Visit our new Mobile Website next time you access NetDania with your mobile device
Netdania News
America's roundup: Dollar set for best week in six months, Wall street ends near flat, Gold gains, Oil little changed, in line for weekly loss on slowdown fears-february 9th, 2019

Source FxWire Pro - Media Round Ups Sunday, 10 Feb, 2019 17:07:05 GMT

Market Roundup

• U.S.-China trade talks to resume in Beijing next week -White House

• N.Y. Fed reduces U.S. Q1 GDP growth view to 2.2 pct

• EU urges May to seize Labour opening as way out of Brexit impasse

• Fed's Daly says slowing economy could help prevent recession

• Acting U.S. attorney general snaps at Democrats over Russia probe

• US Dec Consumer Credit, 16.55 bln, 17.00 bln forecast, 22.15 bln previous, 22.41 bln revised

• CA Jan House Starts, Annualized, 208.0k, 205.0k forecast, 213.4k previous, 213.6k revised

• CA Jan Unemployment Rate, 5.8%, 5.7% forecast, 5.6% previous

• CA Jan Employment Change, 66.8k, 8.0k forecast, 9.3k previous, -1.3k revised

• CA Jan Participation Rate, 65.6%, 65.4% forecast, 65.4% previous

Looking Ahead - Economic Data (GMT)

• 11 Feb China Jan FX Reserves (Monthly), 3.082 tln forecast, 3.073 tln previous

Looking Ahead - Events, Other Releases (GMT)

• (3:30 ET/ 08:30 GMT) ECB Vice President Luis de Guindos to deliver speech at the Deusto Business School in Madrid, Spain.

Currency Summaries

EUR/USD: The euro slipped lower against the U.S. dollar on Friday, as stronger dollar and worries about the outlook of the euro zone economy weighed on the single currency. The greenback has benefited from flagging global risk appetite, soured by investors' uncertainty over U.S.-China trade negotiations, slowing global growth, and Britain's chaotic exit from the European Union due next month. The euro was down 0.15 percent at $1.1323. The dollar failed to make the most of the euro's weakness, however. It traded a shade higher against its major rivals as trade tensions remained dominant. Immediate resistance can be seen at 1.1358 (50% retracement level), an upside break can trigger rise towards 1.1389 (61.8% retracement level).On the downside, immediate support is seen at 1.1321 (38.2% retracement level), a break below could take the pair towards 1.1280 (23.6% retracement level).

GBP/USD: British pound declined against the dollar on Friday, as stronger dollar and Brexit concerns weighed on British pound. The pound has strengthened in 2019 on expectations that a disorderly no-deal Brexit can be averted but worry among investors has returned with less than two months until Britain is due to exit the EU and no obvious path to a deal in sight.The pound fell to low of $1.2922, down 0.2 percent on the day. Immediate resistance can be seen at 1.2990 (21 DMA), an upside break can trigger rise towards 1.3048 (11 DMA).On the downside, immediate support is seen at 1.2895 (100 DMA), a break below could take the pair towards 1.2852 (Feb 7th Low).

USD/CAD: The Canadian dollar strengthened against U.S. counterpart on Friday, as stronger-than-expected gain for domestic jobs supported the Bank of Canada's view that the economy is healthy. Canada added 66,800 jobs in January, the second month of outsized gains in the last three, as services-producing sector jobs soared, Statistics Canada reported. Analysts had forecast a gain of 8,000 positions. At (2005 GMT), the Canadian dollar was last trading 0.29 percent higher at 1.3270 to the greenback. Immediate resistance can be seen at 1.3335 (50 DMA), an upside break can trigger rise towards 1.3374 (Jan 23rd high).On the downside, immediate support is seen at 1.3211 (100 DMA), a break below could take the pair towards 1.3182 (9 DMA).

USD/JPY: The dollar little changed against Japanese yen on Friday, as investors adopted a wait-and-see approach as they tracked developments in U.S.-China trade talks. U.S. negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports. At (2005 GMT), the dollar was last trading 0.03 lower versus the Japanese yen at 109.77. Strong resistance can be seen at 110.59 (50 DMA), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 109.58 (21 DMA), a break below could take the pair towards 109.14 (61.8% retracement level). 

