Heads-up News 

New York Trading Session Heads Up Wednesday, May 15, 2019

New York opening news digest

Slow Sales In China Highlight Tesla’s Demand Problem

Yes, I realize Tesla is known for channel-stuffing at the end of its fiscal quarters, but at this point I don’t see any road to achievement of even the low-end of Tesla management’s guidance for 360,000 – 400,000 unit deliveries in 2019–guidance that was reiterated only two weeks ago.

 

USD/CAD Technical Analysis: Eyeing a Bullish Break of Resistance?

USD/CAD moving in a sideways pattern, But in a higher level

 

Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, AUDCAD

Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, AUDCAD

 

Crude Oil Prices Fail to Benefit from Middle East Tensions

Crude oil prices still look more likely to move lower than higher as news of a surprise increase in US inventories outweighs continuing turbulence in the Gulf.

 

EURGBP Price Outlook – Rally Running Out of Momentum

EURGBP recent move higher saw the pair hit a near two-month high but further gains may be limited as a group of resistance levels near.

 

DAX 30 Trading at Important Trend Test, Pass or Fail Time

The DAX is trading around important trend-line, channel support and how it reacts here could be important for its intermediate-term outlook.

 

AUD Price Outlook: Downward Trend in AUDUSD Accelerating

The Australian Dollar’s recent slide is gaining momentum on weak Chinese data and the general ‘risk off’ tone in the markets.

 

Gold Price Flashes Overbought Signal, Silver Price Constrained by Technical Resistance

Gold continues to trade in overbought territory, according to one technical indicator, and recent gains may be trimmed further. Silver however is struggling move decisively out of oversold territory.

 

EURUSD Price Outlook: Recents Lows Look Vulnerable

EURUSD remains weak and recent lows may be tested in the short-term as sellers continue to control price action.

 

Gold Price Outlook Hinges on US Dollar, Bond Yields Divergence

The outlook for gold prices is likely to be shaped by the conflicting influence of bond yields and the US Dollar as sentiment sours anew across global financial markets.

 

When are US monthly retail sales figures and how could they affect EUR/USD?

US monthly retail sales overview Wednesday’s US economic docket highlights the release of monthly retail sales figures for the month of April, schedul

 




Turkey Budget Balance climbed from previous -24.5B to -18.32B in April

Turkey Budget Balance climbed from previous -24.5B to -18.32B in April

 

Italy’s Deputy PM Salvini: EU fiscal rules are impoverishing the continent, the rules must be changed

Italian Deputy Prime Minister (PM) Salvini crossed the wires in the last minutes arguing that the EU’s fiscal rules were impoverishing the European co

 

Poland NBP Base rate in line with forecasts (1.5%)

 

South Africa Retail Sales (YoY) below forecasts (0.6%) in March: Actual (0.2%)

South Africa Retail Sales (YoY) below forecasts (0.6%) in March: Actual (0.2%)

 

United States MBA Mortgage Applications dipped from previous 2.7% to -0.6% in May 10

United States MBA Mortgage Applications dipped from previous 2.7% to -0.6% in May 10

 

GBP/JPY slides to multi-month lows near 141 as risk aversion returns

After closing the previous day virtually unchanged near 141.50, the GBP/JPY pair came under a renewed selling pressure on Wednesday and slumped to its

 

France: Positive news on the employment front – BNP Paribas

Hélène Baudchon, analyst at BNP Paribas, points out that for the French economy private payrolls gains have been on an upward trend (+31k in Q3 2018,

 

USD/TRY edging higher, approaches the 6.10 area

The Turkish currency is losing ground on Wednesday and is pushing USD/TRY to the vicinity of the key 6.10 mark. USD/TRY stronger, looks to trade, US d

 

CNY: Calm even with disappointing economic data – ING

According to Iris Pang, economist at ING, Chinese yuan is more of a political tool in the trade war than an economic tool, which is confirmed with tod

 

UK Brexit Sec. Barclay: If commons rejects it then the Barnier deal is dead

Additional comments from British Brexit Secretary Barclay continue to cross the wires with key quotes, via Reuters, found below. Will vote on may’s wi

 

US-China trade war: What to expect going forward? – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO, suggests that it is difficult to predict how the negotiations between the US and China will procee

 

UK Brexit Sec. Barclay: Parliament to vote on withdrawal bill in the week commencing June 3

British Brexit Secretary Barclay crossed the wires in the last minutes saying that parliament will have the opportunity to vote on the withdrawal bill

 




WTI looks vulnerable below $ 61 amid softer risk tones, focus on EIA

WTI (futures on Comex) broke its Asian consolidation phase to the downside and tested the 61 handle following a major turnaround in the risk sentiment

 

USD/CHF slides back closer to multi-week lows, near 1.0050 area

• Reviving safe-haven demand underpins CHF and prompts some fresh selling on Wednesday. • Sliding US bond yields keep the USD bulls on the defensive

 

China: Authorities to step up stimulus further – ABN AMRO

Arjen van Dijkhuizen, senior economist at ABN AMRO point out that on the monetary front, the Chinese authorities have taken several measures to safegu

