Heads-up News 

New York Trading Session Heads Up Tuesday, June 18, 2019

New York opening news digest

Alibaba’s Hong Kong Listing May Spur A Wave Of Homecomings For China’s Tech Firms

Chinese e-commerce giant Alibaba is moving ahead with its secondary share sale in Hong Kong, and more Chinese tech firms may also move closer to home markets amid escalating U.S.-China tensions.

 

Bitcoin Is Up 145% YTD, What Does This Mean?

After gaining more than 145% year-to-date, traders and speculators are divided in their opinion. The open interest for the Bitcoin’s June contract is still rising but the CFTC data shows more short positions

 

Facebook Could Change The Game For Bitcoin, ETH, XRP, And Litecoin

Facebook’s plans to launch its own cryptocurrency could change the game for Bitcoin, ETH, XRP, Litecoin, and other cryptocurrencies, in a positive and a negative way.

 

Dollar Chart Outlook: EURUSD, AUDUSD, USDJPY & More

The Dollar is propelling its way higher towards resistance; can it break out or will it be more of the same, stop and reverse?

 

FTSE 100 vs FTSE 250: Impact of GBPUSD and Brexit Outlook

FTSE 100 vs FTSE 250: Impact of GBPUSD and Brexit Outlook

 

Sterling (GBP) Gripped by UK Leadership Vote, Hard Brexit Fears

GBPUSD continues to struggle around 2019 lows as the second round of voting for the Conservative leadership continues with the result expected late afternoon. And Brexiteer Boris Johnson, is currently a huge odds-on favorite for the role.

 

EUR Hit Hard as Draghi Hints at Further QE, Key Focus on ECB Sintra Panel

EUR is eyeing its worse trading day in June as Mario Draghi reiterates that further economic stimulus is to be expected if market conditions continue to worsen. EURUSD falls below 1.1200 for the first time since the beginning of the month.

 

US Dollar Price Eying FOMC Meeting – USD/CAD Price Important Resistance to Watch

Eyes on Fed rate decision for US Dollar and Canadian CPI numbers due to release tomorrow.

 

Gold Price Chart Patterns Set It Up for Selling This Week

Gold posted a strong reversal on Friday at a very big area of resistance; both gold and silver look headed lower in the days ahead.

 

ECB sees rate cut as primary tool for any potential further stimulus – Bloomberg

 

US Pres. Trump: Draghi making it unfairly easier to compete against US by lowering euro

U.S. President Trump recently noted that the euro weakened against the dollar after European Central Bank president Draghi announced more stimulus and

 




US: Housing data in the limelight – TDS

Analysts at TD Securities suggest that the US housing starts are expected to advance mildly in May, rising 0.4% m/m to 1,240k. Key Quotes “This would

 

Russia’s Novak: Sees an extension of OPEC+ deal end of June or start of July

Adding to his earlier comments about Russia being open to new dates for the OPEC+ meeting, Russian Energy Minister Alexander Novak said that he saw th

 

Germany: Mixed ZEW data – TDS

Analysts at TD Securities note that the German ZEW survey offered the first glimpse at survey indicators for June, and the survey’s expectations compo

 

NZD/USD jumps back closer to Monday’s swing high, around 0.6515

The NZD/USD pair jumped around 25-pips in the last hour or so and spiked back closer to the previous session’s swing high, around the 0.6515 region. T

 

China: What to expect from the G20 summit? – Standard Chartered

Standard Chartered analysts point out that their clients see the G20 summit on 28-29 June as a pivotal event that may determine the intensity of US-Ch

 

ECB: Extremely dovish speech from Draghi – TDS

TD Securities analysts point out that the ECB President Draghi opened the first full day of the ECB’s Sintra conference with an extremely dovish speec

 

United Kingdom 10-y Bond Auction: 0.889% vs previous 1.109%

United Kingdom 10-y Bond Auction: 0.889% vs previous 1.109%

 

USD/TRY drops to 3-day lows near 5.82, as Lira keeps appreciating

The Turkish Lira is extending the upside momentum in the first half of the week and is now dragging USD/TRY to fresh 3-day lows in the 5.82 region. US

 

Russia’s Novak: Russia open to new dates for OPEC+ meeting

Russian news agencies reported the comments by the Russian Energy Minister Alexander Novak, as he said that Moscow was open to new dates for a meeting

 

WTI keeps range around $ 52 mark ahead of API data

WTI (futures on Nymex) extends its range trade around the 52 handle in the European session, unable to find a clear direction amid mixed market sentim

 

ECB: Another easing package? – Nordea Markets

Jan von Gerich, analyst at Nordea Markets, suggests that the size and composition of any further ECB easing would naturally depend on the severity of

 




GBP/JPY holds weaker near multi-month lows ahead of Tory leadership contest, Carney’s speech

The GBP/JPY cross now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow trading band just above mid-135.00s, o

 

EUR/USD tumbles to fresh lows in the 1.1180 region on poor data, Draghi

The sentiment around the shared currency keeps deteriorating so far today and is now sending EUR/USD to clinch fresh 2-week lows in the 1.1180 region.

