Heads-up News 

New York Trading Session Heads Up Friday, June 14, 2019

New York opening news digest

U.K. Business Must Accelerate No-Deal Preparations, It’s Not Any Better In Germany or France

Business in the U.K. and EU are poorly prepared for a no-deal Brexit. That is a worry as it is looking increasingly likely as the outcome.

 

Debunking The Myths Of Just Investing

What is the role of the investment community in tackling the country’s pressing social, health, economic, and environmental challenges?

 

Dow Jones and S&P 500, Consolidate or Roll Over?

After propelling higher off the monthly low the market is acting well so far, with limited selling resulting in a shallow retracement.

 

Bitcoin (BTC) Price Probing a Fresh 13-Month High

Recent bullish price-action suggests that Bitcoin is looking to make a new 13-month high above $9,080

 

GBP/JPY Price: Bears Need a Break Below the Weekly Support

Boris Johnson’s growing chances to be the UK’s next PM weigh on Sterling (GBP) price. Eyes on BOE Governor Carney’s speech today

 

Euro (EUR) Battles Record Low Euro-Zone Inflation Expectations

The single currency remains under downside pressure as 5-yr/5-yr Euro-Zone inflation expectations hit another record low, leaving the ECB in a precarious situation.

 

Gold Price Analysis: Fresh 2019 Highs Sees 5yr Trendline on Verge of Breaking

Gold Price Analysis: Fresh 2019 Highs Sees 5yr Trendline on Verge of Breaking

 

Crude Oil Prices May Fall as Soft US Data Compounds Risk Aversion

Crude oil prices rose amid worries about an escalating conflict between the US and Iran, but soggy economic data might weigh as global slowdown fears cool demand bets.

 

When are US monthly retail sales figures and how could they affect EUR/USD?

Friday’s US economic docket highlights the release of monthly retail sales figures for the month of May, scheduled at 12:30 GMT. Following the previou

 

India FX Reserves, USD rose from previous $421.87B to $423.55B in June 7

India FX Reserves, USD rose from previous $421.87B to $423.55B in June 7

 

USD/JPY stays calm near 108.20 ahead of US retail sales data

The USD/JPY pair is having a tough time setting its next short-term direction on Friday as the risk-off flows allow the safe-haven JPY to stay resilie

 




US: Focus on retail sales and industrial production – TDS

Analysts at TD Securities are expecting a firm increase in the US auto sales to be the main driver behind a 0.8% rise in retail sales for May (market:

 

Forex News – FXstreet

Real-time forex news and the latest trading updates. What you need to know now about the GBP, Dollar, Yen, Euro and minors.

 

AUD/USD technical analysis: Oversold conditions helped limit further losses, but only for the time being

Friday’s mixed Chinese macro data painted a fairly gloomy picture of the world’s second-largest economy and raised concerns over the health of the glo

 

USD/TRY closing in to 6.00 as US-Turkey tensions escalate

The Turkish Lira is extending its move lower so far this week and is lifting USD/TRY to fresh tops beyond the 5.9300 handle. USD/TRY now targets 6.00

 

Australia: Soft 2019 to be followed by a better 2020 – ANZ

According to analysts at ANZ, 2019 has started on a soft note for the Australian economy, with GDP growth of just 0.4% q/q in Q1, while the second qua

 

Russian Central Bank cuts key interest rate to 7.5% from 7.75%

Central Bank of Russia today announced that it cut the policy rate to 7.5% from 7.75%. Developing story…

 

Russia Interest rate decision meets forecasts (7.5%)

Russia Interest rate decision meets forecasts (7.5%)

 

GBP/JPY drops to 1-1/2 week low, below 137.00 mark ahead of Carney

The GBP/JPY cross tumbled below the 137.00 handle to hit 1-1/2 week lows in the last hour, albeit managed to recover few pips thereafter. The cross ex

 

EU: Gathering more information on accusations against Iran over tanker attacks

A spokeswoman for the European Commission crossed the wires in the last minute saying that the EU calls for maximum restraint and continues to gather

 

EUR/USD under pressure, drops to lows near 1.1260 ahead of US data

Further selling pressure is now weighing on the shared currency and dragging EUR/USD to new weekly lows in the 1.1260 zone. EUR/USD focused on data, I

