London opening news digest
|Sentiment-linked currencies like the Japanese Yen may find more market movement than the British Pound if UK GDP data disappoints, stoking global slowdown fears.|
|Crude oil prices may continue to fall after hitting a three-week low if disappointing UK GDP data amplifies fears about a global slowdown in economic|
|Asian stocks were a bit directionless overall as investors looked to yet another round of trade talks between China and the US, set to kick|
|Reuters reports the latest statement from the Chinese Foreign Ministry, citing that it hopes to see a good result from the trade discussions with the|
|In view of analysts at BNP Paribas, US growth is expected to slow to 2.1% this year.
“Trade war uncertainty acts as a drag, the housing m
|Switzerland Consumer Price Index (MoM) in line with expectations (-0.3%) in January|
|Switzerland Consumer Price Index (YoY) in line with expectations (0.6%) in January|
|The UK Economic Data Overview
The UK docket has the monthly and the fourth quarter GDP releases today, alongside the trade balance and industrial pro
|• Combination of factors prompts some short-covering amid near-term oversold conditions.
• The prevalent cautions mood/ongoing USD rally/fres
|Axel Rudolph, analyst at Commerzbank, notes that EUR/USD has recovered from the 2016-2019 uptrend at 1.1315 last week and we have additional support o|
|Norway Consumer Price Index (YoY) below expectations (3.4%) in January: Actual (3.1%)|
|Norway Core Inflation (MoM) below forecasts (-0.1%) in January: Actual (-0.7%)|
|Denmark Inflation (HICP) (YoY) climbed from previous 0.7% to 1.2% in January|
|Norway Producer Price Index (YoY): 4.9% (January) vs previous 7.8%|
|Norway Core Inflation (YoY) registered at 2.1% above expectations (2%) in January|
|Norway Consumer Price Index (MoM) below expectations (-0.1%) in January: Actual (-0.5%)|
|Denmark Consumer Price Index (YoY) up to 1.3% in January from previous 0.8%|
|Flash figures from CME Group for JPY futures markets noted open interest dropped for the second session in a row on Friday, this time by almost 2K con|
|GBP/USD is currently trading at 1.2365 – just short of the downward sloping (bearish) 5-day moving average (MA) at 1.2940, which proved a tough nut to|
|Jonathan Koh, economist at Standard Chartered, estimate Malaysia’s Q4 2018 GDP growth of 4.4% y/y, which is similar to Q3.
|The European Trade Commissioner Cecilia Malmstrom said on Monday, the risk of hard Brexit has risen dramatically.
Meanwhile, Politico reported the la
|William De Vijlder, chief economist at BNP Paribas, points out that the European Commission has joined the IMF and private sector forecasters in revis|
|• The USD stands tall near 6-week tops amid resurfacing US-China trade tensions.
• Traders seemed rather unaffected by the ongoing slide in t
|Open interest in GBP futures markets shrunk by nearly 1.7k contracts on Friday vs. Thursday’s final 196,320 contracts. In the same direction, volume d|
|FX option expiries for Feb 11 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
– EUR/USD: EUR amounts
– USD/CAD: USD amou
|According to CME Group’s preliminary data for EUR futures markets, investors added more than 3.1K contracts on Friday from Thursday’s final 533,033 co|
|Reuters quotes people with close knowledge of the matter, as saying that the US is considering the withdrawal of a vital zero tariffs concession on th|
|This is a press release from German think-tank the Ifo Institute:
The Ifo World Economic Climate deteriorated for the fourth time in succession. In t
|According to analysts at National Bank Financial, the release of the consumer price index for January will attract the most attention as far as US mar|
|Trump advisers have informally discussed holding a summit at Mar-a-Lago next month with Chinese President Xi Jinping, Axios is quoting two administrat|
|Italy’s Economy Minister Tria is on the wires now, via Reuters, responding to the comments delivered by the Italian Deputy Prime Minister (PM) over th|
|India’s oil demand is rising 5 percent annually and is expected to double by 2040, Prime Minister Modi said on Monday, according to Reuters.
|Tracked by the US Dollar Index (DXY), the greenback is adding to recent gains and is now clinching fresh multi-week tops in the 96.70/75 band.
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