November 30, 2019 at 09:00PM Gold price’s next move is largely dependent upon what happens in the US-China trade war. Continue Reading… From: Christopher Vecchio, CFA Selected by fonecable.com Search Web: Weekly […]
US Dollar May Rise as US-China Trade Deal, Key Data Fall Flat
November 30, 2019 at 02:00PM The US Dollar may benefit from haven demand as key economic data falls short of expectations while any “phase 1” US-China trade deal disappoints. Continue Reading… From: […]
NEWS: December’s major central bank overview November 30, 2019 at 08:50AM
The central bank rundown The weekend is a perfect time for a quick catch up for where the major central banks are at. The central banks are listed below with the most […]
Canadian Dollar Outlook Bearish on BOC, Jobs Data, Trade War
November 30, 2019 at 07:00AM The Canadian Dollar may face selling pressure if the BOC outlook strikes a more cautious note ahead of a cascade of key jobs data as US-China trade […]
Australian Dollar Could Struggle With RBA Rate Call, GDP Figures
November 30, 2019 at 03:00AM The Australian Dollar is as in thrall to US-China trade headlines as any asset, but the coming week offers the prospect of much domestic distraction. Continue Reading… […]
NEWS: China official PMIs for November beat estimates and higher than in October November 30, 2019 at 02:28AM
The manufacturing PMI has come in at 50.2, back into expansion for the first time since April this year. – expected 49.5, prior 49.3 – the new export orders sub-indicator moved to […]
NEWS: ForexLive Americas FX news wrap: Canadian GDP matches estimate, oil sinks November 29, 2019 at 09:07PM
Forex news for North American trading on November 29, 2019: Markets: – Gold up $8 to $1463 – WTI crude down $2.69 to $55.42 – Natural gas down 8.8% – US 10-year […]
NEWS: Note that CFTC positioning data is delayed because of the holiday November 29, 2019 at 08:45PM
The data is coming on Monday Because of the US holiday, the data through the close of Tuesday won’t be released until 3:30 pm ET on Monday (2030 GMT). Then it will […]
NEWS: UK police say two civilians killed in London bridge attack November 29, 2019 at 08:21PM
London police say 3 others injured It’s not clear if the attacker is among those two. He was killed by police bullets on the bridge and was reportedly wearing a fake explosive […]
NEWS: NAFTA finalization stuck on three topics – report November 29, 2019 at 07:15PM
Negotiators continue to talk Stricter labour standards in Mexico, A stronger dispute settlement mechanism, measures to change patent protections that could rein in drug prices and environmental protection are the four topics […]
NEWS: Seasonal scorecard: Makin’ it November rain November 29, 2019 at 06:32PM
How did the seasonal trades do in November At the start of November and every month I write about seasonal patterns to watch out for. were a great performance on the FX […]
NEWS: US equity markets weaken into the close November 29, 2019 at 06:03PM
Early close due to the US holiday The S&P 500 fell 12 points to 3141, finishing just 2 points above the session low. Selling accelerated on reports about more more sanctions on […]
NEWS: ECB’s De Guindos: Possibility of a recession in Europe highly unlikely November 29, 2019 at 05:53PM
Comments from De Guindos He’s got a good point about data stabilizing but I certainly wouldn’t say a recession is highly unlikely. The consensus for 2020 eurozone growth is 1.0%. That’s a […]
US shoppers stay away from stores, spend online as Black Friday begins
November 29, 2019 at 05:57PM Fewer people lined up outside stores as Black Friday shopping kicked off, suggesting early discounts offered by retail chains and a surge in online buying may have […]
NEWS: Oil drop nears 5% on OPEC worries November 29, 2019 at 05:22PM
Rough day for crude oil Fears that Russia will block an OPEC+ quota extension have hammered oil prices today. WTI is now down $4.27, or 4.75%, to $55.35. The drop puts crude […]
NEWS: US government weighs now rules to restrict Huawei suppliers November 29, 2019 at 05:08PM
The campaign against Huawei continues The US continues to pursue Huawei in its campaign to curb the rising tech company. What’s a bit puzzling are the tactics. The White House blacklisted the […]
NEWS: European equity close: UK stocks slump November 29, 2019 at 04:36PM
Closing changes for the main European bourses: On the week: It was a solid week in European equities and around the globe even with today’s pullback. Continue Reading:… Search Web: European equity […]
