FL: Federal Reserve – Minutes of the May 1st FOMC meeting will be released on Wednesday May 22, 2019 at 03:35AM
Coming up on 22 May 2019 at 1800GMT are the Federal Open Market Committee minutes Powell’s … May 1st press conference… tamped down market probabilities for a rate cut this year Continue […]
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FL: Japan’s exports fell for a fifth consecutive month – trade balance recap May 22, 2019 at 03:08AM
Japanese trade balance data for April is here: And also: The FT recap: core machine orders ForexLive Continue Reading:… Search Web: Japan’s exports fell for a fifth consecutive month – trade balance […]
FL: Here we go – what happens to FX in the worst case trade war scenarios May 22, 2019 at 02:51AM
Many of the expectations can be summed up as more of what we have already seen – yen strength – Taiwan and South Korea have the most to lose – euro would […]
FL: The US moves against Huawei … all Australia’s fault? May 22, 2019 at 02:35AM
Here is a nice piece from Reuters on Australia’s role in the war of Huawei. For months, Australia warned the United States about the destructive capacity of 5G technology Continue Reading:… Search […]
FL: BOJ’s Harada says the ales tax hike may make the economy worse and slow inflation May 22, 2019 at 02:32AM
Bank of Japan board member Yutaka Harada more to come ForexLive Continue Reading:… Search Web: BOJ’s Harada says the ales tax hike may make the economy worse and slow inflation
FL: Australian data – Construction work done in Q1: -1.9% q/q (vs. expected 0.0%) May 22, 2019 at 02:30AM
This data will be an input into the economic growth numbers due on June 5 (Q1 GDP) And not a nice one …. down 1.9% q/q – expected flat – prior was […]
FL: PBOC sets USD/ CNY reference rate for today at 6.8992 (vs. yesterday at 6.8990) May 22, 2019 at 02:17AM
People’s Bank of China In open market operations the Bank adds 20bn yuan via 7 day reverse repos ForexLive Continue Reading:… Search Web: PBOC sets USD/ CNY reference rate for today at […]
FL: FX option expiries for today at the 10am NY cut May 22, 2019 at 02:16AM
For Wednesday 22 May 2019 EUR/USD USD/JPY GBP/USD AUD/USD ForexLive Continue Reading:… Search Web: FX option expiries for today at the 10am NY cut
FL: Australia job vacancy data on the slide, -1.6% m/m in April (prior -1.8%) May 22, 2019 at 02:05AM
Skilled vacancies for April 2019 – prior revised to -1.8% A picture speaks a thousand words and so forth: While official jobs data has held up very well there are arguments that […]
Dollar hovers near three-and-a-half-week high, supported by higher U.S. yields
May 22, 2019 at 02:05AM Continue Reading… Author: Reuters https://www.investing.com/news/forex-news/dollar-hovers-near-threeandahalfweek-high-supported-by-higher-us-yields-1875252 Selected by fonecable.com Search Web: Dollar hovers near three-and-a-half-week high, supported by higher U.S. yields
FL: NY Times reports “Trump Administration Could Blacklist Chinese Surveillance Technology Firm” May 22, 2019 at 01:39AM
If so it’ll inflame trade tneions once again. Says the NYT, citing unnamed ‘people familiar with the matter’: Link for more — You’ll have noticed yen crosses on the slide just a […]
Oil Prices Cling to Bullish Trend as OPEC+ Alliance Remains in Effect
May 22, 2019 at 01:30AM The price of oil may continue to track the upward trending channel from earlier this year as OPEC and its allies pledge to keep crude ‘inventories under […]
FL: Thursday’s European elections ‘suggests EUR/USD upside will be limited’ May 22, 2019 at 01:33AM
European elections are being held Thursday, result expected by Sunday. ING comment on what to expect: – EUR/USD upside will be limited ING nominate the 1.1180/1200 area (ps. this was an overnight […]
FL: Australia – leading index for April: -0.09% m/m (prior +0.19%) May 22, 2019 at 01:30AM
Australian data – Westpac leading index Barely moved at -0.09% on the month — Earlier: — Still to come from Australia today: ForexLive Continue Reading:… Search Web: Australia – leading index for […]
FL: Japan – Core machine orders for March beat: +3.8% (expected 0.0%) May 22, 2019 at 12:54AM
A good beat for this data point, much better than expected Core machinery orders for March +3.8% m/m – expected 0.0%, prior 1.8% – expected -3.4% y/y, prior -5.4% This is a […]
FL: Japan data – April exports a big miss, come in at -2.4% y/y (expected -1.6%) May 22, 2019 at 12:52AM
