In the lockdown solar-power output surged in Delhi and other cities Jul 31st 2020 CORONAVIRUS-INDUCED lockdowns shuttered factories and halted daily commutes across much of the world in March and April. As […]
Closes lower for the first time since July 16 Continue Reading:… Search Web: GBPUSDs 10 day win streak broken. Pair gives up gains.
Bold move by the rating agency The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit. Continue Reading:… Search Web: USA credit rating […]
Dow, S&P, NASDAQ close higher for the 4th consecutive month On the downside the Dow post its 2nd straight weekly decline. The final numbers are showing: For the week, the NASDAQ led […]
Forex news for North American trading on July 31, 2020: Markets: The big story was the move in USD/JPY. It came after some serious jawboning and threats from top Japanese officials in […]
Weekly FX speculative positioning data from the CFTC – EUR long 157K vs 125K long last week. Longs increased by 32K – GBP short 25K vs 15K short last week. Shorts increased […]
Google’s search for mid-life meaning Jul 31st 2020 WITH THE bosses of three other technology giants—Amazon, Apple and Facebook—Sundar Pichai, chief executive of Alphabet, was grilled by a congressional committee in Washington […]
“Checks and Balance”—our weekly podcast on American politics Jul 31st 2020 THE SIGNIFICANCE of the 2020 election in America was clear well before covid-19 hit. Americans will now be delivering a verdict […]
There are no good bets on Congress Equity markets are paring losses late. One of the reasons people are pointing to is talk that Microsoft is in talks to buy TikTok’s US […]
Up $0.35 or 0.88% The last 5 weeks has seen the price close at: Those are not big moves when you consider the fall from the February high to the April low […]
Report from Inside U.S. Trade A suggests the US could hit Canada later today with aluminum tariffs after the market close. report The U.S. could impose new Section 232 restrictions on Canadian […]
July 31, 2020 at 08:00PM The Australian Dollar looks set to extend gains against its major counterparts ahead of the RBA interest rate decision Continue Reading… From: Daniel Moss Selected by fonecable.com […]
The 105.978-1.06063 is the ceiling (it was the floor) The USDJPY has a floor developed from the May and June lows at 105.978 and 106.067. On Friday last week,the floor was […]
Report from WFLA TV Only a Florida teenager could get access to the twitter accounts of some of the world’s most-powerful people and fail to realize the immense power he could wield […]
What’s coming up next week This week was all about earnings but next week is about economic data. Powell highlighted that there are three parts to the coronavirus crisis so far, in […]
Bank of America sees a GBP decline For bank trade ideas, check out eFX Plus Continue Reading:… Search Web: A perfect GBP storm is coming; short GBP/CHF preferred expression – BofA
Will the Midwest determine America’s presidential election? Jul 31st 2020 TWICE RECENTLY an eruption in middle America has shocked the world. Four years ago voters in Michigan, Wisconsin and Pennsylvania were decisive […]
GDP set to bounce back US GDP fell by 32.9% in the initial reading yesterday. It would take a 50% bounce to recoup that and it’s not going to happen all at […]
Bloomberg report The US has been pushing a narrative about China stealing user data and hacking with TikTok for awhile. The US government evidently wants to keep a monopoly in that business. […]
Not a good sign The moment you let your guard down, this virus picks right back up. Illinois today reports new cases at 1942 compared to 1772 a day ago. In New […]
Baker Hughes weekly rig counts for the week of July 31, 2020 – oil rig count 180 vs. 181 last week – gas rig count 69 vs. 68 last week – total […]
Is that the dollar higher? The pattern of late has been lower dollar/higher stocks. The dollar continues its move to the upside today, its Friday, its month end. The earnings fears are gone […]
The more they delay the less time to campaign (but coronavirus is putting a limit on that ability anyway) The US House has canceled their August recess amid coronavirus a bill talks. Rep Hoyer says house to remain in […]
New lows for EUR, JPY, CHF, AUD, NZD him EURUSD. The EURUSD has moved down to a low of 1.1786 and looks toward its rising 100 hour moving average at 1.17753. The price has […]
Hurricane Isaias tracks north of Cuba It’s going to be a rainy few days along the US east coast starting on the weekend. Hurricane Isaias is north of Cuba now and expected […]
Indices close near lows for the day The European indices are ending the day lower and also closing near the lows for the day. The provisional closes are showing: Continue Reading:… Search Web: European indices […]
July 31, 2020 at 05:23PM It’s physical gold. It’s crypto. It’s government-backed. It’s a new product from a Silicon Valley company mutating gold and crypto into a single unit. And it’s as […]
July 31, 2020 at 04:52PM The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from […]
Hospitalizations down by 46 Cases and positivity remain high but there are small signs of improvement everywhere it what looked like the state that was most out-of-control a month ago. Hospitalizations are […]