 

Indonesia: BI to keep the policy unchanged – TDS

According to analysts at TD Securities after the Bank Indonesia left policy rates unchanged at its April meeting, they are expecting the same this mon

 

EUR/USD keeps 1.1200 on EMU data, looks to trade

The bid tone stays unchanged around the shared currency so far today, with EUR/USD managing well to keep the trade above 1.1200 the figure for the tim

 

China: Slowdown in the activity data continues in May – ING

According to Iris Pang, economist at ING, if the slowdown in the activity data continues in May and June, China’s GDP growth could fall below 6.0% YoY

 

USD/CAD consolidates in a range, above mid-1.3400s ahead of US/Canadian macro data

• Weaker oil prices undermine Loonie and helped regain some positive traction. • Sliding US bond yields/subdued USD demand do little to provide an ad

 

UK Trade Sec. Hunt: Lawmakers will have to consider consequences of failing to deliver a Brexit deal

UK Trade Secretary Jeremy Hunt is on the wires now, via Reuters, noting that the lawmakers will have to consider the consequences of failing to delive

 

Germany’s Altmaier: Economy hasn’t fully emerged from weak period

Further comments are out on the wires by Germany’s Economy Minister Peter Altmaier, as he continues to speak on the German economic situation. The eco

 

Eurozone flash Q1 GDP steadies at 0.4% q/q, meets estimates

According to the second revision of the Eurozone GDP published by Eurostat, the statistical office of the European Union, the Eurozone economy expande

 

European Monetary Union Gross Domestic Product s.a. (QoQ) in line with expectations (0.4%) in 1Q

European Monetary Union Gross Domestic Product s.a. (QoQ) in line with expectations (0.4%) in 1Q

 

European Monetary Union Gross Domestic Product s.a. (YoY) meets forecasts (1.2%) in 1Q

European Monetary Union Gross Domestic Product s.a. (YoY) meets forecasts (1.2%) in 1Q

 




European Monetary Union Employment Change (YoY) registered at 1.3% above expectations (1.2%) in 1Q

European Monetary Union Employment Change (YoY) registered at 1.3% above expectations (1.2%) in 1Q

 

European Monetary Union Employment Change (QoQ) in line with expectations (0.3%) in 1Q

European Monetary Union Employment Change (QoQ) in line with expectations (0.3%) in 1Q

 

China: April growth weakened due to distortions – Standard Chartered

Standard Chartered analysts point out that China’s activity weakened across the board in April with real growth rates of industrial production (IP), r

 

USD/JPY technical analysis: Drops to trading range support amid reviving safe-haven demand

• A sudden move lower in the US equity futures and European stocks exerted some downward pressure on the USD/JPY pair, which finally broke down of it

 

US: Retail sales and industrial production in the limelight – TDS

Analysts at TD Securities are expecting another firm increase in the US retail sales with the control group (+0.5% m/m) the main driver behind a 0.3%

 

Morning News: May 15, 2019 Crossing Wall Street

The Global Economy Was Improving. Then the Fighting Resumed.

China’s Economy Lost Momentum Even Ahead of Trump’s New Tariffs

Trump’s Tariffs, Once S

 

10 things you need to know before the opening bell

Here is what you need to know.

 

Short sellers are betting $768 million that Uber IPO will fall even further — but it could have been worse

Fees to borrow Uber stock are low compared big-tech IPOs like Facebook, suggesting demand isn’t as high to short its shares.

 

The brightest minds on Wall Street say companies are sitting on a ticking time bomb that could spark a rash of bankruptcies — and make the next recession even worse

A record portion of the investment-grade bond market sits just one step above junk status, and any economic turbulence could create big problems.

 

Equities slide on trade war concerns — ‘This market is trading on the whimsy of Donald Trump’ | Markets Insider

European equities and US futures fell on Wednesday as investors worried about the trade war.
Asian stocks rallied on renewed potential for a trade deal an…

 

Children’s Place surprises with quarterly profit, beating guidance for a loss

Children’s Place Inc. shares soared 7% in Wednesday premarket trading after the retailer reported a first-quarter profit compared with FactSet consensus for…

 

Alibaba’s stock surges after earnings and revenue rise, beat FactSet expectations

Shares of Alibaba Group Holding Ltd. surged 4.2% in active premarket trade Wednesday, after the China-based e-commerce giant reported fiscal fourth-quarter…

 




Restaurant Brands to expand Burger King, Tim Hortons and Popeyes to 40,000 restaurants globally

Restaurant Brands International Inc. said Tuesday it is planning to expand its Burger King, Tim Hortons and Popeyes brands to more than 40,000 restaurants…

 

Dow Jones at 200-day; Crude Oil, Gold Price Charts & More

The Dow is trading around the widely-watched 200-day while crude oil wobbles at support and gold tries to maintain an upward trading bias. #dow #crudeoil #go…

 

ملخص اسواق العملات ليوم الاربعاء 15/05/2019 من موقع ديلي فوركس

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

 

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