Heads-up News 

New York Trading Session Heads Up Thursday, July 11, 2019

New York opening news digest

World Gold Council: Federal Reserve, Central Bank Rate Cuts To Drive Gold Investment In H2

The WGC is the latest institution to predict strong conditions for gold in the second half of 2019. Is the safe-haven set to hit fresh price peaks in the weeks and months ahead?

 

Facebook’s Libra Will Fizzle As Banks Hit Back

While Facebook’s new cryptocurrency, Libra, has the potential to change the game, banks and regulators may fight the tech giant at every turn. Is it possible that Facebook has another motive?

 

How Parents Can Ignite Their Teenager’s Financial Independence This Summer

A summer job can be a great teachable moment about money. Personal finance expert Megan Gorman discusses how parents can use their teen’s summer job as a launching pad to financial independence.

 

Risk Factors Feeding Hedge Fund Performance

There is presently a significant spike in risk factor correlations above the historic highs of 2007/2008. Not surprisingly, correlation among hedge fund returns are also near multi-year highs as the current environment spawns “risk on/risk off” market action.

 

GBPUSD Outlook: From a Contrarian Perspective, a Sterling Rally is Due

Reports that the British Pound could slump to parity with the US Dollar suggest that negativity towards Sterling is now so pervasive that GBPUSD could be ripe for a recovery.

 

USD/CHF, EUR/CHF Price Forecast: Potential Comeback for the Sellers

the key technical levels EUR/CHF and USD/CHF sellers need to consider to take charge again.

 

Crude Oil Price Analysis: Oil Prices Jump on Hurricane and Supply Risks

Crude Oil Price Analysis: Oil Prices Jump on Hurricane and Supply Risks

 

How to Trade the Impact of Politics on Global Financial Markets

As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading opportunities.

 

When is the US CPI report and how could it affect EUR/USD?

Wednesday’s US economic docket highlights the release of the latest consumer inflation figures, due later during the early North-American session at 1

 

NZD/USD extends gains, targets 0.67 ahead of US inflation data

After adding more than 40 pips on Wednesday, the NZD/USD pair extended its rebound from the multi-week lows that it set at 0.6568 yesterday and reache

 

EUR/JPY bounces off daily lows near 121.60

The bid tone around the Japanese safe haven has forced EUR/JPY to recede to the 121.60 region during early trade, where some decent support emerged. E

 




Fed: 25bp cut a done deal; 50bp unlikely – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, points out that the Fed Chair Powell began his semi-annual testimony to Congress with a very dovish prepar

 

South Africa Manufacturing Production Index (YoY) below forecasts (1.4%) in May: Actual (1%)

South Africa Manufacturing Production Index (YoY) below forecasts (1.4%) in May: Actual (1%)

 

China FDI – Foreign Direct Investment (YTD) (YoY): 7.2% (June) vs 6.8%

China FDI – Foreign Direct Investment (YTD) (YoY): 7.2% (June) vs 6.8%

 

Brazil: Underlying inflation flashes green lights for rate cuts – Rabobank

Rabobank analysts points out that the IPCA, which is Brazil’s official inflation index has edged up by 0.01% m/m in June, a tad above consensus (-0.02

 

Fed: July is a done deal – Westpac

Elliot Clarke, senior economist at Westpac, notes that the minutes of the June FOMC meeting and Chair Powell’s Semiannual Monetary Policy Report to Co

 

Carney speech: UK needs to ensure it remains attractive and open to international investment

Bank of England (BOE) Governor Mark Carney is now responding to questions from the press after delivering his prepared speech at a press conference fo

 

USD/JPY moved into a consolidative phase – UOB

USD/JPY is expected to trade within a rangebound theme in the near term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “While we noted y

 

ECB’s Coeure: Governing council is taking market concerns about protracted low inflation seriously

European Central Bank Governing Council member Benoit Coeure crossed the wires in the last minutes, via Reuters, saying that the Governing Council is

 

EUR/GBP recede from tops, back below 0.9000

After clinching fresh 6-month tops beyond 0.90 the figure on Wednesday, EUR/GBP has come under selling pressure on the back of the renewed buying inte

 

Carney speech: UK exporters to EU show a mixed picture on no-deal preparedness

Bank of England (BOE) Governor Mark Carney is now responding to questions from the press after delivering his prepared speech at a press conference fo

 

US: Headline CPI to slow to 1.6% in June – TDS

Analysts at TD Securities are looking for the US headline CPI to slow a further two tenths to 1.6% y/y in June (flat m/m), on the back of a notable de

 

WTI scales 7-week highs near $ 61 amid supply disruption risks

WTI (futures on Nymex) extended its winning streak into a third day today and reached the highest levels in seven weeks at 60.93 levels, largely on th

 




USD: CPI should avert another leg lower – ING

In view of analysts at ING, US dollar weakness is unlikely be extended today, when focus will be on the June inflation report. Key Quotes “Our economi

 

Carney’s speech: Material risks of economic disruption remain from no-deal Brexit

The Bank of England (BOE) Mark Carney is on the wires now, via Reuters, making a scheduled speech at a press conference following the release of the c

 

