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Frankfurt Trading Session Heads Up Tuesday, February 12, 2019

Frankfurt opening news digest

30 Under 30 Europe: The Young Money Merchants Shaping Financial Markets In 2019

The young venture capitalists, fintech entrepreneurs, crypto enthusiasts and millennial bankers, with an average age of just 27, who made Forbes 30 Under 30 Europe Finance list for 2019.

 

Iran’s Death Spiral — 40 Years And Counting

Today, Supreme Leader Khamenei and the mullahs celebrated the 40th year of Iran’s Islamic Revolution. In the economic sphere alone, Iranians have been in a forty-year death spiral. Like the slaughter in that bloody war, the Iranian rial has been slaughtered, too.

 

EURUSD and USDMXN – At What Point Do Caveats Outweigh Appeal?

No trade is perfect, so we need to determine at what point our conviction in a setup is strong enough to justify acting

 

ASX 200 Technical Analysis: Index Needs To Pause, Watch Where

The ASX 200 has had a great run higher but now looks in need of a break. Can it consolidate above its old trading range?

 

EUR/USD in Focus as EU Finance Ministers Discuss Trade, Budget

The Euro may be looking out for key comments or policy developments from the Economic and Financial Affairs Council meeting between EU finance ministers.

 

Dollar Extends an 8-Day Rally, Pound Battered by Data

Trade wars kicked off the new week as top systemic theme as negotiations continued against reports Trump intends to hold March 1st

 

Battered AUD Takes Comfort From Modest NAB Confidence Beat

The poor old Australian Dollar will clearly take any good news it can get at this point, with a very modest revival for NAB’s business

 

USD Clears Resistance with DAX, Euro Stoxx 50 Unexpectedly Surging

European stocks unexpectedly rose as DAX, Euro Stoxx 50 rallied almost 1%. Asia stocks may trade mixed. US Dollar extends winning streak to best since

 

SEK: Weak enough for now – TDS

According to Ned Rumpeltin, European head of FX strategy at TD Securities, SEK weakness now looks overdone, and no longer appears to be supported by u

 

USD/JPY to touch 113 by mid–2019 – Westpac

In view of analysts at Westpac, the recent strength in JPY looks to have come primarily as a result of increased concern over the global economy among

 

India: CPI inflation to edge higher to 2.40 y/y in January – TDS

Analysts at TD Securities are expecting India’s headline CPI to edge higher to 2.40% y/y in January from an 18-month low of 2.2% y/y in December, rema

 




GBP/USD Technical Analysis: Bull RSI divergence confirmed on 4H chart

GBP/USD could be in for a minor bounce possibly to 1.2880-1.29, as the previous 4-hour candle closed on a positive note, confirming a bullish divergen

 

ECB’s Lane: ECB has data-dependent perspective on monetary policy

The European Central Bank (ECB) Governing Council member and newly appointed Chief Economist Philip Lane is on the wires now, via Reuters, speaking in

 

NZD/USD hits three-week low on narrowing NZ-US yield spreads

The NZD remains offered for the fifth day straight, possibly due to the narrowing NZ-US yield differentials. 

The spread between the 10-year New Zeal

 

China’s imports to see the biggest decline since July 2016 – Reuters poll

According to the median estimate of 30 economists in a Reuters poll, China’s, the world’s largest trading nation, exports and imports both are seen fa

 

WTI Technical Analysis: $52.80 keeps challenging buyers

WTI 4-Hour chart

WTI

Overview:
    Today Last Price: 53.1
    Today Daily change: 0.35 pips
    Today Daily change %: 0.66%
    Today Daily Open:

 

Singapore Retail Sales (MoM) down to -3.4% in December from previous 0.2%

Singapore Retail Sales (MoM) down to -3.4% in December from previous 0.2%

 

Singapore Retail Sales (YoY) dipped from previous -3% to -6% in December

Singapore Retail Sales (YoY) dipped from previous -3% to -6% in December

 

USD/JPY Technical Analysis: 1H RSI hasn’t confirmed new 2019 high

USD/JPY clocked a new 2019 high of 110.65 soon before press time, reinforcing the bullish view put forward by the symmetrical triangle breakout confir

 

NZ: Truckometer indexes bounced in January – ANZ

New Zealand’s ANZ Truckometer indexes bounced in January, but the lift in the Heavy Traffic Index in particular was half-hearted, notes the research t

 

Australia: Business conditions rebound, confidence little changed – Westpac

Andrew Hanlan, analyst at Westpac, points out that the Australia’s NAB business survey showed that the business conditions index rose by 4pts followin

 

