50 day MA at 8052.20 stalled the high again today… The Nasdaq index is down -34 points or -0.43% at 7986.96. The low today reached 7937.12 and the high extended to 8048.58.  […]

GBPNZD is the biggest mover The GBP is the runaway strongest currency today.  Although the pair moved higher on comments from Germany’s Merkel which seem to have been misinterpretted, the gains are […]

Trying to form a solid coalition The 5-Stars Luigi DiMaio is on the wires saying: Italian Pres. Sergio Mattarella has met with the countries main political leaders in an attempt to either carve out […]

Earlier gains are erased The major European indices are ending the session mostly lower. Spain’s Ibex eked out a small gain: The provisional closes are showing: Continue Reading:… Search Web: European shares are ending the […]

Chancellor not so confident on a Brexit deal Sebastian Payne from the FT is putting the kabosh on earlier comments from Angela Merkel when she said backstop alternative is possible within 30 […]

Trades above and below its 100 hour moving average today The USDJPY continues to consolidate in up and down trading action.   Looking at the hourly chart above, a top side trendline currently comes […]

The G7 meeting begins on Saturday ForexLive Continue Reading:… Search Web: Pres. Trump plans to meet UK’s Johnson for breakfast at G7 summit

Kansas City Fed composite index for August – Kansas City Fed composite index for August -6 versus -1 in July – manufacturing index -2 versus -6 last month ForexLive Continue Reading:… Search […]

Calling talks constructive between Macron and Johnson From the office of France’s Macron: ForexLive Continue Reading:… Search Web: Macron/Johnson agreed to continue exchanges until and September on Brexit

Harker/George hawkish comments/negative yield curve worries equity markets The major US stock indices or now trading in the red with the NASDAQ leading the downside move.  Continue Reading:… Search Web: US stocks sliding. NASDAQ […]

Geopolitical risks US State Department says: Any tension between US and China, has the potential to make the trade negotiations more tenuous. ForexLive Continue Reading:… Search Web: US deeply concerned about China’s interference with Vietnam’s […]

EURUSD dips on the headline.   The EURUSD dipped to 1.1067 on the headline.  We currently trade at 1.1070.   The low for the day reached 1.10631 in the London morning session.  Continue Reading:… Search Web: […]

Response to Harker perhaps? Shortly after the end of the hawkish comments from Fed’s Harker, Pres. Trump is tweeting: CLICK HERE ForexLive Continue Reading:… Search Web: Pres Trump: Fed can make the US […]

Nonvoting member – we are not out of sync with other economies – Fed is pretty much where we need to be – Fed needs to do what is appropriate for the […]

US leading index for July 2019 ForexLive Continue Reading:… Search Web: US leading index for July 0.5% versus 0.3% estimate

Last month -6.6 ForexLive Continue Reading:… Search Web: EU consumer confidence for August -7.1 versus -7.0 estimate

Be aware…. According to Bloomberg, Merkel said at a news conference in The Hague They add, she said: "One should say it can be done by October 31. It is not about 30 days […]

Services PMI also lower ForexLive Continue Reading:… Search Web: Markit manufacturing PMI for August 49.9 versus 50.5 est

Major indices currently trading near highs for the day after a few minutes of trading post the official opening, the major US stock indices are higher and also trading at the days highest levels. […]

Trades at the lowest level since July 29 The EURGBP has moved sharply lower in reaction to the Merkel comments, and in the process has cracked below the July 31 swing low the August 16 […]

Trades at highest level since July 29 The GBPUSD has moved to the highest level since July 29, breaking above the July 31 by at 1.22488.  The high price extended to 1.22648 as stops were triggered. In volatile […]

Double top for the week.   The EURUSD rose on the back of better PMI data in the European session, but after the high stalled at the high from Monday, the price fell […]

Harping on German yields. Pres. Trump is keeping the pressure on the Fed one day ahead of Feds Powells speech at Jackson Hole tomorrow. He tweets: ForexLive Continue Reading:… Search Web: Pres. Trump […]

Optimistic comments from Germany’s Angela Merkel ForexLive Continue Reading:… Search Web: Merkel: Can also find a backstop solution by October 31

Weekly US initial jobless claims for the week of August 17 – initial jobless claims 209k versus 216K estimate – four week average 214.5 K versus 214K last week Steady but strong […]

Wholesale sales for June 2019: ForexLive Continue Reading:… Search Web: Canada June wholesale trade sales +0.6% vs -0.2% expected

USD is mixed/stronger The GBP is the strongest, while the NZD is the weakest. The USD is mixed but tilted to the stronger side.  Fed’s George expressed her desire to keep rates […]

