Forex news for North American trade on January 28, 2020: Markets: – S&P 500 up 33 points to 3276 – WTI crude oil up 41 cents to $53.55 – Gold down $14 […]
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NEWS: RBNZ Hawkesby speaks on the impact of the global economy and its effects on New Zealand January 28, 2020 at 09:37PM
The Assistant Governor expressed some concern about the coronavirus outbreak in China and globally: – The Reserve Bank is also monitoring the impact of the coronavirus … "The SARS virus in the […]
NEWS: Private oil data shows a draw (vs. build expected) in crude oil inventory January 28, 2020 at 09:31PM
This is the private survey of inventories, official data is Wednesday morning (US time). – Expectations had centred on a 0.5mln barrel build in US crude stockpiles last week (Reuters polling) […]
NEWS: Apple EPS for Q1 $4.99 versus $4.54 estimate January 28, 2020 at 09:30PM
Apple 1Q 2019 earnings Tim Cook will talk about the supply chain issues as a result of the China coronavirus in his call. Continue Reading:… Search Web: Apple EPS for Q1 $4.99 […]
NEWS: AMD EPS $0.32 versus $0.30 estimate January 28, 2020 at 09:15PM
AMD revenue $2.13 billion versus estimate $2.11 billion – EPS $0.32 versus $0.30 estimate – revenues $2.13 billion versus estimate $2.11 billion – sees first-quarter revenue $1.75 billion to $1.85 billion. Estimate […]
NEWS: Here is what’s on the economic calendar in Asia today – RBNZ speaker, Australian inflation January 28, 2020 at 09:14PM
Apart from the data agenda watch out for runny-nose news out of China. 2130 GMT Reserve Bank of New Zealand Assistant Governor Hawkesby speech 2230 GMT Australia Australia weekly consumer confidence Continue […]
NEWS: Starbucks EPS $0.79 versus $0.76 estimate January 28, 2020 at 09:05PM
Revenues of $7.1 billion in line $7.1 billion estimate – Starbucks earnings-per-share $0.79 versus $0.76 estimate – revenues $7.1 billion in line with the $7.1 billion estimate Continue Reading:… Search Web: Starbucks […]
NEWS: Oil – a heads up for the inventory data due around the bottom of the hour January 28, 2020 at 09:05PM
The private survey day for oil inventory levels, official government data follows Wednesday morning US time. Continue Reading:… Search Web: Oil – a heads up for the inventory data due around […]
NEWS: Major indices close with solid gains. Apple, AMD and Starbucks earnings awaited January 28, 2020 at 09:03PM
Dow breaks a 5 day losing streak. S&P index best day since October 4 The final numbers are showing: After the close , Starbucks, AMD, eBay will be reporting earnings. Apple closed up $8.74 or 2.83% at $317.69. […]
NEWS: Trader responsible for 2010 flash crash gets no prison for spoofing. What? January 28, 2020 at 08:48PM
Navinder Sarao gets off the hook Navinder Sarao lived at home, had autism and was a savant at trading the markets. He did it through his ability to instantly recognize patterns and react to them […]
NEWS: Three more people infected with coronavirus in southern Germany January 28, 2020 at 08:37PM
Bavarian health ministry reports These three cases all work at the same company as the initial case in Starnberg, Germany. A female employee from China visited the offices last week but did […]
NEWS: ECB’s Weidmann says Sept stimulus not needed to this extent January 28, 2020 at 08:04PM
Comments in Badische Zeitung ForexLive Continue Reading:… Search Web: ECB’s Weidmann says Sept stimulus not needed to this extent
NEWS: Crude oil futures settle at $53.48 January 28, 2020 at 07:51PM
Up $0.34 or 0.64% The high for the day reached $53.92. The low extended to $52.68. The rise today put an end to the 4 day fall which saw the price moved […]
NEWS: Although risk on in the order of the day, it isn’t helping the AUDUSD January 28, 2020 at 07:18PM
The price is below the close from yesterday. Yesterday, as the markets were in a risk aversion mode: Today, the risk off trade has reverse to risk on. So, Continue Reading:… Search […]
NEWS: Magnitude 7.3 earthquake hits between Cuba and Jamaica January 28, 2020 at 07:18PM
That’s a good-sized earthquake The USGS reports a 7.3 magnitude earthquake in the Caribbean sea between Cuba and Jamaica. There’s no word on a possible tsunami. Continue Reading:… Search Web: Magnitude 7.3 […]