China Makes a Bet Against the US Dollar as World Reserve Currency
November 29, 2019 at 04:30PM There’s a significant reason why China has been issuing debt denominated in US Dollars. Continue Reading… From: Christopher Vecchio, CFA Selected by fonecable.com Search Web: China Makes […]
NEWS: NY Fed GDP Nowcast +0.8% vs +0.7% last week November 29, 2019 at 04:18PM
Weekly tracker released The latest GDP tracker from the New York Fed shows Q4 GDP at 0.77%, up from 0.71% a week ago. "Positive surprises from manufacturers’ shipments and headline price data […]
NEWS: Canada September budget deficit C$0.58B November 29, 2019 at 04:04PM
Government deficit data ForexLive Continue Reading:… Search Web: Canada September budget deficit C$0.58B
Japanese Yen Price Outlook: USD/JPY Faces Resistance / Six-Month High
November 29, 2019 at 04:00PM The Japanese Yen is on the defensive as the US Dollar probes yearly open resistance at six-month highs. Here are the levels that matter on the USD/JPY […]
Forex- U.S. Dollar Treads Water in Holiday-Thin Trade
November 29, 2019 at 03:33PM Forex- U.S. Dollar Treads Water in Holiday-Thin Trade Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex-us-dollar-treads-water-in-holidaythin-trade-2030673 Selected by fonecable.com Search Web: Forex- U.S. Dollar Treads Water in […]
NEWS: US dollar slumps as we close in on the London fix November 29, 2019 at 03:47PM
Heavy dollar selling The dollar selling the models predicted into the London fix is kicking in. That has helped to send EUR/USD up to 1.1020 after hitting a low of 1.0981 at […]
NEWS: Dennis Gartman calls it quits November 29, 2019 at 03:18PM
Author of the Gartman Letter to end publication at year-end Dennis Gartman announced today that he will cease producing The Gartman Letter at year end after a 35-year run. Continue Reading:… Search […]
NEWS: US dollar bounced around as month-end and low liquidity dominate November 29, 2019 at 03:06PM
Dollar gives back some gains It’s tough to make sense of forex moves when month-end flows begin to dominate. A wave of US dollar selling just went through the market into the […]
Trump's Trade Wars: The Global Economy is Slowing
November 29, 2019 at 03:00PM Evidence is mounting that global trade is reducing thanks to US-led trade wars, and thatthe slowdown is adversely affecting GDP growth worldwide, and therefore the markets. Continue […]
NEWS: Russia’s Novak says he favors taking OPEC+ extension decision closer to April November 29, 2019 at 02:47PM
OPEC might not be able to announce extension The bare-minimum for next week’s OPEC+ meeting was supposed to be an extension of 3-6 months beyond April but now Russia is pouring cold […]
Canadian Dollar Firms Modestly as GDP Beats, but Still Decelerates
November 29, 2019 at 02:15PM In a thinly-traded session, the Canadian Dollar was able to scrape together some gains after a slightly better than anticipated GDP report. Continue Reading… From: Christopher Vecchio, […]
NEWS: ECB’s Holzmann: Can’t ignore environment in monetary models November 29, 2019 at 02:33PM
Comments from the new Austrian central bank leader ForexLive Continue Reading:… Search Web: ECB’s Holzmann: Can’t ignore environment in monetary models
NEWS: What are the hours for US exchanges today November 29, 2019 at 02:29PM
What’s open and closed US equity markets are set for a fall at the open as the Hong Kong bill signing news filters through. S&P 500 futures are down 6 points to […]
NEWS: OPEC November oil output falls 110,000 bpd – survey November 29, 2019 at 02:08PM
Reuters secondary sources survey The OPEC meeting is on December 5 and at minimum, they will extend the agreement to lower OPEC+ supply by 1.2 mbpd. ForexLive Continue Reading:… Search Web: OPEC […]
Natural Gas Wave Analysis – 29 November, 2019
November 29, 2019 at 02:04PM Natural Gas broke daily up channel Likely to fall to 2.320 Natural Gas recently broke the support trendline of the daily up channel from August – intersecting […]
Alibaba Wave Analysis – 29 November, 2019
November 29, 2019 at 02:03PM Alibaba broke strong resistance level 195.95 Likely to rise to 205.00 Alibaba recently broke the resistance trendline of the daily up channel from the start of October […]
GBPAUD Wave Analysis – 29 November, 2019
November 29, 2019 at 02:02PM GBPAUD reversed from resistance level 1.9070 Likely to fall to 1.8900 GBPAUD recently reversed down from the resistance level 1.9070 (monthly high from October) – strengthened by […]
NEWS: Canada Q3 GDP +1.3% vs +1.3% expected November 29, 2019 at 01:30PM
