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New York Trading Session Heads Up Monday, January 14, 2019

New York opening news digest

DAX 30 & CAC 40 Technical Forecast – Looking for More Near-term Weakness

Eurozone equities have weakened a bit the past couple of sessions, expecting more of a this in the near-term as the bounce off the lows

 

Crude Oil Analysis: Crucial Support Broken, Room for Further Losses

Crude Oil Analysis: Crucial Support Broken, Room for Further Losses

 

Sterling (GBP): PM May Drinking in The Last Chance Saloon

The UK government is trying to force through their unpopular Brexit bill by claiming that the UK is more likely to stay in the EU

 

USD/JPY Flash-Crash Rebound Looks to U.S. Retail Sales for Fuel

Data prints coming out of the U.S. economy may fuel the USD/JPY rebound following the flash-crash if the developments instill an improved outlook for growth

 

Asia: Dovish twist in the larger economies – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO, suggests that with slowing Asian growth, downside risks have risen, and the question arises whethe

 

Sweden: Upside surprise in inflation – TDS

Analysts at TD Securities explains that Sweden’s December inflation report came out largely in line with expectations, with a slight upside surprise f

 

UK PM May boosts Pound ahead of Brexit vote

UK PM May has spoken about her Brexit deal ahead of tomorrow’s Parliamentary vote. Among the most relevant things she mentioned were:

Government do

 

UK: EU letter to May in focus – TDS

Analysts at TD Securities suggest that the EU is expected to publish a joint Juncker/Tusk letter to Theresa May today assuring her that the Irish bord

 

China: Aiding global slowdown? – Capital Economics

Neil Shearing, group chief economist at Capital Economics, suggests that according to their China Activity Proxy (or CAP) indicator, Chinese growth is

 

EUR/USD stays depressed near 1.1450 post-EM data

The demand for the European currency remains depressed on Monday and is now forcing EUR/USD to drop and test fresh lows in the mid-1.1400s.

EUR/USD o

 

Eurozone: Industrial production plummets in November – ING

Bert Colijn, senior economist at ING, points out that Eurozone’s industrial production declined by -1.7% MoM in November and by -3.3% compared to Nove

 




WTI fades the uptick above $ 51, China trade slump weighs

The bears fought back control and knocked-off WTI (oil futures on NYMEX) back below the 51 handle, as a sharp drop in exports and imports in the world

 

Asia: Moderate growth slowdown to continue – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO, expects Asia’s regional GDP growth to fall from an average 6.2% in 2018 in annual terms to 6% in 2019 and

 

DUP’s Dodds: EU’s letter offering reassurances on backstop ‘does not go far enough’

Northern Irish Democratic Union Party (DUP) member Nigel Dodds was reported by Reuters, as saying that EU’s letter offering reassurances on backstop ‘

 

EUR/USD Technical Analysis: Spot appears consolidative around the 100-day SMA

EUR/USD daiy chart

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:

    Today Last Price: 1.1462

    Today Daily change: -1.0 pips

    Today Da

 

Eurozone: Weakness to extend to the first half of 2019? – Nordea Markets

Analysts at Nordea Markets think that the Eurozone economy will take time for any rebound to materialise and expects the first half of the year to be

 

European Monetary Union Industrial Production s.a. (MoM) came in at -1.7%, below expectations (-1.5%) in November

European Monetary Union Industrial Production s.a. (MoM) came in at -1.7%, below expectations (-1.5%) in November

 

European Monetary Union Industrial Production w.d.a. (YoY) registered at -3.3%, below expectations (-2.3%) in November

European Monetary Union Industrial Production w.d.a. (YoY) registered at -3.3%, below expectations (-2.3%) in November

 

China December crude oil imports jump in December – China Customs

According to the data released by the General Administration of China Customs, China’s crude oil imports surged sharply in the month of December, desp

 

Indonesia: No urgency to hike – TDS

Analysts at TD Securities expect no change in policy from Bank Indonesia at its meeting on 17 January.

Key Quotes

“At the policy meeting on 20 Decem

 

Eurozone: A perfect storm of negative hits – Nordea Markets

According to analysts at Nordea Markets, Euro-area economy will lead to a slowdown towards 1% in 2019 after it suffered a series of negative shocks du

 

EUR/GBP: Further weakness – Commerzbank

Karen Jones, analyst at Commerzbank, explains that the EUR/GBP cross has eroded the .8941 October high, suggesting further weakness to the 200 day ma

 

Saudi Arabian OilMin Al-Falih: Will attend OPEC+ meeting in Baku

Saudi Arabian Energy Minister Al-Falih was on the wires last minutes, via Reuters, confirming that he will attend the OPEC and its allies (OPEC+) meet

 




US Dollar Index sidelined around 95.60, looks to trade, data

The greenback, in terms of the US Dollar Index (DXY), is posting small losses at the beginning of the week around the 95.60 zone.

