Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, August 14, 2019

Frankfurt opening news digest

Easy Money, Trade Wars Could Give Boost To Bitcoin, ETH, XRP, LTC Prices

Easy money and trade wars have created a credibility problem for central banks and governments behind major national currencies. And that could be bullish for major cryptocurrencies for years to come.

 

GBPUSD Rate Susceptible to Slowing UK Consumer Price Index (CPI)

Updates to the UK Consumer Price Index (CPI) may do little to curb the depreciation in GBPUSD as the headline reading is expected to narrow to 1.9% from 2.0% in June.

 

EURUSD May Sink if German GDP Data Spooks Financial Markets

EURUSD may suffer if German GDP data shows that Europe’s largest economy contracted, boosting demand for liquidity amid market-wide uncertainty.

 

Asia Pacific Stocks Up On US Tariff Delays, Report Trade Talks Still On

There was plenty of green on regional screens despite ongoing tension in Hong Kong as trade hopes spurred tech exporter names on.

 

Gold Prices Eye German GDP Data, Chart Setup Warns of Topping

Gold prices may find some lift in soft German GDP data, but technical positioning warns that a reversal downward may be brewing ahead.

 

France Consumer Price Index (EU norm) (MoM) in line with expectations (-0.2%) in July

France Consumer Price Index (EU norm) (MoM) in line with expectations (-0.2%) in July

 

France Inflation ex-tobacco (MoM) in line with forecasts (-0.2%) in July

France Inflation ex-tobacco (MoM) in line with forecasts (-0.2%) in July

 

France Consumer Price Index (EU norm) (YoY) meets forecasts (1.3%) in July

France Consumer Price Index (EU norm) (YoY) meets forecasts (1.3%) in July

 

UK: Core CPI to hold steady at 1.7% y/y in July – TDS

The TD Securities Analysts believe the UK July Core Consumer Price Index (CPI) is expected to remain unchanged from the June month reading. Key Quotes

 

Germany: The end of a golden decade – ING

Analysts at ING are out with their afterthoughts on the German Q2 GDP release after the economy shrank by 0.1% QoQ in the second quarter. Key Quotes:

 

FX option expiries for Aug 14 NY cut

FX option expiries for Aug 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1100 706m 1.1215 1.3bn 1.1300 566m

 




EUR/USD stays unchanged near 1.1170 on German data

The sentiment around the shared currency remains under pressure in the first half of the week, with EUR/USD navigating the 1.1170 region ahead of the

 

Forex Today: Trade reprieve provides relief, German recession fears grow, UK inflation eyed

Here is what you need to know on Wednesday, August 14th: – The mood remains positive amid signs of detente between China and the US. Beijing is report

 

Germany Gross Domestic Product (YoY) came in at 0%, above forecasts (-0.3%) in 2Q

Germany Gross Domestic Product (YoY) came in at 0%, above forecasts (-0.3%) in 2Q

 

Germany Gross Domestic Product w.d.a (YoY) above forecasts (0.1%) in 2Q: Actual (0.4%)

Germany Gross Domestic Product w.d.a (YoY) above forecasts (0.1%) in 2Q: Actual (0.4%)

 

Germany Gross Domestic Product (QoQ) in line with forecasts (-0.1%) in 2Q

Germany Gross Domestic Product (QoQ) in line with forecasts (-0.1%) in 2Q

 

German Prelim GDP contracts 0.1% in Q2, matches expectations (EUR unfazed)

The German economy contracted by 0.1% q/q in the second quarter of 2019 and matched expectations of -0.1%, the preliminary report by Destatis showed t

 

GBP Futures: further decline appears likely

Investors added more than 1.2K contracts to their open interest positions on Tuesday, reversing at the same time four consecutive pullbacks, all accor

 

GBP/USD technical analysis: Less action near 2-day old support-line

Although prices remain below 23.6% Fibonacci retracement of latest declines, GBP/USD holds firm above two-day-old support-line.

 

GBP/USD faces initial support at 1.2025 ahead of 1.2000 – UOB

Further downside in GBP/USD is expected to meet decent contention at 1.2025 ahead of the psychological 1.2000 handle, suggested FX Strategists at UOB

 

EUR Futures: extra downside is back on the radar

According to advanced figures for EUR futures markets from CME Group, open interest in EUR futures markets increased by nearly 19.2K contracts on Tues

 

Italy’s Salvini aims at new Govt with Giorgetti as Finance Minister – Corriere

Reuters reports the latest comments from the Italian Deputy Prime Minister (PM) Salvini delivered in an interview with the Italian daily, Corriere Del

 

Germany’s GDP to contract 0.1% q/q in Q2 – TDS

Analysts at TD Securities offer a sneak peek at what to expect from Wednesday’s German Preliminary GDP data for the second quarter, slated for release

 




France ILO Unemployment came in at 8.5%, below expectations (8.7%) in 2Q

France ILO Unemployment came in at 8.5%, below expectations (8.7%) in 2Q

 

AUD/USD consolidates amid mixed trade news, AU/China data

With the latest Chinese headlines and upbeat Aussie wage data confronting sluggish activity numbers from China, AUD/USD remains less volatile.

 

Key focus on German, Euro area GDP and UK CPI – Danske Bank

The Danske Bank analysts enlist a few key economic events of note, due on the cards later in the day ahead. Key Quotes: “Financial markets will be loo

 

EUR/USD ready to resume the downside below 1.1160 – UOB

FX Strategists at UOB Group noted EUR/USD could see further losses on a close below 1.1160. Key Quotes 24-hour view: “Yet another indecisive day for E

 

Australia: Wage growth stable but private sector slows – ANZ

Catherine Birch, an Analyst at Australia and New Zealand (ANZ) Banking Group, offers a quick reaction to the Australian Q2 Wage Price Index released e

 

US Dollar Index looks for direction near 97.80

The Greenback is trading without a clear direction at the end of the Asian session on Wednesday, taking the US Dollar Index (DXY) to the area of weekl

 

Forex Today: Risk fragile amid Hong Kong unrest, poor China data; a busy session ahead

The optimism over the US tariffs delay on the Chinese goods faded in the Asian trading this Wednesday, as mounting concerns over the Hong Kong politic

 

Sources: China is sticking to September US trade talks after tariff delay – Bloomberg

Bloomberg quotes people familiar with the matter, as saying that the Chinese officials are sticking to their plan to visit Washington next month for f

 

USD/INR technical analysis: On a defensive around 10-DMA, 61.8% Fibo.

Despite being on the back foot, USD/INR remains supported by near-term key technical levels as it makes the rounds to 71.00 during early Wednesday.

 

Cheer Up

Adage:

Now that the S&P downgraded US Debt the White House said it’s working on a ‘plan B.’
Unfortunately, the B stands for “bake sale.”

Cartoon:


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

Have a nice trading!




Related posts