Heads-up News 

New York Trading Session Heads Up Friday, August 2, 2019

New York opening news digest

4 High-Yielding Monthly Dividend Stocks To Buy

From retired investors needing to meet living expenses to conservative stockholders who simply wanting a consistent income stream, many investors are attracted to monthly dividend payments. Ned Piplovic, a contributor to MoneyShow.com highlights four-favorite investment offering monthly payments.

 

How to Tell If Your 401(k) Is A Rip-off

Is you mutual fund or 401(k) ripping you off? Here’s how to tell.

 

Japan Ejects South Korea From Export ‘White List’ As Trade Relations Fray

The government of South Korea’s President Moon Jae-in has gone into crisis mode over Japan’s decision Friday to remove Korea from the “white list” of 27 nations given breaks on exports from Japan of more than 1,200 critical items.

 

Trump’s Asian Bankers Hope U.S. Fairs Better Than His Failed Casinos

The Fed is enabling Trumpian policies that will do little to raise U.S. competitiveness. Jerome Powell is effectively facilitating Trump’s China tariffs via easier credit conditions. But looser monetary policy these last 20 years did zero to increase Japanese productivity.

 

Trump Threw Another Sucker Punch, Markets in Turmoil & Bitcoin Skyrocketed

Donald Trump has escalated the war with China and the only question is how bad the retaliation action going to be for the US economy, the dollar index and for the global growth. There is a reason why Bitcoin is going to move higher

 

Li Family’s CK Hutchison And CK Asset Report Rising Profits

The flagship companies controlled by Hong Kong’s second-wealthiest family reported first-half earnings on Thursday that were in line with expectations.

 

Dow Jones Hammered From Resistance, Watch Trend Support

The Dow is rolling over from a long-term slope, trend support is lower; big-picture chart pattern on radar…

 

US NFP Preview: Overshadowed by Trump’s Tariff Hike

The monthly US Labour figures will be closely watched, as ever, but today’s release comes against a gloomy backdrop of heightened US-China trade tensions

 

Canadian Dollar Outlook: USD/CAD a Break above 1.3200 price – What is Next?

USDCAD buyers may need to pay extra attention to these levels

 

Markets Brace For Trump Announcement, GBPUSD Sees Small Rebound

Focus today will be on NFP and US employment data but markets will also keep a close eye on an announcement to be made by Donald Trump on trade relationships with the EU

 

EUR/CHF Outlook: Beware of SNB Currency Intervention

EUR/CHF Outlook: Beware of SNB Currency Intervention

 




Crude Oil Price Slumps After US Increase Chinese Trade Tariffs

The US-China trade war took another negative turn Thursday after US President Donald Trump announced that he would be slapping a 10% tariff on an additional $300 billion of Chinese imports at the start of next month.

 

EURUSD Technical Analysis: Breakdown Eyes Support Below 1.10

The Euro appears to have decisively resolved a conflicted chart setup in sellers’ favor, with prices now poised to challenge support below 1.10 against the US Dollar.

 

US Dollar May Rise on Trump EU Trade Announcement

US Dollar traders will be closely watching US President Donald Trump’s announcement on EU trade and the publication of non-farm payroll data

 

S&P 500 and Dollar Hit as Trump Escalates Trade Wars Day After Fed Volatility

Frustrated by the lack of progress in talks on trade with China, President Trump tweeted an escalation of 10% tariff on another $300bln

 

Emerging Markets, Indonesia, Philippines at Risk to US-China Tariffs

Emerging markets are at risk after US President Donald Trump threatened to raise tariffs on $300b in Chinese goods as stock indexes in Indonesia, the Philippines and Malaysia fall.

 

Brexit Uncertainty Sends EURGBP to 22-Month High: Will it Hold?

Brexit uncertainty has caused EURGBP to spike to an almost 2-year high after the pair briefly retreated to familiar support levels. Will the pair be able to stay above critical support?

 

Gold Prices Ignore US Dollar Rise, Soar on Trade War Escalation

Gold prices surged as US President Donald Trump signaled escalation of the US-China trade war, shrugging off safety-seeking support for the US Dollar.

 

AUD Slumps Ahead of Retail Sales Report as US-China Trade Truce Flops

AUDUSD takes out the June-low (0.6832) ahead of Australia’s Retail Sales report as the trade truce between the US and China appears to be coming to an end.

 

AUD/USD, AUD/JPY May See 2009 Lows if China Retaliates US Tariffs

The AUD/USD, AUD/JPY may reach 2009 lows as US President Donald Trump gave the green light for more tariffs against China. Retaliation may sink the Australian Dollar as the Yen gains.