US Dollar Index sup

 

GBP/USD swings back to 1.2840, eyes on Brexit vote

The GBP/USD pair is seen reversing a dip to 1.2817 daily lows, reached following the reports that the European Union (EU) will issue a later on backst

 

USD/JPY: Negative bias below 109.09 – Commerzbank

Karen Jones, analyst at Commerzbank, USD/JPY pair is likely to remain offered, while capped by the 109.09 resistance and is currently consolidating ju

 

Markets: A busy first half of the year for politics – Standard Chartered

Philippe Dauba-Pantanacce, senior economist at Standard Chartered, suggests that India’s general elections in April-May is likely to have a highly unc

 

Germany: Bigger problems than a short-term glitch – Nordea Markets

In view of analysts at Nordea Markets, the problems of the German car manufacturers due to difficulties with the certification of new cars hit the Ger

 

Sweden Consumer Price Index (YoY) in line with expectations (2%) in December

Sweden Consumer Price Index (YoY) in line with expectations (2%) in December

 

Sweden Consumer Price Index (MoM) meets forecasts (0.4%) in December

Sweden Consumer Price Index (MoM) meets forecasts (0.4%) in December

 

UK TradeMin Fox: Default policy would be for UK to leave with no-deal on March, 29th

The UK Trade Minister Liam Fox is on the wires now, via Reuters, noting that the default policy would be for the UK to leave with no-deal on March, 29

 

EUR/USD clinches to gains near 1.1470

After moving to daily highs near 1.1480 during overnight trade, EUR/USD has come under some selling pressure and tested the mid-1.1400s, or session lo

 

Dollar firm as kiwi and aussie slip on profit taking

The dollar climbed against most of its major rivals on Monday, however increased investor expectations that the Federal Reserve will stop raising rates this year are most likely to cap the greenback’s gains.

 

Stocks are falling after a fresh set of horrible data out of China reignited worries about the global economy

Trade data showed that the value of Chinese imports and exports fell heavily in the year to December. The Nasdaq is set to decline about 0.9%.

 

America’s love for SUVs caught US carmakers off guard. Now, overcapacity is looking eerily similar to the era before the auto bailout

Overcapacity is crippling the US automotive industry during what should be a boom time for carmakers.

 




Here comes Citi …

Citigroup is reporting results from the fourth quarter of 2018.

 

The market is flashing a scary new parallel to the financial crisis that should have everyone worried

The US Treasury department is seeing the lowest level of auction demand since 2008, which can be construed as a financial-crisis signal.

 

Here’s what will happen after the death of the magical number underpinning $350 trillion in trades

Libor, crucial to the credit-based economy and to trillions in derivatives, is due to die by the end of 2021. Now comes the hard part.

 

Aurora Cannabis to buy Whistler Medical Marijuana in a $132 million stock deal

Shares of Aurora Cannabis Inc. ACB, +7.41% gained 0.8% in premarket trade Monday, after the Canada-based company announced a deal to buy Whistler Medi

 

Crocs raises Q4 revenue guidance after ‘best fourth quarter in years’

Crocs Inc. shares CROX, -0.45% surged 3.8% in premarket trade Monday, after the maker of casual footwear raised guidance for the fourth quarter and sa

 

Abercrombie & Fitch’s stock surges after Q4 sales outlook

Shares of Abercrombie & Fitch Co. ANF, +4.41% surged 5.2% in premarket trade Monday, after the apparel retailer affirmed its fourth-quarter outlook. T

 

At Home backs Q4 EPS and sales guidance

At Home Group Inc. HOME, +3.11% said Monday it expects fourth-quarter earnings to come in at the high end of its guidance. “We are pleased with the co

 

Tailored Brands lowers Q4 guidance as Jos. A. Bank sales fall short

Tailored Brands Inc. TLRD, +0.48% lowered its fourth-quarter guidance on Monday, after same-store sales at its Jos. A. Bank mens clothing chain came i

 

Gannett’s stock soars after MNG’s unsolicited buyout bid, valuing the USA Today publisher at over $13 billion

Shares of Gannett Co. Inc. GCI, +0.52% rocketed 20% toward an 8-month high in premarket trade Monday, after the media company and publisher of the USA

 

PG&E’s stock loses half its value after plan to file for bankruptcy

Shares of PG&E Corp. PCG, -0.96% plummeted 55% in premarket trade Monday, after the gas and electric company said it plans to file for bankruptcy on o

 

Newmont announces $10 billion all-share deal to buy rival Goldcorp

Shares of Goldcorp Inc. GG, +0.52% surged 13% in premarket on Monday after Newmont Mining Corp. NEM, +0.17% said it will buy all outstanding common sh

 

ملخص اسواق العملات ليوم الاثنين 2019/01/14 من موقع ديلي فوركس

لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/

 




Daily Market Roundup (January 14, 2019) – By DailyForex

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

 

Monday market update – 14th January 2019

David talks about the decline in European stocks due to the poor Chinese trade figures, and looks ahead to the week ahead. Get the latest daily analysis on k…

 

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Have a nice trading!




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