London opening news digest
|Will bitcoin suffer further losses before the year is through?|
|There was a late-week reprieve for battered Asia Pacific stock markets as investors took heart from a report suggesting that there may be fewer US|
|Gold gained amidst a weaker US Dollar, lower government bond yields on market-wide pessimism. Next week contain numerous uncertainties for gold: Brexit draft vote, US|
|Carsten Brzeski, chief economist at ING, points out that Germany’s industrial production dropped by 0.5% MoM in October, from a 0.1% MoM drop in Septe|
|• A modest USD uptick/positive bond yields helped gain some positive traction.
• The cautious mood continues to underpin JPY’s safe-haven dem
|France Trade Balance EUR above expectations (€-6B) in October: Actual (€-4.1B)|
|France Industrial Output (MoM) came in at 1.2%, above expectations (0.7%) in October|
|France Exports, EUR rose from previous €40.42B to €43.2B in October|
|France Current Account climbed from previous €-1.9B to €-0.7B in October|
|France Imports, EUR rose from previous €46.08B to €47.3B in October|
|Karen Jones, analyst at Commerzbank, suggests that the GBP/USD is likely to find initial resistance at the 1.2840 levels after it has bounced off the|
|There is no need to cut reforms in the budget, said Italy’s Deputy Prime Minister Luigi Di Maio in an interview to Radio 4 this Friday.
He was furthe
|CME Group’s advanced data for GBP futures markets noted open interest rose by almost 2K contracts on Thursday vs. Wednesday’s final 235,336 contracts.|
|Germany Industrial Production n.s.a. w.d.a. (YoY) up to 1.8% in October from previous 0.8%|
The past couple of weeks have been a ranging affair for the Cable, but swing highs remain capped off at the 1.2800 handle while
|Germany Industrial Production s.a. (MoM) below forecasts (0.3%) in October: Actual (-0.5%)|
|Denmark Industrial Production (MoM) up to 1% in October from previous -0.4%|
|Norway Manufacturing Output rose from previous -0.3% to 1.5% in October|
|In light of preliminary figures for EUR futures markets from CME Group, investors added nearly 1.5K contracts to their open interest positions on Thur|
|In view of Karen Jones, Analyst at Commerzbank, EUR/USD continues to be range bound but is once more trying to reach the 55 day moving average at 1.14|
|• Struggles to build on overnight attempted rebound amid a modest USD uptick.
• Renewed worries about the US-China relations continue to weig
|Research team at Danske Bank point out that today, we have a numbers of important data releases on both sides of the Atlantic, starting with the US jo|
|Analysts at TD Securities suggest that based on their models, and following dire export/import PMIs in recent months, they expect China’s imports and|
|According to reporting by Reuters, Chinese state-run newspaper China Securities Journal is urging the government that tells it what to write to seek t|
|Forex today saw mild risk-on action with Chinese yuan pushing higher against the greenback and JPY crosses picking up a bid, tracking mild gains in th|
|South Africa Net $Gold & Forex Reserve climbed from previous $42.194B to $42.577B in November|
|South Africa Gross $Gold & Forex Reserve rose from previous $50.166B to $50.672B in November|
|Prakash Sakpal, Economist at ING, suggests that the stage is set for the Philippines’ central bank to keep its policy on hold when it meets next week|
Q: Why does President Obama think its good that gas prices have fallen?
A: Because now people can afford to drive the cars they’re living in!
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Have a nice trading!