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The headline on the article projecting a collapse into recession for the UK next year is here: The Times piece is gated, but a bit more: Via Reuters   OBR to lay […]

The news that the two sides are moving closer to agreement broke yesterday: A little more dribbling out, with a senior Japanese official, Koji Tomita, Japan’s sherpa to the Group of 20 industrialized […]

A snippet from Nomura on the US stockmarket leading into the Federal Reserve’s Federal Open Market Committee meeting later this month. We even think there is an automatic stabilizer of sorts in […]

The correlation between the Australian dollar and iron ore prices comes and goes.   Yesterday I did note the fall in the intraday iron ore price on the Dalian exchange coinciding with […]

The UK Times carries a story on impending forecasts from the UK’s  official economic forecaster – Expected to forecast that the UK will slip into recession in 2020 if there is a […]

Forex news for NY trading on July 17, 2019 In other markets, a snapshot of the markets are showing: – Spot gold is trading up $19.78 o 1.41% at $1426.10. In addition […]

Justin had the news during Europe time on MS warning that a hard, no deal Brexit would send the pond lower I guess it all boils down to the politics we see […]

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 […]

The Japanese Finance Minster speaking in France Nothing controversial in that comment. Adds: – G20 sees a pick up in the global economy towards next year – protectionism will not benefit any […]

The Reserve Bank of Australia aims to drive unemployment lower, circa 4.5%. The most recent jobs report (for May) had the rate at 5.2%. Of course, the June report will not show […]

Not a great sign for the global economy From Alcoa: "Global aluminum demand growth for 2019 is estimated to range between 1.25 percent and 2.25 percent, down from 2 percent to 3 […]

2350 GMT Japan June Trade balance: expected Y 403.5bn, prior was Y -968.3bn – Trade balance (adjusted): expected Y -153.2bn, prior was Y -609.1bn – Exports y/y: expected -5.4%, prior was -7.8% […]

Earlier gains erode. S&P index back below the 3000 level The major US indices are closing near session lows. There is a late day report that US/China talks have stalled as the […]

Headlines crossing Progress has stalled as Trump’s administration tries to figure out how to meet the agreement to allow some US firms to sell products to Huawei. Continue Reading:… Search Web: US-China […]

What moved markets on Wednesday The dollar has been uptrending since mid-2018 and there have been periods in recent days where the Buck has looked like its wanted to extend the run. […]

Doesn’t sound like someone who is ready to negotiate There was some fresh optimism about talks yesterday but this doesn’t sound like someone who is about to come to the negotiating table. […]

Netflix will be the key release After the close, Netflix, IBM and eBay will release earnings. ForexLive Continue Reading:… Search Web: Earnings after the close highlighted by Netflix, IBM and eBay

Wisdom from Ray Dalio The problem with markets is that they change. What works today probably won’t work in 10 years. That’s why some investment managers are superstars for a time and […]

The 100 hour MA will be a barometer in the new trading day The USDCAD experienced some volatility when the CPI and manufacturing sales data was released. The price spike back above […]

Down -$0.84 or -1.46% The price of WTI crude oil is settling after $56.78. That is down -$.84 or -1.46%.  The high price today extended to $58.36. The low came in at […]

High stalled at the swing high from July 12th The USDCHF has had an up and down sesssion today. The up for the day, reached to the high from last Friday (and […]

Highlights of the Beige Book: ForexLive Continue Reading:… Search Web: Fed’s Beige Book: Economic activity expanded at ‘modest pace overall’

Comments from George in Kansas City: These are preliminary comments. We will keep an eye out for anything market moving. George is a hawk so anything slightly dovish could have an effect. […]

News out earlier Canada was affirmed at AAA by Fitch earlier today with a stable outlook. It’s one of the few sovereigns with a top rating at all three major ratings agencies. […]

NZD/USD at the highs of the day The New Zealand dollar edged above yesterday’s high to touch a fresh three-month high at 0.6747. New Zealand CPI numbers matched estimates on Monday at […]

GBPUSD above the 1.24378-417 area The GBPUSD has cracked above swing lows from last week (Monday/Tuesday) at 1.24378-417 area. The move is now approaching the 38.2% of the move down from last […]

French presidency source speaking ForexLive Continue Reading:… Search Web: G7 officials see trade tension weighing on global economy

USMCA progress being made… A senior US Democratic lawmaker, is saying: ForexLive Continue Reading:… Search Web: Democrats have made constructive proposals on USMCA trade deal

100 day MA and 100 hour MA above swing area The EURUSD has moved to a new session high and in the process has moved to the initial target area defined by […]

USD moves lower The AUDUSD is following the USD lower and trades to a new high and in  in the process of moving above its 100 hour and 100 day averages at […]

German Dax, Frances, CAC, UK FTSE all in the red The major European stock indices are closing with losses on the day.  The provisional numbers are showing: Continue Reading:… Search Web: European […]

No change from yesterday’s estimate The Atlanta Fed GDPNow estimate for 2Q GDP growth remained unchanged at 1.6% (vs. the estimate yesterday).  IN their own words: Continue Reading:… Search Web: Atlanta Fed […]

