Heads-up News 

New York Trading Session Heads Up Thursday, June 13, 2019

New York opening news digest

PepsiCo And Coca-Cola Battling It Out For The Serbian Water Market

Following the acquisition of Knjaz Milos by PepsiCo and the Czech Karlovarske Mineralni Vody, the two biggest non-alcoholic beverage corporations in the world have almost half of the Serbian water market.

 

S&P 500, DAX Outlook: Fed and ECB Pivotal to Short-Term Price Action

S&P 500, DAX Outlook: Fed and ECB Pivotal to Short-Term Price Action

 

Gold Price Outlook Boosted by Renewed Political Risk, Oil Tanker ’Attack’

Gold is on the move higher Thursday after two oil tankers were damaged in an incident in the Gulf of Oman.

 

USD Held Support, Now What? EURUSD, GBPUSD, AUDUSD, USDJPY Charts

The USD index is coming off support, but it is still unclear as to whether it will hold; there are charts of varying biases in several of the major pairs.

 

USD/CAD Price – Bearish Sentiment May Continue on a Break Below the Weekly Low

Did we get it right with our US Dollar forecast? Find out more for free from ourQ2 USD and main currencies forecasts

On June 6, bearish momentum sent

 

GBPUSD Outlook: Political Risk Hitting Sterling as PM Race Heats Up

GBPUSD is the process of giving back all of Wednesday’s gains and more, as UK political risk ratchets up.

 

Crude Oil Prices Spike on Possible Oil Tanker Attack in Gulf of Oman

Crude Oil Prices Spike on Possible Oil Tanker Attack in Gulf of Oman

 

EURUSD Chart Analysis: Has Euro Trend Turned Higher? Maybe Not.

The Euro appears to have secured a critical topside breakout, but near-term chart positioning warns against committing to bullish follow-through.

 

NZD/USD could retest the recent 0.6680 high – Westpac

According to Imre Speizer, analyst at Westpac, NZD/USD pair could retest the recent 0.6680 high during the week ahead. Key Quotes “The main driver rec

 

EU’s Moscovici: Ready to move on with disciplinary procedure on Italy if no new commitments from Rome

European Commissioner for Economic and Financial Affairs Pierre Moscovici recently said that they were ready to move on with the disciplinary procedur

 

USD/CHF technical analysis: Rejection slide from 200-DMA pauses near a short-term trend-line support

Given the pair’s inability to make it through an important technical resistance, the fact that technical indicators on the daily chart haven’t been ab

 




US: Import prices and jobless claims in focus – TDS

According to analysts at TD Securities, US import prices are expected to have declined for the first time in five months at -0.2% m/m in May, which wo

 

Italy’s Tria: Will seek a deal with EU on fiscal rules by July 9

Italy’s Economy Minister Tria recently crossed the wires saying that they will be seeking a deal with the EU on fiscal rules by July 9 and added that

 

USD/JPY recovers early lost ground to weekly lows, back near mid-108.00s

The USD/JPY pair managed to recover the early lost ground to weekly lows and is currently placed at the top end of its daily trading range, around mid

 

USD/CAD extends slide toward 1.33 as oil recovery gathers momentum

After closing the first three days of the week in the positive territory, the USD/CAD pair turned south on Thursday with the commodity-sensitive looni

 

EUR/JPY comes under pressure near the 10-day SMA at 122.10

EUR/JPY exchanges gains with losses so far on Thursday although it so far manages well to keep business above the 122.00 mark. EUR/JPY looks to trade

 

US-China trade war effects likely to be longer-lasting – Standard Chartered

David Mann, global chief economist at Standard Chartered, points out that the news flow on the US-China trade war has been erratic, to put it mildly.

 

OPEC: Significant downside risks remain from trade disputes spilling over to global demand growth

According to Reuters, OPEC in its outlook for the second half of the year expects significant downside risks to remain from trade disputes spilling ov

 

SNB: Monetary policy unchanged – ING

Charlotte de Montpellier, economist at ING, points out that the Swiss central bank decided today to keep its monetary policy unchanged and leave the m

 

Iran’s ForeignMin Zarif: Reported attacks on Japan-related tankers occurred during Abe- Khamenei meeting

Iran’s Foreign Minister Javad Zarif took to twitter to shed more light on the suspected oil tanker attacks in the Gulf of Oman earlier today. Zarif tw

 

EUR/GBP keeps the area of 5-month highs around 0.8900

The offered bias around both the Sterling and the single currency is leaving EUR/GBP so far unchanged for the day in the 0.8900 neighbourhood. EUR/GBP

 

Ireland HICP (MoM) declined to -0.1% in May from previous 0.4%

Ireland HICP (MoM) declined to -0.1% in May from previous 0.4%

 

Ireland HICP (YoY) down to 1% in May from previous 1.7%

Ireland HICP (YoY) down to 1% in May from previous 1.7%

 




Ireland Consumer Price Index (YoY) down to 1% in May from previous 1.7%

Ireland Consumer Price Index (YoY) down to 1% in May from previous 1.7%

 

