Heads-up News 

New York Trading Session Heads Up Thursday, October 10, 2019

New York opening news digest

If You’re Saving More Money Due To Talks Of A Potential Recession, You Aren’t Alone

With only slightly over half of Americans investing in the stock market, it’s no wonder most aren’t jumping for joy when the market increases.

 

FTSE 100 Forecast: Death Cross Signals Bad Omen for FTSE 100

FTSE 100 Forecast: Death Cross Signals Bad Omen for FTSE 100

 

GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

Sterling (GBP) picked-up a small short-term bid after the latest UK growth data. Three-month rolling GDP picked up, but August’s monthly reading fell into negative territory.

 

EUR/GBP Price Analysis – Running into Fibonacci Resistance

EUR/GBP is approaching an important technical indicator which will define the short-term price movement. A clean break and close higher is needed to keep the recent bullish momentum intact.

 

BoE’s Carney: Underlying pace of growth in UK economy is relatively modest

Bank of England (BOE) Governor Mark Carney on Thursday noted that the underlying pace of growth in the United Kingdom’s (UK) economy was “relatively m

 

EU Commission: Turkey must align with EU foreign policy as an EU candidate – Reuters

A European Commission spokeswoman at a news briefing on Thursday, condemned Ankara’s military operation in northern Syria. She said that if Turkey rem

 

Germany’s Scholz: German growth slowing partly due to Brexit

German Finance Minister Olaf Scholz crossed the wires in the last minutes arguing that Germany’s economic growth was slowing partly because of the Bre

 

USD should remain resilient – Westpac

According to Richard Franulovich, head of FX strategy at Westpac, the Fed’s decision to rebuild their balance sheet shouldn’t upset the USD much as sh

 

Gold clings to small gains above $1,500 as focus remains on US-China trade talks

After climbing to its highest level in six days at $1,517 on Wednesday, the XAU/USD pair failed to build on its gains and is now moving sideways in a

 

USD/TRY in multi-week highs near 5.90, war weighs on the Lira

The Turkish currency remains under pressure so far on Thursday and is now pushing USD/TRY to fresh 6-week highs in the vicinity of 5.90. USD/TRY focus

 

Portugal Global Trade Balance fell from previous €-5.3B to €-5.391B in August

Portugal Global Trade Balance fell from previous €-5.3B to €-5.391B in August

 




South Africa Manufacturing Production Index (YoY) registered at -1.8% above expectations (-2.4%) in August

South Africa Manufacturing Production Index (YoY) registered at -1.8% above expectations (-2.4%) in August

 

OPEC Sec. General Barkindo: OPEC’s challenge has always been to depoliticize oil

The world is becoming unpredictable in terms of economic outlook and geopolitics. Saudi attack is almost behind us thanks to swift response. Number on

 

France: Manufacturing Production dropped in August – ING

Julien Manceaux, senior economist at ING, notes that French industrial production fell by 0.9% in August, with manufacturing falling back by 0.8%. Key

 

US: Headline CPI likely to print 1.8% YoY in September – TD Securities

Analysts at TD Securities are looking for the US headline CPI to tick up a tenth to 1.8% YoY in September (0.1% MoM) despite another monthly decline i

 

Turkish forces seize targets in northeast Syria offensive – Reuters

In the latest update amid heightening tensions between Turkey and Syria, NATO-ally Turkey’s forces seized designated targets on the second day of an o

 

EUR/GBP retreats from tops beyond 0.90

The rebound in the British Pound is now prompting EUR/GBP to recede from earlier tops beyond the key 0.90 the figure. EUR/GBP eases from 4-week highs

 

GBP/USD technical analysis: Refreshes session tops, near 100-hour SMA/50% Fibo. confluence region

The GBP/USD pair once again showed some resilience below the 1.2200 round-figure mark on Thursday and witnessed a solid rebound from support marked by

 

WTI off highs, still above $ 52 ahead of US-China trade talks

WTI (oil futures on NYMEX) witnessed volatile trading so far this European session on Thursday, the risk tones flip-flop in anticipation of the US-Chi

 

UK: Weakness in GDP data – TD Securities

Analysts at TD Securities note that UK’s August GDP came in at -0.1% m/m, a touch weaker than consensus of flat. Key Quotes “Details show most of the

 

Ireland HICP (MoM) declined to -0.3% in September from previous 0.4%

Ireland HICP (MoM) declined to -0.3% in September from previous 0.4%

 

Ireland HICP (YoY) remains unchanged at 0.6% in September

Ireland HICP (YoY) remains unchanged at 0.6% in September

 

Ireland Consumer Price Index (YoY) increased to 0.9% in September from previous 0.7%

Ireland Consumer Price Index (YoY) increased to 0.9% in September from previous 0.7%

 




Ireland Consumer Price Index (MoM) dipped from previous 0.5% to -0.2% in September

Ireland Consumer Price Index (MoM) dipped from previous 0.5% to -0.2% in September

 

Fed: Expect $150-200bn boost, followed by organic growth – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, expects the Fed to formally announce a decision on the balance sheet at the 29-30 October FOMC. Key Quotes

 

Portugal Consumer Price Index (MoM) unchanged at 1.1% in September

Portugal Consumer Price Index (MoM) unchanged at 1.1% in September

 

Portugal Consumer Price Index (YoY) remains at -0.1% in September

Portugal Consumer Price Index (YoY) remains at -0.1% in September

 

EUR/USD Technical Analysis: The pair breaks above 1.10 and the resistance line… next stop the 55-day SMA?

