The election will take place on December 12 Bank of America Merrill Lynch Global Research discusses GBP outlook ahead of next month’s UK elections. "Are we finally heading for some closure on […]

Forex news for NY trading on November 1, 2019 In other markets, the snapshot at the end of the week is showing:  – Spot gold is $0.17 or 0.01% at $1513.11 The US jobs […]

Record all time high closes for the S&P and Nasdaq. Dow up 300 points A great finish to the day and week for the US stocks,  The major indices are closing at […]

Walt Disney, Sprint, Uber, Square, Yelp lead the release calendar Most of the major earnings have come and gone with the heavy calendar in the current week. However, there are a few […]

Forex futures positioning data for the CFTC for the week ending October 29, 2019 – EUR short 53K vs 51K short last week. Shorts increased by 2K – GBP short 32K vs […]

Fed’s Williams speaks Fed’s Williams speaks at Rutgers University ForexLive Continue Reading:… Search Web: Fed’s Williams: Economy is in a very good place; it is strong

Up $2.02 or 3.73% The price of WTI crude oil futures are settling at $56.20. That is up $2.02 or 3.73%. The high for the day reached $56.33, while the low extended […]

Major events and releases next week Tuesday:  ForexLive Continue Reading:… Search Web: What is on the economic calendar next week?

Fall back an hour Last week, Europe shifted their clocks back an hour. That made the London/European stay extended in the NY session this week. However, the clocks go back to normal […]

SF Fed Pres. Mary Daly speaking: ForexLive Continue Reading:… Search Web: SF Fed’s Daly: US wage growth of 3% is good news

China’s response to high level phone talks today The USTR responded with comments about the US/China trade talks a short while ago. Now China is weighing in through China’s Mofcom Continue Reading:… […]

Crude oil is trading at $55.24 ForexLive Continue Reading:… Search Web: Baker Hughes US rig count 822 versus 825 estimate

Fed’s of vice chairman Richard Clarida ForexLive Continue Reading:… Search Web: Fed’s Clarida: Repeats that US economy, Fed policy is in a good place

USTR out with positive spin on trade talks As the scuttlebutt from China this week has been cautionary with regard to further progress past phase 1 of the US China trade talks, the USTR […]

Major indices higher on the day The day (and week) has ended for the major European markets and the shares are ending with solid gains.   The provisional closes are showing: Continue Reading:… Search Web: […]

Topside trend line is a target to get above and stay above The EURGBP is trading higher in an up and down and up again day. Technically, the low for the day […]

Highs for the week, October high and 200 day MA loom above The high for the week at 1.1175 is the next upside target, followed by the October high (from October 21) […]

ISM a big negative this week The NY Fed is out with their estimate for 4Q GDP growth. They now see growth at 0.8% versus 0.92% reported last week. The big negative came from ISM […]

Atlanta Fed GDPNow growth forecast cut to 1.1% from 1.5% The NY Fed Nowcast model will be released later this morning.  They have been publishing their estimate for a few weeks now.  Last […]

A look at the USD/CAD chart This week, the central banks of the United States and Canada brought a lot of volatility into . USD/CAD shot up but met the resistance of […]

Third-highest judgement in WTO history The case began before the trade war and is outside the current negotiations. It relates to US anti-dumping rules. China had asked to retaliate against $7 billion […]

The 100 day MA stalls the rally (at 0.6458 The NZDUSD moved higher on the weaker dollar after ISM at least, but the gains did run into  some key resistance at the […]

Kudlow doing the media rounds: ForexLive Continue Reading:… Search Web: Kudlow says there have been no conversations to get rid of Powell

The EURUSD backs off after completing the lap The EURUSD spiked higher after the weaker than expected  ISM data. So there was a run lower on the jobs report and a run […]

US construction spending for the month of September 2019 ForexLive Continue Reading:… Search Web: US construction spending for September +0.5% versus 0.2% estimate

