Heads-up News 

New York Trading Session Heads Up Monday, February 11, 2019

New York opening news digest

11 Ways To Save Company Money For Economic Emergencies

Members of Forbes Finance Council discuss strategies for keeping your business afloat when the economy hits tough times.

 

Not Your Father’s Cannabis

Women are an increasingly important segment of cannabis users.

 

Agile Starts At The Top

Chances are, no organization will ever become truly successful if it doesn’t have a leadership team that is fully Agile themselves and that, good leaders of the future are of a DevOps mindset and genuinely Agile at heart.

 

EUR/USD Volatility, The Good News and Bad News

Volatility in the Euro hasn’t been very kind to directional traders in recent months, but it’s at an extreme that suggests we’ll see a move,

 

FTSE Chart Analysis – Resistance May Continue to Keep a Lid on the Market

The FTSE’s climb was halted at resistance last week, and with today’s push higher it is being revisited again already; but can it climb above

 

Sterling (GBP) Struggles After Weak Q4 UK GDP Data

UK Q4 GDP data disappointed, turning negative on a month-on-month basis, leaving Sterling under renewed downside pressure.

 

Crude Oil Price: US-China Trade Fears Capping Crude Oil For Now

Crude oil remains stuck in a range, but still keeping recent gains, as waning supply battles with heightened US-China trade war fears.

 

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

 

GBP/USD Eyeing UK Data Dump – Brexit Update: Debate on Friday?

GBP/USD is holding steady as traders wait for the UK’s data dump which includes GDP and Industrial Production. This week, parliament may hold a debate

 

GBP/USD sticks to dismal UK data-led weakness, around 1.2900 handle

•  Disappointing UK macro data further dents the already weaker sentiment around GBP.

   •  A modest USD pull-back from multi-week tops helped lim

 

EM: Watching the trade talks – Rabobank

According to Piotr Matys, EM FX strategist at Rabobank, this week’s another round of trade negotiations between the US and China will set the tone for

 




UK PM Spokesman: Meaningful vote on Brexit won’t be this week

The UK PM Theresa May’s spokesman, James Slack was out on the wires in the last hour, via Reuters, saying that the government will bring a vote on Bre

 

UK: Disappointing data dump – TDS

According to analysts at TD Securities, this morning’s UK activity data dump was categorically disappointing, with declines registered across all majo

 

Gold Technical Analysis: Fails to capitalize on Friday’s bullish break through descending trend-channel

•  The precious metal struggled to build on Friday’s bullish breakthrough a descending trend-channel and has now erased a major part of the gains r

 

AUD/USD struggles for direction in the 0.7080 area

The Aussie Dollar is alternating gains with losses at the beginning of the week, now taking AUD/USD to the 0.7080 region after bottoming out around 0.

 

USD/JPY Technical Analysis: Set-up favours a move towards 55-DMA/61.8% Fibo. confluence hurdle

•  The pair finally broke out of its multi-day consolidative trading range, held over the past one week or so, and jumped to fresh YTD tops during

 

UK’s Johnson: UK needs an Irish backstop exit mechanism for Brexit deal

In an interview with BBC Radio earlier today, former British Foreign Secretary Boris Johnson noted that the UK government needs to secure changes to B

 

RBNZ: Market pricing has become even more dovish – Westpac

According to analysts at Westpac, RBNZ pricing fell further last week following the RBA’s shift from a distant tightening bias to a neutral one, and i

 

WTI trims losses, re-takes $ 52.50 amid US-China trade optimism

WTI (oil futures on NYMEX) kicked-off the week on a negative note and remained on the back foot, as the sentiment was dented by a rise in the US rigs

 

GBP/USD breaches 1.2900 on poor UK data

The offered bias is now picking up pace around the Sterling and is forcing GBP/USD to revert initial gains and re-focus on the downside.

GBP/USD chal

 

UK: Growth slowed to 0.2% in 4Q – ING

James Smith, developed markets economist at ING, points out that the UK growth slowed to just 0.2%, a stark contrast to the 0.6% reading seen during t

 

RBA: Dovishness reflected in pricing but cut is unlikely – Westpac

According to analysts at Westpac, the RBA’s recent shift to neutral is significant because it clearly establishes that the Bank is prepared to contemp

 

Eurozone: Slowdown is evident – BNP Paribas

In view of analysts at BNP Paribas, Eurozone’s slowdown is becoming increasingly evident, especially in the German economy, which has suffered from on

 




EUR/GBP refreshes session tops on dismal UK macro data, lacks follow-through

•  Dismal UK macro data prompts some fresh selling around the British Pound.

