Heads-up News 

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

 




Legal bid to prevent PM Johnson from suspending Parliament to force a no-deal to have a full hearing on Sept 6 – Politico

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

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 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 are sliding due to a ‘smorgasbord of risks’ across Argentina, Italy, Hong Kong, and Singapore | Markets Insider

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…

 

A German tourism group expects the Boeing 737 Max’s grounding to cost it over $300 million this year | Markets Insider

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 …

 

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