Heads-up News 

London Trading Session Heads Up Tuesday, December 3, 2019

London opening news digest

Small-Cap Fund Offers Way To Invest Amid Trade War

If you thinking of diversifying your portfolio with some foreign stocks that aren’t being affected by the U.S.-China trade war, the Harding Loevner International Small Companies Portfolio (HLMSX) is a good choice.

 

Gold Prices Near Highs as New US Tariff Threat Sinks Risk Appetite

Gold and other haven assets were back in demand as Donald Trump unexpectedly announced new tariffs on industrial metals from Argentina and Brazil

 

Oil Price Outlook Hinges on How OPEC+ Alliance Evolves

Developments coming out of the OPEC meeting are likely to sway the price of oil as the group appears to be on track to extend the ‘Declaration of Cooperation.’

 

France Budget climbed from previous €-109B to €-107.7B in October

France Budget climbed from previous €-109B to €-107.7B in October

 

USD/JPY holds steady above 109.00 handle, lacks follow-through

The USD/JPY pair regained some positive traction on Tuesday and recovered a part of the previous session’s sharp intraday slide to near one-week lows.

 

Moody’s: UK banking outlook changes to negative from stable as operating environment weakens

In a report on the UK banking industry published annually, Moody’s Investors Service on Tuesday, “the outlook for the UK banking system has changed to

 

US to target other countries on trade – Danske Bank

Danske Bank analysts suggest that with a possible phase 1 deal between the US and China, US President Trump has started targeting other countries. Key

 

GBP/USD: Bid in the range – Commerzbank

According to Karen Jones, analyst at Commerzbank, GBP/USD is neutral to positive in its range between its October high at 1.3013 and the current Novem

 

Switzerland Consumer Price Index (MoM) meets forecasts (-0.1%) in November

Switzerland Consumer Price Index (MoM) meets forecasts (-0.1%) in November

 

Switzerland Consumer Price Index (YoY) meets forecasts (-0.1%) in November

Switzerland Consumer Price Index (YoY) meets forecasts (-0.1%) in November

 

French FinMin: EU is ready to respond strongly to latest US tariff threat

French FinMin: EU is ready to respond strongly to latest US tariff threat

 




AUD/USD clings to post-RBA gains, sits near 3-week tops around mid-0.6800s

The AUD/USD pair built on the post-RBA positive momentum and has now climbed to near three-week tops, around the 0.6845-50 region. The pair added to t

 

French Junior EconomyMin: We do not need to retreat on digital tax

 

Turkey Consumer Price Index (YoY) registered at 10.56%, below expectations (11%) in November

Turkey Consumer Price Index (YoY) registered at 10.56%, below expectations (11%) in November

 

Turkey Producer Price Index (YoY) climbed from previous 1.7% to 4.26% in November

Turkey Producer Price Index (YoY) climbed from previous 1.7% to 4.26% in November

 

Turkey Producer Price Index (MoM): -0.08% (November) vs previous 0.17%

Turkey Producer Price Index (MoM): -0.08% (November) vs previous 0.17%

 

Turkey Consumer Price Index (MoM) registered at 0.38%, below expectations (0.7%) in November

Turkey Consumer Price Index (MoM) registered at 0.38%, below expectations (0.7%) in November

 

Gold: Back in the red around $ 1460 amid USD comeback

Gold failed to capitalize on its recent recovery and fell back into the red zone on Tuesday, in response to the broad-based US dollar come back from w

 

Forex Today: Trump’s tariffs weigh on USD before meeting Boris, AUD surges, EUR rising

Global markets are concerned by President Donald Trump’s intention to slap tariffs on French products, worth $2.4 billion, in response to France’s dig

 

China ForeignMin: US’ Pompeo is repeating ‘toxic lies’ about Huawei

Reuters is out with the latest comments from the Chinese Foreign Ministry, as it responds to US Secretary of State Pompeo’s warning to European countr

 

JPY Futures: gains remain limited

CME Group’s preliminary readings for JPY futures markets noted open interest shrunk by around 3.1K contracts on Monday for the first time since Novemb

 

Australia: Consumer Confidence rebounds – ANZ

Australia’s ANZ-Roy Morgan Consumer Confidence rebounded 1.2% from its multi-year low reading last week, its first gain in four weeks, notes the resea

 

GBP Futures: downside in the offing?

Investors trimmed their open interest positions by nearly 2K contracts at the beginning of the week following two consecutive builds, according to fla

 




EUR/USD: Bounce higher – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair did not close below the 1.0989 mid-November low, and this was not a valid break

 

German politics and US trade amongst market movers today – Danske Bank

Danske Bank analysts suggest that today is rather thin in the way of economic global releases and focus will be on the US decision to start targeting

 

EUR Futures: extra gains on the cards

In light of advanced figures for EUR futures markets from CME Group, open interest rose for the third session in a row on Monday, this time by nearly

 

FX option expiries for Dec 3 NY cut

FX option expiries for Dec 3 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1030 1.7b – GBP/USD: GBP amounts 1.2

 

EUR/USD enjoys solid support and may extend its gains – Confluence Detector

EUR/USD has advanced amid USD weakness and has settled closer to 1.11. Where next for the world’s most popular currency pair? The technical lines are

 

RBI expected to cut rates this month – UOB

Economist at UOB Group Lee Sue Ann gave her views on the upcoming interest rate decision by the RBI. Key Quotes “The RBI cut its repurchase rate by 25

 

Japan govt won’t issue deficit-covering bonds to fund stimulus package – Nikkei

The Nikkei Asian Review, a Japanese daily, reports fresh headlines, citing some details on the Japanese economic stimulus package likely to be announc

 

US Dollar Index looks to regain 98.00, focus stays on trade

The greenback, in terms of the US Dollar Index (DXY), is recovering part of Monday’s pullback and is now approaching the key barrier at 98.00 the figu

 

RBA leaves door open to further easing – Barclays

The Barclays Research Team offers its afterthoughts on the Reserve Bank of Australia’s (RBA) rates on-hold monetary policy decision announced earlier

 

EUR/JPY extends six-day winning streak with eyes on trade headlines, ECB’s Coeure

EUR/JPY rises to 120.90 while heading into the European open on Tuesday. The quote is on its seventh day of winning streak.

 

Daily Market Roundup (December 03, 2019) – By DailyForex

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

 

Cheer Up

Adage:

What you are afraid to do is a clear indicator of what you need to do.

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Have a nice trading!




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