New York opening news digest
|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.|
|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|
|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.|
|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.|
|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|
|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|
|South Africa Total New Vehicle Sales declined to 39.984 in December from previous 47.486|
|Arjen van Dijkhuizen, analyst at ABN AMRO, points out that the Chinese authorities have continued to step up support to counterbalance the drags from|
|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|
|• 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|
|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|
|• The ongoing upsurge in oil prices continues to underpin the Loonie.
• Modest USD rebound/surging bond yields helped limit deeper losses.
|According to Nora Neuteboom, economist at ABN AMRO, Russia’s economic recovery, post the 2014 recession has been sluggish.
|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|
|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, Simon Coveney was out with some comments in the last hour and clarified their stance over the possibilities of Article 50 exte|
|EUR/JPY hourly chart
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|
|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|
|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|
|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%|
|• A modest USD rebound prompts some selling near a key technical hurdle.
• Disappointing Euro-zone economic data adds to the downward pressur
|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 (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|
|According to analysts at BNP Paribas, China’s economic growth will decelerate in 2018-2019 due to both structural and cyclical reasons.
|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 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 Economic Sentiment Indicator registered at 107.3, below expectations (108.2) in December|
|Bloomberg reports the responses by the German central bank, Bundesbank (Buba) following the release of the German industrial production data that fell|
|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|
|Germany’s Foreign Minister Maas is on the wires now, via Reuters, making some comments on the Brexit deal.
No deal Brexit scenario is
|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
|Headset CEO Cy Scott told Business Insider in an interview that the funds will be used to expand the startup’s presence in Toronto.|
|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…
|Wild volatility, cybersecurity, and medical devices: These were the 11 best-performing ETFs of 2018|
|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…
|Stocks of such debt have more than quadrupled since the crisis, standing at around $2.7 trillion.|
|Top-ranked Fidelity portfolio manager Kyle Weaver shares three of his top stock picks for crushing the broader market in 2019.|
|“Both sides are making encouraging comments that they are on the right track … that is offering some support to equities.”|
|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 Corp. HELE, -0.72% reported Tuesday fiscal third-quarter earnings and revenue that beat expectations, but trimmed its full-year sales ou|
|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 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|
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|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…|
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|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…|
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