Canada third quarter growth data: ForexLive Continue Reading:… Search Web: Canada Q3 GDP +1.3% vs +1.3% expected
Bitcoin’s bounce bumped into the resistance
November 29, 2019 at 01:26PM The end of the week turned out to be much more favourable for the crypto market than its beginning. Bitcoin was able to return from the area […]
NEWS: Canada Q3 GDP is coming up next November 29, 2019 at 01:19PM
Third quarter GDP is due at the bottom of the hour The highlight on the North American economic calendar today is Canadian Q3 GDP. The consensus is for a slowdown to 1.3% […]
NEWS: Euro falls through the November low November 29, 2019 at 01:06PM
Euro hits the lowest since October 10 The euro hit stops in a a drop to 1.0987. That breaks the November low at 1.0988 and threatens a run on stops. ForexLive Continue […]
NEWS: ForexLive European FX news wrap: Mixed markets as trade developments stay quiet November 29, 2019 at 12:35PM
Forex news from the European morning session – 29 November 2019 Headlines: Markets: – NZD leads, CHF lags on the day – European equities mildly higher; E-minis down 0.2% Continue Reading:… Search […]
NEWS: ECB board nominee Panetta: Inflation outlook seems to fall short of ECB target November 29, 2019 at 12:25PM
Fabio Panetta is the man nominated to succeed Benoit Coeure once the latter’s term comes to an end in 31 December 2019 – Calls for accommodataive monetary policy ForexLive Continue Reading:… Search […]
EUR/USD Price Ignores Better-Than-Expected Euro-Zone Inflation Data
November 29, 2019 at 12:00PM The latest set of Euro-Zone inflation data showed price pressures in the single-block picking up, beating market expectations. EUR/USD however failed to follow this uptick and remains […]
NEWS: UK PM Johnson: No-deal Brexit preparations will remain November 29, 2019 at 11:54AM
Says that it is right to do them and keep them in a state of readiness Johnson offered no straight answer to that and just reiterated that he is confident to get […]
Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Levels
November 29, 2019 at 10:45AM AUD/USD downside momentum stalling, however, a slew of domestic data is likely to dictate price action. AUD/NZD continues to head lower. Continue Reading… From: Justin McQueen Selected […]
NEWS: Italy Q3 final GDP +0.1% vs +0.1% q/q prelim November 29, 2019 at 11:00AM
Latest data released by Istat – 29 November 2019 – Q3 final GDP +0.3% vs +0.3% y/y prelim ForexLive The preliminary report can be found . No changes to the initial reading […]
NEWS: EUR/USD: A curious case of diverging view points November 29, 2019 at 10:39AM
Who’s got it right when it comes to betting on the euro? ForexLive The euro is a curious currency – not least with volatility hitting an all-time low this week – in […]
Is Gold Preparing for a Massive Rally? Investors Believe So
November 29, 2019 at 10:10AM Gold has had a fantastic year so far with a year-to-date (YTD) return of 20%. The move above the $1,370 resistance level in June was “almost perfect […]
Black Friday Rally to $170 for Ether? — Here’s What Must Happen
November 29, 2019 at 09:58AM Earlier this week Ethereum’s token Ether (ETH) took a serious tumble as Bitcoin (BTC) price swiftly broke down to $6,560 on Nov. 25. The price dropped through […]
NEWS: Eurozone October unemployment rate 7.5% vs 7.5% expected November 29, 2019 at 10:00AM
Latest data released by Eurostat – 29 November 2019 – 7.5% ForexLive The jobless rate continues to hold steady for a few months now but the bright side is that labour market […]
NEWS: Italy November preliminary CPI 0.0% vs -0.1% m/m expected November 29, 2019 at 10:00AM
Latest data released by Istat – 29 November 2019 – -0.1% – CPI +0.4% vs +0.3% y/y expected – Prior +0.2% – HICP -0.1% vs -0.1% m/m expected – Prior +0.2% ForexLive […]
NEWS: Eurozone November preliminary CPI +1.0% vs +0.9% y/y expected November 29, 2019 at 10:00AM
Latest data released by Eurostat – 29 November 2019 – +0.7% – Prior +1.1% ForexLive The positive takeaway here is that inflationary pressures are seen rebounding slightly in November with the core […]
NEWS: UK October mortgage approvals 64.6k vs 65.4k expected November 29, 2019 at 09:30AM
Latest data released by the BOE – 29 November 2019 – 65.9k; revised to 65.8k – Net consumer credit £1.3 billion vs £0.9 billion expected – Prior £0.8 billion ForexLive Continue Reading:… […]
Wake-up calls from Asia pressured the markets