Gold rebounds from $1400 Consolidation continues to be the story in gold but economic jitters have lifted it towards the top of the range over the past month. Continue Reading:… Search Web: […]

200 hour MA could not be reached. Stocks move lower and so do yields… Technically, the pair could not muster enough support to get to the the 200 hour MA again after […]

S&P index gives up 3000 level Below the 50 hour MA is the lagging 100 hour MA at 2973.62 currently (and moving higher). Since June 5th, the price has not traded below […]

Do both sides needs some pain first? The conditions might not be right for the US and China to make a trade deal, Morgan Stanley argues in a note today. They highlight […]

Remains below the $10,000 level The price of bitcoin has moved to the lowest level since June 19 after sellers took the price lower yesterday on the back of the continued unwind […]

Weekly energy inventory data from the EIA: This was expected to be a noisy report due to shutdowns surrounding Tropical Storm Barry. The numbers show some major builds in products. Continue Reading:… […]

HSBC with an early preview of the July 31 FOMC decision The FOMC decision exactly two weeks away and speculation about what’s coming is already a market preoccupation. Continue Reading:… Search Web: […]

Low at the close yesterday stalled near 100 hour MA The NZDUSD broke above its 100 day MA on Friday. Yesterday the price moved back below the level, only to find support […]

Marginal gains/losses at the opening The major US indices are trading mixed in early trading. The snapshot is showing: In the US debt market yields are little changed with the longer end […]

Tweet from Hu Xijin Xijin is seen as a mouthpiece for the state: Based on what I know, the Chinese side is very insistent on three principles regarding China-US trade deal. 1. […]

Comments in the IMF external sector report No big surprises here. ForexLive Continue Reading:… Search Web: IMF estimates the US dollar is 6-12% overvalued

What’s coming up in stock markets S&P 500 futures are up 5 points in a modest start after a 10 point decline yesterday sparked by some modestly negative comments from Trump on […]

Closed at 1.1211 yesterday The EURUSD is trading near unchanged at 1.1211 (at 1.1214 currently). Looking at the hourly chart, below the 1.1201-07 area is a swing area. The price moved below […]

Tight correlation develops between loonie and oil USD/CAD is a bit higher after CPI and manufacturing sales data but there was nothing in the numbers that was particularly notable. CPI fell to […]

Pair trades between 100 and 200 hour MA The USDJPY has dipped marginally after the weaker US housing data, but is recovering already.  The pair has seen traders respect the 200 hour […]

Canada May manufacturing sales data ForexLive Continue Reading:… Search Web: Canada May manufacturing sales +1.6% vs +2.0% expected

US housing starts and building permits for June ForexLive Continue Reading:… Search Web: US housing starts for June 1253K vs 1260K estimate

Canadian inflation data for June 2019: – Median 2.2% vs 2.1% exp (prior 2.1% revised to 2.2%) – Common 1.8% vs 1.8% exp (prior 1.8%) – Trim 2.1% vs 2.2% exp (prior […]

Economic data coming up US data today is focused on housing with the June housing starts report coming up at 1230 GMT. I don’t see a US dollar risk around this report […]

The USD is mixed in early NA trading As North American traders enter for the day, the NZD is the strongest. The CHF is the weakest. The USD is mixed with gainss […]

The firm says the pound has the potential to fall to historic lows against the dollar in the worst-case Brexit scenario ForexLive In a note by the firm’s strategists, they argue that […]

Forex news from the European morning session – 17 July 2019 Headlines: Markets: – NZD leads, CHF lags on the day – European equities mixed; E-minis flat – US 10-year yields down […]

US and China are expected to hold another trade call this week ForexLive The progress (or illusion of it) has been rather slow between both countries since the Trump-Xi meeting in Osaka. […]

Latest data from the Mortgage Bankers Association for the week ending 12 July 2019 –  -2.4% – Purchase index 265.1 vs 275.6 prior – Market index 500.2 vs 505.8 prior Continue Reading:… […]

The schedule for Fed speakers before the FOMC blackout period begins (17 July) 1730 GMT – Fed’s George speaks in Missouri Kansas City Fed president Esther George will be discussing the economic […]

Further comments by UK Brexit secretary, Stephen Barclay – Says that a no-deal Brexit is not a ‘stationary position’ ForexLive   Continue Reading:… Search Web: UK’s Barclay: I think risk of a […]

The Canadian dollar is holding firm on the day ahead of the CPI data release ForexLive The loonie has been one of the top performers over the past three months – only […]

UK Brexit secretary, Stephen Barclay, speaks about his recent meeting with EU chief Brexit negotiator, Michel Barnier – Says that there has been misleading information/reports on their meeting ForexLive Continue Reading:… Search […]

Latest data released by Eurostat – 17 July 2019 – -0.8%; revised to -1.7% – Construction output +2.0% y/y – Prior +3.9%; revised to +3.1% ForexLive Continue Reading:… Search Web: Eurozone May […]