Frankfurt opening news digest
|Gold prices failed to sustain another foray to the upside yesterday, with the chart setup now warning that a top may be forming before critical|
|There are fewer explicit key events to track but themes like trade wars and the US government shutdown have milestones to watch|
|The Euro has been mired in a choppy range below 1.15 against the US Dollar for nearly two months but overall positioning still points to|
|A top trading opportunity of mine in 2019 is short EUR/CAD, I am looking to sell amidst technical bearish signs. If a rebound to 1.5276|
|USD/BRL looks to be on the verge of completing a bearish Head and Shoulders reversal pattern. Waiting for a daily close below the neckline range|
|AUD/USD declined on dismal trade balance data for November, but prices may rebound on an upbeat market mood and renewed US-China trade talks.|
|Upbeat US China trade talk news boosted the S&P 500 amidst comments from Wilbur Ross. Anti-risk Japanese Yen weakened as AUD/USD prices pushed higher, more|
|Commerzbank Economist Hao Zhou believes that Fed rate hike pause would help China defend the psychological level of 7.00 in USD/CNY.
Indeed, the Fed
|USD/JPY’s corrective bounce to 109.00 could be short-lived as the yield differential continues to slide in favor of the Japanese yen.
The spread betw
|As reported by Bloomberg, the European Central Bank’s (ECB) chief, Mario Draghi, is set to retire this year, but growing calls throughout the European|
|Netherlands, The Consumer Price Index n.s.a (YoY) remains unchanged at 2% in December|
|Iran’s central bank has proposed slashing four zeros from its battered currency, according to State News Agency IRNA.
“A bill to remove four zeros f
|Australia’s November trade surplus printed A$1.93b, below market forecasts for a A$2.2b surplus, while the surplus in Oct was revised down from A$2.3b|
|Analysts at ING expect the BoC to resort to more cautionary stance due to the recent oil price slump, weaker-than-expected business investment in 3Q18|
Trend: Bullish above 61.8% Fib
Today Last Price: 0.7127
Today Daily change: -17 pips
Today Daily ch
|Japan Consumer Confidence Index: 42.7 (December) vs previous 42.9|
|GBP/USD is trading near 1.2760 ahead of Tuesday’s London market session, and the beleaguered Pound is struggling to hold onto gains near the 1.2800 ha|
|Andrew Hanlan, analyst at Westpac, explains that Australia’s trade surplus consolidated in November as it printed $1.9bn following a $2.0bn outcome fo|
|The USD/JPY one-month 25 delta risk reversals (JPY1MRR) are currently trading at -1.60 in favor of the put options (bearish bets). Notably, the gauge|
|Analysts at Rabobank note that the UK Telegraph has reported that UK PM May is making parliamentary moves to limit the risks of a Hard Brexit.
|The EUR/USD pair is currently trading at 1.1438, having faced rejection above the 100-day MA of 1.1370 in Asia.
Notably, the pair has failed four tim
|Analysts at Standard Chartered point out that while Asian economies’ performance has been robust, other regions have disappointed.
|USD/INR’s move above 70.00 has trapped the bears on the wrong side of the market. The pair clocked a high of 70.07 earlier today and is now trading at|
|Reuters reports the latest statement published by the Indian Ministry of Statistics, citing that the Indian economy will expand more than 7% in the cu|
|The NZD/USD pair is struggling to clear the 200-hour moving average (HMA) hurdle, having rallied more than 150 pips in the last six days.
|EUR/USD is bedding down for Tuesday’s action, dipping into the 1.1450 region once again after peaking near 1.1485 to start the day.
The Fiber’s botto
|The North Korean and Chinese state media confirmed early Tuesday, the North Korean leader Kim Jong Un is visiting China at the invitation of Chinese P|
|The USD/JPY pair is currently trading at 108.56, having clocked a high of 108.77 earlier today.
Notably, the pair has pulled back from the session hi
|Oil prices continue to seek higher ground with WTI barrels exploring above the 49.50 barrier on Monday, and a soft decline heading into Tuesday is see|
|Japanese Finance Minister Taro Aso is on the wires now, via Reuters, commenting on the economy and the expected sales tax hike.
|Gold bulls may have run out of steam, having engineered a $100 rally in the last seven weeks.
The yellow metal failed to cross the psychological hurd
|White House Council of Economic Advisers Chairman Kevin Hassett was on the wires earlier today, via Fox Business News, noting that there will be some|
|NZD/USD is testing lower in early Tuesday action, challenging the sub-0.6750 zone as the pair looks set to extend a peaking pattern from Monday’s high|
|The JPY crosses have come under pressure despite the uptick in the S&P 500 futures.
Notably, the AUD/JPY pair could be in for a 50 pip drop from the
|The People’s Bank of China (PBOC) set the yuan reference rate at 6.8402 vs Monday’s fix of 6.8517.|
|According to results from an EY Financial Services ‘Brexit Tracker’ poll of banking institutions, £800 billion ($1.024 trillion) has either already le|
|A spokesperson for UK Prime Minister Theresa May has delivered a statement on the heels of earlier reports that leaders in the UK are exploring the po|
|Mobileye and Ordnance Survey will combine geospatial maps of Great Britain with Mobileye’s self-driving data.|
|Apple’s has an ad at the giant CES trade show touting its privacy bona fides, but the ad is seriously misleading.|
|Intel Corp. INTC, +0.47% announced a series of new products Monday afternoon at CES, including new chips for artificial intelligence and 5G wireless c|
|Trade War Talking Points: • The S&P 500 and US indices nudged higher to start the week, but fundamental attribution seemed a stretch beyond ‘follow through’ …|
A man commented to his lunch companion: “My wife had a funny dream last night. She dreamed she’d married a millionaire”. “You’re lucky”, sighed the companion. “My wife dreams that in the daytime”.
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Have a nice trading!