What’s coming up The eurozone PMIs were solid today, albeit with some . The top headlines for US traders will be the Markit services and manufacturing numbers due at 1345 GMT (9:45 […]

Comments by Kansas City Fed president, Esther George – Still seeing higher wages – Would be happy to leave rates where they are now She is one of the few hawkish members […]

ECB releases its account of its July monetary policy meeting – 22 August 2019 – Uncertainty around the near-term policy outlook had increased over past few weeks ForexLive Continue Reading:… Search Web: […]

Comments by UK prime minister, Boris Johnson – Admired Merkel’s spirit shown yesterday to find technical solutions on backstop – Where there is a will, there is a way ForexLive Continue Reading:… […]

Comments by French president, Emmanuel Macron – Have always respected the UK’s decision to leave – However, have to also protect the European project – Backstop is the protector of stability in […]

Forex news from the European morning session – 22 August 2019 Headlines: Markets: – JPY leads, NZD lags on the day – European equities mixed; E-minis down 0.1% Continue Reading:… Search Web: […]

Both leaders are to deliver a short statement as they meet in France here ForexLive Continue Reading:… Search Web: Watch: Johnson and Macron to deliver brief statements before talks

Latest data released by CBI – 22 August 2019 – -16 – Total distributive reported sales -35 – Prior -11 ForexLive The readings here are an indicator of short-term trends in the retail […]

USD/JPY touches a session low of 106.25 ForexLive The yen is gaining further ground as Treasury yields are falling back on the session. That is resulting in USD/JPY easing further towards a […]

Topside move runs into near-term resistance at 1.1112 ForexLive Price moved higher from around 1.1080 levels to a high of 1.1113 but the topside move remains limited by near-term resistance around 1.1112 […]

The euro and the risk mood are benefiting from the better-than-expected euro area PMI readings earlier ForexLive US 10-year yields are back to flat levels now as yields are higher across the […]

Latest data released by Markit – 22 August 2019 – 46.5 – Services PMI 53.4 vs 53.0 expected – 53.2 – Composite PMI 51.8 vs 51.2 expected – Prior 51.5 ForexLive Continue […]

10-year Treasury yields climb by more than 2 bps ForexLive Yields are higher across the curve and we’re seeing 10-year Treasury yields hold only down by 1 bps currently, after having been […]

Latest data released by Markit/BME – 22 August 2019 – 43.2 – Services PMI 54.4 vs 54.0 expected – 54.5 – Composite PMI 51.4 vs 50.6 expected – Prior 50.9 ForexLive Continue […]

Further comments by the Chinese commerce ministry – Hopes that US will show sincerity – Both sides’ trade teams have been keeping in touch – Says it isn’t necessary for US to […]

Latest data released by Markit – 22 August 2019 – 49.7 – Services PMI 53.3 vs 52.5 expected – 52.6 – Composite PMI 52.7 vs 51.8 expected – Prior 51.9 ForexLive Continue […]

Comments by the Chinese commerce ministry – China will have to retaliate if US persists on the current course – Hopes US will stop wrong tariff actions – Trade war is bad […]

Daily thread to exchange ideas and to share your thoughts Markets have largely been in a state of flux all week as the anticipation continues to grow ahead of more Fed rhetoric at the […]

USD/JPY falls to a session low of 106.29 ForexLive Of note, price has now fallen back below the 100-hour MA (red line) @ 106.43 after several attempts by sellers to break below […]

Latest data released by the Federal Statistics Office – 22 August 2019 – +4.3% – Industry and construction output WDA +3.6% y/y – Prior +3.7%; revised to +3.9% ForexLive Continue Reading:… Search […]

France kicks things off at 0715 GMT ForexLive I detailed out the expectations and its potential influence on the euro earlier in the week above. But looking at the risk mood today, […]

A softer touch in early trades – German DAX futures -0.2% – French CAC 40 futures -0.2% – UK FTSE futures -0.2% ForexLive This largely mirrors sentiment seen in US equity futures, […]

Latest data released by the Japanese Machine Tool Builders’ Association Slight delay in the release by the source. The preliminary report can be found . The reading measures the change in total value […]

Tokyo’s main index closes near flat levels amid a more tepid Asian session US futures are also down by 0.2% and Treasury yields are still somewhat weaker, indicating a softer risk mood […]

Via Bloomberg Yesterday marked the sale of a 30 year German bond at a negative yield. Yes, that’s right. You can now pay for the privilege of lending money to Germany for […]

Risk flows keep the yen buoyed ahead of European trading ForexLive The yen is leading the major currencies bloc amid softer risk tones with Treasuries staying bid and equities holding a tad […]

NZD/USD slips to its weakest level in more than three years ForexLive The slightly softer risk mood and weaker yuan today is keeping the likes of the aussie and kiwi on the […]

