Heads-up News 

New York Trading Session Heads Up Tuesday, January 8, 2019

New York opening news digest

Central Banks Are Not Issuing Digital Currency Soon

The majority of central banks around the world are considering issuing central bank digital currencies (CBDC), but not in the short term. Different speeds in issuing digital currency could create “a potential risk for spillover effects across borders.” Caution and collaboration are needed.

 

Technical Outlook for the USD Index, EUR/USD, Gold Price & More

The DXY is rolling over and with it the Euro is on the verge of a breakout, gold extended but to maintain a bid with

 

EUR/USD Long-term Volatility Chart Suggests a Big Move is Coming

For a year volatility of volatility has been contracting, suggesting the Euro is about to go on the move in the not-too-distant future.

 

Technical Forecast for Gold; US Dollar Leans on Important Support

Gold continues to baulk at the $1,300/oz. level and may move back towards Fibonacci retracement before attempting to make the next leg higher.

 

USDCAD Price Tumbling as Canadian Dollar Benefits From Rising Oil Prices

The Canadian Dollar price is rebounding strongly on higher oil prices and talk that the Bank of Canada may hint this week at still higher

 

Brexit Latest: EU ’No Negotiation’ Talk Dampens Sterling (GBP)

The UK government continues to seek further concessions from the EU on the Irish backstop, but all requests are currently being met with a resounding

 

EURUSD Analysis: Crucial Support in Focus, Germany at Risk of Recession

EURUSD Analysis: Crucial Support in Focus, Germany at Risk of Recession

 

South Africa Total New Vehicle Sales declined to 39.984 in December from previous 47.486

South Africa Total New Vehicle Sales declined to 39.984 in December from previous 47.486

 

PBoC steps up support – ABN AMRO

Arjen van Dijkhuizen, analyst at ABN AMRO, points out that the Chinese authorities have continued to step up support to counterbalance the drags from

 

Canada: Trade deficit likely to widen to $2.8bn in November – TDS

Analysts at TD Securities are looking for the Canada’s international trade deficit to widen to $2.8bn (mkt: -$2.1bn) in November on another outsized d

 

AUD/USD Technical Analysis: Bulls defend 50-hour SMA, await a sustained move beyond mid-0.7100s

•  Last week’s strong rebound from almost a decade low remained capped near mid-0.7100s, with bulls struggling to sustain/build on the momentum fur

 




USD/JPY halts the up move around 109.00, trade in focus

The upside momentum in yields of the US 10-year note helped USD/JPY to clinch fresh 4-day highs in levels just above 109.00 the figure during early tr

 

USD/CAD bounces off 4-week lows, still in the red below 1.3300 handle

•  The ongoing upsurge in oil prices continues to underpin the Loonie.

   •  Modest USD rebound/surging bond yields helped limit deeper losses.

 

Russia: Growth will remain below long-term trend at 1.5% in 2019/2020 – ABN AMRO

According to Nora Neuteboom, economist at ABN AMRO, Russia’s economic recovery, post the 2014 recession has been sluggish.

Key Quotes

“With growth

 

Germany: Downside surprise in industrial production data – TDS

Analysts at TD Securities note that the German IP disappointed sharply to the downside this morning, with headline IP falling 1.9% m/m in November (mk

 

Eurozone: Economic sentiment indicator falls to 107.3 in December – ING

Peter Vanden Houte, chief economist at ING, notes that the Eurozone’s economic sentiment indicator fell in December 2018 to the lowest level since Jan

 

Irish foreign minister Coveney: Would not stand in the way if UK asks for Article 50 extension

Irish foreign minister, Simon Coveney was out with some comments in the last hour and clarified their stance over the possibilities of Article 50 exte

 

EUR/JPY Technical Analysis: The 200-hour SMA below 125.00 caps the upside near term

EUR/JPY hourly chart

 

 

 

 

 

 

 

EUR/JPY

Overview:

    Today Last Price: 124.44

    Today Daily change: -32 pips

    Today Daily chan

 

Ireland Retail Sales (YoY) dipped from previous 5.8% to 3.6% in November

Ireland Retail Sales (YoY) dipped from previous 5.8% to 3.6% in November

 

Chile Consumer Price Index (Inflation) (MoM) declined to -0.1% in December from previous 0%

Chile Consumer Price Index (Inflation) (MoM) declined to -0.1% in December from previous 0%

 

Brazil Industrial Output (YoY) registered at -0.9%, below expectations (2.3%) in November

Brazil Industrial Output (YoY) registered at -0.9%, below expectations (2.3%) in November

 

United States NFIB Business Optimism Index down to 104.4 in December from previous 104.8

United States NFIB Business Optimism Index down to 104.4 in December from previous 104.8

 

Ireland Retail Sales (MoM) fell from previous 0% to -0.1% in November

Ireland Retail Sales (MoM) fell from previous 0% to -0.1% in November

 




Chile Core Consumer Price Index (Inflation) (MoM) up to 0.2% in December from previous 0%

Chile Core Consumer Price Index (Inflation) (MoM) up to 0.2% in December from previous 0%

 

Brazil Industrial Output (MoM) declined to 0.1% in November from previous 0.2%

Brazil Industrial Output (MoM) declined to 0.1% in November from previous 0.2%

 

EUR/USD consolidates daily losses, around mid-1.1400s

•  A modest USD rebound prompts some selling near a key technical hurdle.

