Heads-up News 

New York Trading Session Heads Up Wednesday, June 19, 2019

New York opening news digest

OPEC Farce Sees Yet Another Oil Ministers’ Meeting Postponed

Crude cartel is finding it hard to build consensus in a global oil market struggling with demand concerns and rising U.S. output.

 

Italy’s Mini-BOTs: Fiscal Stimulus or Illegal Parallel Currency?

Matteo Salvini’s government continues to drive up risk premiums as key figures hint at the possibility of issuing small government securities to overcome their ongoing budget crisis. Some politicians have even consider returning to a national currency and monetary independence.

 

Crude Oil Price Building a Base, US Intentions Remain the Key Driver

Crude oil is continuing to build a base, after the recent sell-off over the last few weeks, and the next move will be predicated by words and actions between the US and China and Iran.

 

Dow Jones Rips Towards Record Highs; DAX, Oil Charts & More

Stocks are moving higher with force towards new highs while oil tries to rally with them; both stocks and oil could find problems in maintaining their footing.

 

FTSE 100 Outlook – Rally Has Price Extending into Resistance Levels

The FTSE popped yesterday with other global markets, has a couple of degrees of trend resistance to pay attention to starting now.

 

Intermarket Analysis with Samantha LaDuc | Podcast

Intermarket analysis is discussed by Samantha LaDuc on the podcast Trading Global Markets Decoded, hosted by Tyler Yell.

 

Sterling (GBP) Price: UK Inflation Back at 2%, UK Leadership Vote Round 3

GBPUSD nudged a fraction higher after the latest inflation data came in-line with expectations ahead of Thursday’s BOE meeting. Sterling traders will now eye round 3 of the UK Leadership contest.

 

Gold Price Outlook Bullish Longer Term, Focus on Fed Meeting

Gold Price Outlook Bullish Longer Term, Focus on Fed Meeting

 

Sterling Price Outlook: GBP/JPY Eyes a Multi-Month Low as Sell-Off Continues

GBP/JPY at its lowest levels since the start of the year.

 

USD/CAD stays calm below 1.34 ahead of Canadian inflation data, FOMC meeting

Despite the broad-based USD strength on Tuesday, the USD/CAD pair posted losses as the rallying crude oil prices helped the commodity-related loonie o

 

EUR/USD looks to extend gains above 1.1200 ahead of FOMC

The shared currency is regaining some ground after yesterday’s ECB-led sell-off and is now lifting EUR/USD to the 1.1200 neighbourhood, or daily highs

 




BoJ to reinforce its dovish policy position – Rabobank

Jane Foley, senior FX strategist at Rabobank, suggests that the US Fed is widely expected to lay the groundwork for easing at today’s FOMC meeting and

 

United States MBA Mortgage Applications down to -3.4% in June 10 from previous 26.8%

United States MBA Mortgage Applications down to -3.4% in June 10 from previous 26.8%

 

Fed to signal readiness to ease policy – TDS

Analysts at TD Securities are expecting the US Fed to signal readiness to ease policy but to stop short of committing to a near term cut at Wednesday’

 

USD/TRY volatile, fades the spike beyond 5.91

The Turkish Lira is giving away part of recent gains and is now lifting USD/TRY to level beyond 5.91 the figure although the up move lost traction aft

 

NZD/USD consolidates Tuesday’s gains, trades above 0.65 ahead of key events

After adding 40 pips and closing the day at 0.6535, the NZD/USD has gone into a consolidation phase as investors moving to the sidelines ahead of key

 

UK: No surprises in inflation data – TDS

TD Securities analysts note that UK’s May inflation came in largely as expected, with core inflation a tick higher at 1.7% y/y while headline inflatio

 

USD/JPY technical analysis: Oscillates in a familiar trading range, FOMC eyed for fresh directional impetus

Meanwhile, neutral technical indicators on hourly charts have been supportive of a firm intraday directional move, albeit bearish oscillators on the d

 

ECB’s De Guindos: Risks are tilted to downside, if they start to materialize, we will react

While speaking in an interview with CNBC, European Central Bank (ECB) Vice President noted that risks surrounding the euro area are tilted to the down

 

BoE: Policy likely to be on hold – TDS

According to analysts at TD Securities, with economic data mixed and Brexit/politics muddling the outlook, the BoE’s MPC is likely to vote unanimously

 

Germany’s Michelbach: Draghi’s “uncoordinated” comments on further monetary policy measures is alarming

Reuters reports the latest comments by the German Merkel’s Conservative bloc (CSU) lawmaker Michelbach, as he offers his take on the European Central

 

United Kingdom CBI Industrial Trends Survey – Orders (MoM) came in at -15, below expectations (-12) in June

United Kingdom CBI Industrial Trends Survey – Orders (MoM) came in at -15, below expectations (-12) in June

 

UK: Core CPI dips to 1.7% in May – ING

James Smith, developed markets economist at ING, suggests that the fact that UK core inflation has now been below the Bank of England’s 2% target sinc

 




USD/CHF retreats farther below parity mark, focus remains on the Fed

The USD/CHF pair extended its steady intraday slide and weakened farther below the parity mark, hitting fresh session lows in the last hour. The pair

 

US Treasury Official: Considering issuing debt linked to new reference rate

A US Treasury official made a statement last minutes that the Treasury Department is considering issuing debt linked to new reference rate, the Secure

 

Germany 30-y Bond Auction dipped from previous 0.53% to 0.26%

Germany 30-y Bond Auction dipped from previous 0.53% to 0.26%

 

EUR/JPY trims losses and returns to 121.40 ahead of FOMC

Following the earlier drop to the vicinity of 121.00 the figure, EUR/JPY has managed to pick up some pace and retake the 121.40/50 band, returning to

 

