Politburo meeting says downward pressure is increasing. Bloomberg is reporting that China leadership is planning more stimulus measures in response to disappointing economic data. Continue Reading:… Search Web: China: More stimulus aid […]
October 31, 2018 at 11:00PM The British Pound rose on Brexit deal hopes while oil prices fell on record US crude output data as stocks and FX diverged. Australian Dollar may fall […]
Up 0.41% at 5854 The Australia’s S&P/ASX 200 is trading up 0.41% at 5854 in early trading . The low reached 5830.30. The high extended to 5862.30 so far. Continue Reading:… Search […]
YoY +2.0% vs 1.7% expected ForexLive Continue Reading:… Search Web: S. Korea CPI -0.2% vs -0.2% est.
In line with last month’s decline The MoM changes have been at 0.0% or below since October 2017 (so for the last year). That is a negative trend. Continue Reading:… Search Web: […]
Tests 2018 low and stalls The EURUSD continued the choppy steps lower and in the process has moved to test the August/2018 low at 1.1300. The low reached 1.13012 so far. We […]
A bit higher than the preliminary reading ForexLive Continue Reading:… Search Web: CBA Australia PMI manufacturing for October (F) comes in at 54.5 versus 54.3 preliminary
But they will meet In Brazil at G20 It is hard to expect a miracle from the "meeting". It might be a result, that the two leaders have a formal "meeting" as […]
October 31, 2018 at 07:27PM Ripple’s XRP was among the best performing cryptocurrencies in September. But the bullish sentiment hasn’t sustained well this month. The XRP-to-USD pair has recorded a 24 percent […]
Highlights of manufacturing index ForexLive Continue Reading:… Search Web: AiG performance of manufacturing index for October 58.3 vs 59.0 last month
Last month came in at 59.0 Other economic releases on the calendar today include: Continue Reading:… Search Web: AiG Performance of Manufacturing index for Oct. due shortly. Other events today.
Prior month revised to -0.2% from -0.3% ForexLive Continue Reading:… Search Web: ANZ job advertisements for October 1.4% vs -0.2% last month
White House, Republican House tax law writers say…. No further details. There are still a number of days before the election. So expect anything and everything to be said to entice voters. […]
Nasdaq is the dog (for a change) For the day today, the major indices in the US showed: Each was well off the intraday highs. The month ended with a 2-day win […]
Forex news for New York trading on October 31, 2018: Markets: – Gold down $7 to $1216 – WTI crude down 80-cents to $65.09 – S&P 500 up 29 points to 2711 […]
October 31, 2018 at 08:00PM The recent rebound in AUD/USD may continue to unravel ahead of the next RBA meeting as the central bank is expected to keep the cash rate at […]
S&P 500 finishes up 1.1% The S&P 500 finished up by a respectable 29 points to minimize the damage in the a terrible month. Looking forward, what stands out to me is […]
He’s right It’s an underrated part of the equation. You can look through the history of midterms all you like but the market remembers the election of Donald Trump and how much […]
Five thoughts on FX performance this month A few things stand out on month-to-date FX returns: Emerging market returns: Continue Reading:… Search Web: The yen came out on top this month, […]
Free farmland in Italy if you have three kids Italy’s new government wants to give away land to people who have kids. The latest draft budget will offer state-held agricultural land rent-free […]
The hits just keep on coming for General Electric It was once one of the few AAA-rated corporates, now its B-rated. Shares haven’t bounced in the past two days and the latest […]
October 31, 2018 at 06:37PM US stocks have finally caught a bid, with the Dow rallying by more than 1,100 points from this Monday’s low. Will bulls be able to hold the […]
October 31, 2018 at 06:28PM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–dollar-flirts-with-16month-highs-on-bullish-private-jobs-report-1668447 Selected by fonecable.com Search Web: Forex – Dollar Flirts With 16-Month Highs on Bullish Private Jobs Report
Congressional bill will allow them to use derivatives Mexico hedges its production each year and now Colombia is looking to do the same. In general, hedging is always done at the wrong […]
S&P 500 up 2% Stocks are at their best levels of the day with the S&P 500 up 2% in a broad rally. The index is up 50 points to 2732 and […]
You can’t stop trade in gold The that the US plans sanctions on Venezuela’s gold exports. WSJ reports The US says it’s trying to stop Maduro from looting the nation’s riches. Most […]
USD/CAD rides high again USD/CAD is up 52 pips to a session high as the US dollar closes out the month on a strong note. It had been butting up against resistance […]
October 31, 2018 at 04:54PM GBPCAD reversed from support area Further gains are likely GBPCAD recently reversed up from the support area between the strong support level 1.6600 (which has been reversing […]
October 31, 2018 at 04:52PM Silver broke support area Further losses are likely Silver recently broke through the support area located between the key support level 14.40 (low of the previous impulse […]
