Heads-up News 

New York Trading Session Heads Up Monday, January 7, 2019

New York opening news digest

Does Your Digital CxO Have The Right Bonus Hook?

The only way for the organization to counteract this insidious CxO mandated paralysis short of firing them all and hiring new young blood in their spot, is to do some good old-fashioned incentive re-alignment.

 

Sterling (GBP) Latest: Brexit Vote Confirmed; PM Warns of No-Deal Danger

The UK government has confirmed that MPs will vote on the PM May’s Brexit bill on Tuesday, January 15, and that means increased short-term GBP

 

Key Global Elections to Watch Out For in 2019

Indian general elections are scheduled to take place by May. Back in 2014, the BJP (alliance NDA) led by Narendra Modi won a parliamentary majority fo

 

Crude Oil Price Likely to Push Higher on US – China Trade Hopes

Trade negotiations between the US and China are expected to commence today and financial markets are starting to price-in a positive outcome. And that could

 

DAX 30 & CAC 40 Technical Forecast – More Upside Before Resistance is Met

The DAX and CAC are getting a lift with global equity markets, with the recovery having more more room to go before it runs into

 

GBP/JPY in search of a firm direction, stuck in a range around 138.00 handle

•  The Japanese Yen remains underpinned despite improving risk-sentiment.

   •  Brexit uncertainties hold GBP bulls from placing aggressive bullis

 

CFTC report: USD net longs kept retreating

These are the main highlights of the latest CFTC report for the week ended on December 18:

Speculators kept trimming their USD longs positions, whi

 

UK PM spokesman: May working to get assurances parliament needs on Brexit deal

The UK PM Theresa May’s spokesman, James Slack was out on the wires in the last hour, confirming that meaningful vote on Brexit deal will happen next

 

Chile Trade Balance climbed from previous $334M to $596M in December

Chile Trade Balance climbed from previous $334M to $596M in December

 

USD/JPY finds support near 108.00 ahead of US data, eyes on trade

The softer tone in the greenback coupled with declining US yields forced USD/JPY to drop to lows near 108.00 the figure in early trade, where it appea

 

US: Focus on ISM non-manufacturing and factory orders – TDS

Analysts at TD Securities suggest that the release of ISM Non-Manufacturing and factory orders data are going to be the key economic releases for toda

 




China: Expect 200bps more RRR cuts in 2019 – Standard Chartered

Analysts at Standard Chartered are expecting another 200bps of broad RRR cuts for the rest of 2019 by the PBoC after it announced a broad-based 100bps

 

GBP/USD eases from tops, once again fails ahead of 50-day SMA

•  The prevalent USD selling bias helped build on last week’s strong rebound.

   •  Focus remains on UK Parliament debate/meaningful vote on May’s

 

Chile IMACEC down to 3.1% in November from previous 4.2%

Chile IMACEC down to 3.1% in November from previous 4.2%

 

EU Commission: Brexit deal on table is the only deal possible

The European Commission spokesman Margaritis Schinas was out on the wires in the last hour, reiterating that the Brexit deal on the table is the only

 

BoC to hold the overnight rate steady – TDS

Analysts at TD Securities are expecting the Bank of Canada to hold the overnight rate steady at 1.75% this week, which is already fully priced into ma

 

EUR/USD approaches 1.1450, fresh session peaks

EUR/USD keeps its march north unabated at the beginning of the week and is now flirting with fresh daily highs in the mid-1.1400s.

EUR/USD bolstered

 

Fed: Implied probability of a rate hike in March is now zero – Rabobank

Analysts at Rabobank point out that the implied probability of a Fed rate hike in March is now zero; in May it is 2%; in June 6.9%; and by end-2019 it

 

European Monetary Union Retail Sales (YoY) down to 1.1% in November from previous 1.7%

European Monetary Union Retail Sales (YoY) down to 1.1% in November from previous 1.7%

 

European Monetary Union Retail Sales (MoM) registered at 0.6% above expectations (0.1%) in November

European Monetary Union Retail Sales (MoM) registered at 0.6% above expectations (0.1%) in November

 

Gold clings to modest daily gains, above $1290 level

•  The prevalent USD selling bias helped regain positive traction on Monday.

   •  Fed rate hike pause speculations further underpin the non-yield

 

China: Manufacturing losing further momentum – ABN AMRO

Han de Jong, chief economist of ABN AMRO, points out that China’s business confidence in manufacturing, as measured by their various PMIs has weakened

 

US: Headline inflation likely declined 0.1% in December – NBF

Analysts at National Bank Financial suggest that this week in the U.S, a lot of attention will be focused on the publication of December’s consumer pr

 




European Monetary Union Sentix Investor Confidence came in at -1.5, above expectations (-2.8) in January

European Monetary Union Sentix Investor Confidence came in at -1.5, above expectations (-2.8) in January

 

USD/INR: Rupee to trade in 69-73 – ET Survey

According to an exclusive ET survey of market experts, the Indian National Rupee (INR) is likely to trade in the 69-73 range against its American coun

 

WTI testing 2-week tops near 49.00, up nearly 2%

WTI (oil futures on NYMEX) built onto the Asian bounce and regained the 49 handle in the European trading, in a bid to retest the two-week tops of 49.