Japan trade balance data for April 2019 more to come ForexLive Continue Reading:… Search Web: Japan data – April exports a big miss, come in at -2.4% y/y (expected -1.6%)
FL: More on the RBA from non-bank analysts May 22, 2019 at 12:43AM
Some remarks on the implications of Reserve Bank of Australia Governor Lowe’s speech yesterday High Frequency Economics: – say that expectations of a June rate cut will continue to gather pace (positive […]
FL: Fed’s Bullard says US rates are in a good place right now May 22, 2019 at 12:16AM
Federal Reserve James Bullard, head of the St. Louis branch Adds; – if anything US rates are a bit restrictive – Fed may have overdone it with the December hike If […]
FL: Reuters May 2019 Tankan: Japan manufacturers index +12 (from +8 in April) May 22, 2019 at 12:09AM
An improvement in the privately conducted survey in May Reuters Tankan – Japanese manufacturers index +12 in May vs +8 in April – Non-manufacturers index +27 in May vs +24 in April […]
FL: Morgan Stanley on an RBA June rate cut May 22, 2019 at 12:00AM
This from Morgan Stanley on RBA Governor Lowe’s dovish speech yesterday. From an overnight note. I pulled out just that one line, and its the three words in quote marks that sum […]
GBPUSD Drop in Focus, Brexit Optimism Keeps Fading. CAD Up on USMCA
May 22, 2019 The GBP/USD downtrend may accelerate on bearish-contrarian signals with confidence of a Brexit deal persistently fading. The Canadian Dollar is benefiting from USMCA talk progress. Continue Reading… From: Daniel […]
FL: NZ retail sales excluding inflation for Q1 2019: +0.7% q/q May 21, 2019 at 11:45PM
New Zealand data, the q/q comes in at +0.7% for a beat – expected 0.6%, prior 1.7% For the y/y, comes in at +3.3% – Q4 2018 was+3.5% Very little kiwi dollar […]
FL: EUR/USD forecast to 1.10 in 3 to 6 months (seems a long time to wait for 150 pts, but wait …. there’s more) May 21, 2019 at 11:16PM
Analyst says that … 1.10 is not far away but … psychologically it would represent a fairly significant move Shorts have been building since the start of the year against a […]
FL: China’s ambassador to the US says China ready to continue trade talks May 21, 2019 at 11:13PM
more to come ForexLive Continue Reading:… Search Web: China’s ambassador to the US says China ready to continue trade talks
FL: New Zealand data coming up – what to watch in the retail sales data May 21, 2019 at 10:56PM
Coming up from NZ at 2245GMT, retail sales excluding inflation for Q1 2019 – expected 0.6%, prior 1.7% Via ASB: Further out: Westpac, on the other hand, are a little more upbeat: Continue […]
FL: Japanese official says the way is now clear for US – Japan trade talks at minister level May 21, 2019 at 10:50PM
The official says negotiators went over the current status of tariffs Japan and the US will now have talks at a higher, ministerial, level on trade. ForexLive Continue Reading:… Search Web: Japanese […]
GBPUSD Currency Volatility: Brexit Latest Rattles Sterling
May 21, 2019 at 10:30PM The latest developments surrounding Brexit sent spot GBPUSD swinging during Tuesday’s trading session. Will British Pound volatility continue to increase? Continue Reading… From: Rich Dvorak https://www.dailyfx.com/forex/technical/article/special_report/2019/05/21/gbpusd-currency-volatility-brexit-latest-rattles-sterling.html Selected […]
S&P 500 Outlook: Retail Sector Slides Amid a Series of Missed Earnings
May 21, 2019 at 10:35PM Another round of US retailers warned of adverse impacts from the US-China trade war as the S&P 500 traded higher amid a license extension for Huawei. Continue […]
FL: Data from Australia due today – construction work (GDP input) due at 0030GMT May 21, 2019 at 10:47PM
Looking ahead, Australian first quarter economic growth data is due on June 5. i.e. Q1 GDP The construction work done figures for Q1 coming up at 0130GMT today are a key ‘partial’ […]
FL: Data from Australia due today – leading index at 0030GMT May 21, 2019 at 10:36PM
Do note this data point from Westpac is unlikely to move the AUD upon release. Having said this if you’d like a picture of how economic growth will evolve in Australia in […]
FL: Japan data coming up today – exports likely still underperforming, capex too May 21, 2019 at 10:17PM
Coming up from Japan at 2350GMT: Trade balance for April – expected Y 232.7bn surplus, prior +527bn Y – Adjusted trade balance expected Y -37.5bn, prior Y -177.8bn Continue Reading:… Search Web: […]
FL: Forexlive Americas FX news wrap: PM May tries a new Brexit deal, but without much luck May 21, 2019 at 10:13PM