 

AUD/USD drops to multi-month lows below 0.68 as focus shifts to US employment data

The AUD/USD pair suffered heavy losses on Thursday and closed the 12th straight day in the negative territory as the Aussie came under strong bearish

 

EUR/JPY flirting with 2019 lows near 118.50 ahead of NFP

The increasing demand for the Japanese currency sunk EUR/JPY to fresh yearly lows in the 118.40 region, where some contention appears to have turned u

 

US: ‘Maximum pressure’ strategy continues despite little success – Danske Bank

Danske Bank analysts point out that the US President Trump made another surprise move in the trade war yesterday by putting 10% tariffs on another USD

 




Gold consolidates Thursday’s gains below $1440 ahead of US NFP data

The troy ounce of the precious metal gained more than $25 on Thursday after United States President Donald Trump announced 10% tariffs on the remainin

 

UK: Rebound in Construction PMI – TD Securities

Analysts at TD Securities note that the UK’s construction PMI rebounded from June’s 10-year low of 43.1 to 45.3 in July, though fell short of consensu

 

Canada: Focus on trade data – TD Securities

Analysts at TD Securities suggest that the Canada’s international merchandise trade for June is projected to show a return to a $0.30bn deficit (TD &

 

Eurozone: Strong retail sales data – ING

Bert Colijn, senior economist at ING, notes that the Eurozone’s strong retail sales seem to confirm a reliance on consumption for Eurozone growth with

 

EUR/GBP off daily highs near 0.9170, focused on Brexit

The improved tone around the shared currency is now helping EUR/GBP to extend its rebound from Tuesday’s lows in sub-0.9100 levels. EUR/GBP looks to U

 

USD/CHF technical analysis: Bulls trying to defend previous resistance, now turned support near mid-0.9800s

The global flight to safety, amid resurfacing trade-war fears, underpinned demand for traditional safe-haven currencies – including the Swiss Franc an

 

RBA: Cash rate going sub 1% – ANZ

ANZ analysts suggest that the Reserve Bank of Australia is likely to cut the cash rate further in coming months, but they no longer expect a move at t

 

USD/CAD holds comfortably above 1.3200 mark, NFP in focus

The USD/CAD pair traded with a positive bias for the third consecutive session on Friday and remained well within the striking distance of six-week to

 

Italy Retail Sales s.a. (MoM) came in at 1.9%, above forecasts (0.4%) in June

Italy Retail Sales s.a. (MoM) came in at 1.9%, above forecasts (0.4%) in June

 

Italy Retail Sales n.s.a (YoY) came in at 1.3%, above expectations (0.2%) in June

Italy Retail Sales n.s.a (YoY) came in at 1.3%, above expectations (0.2%) in June

 

European Monetary Union Producer Price Index (MoM) below forecasts (-0.3%) in June: Actual (-0.6%)

European Monetary Union Producer Price Index (MoM) below forecasts (-0.3%) in June: Actual (-0.6%)

 

European Monetary Union Retail Sales (MoM) registered at 1.1% above expectations (0.2%) in June

European Monetary Union Retail Sales (MoM) registered at 1.1% above expectations (0.2%) in June

 




European Monetary Union Retail Sales (YoY) registered at 2.6% above expectations (1.3%) in June

European Monetary Union Retail Sales (YoY) registered at 2.6% above expectations (1.3%) in June

 

European Monetary Union Producer Price Index (YoY) below forecasts (0.8%) in June: Actual (0.7%)

European Monetary Union Producer Price Index (YoY) below forecasts (0.8%) in June: Actual (0.7%)

 

Norway: Unemployment slightly up – Nordea

Kjetil Olsen, analyst at Nordea Markets, notes that Norway’s registered unemployment increased slightly in July as registered unemployment increased s

 

GBP/USD technical analysis: Struggles to register any meaningful recovery, pivots around 1.2100 handle

With technical indicators on hourly charts still struggling to gain positive traction or recover from the oversold territory on the daily chart, it wi

 

China is likely to respond with tariffs and policy easing – Standard Chartered

Standard Chartered analysts note that the US President Trump said on 1 August that the US will impose 10% punitive tariffs on another USD 300bn of Chi

 

EUR/USD Technical Analysis: A test to 1.1000 and possibly below still persists

EUR/USD Overview Today last price 1.1098 Today Daily Change 46 Today Daily Change % 0.13 Today daily open 1.1084 Trends Daily SMA20 1.1193 Daily SMA5

 

US Dollar Index Technical Analysis: Positive surprise at Payrolls could push DXY above 99.00

Dollar Index Spot Overview Today last price 98.23 Today Daily Change 30 Today Daily Change % -0.14 Today daily open 98.37 Trends Daily SMA20 97.5 Dai

 

UK construction PMI rebounds to 45.3 in July vs. 46.0 expected, GBP/USD moves little

