Heads-up News 

New York Trading Session Heads Up Tuesday, May 14, 2019

New York opening news digest

Five Reasons The Next Recession Will Be Different And How The New Tax Law Will Likely Inflict Pain

The Tax Cuts and Jobs Act has far-reaching effects which might complicate the lives of business owners. Two provisions will be especially significant, Net Operating Losses and Excess Loss Limitation. Find out how your business may feel the squeeze in the next recession.

 

Big City Residents Have A Much Heavier Taxpayer Burden Than They Realize

Residents in America’s ten most populous cities have a much heavier debt burden then they are aware. Unfortunately, a significant number of municipalities do not publish all their liabilities such as housing authorities and school districts. Residents are also liable for county & state spending.

 

Dollar Turning Bullish; Euro, AUDUSD, Gold Price Chart Set-ups

The Dollar has been soft but the chart is beginning to take on a bullish form; outlook for currencies is bearish, but gold has bullish momentum.

 

Crude Oil Price Outlook: Weak on Concerns About Global Demand

Worries that the US-China trade war could damage economic growth worldwide are holding back oil prices despite Gulf tensions and ongoing supply disruptions.

 

EURUSD Muted Despite Negative Economic Outlook, Focus on Euro-zone GDP

Whilst Sterling remains Brexit focused, the EURUSD saw some muted downward pressure as traders remains focused on trade war developments. Euro-zone GDP to be released on Wednesday.

 

Gold Prices Post Breakout of Downtrend from 2019 Peak

Gold Prices Post Breakout of Downtrend from 2019 Peak

 

Yen May Resume Climb as German ZEW, Fed Comments Spook Markets

The anti-risk Japanese Yen may rally anew after a brief pullback as soft German ZEW data and fading Fed rate cut hopes spook already shell-shocked financial markets.

 

GBP/JPY clings to modest recovery gains, around 142.00 handle

• Improving risk sentiment undermines JPY’s safe-haven demand and extended some support. • The short-covering bounce seemed rather unaffected by Tues

 

US Pres. Trump: When the time is right we will make a deal with China

Additional comments from U.S. President Donald Trump cross the wires as he continues to talk about the trade dispute with China on his favourite platf

 

EUR/JPY stays bid above the 123.00 handle

The selling bias around the Japanese safe haven is sponsoring the up move in EUR/JPY to levels above the key 123.00 the figure, although losing some m

 

US Pres. Trump: We are in a much better position now than any deal we could have made

Additional comments from U.S. President Donald Trump cross the wires as he continues to talk about the trade dispute with China on his favourite platf

 




China: Retaliation is gentle – ING

Iris Pang, economist at ING, suggests that according to their trade research, the retaliation from China is gentle as the increase in tariffs on US$60

 

AUD/USD stays dangerously close to multi-month lows below 0.6950

The AUD/USD pair lost 50 pips on Monday and touched its lowest level since the flash crash of January 2nd at 0.6939. With the pair struggling to make

 

USD/CHF steadily climbs to session tops, 1.0100 handle back on sight

• Trump’s positive trade-related comments ease worries about a full-blown trade war. • Improving risk sentiment weighs on the CHF and prompts some sh

 

US Pres. Trump: We are now a much bigger economy than China

U.S. President Trump, as usual, is delivering his daily comments on the impact of the tariffs they are imposing on Chinese imports in a series of twee

 

Germany: Mixed ZEW data – TDS

TD Securities analysts suggest that despite an improvement in the headline index to 8.2, the German ZEW Expectations Index defied consensus and declin

 

Norway: Slightly more expansionary budget – Nordea Markets

According to Erik Johannes Bruce, analyst at Nordea Markets, Norway’s revised government budget is expansionary and more than assumed in the budget fr

 

USD/JPY faces stiff resistance once again near 109.80, focus on trade

Having reversed most of Monday’s slide, the USD/JPY pair faced rejection once again near the 109.80 region, now consolidating a shade lower near 109.7

 

Eurozone: Industrial production fell 0.3% in March – ING

Bert Colijn, senior economist at ING, notes that the Eurozone’s industrial production fell by 0.3% in March, which was in line with weak survey readin

 

UK: Mixed labour market data – TDS

According to analysts at TD Securities, UK’s labour report for the 3 months ending March provided a mixed batch of news. Key Quotes “The unemployment

 

Fed’s Williams: Tariffs effect on inflation could be significant

More comments flowing in from the New York Fed President, John Williams, as he continues to speak at the Swiss National Bank (SNB) -International Mone

 

Gold retreats from near 1-month tops, slide further below $1300 mark

• Trump’s positive trade-related comments prompt some profit-taking. • Improving risk sentiment dampens the commodity’s safe-haven status. • A subdue

 

South Africa Unemployment Rate (%) up to 27.6% in 1Q from previous 27.1%

South Africa Unemployment Rate (%) up to 27.6% in 1Q from previous 27.1%

 




South Africa Unemployment Total up to 6.2M in 1Q from previous 6.1M

South Africa Unemployment Total up to 6.2M in 1Q from previous 6.1M

 

China ForeignMin Spokesman Geng: Agreed with US to keep talking over trade war

Further comments are crossing the wires from the Chinese Foreign Ministry Spokesman Geng Shuang, as he now says that both countries have agreed to con

