Heads-up News 

New York Trading Session Heads Up Thursday, June 20, 2019

New York opening news digest

4 Reasons Not To Buy Slack Stock

If you use (and love) Slack, there are four compelling reasons to resist the urge to buy its stock.

 

Spot Gold: Retail Trader Data Shows 56.2% of Traders Are Net-Long

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

 

S&P 500: Retail Trader Data Shows 66.3% of Traders Are Net-Short

The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

 

USD Price Analysis: Risk of Deeper Losses as Fed Confirms U-Turn

USD Price Analysis: Risk of Deeper Losses as Fed Confirms U-Turn

 

Canadian Dollar Outlook: USD/CAD Selloff Might Continue Below This Price

USD/CAD price at its lowest levels in nearly four months.

 

Gold Price Soars to Five-Year High, Silver Smashes Through Resistance

The price of gold soared after Fed Chair Jerome Powell opened the door to a series of US interest rate cuts, starting as early as next month. And silver finally crashed through long-running resistance.

 

Dow Jones, S&P 500, and Nasdaq 100 Technical Outlook as Highs Near

Can stocks keep on rising as new highs approach, or could the market be in for a bit of a set-back; should gain better clarity on this in the days ahead…

 

How to Set Up Effective Trading Goals

Read about setting trading goals and the value of process-oriented goals, to build confidence and consistency in your trading.

 

Fed is ready and willing to cut if necessary – Standard Chartered

Sonia Meskin, US economist at Standard Chartered, points out that in the June FOMC meeting, the Committee clearly left the door open for a rate cut, w

 

GBP/USD ticks lower to 1.2700 mark after BoE lowers Q2 GDP estimate

The GBP/USD pair trimmed a part of its early strong gains to over one-week tops, albeit remained well bid near the 1.2700 handle post-BoE announcement

 

US: Focus on Philly Fed survey – TDS

Analysts at TD Securities suggest that the US Philly Fed survey is expected to show a decline to 10.7 in June following the notable 8.1 increase to 16

 




BoE leaves policy rate unchanged at 0.75% with unanimous vote as expected, GBP weakens

In a widely expected decision, the Bank of England’s Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asse

 

EUR/JPY climbs to 3-day highs, still below 122.00

The better tone in the European currency is bolstering the recovery in EUR/JPY to the area just below 122.00 the figure. EUR/JPY now looks to US docke

 

United Kingdom BoE Asset Purchase Facility meets expectations (£435B)

United Kingdom BoE Asset Purchase Facility meets expectations (£435B)

 

United Kingdom BoE Interest Rate Decision meets forecasts (0.75%)

United Kingdom BoE Interest Rate Decision meets forecasts (0.75%)

 

Breaking: BOE sends GBP/USD down

— more to come Follow all the updates in the BOE live coverage The Bank of England was expected to leave its interest rate unchanged at 0.75% in a u

 

Norges Bank: Hike and tightening bias maintained – Danske Bank

Danske Bank analysts point out that the Norges Bank (NB) this morning has raised policy rates by 25bp taking the sight deposit rate from 1.00% to 1.25

 

UK: Retail sales declined 0.5% in May – TDS

TD Securities analysts note that the UK retail sales declined 0.5% m/m in May as expected, with some small revisions to the prior month. Key Quotes “M

 

USD/JPY rebounds from multi-month lows, continues to trade below 108

The USD/JPY pair dropped to its lowest level since the flash crash witnessed in early January at 107.46 today but staged a technical correction.

 

Bank Indonesia: Rate cuts a matter of time – ANZ

ANZ analysts note that the Bank Indonesia (BI) kept its 7-day reverse repo rate unchanged at 6.00% today, but cut banks’ reserve requirement ratio (RR

 

UK: Retail sales dip for second consecutive month – ING

James Smith, developed markets economist at ING, points out that the UK retail sales have fallen for the second month in a row and some of this is cle

 

Norges Bank to raise rates again in H2 – TDS

TD Securities analysts note that the Norges Bank delivered the 25bps rate hike today that was fully expected, and signalled its intention to raise rat

 

When is the BOE rate decision and how could it affect GBP/USD?

Markets eagerly await the Bank of England’s (BOE) decision on its monetary policy, which will be announced at 1100GMT, accompanied by the release of t

 




EUR/GBP struggles for direction below 0.8900 ahead of BoE

The weaker note surrounding the greenback is allowing both the Sterling and the shared currency to recover further ground and is prompting EUR/GBP to

 

Spain 3-y Bond Auction declined to -0.408% from previous -0.361%

Spain 3-y Bond Auction declined to -0.408% from previous -0.361%

 

Spain 5-y Bond Auction: -0.182% vs previous -0.096%

Spain 5-y Bond Auction: -0.182% vs previous -0.096%

 

Gold eases from multi-year tops, still well bid near $1380 level

Gold built on the post-FOMC upsurge and rallied to near six-year tops during the Asian session on Thursday, albeit retreated a bit thereafter. The Fed

