Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, August 14, 2019

Frankfurt opening news digest

US Dollar and Yen May Rise on Japan, South Korea Trade War

The US Dollar and Japanese Yen may extend gains if the trade war between Japan and South Korea boosts demand for liquidity, though KRW weakness may be stemmed by FX intervention.

 

Dow and Yuan Rally, Yen and Gold Tumble as Trump Stirs Trade Wars Again

Reports from the USTR that some goods would not be swept up in Trump’s $300 bln tariff hike charged a ‘risk asset’ recovery

 

Australian Dollar Slides As Chinese Industrial, Retail Numbers Both Miss

There was no cheer for risk-sensitive assets such as the Australian Dollar in a Chinese data dump which came up very broadly short of expectations

 

Crude Oil Prices Eye Monthly-High as US Delays China Tariffs

The price of oil extends the rebound from the monthly-low ($50.52) as the US delays the next tranche of China tariffs to December 15.

 

Yen to Turn on China Tariff Delay? AUD/JPY 2009 Support Reinforced

The anti-risk Japanese Yen is vulnerable after the US delayed imposing some of its tariffs against China. AUD/JPY 2009 support was reinforced after its best performance since January.

 

China’s Hong Kong Affairs office: Strongly condemn ‘near-terrorism’ criminal actions in Hong Kong

China’s Hong Kong Affairs office is out with the latest statement, via Xinhua, condemning the ongoing protests at the Hong Kong international airport.

 

GBP/USD hold steady around latest lows, awaits UK CPI for fresh direction

GBP/USD registers stray moves ahead of the UK’s July month CPI data while trading near 1.2560 before the London market opens on Wednesday.

 

WTI technical analysis: Nearing 200-day MA support, channel breakout remains elusive

WTI oil is feeling the pull of gravity at press time, having failed to close above the falling channel resistance on Tuesday. As of writing, a barrel

 

China denied a US Navy request to make scheduled port visits to Hong Kong

The latest headlines crossing the wires, via Reuters, cite that China has denied a US Navy request to make scheduled port visits to Hong Kong. The US

 

When is German GDP data and how could it affect EUR/USD?

German gross domestic product (GDP) due at 06:00 GMT is expected to show the economy contracted 0.1% quarter-on-quarter in April to June period, havin

 

Gold seesaws around $1500 as markets move away from risk-on

Having surged to the fresh multi-year top near $1,535, and declining afterward on upbeat trade news, Gold takes the rounds to $1,500 mark early Wednesday.

 




China’s FinMin: Further cut government spending and ensure tax cuts

The Chinese Finance Minister is out on the wires now, via Reuters, suggests to further cut government spending and ensure tax cuts. Additional Comment

 

Christmas will be less expensive in the US than it might have been – ING

Robert Carnell, Chief Economist Head of Research, Asia-Pacific at ING, notes that markets are responding with muted relief to the latest round in the

 

BOJ now more likely to ease further – Reuters poll

The probability of the Bank of Japan (BOJ) easing further has increased after its July policy meeting, according to 21 of 38 economists in the Aug. 2-

 

Australian Consumer Sentiment bounces back – Westpac

The Westpac-Melbourne Institute Index of Consumer Sentiment rose 3.6% to 100 in August from 96.5 in July. Bill Evans, analyst at Westpac, provides a q

 

USD/CNY to stay above 7.00 over the coming year on trade war fears – Reuters

A Reuters poll of foreign exchange strategists showed that the USD/CNY pair will strengthen beyond the 7.00 mark over the coming year amid looming US

 

USD/JPY technical analysis: At session lows after facing rejection at key resistance

USD/JPY is facing downside pressures a day after failing to close above the former support-turned-resistance of 106.78 (June 25 low). As of writing, t

 

Australia: Retail malaise hits the property side – ANZ

Adelaide Timbrell & David Plank, Analysts at Australia and New Zealand (ANZ) Banking Group are out with their take on the impact of the slowing retail

 

