Heads-up News 

London Trading Session Heads Up Monday, February 11, 2019

London opening news digest

Japanese Yen May Move More than British Pound on UK GDP Data

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 Price Drop May Continue if UK GDP Data Disappoints

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 Mixed As Trade Concerns Remain Key, USD Higher

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

 

China’s ForeignMin hopes to see good result from the trade discussions with US

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

 

US: Growth uncertainty – BNP Paribas

In view of analysts at BNP Paribas, US growth is expected to slow to 2.1% this year.

Key Quotes

“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 (MoM) in line with expectations (-0.3%) in January

 

Switzerland Consumer Price Index (YoY) in line with expectations (0.6%) in January

Switzerland Consumer Price Index (YoY) in line with expectations (0.6%) in January

 

When are the UK data releases and how could they affect GBP/USD?

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

 

AUD/USD recovers further from Friday’s 1-month lows, sticks to gains near 0.7100 handle

•  Combination of factors prompts some short-covering amid near-term oversold conditions.

   •  The prevalent cautions mood/ongoing USD rally/fres

 

EUR/USD: Market remains underpinned by its 2016-2019 uptrend – Commerzbank

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 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%)

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

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 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 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%)

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%

Denmark Consumer Price Index (YoY) up to 1.3% in January from previous 0.8%

 

JPY futures: further upside appears limited

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 Technical Analysis: 5-day MA is key resistance

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

 

Malaysia: Economy likely expanded at a similar pace to Q3 in Q4 – Standard Chartered

Jonathan Koh, economist at Standard Chartered, estimate Malaysia’s Q4 2018 GDP growth of 4.4% y/y, which is similar to Q3.

Key Quotes

“Private con

 

EU’s Malmstrom: Risk of hard Brexit has risen dramatically

The European Trade Commissioner Cecilia Malmstrom said on Monday, the risk of hard Brexit has risen dramatically.

Meanwhile, Politico reported the la

 

Eurozone: More growth downgrades – BNP Paribas

William De Vijlder, chief economist at BNP Paribas, points out that the European Commission has joined the IMF and private sector forecasters in revis

 

USD/JPY bulls await a sustained move beyond 110.00 handle

•  The USD stands tall near 6-week tops amid resurfacing US-China trade tensions.

   •  Traders seemed rather unaffected by the ongoing slide in t

 




GBP futures: potential rebound on the cards

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

FX option expiries for Feb 11 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

– EUR/USD: EUR amounts

1.1400 675m

– USD/CAD: USD amou

 

EUR futures: rangebound likely near term

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

 

Sources: US considers withdrawal of zero tariffs for India – Reuters

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

 

Ifo world economic climate suffers another setback

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

 

US: Focus on CPI this week – NBF

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

 

Advisers float Trump-Xi Mar-a-Lago summit – Axios

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 Tria: Central bank independence must be protected

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 growing by 5 percent annually – PM Modi

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. 

Key quo

 

US Dollar Index firmer, hits 6-week peaks around 96.70

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.

US Dol

 

Daily Market Roundup (February 11, 2019) – By DailyForex

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

 

ملخص اسواق العملات ليوم الاثنين 11/02/2019 من موقع ديلي فوركس

لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/

 

Cheer Up

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Have a nice trading!




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