 

China SAFE: Cross border capital flows showed positive changes in May

Reuters reports the latest headlines from the Chinese FX Regulator, the State Administration of Foreign Exchange (SAFE), citing that the cross-border

 

Norges Bank hikes rates and hints at another later this year – ING

James Smith, developed markets economist at ING, points out that Norges Bank has taken its tightening cycle a step further on Thursday by increasing i

 

Bearish bets on Indian Rupee return for the first time in over 3 months – Reuters poll

According to the latest Reuters poll, investors turned bullish on most of the Asian currencies over the past two weeks while the bearish bets returned

 

BoJ: No change in policy – TDS

TD Securities analysts point out that as widely expected and in line with their view there was no change to BoJ policy, in a 7-2 vote. Key Quotes “The

 

Fed: Dovish Powell spurs rate cut expectations – ABN AMRO

In view of Bill Diviney, senior economist at ABN AMRO, despite aggressive pricing for Fed rate cuts, the FOMC statement and a dovish Chair Powell pres

 

Italy’s Istat: Italy’s economy will likely contract in Q2

The Italian Statistics Office (Istat) came out with its latest report on the domestic economy, with the key points found below. Italy’s economy will l

 

EUR/NOK challenges 2-month lows near 9.66 post-Norges Bank

The Norwegian Krone is appreciating sharply vs. its European peer in the second half of the week and is dragging EUR/NOK to the area of 2-month lows i

 

WTI jumps to 3-week highs as US-Iran tensions flare up

WTI (futures on Nymex) extended its bullish momentum and went on to hit fresh three-week highs at 55.86 in early Europe, now consolidating the latest

 




Europe: Politics in focus – TDS

Analysts at TD Securities point out that the EU Leaders have gathered to discuss filling the positions of EU Council President, EU Commission Presiden

 

Fed meeting opened the door to rate cuts – Deutsche Bank

Deutsche Bank analysts suggest that the Fed meeting has opened the door to rate cuts as early as July. Key Quotes “They did note that Powell said “the

 

GBP/USD clings to gains, comfortably above 1.2700 handle post-UK data

The GBP/USD pair maintained its strong bid tone near one-week tops and had a rather muted reaction to the latest UK retail sales data. The pair built

 

Morning News: June 20, 2019 Crossing Wall Street

China, U.S. to Resume Trade Talks But China Says Demands Must Be Met

Powell Gave, But the Markets Want Much More

Banks to Fight Over $18 Trillion He

 

Slack’s unusual offering likely won’t have a first-day pop. Here’s why most IPOs still factor in a pop, even though they can cost startups billions

The celebrated price jump when a startup’s stock starts trading in an IPO is actually money left on the table. Here’s why the pop persists.

 

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

Here is what you need to know. 1. The Federal Reserve hinted it could cut rates as early as next month. ‘In light of uncertainties and muted inflation pres…

 

Facebook is making Instagram and WhatsApp employees get @fb.com email addresses as it attempts to unify its brand

Facebook’s family of apps have historically operated semi-independently, but the company is now moving to integrate them ever-more closely together.

 

Stocks are euphoric after the Fed hinted it could cut rates within weeks — and analysts are freaking out | Markets Insider

Stocks rallied after the Fed hinted it could cut interest rates as soon as next month. Analysts were surprised by the Fed’s stance given the US economy is…

 

Olive Garden parent Darden Restaurants raises quarterly dividend by 17% to 88 cents a share

Darden Restaurants Inc. said Thursday its board has approved an increase in its quarterly dividend of 17% to 88 cents a share. The new dividend will be…

 

Olive Garden parent Darden Restaurants sales fall short in latest quarter, stock slides

Olive Garden parent Darden Restaurants Inc.’s shares fell 4.6% in premarket trade Thursday, after the company’s fiscal fourth-quarter sales and…

 

Carnival’s stock drops after profit and revenue beat, but profit guidance cut

Shares of Carnival Corp. dropped 5.6% in premarket trading Thursday toward a 6 1/2-month low, after the cruise operator reported better-than-expected fiscal…

 

Chico’s to review Sycamore’s revised lower buyout bid, and respond in ‘due course’

Chico’s FAS Inc. responded to the lowered buyout bid made by private equity firm Sycamore Partners, saying it will “carefully review” the revised…

 




Dow futures jump 200 points in wake of Fed meeting

U.S. stock futures surged Thursday, on the heels of a Federal Reserve meeting that investors perceived as more dovish. Dow Jones Industrial Average futures…

 

ملخص اسواق العملات ليوم الخميس 20/06/2019 من موقع ديلي فوركس

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

 

Daily Market Roundup (June 20, 2019) – By DailyForex

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

 

Will the NASDAQ 100 retest its all time high? – 20th June 2019

David talks about the rally in the NASDAQ 100 in light of the dovish update from the Federal Reserve and discusses the possibility of the market retesting it…

 

Cheer Up

Adage:

If what you do is working … keep doing it.

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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