China’s NBS: Impact from Sino-US trade war on China’s economy controllable

Additional headlines are crossing the wires from China’s National Bureau of Statistics (NBS), in the wake of a big miss on the Chinese macro-economic

 

China’s Stats Bureau: Stimulus policies are gradually showing their effects

The spokesman for the country’s stats bureau, National Bureau of Statistics (NBS), is out on the wires assuring markets that the economy is facing inc

 

China 10-year bond yield drops below 3% for first since December 2016

China’s 10-year government bond yield fell below 3% in response to a weaker-than-expected macroeconomic data released at 02:00 GMT. The markets last s

 

NZD/USD technical analysis: Buyers step back from 0.6475/76 confluence after China data

With China’s Industrial Production and Retail Sales lagging behind market consensus, NZD/USD witnesses pullback form near-term key resistance confluence.

 

China’s NBS: China’s economic growth generally stable

Following the releases of downbeat Chinese activity data, the spokesman for the country’s stats bureau, National Bureau of Statistics (NBS) highlighte

 




AUD/USD drops to 10-day MA on horribly weak China data

A weaker-than-expected China data released at 02:00 GMT pushed the AUD/USD lower to the 10-day moving average support of 0.6779. China consumer spendi

 

AUD/USD declines after downbeat Chinese activity numbers

Having offered a muted response to quarterly wage data, the AUD/USD pair slumped to the intra-day low of 0.6777 after China’s key activity data disappointed.

 

China Fixed Asset Investment (YTD) (YoY) below forecasts (5.8%) in July: Actual (5.7%)

China Fixed Asset Investment (YTD) (YoY) below forecasts (5.8%) in July: Actual (5.7%)

 

China’s July data dump: Downbeat across all indicators (Aussie hits lows)

China’s July retail sales YoY, the number arrived at +7.6% vs. +8.6% exp and +9.8% last, with industrial output YoY at +4.8% and +5.8% exp and +6.3% l

 

China Industrial Production (YoY) registered at 4.8%, below expectations (5.8%) in July

China Industrial Production (YoY) registered at 4.8%, below expectations (5.8%) in July

 

China Retail Sales (YoY) below expectations (8.6%) in July: Actual (7.6%)

China Retail Sales (YoY) below expectations (8.6%) in July: Actual (7.6%)

 

AUD/NZD is firmer following Australian data that shows higher wages

AUD/NZD has firmed in Asia following a series of Australian data that has helped to lift the pair within a trend that formed down in the 1.0450s. The

 

US tariffs delay mainly due to concerns over political risks, US equity market’s performance – Goldman Sachs

Following the US Trade Representative’s (USTR) announcement of the delay to the tariffs imposed on China until December 15 on Tuesday, the Goldman Sac

 

AUD/USD: Muted response to above-forecast Australian wage price index

Australia reported a better-than-expected wage growth data for the second quarter at 01:30 GMT, but so far, the AUD has failed to pick up a strong bid

 

USD/CHF: Lack of fresh clues restrict latest recovery

USD/CHF fails to carry the previous run-up as it declines to 0.9765 during early Wednesday.

 

Australia Wage Price Index (YoY) meets expectations (2.3%) in 2Q

Australia Wage Price Index (YoY) meets expectations (2.3%) in 2Q

 

Australia Wage Price Index (QoQ) registered at 0.6% above expectations (0.5%) in 2Q

Australia Wage Price Index (QoQ) registered at 0.6% above expectations (0.5%) in 2Q

 




This VC helped jump start the app economy by launching the iFund. Now he thinks an overlooked part of the enterprise software market is about to explode.

The Menlo Ventures’ partner led investments in DocuSign and AppDynamics. Now he sees a new opportunity in a specific area of the enterprise market.

 

Dow and Yuan Rally, Yen and Gold Tumble as Trump Stirs Trade Wars Again (Trading Video)

Trade War Talking Points: • Reports from the USTR that some goods would not be swept up in Trump’s $300 bln tariff hike charged a ‘risk asset’ recovery • The…

 

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