Frankfurt opening news digest
|Guru’s top holding as of the 3rd quarter is semiconductor manufacturer Micron Technology|
|Dovish forecasts from the Federal Reserve, Bank of Canada, and the Reserve Bank of Australia could jeopardize overall market sentiment.|
|Crude oil prices appear vulnerable as financial markets eye the outcome of a pivotal meeting between OPEC and allied producers meant to unveil new output|
|The Nikkei 225 has slipped, along with many other global indexes, as risk-aversion has risen. However, the Japanese benchmark’s daily-chart uptrend has yet to break|
|After stalled liquidity, the return of US traders may weigh on fundamental threat assessment tracking for the US-China trade war, and yield curve warnings.|
|Euro technical positioning hints the single currency is trying to resume its dominant downward trend against the US Dollar. Will this attempt find follow-through?|
|Risk aversion engulfed financial markets as Wall Street was closed despite US China trade talk progress. CAD sunk on less hawkish BoC. Asia stocks may|
|Pacific-Asia equities are red across the board for Thursday as investor sentiment continues to sour further, and traders are punishing the major indic|
|Netherlands, The Consumer Price Index n.s.a (YoY) declined to 2% in November from previous 2.1%|
|Analysts at Rabobank note that the China has pledged that it would press ahead with the “concrete” measures it had agreed with the US at the G-20, and|
|Analysts at Standard Chartered point out that the India’s Monetary Policy Committee (MPC) kept its policy rate on hold at 6.5% in an unanimous decisio|
|The yield on the US 10-year treasury note fell to 2.874 percent soon before press time – its lowest level since Sept. 7.
The risk aversion in the equ
|GBP/USD continues to trade sideways, reaching daily peaks in the 1.2800 neighborhood before sinking back down into the 1.2700 region, though swing low|
|The offshore Chinese yuan (CNH) is taking a beating amid risk aversion in the equity markets.
The USD/CNH pair is currently trading at 6.8867; up 0.4
|Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, explains that the Australian retail sales came as a relief after disappointing|
|Analysts at ANZ expect the vibe of next week’s Half-Year Economic and Fiscal Update (HYEFU) and Budget Policy Statement (BPS) of New Zealand economy t|
|Andrew Hanlan, Research Analyst at Westpac, notes that the Australia’s trade surplus was smaller than expected for October, at $2.3bn (market median $|
|The EUR/USD pair is trading in a sideways manner around 1.1340 for the fourth day straight despite the EUR-positive developments in the bond markets.|
|Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, points out that the Australian Oct trade surplus narrowed to +$A2.3b due to a l|
Today Last Price: 0.7221
Today Daily change: -48 pips
Today Daily change %: -0.660%
|MNI reports an adviser noting that the People’s Bank of China (PBOC) will allow Yuan to gain in trade truce.|
|The much-awaited meeting of the Organisation of Petroleum Exporting Countries (OPEC) is due on the cards later today that will have a significant impa|
|Bank of Japan (BOJ) governor Kuroda’s take on the central bank’s bond purchase program and inflation goal is crossing the wires via LiveSquawk:
|Gold is currently trading at $1,240 per Oz, having hit a high of $1,243 on Tuesday – the level last seen on Oct. 26.
The yellow metal crossed the res
|In an interview with Bloomberg TV, Japan Post CEO Nagato spoke about the Bank of Japan’s (BoJ) monetary policy and the economy.
|AUD/USD is marking in new lows for the week below 0.7230 as risk appetite drains away in the Pacific-Asia market session, fueled by an unexpected decl|
|According to the results of the latest Reuters poll of economists, a majority of them believe that the British currency, the GBP, is poised for a 2.75|
|The USD/JPY looks set to test the support at 112.58 (Tuesday’s low), having suffered a rising wedge breakdown earlier today.
A deeper drop below that
|Bank of Japan’s (BOJ) governor Kuroda on Thursday said that the central bank must stay vigilant prolonged monetary easing could weigh on financial ins|
|As reported by Bloomberg, a yield curve inversion of the 3- and 5-year US Treasuries is flagging a growing warning sign, and could be signaling for t|
|The US-based rating agency, Moody’s Investors Service, is out with its take on the Australian government’s heavy spending on the infrastructure develo|
|On Thursday, the People’s Bank of China (PBOC) announced that it injected funds into the Chinese banking sector via 1-year Medium-term Lending Facilit|
|Head of Supervision at the Federal Reserve (Fed) Randy Quarles is out with further comments, speaking at Stanford University.
He said that that finan
|Brent’s recovery rally from the Nov. 29 low of $57.33 is struggling to move past the resistance of the 4-hour chart 100-SMA, possibly due to caution a|
|More comments hitting the wires from the Bank of Japan (BoJ) Governor Haruhiko Kuroda, as he continues to speak in the Japanese parliament.
|NZD/USD is trading into 0.6880 as risk appetite continues to take a header as risk appetite retreats further in Thursday’s early Asian market session,|
|Yang Chin-long, Governor of the Central Bank of the Republic of China, Taiwan’s central bank was reported by Reuters, as saying that the US-China trad|
|Asian markets were in retreat after Trump added confusion to the vague state of the US-China trade war ceasefire.|
|U.S. stock market futures tumbled in early trading Wednesday night, signalling potential Thursday losses on Wall Street, after Canada arrested a top e|
|Rate Decision Talking Points: • Both the Bank of Canada and Reserve Bank of Australia offered more cautious views this week which deflated policy expectation…|
|Indices Talking Points: • Liquidity effectively stalled Tuesday’s risk slump, will its return revive the move? • Fundamental threat assessment tracking for t…|
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