A look at Halloween prices The St Louis Fed is out with today as they look at the costs of candy and costumes on Halloween. some topical research The good news is […]
Closing changes for the European bourses On the month: Add in the 2.4% drop in the euro against the dollar and it adds up to a brutal month for foreign investors. Continue […]
What moved markets Wednesday US equities have been a bigger focus of late, in light of what many are fearing could be an even bigger decline in a global backdrop that has […]
Comments from Jordan – Trade war tensions could lead to tighter monetary policy – Trade war could impact Swiss franc I don’t see any world where Switzerland is among the countries hardest […]
Comments from an unnamed EU official Another pop in GBP, albeit a quickly-fading one. Bloomberg headline, citing an EU official after a meeting of EU envoys on Brexit. Continue Reading:… Search Web: […]
October 31, 2018 at 05:02PM The ongoing shift in retail sentiment undermines the recent rebound in the GBP/USD exchange rate as the pickup in volatility sparks a sharp rise in net-long interest. […]
More bad news for the peso Mexico was affirmed at BBB+ but the outlook was lowered to negative from stable. ForexLive Continue Reading:… Search Web: Fitch revises Mexico’s outlook to negative from […]
New Zealand house prices That ain’t cheap and Auckland is much worse at $1,238,448. ForexLive Continue Reading:… Search Web: New Zealand Quotable Value house prices rise 5.4% y/y
October 31, 2018 at 04:20PM The Pound sharply rose to session highs against the US Dollar after Brexit Minister Raab stated in a letter that he will give evidence to Brexit committee […]
Pips away from the August low Someone has to be thinking about trying to run some stops here. The fresh low in EUR/USD is 1.1305. The August low was 1.1301. If that […]
Welcome to month end Huge flows appear to be driving down USD/JPY to 112.85 from a high of 113.39. The last 30 pips of the move is clearly selling pressure into the […]
October 31, 2018 at 03:41PM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–us-dollar-inches-down-but-remains-near-16month-high-1668116 Selected by fonecable.com Search Web: Forex – U.S. Dollar Inches Down but Remains Near 16-Month High
Brexit deal should be finished by November 21 announces Brexit Secretary Dominic Raab … MIRROR Brexit deal should be finished by November 21 announces Brexit Secretary Dominic Raab The government had […]
October 31, 2018 at 03:30PM Canadian Dollar has remained rather resilient despite broad-based USD strength. Here are the targets & invalidation levels that matter on the USD/CAD charts this week. Continue Reading… […]
Headline gives a lift to GBP ForexLive Continue Reading:… Search Web: Raab: Expect Brexit deal by Nov 21
Six nations ratify the agreement Six of the 11 Trans-Pacific Partnership countries have ratified the agreement and that means it will go into effect in 60 days. Continue Reading:… Search Web: Trans-Pacific […]
Comments from Governing Council member Hernandez De Cos in Madrid The start of a dovish turn from the ECB? ForexLive Continue Reading:… Search Web: ECB’s De Cos: Eurozone slowdown more pronounced than […]
October 31, 2018 at 03:00PM The cryptocurrency market remains in a lull with very tight trading ranges and low volumes. Sentiment remains negative and lower prices look likely. Continue Reading… From: Nick […]
OPEC Oil Output Rises to Highest Since 2016 Despite Iran: Reuters Survey … REUTERS OPEC Oil Output Rises to Highest Since 2016 Despite Iran: Reuters Survey BY ALEX LAWLER LONDON (Reuters) […]
What’s the trade on marijuana This article was submitted by More and more trading analysts are talking about the impact of WEED , since it entered in the financial markets. The question […]
Rise in U.S. crude-oil supplies nearly matches expectations, but marks a sixth weekly climb … MARKETWATCH Rise in U.S. crude-oil supplies nearly matches expectations, but marks a sixth weekly climb By MYRA […]
Chicago PMI edges down to 58.4 in October vs 60 expected … FXSTREET Chicago PMI edges down to 58.4 in October vs 60 expected By Eren Sengezer “The MNI Chicago Business Barometer […]
That helps to explain the drop in oil prices ForexLive Continue Reading:… Search Web: OPEC output jumps in October despite declines by Iran and Venezuela
Weekly US energy inventory and production data – Prior crude oil +6346K – Gasoline 3161K vs -2250K expected – Distillates -4054K vs -1550K expected Continue Reading:… Search Web: EIA weekly US oil inventories +3217K […]
Job advertising was weak Online advertised vacancies decreased 267,300 to 4,482,900 in October, according to The Conference Board Help Wanted OnLine (HWOL) report. Continue Reading:… Search Web: US job ads decreased by […]
Powell is all about the bank regulation The main reason Powell got the job as Fed President, in my opinion, was his strong desire to roll back or ease bank regulations and […]
Raab in a letter More of what we’ve heard for awhile but it’s giving a small lift to the pound. ForexLive Continue Reading:… Search Web: Brexit: Raab says they aren’t far from […]
