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Due at 2350GMT, the data for Sep, more deficit expected: A couple of previews … HSBC: Nomura: ForexLive Continue Reading:… Search Web: Japan trade balance data for September coming up – preview

Labour market employment report for September due from Australia Coming up at 0030 GMT Preview via ANZ: Continue Reading:… Search Web: Australian jobs market report due today – preview

The semi annual US Treasury report on which US trade partners are manipulating their their currencies is here: Long story short is that no one, not even China is a forex manipulator, […]

Mnuchin does express concern on the yuan but the report falls short of naming China  more to come    ForexLive Continue Reading:… Search Web: US Treasury report does not name China as […]

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Continue Reading:… Search […]

Comments from the head of the World Trade Organisation, Roberto Azevedo – Says there is no doubt in his mind we are facing a crisis in global trade – Current trade crisis is […]

Official news I guess, they had already shifted the deadline to December  – November 17 – 18 summit cancelled Say if Barnier makes decisive progress they can put it back on Continue […]

Forex news for North American trade on October 17, 2018: Markets: – Gold down $1.50 to $1223 – WTI crude down $1.87 to $70.05 – US 10-year yields up 3 bps to […]

So says Bloomberg, citing a US government official. No specific timing though.  This is a twice a year report It reviews currency regimes of 12 of the US’ major trade partners (and […]

S&P and NASDAQ near unchanged. Dow the worst performer The major US stock indices are ending marginally lower in a volatile session. Underachievers include: Continue Reading:… Search Web: US stocks end marginally […]

We should get the US Treasury currency manipluator list in the next few hours 2350 GMT Japan September trade balance – Trade balance: expected Y -45.1bn, prior was Y -438.4bn Also at […]

Midterm elections are Nov 6 The US government is likely headed back into deadlock after the midterms. The Democrats are likely to retake the House but it’s far from a sure thing. […]

A move above would be more bullish Last week, and into this week, the price had a number of shots to head below the key 100 day MA (lower blue line at […]

USD/JPY rises above last Thursday’s high USD/JPY continues the solid turnaround as it rises above last Thursday and Friday’s highs near 112.50. The climb is a part of a broad, continued US […]

Breaking May could extend the Brexit transition period beyond the current Dec 2020 end date as part of a new plan to break the deadlock in talks, according to a person familiar […]

Down -$2.17 or -3.02% The price of crude oil is settling down -$2.17 or -3.02% at $69.75. The high reached $72.43. The low extended to $69.43.   The price got kicked lower (although […]

More confirmation There’s no deal so no need to call a summit. EU leaders are now thinking about a tentative Dec 13 summit date, if all goes well. ForexLive Continue Reading:… Search […]

USDJPY making new session highs The USD is a little higher after the FOMC meeting minutes.  USDJPY: The USDJPY has moved to a new session high and looks toward the high levels […]

The minutes of the September 26 FOMC meeting ForexLive Continue Reading:… Search Web: FOMC minutes: Number of Fed officials saw the need to hike above long-run level

What to watch for The FOMC minutes are among the most-overrated releases out there. Generally the trade is to fade any significant move because what’s said in the minutes is always far more […]

Bonds calm The focus on Treasury yields has dissipated in large part due to falling volatility in bonds. The US 10-year note yield is up 0.4 basis points today to 3.16% and […]

Trump at the White House The market isn’t going to like the idea of budget cuts but that’s going to depend on what’s proposed. At the same time, if the Democrats win […]

More comments from Brexit talks UK’s Raab adds: ForexLive Continue Reading:… Search Web: EU Barnier: We are not there yet on Brexit deal

A potpourri of comments from EU leaders Polish PM Morawiecki German Chancellor Merkel: Irish PM Varadkar: Italy’s Conti: France’s Macron:\ ForexLive Continue Reading:… Search Web: Brexit comments from leaders on newswires

Back in black The major indices have reversed the sharp declines and are now back in black.  It sure is entertaining as markets whip around.  ForexLive Continue Reading:… Search Web: Stocks reverse […]

Speaks on Fintech and Financial inclusion Will be watching for any Q&A. ForexLive Continue Reading:… Search Web: Fed’s Brainard does not comment on economy or monetary policy

Earlier break stalled ahead of 100 day MA .. The GBPUSD has rebounded toward the 200 hour MA at 1.31498. The high reached 1.3145 in the NY session. Earlier in the day, […]

Comments from May in Brussels ForexLive Continue Reading:… Search Web: May: Everyone wants a deal and I believe a deal will happen

10 year yields are mixed The European major stock indices moved higher earlier in the day, but could not sustain the upside momentum. IN the 10 year note sector, yields are ending […]