AUD/USD falls back below the key hourly moving averages in trading today ForexLive However, we’ve seen this story before since last week. Price has largely been bouncing around between support at 0.6740-50 […]

Latest data released by METI – 22 August 2019 – +0.3%; revised to +0.5% ForexLive Slight delay in the release by the source. The data is often referred to as the monthly GDP […]

PMI day returns to Europe Treasury yields are holding weaker on the day – 10-year yields down 1.5 bps to 1.574% – while equities are tepid awaiting more clarity from the Fed […]

Major state banks in China said to be supporting the yuan Reuters with the report citing ‘traders’ As I posted earlier, yuan had weakened again today. The PBOC seem content to allow […]

Forex news for Asia trading Thursday 22 August 2019 A very light flow of news and data on the session here in but a move for the Chinese yuan lower again and […]

USD/CNH had a big drop on the 13th of the month and has spent the days since filling it in: I guess 7.09 is the next stop. ForexLive Continue Reading:… Search Web: […]

AUD lower, yen higher is opposite what I posted on this time yesterday! AUD not the only currency on the nose: – NZD also lower, CAD also Its a bit of a […]

An overnight piece from Bloomberg ICYMI (and love programming 😀 ) Goldman Sachs trading division is planning its biggest hiring spree in years:   Link for more — Continue Reading:… Search Web: […]

A piece in the South China Morning Post  argues that while China is not a currency manipulator, the US is. Its an opinion piece and there are quite a number of gaping […]

ASIC will ban the sale of "binary" options to retail customers and also restrict the sale of other high-risk derivative instruments. Binary option sales have already severely curtailed in Europe and North […]

People’s Bank of China set the central rate for onshore yuan today. – USD/CNY is permitted to trade +/- 2% from this rate, and no further – USD/CNH is free from such […]

EUR/USD  USD/JPY  AUDUSD  USD/CAD ForexLive Continue Reading:… Search Web: FX option expiries for Thursday August 22 at the 10am NY cut

Reuters have  recap of the comments from Motegi. The economy minister made positive nosies but did note that there were still gaps that needed to be ironed out with the United States […]

Japan Jibun Bank/Markit preliminary PMIs for August – Manufacturing 49.5 (prior 49.4) – Services 53.4 (prior 51.2) – Composite 51.7 (prior 51.8) ForexLive Continue Reading:… Search Web: Japan preliminary PMIs for August: […]

Japan economy minister Motegi on the talks: – issues that need to be sorted out at ministerial-level trade talks with the US. have been narrowed down – agreed with Lighthizer to speed […]

Some good news for workers via data from industry consultants XpertHR – Major employers gave average pay rises of 2.6% to staff in the three months to July – strongest rise since […]

Comment via SEB, the bank expect8ing a US rate cut next month (And more to follow)  Fed Chair Powell speech at the Federal Reserve Policy Symposium in Jackson Hole: Continue Reading:… Search […]

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis wrote a piece in the Financial Times.  (, FT may be gated) link In brief: More: What would such guidance look like? […]

CBA / Markit preliminary PMIs for August Weaker across both services and manufacturing (and therefore composite also)  more to come     ForexLive Continue Reading:… Search Web: Australia – August preliminary CBA […]

A North Korean Foreign Ministry spokesman said the recent missile test and plans to deploy F-35 jets and offensive military equipment around the Korean peninsula were "dangerous" moves  Continue Reading:… Search Web: […]

Media reports on a takeover bid for ERM from Royal Dutch Shell. AFR cite: – has offered $2.465 a share – values ERM at about $620 million — The thing about this […]

Client note from GS overnight, in summary: – A global recession is likely to see falling US yields alongside falling US stocks – USD/JPY the most likely pair to weaken  GS cite  […]

From their monthly report, adding that there are indications of a sustained slowdown  A familiar set of themes in the report Germany, but could be applied to so many countries around the […]

The UK and South Korea are to ink in an FTA deal on Thursday. Announcement earlier from the UK government (nice to have good news I guess). The FTA will take effect […]

A forecast for euro against the USD to fall to 1.10 before the end of this year. Well, yeah. Not like there is far to go. The forecaster, to be fair, has […]

I guess the three-pointed star is expecting a lot more people to lose their jobs and fall behind on car payments, so they’ve come us with this: – Mercedes-Benz is using location […]

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 […]

Ignores the 2-10 going negative again The US stocks erased the declines from yesterday (and then some). The gains also ignored what was a flattening of the yield curve to flat 2-10s […]

Forex news for Americas trading on Aug 21, 2019: Markets: The day got underway with Canadian CPI data and it was hotter than expected, sending USD/CAD quickly down to 1.3256 from 1.3290. […]