Heads-up News 

Tokyo Trading Session Heads Up Sunday, June 16, 2019

Tokyo opening news digest

Weekly Gold Price Forecast: Outlook Tied to Fed Meeting, Interest Rate Forecast

Gold prices have rallied in recent weeks as Federal Reserve interest rate cut expectations have been aggressively dragged forward. But if the FOMC doesn’t confirm the market consensus that the Fed cut cycle is about to begin, gold prices may have difficult continuing higher in the short-term.

 

UK’s Hancock: PM Candidate Boris Johnson and I have had our differences but he’s the one to unite us – The UK Times

The UK Times recently released a news report quoting the British Health Minister and one of the earlier candidates (who left the race off-late) Matt Hancock.

 

AUD/USD: Bears catch a breath around 4-week low

With fewer catalysts to dominate than the global trade pessimism, the AUD/USD pair takes the rounds near 0.6870 during the early Asian session on Monday.

 

NZD/USD clings to 0.6500 in search of fresh clues

Having witnessed heavy downpour during last-week, the NZD/USD pair trades modestly flat near 0.6500 at the start of Monday’s Asian session.

 

India’s retaliatory tariffs on US come into effect for 28 items – Bloomberg

India retaliate against the US President Donald Trump’s withdrawal of the Generalised System of Preferences (GSP) program.

 

Saudi Energy Minister hopes OPEC agrees to extend production cut ‘early July’ – Reuters

Reuters came out with a news report on Sunday quoting Saudi Energy Minister Khalid al-Falih.

 

ECB’s De Guindos: The EU central bank will act if inflation expectations are de-anchored – Reuters

ECB Vice President Luis de Guindos was quoted by Reuters on Saturday mentioning that needs to push the central bank further towards easing.

 

Tasnim: Iran to scale back nuclear deal commitments – Reuters

Reuters quoted Iran’s semi-official Tasnim news agency report mentioning that Iran will announce moves on Monday to scale back compliance with nuclear deal.

 

Chinese state media warns retaliation against US tariffs could ‘become routine’ – South China Morning Post

Chinese newsletter recently spotted social media updates form a state media handle playing down chances of any fruitful results of G20 meeting.

 

Cheer Up

Adage:

Q: How do you know when the economy is getting worse?
A: People start standing behind George W Bush just to get the free shoes!

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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