What’s moving markets Wednesday The Euro and pound have been showing signs of maybe wanting to turn back up in recent weeks, but haven’t quite managed to turn that corner. We believe […]

Theresa May spokesman comments ForexLive Continue Reading:… Search Web: May spokesman: Britain is not calling for an extension of implementation period

Wilbur Ross on the EU ForexLive Continue Reading:… Search Web: Ross: US is not the one that’s slowing things down with EU on trade

100 hour MA broken at 112.11 The USDJPY is back below the 100 hour MA at 112.11. Yesterday, traders took the price above that MA and trend line but could not get […]

WTI crude down $2.13 to $69.84 A surprise build in US inventories has kneecapped the oil market. WTI is at the lowest since October 19, nearly a month ago. The drop is […]

Trump on Fox That’s the kind of thing you hear right when growth is cresting. More: ForexLive Continue Reading:… Search Web: Trump says he will cut spending

More from Cunliffe Speaking the obvious here. ForexLive Continue Reading:… Search Web: BOE’s Cunliffe: You could see a big sterling fall depending on Brexit outcome

Weekly oil inventory data ForexLive Continue Reading:… Search Web: Weekly US oil inventories +6490K vs +2500K expected

Sellers trying to take more control  Technically today, the price stalled at a topside trend line (see red numbered circles) and then fell below a lower trend line (blue numbered circles). Each […]

Back below 4% The Atlanta Fed is out with their latest estimate for US 3Q GDP.  In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) […]

Kudlow on Fox Getting the cold shoulder from China. Wilbur Ross, meanwhile, is on CNBC: – We were surprised China blocked Qualcomm deal – US won’t impose auto tariffs on EU during […]

Risk trades slide Jitters are creeping into the market once again. The worries have sent USD/JPY down 17 pips to a session low at 112.07, erasing most of yesterday’s gain. Continue Reading:… […]

Spiegel report Italian 10-year yields are up 7 bps to 3.52% today as the worries mount. That’s part of what’s weighing on EUR/CHf and EUR/USD. The Spiegel report cites EU Commission Guenther […]

The MAs come in at 1.29844 and 1.29963. High reaches 1.29936 and backs off. The USDCAD has moved higher today with the general USD move higher, but the rally higher has reached […]

Move will damage online sellers New York Times report "President Trump plans to withdraw from a 144-year-old postal treaty that has allowed Chinese companies to ship small packages to the United States […]

Big 2% gains yesterday, not seeing follow through in early trading. The US major stock indices are trading in the red in early trading with mixed declines: ForexLive Continue Reading:… Search Web: […]

Early buyers on the first test today Of course the Brexit negotiations will start today and that has the GBPUSD feeling a bit anxious.  The price has moved to the downside today […]

Cunliffe at his reappointment hearing That’s a common refrain but I don’t really see how it plays out. Like the market just goes ‘no bid’? Naturally, he’s talking about less-traded products but […]

Futures point lower S&P 500 futures point to a 5 point decline at the open. That comes after a 59-point gain on Tuesday that was the largest one-day rally since March. Continue […]

BOE deputy governor for financial stability Cunliffe speaks at his re-appointment hearing link ForexLive Continue Reading:… Search Web: BOE’s Cunliffe speaks in parliament – watch live

Fall and hold near the 100 hour MA tilted the bias lower today The EURUSD yesterday kept stalling at the 100 hour MA (blue line support).  In the Asian session the price […]

What’s coming up on the economic calendar It’s a relatively light day for scheduled news but it will pick up late in the day. The FOMC minutes are due at 1800 GMT […]

Semi-annual FX manipulation report Bloomberg reports that the Treasury will release its semi-annual FX report later today. It’s usually published around the US equity close. Continue Reading:… Search Web: US Treasury to […]

Canada manufacturing sales highlights ForexLive Continue Reading:… Search Web: Canada manufacturing sales for August -0.4% versus -0.6% expected

US September housing starts ForexLive Continue Reading:… Search Web: US Sept housing starts 1201K vs 1210K expected

They’ve found the fall guy The head of the consulate in Istanbul has been relieved of his duties and placed under investigation for ‘violations’, according to the Sabaq daily. Continue Reading:… Search […]

Mueller to determine question of collusion Special Counsel Robert Mueller is expected to issue findings on core aspects of his Russia probe soon after the November 6 midterm elections, Bloomberg , citing […]

The dollar is near high levels Despite the dollar being the strongest, the ranges for the day are not all that impressive.  With the exception of the GBPUSD which has a 94 […]