Nasdaq above its all time high at 8339.64. S&P  For the NASDAQ composite index, today’s move higher has pushed the price to the highest level since the end of July at 8339.64. The high price today […]

October ISM manufacturing index: ForexLive Continue Reading:… Search Web: US October ISM manufacturing index 48.3 vs 48.9 expected

Comments from the Dallas Fed President Kaplan is one of the guys who has been driving the dovish bus. It’s rich to be arguing against corporate debt when you’re dropping rates to […]

October Markit PMI data: ForexLive Continue Reading:… Search Web: US Markit final October manufacturing PMI 51.3 vs 51.5 expected

Comments from Clarida on Bloomberg TV: ForexLive Continue Reading:… Search Web: Fed’s Clarida: The US economy is very resilient

Gains of about 0.5% in the major indices The US major indices have jumped after the better than expected jobs report.   The major indices have risen by about 0.5%.  The snapshot is […]

Canadian October Markit manufacturing PMI ForexLive Continue Reading:… Search Web: Canada October Markit manufacturing PMI 51.2 vs 51.0 prior

1.1150 in the EUR has 3.4B.  1.2950 in GBPUSD has 1.1B There are some hefty option expires ahead at the 10 AM NY cut which may be influencing the price action today: […]

Rosengren explains dissent The last time Rosengren dissented, he used charts. This time he’s using a table after writing: Continue Reading:… Search Web: Boston Fed’s Rosengren explains dissent on rate cut

Key level for the buyers and the sellers..   The USDCAD is up testing a key resistance target defined by the 50% retracement and the 100 day MA at the 1.31943 level.  On […]

Decent jobs report with 131K and +95K revisions. US stocks and yields higher The US jobs report beat expectations with a gain of 131K in jobs, and the revisions of +95K over the […]

Highlights of the October US employment report: ForexLive Continue Reading:… Search Web: US October non-farm payrolls +128K vs +85K expected

Ready for another edition? The October jobs report is due at the bottom of the hour and expected to 85K net new jobs in a drop from 136K in September. The unemployment […]

US Employment data due out at the bottom of the hour With the US employment report due out at the bottom of the hour, the NZD is the strongest of the major […]

Comments by US commerce secretary, Wilbur Ross The signing will be nothing more than a formality at this stage. It should formally recognise the ceasefire between the two countries but the big […]

Forex news from the European morning session – 1 November 2019 Headlines: China says that reports of Xi, Trump meeting in Macau is pure speculation Markets: Continue Reading:… Search Web: ForexLive European […]

He is proposing to Johnson to form an alliance – Only way to solve Brexit is to form a ‘Leave’ alliance – Says if Johnson agreed to an alliance, we could win […]

He is angling a targeted attack at Labour – Labour is betraying its own voters on Brexit – Labour promised to deliver Brexit but now they are promising another referendum ForexLive Continue […]

Eisuke Sakakibara, former Japanese vice finance minister and aka ‘Mr. Yen’, also sees USD/JPY headed towards 100 still His interview above touches on many more points such as fiscal policy and what […]

The announcement is starting now with Nigel Farage due to speak soon ForexLive Continue Reading:… Search Web: Watch: Brexit Party campaign launch

Latest data released by Markit – 1 November 2019 – 48.3 ForexLive The manufacturing contraction slows a little more amid a recovery in the headline reading but once again, this owes much […]

The dollar is now trading nearly flat against the rest of the major bloc ForexLive Dollar pairs are holding within 10 pips of their opening levels with changes overall being less than […]

Nigel Farage’s election strategy may have significant implications for Boris Johnson and his Conservative party ForexLive Brexit Party leader Nigel Farage will be unveiling his election strategy this morning and is something […]

Latest data released by Markit – 1 November 2019 – Prior 44.6 ForexLive That’s quite a decent rebound in the headline reading after months of struggle, with a notable increase in manufacturing […]