The data point is an indication of prices for services products provided by Japanese firms to other businesses & to government. Data from the Bank of Japan. Continue Reading:… Search Web: Japan PPI […]
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FL: Australia ANZ/Roy Morgan Consumer Confidence: 118.6 (prior week was 117.2) May 28, 2019 at 12:30AM
A weekly measure of consumer sentiment in Australia. Tends not to be a forex mover upon release, but it is a useful indicator whwne viewed over a longer period. Continue Reading:… […]
FL: US President Trump says his meetings with Japanese PM Abe went very well May 28, 2019 at 12:03AM
Trump on Twitter: Yesterday I posted on Goldman Sachs correlating deteriorating financial conditions in the US with the President’s recent tweets: ForexLive Continue Reading:… Search Web: US President Trump says his meetings […]
AUDUSD Chart Analysis: Upswing Expected to Keep Downtrend Intact
May 27, 2019 at 11:30PM The Australian Dollar is aiming higher after finding support above the 0.68 figure but gains are likely to be corrective within the bounds of a broader downtrend. […]
FL: NZD traders heads up for a busy week of data, RBNZ and the government budget this week May 27, 2019 at 11:35PM
Plenty on the agenda from New Zealand this week and of likely impact on the NZ dollar. From the RBNZ on the 29th of May 2019 (local time), the bank’s Financial Stability […]
FL: Updated AUD/USD forecasts from 2 banks, 0.68 tipped by both May 27, 2019 at 11:12PM
Scanning some of the projections for the Australian dollar issued over past days. Via CBA and Westpac. neither are overly bearish on the AUD. , in summary: Continue Reading:… Search Web: Updated […]
FL: Bank of Canada’s monetary policy rate announcement preview (spoiler … non-event) May 27, 2019 at 10:51PM
The BoC meet on Wednesday May 29 2019. As the headline to the post says, expectations are for no change. I posted an earlier preview here: This now, via CIBC on what […]
FL: Nomura – forget elections, look at fundamentals, euro downtrend to persist for some time May 27, 2019 at 10:11PM
US and UK markets were closed on Monday but comments from Nomura via Bloomberg TV Only a real quick video but a useful summation: In brief: EUR rates negative, USD rates positive, […]
Chinese Yuan at 7.00 Barrier: The Most Important Level for Currency Markets
May 27, 2019 at 10:00PM As the trade war escalates between the US and China, FX markets are on the lookout as the Chinese Yuan reaches the critical 7.00 handle versus the […]
FL: Trade ideas thread – Tuesday 28 May 2019 May 27, 2019 at 09:48PM
Welcome to Asia, where markets will be open today! Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: […]
FL: China Global Times: US tries to suppress China, steal away interests, wants to rob China May 27, 2019 at 09:39PM
A very strongly worded opinion piece in the Chinese press, Global Times When I say strongly worded, this (bolding mine, very confrontational): Wow. . Continue Reading:… Search Web: China Global Times: […]
FL: US markets were closed on Monday 27 May 2019. Here’s a ‘catch up’ on the day’s headlines. May 27, 2019 at 09:27PM
With US markets closed for Memorial Day activity was on the quiet side. FX is not completely closed on market holidays, there are desks operating with reduced staff levels. The session after […]
FL: Here is what’s on the economic calendar in Asia today May 27, 2019 at 09:11PM
Another sparse day on the data agenda here in Asia. But, hey, at least markets are open (lookin’ at you UK and US!). 2330 GMT Australia – weekly consumer sentiment data Continue […]
FL: EU election results highlight the trend towards fragmentation May 27, 2019 at 08:50PM
Center political parties are breaking This is a great illustration about what’s to come in the political future. Voters are moving away from the centre. It’s also a symbol of chaos and […]
Why Analysts are Adamant Bitcoin Rally is Just Gettin’ Started After 130% Gain
May 27, 2019 at 07:22PM The past 12 hours have been a blur for the crypto asset market. In a matter of hours, Bitcoin (BTC) rushed passed key resistance levels at $8,000, […]
FL: Oil comes to life as Brent nears $70 May 27, 2019 at 04:56PM
WTI up 33-cents WTI crude oil a spot to watch at the moment as it ticks up to $59.00. Brent is also up $1.16 to $69.84 and at the best levels of […]
FL: ECB’s Hansson: Should be less-generous in TLTRO pricing May 27, 2019 at 04:09PM