   •  Disappointing Euro-zone economic data adds to the downward pressur

 

Central banks in no rush to issue e-money – BIS Survey

The latest survey conducted by the Bank for International Settlements (BIS) showed on Tuesday, most central banks are not in any hurry to issue a digi

 

WTI jumps over 1% to regain $49, API data in focus

WTI (oil futures on NYMEX) caught a fresh bid-wave in the European trading and broke the Asian consolidative phase to the upside, as the bulls fought

 

China: Economic growth to decelerate in 2018-2019 – BNP Paribas

According to analysts at BNP Paribas, China’s economic growth will decelerate in 2018-2019 due to both structural and cyclical reasons.

Key Quotes

 

European Monetary Union Consumer Confidence meets forecasts (-6.2) in December

European Monetary Union Consumer Confidence meets forecasts (-6.2) in December

 

European Monetary Union Business Climate below expectations (0.99) in December: Actual (0.82)

European Monetary Union Business Climate below expectations (0.99) in December: Actual (0.82)

 

European Monetary Union Services Sentiment came in at 12, below expectations (12.3) in December

European Monetary Union Services Sentiment came in at 12, below expectations (12.3) in December

 

European Monetary Union Industrial Confidence came in at 1.1 below forecasts (2.9) in December

European Monetary Union Industrial Confidence came in at 1.1 below forecasts (2.9) in December

 

European Monetary Union Economic Sentiment Indicator registered at 107.3, below expectations (108.2) in December

European Monetary Union Economic Sentiment Indicator registered at 107.3, below expectations (108.2) in December

 

Bundesbank: Looking through the recent volatility in German economic data

Bloomberg reports the responses by the German central bank, Bundesbank (Buba) following the release of the German industrial production data that fell

 




China’s ForeignMin planning to release detailed information about talks with US – Global Times

The Global Times is out with the latest headlines, citing that China’s Foreign Ministry is said to release “detailed information” about the latest rou

 

German ForeignMin Maas: No deal Brexit scenario is still an option

Germany’s Foreign Minister Maas is on the wires now, via Reuters, making some comments on the Brexit deal.

Key Headlines:

No deal Brexit scenario is

 

Morning News: January 8, 2019 Crossing Wall Street

These Could Be the World’s Biggest Economies by 2030

Goldman Lifts Outlook for Global Bonds in Face of Slowing Growth

Flipping the Economics of Payi

 

A weed-tech startup backed by an early Juul investor and Canopy Growth just raised $12 million

Headset CEO Cy Scott told Business Insider in an interview that the funds will be used to expand the startup’s presence in Toronto.

 

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, NVDA, PCG) | Markets Insider

Here is what you need to know. 

The global-market rebound continues as US-China trade talks press on. The S&P 500 was set to open up 0.7% after J…

 

GOLDMAN SACHS: These 11 stocks are going to get crushed | Markets Insider

Wild volatility, cybersecurity, and medical devices: These were the 11 best-performing ETFs of 2018

 

WALL STREET WARNS: Get defensive, growth is slowing in nearly every corner of the world | Markets Insider

As concerns of a slowdown in global growth swirl, some experts on Wall Street are suggesting investors bulk up on defensive holdings.
Goldman Sachs just t…

 

‘Big Short’ investor Steve Eisman just joined those sounding the alarm on rising corporate debt

Stocks of such debt have more than quadrupled since the crisis, standing at around $2.7 trillion.

 

An investor crushing 99% of his peers shares his top 3 stock picks for 2019 — one of which is ‘beating Amazon at its own game’

Top-ranked Fidelity portfolio manager Kyle Weaver shares three of his top stock picks for crushing the broader market in 2019.

 

The global market rebound continues as US-China trade talks enter their second day

“Both sides are making encouraging comments that they are on the right track … that is offering some support to equities.”

 

Aurora Cannabis’s stock slips as revenue growth outlook falls shy of some estimates

Canada-based Aurora Cannabis Inc. ACB, +0.77% said Tuesday fiscal second-quarter revenue would be about 4-to-5 times what it was a year ago. The compa

 

Helen of Troy beats profit and revenue expectations, trims sales outlook

Helen of Troy Corp. HELE, -0.72% reported Tuesday fiscal third-quarter earnings and revenue that beat expectations, but trimmed its full-year sales ou

 




Southwest load factor falls more than expected

Southwest Airlines Co. LUV, +0.02% reported Tuesday fourth-quarter load factor that fell more than expected, as growth in the supply of seats outpaced

 

Boston Scientific reports preliminary sales in line with expectations

Boston Scientific Corp. BSX, +0.61% reported Tuesday it preliminary fourth-quarter sales of $2.56 billion, up 6.3% from a year ago and in line with th

 

Market Sentiment Less Negative, Trader Confidence Rises | Webinar

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers ge…

 

Technical Outlook for the USD Index, EUR/USD, Gold Price & More

The DXY is rolling over and with it the Euro is on the verge of a breakout, gold extended but to maintain a bid with the help of slope support and the Dollar…

 

ملخص اسواق العملات ليوم الثلاثاء 08/01/2019 من موقع ديلي فوركس

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

 

Daily Market Roundup (January 08, 2019) – By DailyForex

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

 

An engulfing technical outlook for US equities, gold, oil and treasuries – 8th January 2019

Michael takes a look at US markets, US treasuries, gold and oil prices and poses the possibility that we could be set for a turnaround in sentiment in the ea…

 

Cheer Up

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Have a nice trading!




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