The US President is due to speak at the Economic Club of New York on Tuesday 12 November Ears will be tuned in for any mention of what he is thinking on […]

A note via BNZ on the New Zealand dollar, with a heads up on ‘fair value’ for the kiwi:  Yowza …  More: Multi-year chart of the kiw $: ForexLive Continue Reading:… Search […]

ANZ/Roy Morgan survey of lack of consumer confidence in Oz.  ForexLive Continue Reading:… Search Web: Australia weekly consumer confidence 111.5 vs. 113.5 last week

A note a few days ago via BoA ML recommends long AUD/JPY, citing: – a trade deal between the US and China is a positive for global growth – China’s demand for […]

Forex news for NY trading on November 11, 2019 Today was a semi holiday in the US. Although banks, the governement bond market,  and goverrnment agencies were closed in observance of Veterans […]

US political reporting website Politico with the info  – Trump is expected to announce this week – putting off a decision on whether to impose tariffs on European Union autos for another […]

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Continue Reading:… Search […]

2230 GMT Australia weekly consumer confidence ANZ/Roy Morgan survey 2350 Japan money stock for October 0030 GMT Australia National Australia Bank Business Survey for October Continue Reading:… Search Web: Here is what’s […]

It could have been worse.   The US had a semi holiday today in observance of Veterans Day. The bond market was closed, government offices were closed (so no economic news). The US […]

Heavy traffic index up 2.5% on the month, the light traffic index up 0.1% m/m ANZ is not impressed: – annual growth in both remains tepid – GDP growth to remain unimpressive […]

Quiet day but Farage comment kickstarts the Pound. Markets have taken a hit from the weekend news out of the White House that the US had not agreed to roll back tariffs […]

Down -$0.38 or -0.66% The price of WTI crude are settling at $56.86 or down -$0.38 or -0.66%. The high price reached $57.40 while the low extended to $56.25 Continue Reading:… Search Web: […]

The "Rock star" head of T-Mobile rumoured to go to WeWork Charles Gasparino of Fox is reporting that the rumours that T-Mobile John Legere will be moving to WeWork, seem to be […]

Topside trend line at 140.49 currently stalled the rally today Let’s face it…the GBPJPY has been moving up and down since the middle of October.   Continue Reading:… Search Web: GBPJPYs ups and […]

Trading below the 100 hour MA Overall, the forex market is trading quietly as the quasi holiday, is likely leading to a lower volume day. For the USDCHF, however, the pair is making new session […]

Nasdaq and S&P are still down on the day   The major US stock indices are making a comeback. Each are trading near high levels for the day. The Dow is up marginally but […]

The weekend high on Coinbase stalled at the 200 hour MA. Bears sold The price of bitcoin on Coinbase exchange, ran higher over the weekend but in the process ran into the […]

For what it is worth, the latest election poll from ComRes The most recent ComRes election poll is out and it has: ForexLive Continue Reading:… Search Web: ComRes UK election poll: Conservatives 36% (Unc), Labour […]

Says 737 Max deliveries could resume in December It will be interesting how this plays out especially among the flyers. Looking at the chart of Boeing, the 737 Max was grounded on March […]

Approached the 38.2% of the spike higher  The GBPUSD spiked higher from the 1.2788 level to a high of 1.2896. The catalyst was the Brexit Party leader Nigel Farage’s declaration that his […]

Small changes for the major indices in Europe The major European indices are ending the day little changed. The Euro Stoxx 600 index is flat. Last week the index close at the highest level since […]

The Tories continue to hold the lead over Labour. The most recent UK election poll from ICM has the Tories at 39% (+1% from their last full), Labour at 31% (unchanged) and Liberal Democrats at 15%. […]

The biggest shopping it day of the year on Alibaba For those who may be interested. the Alibaba’s Singles Day is over and it set a record with sales of 268.4B yuan. That corresponds roughly […]

The AUDUSD’s 100 day MA was tested on Friday and again today.   On Firday the AUDUSD price trended to the downside, but stalled right at the 100 day moving average (blue line currently at 0.6846). […]

ECB Mersche speaks in Luxembourg ForexLive Continue Reading:… Search Web: ECB Mersche: Risks to growth remain to the downside

Gold reverses and trades lower on the day The price of gold was up earlier in the day. The price extended to a high of $1466.50. That was above the Friday close at $1459.00. […]

USDJPY corrects lower and cracks below some technical levels, but stalls ahead of the 38.2% retracement The USDJPY has corrected lower in trading today. The selling began in the first few hours […]

Can’t be running when the range for the day is only 27 pips The EURUSD is higher.  Perhaps dragged higher by the GBPUSD a bit.  However, the price is off the high […]

The Boston Fed’s Rosengren voted against the October rate cut The Fed’s Rosengren is answering more questions and says: At the last meeting, Esther L. George and Eric S. Rosengren voted against the rate […]

Concerns about US/China, Hong Kong violence weigh The US major stock indices are opening up the day/week in the red.   Concerns about US/China trade deal have faded a bit and violence in Hong Kong is also […]

Raced to the 61.8% (and Wednesday high) on Farage concession The GBPUSD was correcting higher in early European trading today and weathered the slightly weaker GDP and Industrial production/manufacturing production data.   Continue […]

