Daily Markets Broadcast 2019-06-13

Daily Markets Broadcast 2019-06-13 - MarketPulseMarketPulse


Home/Daily Markets Broadcast/DAX/Indices/Market Pulse/Technical Analysis Indices

Share 0

Daily Markets Broadcast


The Daily Market Broadcast will pause on 14 Jun 2019 and resume on 17 Jun 2019

Wall Street drifts lower

US indices fell for a second day yesterday, pressured by the lack of news on the trade deal front and a weak banking sector as expectations for a Fed interest rate cut rose. Hong Kong is anticipating more protests as the extradition bill is due to be debated in the Legislature.


US30USD Daily Chart

Source: OANDA fxTrade

The US30 index slid for a second day yesterday amid muted volumes as below forecast CPI raised expectations for an earlier Fed rate cut, which weighed on banking counters

The index held above the 55-day moving average at 25,977

US consumer prices rose 1.8% y/y in May, below forecasts of a 1.9% gain and the weakest reading in three months. The probability of a cut at the June meeting rose to 21% while that for July is at 83.5%, according to pricing in the interest rate markets. There are no major data releases scheduled for today.


DE30EUR Daily Chart

Source: OANDA fxTrade

The Germany30 index snapped a three-day rising streak yesterday, taking its cue from Wall Street

The index is still above the 55-day moving average at 12,030, which has supported prices on a closing basis since June 3

German industrial production is expected to continue its run in contraction territory in April, with forecasts suggesting a reduction of -0.5% m/m (seasonally-adjusted) following a 0.3% decline in March.


HK33HKD Daily Chart

Source: OANDA fxTrade

The HongKong33 index fell the most in more than a month yesterday as the protests against the extradition bill escalated, with tear gas and rubber bullets used on protesters

The index is likely eyeing the low of 26,629 struck earlier this month, which is near the 61.8% Fibonacci retracement of the October-April rally at 26,694

Legislative leader Carrie Lam refuses to pull the controversial bill and called for order. The HKMA stated that local financial markets were operating “in an orderly manner”, adding that Hong Kong banks were well capitalised.



This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Andrew Robinson

A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.

Andrew Robinson

Latest posts by Andrew Robinson (see all)

Original author: Andrew Robinson
Labour Force, Australia
New Payments Platform: Conclusions Paper


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Sunday, 15 September 2019

Latest Spot Rate

Wait a minute, while we are rendering the calendar
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange 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 all 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.