EUR/USD Overview Today last price 1.1028 Today Daily Change 61 Today Daily Change % 0.40 Today daily open 1.0984 Trends Daily SMA20 1.0989 Daily SMA5

 

NZD/USD technical analysis: Refreshes weekly tops, awaits a move beyond 0.6325-30 supply zone

The NZD/USD pair built on its solid intraday rebound from one-week lows and is currently placed at the top end of its weekly trading range, around the

 

World Bank: Asia-Pacific economic growth seen slower at 5.8% in 2019 on trade tensions

In its latest forecast report on the Asia Pacific economies published on Thursday, the World Bank said that the economic growth in the region is forec

 

US Dollar Index Technical Analysis: Decline is challenging the 21-day SMA near 98.70

Dollar Index Spot Overview Today last price 98.77 Today Daily Change 37 Today Daily Change % -0.36 Today daily open 99.13 Trends Daily SMA20 98.79 Da

 

Carney’s speech: Today’s data are consistent with picture of soft underlying growth

The Bank of England (BOE) Governor Mark Carney is on the wires now, via Reuters, making some comments on today’s UK growth numbers. Key Quotes: UK DAT

 

UK: GDP contracted in August – ING

James Smith, developed markets economist at ING, points out that UK’s GDP contracted by 0.1% in August, suggesting there is very little to cheer about

 

China ForeignMin Spokesman Geng urges US to halt pressure on Chinese companies

Speaking at a daily press briefing on Thursday, China’s foreign ministry spokesman Geng Shuang urged the US to stop unreasonable pressure on Chinese c

 

Morning News: October 10, 2019 Crossing Wall Street

Without Naming Huawei, E.U. Warns Against 5G Firms From ‘Hostile’ Powers

U.S. Weighs Currency Pact With China as Part of Partial Deal

WeWork India F

 




Luxury stocks are soaring after Louis Vuitton beats sales forecasts despite Hong Kong protests | Markets Insider

Luxury fashion stocks are soaring after LVMH, the parent company of Louis Vuitton and Moët, revealed better than expected sales for the third quarter…

 

Billionaire Ken Fisher stunned an audience by saying winning clients was like ‘trying to get into a girl’s pants’ | Markets Insider

Billionaire Ken Fisher, head of the money-management giant Fisher Investments which reportedly oversees $112 billion in assets, stunned a San Francisco au…

 

Trump reportedly green lighted some US firms to do business with Huawei ahead of US-China trade talks | Markets Insider

The Trump administration will reportedly grant licenses to American companies to do business with Huawei, likely as a gesture of goodwill ahead of US-Chin…

 

China is reportedly weighing a currency pact in return for tariff suspensions as US trade talks kick off | Markets Insider

China is considering a partial trade deal with the US, which could include a currency pact, according to Bloomberg. Citing people familiar with the situat…

 

Belgium’s UCB to acquire Ra Pharma in cash deal valued at about $2.5 billion

Belgian biopharma company UCB has agreed to acquire Ra Pharmaceuticals Inc. in a cash deal valued at about $2.5 billion, the companies said Thursday. Ra…

 

Canopy Growth names current Constellation Brands CFO as its new chairman

Canopy Growth Corp. said Thursday it named David Klein as its chairman of the board, effective immediately, succeeding Interim Chairman John Bell. Klein is…

 

Hexo’s stock plunges after revenue warning, 2020 outlook withdrawn

Shares of Hexo Corp. plunged 13% toward a 10-month low in premarket trading Thursday, after the Canada-based cannabis company warned of a fiscal…

 

Hormel Foods revises 2019 profit outlook to above expectations

Hormel Foods Corp. narrowed Thursday its full-year earnings guidance, which put it above Wall Street expectations, ahead of the branded food company’s…

 

Philips shares slump as connected-care business hit by tariffs

Shares of Philips Electronics tumbled 8% in early Amsterdam as the company issued a warning over its connected care business, which had a 4.5-point decline…

 

ملخص اسواق العملات ليوم الخميس 2019/10/10 من موقع ديلي فوركس

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

 

Cheer Up

Adage:

Price is gonna do whatever price is gonna do … no matter how many indicators you have on your chart.

Cartoon:


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Have a nice trading!




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