November 29, 2019 at 09:18AM Asian markets are declining on Friday. The cautious mood when the US-China tensions pressed the markets, was intensified by the worries over the weak production data from […]
NEWS: UK PM Johnson: The NHS is not for sale November 29, 2019 at 09:16AM
Johnson defends his position over the NHS and a trade deal – Labour party is producing "pure Bermuda Triangle stuff" on NHS claims – We have talks on trade deals underway with […]
Brexit Briefing: DUP Rejects UK Government's Brexit Deal
November 29, 2019 at 09:00AM Northern Ireland’s Democratic Unionist Party has launched its General Election manifesto, opposing key elements of the deal agreed between UK Prime Minister Boris Johnson and the EU. […]
NEWS: Germany November unemployment change -16k vs 6k expected November 29, 2019 at 08:55AM
Latest data released by the Federal Employment Agency – 29 November 2019 – 6k; revised to 5k – Unemployment rate 5.0% vs 5.0% expected – Prior 5.0% ForexLive Continue Reading:… Search Web: […]
China Financial Warning Signs Are Flashing Almost Everywhere
November 29, 2019 at 09:02AM From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the nation’s policy makers to […]
NEWS: EUR/USD trades narrowly as sellers continue to lean on key near-term level November 29, 2019 at 08:21AM
EUR/USD trades in a 6 pips range to start the day ForexLive Is this thing even awake today? Price is basically just hugging the 100-hour MA (red line) since overnight trading as […]
Forex – U.S. Dollar Stays Little Changed After Strong Data; HK Concerns Weigh
November 29, 2019 at 05:50AM Forex – U.S. Dollar Stays Little Changed After Strong Data; HK Concerns Weigh Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–us-dollar-stays-little-changed-after-strong-data-hk-concerns-weigh-2030356 Selected by fonecable.com Search Web: Forex […]
NEWS: European equities open lower to start the day November 29, 2019 at 08:08AM
The more cautious tones continue to prevail in the equities space – Eurostoxx -0.4% – Germany DAX -0.4% – France CAC 40 -0.3% – UK FTSE -0.5% – Italy MIB -0.3% ForexLive […]
A $3 Trillion BOJ Quantitative Tightening Scheme? Kuroda Says No
November 29, 2019 at 08:08AM A $3 Trillion BOJ Quantitative Tightening Scheme? Kuroda Says No Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/a-3-trillion-boj-quantitative-tightening-scheme-kuroda-says-no-2030416 Selected by fonecable.com Search Web: A $3 Trillion BOJ […]
NEWS: Switzerland November KOF leading indicator index 93.0 vs 95.0 expected November 29, 2019 at 08:00AM
Latest data released by the KOF Swiss Economic Institute – 29 November 2019 – 94.7; revised to 94.8 ForexLive The data here measures the future trends of overall economic activity in the Swiss […]
NEWS: France Q3 final GDP +0.3% vs +0.3% q/q prelim November 29, 2019 at 07:45AM
Latest data released by INSEE – 29 November 2019 – Q3 final GDP +1.4% vs +1.3% y/y prelim ForexLive The preliminary report can be found . here Continue Reading:… Search Web: France […]
NEWS: France October consumer spending +0.2% vs +0.3% m/m expected November 29, 2019 at 07:45AM
Latest data released by INSEE – 29 November 2019 – -0.4%; revised to -0.3% – Consumer spending -0.2% vs -0.3% y/y expected – Prior +0.3%; revised to +0.5% ForexLive Continue Reading:… Search […]
NEWS: France November preliminary CPI +0.1% vs 0.0% m/m expected November 29, 2019 at 07:45AM
Latest data released by INSEE – 29 November 2019 – 0.0% – CPI +1.0% vs +1.0% y/y expected – Prior +0.8% – HICP +0.1% vs 0.0% m/m expected – Prior -0.1% – […]
NEWS: USD/JPY buyers still cautious in extending upside break from earlier this week November 29, 2019 at 07:26AM
USD/JPY sits flattish close to 109.50 to start the day ForexLive Despite buyers having broken above some key resistance levels – 200-day MA (blue line) and 61.8 retracement level – on Wednesday, […]
US Dollar, Rupee Forecast: USD/INR and Nifty Brace for India GDP
November 29, 2019 at 07:30AM The USD/INR uptrend may resume as India GDP slows to a 2013 low on a teetering banking sector that threatens the Nifty 50. The Rupee has struggled […]
NEWS: BOJ’s Kuroda: We still view that the Japanese economy will gradually recover as a whole November 29, 2019 at 07:16AM
But notes that global risks remain large – China’s economy unlikely to fall into recession – Private consumption somewhat weakening, warrants attention ForexLive Continue Reading:… Search Web: BOJ’s Kuroda: We still view […]
NEWS: Why GBP traders may want to look to January for Black Friday sales boost. November 29, 2019 at 07:09AM