Comments from Hansson: ForexLive Continue Reading:… Search Web: ECB’s Hansson: Should be less-generous in TLTRO pricing
Weekly Technical Forecast: Dow Holds Back from Trend Reversal, Euro and Pound Pulsating
May 27, 2019 at 03:00PM While volatility readings are still remarkably restrained, we are seeing a host of critical markets pressuring or overtaking key technical levels. Whether the Dow’s eyeing 25,200, the […]
Weekly Trading Forecast: Trade Wars, Brexit and Risk Trends Threaten Volatility
May 27, 2019 at 03:00PM We are awash in critical fundamental themes unfolding before our eyes. Trade wars is once again proving a loaded theme with severe implications for more than just […]
FL: Italy will seek a seat on ECB’s executive board after Draghi leaves and push for fresh QE May 27, 2019 at 03:45PM
That’s stating the obvious Italy is in an odd spot for the next round of EU/eurozone appointments. It doesn’t have a strong backlog of candidates nor does it have much political clout. […]
FL: Euro dips on brewing EU-Italy budget battle May 27, 2019 at 02:50PM
Euro edges lower If you’re wondering what the latest dip down in the euro is about, it’s because the EU is considering starting disciplinary procedures against Italy for its failure to meet […]
FL: EU commission may open discipline process for Italy budget, risking $4B fine May 27, 2019 at 02:26PM
Report on Italy There’s nothing like fining a country because it’s short on money. Italy has been in a never-ending budget battle with the EU. It would be crazy for the EU […]
FL: Holidays in the UK and US will keep a lid on things but here are 5 things to watch May 27, 2019 at 01:43PM
It’s Memorial Day Not all holidays are created equally. Some are widely observed while others pull people into the office (or the market) anyway. Memorial Day is one of the holidays where […]
FL: Kuwait oil minister says it’s premature to say if output curbs will be extended in June May 27, 2019 at 01:05PM
Comments from Kuwait’s oil minister It would be a shock to the oil market if OPEC didn’t extend the production cut. ForexLive Continue Reading:… Search Web: Kuwait oil minister says it’s premature […]
FL: ForexLive European morning FX news wrap: Sterling retreats amid quiet markets May 27, 2019 at 12:50PM
Forex news from the European morning session – 27 May 2019 Headlines: Markets: – USD leads, CHF lags – European equities mildly higher – Gold up 0.1% to $1,286.02 Continue Reading:… Search […]
Wheat Wave Analysis – 27 May, 2019
May 27, 2019 at 12:48PM Wheat reversed from support area Further gains are likely Wheat recently reversed up from the support area lying between the pivotal support level 473.00 (former major resistance […]
USDCHF Wave Analysis – 27 May, 2019
May 27, 2019 at 12:47PM USDCHF reversed from support area Further gains are likely USDCHF recently reversed up from the support area lying between the parity, support trendline from September and the […]
FL: China’s Guo says China has never taken any measures to deliberately devalue the yuan May 27, 2019 at 12:22PM
Comments by Guo Shuqing, China’s banking and insurance regulator chief – Says China has never deliberately devalued the yuan amid trade dispute – Escalation of trade frictions will have limited impact on […]
Bitcoin quickly attracts demand after a downturn, buying pressure is growing
May 27, 2019 at 12:26PM Once again, the weekend was marked with purchases on the cryptocurrency market. The Bitcoin settled near $8,000 last week, but Sunday evening it jumped 10% to $8,800. […]
FL: Reminder: US markets are closed today May 27, 2019 at 12:09PM
US markets are closed in observance of Memorial Day ForexLive The European morning was already slow enough to start the week but thinner liquidity conditions are set to prevail in North American […]
Gold Prices at 3-Month Trend Resistance, Trade War News in Focus
May 27, 2019 at 12:00PM Gold prices are testing trend resistance guiding them lower since February. Global trade war escalation risk is in focus at the start of the trading week. Continue […]
FL: Sterling makes fresh lows as sellers continue their march May 27, 2019 at 11:23AM
Cable sellers threaten to establish a more bearish near-term bias Political headwinds will stay the course for the pound as the Tory leadership contest will only get underway in the second week […]
Bitcoin Price Hits $8,939 in New 2019 High: What’s Driving the Hypnotic Rally?