WTI back in the red around $ 54 on fading trade optimism; EIA, Fed eyed

WTI (futures on Nymex) is seen breaking its bullish consolidation phase to the downside in the European session, as the bears appear to take back char

 

ECB’s de Guindos: Central bank foresees lingering softness in the short-term

ECB vice president, Luis de Guindos crossed the wires in the last hour and reiterated that the central bank has a wide range of tools available, inclu

 

ECB: Draghi stepped up dovishness – ABN AMRO

ABN AMRO analysts point out that during the opening speech at the ECB Forum on Central Banking in Sintra, ECB president Mario Draghi sounded even more

 

UK PM Candidate Stewart: Talking with fellow candidate Gove about combining forces – BBC

The UK PM Candidate Rory Stewart said that he talking with Michael Gove about combining forces in the Conservative Party’s leadership contest, BBC New

 

GBP/JPY technical analysis: Move beyond mid-136.00s (38.2% Fibo.) to pave way for additional recovery

Meanwhile, technical indicators on the 1-hourly chart have been gaining positive traction and also recovered from the negative territory on the 4-hour

 

EUR/GBP meets support near the 0.8900 handle post-CPI

The now better tone in the Sterling is forcing EUR/GBP to leave the area of daily highs and re-focus on the downside around the 0.8900 handle. EUR/GBP

 

Canada: CPI likely to firm to 2.2% in May – TDS

According to analysts at TD Securities, Canada’s CPI is projected to firm to 2.2% y/y in May, with prices up 0.2% on the month. Key Quotes “Energy wil

 

European Monetary Union Construction Output s.a (MoM) below forecasts (1.1%) in April: Actual (-0.81%)

European Monetary Union Construction Output s.a (MoM) below forecasts (1.1%) in April: Actual (-0.81%)

 




European Monetary Union Construction Output w.d.a (YoY) came in at 3.9%, above expectations (1.9%) in April

European Monetary Union Construction Output w.d.a (YoY) came in at 3.9%, above expectations (1.9%) in April

 

Iran’s President Rouhani: Pulling out of some commitments under the nuclear deal is ‘minimum’ measures

Iranian President Rouhani was reported by Reuters last minutes, as he responds to the latest statement by Iran’s Atomic Energy Organization, citing th

 

Fed preview: Rate cut signals at June meeting? – Nordea Markets

Anders Svendsen, analyst at Nordea Markets, suggests that they doubt that the US Fed will be ready to cut its policy rates at today’s FOMC meeting but

 

Gold flirting with session lows, just above $1240 level

Gold prices edged lower through the early European session on Wednesday and extended the previous session’s intraday pullback from levels beyond the $

 

Morning News: June 19, 2019 Crossing Wall Street

Global Economic Growth Is Already Slowing. The U.S. Trade War Is Making It Worse.

Globalization Is Moving Past the U.S. and Its Vision of World Order

 

10 things you need to know before the opening bell | Markets Insider

Here is what you need to know.
1. The Federal Reserve will provide its monthly policy update today. Fed Chairman Jerome Powell could signal the central ban…

 

The market’s safest assets have become the world’s most crowded trade — and it shows just how worried everyone is about the trade war | Markets Insider

Government bonds are the top crowded trade for global fund managers, according to a survey conducted by Bank of America Merrill Lynch. 
Fears over tr…

 

These 3 chart-based market signals can help investors remove emotion from their process and achieve super-sized profits

Fundamentals only tell one side of the story. An evidence-based, technical approach vastly stacks the deck in a trader’s favor.

 

Stock traders are holding tight in case the Fed ‘spoils the party’ | Markets Insider

Markets were flat on Wednesday as they waited to see if the Federal Reserve would signal its willingness to cut interest rates during its monthly policy u…

 

CannTrust to enter U.S. via hemp joint venture with California’s Elk Grove Farming

Canadian cannabis company CannTrust Holdings Inc. said Wednesday it is establishing a U.S. operation in a joint venture with Elk Grove Farming Co. LlC, a…

 

Winnebago’s stock set to fall after profit beats, but revenue misses on weak motorhome sales

Winnebago Industries Inc. reported Wednesday a fiscal third-quarter profit that beat expectations but revenue that missed, as weakness in its motorhome…

 

Axalta shares soar 10% premarket after company says it’s reviewing strategic options

Axalta Coating Systems Ltd. shares soared 10% in premarket trade Wednesday, after the paint company said its board has started a review of its strategic…

 




Qatar Airways orders additional 5 Boeing 777 freighters in deal valued at $1.8 billion

Qatar Airways has committed to purchase an additional five Boeing 777 freighters valued at $1.8 billion at list prices, the airline announced on Wednesday….

 

Coach parent Tapestry names former Abercrombie & Fitch executive as its CFO

Shares of Coach and Kate Spade parent Tapestry Inc. said Wednesday it named Joanne Crevoiserat as its chief financial officer, effective Aug. 1. Crevoiserat…

 

Southwest raises RASM guidance, extends expected timeline for 737 Max 8 grounding

Shares of Southwest Airlines Co. were little changed in premarket trading Wednesday, after the air carrier raised its second-quarter unit revenue guidance…

 

Dow Jones Rips Towards Record Highs; DAX, Oil Charts & More

Stocks are moving higher with force towards new highs while oil tries to rally with them; both stocks and oil could find problems in maintaining their footin…

 

ملخص اسواق العملات ليوم الاربعاء 19/06/2019 من موقع ديلي فوركس

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

 

Daily Market Roundup (June 19, 2019) – By DailyForex

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

 

Gold set for ‘plenty more upside’

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Serge Berger from TheSteadyTrader.com provides his technical analysis insights on gold…

 

Cheer Up

Adage:

Before you attempt to beat the odds, be sure you can survive the odds beating you.

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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