Forex news for Americas trading on October 4, 2019: Markets: – Gold flat at $1504 – US 10-year yields down 1.5 bps to 1.52% – WTI crude up 43-cents to $52.86 The […]

Closing changes on the main US exchanges: On the week: Those are some modest moves on the week that disguise how wild a ride it was. Here is how the weekly S&P […]

Comments from the Fed’s Mester: ForexLive Continue Reading:… Search Web: Fed’s Mester: US economy is doing pretty well overall

Forex futures positioning data for the week ending September 24, 2019 from the CFTC  should Modest changes in the major currencies for the current week. Although speculators trimmed short positions in the pound, […]

Economic data to watch out for Economic data was the driver of financial markets this week as the ISM manufacturing and non-manufacturing surveys made huge waves. Continue Reading:… Search Web: What’s on […]

What is the trade in USD/JPY MUFG Research discusses USD/JPY tactical outlook and adopts a neutral bias, expecting the pair to remain contained in 106-109 range in the near-term. "Over the last […]

Up $0.36 or 0.69% The price of crude oil futures are settling at $52.81 for the week. Last Friday, the close was at $55.91. For the week, that is a decline of $3.10 or […]

The USD is mostly lower     For the USD, the greenback is mostly lower with the sharpest decline being a near 1% fall in the USDJPY. The dollar is also lower versus the EUR (-0.40%), […]

Comments from Powell at Fed Listens event Powell will listen and take questions from the audience. He’s also scheduled to appear twice next week. Continue Reading:… Search Web: Fed’s Powell: US economy […]

S&P 500 up 1% The S&P 500 had traded in a four-point range for the past two hours but has now edged above that. It’s up a hefty 29 points to 2939. […]

New York Fed continues actions to relieve stress in funding markets This makes it far more likely a standing facility will go into place at the next Fed meeting. Continue Reading:… Search […]

Does he comment on the data? The Fed chair Jerome Powell will be giving the opening remarks at a Fed Listens event in Washington at the top of the hour.  The event will also feature Fed […]

S&P back above the 100 day MA both the S&P index and NASDAQ index are up solidly and near session highs. The S&P index is up 26.23 points or 0.90% at 2936.88. The high reached 2939.04 […]

Weekly rig count from Baker Hughes That’s seven straight weeks lower for US rigs. ForexLive Continue Reading:… Search Web: US Baker Hughes weekly oil rig count 710 vs 713 prior

Rosengren on CNBC: ForexLive Continue Reading:… Search Web: Fed’s Rosengren: We have to worry about financial stability

Comments from Bostic – The last round of tariffs has the potential to directly hit consumers Bostic is right that some of the slow investment is due to trade uncertainty, but here’s […]

Johnson is sticking with the script It will be a great accomplishment if he pulls it off but the market isn’t exactly signaling imminent success. ForexLive Continue Reading:… Search Web: Boris Johnson: […]

Run lower (dollar buying) could not be sustained The EURUSD is back to the up and down chop-chop after the run lower could not press toward the moving averages below (200 hour […]

More from Trump: ForexLive Continue Reading:… Search Web: Trump sees a very good chance of a trade deal with China

Provisional closes show gains The provisional closes for the European shares are in the black today although the week is still showing lower levels. The closes are showing: Continue Reading:… Search Web: […]

The weekly GDP tracking index from the New York Fed The prior estimate was 2.06%, this one is 2.03%, so it’s really just rounding. However the Q4 estimate was cut to 1.3% […]

Held  support at 200 hour MA and underside of broken trend line The AUDUSD has continued it’s run higher after falling to test support at the 200 hour MA and underside of […]

Comments from Trump: The market has heard enough of this kind of chatter to block it out. ForexLive Continue Reading:… Search Web: Trump says a good deal with China could happen

Things are heating up There are also early reports that a 14-year-old protestor was shot. The protests have been going on for months but every deeper flareup sparks risk aversion. Continue Reading:… […]

EU document cited by Reuters: The global growth drag is old news but taxing tech could be a headwind for US stock markets and sentiment. It’s also not new, but it’s gathering […]

More hints from Kudlow This sounds more and more like he knows what’s coming. ForexLive Continue Reading:… Search Web: Kudlow: Trade talks next week could should China opening up financial services

100 hour MA, 200 bar MA on 4-hour, old trend line and 1.2300 all broken The GBPUSD moved below a cluster of technical levels defined by the That area (up to 1.23058) is […]