May 27, 2019 at 11:16AM In the U.S. market and on strictly regulated crypto exchanges such as Bitstamp and Coinbase, the bitcoin price surpassed $8,900 to achieve a new 2019 high at […]
Bitcoin SV (BSV) Price Spikes 33%, Gains $1 Billion From a $55 Copyright Application
May 27, 2019 at 11:11AM The holders of Bitcoin SV tokens looked like they were going to have a difficult time after correcting as much as 56-percent to the downside last week. […]
Trump says he hopes to announce a trade deal with Japan soon
May 27, 2019 at 10:36AM Speaking at a press conference with Prime Minister Shinzo Abe, U.S. President Trump said he hoped to announce a trade deal with Japan very soon. During his […]
FL: Cable slips below 1.27 as retreat continues amid steady dollar May 27, 2019 at 10:27AM
Cable hits a session low of 1.2699 ForexLive Light offers are seen lurking around the region here but the key support level is the 100-hour MA (red line) @ 1.2686. As mentioned […]
Markets roll back after last week decline, EURUSD tests the important resistance
May 27, 2019 at 10:26AM Market focus Weekend in the United States and Britain set up a sluggish course of trading on world markets, which allows key indices to carefully roll back […]
NOK, SEK May Feel Pain From EU Elections, Trade Talks, US GDP
May 27, 2019 at 10:00AM The Norwegian Krone and Swedish Krona may suffer in the week ahead as European politics and trade talks unfold against the backdrop of slowing global growth trends. […]
FL: Italy’s Salvini: We must totally re-discuss old and outdated EU fiscal rules May 27, 2019 at 09:56AM
Comments by Italian deputy prime minister, Matteo Salvini – Believes European Commission will be more friendly towards Italy now – Reiterates that Lega is committed to government contract with Five Star ForexLive […]
FL: Japan’s Nishimura says Abe and Trump did not agree to reach a trade deal by August May 27, 2019 at 09:47AM
Comments by Japan’s deputy chief Cabinet secretary, Yasutoshi Nishimura ForexLive Continue Reading:… Search Web: Japan’s Nishimura says Abe and Trump did not agree to reach a trade deal by August
FL: Cable near unchanged levels as buyers fail to wrestle back near-term control May 27, 2019 at 09:18AM
Cable falls back to near session lows around 1.2720 currently ForexLive The pound has seen an optimistic start to the week fade as we get things going here in the European morning, […]
FL: SNB total sight deposits w.e. 24 May CHF 578.6 bn vs CHF 578.3 bn prior May 27, 2019 at 09:00AM
Latest data released by the SNB – 27 May 2019 – Domestic sight deposits CHF 485.0 bn vs CHF 487.2 bn prior Prior week’s release can be found . Minimal changes to […]
Forex – Euro Holds Steady after EU Election Results, Pound Ticks Higher
May 27, 2019 at 08:47AM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–euro-holds-steady-after-eu-election-results-pound-ticks-higher-1879407 Selected by fonecable.com Search Web: Forex – Euro Holds Steady after EU Election Results, Pound Ticks Higher
US China Trade War Worries Drive Asia Markets, Japan In Focus Too
May 27, 2019 at 07:48AM Asian stock markets can look forward to a light week of economic data which will probably keep investor focus stuck firmly on trade, with progress elusive Continue […]
FL: Japan’s Suga says that haven’t heard of specific date for US-Japan trade deal May 27, 2019 at 08:18AM
Japan’s chief Cabinet secretary, Yoshihide Suga, comments While Trump lamented and took aim at Japan’s "unbelievably large" trade surplus against the US, Abe was more reserved by saying that he wishes to […]
FL: Trade ideas thread – European session 27 May 2019 May 27, 2019 at 07:57AM
Daily thread to exchange ideas and to share your thoughts As a result, liquidity conditions should to be thinner than usual as we start to navigate through month-end flows in markets. The pound is […]
Trump : Still not ready to make deal with China … TELETRADER May 27, 2019 at 07:45AM
Trump : Still not ready to make deal with China … TELETRADER Trump : Still not ready to make deal with China The United States is still not ready to make […]
FL: Trump: We are not ready to make a deal with China May 27, 2019 at 07:32AM
Trump touching on US-China relations now – Says China probably wishes they didn’t try to renegotiate the deal – Says that he bets China wish they had made the deal earlier ForexLive […]
FL: More from Trump: Not bothered by North Korea’s launch of short range missiles May 27, 2019 at 07:30AM