   •  Upside remains capped amid fears of an economic slowdown in the

 

UK manufacturing production arrives at -0.7% m/m in Dec, a negative surprise

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Monday, with the overall industrial activity

 

United Kingdom Total Trade Balance down to £-3.229B in December from previous £-2.904B

United Kingdom Total Trade Balance down to £-3.229B in December from previous £-2.904B

 

USD/JPY struggling at 110.00 – Commerzbank

In view of Axel Rudolph, analyst at Commerzbank, USD/JPY pair is sitting just below the 110.00 resistance level and the Elliott wave count continues t

 

United Kingdom Index of Services (3M/3M) above forecasts (0.3%) in December: Actual (0.4%)

United Kingdom Index of Services (3M/3M) above forecasts (0.3%) in December: Actual (0.4%)

 

United Kingdom NIESR GDP Estimate (3M) came in at 0.2% below forecasts (0.3%) in January

United Kingdom NIESR GDP Estimate (3M) came in at 0.2% below forecasts (0.3%) in January

 

UK Q4 Prelim GDP arrives at 0.2% q/q, bang on expectations

The UK GDP first estimate showed that the GDP figures came in at 0.2% q/q in the fourth quarter of 2018, down from 0.6% seen in the third quarter, whi

 

United Kingdom Manufacturing Production (MoM) below expectations (0.2%) in December: Actual (-0.7%)

United Kingdom Manufacturing Production (MoM) below expectations (0.2%) in December: Actual (-0.7%)

 

United Kingdom Total Business Investment (YoY) registered at -3.7%, below expectations (-2.9%) in 4Q

United Kingdom Total Business Investment (YoY) registered at -3.7%, below expectations (-2.9%) in 4Q

 

United Kingdom Total Business Investment (QoQ) registered at -1.4%, below expectations (0.2%) in 4Q

United Kingdom Total Business Investment (QoQ) registered at -1.4%, below expectations (0.2%) in 4Q

 

United Kingdom Goods Trade Balance below expectations (£-12B) in December: Actual (£-12.102B)

United Kingdom Goods Trade Balance below expectations (£-12B) in December: Actual (£-12.102B)

 

United Kingdom Gross Domestic Product (YoY) registered at 1.3%, below expectations (1.4%) in 4Q

United Kingdom Gross Domestic Product (YoY) registered at 1.3%, below expectations (1.4%) in 4Q

 




RBNZ to emphasise “downside risks” – TDS

Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, suggests that for the RBNZ, the central banks of its major trading partners Aus

 

United Kingdom Gross Domestic Product (QoQ) meets forecasts (0.2%) in 4Q

United Kingdom Gross Domestic Product (QoQ) meets forecasts (0.2%) in 4Q

 

United Kingdom Trade Balance; non-EU below forecasts (£-3.592B) in December: Actual (£-3.642B)

United Kingdom Trade Balance; non-EU below forecasts (£-3.592B) in December: Actual (£-3.642B)

 

United Kingdom Industrial Production (MoM) registered at -0.5%, below expectations (0.2%) in December

United Kingdom Industrial Production (MoM) registered at -0.5%, below expectations (0.2%) in December

 

Central banks are buying the most gold since the end of the Second World War — here’s why

Central banks are buying up gold at a rate not seen since the end of WW2 as concerns about geopolitics see a shift in appreciation for the asset.

 

Earnings season has sparked a comeback in a once-hot trade that was left for dead

Wall Street has shrugged off a shaky earnings season. JPMorgan says that means investors have an opportunity to revisit a risk but lucrative trade.

 

Wall Street and Alexandria Ocasio-Cortez are on the same side for once — they’re piling skepticism onto credit-ratings firm Equifax

The “dice game” of the “broken” credit score industry has also lured short sellers, sending bearish bets in Equifax to a 17-month high.

 

There’s now clear proof the threat of no deal Brexit is hurting the UK economy

The British economy grew just 0.2% in the final quarter of 2018, as businesses continued to stifle investment.

 

Stocks are rallying before fresh trade war talks between the US and China kick off

It looks set to be a busy week in markets, with fresh trade talks between the US and China, and the possibility of a fresh government shutdown.

 

McDonald’s to add McCafé Donut Sticks to the menu

McDonald’s Corp. MCD, -0.30% said Monday that it will be adding McCafé Donut Sticks to the menu for a limited time starting Feb. 20. McCafé Donut Stic

 

Regeneron, Sanofi to offer new Praluent high cholesterol drug options at 60% discount

Regeneron Pharmaceuticals Inc. REGN, +0.10% and Sanofi SNY, +0.31% said Monday that Praluent, used to treat high cholesterol, will be available at abo

 

Morgan Stanley to buy Canada’s Solium Capital for $900 million in cash

Morgan Stanley MS, -1.62% said Monday it has reached an agreement to acquire Solium Capital Inc. ]s: ca:sum] in a deal with an equity value of C$1.1 b

 




Ingersoll-Rand plans to buy Precision Flow Systems for $1.5 billion

Ingersoll-Rand PLC IR, +0.69% said Monday it plans to buy Precision Flow Systems (PFS) for $1.45 billion from funds advised by Carlyle Group LP CG, -1

 

Burger King parent Restaurant Brands beats profit, same-store sales expectations

Restaurant Brands International Inc. QSR, +0.63% reported Monday a fourth-quarter profit and same-store sales that beat expectations. Shares of the Bu

 

UK Q4 GDP – Brexit Worries Hitting UK Economy

UK month-on-month economic growth turns negative as ongoing Brexit fears bite harder. -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirma…

 

Monday market update – 11th February 2019

David talks about the optimism surrounding US-China trade talks even though nothing has been achieved yet, and discusses the week’s major events. Get the lat…

 

Cheer Up

Adage:

Volume Spike – (an open position) confirmation that you are either the smartest person or the biggest idiot on Earth; (no positions are open) confirmation that you are the smartest person on the planet, but you were not paying attention.

Cartoon:


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Have a nice trading!




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