Ireland Consumer Price Index (MoM) declined to -0.1% in May from previous 0.4%

Ireland Consumer Price Index (MoM) declined to -0.1% in May from previous 0.4%

 

AUD: Vulnerable – Westpac

Sean Callow, analyst at Westpac, points out that AUD is finally showing some vulnerability after its resilience in the face of poor domestic data, the

 

Iran’s Supreme Leader Khamenei: Do not see Trump worthy of any message exchange

During his meeting with the Japanese Prime Minister Shinzo Abe, Iran’s Supreme Leader Ayatollah Ali Khamenei told his Japanese counterpart that Iran w

 

Fed: Too much growth risk, too little inflation – Standard Chartered

Sonia Meskin, US economist at Standard Chartered, suggests that they have lowered their 2019 forecast for the upper bound of the fed funds target rate

 

SNB’s Jordan: Not overdramatize small changes in inflation expectations

Continuing to address the post-monetary policy presser, the Swiss National Bank (SNB) Chief Jordan said that SNB should not overdramatize small change

 

Eurozone: Industrial production drops markedly in April – ING

According to Bert Colijn, senior economist at ING, 0.5% decline in Eurozone’s industrial production are adding to concerns about a prolonged industria

 

Sterling trading volumes have fallen sharply since March post- Brexit delay

Amid looming first vote for deciding the next Conservative Party leader, Reuters reports some interesting headlines, citing that the Sterling trading

 

USD/CAD technical analysis: Recovery from multi-month lows falters ahead of 100-day SMA

The mentioned 200-DMA support coincides with the lower end of over four-month-old ascending trend-channel, which should now as a key pivotal point for

 

ECB: Euro’s international role strengthened in 2018 and early 2019

In a latest report published by the European Central Bank (ECB), titled “International use of the Euro increases”, the central bank revealed that the

 

Fed: Lower 2019 median incorporating a cut is unlikely – Westpac

Richard Franulovich, head of FX strategy at Westpac, suggests that the immediate risks to the US outlook from tariffs on Mexico have been averted but

 

European Monetary Union Industrial Production s.a. (MoM) meets forecasts (-0.5%) in April

European Monetary Union Industrial Production s.a. (MoM) meets forecasts (-0.5%) in April

 




European Monetary Union Industrial Production w.d.a. (YoY) above forecasts (-0.5%) in April: Actual (-0.4%)

European Monetary Union Industrial Production w.d.a. (YoY) above forecasts (-0.5%) in April: Actual (-0.4%)

 

US: Weak CPI bolsters case for Fed cuts – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, points out that the US CPI inflation printed to the downside in May, with the core measure rising 0.1% mom

 

GBP/USD technical analysis: Bears set to regain control, sustained break below weekly lows awaited

Despite the pullback, the pair remains well within this week’s broader trading range and thus, warrant some caution before positioning for any further

 

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, LULU, BYND) | Markets Insider

Here is what you need to know.

Trump threatens sanctions on Germany. ”We’re looking at it,’ Trump told reporters at the White House on Wednesday, refe…

 

Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman | Markets Insider

The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman.
West Texas Intermediate crude jumped 3%, while…

 

Beware a ‘Trump recession’: JPMorgan unloads on the president’s role in erasing a full year of market progress — and lays out a scenario that could save the day

JPMorgan quant guru Marko Kolanovic says Trump’s trade war derailed all of his tax-reform progress. Here’s why he’s still surprisingly bullish.

 

Trump is threatening sanctions on Germany over its Russian gas pipeline, opening a new front in the trade war that the Kremlin calls ‘blackmail’ | Markets Insider

President Donald Trump has ramped up pressure on Germany to scrap the Nord Stream 2 pipeline from Russia and boost its defence spending.
Trump threatened …

 

These 5 charts show why London’s fintech scene could soon eclipse Silicon Valley’s

London saw a record $5 billion in VC funding so far this year.

 

Provention Bio’s stock surges after calling off public stock offering

Shares of Provention Bio Inc. surged 4.5% in premarket trade Thursday, after the biopharmaceutical company said it has terminated its planned public stock…

 

Tyson’s stock jumps after introducing new plant-based nuggets, ‘blended’ burgers

Shares of Tyson Foods Inc. rallied 1.7% in premarket trade Thursday, after the meat producer said it was entering the alternative protein market, as it…

 

Cannabis company Hexo’s stock slips after net sales come up shy of expectations

The U.S.-listed shares of Hexo Corp. slipped 0.5% in premarket trade Thursday, after the Canada-based consumer packaged goods cannabis company reported…

 

Do’s and Don’ts in Trading by Jose Blasco

Have you ever wished not having taken that one trade? Have you ever thought about what would happen to your trading results if you could simply eliminate a s…

 




Will the Russell 2000 continue to underperform? – 13th June 2019

David talks about the recent underperformance in the Russell 2000 when compared with the S&P 500, and discusses the possibility of further weakness. Get the …

 

Cheer Up

Adage:

Controlling losers is a must; let your winners run out of control.

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Have a nice trading!




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