I reckon that remark is likely to provoke them to escalate the situation – No rush with North Korea, sanctions remain in place – Satisfied with the direction on the North Korea […]
Important upcoming events and publications for May 27-31
May 27, 2019 at 07:29AM Important upcoming events and publications for May 27-31 (GMT): Tuesday, May 28 14:00 U.S. CB Consumer Confidence 21:00 RBNZ Financial Stability Report Wednesday, May 29 07:55 German […]
Europe set to open higher after EU parliamentary elections … TELETRADER May 27, 2019 at 07:29AM
Europe set to open higher after EU parliamentary elections … TELETRADER Europe set to open higher after EU parliamentary elections Major stock markets in Europe were trading higher premarket on Monday […]
FL: Trump says continue to hope that North Korea will proceed with denuclearisation May 27, 2019 at 07:21AM
Trump is having a press conference alongside Japanese PM, Shinzo Abe – Says that US-Japan alliance is a cornerstone of the region – Wants peace and stability in North Korea Nothing out […]
FL: Eurostoxx futures +0.4% in early European trading May 27, 2019 at 07:15AM
Mild gains seen in early trades in Europe – German DAX futures +0.3% – French CAC 40 futures +0.3% ForexLive This reflects the cautiously optimistic mood in Asian trading and is helping […]
FL: Nikkei 225 closes higher by 0.31% at 21,182.58 May 27, 2019 at 07:12AM
Tokyo’s main index closes higher on cautious optimism That said, the slightly better risk mood is helping to keep the yen offered with USD/JPY trading near session highs at 109.53 currently. Continue […]
FL: Sterling holds steady ahead of European markets open May 27, 2019 at 06:52AM
Markets are in a much calmer mood to start the new week ForexLive The pound is holding steady as it trades higher to begin the week despite all the Brexit mayhem we […]
FL: The winners and losers of the European Parliament elections May 27, 2019 at 06:39AM
Populists steal the headlines but it’s not enough to warrant any shake up or change to the current establishment and political order ForexLive ‘s Lega party is among the key winners in […]
Why the Yuan Could Break 7 … or 6 … or 8
May 27, 2019 at 05:20AM Continue Reading… Author: Bloomberg https://www.investing.com/news/forex-news/why-the-yuan-could-break-7–or-6–or-8-1879343 Selected by fonecable.com Search Web: Why the Yuan Could Break 7 … or 6 … or 8
Asia’s Worst Currency Hammered as Funds Buy Foreign Stocks
May 27, 2019 at 03:40AM Continue Reading… Author: Bloomberg https://www.investing.com/news/forex-news/asias-worst-currency-hammered-as-funds-buy-foreign-stocks-1879312 Selected by fonecable.com Search Web: Asia’s Worst Currency Hammered as Funds Buy Foreign Stocks
PHP Ready to Gain as USD Falls with Crude Oil? ASEAN FX Eye US Data
May 27, 2019 at 06:00AM The US Dollar looks vulnerable, with the Philippine Peso ready to take full advantage amidst declines in crude oil prices. China PMI, US data and trade talks […]
FL: Japan March final leading indicator index 95.9 vs 96.3 prelim May 27, 2019 at 06:02AM
Latest data released by the Japanese Cabinet Office – 27 May 2019 – Coincident index 99.4 vs 99.6 prelim Slight delay in the release by the source. Preliminary figures can be found […]
FL: China’s April data continues to pose headwinds for the global economy May 27, 2019 at 05:37AM
Markets aren’t paying too much attention just yet but they should ForexLive Earlier today we saw industrial profits slump by 3.7% when compared to the same period a year ago, which signals […]
Forex – Yuan Inches Up as China Warns “Huge Loss” for Shorters
May 27, 2019 at 04:43AM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–yuan-inches-up-as-china-warns-huge-loss-for-shorters-1879342 Selected by fonecable.com Search Web: Forex – Yuan Inches Up as China Warns “Huge Loss” for Shorters
FL: Economic data coming up in the European session May 27, 2019 at 05:09AM
A bare day on the data docket with US and UK observing holidays Other than that, the dollar is a tad softer but nothing too notable as we begin trading today. Looking […]
FL: ForexLive Asia FX news wrap: Quiet ahead of UK, US holidays. BTC didn’t get the memo. May 27, 2019 at 04:48AM
Forex news for Asia trading Monday 27 May 2019 Bitcoin surged here in early Monday hours/Sunday after US time from 8000 USD to above 8700. It sat around 8600 then before setting […]
FL: North Korea says US National Security Adviser Bolton is a war fanatic May 27, 2019 at 04:16AM
State media KCNA carry a statement from the NK foreign ministry. "War fanatic’ is a pretty mild insult from that lot. they are usually a little more descriptive. Continue Reading:… Search Web: […]