Equities Recap

European stocks slipped again on Friday and put an end to five straight weeks of gains as fears about an economic slowdown in the euro zone and a potential full-blown Sino/U.S. trade war added to disappointing earnings from blue chips.

UK's benchmark FTSE 100 closed down by 0.3 percent, the pan-European FTSEurofirst 300 ended the day down by 0.48 percent, Germany's Dax ended down by 1 percent, France’s CAC finished the day down by 0.5 percent.

U.S. stocks ended near flat on Friday as skepticism over the United States and China reaching a trade deal before a looming deadline added to concerns over slowing global growth.

Dow Jones closed down by 0.26 percent, S&P 500 ended up by 0.07 percent, Nasdaq finished the day up by 0.14 percent.

Treasuries Recap

U.S. Treasury yields fell for a fourth straight session on Friday, weighed down by global equity market losses on concerns that there would be no trade deal between the United States and China by the March 1 deadline.

U.S. 10-year note yields fell to 2.632 percent , from 2.654 percent late on Thursday.

U.S. 30-year bond yields were also down, at 2.973 percent , from 3.006 percent on Thursday. Thirty-year yields earlier fell to a one-month low of 2.971 percent.

Commodities Recap

Gold rose on Friday as a gloomy global economic outlook dented risk appetite, but a firm dollar stemmed bullion's advance and kept the metal on track for its first weekly decline in three.

Spot gold was up 0.3 percent at $1,315.03 per ounce at (2015 GMT), having recovered from an over one-week low of $1,302.11 touched on Thursday. U.S. gold futures settled up 0.3 percent at $1,318.50.

Oil futures were little changed on Friday, on track for losses on the week in renewed concerns about slowing global demand.

Brent crude futures gained 27 cents to $61.90 a barrel by 12:56 p.m. EST (1756 GMT). On the week, they were set for a loss of around 1.5 percent.

U.S. West Texas Intermediate crude futures fell 5 cents to $52.64 a barrel and approached a weekly slump of nearly 5 percent, the steepest this year.

© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.
Find a Top Broker
Top Gainers
Top Losers
NetDania does not guarantee the accuracy of data contained on this website, nor do we guarantee that data is real-time. Data on this website may be provided from OTC market sources and market makers, and not necessarily from exchanges. The provided price data is indicative and may not be appropriate for trading or decision making purposes. NetDania does not assume any responsibility for any losses incurred from the use of the provided data.
NetDania does not endorse or promote any broker or financial service. NetDania is a pure technology provider offering its software with broker integration. Any user of NetDania software must be an existing client of one of our supported brokers. NetDania showcases NetDania technology for the purpose of demonstrating it towards brokers and other institutions looking to white label the technology on a software subscription contract. No financial services are offered, promoted or recommended. NetDania is compensated as a technology provider by its institutional clients including its integrated brokers. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation affecting it.

Persons or entities including approved brokers not belonging to the NetDania Group may advertise on the NetDania and its Group’s websites, through links, banners or otherwise. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. We accordingly provide no warranties with regard to and disclaim responsibility for any such products, information or services and exclude all liability in this regard to the fullest extent permitted by relevant laws and regulations. If a user of the NetDania Group’s websites decides to act upon any such advertising, such user does so entirely at its own risk.

NetDania’s website may be accessed worldwide. The Information provided on its website is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the offerings services referred to on this website are available to recipients residing in countries where the provision of such offerings would constitute a violation of mandatory applicable legislation or regulations. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation.

End-users of the NetDania software that make use of the trading integration features as direct clients of integrated brokers, should be aware of the level of risk carried by trading in financial markets. Trading foreign exchange and or other financial instruments on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or more of your initial investment, and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from your broker and or an independent financial advisor if you have any doubts. Anyone opening a live trading account needs to adhere to the laws of their local country as such laws may differ from country to country.
NetDania expressly disclaims any liability for any lost principal or profits which without limitation may arise directly or indirectly from the use of or reliance on information on our website or the use of our software with broker integration.
Copyright © 1998 -2019 NetDania Creations ApS, Kronprinsessegade 36, 1st floor DK-1306 Copenhagen K, Denmark, +4536980409, Contact NetDania by email, CVR-nr.27976670 Terms And Conditions and Privacy Policy