.fonecable {

50 day MA at 8052.20 stalled the high again today… The Nasdaq index is down -34 points or -0.43% at 7986.96. The low today reached 7937.12 and the high extended to 8048.58.  […]

GBPNZD is the biggest mover The GBP is the runaway strongest currency today.  Although the pair moved higher on comments from Germany’s Merkel which seem to have been misinterpretted, the gains are […]

Trying to form a solid coalition The 5-Stars Luigi DiMaio is on the wires saying: Italian Pres. Sergio Mattarella has met with the countries main political leaders in an attempt to either carve out […]

Earlier gains are erased The major European indices are ending the session mostly lower. Spain’s Ibex eked out a small gain: The provisional closes are showing: Continue Reading:… Search Web: European shares are ending the […]

Chancellor not so confident on a Brexit deal Sebastian Payne from the FT is putting the kabosh on earlier comments from Angela Merkel when she said backstop alternative is possible within 30 […]

Trades above and below its 100 hour moving average today The USDJPY continues to consolidate in up and down trading action.   Looking at the hourly chart above, a top side trendline currently comes […]

The G7 meeting begins on Saturday ForexLive Continue Reading:… Search Web: Pres. Trump plans to meet UK’s Johnson for breakfast at G7 summit

Kansas City Fed composite index for August – Kansas City Fed composite index for August -6 versus -1 in July – manufacturing index -2 versus -6 last month ForexLive Continue Reading:… Search […]

Calling talks constructive between Macron and Johnson From the office of France’s Macron: ForexLive Continue Reading:… Search Web: Macron/Johnson agreed to continue exchanges until and September on Brexit

Harker/George hawkish comments/negative yield curve worries equity markets The major US stock indices or now trading in the red with the NASDAQ leading the downside move.  Continue Reading:… Search Web: US stocks sliding. NASDAQ […]

Geopolitical risks US State Department says: Any tension between US and China, has the potential to make the trade negotiations more tenuous. ForexLive Continue Reading:… Search Web: US deeply concerned about China’s interference with Vietnam’s […]

EURUSD dips on the headline.   The EURUSD dipped to 1.1067 on the headline.  We currently trade at 1.1070.   The low for the day reached 1.10631 in the London morning session.  Continue Reading:… Search Web: […]

Response to Harker perhaps? Shortly after the end of the hawkish comments from Fed’s Harker, Pres. Trump is tweeting: CLICK HERE ForexLive Continue Reading:… Search Web: Pres Trump: Fed can make the US […]

Nonvoting member – we are not out of sync with other economies – Fed is pretty much where we need to be – Fed needs to do what is appropriate for the […]

US leading index for July 2019 ForexLive Continue Reading:… Search Web: US leading index for July 0.5% versus 0.3% estimate

Last month -6.6 ForexLive Continue Reading:… Search Web: EU consumer confidence for August -7.1 versus -7.0 estimate

Be aware…. According to Bloomberg, Merkel said at a news conference in The Hague They add, she said: "One should say it can be done by October 31. It is not about 30 days […]

Services PMI also lower ForexLive Continue Reading:… Search Web: Markit manufacturing PMI for August 49.9 versus 50.5 est

Major indices currently trading near highs for the day after a few minutes of trading post the official opening, the major US stock indices are higher and also trading at the days highest levels. […]

Trades at the lowest level since July 29 The EURGBP has moved sharply lower in reaction to the Merkel comments, and in the process has cracked below the July 31 swing low the August 16 […]

Trades at highest level since July 29 The GBPUSD has moved to the highest level since July 29, breaking above the July 31 by at 1.22488.  The high price extended to 1.22648 as stops were triggered. In volatile […]

Double top for the week.   The EURUSD rose on the back of better PMI data in the European session, but after the high stalled at the high from Monday, the price fell […]

Harping on German yields. Pres. Trump is keeping the pressure on the Fed one day ahead of Feds Powells speech at Jackson Hole tomorrow. He tweets: ForexLive Continue Reading:… Search Web: Pres. Trump […]

Optimistic comments from Germany’s Angela Merkel ForexLive Continue Reading:… Search Web: Merkel: Can also find a backstop solution by October 31

Weekly US initial jobless claims for the week of August 17 – initial jobless claims 209k versus 216K estimate – four week average 214.5 K versus 214K last week Steady but strong […]

Wholesale sales for June 2019: ForexLive Continue Reading:… Search Web: Canada June wholesale trade sales +0.6% vs -0.2% expected

USD is mixed/stronger The GBP is the strongest, while the NZD is the weakest. The USD is mixed but tilted to the stronger side.  Fed’s George expressed her desire to keep rates […]

