.fonecable {

That number is annualised, still horrible though. GS: Prior to this update GS were downbeat already, just not quite so much As for jobs, also ugly: ForexLive Continue Reading:… Search Web: Goldman […]

The second of Australia’s manufacturing PMIs for the month. – Comes in at 49.7, from the previous month reading of 50.2 The key points highlighted in the report: Continue Reading:… Search Web: […]

That’s for the 2nd quarter of 2020 That’ll be an annualised number  NZ’s Teas Sec speaking to a parliamentary committee. ForexLive Continue Reading:… Search Web: New Zealand Treasury is forecasting at least […]

Australian Industry Group Performance of Manufacturing Index  big jump in March, AiG cite the rise in mostly, almost entirely, due to the surge in demand for household essentials like food, toilet paper, […]

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 […]

Official government data is due tomorrow US time, but for now the private survey showing an enormous inventory build  Zero Hedge have the numbers:  I posted over the weekend on the huge […]

Cleveland Federal Reserve President Loretta Mester more to come   ForexLive Continue Reading:… Search Web: Fed’s Mester says an unemployment rate above 10% is feasible

Jeffrey Gundlach is the founder of DoubleLine Capital Speaking on his regular webcast I am sure there will be more to come   ForexLive Continue Reading:… Search Web: Fund manager Gundlach says […]

Forex news for North American trading on March 31, 2020: Markets: – Gold down $45 to $1577 – WTI crude oil up 16-cents to $20.26 – US 10-year yields down 5 bps […]

European Central Bank (ECB) Governing Council member Boštjan Vasle – Governor, Banco de Portugal.  Nothing further at this stage, but Vasle saying the European Central Bank is not of ammo. Continue Reading:… […]

2130 GMT Australia – AiG Manufacturing PMI for March – The Australian Industry Group Performance of Manufacturing Index should begin to show impact from the coronavirus outbreak this month 2200 GMT Australia […]

Defers tariffs for most -favoured’ nations for 3 months  report via Reuters  ForexLive Continue Reading:… Search Web: Report Trump has signed off on plan to reduce tariffs for 3 months (conditions apply)

Dow & S&P worst month since 2008 The US stocks are ending the day with declines across the board but by differing degrees. For the month, the Dow and S&P had the […]

Seasonals aren’t a good idea this month There are times when seasonals are a valuable part of the forex toolbox. This isn’t one of those times. News on the economy and coronavirus […]

Major indices down -1.5% The US stocks have moved to session lows as the last hour of trading volatility kicks and once again.  ForexLive Continue Reading:… Search Web: Stocks move to session lows […]

California is third-worst state California was one of the earliest hotspots but numbers haven’t risen like New York but a 17% rise today in the number of cases is worrisome. Continue Reading:… […]

A trading range of 1052 pips The USDJPY is finishing up a month where the low to high trading range has totaled 1052 pips.  That is the 3rd highest range going back 10 years […]

People are running out of patience and money The most-frightening fact in the coronavirus outbreak is that 27% of American adults would need to borrow or sell something to pay for an […]

Bloomberg report Trump will announce a deferral of some tariff payments, according to Bloomberg. This will apply to any Chinese goods or steel and aluminum. What else is there? Continue Reading:… Search […]

859 pip trading range It is the last day of March in what has been an outlier month in fundamental and technical perspective. Fundamentally, not only was there the historic coronavirus pandemic, […]

Air pockets and pops Sailors are always at the mercy of the wind and right now gales are swirling in every direction. Sometimes it’s better to take the sails down and wait […]

Gold to finish the month virtually flat If you bought gold at the start of March you got a big rally to start the month, then a massive plunge followed by a […]

100 hour MA and 38.2% of the last leg higher at 0.60818 If I were to put a market barometer level for the AUDUSD it would be at the 0.60818 level. That […]

Comments from the SF Fed President Some amazing deduction from the SF Fed President given that Wall Street economists are the worst quarter in history. ForexLive Continue Reading:… Search Web: Fed’s Daly […]

Flows dominating but technicals compelling Today was the third test of that line and it’s held so far. We’re getting slightly better news from Europe but the US is clearly deteriorating on […]

Cases leveling off at two-week low The new cases yesterday were the fewest since March 17 and they’re fractionally higher. Fatalities on the day were 837 compared to 812 a day earlier. […]

New York state coronavirus numbers: The death toll has tripled in four days but the +50% hit rate is most troubling. Italy’s Lombardi region never hit 50%. Just over 1% of the […]

Two domestic factors are in play I think we’re seeing some inflows into Canadian oil and gas today because of two big government announcements. The state of play in oil is very […]

Cable rallies to 1.2467 Cable is at the high of the day at 1.2467 in a quick 100-pip turnaround after falling as low as 1.2361 on heavy fixing sales. "I would tend […]