Feds Rosengren speaking from Oslo Speaking from Oslo, the Feds Rosengren is responding to questions. He says: ForexLive Continue Reading:… Search Web: Fed’s Rosengren: It is less likely the Fed moves to negative rates

UK Labour party leader Corbyn on the news wires Following the announcement by Nigel Farage that the Brexit party would step down in elections for Conservative seats, the opposition party leader Jeremy Corbyn is responding. He […]

Governement offices are closed in the US and Canada today The US governemnt offices are closed in observance of Veterans Day today.  In Canada it is Rememberance Day.  I certainly will taking […]

The USD is mostly lower Hong Kong unrest, US-China hopes fade a bit on rollback worries, and now the Farage story out the UK has the markets moving a bit – especially […]

Farage deciding to challenge Labour-held seats may not necessarily be a good thing for Johnson and his Conservatives ForexLive The main issue with why Farage has stood down from Conservatives-held seats is […]

Cable rises to a session high of 1.2898 ForexLive Nigel Farage just gave Johnson a helping hand in the election as he stands down candidates for his Brexit Party to potentially avoid […]

The pound continues to extend gains as Farage speaks – Brexit Party will fight Labour candidates in election – Says that efforts to build a Leave alliance has come to nought ForexLive […]

Farage is speaking at a Brexit Party election event – Johnson’s deal would take UK into more agonising talks ForexLive He is still maintaining his stance and is threatening for Johnson to […]

To also announce next BOE governor "very, very quickly" after the election – Would hold budget within weeks of election victory – Says that Tories are a fiscally responsible party ForexLive Continue […]

Forex news from the European morning session – 11 November 2019 Headlines: Markets: – NZD leads, AUD lags on the day – European equities lower; E-minis down 0.4% Continue Reading:… Search Web: […]

Comments by UK finance minister, Sajid Javid – Brexit uncertainty has held back the economy ForexLive Well, personal consumption and services output continue to hold up well but manufacturing is pretty much […]

The bond market is closed here The stock market will be open though and with risk trades on the defensive, S&P 500 futures are down by 0.4% currently: Continue Reading:… Search Web: […]

Hong Hong leader Carrie Lam is speaking at the moment – Violence cannot resolve any issues – Priority now is to end the violence and return the city to normal ForexLive Continue […]

Looking ahead with the European Commission  ForexLive Continue Reading:… Search Web: EU Commission forecasts underscore Euro area drag

The UK economy grows at its slowest annual pace since 2010 in Q3 2019 Business investment was flat on the quarter (usually negative due to Brexit uncertainty) while exports crept higher and […]

Latest data released by ONS – 11 November 2019 – -£9.8 billion – Non-EU trade balance -£4.0 billion vs -£2.5 billion expected – Prior -£2.2 billion ForexLive Continue Reading:… Search Web: UK […]

Latest data released by ONS – 11 November 2019 – -0.1% ForexLive There’s also factory activity data released at the same time are as per below: Continue Reading:… Search Web: UK September […]

Latest data released by ONS – 11 November 2019 – (Q2) -0.2% – GDP +1.0% vs +1.1% y/y expected – Prior (Q2) +1.3% ForexLive The headline reading is a little weaker than […]

Buyers keep up the good run since the morning ForexLive The move higher owes to reported export bids but it also comes as the dollar loses a bit of ground in the […]

Latest Chinese credit data for October has been released – 11 November 2019 – +8.4% – New yuan loans ¥661.3 bn vs ¥800.0 bn expected – Aggregate financing ¥618.9 bn vs ¥950.0 bn expected ForexLive Continue […]

Latest data released by the SNB – 11 November 2019 – Domestic sight deposits CHF 504.1 bn vs CHF 493.8 bn prior ForexLive Prior week’s release can be found . Overall sight […]

According to the latest Bloomberg survey on economists ForexLive The previous survey forecast had a median call for the ECB to cut rates by a further 10 bps by Q1 2020 but […]

The risk mood continues to stay on the defensive today – Eurostoxx -0.3% – Germany DAX -0.3% – France CAC 40 -0.3% – UK FTSE -0.4% – Italy MIB -0.3% ForexLive Continue […]

Cable sits just above the 1.2800 handle to start the session ForexLive Sellers are still in near-term control for now despite the pound retracing some of last week’s losses to start the […]

Not the most encouraging of headlines for oil Besides, there is also an ongoing debate at the moment about demand versus supply for next year with some signs emerging that perhaps the […]

Risk is slightly on the defensive so far today ForexLive It hardly is surprising that US-China trade tensions is still the main driver of markets as we begin the new week. The […]

China refuses to comment on the matter ForexLive Continue Reading:… Search Web: China foreign ministry says no updates on trade talks and tariffs

Slightly softer tones observed in early trades – German DAX futures -0.4% – French CAC 40 futures -0.4% – UK FTSE futures -0.3% ForexLive This keeps in tune with the more defensive […]

Latest data released by Destatis – 11 November 2019 – -0.4% – Wholesale price index -2.3% y/y – Prior -1.9% ForexLive Slight delay in the release by the source. The index measures the […]