New York Trading Session Heads Up Tuesday, August 13, 2019
New York opening news digest
Trump’s ‘Sadomasochistic’ Recession Gives China The Last Laugh
 |
Larry Summers, the onetime U.S. Treasury secretary, has a knack for apt analogies that bring the dismal science to life. Case in point: Summers calling Donald Trump’s brawl with China a “sadomasochistic and foolish trade conflict.” |
Moving Average (MA) Explained for Traders
 |
The Moving Average is a popular indicator used by forex traders to identify trends. Learn how to use and interpret moving averages in technical analysis. |
EMA Trading | An EMA Strategy with Forex Trends
 |
Trading with the EMA is useful for both beginner and experienced traders. This indicator incorporates a complete trading strategy perfect for trending markets. |
DAX 30 & CAC 40 Technical Outlook Remains Weak
 |
The German and French stock markets are not showing much life, puts them in position to break lower soon. |
USD/CAD Price: USD May Fall against Canadian and This is Why
 |
Check out our Q3 USD and Gold forecasts . Download for free main currencies and commodities trading guides.
Last week USD/CAD rallied to its highest |
EURUSD Price Under Pressure After EU/German Sentiment Crashes
 |
The latest ZEW economic sentiment reading ‘points to a significant deterioration in the outlook for the German economy’. And the outlook for the EU is just as bad. |
Sterling (GBP) Ignores UK Labour/Wages Data, Focus Remains Brexit
 |
Sterling (GBP) is little changed after slightly better-than-expected UK wages and Labour data as Brexit remains the driver of the British Pound. |
FX Week Ahead – Top 5 Events: July US Inflation Report & USD/JPY Rate Forecast
 |
The July US inflation report (consumer price index) is due out on Tuesday, August 13 at 12:30 GMT, and the data are expected to show stability in price pressures. |
Gold Prices Surge to 6 year High, Silver Prices Eye Resistance Following Breakout
 |
Gold Prices Surge to 6 year High, Silver Prices Eye Resistance Following Breakout |
Gold Prices May Fall as US CPI Data Cools Fed Rate Cut Bets
 |
Gold prices may turn lower as US inflation data prints near the Fed’s target, cooling increasingly dramatic speculation about an incoming interest rate cut cycle. |
US: Headline CPI likely to pick up to 1.8% YoY – TD Securities
 |
Analysts at TD Securities are looking for the US headline CPI to pick up two tenths to 1.8% y/y (market 1.7%) in July on the back of a solid 0.3% (mar |
UK FinMin Javid: Jobs stats are sign that fundamentals of UK economy are strong
|
Commenting on the labour market data published by the UK’s Office for National Statistics earlier today, “Jobs stats today are another sign that the f |
USD/CAD retreats from session highs, trades around 1.3250 ahead of US CPI data
|
The USD/CAD pair started the week in a calm manner and closed the day with small gains above the 1.32 handle before stretching higher on Tuesday. Afte |
US: Many shades of a potential FX intervention by Fed – Standard Chartered
|
Standard Chartered analysts do not believe an imminent US FX intervention is likely, but suggests that neither is it impossible. Key Quotes “If the US |
EUR/JPY bounces off lows, still below 118.00
|
The persistent bid tone around the Japanese safe haven keeps EUR/JPY under constant downside pressure and close to yesterday’s 2019 lows in the mid-11 |
UK: Mixed labour market data – TD Securities
|
According to analysts at TD Securities, this morning’s UK labour market data was a bit of a mixed bag, but on net they think that it was a positive ou |
US: NFIB Small Business Optimism Index improved to 104.7 in July vs. 104.9 expected
|
In its latest survey, the National Federation of Independent Business (NFIB) showed that optimism among small business owners in the US rose to 104.7 |
WTI fails to resist above $ 55 mark ahead of API data
|
WTI (futures on Nymex) broke its Asian upside consolidation phase in Europe and reached fresh five-day highs at 55.28 before reversing sharply to now |
UK: Wage growth hits another post-crisis high – ING
|
James Smith, developed markets economist at ING, explains that UK wage growth (excluding bonuses) has hit another post-crisis high at 3.9%, and is a k |
Spain 6-Month Letras Auction: -0.534% vs previous -0.496%
|
Spain 6-Month Letras Auction: -0.534% vs previous -0.496% |
Spain 12-Month Letras Auction fell from previous -0.465% to -0.505%
|
Spain 12-Month Letras Auction fell from previous -0.465% to -0.505% |
United States NFIB Business Optimism Index below forecasts (104.9) in July: Actual (104.7)
|
United States NFIB Business Optimism Index below forecasts (104.9) in July: Actual (104.7) |
Germany: Horrific ZEW data – TD Securities
|
Analysts at TD Securities note that Germany’s August ZEW data was simply horrific, with current conditions falling from -1.1 to -13.5 (mkt -6.3), and |
|
Politico reports the latest Brexit-related update, citing that “the legal bid to prevent Boris Johnson from suspending parliament to force through a n |
USD/JPY: Bears gearing up for a break below 105.00 amid risk-off
|
The USD/JPY bears are seen making another attempt towards the 105 handle, as risk-off sentiment dominates the European trading amid global slowdown fe |
US Pres. Trump directly asked Japan PM Abe to buy farm products worth a ‘huge amount’ – Kyodo
|
The Japanese news outlet, Kyodo, reports that the US President Trump directly asked the Japanese Prime Minister (PM) Abe to buy farm products worth a |
EUR/USD near 1.1200 on poor German ZEW
|