 

CNY: Weakness contained – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO, suggests that after last year, a 10% depreciation of the yuan versus USD helped to mitigate the im

 

UK: PM candidate Hancock withdraws from the race

Matt Hancock, one of the candidates to succeed British Prime Minister Theresa May, has recently announced his decision to withdraw from the Conservati

 




Portugal Consumer Price Index (MoM): 0.1% (May)

 

Portugal Consumer Price Index (YoY) fell from previous 0.5% to 0.4% in May

Portugal Consumer Price Index (YoY) fell from previous 0.5% to 0.4% in May

 

Eurozone: Economy at inflection point – Danske Bank

In view of analysts at Danske Bank, for the Eurozone economy, recession risk remains low despite a tougher external environment, which will remain a d

 

China: Trade conflict important driver of trade growth – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO, suggests that the weakening of Chinese exports and imports since end-2018 is to a large extent dri

 

Italy Consumer Price Index (EU Norm) (YoY) in line with forecasts (0.9%) in May

Italy Consumer Price Index (EU Norm) (YoY) in line with forecasts (0.9%) in May

 

Italy Consumer Price Index (EU Norm) (MoM) meets forecasts (0.1%) in May

Italy Consumer Price Index (EU Norm) (MoM) meets forecasts (0.1%) in May

 

Italy Consumer Price Index (YoY) below forecasts (0.9%) in May: Actual (0.8%)

Italy Consumer Price Index (YoY) below forecasts (0.9%) in May: Actual (0.8%)

 

Italy Consumer Price Index (MoM) registered at 0%, below expectations (0.1%) in May

Italy Consumer Price Index (MoM) registered at 0%, below expectations (0.1%) in May

 

GBP/USD technical analysis: Flirting with weekly lows, remains vulnerable to slide further

Meanwhile, technical indicators on hourly & daily charts maintained their bearish bias, adding credence to the negative outlook supporting prospects f

 

IEA monthly oil report: 2019 oil demand growth forecast cut by 100,000 bpd

In its latest monthly report on the oil market, the International Energy Agency (IEA) revised down the 2019 oil demand growth forecast by 100,000 bpd

 

Germany: In the crosswinds of trade war – Danske Bank

According to analysts at Danske Bank, a rocky road still lies ahead for the German economy in the near-term with renewed headwinds to external demand,

 

EUR/SEK tumbles to 4-day lows near 10.6300 post-CPI

The Swedish Krona is now rapidly appreciating vs. its European peer, forcing EUR/SEK to drop and print fresh 4-day lows in the sub-10.6400 area. EUR/S

 




USD/CAD sticks to modest gains, bulls await a sustained move beyond 100-DMA

The USD/CAD pair is currently placed at the top end of its weekly trading range, with bulls still awaiting a sustained move back above 100-day SMA. Af

 

China: Downward revision to forecasts – ANZ

ANZ analysts have decided to revise their GDP forecast for Chinese economy to 6.2% for 2019 (-0.2ppt) and 6.0% for 2020 (-0.1ppt) as the economic data

 

Global outlook has deteriorated – NAB

In view of analysts at National Australia Bank, the global outlook has deteriorated as the financial markets hit a pothole in May following an escalat

 

CWS Market Review – June 14, 2019 Crossing Wall Street

The big news this week came on Sunday night, when Raytheon and United Technologies announced a merger agreement. This is exciting news, but the detail

 

Investors focused on stock market fundamentals have developed ‘quant envy,’ and some executives say they’re making a critical mistake

Barry Hurewitz, global head of UBS Evidence Lab Innovations, said some fundamental investors have what he calls “quant envy”.

 

Oil is being propped up by Middle East tensions after the US used video to blame Iran for tanker attacks | Markets Insider

Oil prices on Friday were pushed and pulled between competing drivers of Iran tensions and a supply glut.  
Thursday’s attacks on two oil tanker…

 

JetBlue enters $125 million accelerated stock buyback deal with Goldman Sachs

JetBlue Airways Corp. said Friday it has entered into an accelerated share repurchase (ASR) agreement with Goldman Sachs for the repurchase of $125 million…

 

Are base metals set to rise?

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 With the news that China is once again considering funding local government infrastruc…

 

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