What’s coming up The eurozone PMIs were solid today, albeit with some . The top headlines for US traders will be the Markit services and manufacturing numbers due at 1345 GMT (9:45 […]

Comments by Kansas City Fed president, Esther George – Still seeing higher wages – Would be happy to leave rates where they are now She is one of the few hawkish members […]

ECB releases its account of its July monetary policy meeting – 22 August 2019 – Uncertainty around the near-term policy outlook had increased over past few weeks ForexLive Continue Reading:… Search Web: […]

Comments by UK prime minister, Boris Johnson – Admired Merkel’s spirit shown yesterday to find technical solutions on backstop – Where there is a will, there is a way ForexLive Continue Reading:… […]

Comments by French president, Emmanuel Macron – Have always respected the UK’s decision to leave – However, have to also protect the European project – Backstop is the protector of stability in […]

Forex news from the European morning session – 22 August 2019 Headlines: Markets: – JPY leads, NZD lags on the day – European equities mixed; E-minis down 0.1% Continue Reading:… Search Web: […]

Both leaders are to deliver a short statement as they meet in France here ForexLive Continue Reading:… Search Web: Watch: Johnson and Macron to deliver brief statements before talks

Latest data released by CBI – 22 August 2019 – -16 – Total distributive reported sales -35 – Prior -11 ForexLive The readings here are an indicator of short-term trends in the retail […]

USD/JPY touches a session low of 106.25 ForexLive The yen is gaining further ground as Treasury yields are falling back on the session. That is resulting in USD/JPY easing further towards a […]

Topside move runs into near-term resistance at 1.1112 ForexLive Price moved higher from around 1.1080 levels to a high of 1.1113 but the topside move remains limited by near-term resistance around 1.1112 […]

The euro and the risk mood are benefiting from the better-than-expected euro area PMI readings earlier ForexLive US 10-year yields are back to flat levels now as yields are higher across the […]

Latest data released by Markit – 22 August 2019 – 46.5 – Services PMI 53.4 vs 53.0 expected – 53.2 – Composite PMI 51.8 vs 51.2 expected – Prior 51.5 ForexLive Continue […]

10-year Treasury yields climb by more than 2 bps ForexLive Yields are higher across the curve and we’re seeing 10-year Treasury yields hold only down by 1 bps currently, after having been […]

Latest data released by Markit/BME – 22 August 2019 – 43.2 – Services PMI 54.4 vs 54.0 expected – 54.5 – Composite PMI 51.4 vs 50.6 expected – Prior 50.9 ForexLive Continue […]

Further comments by the Chinese commerce ministry – Hopes that US will show sincerity – Both sides’ trade teams have been keeping in touch – Says it isn’t necessary for US to […]

Latest data released by Markit – 22 August 2019 – 49.7 – Services PMI 53.3 vs 52.5 expected – 52.6 – Composite PMI 52.7 vs 51.8 expected – Prior 51.9 ForexLive Continue […]

Comments by the Chinese commerce ministry – China will have to retaliate if US persists on the current course – Hopes US will stop wrong tariff actions – Trade war is bad […]

Daily thread to exchange ideas and to share your thoughts Markets have largely been in a state of flux all week as the anticipation continues to grow ahead of more Fed rhetoric at the […]

USD/JPY falls to a session low of 106.29 ForexLive Of note, price has now fallen back below the 100-hour MA (red line) @ 106.43 after several attempts by sellers to break below […]

Latest data released by the Federal Statistics Office – 22 August 2019 – +4.3% – Industry and construction output WDA +3.6% y/y – Prior +3.7%; revised to +3.9% ForexLive Continue Reading:… Search […]

France kicks things off at 0715 GMT ForexLive I detailed out the expectations and its potential influence on the euro earlier in the week above. But looking at the risk mood today, […]

A softer touch in early trades – German DAX futures -0.2% – French CAC 40 futures -0.2% – UK FTSE futures -0.2% ForexLive This largely mirrors sentiment seen in US equity futures, […]

Latest data released by the Japanese Machine Tool Builders’ Association Slight delay in the release by the source. The preliminary report can be found . The reading measures the change in total value […]

Tokyo’s main index closes near flat levels amid a more tepid Asian session US futures are also down by 0.2% and Treasury yields are still somewhat weaker, indicating a softer risk mood […]

Via Bloomberg Yesterday marked the sale of a 30 year German bond at a negative yield. Yes, that’s right. You can now pay for the privilege of lending money to Germany for […]

Risk flows keep the yen buoyed ahead of European trading ForexLive The yen is leading the major currencies bloc amid softer risk tones with Treasuries staying bid and equities holding a tad […]