.fonecable {

Updated official figures from China’s National Health Commission Adds: – 2,393 patients discharged on Feb 21 A few items over past hours: – Italian Newspaper Corrier Della Serra has reported Italy’s first […]

Forex news for NY trading on February 21, 2020 The headline of the day is that the 30 year yield traded to a new all time low of 1.8843%. That took out […]

All-time highs were made but Thursday and Friday selling take the gains away The final numbers are showing: For the week, the Dow industrial average was the weakest followed closely by the NASDAQ […]

Forex futures net positioning data for the CFTC for the week ending February 18, 2020 The EUR is the biggest position with the short at -92K from -86K last week. The shorts […]

S&P index down 1.25% The NASDAQ index is trading back lower. It is currently down -200 points or -2.06% at 9550.52. The S&P index is also moving lower but at a lesser […]

Down $0.50 or -0.93% The price of crude oil futures are settling at $53.38. That is down $0.50 or -0.93% For the week, the price last Friday closed at $52.05.. The gain […]

BOE Tenryro speaking in New York BOE’s Silvania Tenreyro is bucking the trend of other central bankers (at least in Europe and NA) by saying: Most are steering clear of leaning toward the worst, and instead […]

GBPUSD is the biggest mover today The GBPUSD trades just off its high level of the day at 1.29803. The pair is up nearly 100 pips on the day or 0.75%. The pair is also […]

Trades to new session lows the NASDAQ index has just fallen below its 100 hour moving average currently at 9597.08. Early in the day the price got close to the moving average […]

EU Michel and France’s Macron say the same thing German Chancellor Angela Merkel is on the wires saying: France’s president Macron says: EU’s Michel adds: Continue Reading:… Search Web: Germany Chancellor Merkel: Difference […]

Feds Clarida and Mester prepared remarks before speaking on a panel in New York Clarida says: Mester: – FOMC statement can be longer with less boilerplate text There are no comments released from Atlanta […]

Both are  on a panel in NY speaking The Fed’s board of governor member Richard Clara and Cleveland Pres. Loretta Mester are speaking in New York.  Both are voting members on the FOMC. Continue […]

Total rig count 791 versus 790 last week Crude oil is currently trading at $53.47. That is down $0.40 or -0.70% ForexLive Continue Reading:… Search Web: Baker Hughes oil rig count 679 versus […]

Down 5 of the last 6 days. Today is an up day. The AUDUSD has closed lower in 5 of the last 6 trading days. Today, however, the price is moving higher.  […]

CDC’s latest comment on the coronavirus The Center for Disease Control is out saying: In other coronavirus news, Italy has reported 10 new confirmed cases bringing their countries total to 16. Continue Reading:… Search Web: […]

German DAX, -0.62%. France’s CAC, -0.62%. UK’s FTSE, -0.54% The major European indices are ending the session (and the week) lower. A look at the provisional closes are showing: Continue Reading:… Search […]

The price tumbles to new week lows The USDCHF has retraced back toward the:   The low price today moved to 0.9770. The price has rebounded off the support area, and currently […]

WSJ report suggested a potential 300K cut. Saudi Arabia’s energy minister Prince Abdulaziz is on the wires in reaction to an earlier Wall Street Journal article saying that they were mulling over a proposed 300K cut in […]

Decent jump in the 1Q GDP forecast  The NY Fed Nowcast estimate for 1Q GDP growth comes in at 2% for the current week versus 1.4% last week. Continue Reading:… Search Web: New York Fed […]

200 day MA at 1.3215 The USDCAD is testing its 200 day moving average for the 3rd day in a row. THe last 2 days have seen the price peek below the level but rebound. […]

100 hour moving average currently at 9584.96. The price of the NASDAQ index did fall below the 100 hour moving average back on January 27 and traded below it for the most […]

A pretty significant increase in what was previously reported More coronavirus news: ForexLive Continue Reading:… Search Web: China’s Hubei province revises February 19 new cases to 775 from 349 previously

The EURUSD got the shove from the PMI data  The Markit PMI data surprised to the downside with the composite index falling below the 50.0 expansion level. Continue Reading:… Search Web: EURUSD cracks above […]

In ALL CAPS Pres. Trump is continuing his support for the US farmers by tweeting if you need more money, you will get it. He does it in ALL CAPS too. ForexLive Continue […]

WHO Tedros gives daily report on coronavirus ForexLive Continue Reading:… Search Web: WHO Tedros: We are concerned about an increase in cases in Shandong

Fed’s Lael Brainard speaking ForexLive Continue Reading:… Search Web: Feds Brainard: There is a risk inflation expectations have slipped

Larry Kudlow is speaking on CNBC – Market mood swings don’t reflect fundamentals – Early indications positive for supply chain – Record low for 30 year is a run to safety Kudlow cheerleading […]

Breaks below the 2019 low yield of 1.8998% The 30 year bond yield has moved to the lowest level on record. The low yield reached 1.8904%. The 2019 low yield was at 1.8998%. Continue Reading:… Search […]

Existing home sales for the month of January 2020 Existing home sales represent over 90% of the US housing market. Looking at the chart the levels of sales remain near high levels. […]

