New York opening news digest
|FTSE 100 & DAX Break Crucial Support as Trade Wars and OPEC Inspire Losses|
|The US dollar basket (DXY) pushes back above trendline support despite lower nominal US yields and short-dated UST yield inversions. US-China tensions ramp up after|
|OPEC Latest: Oil Prices Renew Sell-Off Ahead of OPEC Meeting|
|The Euro has been chopping around within a narrowing range the past couple of weeks, but that won’t last forever and a directional move, even|
|UK PM May is facing rebellion from inside her party and heavy criticism from outside and talk is now circulating that the Brexit vote in|
|There’s a rich history of financial bubbles and manias, varying in scale and economic impact. Read about major market bubbles and flash crashes all traders|
|DXY daily chart
Dollar Index Spot
Today Last Price: 97.03
Today Daily change: 0.0 pips
|United States Challenger Job Cuts: 53.073K (November) vs previous 75.644K|
|• The pair has been oscillating within a broader trading range, below 100-hour SMA, since the early North-American session on Tuesday.
|Robert Rennie, analyst at Westpac, suggests that they have stuck with a neutral bias for USD/JPY for some time with the strong caveat that we would sw|
|After losing nearly 100 pips on Wednesday, the AUD/USD pair extended its slide today and touched its lowest level in 9 days as the AUD weakened amid d|
|The UK finance minister Philip Hammond, during the parliament debate on Brexit deal, was noted saying that leaving the EU will have an economic cost a|
|Analysts at TD Securities suggest that the BoC’s Governor Poloz will deliver an Economic Progress Report at 8:35 ET as a follow-up to the December mee|
|Tim Riddell, research analyst at Westpac, explains that the latest round of national and Eurozone PMIs and inflation reports, as well as several natio|
|• Market participants remain non-committal amid persistent Brexit uncertainties.
• Risk-on mood further collaborated towards keeping a lid on
|British Prime Minister Theresa May’s spokesman recently crossed the wires saying that the PM was talking to ministers and lawmakers this week leading|
|After staying under pressure during the Asian session, the USD/JPY pair recovered above the 113 but failed to preserve its momentum and dropped back i|
|Analysts at TD Securities point out that in the US session, international trade for October will be published at 8:30 ET alongside jobless claims and|
|According to Carsten Brzeski, Chief Economist at ING, with the end of the ECB’s net asset purchases, at least one unconventional measure should be she|
|• Bearish BoC policy statement continues to weigh on the CAD.
• A slump in crude oil prices further dent sentiment around Loonie.
|Imre Speizer, research analyst at Westpac, suggests that the NZD/USD continues to benefit from a string of positive NZ data surprises lately, as well|
|Reuters reports the following comments by the Iranian Oil Minister, as he speaks on the sidelines of the OPEC meeting.
Iran will stay in OPEC will no
|The European Union (EU) Chief Brexit Coordinator Michel Barnier was on the wires now, via Reuters, noting the following.
Reiterates unprecedented dea
|WTI (oil futures on NYMEX) changed course and dropped more than $ 2 to hit fresh four-day lows just under the 51 handle, as the bears fought back cont|
|EUR/SEK daily chart
Today Last Price: 10.2258
Today Daily change: 4.1e+2 pips
|Greece Unemployment Rate (MoM) dipped from previous 18.9% to 18.6% in September|
|Following the comments by the Saudi Energy Minister Al-Falih, his Iraqi counterpart is on the wires, commenting on the OPEC output cuts policy.
|More comments flowing in from the RBA Assistant Governor Debelle, as he continues to speak about the central bank’s monetary policy path.
Will see ho
|The Swedish Krona is trading on the defensive in the second half of the week, lifting EUR/SEK to fresh daily highs around 10.21, where sits the 55-hou|
|Saudi Arabia’s Energy Minister Al-Falih is reported by Reuters, as saying:
Optimistic there will be an overall agreement.
Hopes to conclude somethin
|UK Brexit Secretary Barclay is on the wires now, noting that the UK government position is Article 50 won’t be reopened.|
|Livesquawk is out with the latest comments by the Libyan National Oil Company (NOC), with the key headlines found below.
No precedent for oil cuts fr
|Sean Callow, Research Analyst at Westpac, points out that the AUD/USD pair on Mon-Tue reached highs since August and since then however, it has been o|
|A Reuters poll of foreign exchange strategists showed on Thursday, the US dollar is set to reverse this year’s solid upsurge in 2019 amid US economic|
|• The pair extended this week’s sharp retracement slide near five-month tops and has been trending lower alongside a short-term descending trend-c|
|South Africa Business Confidence Index climbed from previous 95.8 to 96.1 in November|
|INTL FCStone strategist Vincent Deluard reveals one development that could save markets in 2019, and lays out the four ways it could happen.|
|Ticker: IBP Short interest: $77 millionShort interest change in 2018: +$8.2 millionYear-to-date performance: -54%Source: S3 Partners|
|Apple shares fell more than 4% Tuesday amid growing concerns around a slowing iPhone cycle.
At least four of the tech giant’s suppliers have cut their own…
|China fired back after the US-led arrest of a Huawei executive. That sent US futures and global stocks, already jittery on trade-war fears, tumbling.|
|Shares of Children’s Place Inc. PLCE, -4.48% tumbled toward a 13-month low in premarket trade Thursday, after the children’s apparel retailer beat fis|
|Lyft Inc. said Thursday it has “confidentially” filed a registration statement with the Securities and Exchange Commission for its proposed initial pu|
|Lands End Inc. LE, -0.28% reported Thursday fiscal third-quarter net income that rose to $3.3 million, or 10 cents a share, from $162,000, or 1 cent a|
|Shares of Aphria Inc. APHA, -25.45% sank 8.4% in premarket trade Thursday, after the Canada-based cannabis company said it has appointed a special com|
|Oil prices tumbled Thursday, as investors grappled with a lack of clarity and signs of a lack of consensus over a decision on a production cut at an O|
|لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/|
|For more daily news and technical analysis visit: https://www.dailyforex.com|
|With oncology and fibrosis treatments in the pipe, chief executive officer (CEO) of Nuformix, Dr Daniel Gooding, tells IG that recent evidence suggests that …|
|David talks about the recent drop in Hang Seng, and discusses the possibility of further losses. Get the latest daily analysis on key markets such as US 30, …|
– Who dropped a wad of notes with an elastic band round them?
– I did!
– Well, heres the elastic band.
Image courtesy: www.profitf.com
Have a nice trading!