NZ: Monthly Inflation Gauge increased 1.1% m/m in January – ANZ

Liz Kendall, senior economist at ANZ, points out that the New Zealand economy’s ANZ Monthly Inflation Gauge increased by 1.1% m/m in January, but the

 

NZ: Electronic card spending rose by 1.8% in January – Westpac

Satish Ranchhod, senior economist at Westpac, notes that New Zealand’s retail spending rose by 1.8% in January, reversing most of last month’s very sh

 




Japan Tertiary Industry Index (MoM) below expectations (0.4%) in January: Actual (-0.3%)

Japan Tertiary Industry Index (MoM) below expectations (0.4%) in January: Actual (-0.3%)

 

EUR/USD: Investors continue to add bets to position for drop in EUR

Risk reversals on the EUR, a gauge of calls to puts on the common currency, fell to its lowest level since the end of November, indicating investors a

 

GBP/USD: Comments from BoE’s Carney awaited after the UK GDP’s miss

The GBP/USD pair trades little positive near 1.2860 while heading towards European session on Tuesday. The pair dropped yesterday after fourth-quarter

 

USD/INR Technical Analysis: bearish bias intact

The USD/INR pair managed to avoid a break below 71.00 for two straight days, but the probability of a deeper drop below that psychological level still

 

UK PM Theresa May calls on former EU Chief to help break Brexit deadlock – Sky News

The Sky News carries a story on Tuesday, citing that the UK PM Theresa May is considering enlisting the help of former President of the European Counc

 

New Zealand RBNZ Inflation Expectations (QoQ) unchanged at 2% in 1Q

New Zealand RBNZ Inflation Expectations (QoQ) unchanged at 2% in 1Q

 

USD/CNH drops to 50-HMA on Trump’s comments on trade

US President Trump’s positive comments on trade are boding well for the Chinese currency. 

The USD/CNH pair (offshore yuan exchange rate) has fallen

 

AUD/USD Technical Analysis: Sellers continue to ahead of 0.7095 trend-line resistance

AUD/USD hourly chart

AUD/USD

Overview:
    Today Last Price: 0.7082
    Today Daily change: 0.0018 pips
    Today Daily change %: 0.25%
    Today

 

Trump: `We probably have some good news’ over border deal

More comments crossing the wires from the US President Trump, speaking in El Paso, Texas, but this time on the border deal.

`We probably have some go

 

Asian stocks rise on US-China trade optimism

Asian equities ticked higher on Tuesday on optimism that the US and China may be able to reach a trade deal before a March 1 deadline. 

Japan’s Nikke

 

China’s CommerceMin: China will take more measures to boost consumption

Bloomberg reports the latest comments from the Chinese Commerce Ministry, with the key headlines found below.

China will take more measures to boost

 

Trump says “We are going to make great deals on trade”, Aussie jumps to 0.7090

While addressing a rally of supporters in Texas on Tuesday, the US President Trump made some positive comments on the US-China trade issue, lifting th

 




Gold Technical Analysis: Failed breakout has established $1315 as key resistance

Gold is on the defensive, courtesy of falling channel ‘fakeout’ and only a convincing move above $1,315 would restore the bullish view. 

4-hour chart

 

US-China trade talks: US to assess the chances of deadline being rolled over – Citi

Analysts at Citi group are out with their expectations from the US-China trade talks scheduled on February 14th and 15th.

Key Quotes:

“Trump said la

 

RBNZ 2-year inflation expectations for Q1 at 2.02% vs. 2.03% prior

The Reserve Bank of New Zealand (RBNZ) is out with its inflation expectations survey for the first quarter of 2019, with the key details found below.

 

I just tried Google’s brand new augmented reality Maps on a one mile walk through San Francisco, and I miss it already

Google says the feature is in an “alpha” state and for now, will only be available to “local guides.”

 

Here’s why investors are throwing money at startups that give away their software for free

Last year, there was over $70 billion in acquisitions and funding for open source companies. Here’s why investors are betting big on them.

 

Electronics Art stock pops after detailing early ‘Apex Legends’ popularity

Electronic Arts Inc. EA, -0.37% shares jumped more than 6% in after-hours trading Monday after the videogame publisher detailed early results for a ne

 

EURUSD and USDMXN – At What Point Do Caveats Outweigh Appeal?

EURUSD Talking Points: • No trade is perfect, so we need to determine at what point our conviction in a setup is strong enough to justify acting • EURUSD has…

 

Dollar Extends an 8-Day Rally, Pound Battered by Data

GBPUSD Talking Points: • Trade wars kicked off the new week as top systemic theme as negotiations continued against reports Trump intends to hold March 1st •…

 

Cheer Up

Adage:

Keep things as simple as possible, but no simplier. Albert Einstein

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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