The construction sector activity in the UK witnessed a modest rebound in July but remained in the contraction territory for the fifth month in the pr

 

United Kingdom Markit Construction PMI came in at 45.3 below forecasts (46) in July

United Kingdom Markit Construction PMI came in at 45.3 below forecasts (46) in July

 

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Turkey Exports: $18.39B (July) vs $11.09B

 

Turkey Trade Balance rose from previous -3.18B to -3.15B in July

Turkey Trade Balance rose from previous -3.18B to -3.15B in July

 




USD/JPY weakens farther below 107.00 handle, fresh multi-month lows

Having failed to capitalize on its early uptick to 107.25 area, the USD/JPY pair dropped to fresh multi-month lows during the early European session

 

Norway Registered Unemployment s.a came in at 78.6K, above expectations (77.3K) in July

Norway Registered Unemployment s.a came in at 78.6K, above expectations (77.3K) in July

 

EUR/JPY Technical Analysis: Deeper pullback could see 108.23 re-tested

EUR/JPY Overview Today last price 118.6 Today Daily Change 68 Today Daily Change % -0.32 Today daily open 118.98 Trends Daily SMA20 121.15 Daily SMA5

 

CWS Market Review – August 2, 2019 Crossing Wall Street

There was a lot of news this week. Let me give you the highlights up front:

1. On Wednesday, the Federal Reserve cut interest rates by 0.25%. This wa

 

Morning News: August 2, 2019 Crossing Wall Street

China Pledges to Counter Trump’s Threat of More U.S. Tariffs

Chance of No-Deal Brexit Hampers Bank of England’s Powers of Prediction

The CEO of Nasd

 

10 things you need to know before the opening bell | Markets Insider

Here is what you need to know.  1. Global stocks are tanking after Trump tweeted that he would place another round of tariffs on Chinese goods. One an…

 

US farmers are slamming Trump — saying ‘trade policy is not a game’ and China tariffs will plague ranchers for ‘decades’ | Markets Insider

US farmers are slamming Trump’s tariffs after he announced in a tweet that an additional 10% of tariffs would be placed on Chinese goods, on top of the 25…

 

‘Trump kicks markets in the gut’ — US stocks are set for more pain as trade-war fears grip investors again | Markets Insider

Global stocks plunged on Friday, following Thursday’s tumble in US stock markets, after President Trump announced a new wave of tariffs on Chinese goods.&…

 

Amazon is disabling its Dash buttons, the little buttons that let people re-order groceries with a push

Launched in 2015, the gadgets allowed customers to order particular items at the touch of a button. Dozens of brands offered one.

 

This VC’s fund manages $500 million in assets. Here’s why it’s focusing on late-stage companies and how it thinks it can help them take off.

The team at HighBar Partners has plenty of startup experience that can help its investments, said managing director Brian Peters.

 

Jeff Bezos just sold $1.8 billion worth of Amazon shares — here’s our best guess at why

The stock sales are by some accounts Bezos’ largest since starting the company more than 20 years ago, and come at a time when Amazon is facing big threats.

 

UPDATE: Cronos to acquire four Redwood Holding subsidiaries for $300 million in cash and stock

Canadian cannabis company Cronos Group Inc. said Friday it has agreed to acquire four units of Redwood Holding Group LLC, a maker of hemp-derived CBD-infused…

 




Newell Brands shares jump premarket after earnings beat and higher sales guidance

Newell Brands Inc. shares rose 6.3% in premarket trade Friday, after the distributor of consumer goods including Mr. Coffee and Rubbermaid beat profit…

 

Burger King parent Restaurant Brands beats profit and sales expectations

Burger King parent Restaurant Brands International Inc. reported Friday a second-quarter profit and revenue that topped expectations, boosted by…

 

Trump to announce deal on beef exports to EU: report

President Donald Trump will announce a deal to open up the European Union to more beef exports, Bloomberg News reported, citing people familiar with the…

 

Trump set to make announcement on European trade

President Donald Trump on Friday will make an announcement on European Union trade at 1:45 p.m. Eastern, according to the White House’s daily guidance. Trump…

 

European stocks opened with heavy losses after Trump’s China tariff plan

European stocks opened with heavy losses Friday after President Donald Trump said he would impose a 10% tariff on $300 billion worth of Chinese goods,…

 

S&P 500 and Dollar Hit as Trump Escalates Trade Wars Day After Fed Volatility

Trade War Talking Points: • Frustrated by the lack of progress in talks on trade with China, President Trump tweeted an escalation of 10% tariff on another $…

 

Trading the NFP | IG Live

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGco…

 

Cheer Up

Adage:

The trend is your friend, until it turns at the very end.

Cartoon:


Image courtesy: images-na.ssl-images-amazon.com

Have a nice trading!




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