Heads-up News 

London Trading Session Heads Up Monday, December 2, 2019

London opening news digest

Gold Price to Track November Range as Traders Eye US-China Trade Talk

The price of gold may continue to track the range bound price action from November amid the uncertainty surrounding the US-China trade negotiation.

 

AUD/USD clings to modest recovery gains, lacks follow-through

The AUD/USD pair held on to its modest recovery gains and is currently placed near the top end of its daily trading range, around the 0.6775 region. H

 

Indonesia inflation: Well-contained – ANZ

According to the analysts at Australia and New Zealand Banking Group (ANZ), the Indonesian inflation continue to soften last month, despite the rise i

 

GBP/USD remains bid within the range – Commerzbank

Cable is seen keeping the neutral to positive bias unchanged between 1.3013 and 1.2768 for the time being, suggested Karen Jones, Team Head FICC Techn

 

Sweden Purchasing Managers Index Manufacturing (MoM) registered at 45.4, below expectations (47.1) in November

Sweden Purchasing Managers Index Manufacturing (MoM) registered at 45.4, below expectations (47.1) in November

 

Switzerland Real Retail Sales (YoY) came in at 0.7%, above forecasts (-0.4%) in October

Switzerland Real Retail Sales (YoY) came in at 0.7%, above forecasts (-0.4%) in October

 

UK Industry: Brexit, weak global demand to hurt UK in 2020

The Confederation of British Industry (CBI) and a manufacturing trade body, Make UK, have made downward revisions to their 2020 UK growth forecasts am

 

AUD/USD still risks a move lower – UOB

FX Strategists at UOB Group see AUD/USD still under pressure although a move to 0.6735 appears to have lost momentum for the time being. Key Quotes 24

 

GBP/USD is enjoying solid support as the elections warm up— Confluence Detector

GBP/USD is trading above 1.29 after opinion polls have shown a narrowing lead for the Conservatives over Labour. With ten days to go until the electio

 

JPY Futures: offered bias still persists

Advanced data for JPY futures markets from CME Group noted open interest rose for yet another session at the end of last week. Volume, too, increased

 

ECB’s De Guindos: It is better to be united on governing council decisions

The European Central Bank (ECB) Vice President Luis De Guindos crossed the wires last minutes, via Reuters, with the key headlines found below. It is

 




Further rangebound not ruled out in GBP/USD – UOB

In view of FX Strategists at UOB Group, Cable is still seen within a consolidative phase in the near-term. Key Quotes 24-hour view: “GBP traded betwee

 

USD/CHF seen failing in the 1.0014/28 area – Commerzbank

Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the upside momentum in USD/CHF to fail in the 1.0014/28 band. Key Quot

 

Russia HSBC Manufacturing PMI : 45.6 (November) vs previous 47.2

Russia HSBC Manufacturing PMI : 45.6 (November) vs previous 47.2

 

GBP Futures: further upside looks likely

CME Group’s flash figures for GBP futures markets showed investors added nearly 2.2K contracts to their open interest positions on Friday, recording t

 

Turkey Quarterly Gross Domestic Product below forecasts (1%) in 3Q: Actual (0.9%)

Turkey Quarterly Gross Domestic Product below forecasts (1%) in 3Q: Actual (0.9%)

 

Forex Today: China lifts mood, Boris and Merkel in trouble, critical data kicks off December

Here is what you need to know on Monday, December 2: The market mood is positive after the Chinese Caixin Manufacturing Purchasing Managers’ Index bea

 

Australia: Dwelling approvals weaken – Westpac

Matthew Hassan – Chief Economist at Westpac Banking Corporation – offered his take on Monday’s disappointing Aussie housing market data, wherein build

 

Germany: Political slip hazard – ING

In the view of the analysts at ING bank, “the result of the SPD leadership race will increase tensions within the German government”. Key Quotes: “On

 

Chinese PMIs show stronger economy – Danske Bank

Analysts at Danske Bank offered their take on the official Chinese Manufacturing PMI released over the weekend, which showed an unexpected jump in Chi

 

EUR/USD: diminishing odds for a test of 1.0965 – UOB

A potential move to the 1.0965 level in EUR/USD seems to have lost some traction as of late, in opinion of FX Strategists at UOB Group. Key Quotes 24-

 

China’s ForeignMin: Sanctioned US NGO human rights watch for supporting violent activities in Hong Kong

Reuters is out with the latest statement from the Chinese Foreign Ministry, citing that Beijing has suspended the review of the request for American m

 

UK: Magic money please – Standard Chartered

According to Christopher Graham – Economist, Europe at Standard Chartered Bank – the Conservative and Labour parties’ election manifestoes present ver

 




EUR Futures: scope for extra gains

Open interest in EUR futures markets increased by more than 1K contracts on Friday, clinching the second consecutive build at the same time according

 

FX option expiries for Dec 2 NY cut

FX option expiries for Dec 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.0995 751m 1.1100 539m – GBP/USD: GBP

 

EUR/USD could attempt some consolidation near-term – Commerzbank

In view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, some consolidation in the pair is not ruled out in the short-term h

 

BoK expected to remain on hold in the near term – UOB

Economist Ho Woei Chen, CFA at UOB Group, reviewed the recent decision by the BoK to keep the key interest rate unchanged. Key Quotes “Bank of Korea (

 

US Dollar Index parked around 98.30 ahead of ISM

The greenback, when tracked by the US Dollar Index (DXY), is alternating gains with losses around the 98.30 region at the beginning of the week. US Do

 

Forex Today: Kiwi rallies hard on surprise China turnaround; eyes on Lagarde, PMIs

Signs of stabilization in the Chinese economy, in the wake of a surprise upturn in the world’s second-largest economy’s manufacturing sector activity,

 

USD/CAD stays positive beyond 200-day SMA ahead of US/Canada PMIs

USD/CAD takes the bids to 1.3295 during a pre-European session on Monday.

 

Daily Market Roundup (December 02, 2019) – By DailyForex

For more daily news and technical analysis visit: https://www.dailyforex.com

 

Cheer Up

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Have a nice trading!




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