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A rise of 15 from the last official estimate. CNBC is reporting that the  death toll from the coronavirus has been raised to 41 in China. That is up from 26 previously (a gain […]

Trump says he appreciates China’s transparency on virus There’s a that’s just starting to do the rounds of the hallway in the Wuhan hospital. It shows people walking around what looks to […]

Forex news for NY trading on January 24, 2020 In other markets: – Spot gold is trading up $8.30 or +0.53% at $1571.15.  The price is trading up from last Friday’s close at $1557.24 […]

Nasdaq snaps 7 week win streak.   The major indices give up early gains on coronavirus concerns and are ending the day lower.  For the week, the NASDAQ index snapped a 7 week winning streak and […]

Weekly FX futures positioning data from the CFTC – EUR short 47K vs 48K short last week. Shorts trimmed by 1K  – GBP long 25K vs 31K long last week. Longs increased […]

It will spread to nearby cities and countries next A UK expert on the transmission and evolutionary dynamics of infectious diseases has published a with four colleagues that estimates transmission parameters for […]

Down $1.40 or -2.52% The price of crude oil futures are settling at $54.19.  That is down $1.40 or -2.52%.  The low for the day reached $53.85, while the high extended to $55.95. Continue Reading:… […]

The price reverses higher and is now positive on the day Just when you thought the markets might had lower into the close, there is a report that the FAA is saying that recertification […]

100 hour MA at 3286.67 The S&P moved below the 100 hour MA at 3286.67.  The price low has reached 3281.53. We currently trade at 3285.00. For the Nasdaq, the 100 hour […]

Health minister declares that first case is confirmed First case in Bordeaux, second near Paris. I’m having a hard time keeping count of the number of countries now. Continue Reading:… Search Web: […]

Death tool unchanged at 26 Earlier today the tally was at 830 cases. SARS caused an eventual 8098 cases and 774 deaths. Many people are taking the number of deaths (26) and […]

Bank of England analysis from Alejandro Zambrano, chief market strategist at ATFX UK Why could the Bank of England Cut Interest Rate in January? Source:  Continue Reading:… Search Web: BOE: Bank of […]

Weekly oil rig count from Baker Hughes ForexLive Continue Reading:… Search Web: Baker Hughes US oil rig count 676 vs 673 prior

A huge earnings calendar next week.  In addition to any escalation of the coronavirus, the stock markets will be tested next week by a plethora of earnings announcements.  The "Who’s Who" of companies will be […]

A few things to consider Markets are increasingly tuning into the risks around coronavirus. It’s taken equity markets awhile but the S&P 500 fell back below 3300 and to the lows of […]

Nasdaq leading the way lower The stock tumble has accelerated with the  ForexLive Continue Reading:… Search Web: Stock tumble accelerates

Pentagon now says 34 people concussed The President and top US officials have downplayed US casualties from the strike but are releasing more information now. A report at the time said the […]

German Dax up 1.3%.  France’s CAC, up 0.8%.  UK’s FTSE 100, +1.1% The major European indices are ending the day higher.  For the week all but the German Dax fell. Continue Reading:… Search Web: European shares rebound to end […]

No changes this week Also unchanged at 1.67% for Q1 2020. The NY Fed said there were no releases this week to impact the model. Look at that ‘booming’ economy. Continue Reading:… […]

Risk trades hit again Are you ready for another week or two of this? The S&P 500 is down 13 points, gold is up $9.50 and oil is at a fresh low […]

Move below the 100 hour MA The GBPUSD corrected off dip buying against the 100 hour MA  up to 1.3106. The move back above the 1.3100 could not be sustained. The price […]

Running away from the 100 day MA The AUDUSD has turned to the downside as fears of the coronavirus is taking hold into the weekend.   In the process, the pair is moving […]

Back to pre-Iran attack levels Gold is catching a safe-haven bid in a quick rally to $1574 from $1559 at the start of US trading. The market is divided at the moment. […]

Mnuchin spoke to Reuters in Davos The US announced it would issue 20-year bonds this year as it copes with a deficit at 5% of GDP. ForexLive Continue Reading:… Search Web: Mnuchin […]

Looking toward the 1.100 and lows since November The EURUSD is trading back near session lows. The low for the day reached 1.10257. The price just traded to 1.10259.  Continue Reading:… Search […]

Stocks and bonds are seeing a different world US stocks have been a juggernaut this year but the bond market continues to signal concern. The latest coronavirus headlines have sapped risk and […]

Risk wobbles USD/JPY is under some pressure as risk trades slip and gold rallies. The big level I’m watching is 1.70% in the US 10-year. It’s just above that now, down 3 […]

January services and manufacturing PMIs from Markit ForexLive Continue Reading:… Search Web: US January prelim Markit services PMI 53.2 vs 53.0 expected