Forex news for your trading on May 21, 2019 In other markets, the snapshot of levels are showing: – spot gold, $-3.26 or -0.26% $1274.59 – WTI crude oil futures settle at […]
Gold Price Edges Lower in Range as Gold Volatility Sinks
May 21, 2019 at 10:00PM Gold prices are edging lower as 1-month implied volatility heads back towards its all-time low. Continue Reading… From: Christopher Vecchio, CFA https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2019/05/21/Gold-Price-Edges-Lower-in-Range-as-Gold-Volatility-Sinks.html Selected by fonecable.com Search Web: […]
FL: SG on two clear downside risks for EUR/USD May 21, 2019 at 10:03PM
A segment from an overnight note by Société Générale, this on euro In summary. 6-12 month horizon: Given positions and valuation, it’s easier to see EUR/USD at 1.20 than 1.05 Continue Reading:… Search […]
FL: Trade ideas thread – Wednesday 22 May 2019 May 21, 2019 at 09:50PM
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 […]
FL: AUD levels for the session ahead May 21, 2019 at 09:49PM
The Australian dollar is a focus, here are some levels coming through (very early). Topside (resistance) – 0.6975 – 0.6925/30 – 0.6905/10 Downside(support) Continue Reading:… Search Web: AUD levels for the session […]
FL: Oil – private survey of inventories shows surprise build May 21, 2019 at 09:31PM
Reuters poll of analysts had forecast crude inventories to fall 600,000 barrels last week. The government data follows Wed. morning US time, this is the privately conducted survey. Continue Reading:… Search Web: […]
FL: US stocks move higher after US eases restrictions on Huawei May 21, 2019 at 09:15PM
Nasdaq climbs 1% on the day. S&P up 0.8% The major US stock indices rose in trading today on the back of the US easing of restrictions on Huawei (and reliant companies). […]
FL: Here is what’s on the economic calendar in Asia today – Wednesday 22 May 2019 May 21, 2019 at 09:09PM
2245 GMT New Zealand retail sales excluding inflation for Q1 2019 2350 GMT Japan trade balance for April Also at 2350 GMT from Japan – Core machine orders for March Continue Reading:… […]
FL: NZDUSD trades to lowest new year lows but stalls the fall ahead of retail sales in new day May 21, 2019 at 09:07PM
Retail sales for 1Q estime 0.6% vs 1.7% in 4Q In the new trading day, the NZ retail sales report for the 1Q will be released. The estimate is for a 0.6% […]
TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment
May 21, 2019 at 09:00PM As the conditions which resulted in huge valuations for some tech companies begin to fade, Tesla’s recent stock trouble could be the first sign investors have caught […]
FL: For the oil traders – (private survey) inventory data due around the bottom of the hour May 21, 2019 at 09:00PM
Official government data follows Wednesday morning US time. The data due soon is released to subscribers to the private firm’s service at 4.30pm NY time and hits media in the minutes following. […]
FX Price Action Setups in EUR/USD, GBP/USD, USD/CAD and AUD/USD
May 21, 2019 at 08:00PM The US Dollar continues to tip-toe towards the two-year high but bulls haven’t yet been able stage a break. This webinar looks at setups around the USD. […]
FL: WTI crude oil futures settle at $62.99 May 21, 2019 at 07:51PM
That”s a wrap for the June contract. July is the front contract tomorrow The June WTI crude oil futures contract settled at $62.99. That represented an $.11 increase or 0.17% on the […]
FL: USDJPY continues move away from 100 day MA May 21, 2019 at 07:42PM
50% retracement at 110.701. Topside trend line at 110.736. Helping is rising stocks. The Nasdaq is trading up 100 points or 1.30%. The S&Pis up 28 points or 0.99% Continue Reading:… Search […]
USDCAD: USD Eyes Powell & Fed, CAD Climbs on USMCA & Oil
May 21, 2019 at 07:30PM The Canadian Dollar climbs on the back of recent USMCA tailwinds and oil price gains, but the prospect of hawkish FOMC minutes due Wednesday threatens to keep […]
FL: Senate Majority Leader McConnell: Hope to have budget cap deal by end of day May 21, 2019 at 07:23PM
Met with Pelosi for 2 hours Good news on budget cap deal. Sen McConnell and Speaker Pelosi met for two hours. McConnell is saying – Hopes to make a caps deal before […]
FL: Global Times editor Hu Xijin tweets Americans are about to have a nervous breakdown May 21, 2019 at 07:04PM