Canada manufacturing PMI results: ForexLive Continue Reading:… Search Web: Canada September Ivey PMI 48.7 vs 60.6 prior

That should play well Secretary of State Mike Pompeo says China’s strategy to secure infrastructure deals is ‘bribe heavy’. China is going to love that comment. Continue Reading:… Search Web: Pompeo accuses […]

Trough to read much into that comment If anything, it’s negative. I would like to believe they already have a very good idea of what’s coming. He also said there could be […]

Nasdaq leads the way The major US stock indices are opening up with solid gains after the "goldilocks" jobs report showed some strength with little wage inflation.   Continue Reading:… Search Web: US stocks open […]

Economic fears ebb US unemployment fell to a 50-year low in September at 3.5%. That was better than the 3.7% expected as the US economy added 136K jobs in the month. Continue […]

Swing area at 1.0691-95. Risk for longs now The USDJPY has moved higher after the decent US jobs report. In doing so, the pair will back above a swing area at the 106.91 – 954 […]

Spiegel report This has been brewing for a few days and shouldn’t be a big surprise but it’s pulling cable to fresh lows. ForexLive Continue Reading:… Search Web: European parliament president has […]

3.5% unemployment rate. Adding jobs but workers still not getting paid more The US employment report was decent with 3.5% unemployment rate, jobs being added, but workers still not getting raises (0.0% earnings/2.9% YoY vs 3.2% last). Continue Reading:… Search […]

Canada international merchandise trade balance – Canada international merchandise trade balance C$-0.96 billion versus C$-1.2 billion – the July deficit was revised to C$-1.38 billion from C$-1.12 billion previously reported ForexLive Continue Reading:… […]

US trade balance for the month of August 2019 ForexLive Continue Reading:… Search Web: US trade balance for August $-54.9 billion versus $-54.5 billion estimate

September 2019 US non-farm payrolls: ForexLive Continue Reading:… Search Web: September non-farm payrolls +136K vs +145K expected

Time for the data The consensus for the Sept report is 145K following 130K in August but the market will have shifted lower after yesterday’s weak employment component in the ISM non-manufacturing […]

The USD lower  As traders await the US employment/NFP numbers, the USD is weaker but a not as much as the GBP in the morning snapshot. The CHF is the strongest of […]

European trading news Markets – Dax: +0.04% – UK FTSE: +0.26% – Euro Stoxx: +0.13% – France 40 (CAC): +0.17% – Gold: +0.25% $1509 – US Oil: +0.15% 52.54 Continue Reading:… Search […]

Rising dollar may be to blame, via Bloomberg Custody holdings at the Fed just fell below $3trillion for the first time in two years.   The rising dollar may be to blame […]

Looks like keeping to the Benn Act ForexLive Continue Reading:… Search Web: UK PM Johnson: has committed to sending an A50 extension letter 

Via Reuters ForexLive Continue Reading:… Search Web: PM Johnson’s spokeswoman on the wires

Via Reuters ForexLive Continue Reading:… Search Web: EU Commission: No deadline set for reaching a Brexit deal

DXY pressured The dollar Index tried to break above 99.50 on Monday, but then we had the weak US data on Tuesday (US ISM manufacturing biggest miss since 2009) and Thursday (US […]

Getting ready for Brexit, via Ransquawk  Secretary-General of the EU Council has informed member state delegations that if no new legal text is submitted by the UK before the end of next […]

Pompeo via Reuters ForexLive Continue Reading:… Search Web: US Pompeo: will ‘do our best’ to accommodate each country

Via Reuters ForexLive Continue Reading:… Search Web: Brexit: Irish Foreign minister: UK proposals a step forward

Via Bloomberg There is highly focus on the NFP data today, but is there too much hope being pinned on a good jobs number to reverse this weeks falls? This is my […]

Jobs expectations via Reuters Another NFP preview for us – che  ck out Eamonn’s preview post earlier here. Reuters poll:  If the US labour market shows weakness today this will raise the […]

Currencies Nothing really going on ahead of the NFP. Hang Seng fell a little more on the mask law -1.07%, European equites are taking a break ahead of NFP later with mild […]

UK society of Motor Manufacturers and Traders delay at source – The data tracks the number of motor vehicles newly registered for the month in question. Very little immediate ma Continue Reading:… […]

Penalties for those wearing masks ForexLive Continue Reading:… Search Web: Hong Kong Secretary for security: mask fines HK$25,000

Markit ForexLive Continue Reading:… Search Web: Germany September construction PMI 50.1 vs 46.3 prior