Coronavirus fears weigh OPEC officials gently floated the idea of more production cuts if necessary in March but that didn’t do anything to stem worries about global growth and demand in the […]

S&P and Dow lagg Intel’s earnings after the close yesterday beat expectations on the top and bottom line and the for guidance was also more positive. Intel shares are up $4 on the day or 6.4%In […]

India may raise import tariffs Reuters reports that India will target about $56 billion in imports with tariffs of 5-10%; mostly on electronics, chemicals and handicrafts. Continue Reading:… Search Web: Make India […]

Sentiment improves in December Belgian business sentiment is a leading indicator. It’s still negative but it’s improving. ForexLive Continue Reading:… Search Web: Belgian December business sentiment -2.0 vs -3.4 prior

WTO appellate body has been frozen The US essentially shut down the WTO dispute resolution system this year by blocking appointments. However the EU, China and 15 other countries have now signed […]

The dip to the 38.2% stalled the fall in the USDJPY Yesterday was a down day and the technicals defined the bias. The price fell below the December ceiling at the 109.675-723 […]

The gains after PMI are quickly reversed with buyers stalling the fall near the 100 hour MA The GBPUSD moved higher after the Markit PMI manufacturing index (P) for January rose to 49.8 […]

Canadian November 2019 retail sales data The headline is strong but the ex-autos number is more important and it’s a drag despite the positive revision. Overall, I think the market was leaning […]

What to watch for There is only one release from Canada and one from the United States on Friday but they’re both high-tier releases. Canada is up first with the November retail […]

The GBP whips around after PMI data The coronavirus remains a concern, and it is likely to be a hit to the Chinese economy but it is not running away as of […]

Forex news from the European morning session – 24 January 2020 Headlines: Markets: – NZD leads, GBP lags on the day – European equities higher; E-minis up 0.2% Continue Reading:… Search Web: […]

Kuroda says that the BOJ will continue accommodative policy for some time – Core inflation remains low – Japanese domestic demand fairly strong – Expects strength in business investment to continue ForexLive […]

Comments by ECB president, Christine Lagarde, at the WEF in Davos – Upward move in inflation is really minor – Downside risks are less pronounced due to trade deals Pretty much a […]

A WHO spokesperson comments in Geneva ForexLive Continue Reading:… Search Web: WHO spokesman: It is still too early to draw conclusions on how severe the coronavirus is

Bond traders are hinting at caution ahead of the weekend ForexLive While European equities are posting more solid gains and US futures are up by ~0.2%, bond yields have fallen off in […]

The greenback firms alongside the yen as bonds see a fresh bid ForexLive EUR/USD is falling below support around 1.1040 now as price hits a session low of 1.3032 – the lowest […]

Cable falls to a session low of 1.3086 on the day ForexLive The pound is falling to its lowest levels on the day with cable slipping back below the 1.3100 handle currently […]

That is something pound buyers will not be too happy about ForexLive The UK PMI data beat earlier failed to tip the scales significantly and I reckon that is something that won’t […]

Comments by ECB governing council member, Olli Rehn – This is something that the governing council discusses incessantly – This is at the core of the strategy review, we want to make […]

Cable jumped to near three-week highs of 1.3173 before retracing to 1.3125-40 ForexLive Pound traders are not looking too impressed by the UK PMI data beat earlier, as the currency is struggling […]

Latest data released by Markit/CIPS – 24 January 2020 – 47.5 – Services PMI 52.9 vs 51.1 expected – 50.0 – Composite PMI 52.4 vs 50.7 expected – Prior 49.3 ForexLive Continue […]

Cable is at session highs close to 1.3150 A break above the recent swing highs above the 1.3150 will clear out some resistance for cable in searching for a move higher, but […]

ECB governing council member, Francois Villeroy de Galhau, speaks in Davos – Inflation goal must be symmetric, flexible, and credible ForexLive Well, the PMI data today certainly suggests that he is not […]

ECB releases the results of its latest survey of professional forecasters – 2020 inflation seen at 1.2% (previously 1.2%) – 2021 inflation seen at 1.4% (previously 1.4%) Continue Reading:… Search Web: Economists’ […]

Latest data released by Markit – 24 January 2020 – 46.3 – Services PMI 52.2 vs 52.8 expected – 52.8 – Composite PMI 50.9 vs 51.2 expected – Prior 50.9 ForexLive Continue […]

The firm expects the BOE to cut its bank rate by 25 bps on 30 January Adding that "to be sure, there is scope for positive PMI surprises today (based on the […]

Comments by ECB governing council member, Klaas Knot, in Davos – But there are decreasing returns to further rate cuts – Strategy review an opportunity to close perception gap on inflation ForexLive […]

German PMI readings rise to five-month highs across the board, possibly hinting at a bottom in the recent slowdown All three of the manufacturing, services and composite readings hit a five-month high […]