The selling bias around the European currency stays well and sound on Tuesday, taking EUR/USD to the 1.1190/80 band. EUR/USD unfazed by German, EMU da |
|
European Monetary Union ZEW Survey – Economic Sentiment registered at -43.6, below expectations (-21.7) in August |
German ZEW economic sentiment dives to -44.1 in August, a huge miss – EUR/USD tests lows
|
The German ZEW headline numbers for August showed that the economic sentiment index came in at -44.1 versus -28.5 expectations and -24.5 last. While t |
Germany ZEW Survey – Current Situation below expectations (-7) in August: Actual (-13.5)
|
Germany ZEW Survey – Current Situation below expectations (-7) in August: Actual (-13.5) |
Germany ZEW Survey – Economic Sentiment below expectations (-28.5) in August: Actual (-44.1)
|
Germany ZEW Survey – Economic Sentiment below expectations (-28.5) in August: Actual (-44.1) |
EUR/GBP sheds ground and drops to daily lows near 0.9270
|
The now softer tone surrounding the single currency is prompting EUR/GBP to recede to the area of daily lows in the 0.9270 region. EUR/GBP weaker on E |
GBP/USD uninspired by rise in UK wages, as jobless rate ticks higher
|
United Kingdom Claimant Count Rate remains unchanged at 3.2% in July
|
United Kingdom Claimant Count Rate remains unchanged at 3.2% in July |
|
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) above expectations (3.8%) in June: Actual (3.9%) |
United Kingdom Claimant Count Change below expectations (32K) in July: Actual (28K)
|
United Kingdom Claimant Count Change below expectations (32K) in July: Actual (28K) |
United Kingdom Average Earnings Including Bonus (3Mo/Yr) in line with forecasts (3.7%) in June
|
United Kingdom Average Earnings Including Bonus (3Mo/Yr) in line with forecasts (3.7%) in June |
United Kingdom ILO Unemployment Rate (3M) came in at 3.9%, above forecasts (3.8%) in June
|
United Kingdom ILO Unemployment Rate (3M) came in at 3.9%, above forecasts (3.8%) in June |
GBP/USD is on the defensive – Commerzbank
|
Karen Jones, analyst at Commerzbank, notes that GBP/USD recovered slightly yesterday but has not dislodged any resistance of note and is on the defens |
EUR/USD Technical Analysis: A move lower is in the offing in the short term
|
EUR/USD Overview Today last price 1.1189 Today Daily Change 38 Today Daily Change % -0.24 Today daily open 1.1216 Trends Daily SMA20 1.1174 Daily SMA |
 |
Stocks slid on Tuesday as rising political fears in Argentina and Italy, ongoing protests in Hong Kong, and a growth warning from Singapore spurred invest… |
 |
Tui expects the Boeing 737 Max’s grounding to cost it up to 300 million euros ($335 million) this year. The German tourism group’s third-quarter profits m… |
MedMen Q4 revenue rises 15% from previous quarter, gross margins slip
 |
MedMen Enterprises Inc. reported Tuesday preliminary fourth-quarter revenue excluding acquisitions of $42.0 million, up 14.8% from the third quarter’s $36.6… |
Genworth shares soar 15.6% premarket on news of sale of stake in Canada unit for $1.8 billion
 |
Shares of insurer Genworth Financial Inc. soared 15.6% in premarket trade Tuesday, after the company said it has agreed to sell a majority stake in Genworth… |
II-VI beats profit and revenue expectations, but gives downbeat outlook
|
II-VI Inc. reported fiscal fourth-quarter earnings that beat expectations, but provided a downbeat outlook for the current first quarter. Shares of the… |
Chili’s parent Brinker tops profit estimates for Q4 as revenue falls short
|
Brinker International Inc. said Tuesday it had net income of $46.8 million, or $1.22 a share, in is fiscal fourth quarter to June 29, up from $43.8 million,… |
Advance Auto Parts’ stock sinks toward 13-month low after earnings and sales miss, trimmed outlook
|
Shares of Advance Auto Parts Inc. slumped 4.3% toward a 13-month low in premarket trading Tuesday, after the auto parts retailer reported second-quarter… |
CIT to buy Mutual of Omaha Bank for $1 billion
|
CIT Group Inc. announced Tuesday a deal for its CIT Bank N.A. subsidiary to buy Mutual of Omaha’s savings bank subsidiary, Mutual of Omaha Bank, for $1… |
German ZEW falls to worst level in more than seven years
 |
The German ZEW indicator of economic sentiment for Germany slumped to a -44.1 reading in August, which is the worst level since Dec. 2011 and down from -24.5… |
U.K. unemployment edges up to 3.9% as 28,000 file for jobless claims
|
Unemployment in the three months to June rose a tenth to 3.9%, the Office for National Statistics said Tuesday. The number of jobless claimants rose 28,000,… |
Europe stocks trade lower for third straight session
|
European stocks traded lower for a third straight session, amid continued concerns about the fallout from the U.S.-China trade war. Banks led the decliners,… |
EURUSD, USDCAD, Gold Price Chart Analysis & More
|
The U.S. Dollar looks headed lower versus the Euro and Canadian Dollar , while gold presses up against major long-term resistance zone. #eurusd #usdcad #gold… |
ملخص اسواق العملات ليوم الثلاثاء 13/08/2019 من موقع ديلي فوركس
|
لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/ |
Daily Market Roundup (August 13, 2019) – By DailyForex
|
For more daily news and technical analysis visit: https://www.dailyforex.com |
Could this lithium battery be the solution for electric vehicles?
|
Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Backed by its own patents, could the company that makes this new light weight lithium … |
Cheer Up
Adage:
I’m a financial adviser, I advise people how to invest their money until there is none left. — Woody Allen movie
Cartoon:
Image courtesy: images-na.ssl-images-amazon.com
Have a nice trading!