The 38.2% held support on the intraday correction The USDJPY got close to the 200 hour MA/50% retracement earlier in the day, but backed of. The modest correction took the pair back […]
The 100 hour MA comes in at 0.7165 The AUDUSD is trading to a new low and in the process is testing the 100 hour MA at 0.7165. The pair is also […]
Month-end fix strikes again USD/CAD and cable both made moves of around 40 pips at the London fix. It’s another reminder to be careful around the fix. I’d expect the moves to […]
Benefits expire today We’re waiting for comments from Nancy Pelosi and Mark Meadows on stimulus negotiations. at why they’re stalled as the extra $600/week runs out. Continue Reading:… Search Web: No sign […]
Fourth day in a row of records The drop in positivity is a good development but it’s still at 19% in Dade county, which is basically out-of-control spread. Overall, the story continues […]
Trades between 38.2% and the 200 hour MA The USDCAD is waffling between its 200 hour MA below at 1.3400 and the 38.2% of the move down fro the July 20 above […]
What are the trends to watch August is a month with some powerful seasonal trends. I wrote about three big ones yesterday. If you’re curious about others, leave a message in the […]
Finance minister Aso hinted something was coming Japan tried some verbal intervention earlier today and it didn’t do much at first but it’s likely responsible for the reversal today, if not outright […]
U Mich consumer sentiment – Preliminary reading was 73.2 – Prior was 78.1 – Current conditions 82.8 vs 85.5 expected (prior 87.1) – Expectations 65.9 vs 65.5 expected (prior 72.3) Continue Reading:… […]
July 31, 2020 at 03:29PM • Sugar broke resistance zone • Likely to rise to 13.00 Sugar today broke through the resistance area located between the important resistance level 12.22 (which has […]
Move above the 100 hour MA is the first since July 23 The USDJPY’s horse ran out of the barn on the break back above the 100 hour MA at 105.039 (blue […]
July 31, 2020 at 03:28PM • GBPNZD broke resistance zone • Likely to rise to 1.9880 GBPNZD recently broke the resistance zone lying between the resistance levels 1.9490 (top of the previous […]
July 31, 2020 at 03:26PM • EURJPY broke key resistance level 124.30 • Likely to rise to 126.00 EURJPY today broke above the key resistance level 124.30 (which stopped the previous waves […]
July 31, 2020 at 03:25PM • CADJPY reversed from support zone • Likely to rise to 79.60 CADJPY recently reversed up from the support zone located between the key support level 78.00 […]
July 31, 2020 at 03:24PM • Altria reversed from resistance area • Likely to fall to 40.30 Altria recently reversed down sharply from the resistance area located between the resistance level 42.90 […]
“I think the main problem they face is a cultural one”—Google’s difficult middle age Jul 31st 2020 ENORMOUS GROWTH over 22 years has brought challenges, both from within and from outside; we […]
NASDAQ comes off of premarket highs in early trading The snapshot of the major indices currently shows: As far as the big 4 go, alphabet is the dog. It is trading down $57 […]
Big move to the upside It’s month-end so easy explanations on currency moves are often fleeting. One spot I’m watching is the bond market today. US 5-year yields hit a record low […]
13 of the last 15 days are higher. The EURUSD is trading above and below the unchanged level currently after the run to the highest level since the May 13, 2018 week […]
Trades to the highest level since March 9th The GBPUSD is working on day number 11 to the upside. The pair closed at 1.30929 yesterday. The price is currently trading at 1.31426. Over the 10 […]
Politico has some of the details Here’s how Politico’s Jake Sherman summed up last night’s meeting: "At the end of the discussion, they found basically no overlap. They agreed to talk more […]
US personal income and personal spending for the month of June 2020 – Personal spending 5.6% vs. 5.2% estimate. Prior month revised to 8.5% from 8.2% – Personal income -1.1% vs. -0.6% […]
Canada’s monthly GDP report for May 2020 Continue Reading:… Search Web: Canada May GDP -13.8% vs -14.6% y/y expected
The USD is a little higher but mixed The GBP is the strongest and the NZD is the weakest the morning after the big 4 earnings after the close. Amazon, Alphabet, Apple and […]
Month-end and economic data in focus The pound continues to roll into the final hours of what’s been a fantastic July for the currency. More broadly, the US dollar is making a […]
Forex news from the European trading session – 31 July 2020 Headlines: Markets: – GBP leads, NZD lags on the day – European equities higher; E-minis up 0.3% Continue Reading:… Search Web: […]
July 31, 2020 at 01:01PM This week was the first since the March collapse that the crypto market attracted so much attention and hopeful prospects. Bitcoin is currently stuck at around $11K […]
July 31, 2020 at 12:30PM Cable is becoming extended into a resistance zone, while AUD/JPY chart has an appealing sequence and levels in play. Continue Reading… From: Paul Robinson Selected by fonecable.com […]
Boris Johnson pulls the plug on any further easing of lockdown measures – Reopening of leisure facilities will now be postponed for at least two weeks – Guidance on returning to work […]
