Frankfurt opening news digest
|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.|
|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.|
|No trade is perfect, so we need to determine at what point our conviction in a setup is strong enough to justify acting|
|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?|
|The Euro may be looking out for key comments or policy developments from the Economic and Financial Affairs Council meeting between EU finance ministers.|
|Trade wars kicked off the new week as top systemic theme as negotiations continued against reports Trump intends to hold March 1st|
|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|
|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|
|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|
|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|
|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 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|
|The European Central Bank (ECB) Governing Council member and newly appointed Chief Economist Philip Lane is on the wires now, via Reuters, speaking in|
|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
|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 4-Hour chart
|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|
|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|
|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|
|Andrew Hanlan, analyst at Westpac, points out that the Australia’s NAB business survey showed that the business conditions index rose by 4pts followin|
|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|
|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%)|
|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|
|The GBP/USD pair trades little positive near 1.2860 while heading towards European session on Tuesday. The pair dropped yesterday after fourth-quarter|
|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|
|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|
|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 hourly chart
|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 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.
|Bloomberg reports the latest comments from the Chinese Commerce Ministry, with the key headlines found below.
China will take more measures to boost
|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 is on the defensive, courtesy of falling channel ‘fakeout’ and only a convincing move above $1,315 would restore the bullish view.
|Analysts at Citi group are out with their expectations from the US-China trade talks scheduled on February 14th and 15th.
“Trump said la
|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.|
|Google says the feature is in an “alpha” state and for now, will only be available to “local guides.”|
|Last year, there was over $70 billion in acquisitions and funding for open source companies. Here’s why investors are betting big on them.|
|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 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…|
|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 •…|
Keep things as simple as possible, but no simplier. Albert Einstein
Image courtesy: www.profitf.com
Have a nice trading!