Heads-up News 

New York Trading Session Heads Up Tuesday, December 3, 2019

New York opening news digest

Strong Q3 Results, On Track Arris Integration Driving Rally In CommScope’s Stock

CommScope (NASDAQ: COMM), a provider of infrastructure solutions for communication and entertainment networks, has seen it stock price rally by 24% over the last month. The rally was primarily driven by stronger-than-expected Q3 results which were reported on November 7…

 

Making Sense Of The 40% Jump In Centene’s Stock Since Early October

Centene Corporation is a full-line managed services company which services both government sponsored and private insurance health care programs. It’s stock has rallied nearly 40% in the last 2 months primarily due to two factors: 1. Strong Q3 results, with a 6% increase in managed care membership…

 

We Are on the Brink of the Second Great Depression

Do I think currency devaluations will happen in any significant way in the next few years?
It is not my highest probability scenario. But imagine a recession that brings the US deficit to $2 trillion, possibly followed by a governmental change that raises taxes and spending.

 

President Trump on China Trade Deal – May Wait Until After 2020 Election

US President Trump today suggested that it may be better to wait until after the 2020 US elections to fix a deal with China, prompting risk-on markets to fall.

 

Gold Price Bid as US President Trump Warns of New European Tariffs

US President Donald Trump vows to increase European tariffs by up to 100% on a range of goods in retaliation against France’s new digital tax on US companies.

 

Brexit Briefing: Focus on Post-Brexit US-UK Trade Deal as Trump Visits UK

A visit by US President Donald Trump to the UK for the 70th anniversary of NATO has focused attention on a post-Brexit trade deal between the US and the UK.

 

US Dollar Could Gain Versus SGD, PHP, IDR on World Trade Tensions

The Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit could depreciate against the US Dollar as US-China and US-EU trade tensions escalate.

 

AUD/USD Outlook May Soon Darken, Hints ASX 200 Price Action

The Australian Dollar has enjoyed an explosive recovery against its US namesake but its local stock index, the ASX 200, hints that gains may be fleeting.

 

USD/JPY: a test of 110.00 loses traction – UOB

In opinion of FX Strategists at UOB Group, a move to the key 110.00 area in USD/JPY looks unlikely, at least in the very near-term. Key Quotes 24-hour

 

ECB’s Visco: Negative rates can have side effects on the financial system

The European Central Bank (ECB) Governing Council member Ignazio Visco was out with some comments in the last hour and said that negative rates can ha

 

EUR/USD Technical Analysis: Immediate target shifted to the 1.1100 region

EUR/USD has regained strong upside impetus and broke above the key hurdles at the 55-day and 100-day SMAs at 1.1040 and 1.1076, respectively. Immediat

 




Breaking: GBP/USD surges above 1.30 amid favorable polls, USD weakness

 

Brazil Gross Domestic Product (QoQ) came in at 0.6%, above expectations (0.4%) in 3Q

Brazil Gross Domestic Product (QoQ) came in at 0.6%, above expectations (0.4%) in 3Q

 

Brazil Gross Domestic Product (YoY) registered at 1.2% above expectations (1%) in 3Q

Brazil Gross Domestic Product (YoY) registered at 1.2% above expectations (1%) in 3Q

 

NZD/USD has now shifted the focus to 0.6560 – UOB

The Kiwi Dollar could pick up extra pace and attempt a test of the 0.6560 region, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “NZD out

 

US Dollar Index Technical Analysis: Further downside expected to hold around 97.60, the 200-day SMA

DXY is extending its retracement after failing to surpass the 98.50 region on a convincing fashion in past sessions. Key support area emerges at the 2

 

Further rangebound expected around GBP/USD – UOB

According to FX Strategists at UOB Group, Cable is still expected to trade within the familiar broad range. Key Quotes 24-hour view: “GBP traded betwe

 

EUR/JPY Technical Analysis: Corrective downside could test the 120.30 region

The rally in EUR/JPY met a tough barrier in the 121.00 neighbourhood, sparking the ongoing knee-jerk. Further south emerges interim contention in the

 

RBA prepared to ease further if needed – TDS

TD Securities analysts note that the RBA left its cash rate unchanged at 0.75% in line with theirs and market expectations, noting that they prepared

 

EUR/USD could now test 1.1096 and above – UOB

FX Strategists at UOB Group suggested EUR/USD could visit tops above 1.1090 although a move to the 1.1125 level looks unlikely for the time being. Key

 

China: Production and exports likely rose in November – Standard Chartered

Analysts at Standard Chartered note that China’s manufacturing and non-manufacturing PMIs improved significantly in November, to 50.2 and 54.4, respec

 

Spain 6-Month Letras Auction rose from previous -0.477% to -0.448%

Spain 6-Month Letras Auction rose from previous -0.477% to -0.448%

 

Spain 12-Month Letras Auction increased to -0.456% from previous -0.457%

Spain 12-Month Letras Auction increased to -0.456% from previous -0.457%

 




ECB: Weakness has spread, while inflation remains a concern – ABN AMRO

Analysts at ABN AMRO notes that ECB President Christine Lagarde struck a dovish tone in remarks at a hearing of the Committee on Economic and Monetary

 

United Kingdom 10-y Bond Auction increased to 0.738% from previous 0.735%

United Kingdom 10-y Bond Auction increased to 0.738% from previous 0.735%

 

USD/INR hits three-day lows near 71.50, focus shifts to RBI

The Indian rupee extends gains for the second straight day on Tuesday, as USD/INR retreats further from five-day highs of 71.87 reached last Friday. A

 

USD/CHF hammered down to sub-0.9900 levels, 2-week lows

The USD/CHF pair witnessed some follow-through selling on Tuesday and dropped to near two-week lows, below the 0.9900 handle in the last hour. Having

 

US Pres. Trump: If I want to make a deal with China, I would do very well

Reuters reports additional comments from US President Trump, as he now speaks on the US-China trade talks. China has become very powerful on US money.