Ireland Gross Domestic Product (YoY) increased to 6.3% in 1Q from previous 3%

Ireland Gross Domestic Product (YoY) increased to 6.3% in 1Q from previous 3%

 

Ireland Gross Domestic Product (QoQ) up to 2.4% in 1Q from previous 0.1%

Ireland Gross Domestic Product (QoQ) up to 2.4% in 1Q from previous 0.1%

 

USD/CAD technical analysis: On the verge of confirming a fresh bearish breakdown

Currently hovering around 38.2% Fibo. level of the Dec. 2017-Jan. 2019 bullish move, a follow-through weakness below the recent swing low – around the

 

Gold consolidates in a range near weekly tops, comfortably above $1400 mark

Gold held on to its mildly positive tone through the early European session and is currently placed just below weekly tops, set earlier this Thursday.

 

EM currencies supported by Powell – Rabobank

Analysts at Rabobank note that the vast majority of EM currencies benefited from Fed Chairman Powell’s dovish message during his testimony to Congress

 

BOE FSR: UK banks can cope with no-deal Brexit and trade war, GBP stays firmer

In its semi-annual Financial Stability Report (FSR), the Bank of England (BOE) warns of the risks of a no-deal Brexit. Key Headlines: Perceived likeli

 

China’s FinMin Liu: China’s economic growth to maintain at 6-6.5%

Reuters reports the following comments from Chinese Finance Ministry Liu Kun delivered at an Italy-China financial dialogue in Milan. The Chinese gove

 

BoE: Inflation outlook may not justify a rate hike – ING

According to ING analysts, BoE’s policymaker Silvana Tenreyro has backed the market’s dovish expectations which indicates that the inflation outlook m

 

European Parliament to vote for von der Leyen appointment on July 16th

The latest headlines are crossing the wires by Reuters, citing that the European Parliament will vote for the appointment of Ursula von der Leyen as t

 

Greece Unemployment Rate (MoM): 17.6% (April) vs previous 18.1%

Greece Unemployment Rate (MoM): 17.6% (April) vs previous 18.1%

 




USD/JPY technical analysis: Oversold conditions helped bounce off weekly lows, bearish bias remains

A slight improvement in the global risk sentiment, which tends to undermine the Japanese Yen’s relative safe-haven demand, turned out to be one of the

 

EUR/USD Technical Analysis: Interim hurdle aligns at the 21-day SMA at 1.1283 ahead of the 200-day SMA

EUR/USD Overview Today last price 1.1274 Today Daily Change 30 Today Daily Change % 0.20 Today daily open 1.1251 Trends Daily SMA20 1.1285 Daily SMA5

 

India-US trade talks to restart Friday – India Press

The Indian news outlet, the Financial Post, carried a story quoting a spokesperson for the US Trade Representative (USTR), as saying that Indian and t

 

10 things you need to know before the opening bell | Markets Insider

Here is what you need to know.  1. Deutsche Bank’s week from hell just got worse after reported links with Epstein and a US probe into its role in the…

 

Deutsche Bank’s week from hell just got worse after reported links with Epstein and a US probe into its role in the 1MDB scandal | Markets Insider

Deutsche Bank is being investigated by the US Department of Justice as part of a wider probe of the 1MDB scandal, the Wall Street Journal reported.  …

 

Rate cuts are coming — and markets are ecstatic | Markets Insider

Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would lower interest rates this month. ‘A July rate cut see…

 

Canadian cannabis company Hexo to transfer listing to NYSE from from NYSE American effective July 16

Canadian cannabis company Hexo Corp. is transferring its stock market listing to the New York Stock Exchange from the smaller NYSE American exchange…

 

Circor rejects Crane’s raised buyout bid

Circor International Inc. said Thursday its board has unanimously decided to reject the latest buyout bid by Crane Co. , saying it “substantially…

 

JetBlue June load factor slips, gives in-line RASM guidance

JetBlue Airways Corp. reported Thursday June load factor that slipped to 86.9% from 87.0%, as an increase in seat supply outpaced growth in demand. The air…

 

The Buckle shares jump 4.4% premarket as June same-store sales rise 6.2%

The Buckle Inc. shares rose 4.4% in premarket trade Thursday, after it reported same-store sales rose 6.2% in June. The shoes and clothing retailer said net…

 

Kennametal to close facilities in Germany, Pennsylvania as part of restructuring

Kennametal Inc. announced Thursday a restructuring that will include closing facilities in Germany and Pennsylvania over the next two years. The company…

 

Kroger and Ocado to invest $55 million in Georgia fulfillment center, create 400-plus new jobs

Supermarket chain Kroger Co. and Ocado Group Plc, a UK0based online grocery retailer, said Thursday they are investing $55 million in a fulfillment center in…

 




ملخص اسواق العملات ليوم الخميس 11/07/2019 من موقع ديلي فوركس

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

 

Daily Market Roundup (July 11, 2019) – By DailyForex

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

 

Will the Fed cut rates this month?

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Oliver Blackbourn, fund manager at Janus Henderson, says he’s expecting a cut from the…

 

Cheer Up

Adage:

What’s considered enough money? Just a little bit more. (c) Will Rogers

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




Related posts