 

EUR/USD eases from tops near 1.1250 post-ZEW

The upside momentum in the European currency faltered ahead of 1.1250 and is now motivating EUR/USD to recede a tad to the 1.1240/35 band. EUR/USD sti

 

UK: Jobs data hints trouble could lie ahead for wage growth – ING

James Smith, developed markets economist at ING, points out that as per the latest labour market data of UK, at 3.3%, regular pay growth is continuing

 

AUD/NZD seems likely to struggle – Westpac

Sean Callow, analyst at Westpac, points out that the AUD/NZD rally quickly fizzled out after cash rates converged for the first time since early 2014

 

United States NFIB Business Optimism Index came in at 103.5, above forecasts (102.3) in April

United States NFIB Business Optimism Index came in at 103.5, above forecasts (102.3) in April

 

Spain 3-Month Letras Auction down to -0.49% from previous -0.418%

Spain 3-Month Letras Auction down to -0.49% from previous -0.418%

 

Spain 9-Month Letras Auction down to -0.376% from previous -0.364%

Spain 9-Month Letras Auction down to -0.376% from previous -0.364%

 

German ZEW economic sentiment prints -2.1 in May, a negative surprise

The German ZEW headline numbers for April showed that the economic sentiment index arrived at -2.1 versus 5.0 expectations and 3.1 last. While the sub

 

European Monetary Union ZEW Survey – Economic Sentiment below expectations (1) in May: Actual (-1.6)

European Monetary Union ZEW Survey – Economic Sentiment below expectations (1) in May: Actual (-1.6)

 

Germany ZEW Survey – Current Situation registered at 8.2 above expectations (7.5) in May

Germany ZEW Survey – Current Situation registered at 8.2 above expectations (7.5) in May

 

Germany ZEW Survey – Economic Sentiment came in at -2.1, below expectations (5) in May

Germany ZEW Survey – Economic Sentiment came in at -2.1, below expectations (5) in May

 




US-China trade war getting worst? – Deutsche Bank

Deutsche Bank analysts point out that the awaited China retaliation was the focus yesterday as they announced the raising of tariffs on a number of US

 

European Monetary Union Industrial Production w.d.a. (YoY) came in at -0.6%, above forecasts (-0.8%) in March

European Monetary Union Industrial Production w.d.a. (YoY) came in at -0.6%, above forecasts (-0.8%) in March

 

10 things you need to know before the opening bell

Here is what you need to know.

 

Warren Buffett was wrong about the trade war | Markets Insider

Warren Buffett was off the money when he predicted there wouldn’t be a trade war between the US and China.
‘Two intelligent countries [won’t] do somethin…

 

‘The disruptors will be disrupted’: The man who runs the $100 billion SoftBank Vision Fund offers bold predictions for how different the world will look in 10 years

Rajeev Misra, the CEO of the SoftBank Vision Fund, offers some big-picture forecasts for how different the world will look in 10 years.

 

Asian stocks are following Wall Street’s bloodbath as the US-China trade war heats up | Markets Insider

Asian stocks fell on Monday as traders followed Wall Street’s example and braced themselves for a prolonged trade war.
The worldwide sell-off reflects fea…

 

Cargill invests in company that grows meat using 3D engineering

Cargill announced Tuesday that it’s investing in Aleph Farms, which grows meat from beef cells using 3D tissue engineering. The company demonstrated in…

 

Cronos, MediPharm enter supply deal for private-label cannabis concentrate

Cronos Group Inc. announced Tuesday a supply deal with MediPharm Labs Corp. , in which MediPharm will supply Cronos with about C$30 million ($22.3 million)…

 

Burger King to introduce ‘Impossible Whopper’ in 3 new markets

Fast-food chain Burger King, which is owned by Restaurant Brands International Inc. said Tuesday it is introducing the plant-based ‘Impossible Whopper’ in…

 

CannTrust’s stock surges after surprise profit, but revenue rises less than expected

The U.S.-listed shares of CannTrust Holdings Inc. surged 4.5% in premarket trade Tuesday, after the Canada-based cannabis company reported a surprise…

 

Walmart to roll out next-day delivery for no fee on eligible orders

Walmart Inc. said overnight Tuesday that it will begin offering next-day delivery without a membership fee on eligible orders of $35 or more. The offer will…

 

Small-business optimism index climbs to four-month high in April: NFIB

The small-business optimism index by the National Federation of Independent Business rose to a four-month high in April. The index rose 1.7 points to 103.5,…

 




Market Sentiment Hit by Trade War Worries | Webinar

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

 

Dollar Turning Bullish; Euro, AUDUSD, Gold Price Chart Set-ups

The Dollar has been soft but the chart is beginning to take on a bullish form; outlook for currencies is bearish, but gold has bullish momentum. #usd #eurusd…

 

ملخص اسواق العملات ليوم الثلاثاء 14/05/2019 من موقع ديلي فوركس

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

 

Daily Market Roundup (May 14, 2019) – By DailyForex

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

 

Bitcoin rise half of that seen for Litecoin in 2019

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 As the main component of the crypto space, Bitcoin has been taking most of the headlin…

 

Cheer Up

Adage:

“What’s considered enough money? Just a little bit more”.
(Will Rogers)

Cartoon:


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Have a nice trading!




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