Markit preliminary PMI data for February – Manufacturing PMI 50.8 versus 51.5 estimate prior month 51.9 – Services 49.4 versus 53.4 estimate. Prior month 53.4 Continue Reading:… Search Web: Markit PMI Manufacturing for […]

US 10 year yields remains below 1.50% The US stock market is opening lower with the major indices down about -0.4%. A snapshot 3 minutes into the opening is currently showing: Continue […]

German finance minister Scholz speaking to reporters in Riyadh ForexLive Continue Reading:… Search Web: German finance minister Scholz: Economies benefit when trade flows freely

Premarket futures are implying lower openings. The futures are implying a lower opening for US stocks. Currently the expectations are for: – Dow -121 points ForexLive Continue Reading:… Search Web: US stocks are […]

Wall Street Journal reports Wall Street Journal Crude oil prices are down -$0.70 or -1.32% at $53.17. That is up from the low of $52.68 but also below the high price for the […]

The 1.0777 is the low and 1.0822 is the high The EURUSD this week moved down to fill a gap from April 2017 (from the French election) between 1.0777 and 1.08820. The […]

Headline from White House economic advisor Larry Kudlow Larry Kudlow is on the wires saying: Will be on the lookout for anymore headlines from the White House economic advisor.  Continue Reading:… Search Web: […]

Fed’s Bostic is currently not a voter on the FOMC – has no impulses to do anything with our current policy stance – bond market reflecting low neutral rate of interest, with […]

Canada retail sales for December 2019 –  was 0.9% (was better than 0.6% estimate) revised to 1.1% from 0.9% – Retail sales ex auto for December 0.5% versus 0.3% estimate.  Prior was revised higher to […]

Major releases and events for today’s trading – Canada retail sales for the month of December. 8:30 AM ET/1330 GMT. Est. 0.1% versus 0.9% last month.  Ex auto 0.3% versus 0.2% last month. Continue Reading:… Search […]

ECB’s Philip Lane speaking on Bloomberg ForexLive Continue Reading:… Search Web: ECB Lane: Coronavirus uncertainty reigniting downside risk

The USD is mixed The GBP is the strongest of the majors after the better than expected PMI data today. The NZD (and AUD) are the weakest as traders react to the […]

And that will remain the party line *wink* *wink* not ForexLive Continue Reading:… Search Web: Fed’s Bullard: Fed purchases in repo market are not QE

St Louis Fed president, James Bullard, speaks to CNBC – Low probability that virus outbreak will get much worse – Market expectations likely to return to "on hold" outlook ForexLive Continue Reading:… […]

Forex news from the European morning session – 21 February 2020 Headlines: Markets: – GBP leads, NZD lags on the day – European equities mildly lower; E-minis down 0.3% Continue Reading:… Search […]

Remarks via Chinese state media, CCTV The comments are coming after the Politburo are meeting to discuss on the virus outbreak. ForexLive Continue Reading:… Search Web: Chinese state media says hasn’t seen […]

Hubei says that it will add back some cases to its tally of the disease So, they are going to add back those cases into the tally. I think I speak for […]

Latest data released by Eurostat – 21 February 2020 – CPI +1.4% vs +1.4% y/y prelim ForexLive The preliminary report can be found . No change to initial estimates as this confirms […]

Can the euro and risk take heart from the arguably better readings today? ForexLive From the headlines alone, the euro can take heart in the fact that the readings today show some […]

Latest data released by ONS – 21 February 2020 – £4.0 billion; revised to £3.5 billion – PSNB (ex banks) -£9.8 billion vs -£11.4 billion expected ForexLive Continue Reading:… Search Web: UK […]

Latest data released by Markit/CIPS – 21 February 2020 – 53.9 – Manufacturing PMI 51.9 vs 49.7 expected – 50.0 – Composite PMI 53.3 vs 52.8 expected – Prior 53.3 ForexLive Continue […]

Cable is sitting above the 1.2900 level as we await UK PMI data ForexLive The pound is keeping firmer on the day alongside the euro as the dollar is struggling a little […]

Latest data released by Markit – 21 February 2020 – 47.9 – Services PMI 52.8 vs 52.3 expected – 52.5 – Composite PMI 51.6 vs 51.0 expected – Prior 51.3 ForexLive Continue […]

The manufacturing PMI print rose to a 13-month high in February ForexLive However, the actual are not so pretty or at least not as encouraging as what the rebound in the headline […]

Latest data from Markit/BME – 21 February 2020 – 45.3 – Services PMI 53.3 vs 53.8 expected – 54.2 – Composite PMI 51.1 vs 50.7 expected – Prior 51.2 ForexLive Continue Reading:… […]

Latest data released by Markit – 21 February 2020 – 51.1 – Services PMI 52.6 vs 51.3 expected – 51.0 – Composite PMI 51.9 vs 51.0 expected – Prior 51.1 ForexLive Continue […]

Yen pairs are beginning to go back to basics  ForexLive Notably, Treasury yields have fallen sharply across the curve with 10-yea yields down by 4.6 bps to 1.47% – nearing the lows […]

European stocks are lower as virus fears continue to grip the market – Eurostoxx -0.4% – Germany DAX 0.5% – France CAC 40 -0.5% – UK FTSE -0.4% – Spain IBEX -0.5% […]