 

RBA holds the Cash Rate steady – Westpac

Bill Evans, analyst at Westpac, notes that the RBA has held the cash rate steady and the commentary was a little more optimistic but Westpac retains t

 

European Monetary Union Producer Price Index (YoY) in line with expectations (-1.9%) in October

European Monetary Union Producer Price Index (YoY) in line with expectations (-1.9%) in October

 

European Monetary Union Producer Price Index (MoM) came in at 0.1%, above forecasts (0%) in October

European Monetary Union Producer Price Index (MoM) came in at 0.1%, above forecasts (0%) in October

 

EUR/GBP to bounce higher? – Commerzbank

Karen Jones, analyst at Commerzbank, points out that EUR/GBP recovered yesterday and given that there is again divergence seen of the daily RSI, they

 

ECB board nominee Schnabel: Recent data not as negative as feared

German candidate for the European Central Bank (ECB) board, Isabel Schnabel was out with some comments in the last hour and said that he would have li

 

USD/CAD trades with modest losses, just below 1.3300 handle

The USD/CAD pair came under some renewed selling pressure on Tuesday and eroded a major part of the previous session’s positive move. The pair continu

 

US Pres. Trump: PM Johnson is very capable

More comments flowing in from US President Trump, via Reuters, as he now talks about the UK election. I don’t want to complicate UK election. I’ll sta

 




China: Improving PMIs versus weak hard data – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO, points out that China’s PMIs for November published over the past few days showed a clear improvem

 

US Pres. Trump: We are talking to EU about NATO and trade

The US President Trump is on the wires now, via Reuters, confirming that he will be meeting the UK PM Johnson during his UK visit. More to come …

 

UK construction PMI rises to 45.3 in November – GBP/USD stays below 1.3000

The construction sector activity in the UK improved slightly last month, the latest survey report from Markit Economics showed this Tuesday. The final

 

Morning News: December 3, 2019 Crossing Wall Street

China’s Schoolchildren Are Now the Smartest in the World

Trump Sees No Deadline for China Deal, Prefers to Wait For 2020 Election

Here’s What Happen

 

Trump has no deadline for striking a trade deal with China — and says it might be ‘better to wait until after the election’ | Markets Insider

Donald Trump might wait until after next year’s presidential election to strike a deal with China to end the trade war. ‘I have no deadline, no…

 

French luxury stocks are diving after Trump threatens $2.4 billion in tariffs on champagne and handbags | Markets Insider

French luxury stocks dropped on Tuesday after US President Donald Trump threatened to slap tariffs on $2.4 billion worth of wine, cheese, handba…

 

France and the EU vow to fight back against Trump’s tariffs as one expert sees the ‘weaponization of trade’ | Markets Insider

French government ministers on Tuesday said that both France and the European Union will fight back against Trump’s proposed tariffs.  Fren…

 

Starbucks latest holiday beverage launches, Irish Cream Cold Brew

Starbucks Corp. launched its latest holiday beverage in the U.S. and Canada on Tuesday, the Irish Cream Cold Brew, made with cold brew coffee, Irish Cream…

 

Cara Therapeutics announces positive results in trial of treatment for chronic kidney disease

Cara Therapeutics Inc. announced positive results Tuesday from a mid-stage trial of a treatment of pruritis in patients with chronic kidney disease (CKD), an…

 

Aldeyra Therapeutics announces positive early results in trial of dry eye disease treatment

Aldeyra Therapeutics Inc. shares rose more than 13% in premarket trade Tuesday before surrendering their gains, after the biotech reported positive results…

 

Lands’ End profit rises but revenue slips, because of fewer shops in Sears stores

Lands’ End Inc. reported Tuesday a fiscal third-quarter profit that rose from a year ago while revenue declined, while gross margin and same-store sales…

 

Cleveland-Cliffs to buy AK Steel for $1.1 billion in stock

Cleveland-Cliffs said it’s reached a deal to buy AK Steel for $1.1 billion, or $3.36 a share. AK Steel shared closed Monday at $2.89. Each AK Steel…

 




Stock futures turn lower as Trump says China deal could come after election

U.S. stock futures promptly turned lower Tuesday as President Trump introduced doubt, at a London press conference, that a trade deal with China was…

 

Diageo upgraded by RBC to outperform

Diageo , the alcoholic beverage giant, was upgraded to outperform from sector perform by RBC Capital Markets. “Not only is Diageo growing revenue faster…

 

Sky to develop new studio in Elstree

Comcast unit Sky said it will develop a new studio in Elstree, which is north of London. Sky said the new TV and film studio would result in more than 2,000…

 

UniCredit edges higher after plan to cut 8,000 jobs

Shares of Italian bank UniCredit edged higher as it laid out plans to cut 8,000 jobs by the end of 2023. At its London capital markets event, UniCredit said…

 

ملخص اسواق العملات ليوم الثلاثاء 2019/12/04 من موقع ديلي فوركس

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

 

Resumen Diario del Mercado (Diciembre 03) – Por DailyForex

Para más noticias diarias y análisis técnicos visite: https://es.dailyforex.com/

 

Cheer Up

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Have a nice trading!




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