London opening news digest
|Gold prices may fall if US officials avoid another government shutdown, boosting bond yields alongside risk appetite. Crude oil prices may struggle for direction however.|
|Asia Pacific stocks extended the upbeat mood in markets after it seemed that the US might not reenter a shutdown. Despite its impressive rally, the|
|AUD/JPY may encounter difficulty breaching a key resistance at 79.055 after Dovish comments from the RBA sent the Aussie down.|
|Finally some respite for the single currency. After printing fresh 2019 lows in the 1.1270 region at the beginning of the week, EUR/USD has managed to|
|According to Karen Jones, analyst at Commerzbank, GBP/USD pair came under pressure after it failed to make any impression on the 20 day ma at 1.2999.|
|• Better NAB business survey results prompted some short-covering move.
• A modest USD retracement/US-China trade optimism remained supportiv
|In the view of the HSBC’s Metals and Mining Equities team, the recent upsurge in iron-ore prices is unsustainable and likely to fizzle out in the comi|
|Analysts at Westpac suggest that developments over the past two months in the Brexit ‘debate’ have led them to revise up their forecast profile from a|
|BBC News is now reporting that the UK PM Theresa May is likely to urge the lawmakers to hold on their nerve to get a Brexit deal from the European Uni|
|Analysts at Danske Bank note that the White House Adviser Kellyanne Conway told Fox News yesterday that it ‘absolutely’ looked like a deal to end the|
|Flash data for JPY futures markets from CME Group noted open interest declined for the third session in a row, this time by nearly 1.3K contracts on M|
|• Gains traction for the second straight session amid the continuation of the recent USD rally.
• US-China trade optimism/risk-on mood dent J
|Former Federal Reserve Chairman Paul Volcker told Bridgewater co-chief investment officer Ray Dalio, in a podcast video released on Tuesday, he is unh|
|According to Karen Jones, analyst at Commerzbank, EUR/USD pair continues to weigh on key support in the 1.1315-1.1265 band, which is the 2016-2019 upt|
|FX option expiries for Feb 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
– EUR/USD: EUR amounts
– GBP/USD: GBP amo
|Open interest in GBP futures markets shrunk by more than 1.5K contracts on Monday vs. Friday’s final 193,921 contracts, recording the third consecutiv|
|Matthew Hassan, analyst at Westpac, notes that Australian housing finance approvals posted a very weak finish to 2018 with sizeable declines across al|
|CME Group’s preliminary figures for EUR futures markets noted investors added around 3.6K contracts to their open interest positions on Monday from Fr|
|Analysts at TD Securities note that Australia’s NAB business conditions rebounded from +3 to +7 and business confidence rose slightly from +3 to +4.|
|Japan Machine Tool Orders (YoY) declined to -18.8% in January from previous -18.3%|
|Tracked by the US Dollar Index (DXY), the greenback has now receded from YTD tops in the 97.10/15 band but manages well to keep the trade around the 9|
|The risk-on sentiment dominated the Asian trades this Tuesday on the back of the US President Trump’s optimism on the US-China trade deal. The Asian m|
|The Japanese Yen (Yen) weakened against the Euro to near 124.80 ahead of European session starts on Tuesday. The JPY registered losses across the boar|
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