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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Government deficit data ForexLive Continue Reading:… Search Web: Canada September budget deficit C$0.58B

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 […]

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 […]

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 […]

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 […]

Comments from the new Austrian central bank leader ForexLive Continue Reading:… Search Web: ECB’s Holzmann: Can’t ignore environment in monetary models

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 […]

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 […]

Canada third quarter growth data: ForexLive Continue Reading:… Search Web: Canada Q3 GDP +1.3% vs +1.3% expected

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% […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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:… […]

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 […]

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: […]

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 […]

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 […]

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 […]

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 […]

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 […]

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% – […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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. […]

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 […]