Digging in Hu Xijin, ediitor from the China Global Times, has been getting more and more attention as a sounding board from the Chinese perspective. He is tweeting: Continue Reading:… Search Web: […]
FL: EURUSD settles back down after run higher reverses May 21, 2019 at 06:29PM
Back lower on the day The EURUSD rose in sympathy with the GBPUSD and like that pair, the price made some bullish overtures, but when the dust settled, the pair stalled ahead […]
Aussie Price Outlook: Australian Dollar in Search of Support
May 21, 2019 at 06:00PM Aussie has plummeted more than 5.7% from the yearly high with the breakdown taking price towards the 2016 lows. Here are the levels that matter on the […]
US Dollar Price Breakout Still Possible; US-China Trade War Latest
May 21, 2019 at 05:45PM The DXY Index touched a fresh monthly high on Tuesday, drawing into focus a potential bullish breakout opportunity around the May FOMC minutes release midweek. Continue Reading… […]
FL: UK Corbyn: Labour cannot support new Brexit deal May 21, 2019 at 05:51PM
Labour does not support May plan Not surprising, Labour leader Corbyn says "No" to the new Brexit deal. ForexLive Continue Reading:… Search Web: UK Corbyn: Labour cannot support new Brexit deal
FL: More Rosengren: Tight labor market will feed into inflation at some point May 21, 2019 at 05:42PM
Boston Fed President ForexLive Continue Reading:… Search Web: More Rosengren: Tight labor market will feed into inflation at some point
FL: UK DUP party: Will wait and see but fatal flaws of the draft treaty remain May 21, 2019 at 05:37PM
Tory Brexiteers and Labour second referendum supports not for it as welll Tory Brexiteers are opposed, and Labour Second Referendum supporters are also against it. Continue Reading:… Search Web: UK DUP party: […]
FL: Fed’s Rosengren: Sees no “clarion call” to all the current policy in the near-term May 21, 2019 at 05:12PM
Feds Rosengren speaks to the Economic Club of New York ForexLive Continue Reading:… Search Web: Fed’s Rosengren: Sees no “clarion call” to all the current policy in the near-term
FL: As the dust settles, so does the GBPUSD May 21, 2019 at 05:11PM
Back below the 100 hour MA and the high from yesterday The dust from the barrage of headlines from PM Mays new Brexit deal overtures. There is no new referendum vote […]
CADJPY Wave Analysis – 21 May, 2019
May 21, 2019 at 04:45PM CADJPY rising inside impulse wave (3) Further gains are likely CADJPY continues to rise inside the weekly upward impulse wave (3) – which started earlier from the […]
Wheat Wave Analysis – 21 May, 2019
May 21, 2019 at 04:44PM Wheat broke resistance level 473.00 Further gains are likely Wheat continues to rise after the recent breakout of the resistance area lying between the key resistance level […]
FL: European shares end the session with gains May 21, 2019 at 04:45PM
European indices end the session higher. In the 10 year note sector, yields are ending mixed with risk on flows dominating with help from higher stocks: ForexLive Continue Reading:… Search Web: European […]
FL: Q&A with PM May now starting May 21, 2019 at 04:34PM
Q&A session now ForexLive Continue Reading:… Search Web: Q&A with PM May now starting
FL: More Evans comments: Lower trend growth makes QE more likely over time May 21, 2019 at 04:31PM
Speaking at financial markets conference in Florida More from Chicago Pres. Charlie Evans: ForexLive Continue Reading:… Search Web: More Evans comments: Lower trend growth makes QE more likely over time
British Pound Jumps as UK PM May Seeks Second Referendum on Brexit
May 21, 2019 at 04:15PM GBPUSD prices are rallying sharply amid the last-ditch effort by UK Prime Minister Theresa May to prevent a no deal, “hard Brexit.” Continue Reading… From: Christopher Vecchio, […]
FL: UK PM May: Brexit challenge harder than anticipated May 21, 2019 at 04:15PM
PM May speaking in London ForexLive Continue Reading:… Search Web: UK PM May: Brexit challenge harder than anticipated
FL: Live link for PM May’s speech May 21, 2019 at 04:13PM
Live PM May speech ForexLive Continue Reading:… Search Web: Live link for PM May’s speech
Tesla shares could drop to $10 in a worst-case scenario, Morgan Stanley says
May 21, 2019 at 04:01PM Morgan Stanley cut its bear (worst-case) forecast on Tesla’s stock from $97 to just $10 on Tuesday, citing concerns about the company’s increased debt load and geopolitical […]
FL: PM May poised to offer MP a vote on a second referendum May 21, 2019 at 03:56PM