USD/JPY up 25 pips Is it month end or something more? USD/JPY is up for the third day, climbing a steady 25 pips to 113.38. The 61.8% retracement of the October decline […]
October 31, 2018 at 02:01PM The US Dollar is continuing to push to fresh yearly highs as markets wind down the first month of Q4. EUR/USD is approaching 1.1300 – can bears […]
The Chicago-area PMI All the sub-indexes remained in expansionary territory. ForexLive Continue Reading:… Search Web: October Chicago PMI 58.4 vs 60.0 expected
Solid open The S&P 500 is up 27 points, or 1.1%, to 2709 shortly after the open. This would be the first day of consecutive gains since Sept 19-20. The index is at […]
October 31, 2018 at 01:29PM US dollar rose to hit a fresh 16 month high as short-term drivers come into effect. Pound Finds Support on EURGBP unwind. Continue Reading… From: Justin McQueen […]
Comments from the Portuguese foreign minister The question is: what’s an EU-UK exit deal worth in the market? Cable is near some important support levels but as soon as there is a […]
October 31, 2018 at 01:20PM Continue Reading… Author: Reuters https://www.investing.com/news/forex-news/dollar-set-for-biggest-winning-streak-in-more-than-three-years-1667794 Selected by fonecable.com Search Web: Dollar set for biggest winning streak in more than three years
Trump talking stock markets The #1 reason to buy this dip is because the President will do everything in his power to avoid a bear market. He measures himself by approval ratings, […]
Big battle setting up EUR/USD is at a fresh low as a wave of US dollar buying goes through the market following strong ADP and wages data. The euro is now setting […]
October 31, 2018 at 12:30PM October produced scary conditions in financial markets ultimately yielding a stronger US Dollar, giving it its third-best month of 2018. Continue Reading… From: Christopher Vecchio, CFA https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2018/10/31/DXY-Index-Ticks-Fresh-2018-High-Dont-Be-Spooked-by-Rebalancing.html […]
Highlights of the Treasury’s borrowing plan ForexLive Continue Reading:… Search Web: Treasury quarterly refunding to raise $83B
US Q3 wage and employment data – Wages +0.9% vs +0.5% prior – Benefits +0.4% vs +0.9% prior ForexLive Continue Reading:… Search Web: US Q3 employment cost index +0.8% vs +0.7% expected
Canada September industrial product price ForexLive Continue Reading:… Search Web: Canada September industrial product price +0.1% vs 0.0% expected
The August Canada GDP report ForexLive Continue Reading:… Search Web: Canada August GDP +0.1% vs 0.0% expected
Stock futures higher It’s been a scary month for risk assets but Halloween looks like it will be a sweet one for stocks. S&P 500 futures are up 22 points to 2707 […]
October ADP employment ForexLive Continue Reading:… Search Web: US October ADP employment 227K vs 189K expected
The US jobs market has been rolling I don’t think the market risks are high for this report, despite the volatility. The jobs market has been so solid, for so long that […]
Forex news from the European morning session – 31 October 2018 Headlines: Markets: – GBP leads, CAD lags behind on the day – European equities trade higher, E-minis up 0.7% Continue Reading:… […]
October 31, 2018 at 09:51AM Ripple’s New Chief Market Strategiest, Cory Johnson, is certainly a known quantity in the traditional financial world. He co-founded TheStreet.com with CNBC’s Jim Cramer – that guy […]
October 31, 2018 at 09:31AM Seven years ago, Marshall Hayner gave his grandfather one bitcoin, worth about $30. On the paper wallet he fashioned to commemorate the gift, the U.S. entrepreneur and […]
October 31, 2018 at 09:09AM An official gauge of China’s factory activity dropped to a 27-month low in October as escalating trade tensions with the U.S. continued to weigh on sentiment, especially […]
Further comments by ECB governing council member Olli Rehn – Today’s shows inflation just above 1% – That reflects weak domestic price pressures – ECB would benefit from considering to reassess monetary […]
GBP/USD touches a high of 1.2776 on the session ForexLive And price is now moving towards a test of the resistance seen from Friday’s low @ 1.2777. That will be the next […]
Spain GDP Logs Steady Growth In Q3 … RTT Spain’s GDP Logs Steady Growth In Q3 By RTTNews Staff Writer Spain’s economy logged a steady growth in the third quarter, flash […]
Comments by ECB governing council member Olli Rehn – Expects ‘mild rebound’ in growth in Q4 – Prospects for returning to conventional interest rates, balance sheet have strengthened ForexLive Continue Reading:… Search […]
Comments by Italy’s finance minister Giovanni Tria – Uncertainty over Italy’s outlook can be overcome with growth – Budget aimed at cutting Italy’s growth gap with the rest of the EU ForexLive […]
October 31, 2018 at 11:01AM Yesterday saw a notable rebound in US equity markets into the close with the positive sentiment spilling into Asia. However, the “risk on risk off” barometer remains […]
Yahoo Finance Tech Crunch ZeroHedge