 

German ZEW economic sentiment dives to -21.1 in June, a huge miss (EUR extends losses)

The German ZEW headline numbers for June showed that the economic sentiment index arrived at -21.1 versus -5.9 expectations and -2.1 last. While the s

 

European Monetary Union Consumer Price Index (MoM) registered at 0.1%, below expectations (0.2%) in May

European Monetary Union Consumer Price Index (MoM) registered at 0.1%, below expectations (0.2%) in May

 

China: Trade war puts recovery at risk – Danske Bank

In view of analysts at Danske Bank, China’s growth recovery is likely to be delayed by further trade war escalation, but stimulus is set to cushion th

 

European Monetary Union Consumer Price Index – Core (MoM) below expectations (0%) in May: Actual (-0.1%)

European Monetary Union Consumer Price Index – Core (MoM) below expectations (0%) in May: Actual (-0.1%)

 

European Monetary Union Consumer Price Index – Core (MoM) meets forecasts (0%) in May

European Monetary Union Consumer Price Index – Core (MoM) meets forecasts (0%) in May

 

European Monetary Union Consumer Price Index (MoM) meets forecasts (0.2%) in May

European Monetary Union Consumer Price Index (MoM) meets forecasts (0.2%) in May

 

Eurozone final core CPI steadies at 0.8% y/y in May vs. 0.8% expected, EUR/USD renews 2-week lows

According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.2% on a yearly basis, confirming the flash estimate. Wh

 

European Monetary Union Trade Balance s.a. below expectations (€18.5B) in April: Actual (€15.3B)

European Monetary Union Trade Balance s.a. below expectations (€18.5B) in April: Actual (€15.3B)

 

European Monetary Union ZEW Survey – Economic Sentiment came in at -20.2 below forecasts (-3.6) in June

European Monetary Union ZEW Survey – Economic Sentiment came in at -20.2 below forecasts (-3.6) in June

 




European Monetary Union Consumer Price Index (YoY) in line with forecasts (1.2%) in May

European Monetary Union Consumer Price Index (YoY) in line with forecasts (1.2%) in May

 

European Monetary Union Consumer Price Index – Core (YoY) meets forecasts (0.8%) in May

European Monetary Union Consumer Price Index – Core (YoY) meets forecasts (0.8%) in May

 

European Monetary Union Trade Balance n.s.a. came in at €15.7B, above expectations (€8.8B) in April

European Monetary Union Trade Balance n.s.a. came in at €15.7B, above expectations (€8.8B) in April

 

Germany ZEW Survey – Economic Sentiment registered at -21.1, below expectations (-5.9) in June

Germany ZEW Survey – Economic Sentiment registered at -21.1, below expectations (-5.9) in June

 

Morning News: June 18, 2019 Crossing Wall Street

How Japan Turned Against Its ‘Bazooka’-Wielding Central Bank Chief

What Businesses Claim Will Hurt Them (and You) if New Trump Tariffs Take Effect

I

 

10 things you need to know before the opening bell

Here is what you need to know.

1. The Federal Reserve is meeting today and Wednesday. Traders are hoping the central bank will signal its intention t

 

Trump’s trade wars are putting the US economy at risk. But the Federal Reserve doesn’t appear ready to step in just yet. | Markets Insider

The Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting.
Trump has increased pressure on the i…

 

GOLDMAN SACHS: Investors are boldly ignoring major risks to mega-cap tech. Here’s what they should do before it’s too late.

Goldman Sachs has a stark warning for large-cap technology stock investors: Get out while you still can.

 

Traders waiting for the Fed’s ‘moment of truth’ are sending global stocks higher | Markets Insider

Stocks rose on Tuesday as traders waited for signs from the Federal Reserve that it will cut interest rates.
While the Federal Open Market Committee isn’t…

 

The UK fintech that aims to insure the gig economy just won more funding. Here’s why one VC said he’s ‘doubled down again’ on backing the startup.

“Insurtech” startup Zego has secured $42 million in series B funding to boost its European expansion. “It was a competitive funding round,” says a VC.

 

Facebook’s stock set to rise more than 2% after official launch of cryptocurrency Libra coin

Facebook Inc. on Tuesday said it will roll out its highly anticipated digital currency next year, intended to be used to make payments over the internet as…

 

Euro drops, global equities rise as ECB’s Draghi hints of more stimulus

The euro fell against the dollar on Tuesday, while European stocks and U.S. stock futures rose after European Central Bank President Mario Draghi indicated…

 




Dollar Chart Outlook: EURUSD, AUDUSD, USDJPY & More

The Dollar is propelling its way higher towards resistance; can it break out or will it be more of the same, stop and reverse? #usd #eurusd #audusd #usdjpy -…

 

Market Sentiment Stabilizing | Webinar

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ملخص اسواق العملات ليوم الثلاثاء 18/06/2019 من موقع ديلي فوركس

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

 

Cheer Up

Adage:

True luck consists not in holding the best of the cards at the table; luckiest is he who knows just when to rise and go home. John Milton Hay

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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