 

USD strength could be set to peak – Danske Bank

Morten Helt, senior analyst at Danske Bank, points out that the FX markets were spurred at the end of last week by improved risk sentiment from the co

 

AUD/USD Technical Analysis: Bulls take breather amid overbought conditions on hourly charts

•  The pair built on last week’s strong recovery from almost a decade low and was now seen grinding higher along an intraday ascending trend-channe

 

BoC to maintain a dovish tone – NBF

Analysts at National Bank Financial, suggest that BoC’s monetary policy meeting will be the highlight of the week.

Key Quotes

“In our opinion the Ba

 

Singapore Foreign Reserves (MoM) fell from previous 289.5B to 287.7B in December

Singapore Foreign Reserves (MoM) fell from previous 289.5B to 287.7B in December

 

Italy Public Deficit/GDP dipped from previous 0.5% to -1.7% in 3Q

Italy Public Deficit/GDP dipped from previous 0.5% to -1.7% in 3Q

 

US: Recession time? – Nordea Markets

According to analysts at Nordea Markets, tightening financial conditions seen since early November are putting pressure on the US economy, with wider

 

China SAFE: FX reserves expected to remain overall stable in 2019

The State Administration of Foreign Exchange (SAFE), China’s fx regulator, reported the key comments following the release of China’s fx reserves data

 

US: What has caused the sharp drop of the ISM index? – ABN AMRO

According to Han de Jong, chief economist of ABN AMRO, it is unclear whether the sharp fall in the ISM represents an actual deterioration of business

 

EUR/JPY Technical Analysis: Recovery remains capped near 100-hour SMA/50% Fibo. confluence hurdle

•  The cross struggled to build on last week’s late rebound from flash crash lows and remained capped below an important confluence region, around

 




Morning News: January 7, 2019 Crossing Wall Street

Trump Has Promised to Bring Jobs Back. His Tariffs Threaten to Send Them Away.

Housing Bear Who Called 2018 Slowdown Says Worst Yet to Come

Lilly to

 

A former TD Ameritrade exec wants to make futures trading more accessible to Main Street, and a dozen brokers have signed up

A new trading venue called the Small Exchange is hoping to disrupt the futures market by creating products more accessible for retail investors.

 

Fraud trial kicks off for former Barclays CEO, who could face 10 years in prison for events around the 2008 financial crisis

Early trial proceedings begin for ex Barclays CEO John Varley. It’s part of the UK’s first criminal case pursuing senior bankers for crisis-era events.

 

GOLDMAN SACHS: These 13 stocks are set to soar | Markets Insider

Apple just sounded the alarm on a slowdown in China. Staying away from these 20 stocks could help you avoid the pain, Goldman Sachs says.

 

China stock markets rally on Trump optimism before trade talks: ‘Good things are going to happen’

Officials will begin two days of talks with their counterparts in Beijing on Monday. “I think good things are going to happen” on a deal, Trump said.

 

The blowout jobs report seems to ‘make a mockery’ of recession fears, economist says | Markets Insider

The employment report out Friday flew past economist expectations.
That contrasted with recent talk of an imminent downturn.
Now, questions have emerged …

 

Abiomed’s stock climbs after preliminary revenue reported above expectations

Shares of Abiomed Inc. ABMD, +3.69% rallied 1.1% in premarket trade Monday, after the medical device company reported preliminary fiscal third-quarter

 

Commercial Metals’ stock set to fall after in-line earnings, but sales come up shy

Shares of Commercial Metals Co. CMC, +6.77% were indicated down 2% in premarket trade Monday, after the metals products company reported a fiscal firs

 

Lilly to buy Loxo Oncology in a $8 billion deal, for a 68% premium

Shares of Loxo Onocology Inc. LOXO, +6.75% were indicated up about 33% in premarket trade Monday, after the biopharmaceutical company agreed to be acq

 

U.K. parliament to vote on Brexit deal on Jan. 15: BBC

British lawmakers will vote on Prime Minister Theresa May’s Brexit plan on Jan. 15, the BBC reported Monday, citing government sources. The vote had b

 

ملخص اسواق العملات ليوم الاثنين 2019/01/07 من موقع ديلي فوركس

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

 




Daily Market Roundup (January 07, 2019) – By DailyForex

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

 

Monday market update – 7th January 2019

David discusses the latest US jobs report, US and China trade relations, and looks at the events of week ahead. Get the latest daily analysis on key markets …

 

Cheer Up

Adage:

The stock market cannot be predicted, we can only play the probabilities.

Cartoon:


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Have a nice trading!




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