FL: BOJ Governor Kuorda speech: Global Economy: Challenges and Policy Responses May 27, 2019 at 04:04AM
Bank of Japan governor Kuroda spoke at the T20 Summit Speech is here (PDF) He speaks on the global economy, imbalances and risks (highlights Brexit and trade wars) but says nothing on […]
USDJPY Rate Defends Monthly Low Despite Growing Bets for Fed Rate Cut
May 27, 2019 at 04:00AM USD/JPY fails to clear the monthly-low (109.02), with the exchange rate at risk of facing range bound conditions going into the end of May. Continue Reading… From: […]
FL: Stan Chart on what an all out trade war means for USD/JPY May 27, 2019 at 03:54AM
Standard Chartered views on what a full trade war is likely to mean for the US dollar and the yen. They see a full out trade war as the US applying 25% […]
FL: Trump and Abe meeting seems to be going well … except Trump wants to send Abe to Iran May 27, 2019 at 03:31AM
Japanese Prime Minister Abe Shinzo is hosting US President Trump Some Trump remarks on the wires: Bolded the important one … let’s see what happens on this in cooing months. The US […]
FL: Goldman Sachs on tightening financial conditions in the US … and who caused it (you’ll never guess) May 27, 2019 at 03:02AM
Via a note from GS on tighter conditions in the US. The banks says: I Guess GS aren’t counting on much business from Mr T. 😀 The GS connection. One of them […]
FL: ICYMI – its a holiday Monday in the UK and USA today. May 27, 2019 at 02:53AM
Its the Spring Bank Holiday in the UK, which is taken each year on the last Monday in May. This is to balance out the May Day Bank Holiday, which is taken each year […]
FL: China industrial profits in April -3.7% y/y (March was an outlier at +13.9%) May 27, 2019 at 02:35AM
I managed to get a chance to post a bit of background to this data point earlier here: The surge in March was against a clearly weakening trend and the number for […]
FL: No looking back for Bitcoin – Sunday BTC/USD rally extends towards 9000 USD May 27, 2019 at 02:19AM
I posted very early this morning Asia time about the sharp run up for BTC: It has not relented, although its slowed a little. As I post its above 8900 Late last […]
FL: PBOC sets USD/ CNY mid-point today at 6.8924 (vs. Friday at 6.8993) May 27, 2019 at 02:15AM
On Wednesday last week the People’s Bank of China set the reference rate for onshore yuan at 6.8992 – On Thursday at 6.8994 – On Friday they had eyes on the weekend […]
FL: Forex options expiring Monday 27 May 2019 May 27, 2019 at 02:15AM
Its a US holiday on Monday … but FX does not sleep! A bit light though – maybe a wee nap: For the 10AM NY cut EUR/USD – 1.1100 1.1bn euro amount […]
Euro Steady on European Election Results, But for How Long?
May 27, 2019 at 02:00AM The Euro has remained steady so far as the results of the European Parliament elections come in, though the risks associated with a fractured legislature may just […]
Euro holds steady after EU vote shows pro-Europe parties cling to majority
May 27, 2019 at 01:55AM Continue Reading… Author: Reuters https://www.investing.com/news/forex-news/euro-holds-steady-after-eu-vote-shows-proeurope-parties-cling-to-majority-1879290 Selected by fonecable.com Search Web: Euro holds steady after EU vote shows pro-Europe parties cling to majority
FL: Brexit – ANZ on where to for the UK and GBP. BoE upbeat, but GBP two-sided risk. May 27, 2019 at 02:00AM
ANZ remarks on GBP and the UK from Friday In brief: ANZ view for the week ahead is mildly bearish. For the month ahead, neutral. — TH UK results of the Euro […]
FL: Weekend China press says US demands are an “invasion” on its economic sovereignty May 27, 2019 at 01:39AM
Xinhua ramped up the (trade) war rhetoric over the weekend on the US The US called on China to limit the development of its state-owned enterprises – China sees the demand as […]
FL: Weekend – ECB’s Governing Council member (and potential new boss) Weidmann says he sees no need for policy change May 27, 2019 at 01:32AM
Comments over the weekend from German Bundesbank President Jens Weidmann. Weidmann is a strong contender to take over from current European Central Bank President Draghi when Draghi’s term expires at the end of […]
FL: European election results in the UK – projections (and what it says about Brexit) May 27, 2019 at 01:05AM
I posted early projections showing the ruling Conservative party likely to run in third place. Oh dear … 3rd place is just a dream now. Via BBC projections as counting becomes clearer […]