This is the super-corporate takeover of America Why did Wal-Mart hit a 52-week high in March? Why is it up in the month despite an implosion in the economy? It wasn’t because […]

Worst quarter ever for crude We’re down to the final hours of Q1 2020 and volatility could very well pick up into the close. There were reports of month end, quarter end […]

The fix is at the top of the hour The pound is quickly lower and a few currencies are bouncing around. We’re minutes away from the 4 pm London fix. I would […]

Consumer confidence from the Conference Board The ‘present situation’ index held up much better than expected but I don’t believe that will last. "Consumer confidence declined sharply in March due to a […]

UK virus deaths continue to climb Yesterday 243 people died of coronavirus in the UK. Officials today began to count those who died in the community, rather than just in hospitals. However […]

Back above a topside trend line The GBPUSD has completed a down and up intraday lap in trading today. The early Asian high came in at 1.2420. The high price just reached 1.24227.  […]

Major indices down about -0.5% give or take The major US stock indices are opening lower, but off the premarket low levels. Generally speaking, the major indices are down about -0.6% to […]

Key target for the USDCAD The USDCAD is trading at a new session high and in the process is testing its 200 hour moving average and 50% retracement at the 1.42844 to 1.42935 area. We […]

Here’s why… The USDCHF has participated in the dollar rally over the last few days of trading (including today ). The move higher today took the price above its 100 hour moving average for […]

That’s a shocking number Goldman Sachs has been taking its forecasts down in steps and now sees Q2 down 34%, from -24% a fortnight ago. For Q1 they see -9% from -6%. […]

Housing data from S&P CoreLogic Case-Shiller for January 2020: The US housing market was in good shape at the start of the year. There is no way of knowing whether that holds […]

Intraday ceiling at 108.707. The 200 day MA is at 108.296 The USDJPY moved higher in early Asian session but has been consolidating in an down and up and down market around the 200 day moving […]

Cracked below target support levels  The EURUSD in the Asian session was able to crack below the floor at 1.1009-11 but ran into trend line support and the 100 hour MA.   Buyers […]

Fed launches another round of swap lines The reason the Fed is establishing these swap lines is because they don’t want foreign creditors to sell US assets right now. So the swap […]

Canadian January 2020 growth numbers: PPI data: ForexLive Continue Reading:… Search Web: Canada January GDP +0.1% m/m vs +0.2% expected

What to watch for The main economic data point of the day comes at 1400 GMT with the Conference Board’s March survey of US consumer confidence. The consensus is 110.0 from 130.7 […]

Dollar continues its move higher As North American traders enter for the day, the USD is leading the charge as the strongest of the major currencies, while the AUD is the weakest.   Stocks are […]

Forex news from the European session – 31 March 2020 Headlines: Markets: – USD leads, AUD lags on the day – European equities mixed; E-minis down 0.3% – US 10-year yields down […]

Comments by China’s Cabinet via state media announced ForexLive Continue Reading:… Search Web: China says that will make further targeted RRR cuts to medium and small banks

The postponement is aimed to protect its workforce In case you missed the earlier from two weeks back, Ford is among those who said that they will shut shop until the end […]

AUD/USD falls back towards the 0.6100 level ForexLive The pair got a mini-flash crash earlier in the day in a fall to 0.6078 before quickly rebounding towards 0.6200 but has been steadily […]

Comments by Japanese economy minister, Yasutoshi Nishimura ForexLive Continue Reading:… Search Web: Japan economy minister says the country is not in a situation now to declare state of emergency

Comments by ECB governing council member, Robert Holzmann – The idea behind PEPP was to make liquidity rapidly available – The rules for PEPP will be set in the future ForexLive Continue […]

The greenback is leading gains in the major currencies space ForexLive The dollar is continuing its good form to start the week as it is maintaining decent gains in the European morning […]

Spain reports highest daily fatalities related to the coronavirus Adding to the less comforting news is that the number of confirmed cases has risen to 94,417 from 85,195 yesterday. That marks a […]

Well, well, well.. Just take note that previously, because the patients were not showing symptoms. However, they have tested positive for COVID-19. China did not include these cases in their official count […]

Latest data released by Eurostat – 31 March 2020 – +1.2% – Prior +1.2% ForexLive The headline figure slumped as expected, owing to a drop in energy prices over the past few […]

China tweaks its reporting for case counts again There has been a big debate among local opinions as to whether or not China should start reporting these numbers as the current reporting […]

Retail sales value dropped by 44% year-on-year last month ForexLive The 44% y/y plunge in retail sales value is the most on record, with retail sales volume also taking a plunge of […]

Comments by RKI chief, Lothar Wieler – This optimism is still justified – Any change in the virus trend will be clearer after Easter – Says that actual mortality rate from the […]

The BOJ raises its frequency of bond purchases for next month across four different maturities ForexLive The sweeping changes are across the maturities from <1-year to 10-year JGBs, with tweaks to the […]