Heads-up News 

London Trading Session Heads Up Friday, November 22, 2019

London opening news digest

Crude Oil Prices Down on US-China Worries, ECB’s Lagarde in Focus

Crude oil prices retreated from their Thursday highs in another Asian session driven largely by US-China trade headlines.

 

Markets tiring of US China trade optimism? – Westpac

Robert Rennie, Head of Financial Market Strategy at Westpac, offered his take on the recent mixed messages over the prospects of a preliminary US-Chin

 

Germany: Consumption is the new export – ING

According to Carsten Brzeski, Chief Economist at ING Germany, consumption and construction saved the German economy from a technical recession in the

 

AUD/USD struggles near weekly lows, below 0.6800 handle

The AUD/USD pair struggled to register any meaningful recovery and held near the lower end of its weekly trading range, below the 0.6800 handle. The p

 

Focus on RBA Governor Lowe’s speech next Tuesday – ANZ

In the view of the analysts at Australia and New Zealand Banking Group (ANZ), the Reserve Bank of Australia’s (RBA) Governor Lowe’s speech next Tuesda

 

JPY Futures: looks neutral/bullish near-term

According to flash data from CME Group for JPY futures markets, open interest went up for the third session in a row on Thursday, now by just 396 cont

 

When are the UK Preliminary PMIs and how could it affect GBP/USD?

The first Preliminary readings of the UK Manufacturing and Services PMIs are due for release today at 0930GMT. The Preliminary UK Manufacturing PMI is

 

Argentina Trade Balance (MoM) came in at $1768M, above forecasts ($1300M) in October

Argentina Trade Balance (MoM) came in at $1768M, above forecasts ($1300M) in October

 

Germany Gross Domestic Product w.d.a (YoY) in line with expectations (0.5%) in 3Q

Germany Gross Domestic Product w.d.a (YoY) in line with expectations (0.5%) in 3Q

 

Germany Gross Domestic Product (YoY) meets forecasts (1%) in 3Q

Germany Gross Domestic Product (YoY) meets forecasts (1%) in 3Q

 

Germany Gross Domestic Product (QoQ) meets forecasts (0.1%) in 3Q

Germany Gross Domestic Product (QoQ) meets forecasts (0.1%) in 3Q

 




When are the German/ Eurozone flash PMIs and how could they affect EUR/USD?

Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currenc

 

PMI releases, Lagarde’s speech amongst market movers today – Danske Bank

Analysts at Danske Bank provided a brief preview of Friday’s key PMI releases from the Euro-zone, the UK and the US. This along with the ECB President

 

US Official: “Phase One” trade deal may not be signed before December tariffs kick in – CNBC

CNBC News quotes a senior executive at the US Chamber of Commerce, as saying that “Phase One” trade deal may not be signed before the December 15 tari

 

BI remained ‘on hold’ at its meeting – UOB

BI refrained from acting on interest rate at its latest meeting and it is expected to keep the same stance in the next months, suggested Enrico Tanuwi

 

GBP Futures: scope for a correction lower

Open interest and volume in GBP futures markets increased on Thursday by around 2.4K contracts and 11.5K contracts, respectively, as per advanced read

 

Positive growth prospects in Singapore – UOB

Barnabas Gan, Economist at UOB Group, reviewed the growth outlook for Singapore. Key Quotes “Singapore’s third quarter economic growth expanded by a b

 

EUR Futures: pullbacks appear shallow

Investors scaled back their open interest positions by just 135 contracts on Thursday after two consecutive daily builds, according to preliminary fig

 

RBNZ Financial Stability Report: Expect no changes to policy settings – Westpac

Michael Gordon, Analyst at Westpac, notes that “the Reserve Bank will be releasing its six-monthly Financial Stability Report (FSR) at 9am next Wednes

 

FX option expiries for Nov 22 NY cut

FX option expiries for Nov 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1100 839m – USD/JPY: USD amounts 10

 

FOMC minutes reinforced the Fed’s ‘on hold’ stance – UOB

Senior Economist at UOB Group Alvin Liew assessed the recent publication of the FOMC minutes of the October meeting. Key Quotes “In the latest minutes

 

Asia: Key events to watch next week – ANZ

Analysts at Australia and New Zealand Banking Group (ANZ) provides a list of the key economic events of note in Asia next week. Key Quotes: “AU: Anoth

 

The last large positive HIBOR-LIBOR spread was during the Asian Financial Crisis – ING

Analysts at ING ascertain financial risk while closely observing Hong Kong protests and market performance since the beginning of the violence.

 




US Dollar Index struggles for direction just below 98.00

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, is extending the gradual weekly upside to the 98.00 neighb

 

The Institute for Fiscal Studies rejects UK Labour’s claims over manifestos – Rabobank

Analysts at Rabobank recently came out with their check of the United Kingdom’s (UK) opposition Labour Party manifesto that was released on Thursday.

 

Cheer Up

Adage:

The farther price is from a linear trend, the more likely it is to correct.

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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