Heads-up News 

Frankfurt Trading Session Heads Up Tuesday, August 13, 2019

Frankfurt opening news digest

Stronger UK Job/Wage Growth to Curb GBPUSD Losses

Updates to the UK Employment report may generate a short-term rebound in GBPUSD as the economy is expected to add 60K jobs in June.

 

US Dollar May Rise vs Euro if CPI Data Cools Rate Cut Bets

The US Dollar may rise vs the Euro if US CPI data chills Fed rate cut bets and the German ZEW survey report spooks markets and puts a premium on liquidity.

 

Hong Kong’s Woes Keep Risk Aversion Simmering, Gold Miners Buck Falls

These are still hard times for stocks with trade worries and weaker economies almost everywhere you look. The oldest haven is proving unsurprisingly attractive

 

Fitch: Structural challenges pressure Japanese major banks’ profitability

In its latest review on the Japanese banking sector, the US-based Fitch Ratings, the Japanese major banks’ profitability will remain under pressure du

 

Forex Today: Gold is shining amid three global concerns, UK jobs and US inflation eyed

Here is what you need to know on Tuesday, August 13th: – The flight to the safety of bonds continues with US 10-year yields trading closer to 1.60%. C

 

NZ: Regional divergence in housing continues – ANZ

ANZ analysts point out that New Zealand’s nationwide, house prices were unchanged m/m in July, but have fallen 0.3% q/q while annual house price infla

 

EUR/USD comes under pressure below 1.1200 ahead of ZEW

The shared currency is eroding part of yesterday’s gains vs. the Greenback and is now dragging EUR/USD to the area of daily lows in the 1.1190/80 band

 

Singapore: Q2 GDP rose by 0.1% – TD Securities

TD Securities analysts point out that on a YoY basis, Singapore’s Q2 GDP rose by 0.1%, -3.3% QoQ sa. Key Quotes “Weakness was particularly stark in ma

 

Germany Wholesale Price Index (YoY) came in at -0.1%, above expectations (-1%) in July

Germany Wholesale Price Index (YoY) came in at -0.1%, above expectations (-1%) in July

 

Next CEO Wolfson: UK can avoid severe disruption in the event of a no-deal Brexit

In a BBC interview on Tuesday, Simon Wolfson, the Chief Executive of the British retail chain, Next, said that he prefers a Brexit deal but that in th

 

Australia: Consumer Confidence down a notch – ANZ

Australia’s ANZ-Roy Morgan Consumer Confidence fell marginally by 0.3% last week, consolidating at an above average level, notes the research team at

 




USD/JPY sees a probable move below 105.00 – UOB

According to FX Strategists at UOB Group, USD/JPY could well breach the 105.00 key support in the near term. Key Quotes 24-hour view: “As cited in our

 

Japan Machine Tool Orders (YoY): -33% (July) vs -38%

Japan Machine Tool Orders (YoY): -33% (July) vs -38%

 

Germany Wholesale Price Index (YoY) above forecasts (-1%) in July: Actual (0.1%)

Germany Wholesale Price Index (YoY) above forecasts (-1%) in July: Actual (0.1%)

 

Germany Consumer Price Index (MoM) meets forecasts (0.5%) in July

Germany Consumer Price Index (MoM) meets forecasts (0.5%) in July

 

Germany Consumer Price Index (YoY) meets forecasts (1.7%) in July

Germany Consumer Price Index (YoY) meets forecasts (1.7%) in July

 

Germany Harmonized Index of Consumer Prices (MoM) meets expectations (0.4%) in July

Germany Harmonized Index of Consumer Prices (MoM) meets expectations (0.4%) in July

 

GBP Futures: further retracement unlikely

Open interest in GBP futures markets shrunk for the fourth consecutive session on Monday, this time by almost 6K contracts, in light of advanced figur

 

Germany Harmonized Index of Consumer Prices (YoY) meets expectations (1.1%) in July

Germany Harmonized Index of Consumer Prices (YoY) meets expectations (1.1%) in July

 

Germany Wholesale Price Index (MoM) below forecasts (0.2%) in July: Actual (-0.3%)

Germany Wholesale Price Index (MoM) below forecasts (0.2%) in July: Actual (-0.3%)

 

GBP/USD technical analysis: Choppy inside falling wedge amid bullish MACD

GBP/USD portrays falling wedge bullish formation on the four-hour chart with bullish MACD.

 

Japan’s Seko: S. Korea failed to justify trade restriction, USD/JPY off highs

Japanese Industry Minister Hiroshige Seko was on the wires earlier today, via Twitter, responding to the removal of Tokyo’s fast-track trade status b

 

GBP/USD still within the negative phase – UOB

In opinion of FX Strategists at UOB Group, Cable still remains entrenched in a ‘negative phase’ and keeps targeting 1.1985. Key Quotes 24-hour view: “

 




EUR Futures: rallies look shallow

Investors reduced their open interest positions for the seventh day in a row Monday, this time by just 169 contracts. On the other hand, volume revers

 

EUR/USD still looks consolidative but… – UOB

FX Strategists at UOB Group see EUR/USD in a 1.1200-1.1300 range although attention has also shifted to 1.1160. Key Quotes 24-hour view: “After a seri

 

Australia: Business confidence up, conditions down – TD Securities

Analysts at TD Securities note that Australia’s NAB business conditions edged 2 pts lower lower in July to +2, remaining below the long-run average (+

 

EUR/USD continues to consolidate – Commerzbank

Karen Jones, analyst at Commerzbank, explains that EUR/USD pair has continued to consolidate just below resistance at 1.1285 and the 200 day ma at 1.1

 

AUD/USD technical analysis: Multiple barriers on the road to recovery

Following its latest recovery, the AUD/USD pair takes the bids to 0.6762 ahead of Tuesday’s European session open.

 

FX option expiries for Aug 13 NY cut

FX option expiries for Aug 13 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – GBP/USD: GBP amounts 1.2075 427m – USD/JPY: USD amounts 10

 

US Dollar Index flirts with the 21-day SMA near 97.60

The Greenback, when measured by the US Dollar Index (DXY), is extending the optimism in the first half of the week and navigates in the upper end of t

 

USD/INR plummets from fresh 6-month high despite a shift in market sentiment

With the Indian government measures boosting the INR, the USD/INR pair fails to hold on to the previous run-up towards late-February highs.

 

Australia: Business conditions down, confidence up – Westpac

Andrew Hanlan, analyst at Westpac, points out that Australia’s business conditions were down by 2pts to +2, while business confidence was up by 2pts t

 

Forex Today: Dollar jumps in Asia amid better risk mood; UK jobs, ZEW eyed

Broad-based US dollar rebound was the main underlying theme in Tuesday’s Asian trading, as better risk tones sent the Treasury yields higher in tandem

 

Cheer Up

Adage:

The twenty answered, “I’ve been hanging out at the casinos, went on a cruise and did the rounds of the ship, back to the United States for a while, went to a couple of baseball games, to the mall, that kind of stuff. How about you?”

Cartoon:


Image courtesy: images-na.ssl-images-amazon.com

Have a nice trading!




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