Via Bloomberg I came across a helpful post recently on Bloomberg’s Market Live Blog from Laura Cooper. In the post she highlighted the impact that Black Friday sales have had in the […]
NEWS: Eurostoxx futures -0.2% in early European trading November 29, 2019 at 07:06AM
Slightly softer tones observed in early trades – German DAX futures -0.3% – French CAC 40 futures -0.3% – UK FTSE futures -0.3% ForexLive Markets remain more cautious amid US-China trade tensions […]
NEWS: Germany October retail sales -1.9% vs +0.2% m/m expected November 29, 2019 at 07:00AM
Latest data released by Destatis – 29 November 2019 – +0.1%; revised to 0.0% – Retail sales +0.8% vs +3.0% y/y expected – Prior +3.4% ForexLive Slight delay in the release by […]
NEWS: BOJ’s Kuroda: Can’t say for sure that yen has weakened because of BOJ easing November 29, 2019 at 06:58AM
Further comments by Kuroda – Currencies won’t necessarily move in tandem with monetary policy – Says that the BOJ is not targeting specific FX rates – But notes that it is desirable […]
NEWS: BOJ’s Kuroda: Not considering additional easing at present November 29, 2019 at 06:46AM
Says that there is no need for the BOJ to take action immediately – BOJ will ease more if risks affecting the price momentum starts to grow – BOJ not at a […]
NEWS: European pre-market: Currencies little changed to start the day November 29, 2019 at 06:37AM
Narrow ranges prevail amid the Thanksgiving holiday ForexLive Markets are still moving along with trepidation as US-China trade tensions continue to keep the risk mood more tepid as we look towards the […]
NEWS: Trade ideas thread – European session 29 November 2019 November 29, 2019 at 06:22AM
Daily thread to exchange ideas and to share your thoughts As we look ahead, it is still all about the US-China trade rhetoric at the moment with the topic still casting an overwhelming shadow […]
NEWS: Nikkei 225 closes lower by 0.49% at 23,293.91 November 29, 2019 at 06:04AM
Asian equities still hurt by US-China trade tensions Notably, the Hang Seng is down by 2% as large protests are reportedly set to take place in Hong Kong once again this weekend. […]
Gold Prices Up, Markets Fret China Response To US Hong Kong Bills
November 29, 2019 at 06:00AM Gold prices benefited from weaker risk appetite and softer risk appetite as Hong Kong continues to glower over US-China trade prospects. Continue Reading… From: David Cottle Selected […]
Forex – U.S. Dollar Stays Little Changed After Strong Data; HK Concerns Weigh
November 29, 2019 at 05:50AM Forex – U.S. Dollar Stays Little Changed After Strong Data; HK Concerns Weigh Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–us-dollar-stays-little-changed-after-strong-data-hong-kong-concerns-wei-2030356 Selected by fonecable.com Search Web: Forex […]
NEWS: BOJ’s Kuroda: Not thinking about lowering 2% inflation target November 29, 2019 at 05:51AM
Further comments on the day by BOJ governor, Haruhiko Kuroda ForexLive The issue with Japan is that they are much closer to disinflation/deflation than they are towards achieving any form of sustainable […]
NEWS: Economic data coming up in the European session November 29, 2019 at 05:16AM
Eurozone CPI in focus in a packed calendar in Europe It’s been a quiet start to proceedings as currencies remain little changed, with the push and pull in the US-China trade rhetoric […]
NEWS: ECB’s Villeroy says central bank should integrate climate change in economic models November 29, 2019 at 05:08AM
Comments by ECB governing council member, Francois Villeroy de Galhau – ECB should account for climate risk in collateral planning – France is not sheltered from cooling global economy I find it […]
NEWS: Japan November consumer confidence index 38.7 vs 36.8 expected November 29, 2019 at 05:01AM
Latest data released by the Japanese Cabinet Office – 29 November 2019 – 36.2 ForexLive Slight delay in the release by the source. The index here measures the households’ confidence on the economy. […]
How Crude Oil Prices React to Weather-Induced Disruption Fears
November 29, 2019 at 05:00AM With increasing volatility in weather patterns, how might storms, hurricanes and floods rattle the supply chain for petroleum-based products and impact crude oil prices? Continue Reading… From: […]
NEWS: BOJ Gov Kuroda says ample room to ease further – will not hesitate if needed November 29, 2019 at 04:56AM
Bank of Japan Governor Kuroda reiterating his view on easing more if needed – Plenty of room to ease further – Won’t hesitate to ease further if momentum towards the Bank’s inflation […]