Sanofi, GSK selected for Operation Warp Speed The US will also have a further option for a supply of additional 500 million doses of the vaccine in the longer-term. GSK adds that […]
The Sun reports on the matter UK prime minister, Boris Johnson, is due to address the public later today and is expected to announce that most of the measures that would be […]
July 31, 2020 at 12:27PM The EURUSD pair ends July at 1.1900. This is the third month of back-to-back growth and the highest values we have seen in more than two years. […]
July 31, 2020 at 11:42AM The dollar on Thursday dropped to its lowest level since May 2018 as the Federal Reserve said it plans to keep interest rates close to zero, and […]
July 31, 2020 at 12:00PM The FTSE 100 continues to probe the lower end of its short-term trading range with the recent rally in GBP/USD weighing on UK exporters. Continue Reading… From: […]
The dollar pares earlier losses as currency traders hit the reset button early stages of European morning trade All in all, major currencies are now trading little changed overall with only the […]
July 31, 2020 at 10:36AM Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5% drop wiping out all the post-financial crisis recovery of the […]
July 31, 2020 at 10:50AM Eurozone GDP posts record contraction. EUR/USD remains firm as strong momentum pushes higher. Continue Reading… From: Justin McQueen Selected by fonecable.com Search Web: Euro Latest: Eurozone Posts […]
GBPUSD Looking to trade the GBPUSD ? Checkout to learn more FinancialSource.co Continue Reading:… Search Web: Just another day in the office for GBPUSD
Get set for the day ahead Looking to find out what you need to know before each trading day? Checkout to learn more FinancialSource.co Continue Reading:… Search Web: Things to know before […]
Latest data released by Eurostat – 31 July 2020 Continue Reading:… Search Web: Eurozone July preliminary CPI +0.4% vs +0.2% y/y expected
Latest data released by Eurostat – 31 July 2020 inflation ticked higher Continue Reading:… Search Web: Eurozone Q2 preliminary GDP -12.1% vs -12.1% q/q expected
USD/JPY moves off earlier lows of 104.20 to 104.72 The slight nudge higher comes as the dollar is also seen holding its ground a little on the session, with EUR/USD backing off […]
July 31, 2020 at 10:09AM European shares gained along with U.S. equity futures as stellar earnings from American tech giants lifted sentiment amid dismal economic data and a resurgent virus. The dollar […]
July 31, 2020 at 06:12AM Crude oil prices may rebound amid a near-term recovery in risk appetite but technical positioning warns that a broader bearish reversal may be underway. Continue Reading… From: […]
No change to JGB operations for next month Continue Reading:… Search Web: BOJ leaves bond buying operations unchanged going into August
Latest data released by Istat – 31 July 2020 But that is to be expected given that Italy is one of the hardest hit countries in the euro area amid the virus […]
And that will remain the tagline so long as things work out in their favour Despite some choppiness in the past two weeks, it has been a stellar July month for Chinese […]
Okamura offers no comment on the market moves today Says that the BOJ, MOF, and FSA shared the need for market stability and that they had shared information regarding the virus situation […]
July 31, 2020 at 08:52AM President Donald Trump on Thursday raised the idea of delaying the Nov. 3 U.S. elections, an idea immediately rejected by both Democrats and his fellow Republicans in […]
July 31, 2020 at 09:00AM US dollar weakness continues unabated, helping GBP/USD make a fresh 4-month high. A fresh spike in UK COVID-19 cases should not be ignored. Continue Reading… From: Nick […]
Sterling approaches the $1.30 level. Sterling benefited yesterday as the dollar weakened over concerns about the impact of the coronavirus pandemic, but was flat against the euro. The pound rose to a […]
July 31, 2020 at 08:10AM Forex – Dollar Slumps, Euro Has Best Month in a Decade Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–dollar-slumps-fundamentals-2248300 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Forex […]
The island/prefecture of Okinawa is reportedly set to announce a return of state of emergency measures This is being reported by Fuji News Network and the thing to take note of here […]
Mildly better tones to get the session going – Eurostoxx +0.4% – Germany DAX +0.2% – France CAC 40 +0.3% – UK FTSE +0.2% – Spain IBEX +0.4% This somewhat mirrors the […]
Lagarde alluding to the central bank’s commitment on PEPP stimulus – We should envisage support continuing beyond 2020 – We really have to maintain attractive conditions until the middle of next year […]
Latest data released by the National Statistics Institute – 31 July 2020 – (Q1) -5.2% – GDP -22.1% vs -19.7% y/y expected – Prior -4.1% The drop here reaffirms the worst recession […]
Consumer spending rebounds after the massive plunge in April The June reading showed a bounce of 9.0% m/m relative to May, with the year-on-year reading coming in at a growth of 1.3%. […]
Latest data released by INSEE – 31 July 2020 Continue Reading:… Search Web: France July preliminary CPI +0.8% vs +0.3% y/y expected
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