Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, June 12, 2019

Frankfurt opening news digest

The US-China Trade War Could Drag On For A Long Time

Trade negotiations with China could resume soon, in the flash of a tweet. But it will take a great deal of time to reach a deal, and much longer to seal it.


Euro Braces for Draghi Speech, USD May Fall on Local CPI Data

The Euro and US Dollar will be closely watching major cross-Atlantic event risk as ECB President Mario Draghi prepares to speak in Germany while the US Dollar braces for local CPI data.


Crude Oil Prices at Risk on US CPI and EIA Inventory Data

Crude oil prices may fall as US CPI data speaks to slowing economic growth while EIA inventory data points to oversupply even as output is reduced.


Asian Stocks Mixed With Chinese Inflation Weighing, US CPI Coming Up

Asia Pacific equity markets put in a scrappy mid-week performance as investors looked ahead to key US numbers.


EUR/USD visiting daily highs near 1.1340, looks to ECB, US CPI

The upbeat mood around the shared currency stays unabated so far on Wednesday and is lifting EUR/USD to the area of fresh tops around 1.1340. EUR/USD


AUD/USD struggles near mid-0.6900s, over 1-week lows

The AUD/USD pair remained depressed through the Asian session on Wednesday and dropped to near 1-1/2 week lows in the last hour. The pair came under s


USD/JPY sees aggressive selling, eyes 108.00 as risk-off intensifies

The USD/JPY pair witnessed a 20-pips drop over the last hour, as the buying interest gathered pace around the safe-haven Yen, with the European trader


UK politics and US CPI amongst market movers today – Danske Bank

Danske Bank analysts point out that in the UK, the House of Commons will vote on a proposal to give MPs control of parliamentary business on 25 June a


India: CPI likely to rise by 0.64% m/m – TDS

Analysts at TD Securities are expecting India’s headline CPI to rise by 0.64% m/m, 3.05% y/y, largely due to higher food prices. Key Quotes “Core CPI


ECB’s Villeroy: France is resisting the unfavorable environment rather well

The European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy de Galhau was reported by Reuters, as saying that France is


JPY Futures: extra losses remain on the cards

Open interest in JPY futures markets rose by around 5.9K contracts on Tuesday following two consecutive daily declines. Volume followed suit, rising b


Italy’s Deputy PM Salvini: Govt proposes tax on savings hidden in safety deposit boxes

Italian newspapers quoted Deputy Prime Minister (PM) Matteo Salvini, as saying that Italy’s government may tax cash and other valuables locked away in


GBP/USD technical analysis: Upside remains capped by 1.2815/20

Despite lack of momentum, a 12-day long ascending trend-channel portrays the GBP/USD pair’s strength but dangers lie ahead.


GBP Futures: bullish attempts remain shallow

CME Group’s preliminary figures for GBP futures markets noted open interest shrunk by just 432 contracts on Tuesday after two daily builds. In the sam


FX option expiries for June 12 NY cut

FX option expiries for June 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1300 819m 1.1325 722m 1.1350 1.2bn


France Nonfarm Payrolls (QoQ) came in at 0.5%, above forecasts (0.3%) in 1Q

France Nonfarm Payrolls (QoQ) came in at 0.5%, above forecasts (0.3%) in 1Q


Australia: Weakness in private demand to continue, policy stimulus needed – NAB

Analysts at National Australia Bank have revised down their near term economic forecasts for the Australian economy reflecting the inclusion of the Q1


France Nonfarm Payrolls (QoQ) above forecasts (0.3%) in 1Q: Actual (0.4%)

France Nonfarm Payrolls (QoQ) above forecasts (0.3%) in 1Q: Actual (0.4%)


EUR Futures: room for extra gains near term

In light of advanced data for EUR futures markets from CME Group, investors scaled back their open interest positions by nearly 2K contracts on Tuesda


OPEC Sec. General Barkindo: OPEC seeks to balance market as uncertainty lingers

In remarks delivered via video link at a conference hosted by RBC Capital Markets in New York late-Tuesday, the OPEC Secretary General Mohammad Barkin


EUR/GBP technical analysis: 0.8945/50 is the level to beat for buyers

EUR/GBP’s pullback from 0.8935 seems tepid as it presently trades near 0.8910 while heading into the UK open on Wednesday.


US Dollar Index parked around 96.70 ahead of US CPI

The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, is trading without direction around the 96.70 region on We


Australia: Sentiment dips as economy concerns outweigh policy boost – Westpac

Matthew Hassan, analyst at Westpac, point out that the Australia’s Westpac-Melbourne Institute Index of Consumer Sentiment dipped 0.6% to 100.7 in Jun


China: May CPI rose 2.7% y/y – TDS

Analysts at TD Securities note that China’s May CPI rose 2.7% y/y from 2.5% y/y in April, unchanged m/m, in line with expectations. Key Quotes “PPI ro


Sources: Expectations low for Trump-Xi talks, preparations limited – Reuters

Reuters quotes sources familiar with the matter, including officials and diplomats in Washington and Beijing, as saying that the expectations for prog


Singapore Retail Sales (MoM) came in at 0.5%, above expectations (0%) in April

Singapore Retail Sales (MoM) came in at 0.5%, above expectations (0%) in April


Singapore Retail Sales (YoY) came in at -1.8%, below expectations (0.3%) in April

Singapore Retail Sales (YoY) came in at -1.8%, below expectations (0.3%) in April


USD/MXN drops beneath 100-day SMA as US Pres.Trump’s “secret” deal seems to help Mexico

Mexican Peso (MXN) buyers cheer an expected 90-day grace period from the June 07 trade deal with the US as the USD/MXN pair declines beneath 100-day SMA.


Forex Today: Antipodeans hit by fresh trade woes; Draghi, US CPI eyed

A sense of caution prevailed across the financial markets in Wednesday’s Asian trading, as markets remained wary amid the latest tough stance adopted



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