GBPUSD moves higher on the headline – May proposed a free vote on a 2nd referendum and sparked a massive backlash from Pro-Brexit ministers – May was prepared to put 2nd referendum […]
FL: Fed’s Evans: Must consider role of balance sheet in a low rates world May 21, 2019 at 03:54PM
Fed’s Evans speaks at financial markets conference in Florida The only headline comment so far is a rather tame one. He says: Will be monitoring for any additional comments (or comments from […]
FL: US broad indices trades at new session highs May 21, 2019 at 03:46PM
All major indices trading at new highs The Huawei news from just after the close yesterday continues to support the price action today. ForexLive Continue Reading:… Search Web: US broad indices trades […]
FL: Fed’s Evan due to speak at 10:45 AM ET/1445 GMT May 21, 2019 at 03:41PM
Feds Evans is the President of the Chicago Fed and is a voting member in 2019 Fed’s Evans is due to speak at 10:45 AM ET. Evans is a voting member on […]
Forex – U.S. Dollar Rises on Huawei, Trade Relief
May 21, 2019 at 03:33PM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–us-dollar-rises-on-huawei-trade-relief-1874626 Selected by fonecable.com Search Web: Forex – U.S. Dollar Rises on Huawei, Trade Relief
FL: AUDUSD looks to test the low from last week May 21, 2019 at 03:34PM
New session lows as the market prepares for a June cut The AUDUSD fell below the 100 hour MA after the news, and raced lower (see blue line in the chart above). […]
GOLD: 80% of Traders are Net-Long
May 21, 2019 at 03:30PM Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias. […]
U.S. to offer temporary exemptions to Huawei export ban
May 21, 2019 at 03:27PM U.S. officials said Monday they would grant a handful of temporary exceptions to an export blacklist against Huawei Technologies Co., giving some suppliers and customers of China’s […]
Ron Paul Says Bitcoin ban won’t stop the dollar from self-destructing
May 21, 2019 at 03:11PM Former US Congressman Dr. Ron Paul recently attended the crypto Consensus conference in New York as a guest of the Digital Asset Policy Network. During his visit […]
FL: Eurozone consumer confidence for May -6.5 vs -7.7 estimate May 21, 2019 at 03:00PM
Euro zone consumer confidence for May 2019 ForexLive Continue Reading:… Search Web: Eurozone consumer confidence for May -6.5 vs -7.7 estimate
FL: US existing home sales for April 5.19M vs 5.35M estimate May 21, 2019 at 03:00PM
US existing home sales for April 2019 – US existing home sales come in weaker than expected at 5.19M vs 5.35M estimate. That was also lower than the 5.21M reading last month […]
FL: Existing home sales will be released at the top of the hour May 21, 2019 at 02:49PM
EU consumer confidence will also be released The USD is higher in NY trading with the USDJPY moving to new highs, and above it’s 100 day moving average. The AUDUSD are just […]
Bitcoin: Retail Trader Data Shows 77.6% of Traders Are Net-Long
May 21, 2019 at 03:45PM Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias. Continue […]
JPMorgan raises its Brexit no-deal probability forecast to 25 from 15%
May 21, 2019 at 02:43PM Continue Reading… Author: Reuters https://www.investing.com/news/forex-news/nodeal-brexit-probability-rises-to-25-from-15-jpmorgan-says-1874559 Selected by fonecable.com Search Web: JPMorgan raises its Brexit no-deal probability forecast to 25 from 15%
USD/CAD Levels to Watch if the Current Sideways Movement Breaks
May 21, 2019 at 02:30PM USD/CAD Stuck in a sideways pattern:For nearly four weeks USD/CAD has been consolidating within a narrow trading range (1.3516 – 1.3377) Continue Reading… From: Mahmoud Alkudsi https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2019/05/21/USDCAD-Price-Forecast-How-the-sideways-movement-would-come-to-an-end-MK.html […]
FL: US stocks open higher on help from Huawei concessions May 21, 2019 at 02:35PM
Nasdaq leads the way higher US major stock indices are higher on help from the US Huawei concessions. A snapshot of the major indices, are now showing: Continue Reading:… Search Web: US […]
FL: JP Morgan out with some new Brexit predictions May 21, 2019 at 02:27PM
JP Morgan Brexit predictions They now see: ForexLive Continue Reading:… Search Web: JP Morgan out with some new Brexit predictions
FL: The pound looks for a boost from PM May May 21, 2019 at 02:21PM
Today’s comments from Joel Krueger FX markets have been anything but volatile in 2019 and despite the US Dollar rallying some more over the past week, trading conditions remain subdued. The New […]