NEWS: US CBO forecasts $1 trillion FY2020 budget deficit January 28, 2020 at 07:02PM
The latest deficit forecast The US Congressional Budget Office forecasts at FY2020 budget deficit of $1.015 trillion, falling to $1.0 trillion in FY2021. The forecast includes GDP growth of 2.2% this year […]
NEWS: How USD responded to FOMC meetings last year – BAML January 28, 2020 at 06:50PM
BAML on the Fed decision Wednesday Bank of America Global Research discusses the USD outlook around tomorrow’s FOMC policy decision. "g, keeping the fed funds target range at 1.50-1.75%. The Fed is […]
NEWS: Apple earnings after the close. What to expect? January 28, 2020 at 06:28PM
What to expect? – EPS estimate $4.54. Apple hasn’t provided a profit guidance. However in October it said it expected a gross margin of approximately 37.5% to 38.5% The stock price has risen dramatically […]
NEWS: France confirms fourth case of coronavirus (and a worrisome chart) January 28, 2020 at 06:04PM
Risk of imported cases I find models about the transmission of the virus fascinating. You can take typical Chinese travel patterns and estimate where the virus should be prevalent. Continue Reading:… Search […]
NEWS: US sells 7-year notes at 1.570% vs 1.566% WI January 28, 2020 at 06:02PM
A touch on the soft side Yesterday’s auction was a bit softer as well. ForexLive Continue Reading:… Search Web: US sells 7-year notes at 1.570% vs 1.566% WI
NEWS: Treasury yields grind higher but they’re not on the same page as stocks January 28, 2020 at 05:35PM
There is a significant divergence in markets US stocks are brushing off coronavirus fears today as the S&P 500 jumps 38 points on earnings enthusiasm. But bonds and hard assets are much […]
NEWS: Pres. Trump proposes 2 state solution for Israel and Palestinians January 28, 2020 at 05:06PM
Mideast peace plan from Pres. Trump – Pres. Trump proposes 2 state solution for Israel and Palestinians with Palestinian capital in east Jerusalem – Israel has agreed to negotiate on the basis […]
NEWS: EURGBP runs into moving average resistance as London/European traders exit January 28, 2020 at 04:59PM
200 hour moving average stalled the rally for now… As London/European traders look to exit for the day, the EURGBP is testing the key 200 hour moving average and finding some stall against the risk […]
NEWS: World Health Organization to send international experts to China as soon as possible January 28, 2020 at 04:49PM
World Health Organization on China The World Health Organization is on the wires saying: ForexLive Continue Reading:… Search Web: World Health Organization to send international experts to China as soon as possible
NEWS: UK Boris Johnson is expected to speak with Pres. Trump later today January 28, 2020 at 04:46PM
Boris Johnson to speak to Pres. Trump about Huawei PM Johnson will visit the US and begin trade negotiations next week. US Sec. of State Pompei to visit in the UK tomorrow. Continue Reading:… […]
NEWS: European major indices end higher on ebbing fears January 28, 2020 at 04:42PM
German DAX +0.83%. France’s CAC, +1.08% The major European indices are ending the day higher as having fears of the coronavirus lead to risk on flows. In the European debt market, the […]
NEWS: CDC holds press conference: At this point Americans should not worry although it is a very serious public health threat January 28, 2020 at 04:19PM
HHS Sec. Azar hold coronavirus briefing ForexLive Continue Reading:… Search Web: CDC holds press conference: At this point Americans should not worry although it is a very serious public health threat
NEWS: Pres. Trump: Fed should get smart and lower the rate to make US rates competitive January 28, 2020 at 03:57PM
The FOMC decision is set for tomorrow at 2 PM ET He says: Of course the Fed only controls the shorter-term overnight interest rate target. Longer term interest rates have the shorter-term interest rates as […]
NEWS: Stocks continue to run higher. Major indices making new session highs January 28, 2020 at 03:43PM
A squeeze feeling in the major indices The major US indices are squeezing to the upside with the NASDAQ index leading the way. The numbers are currently showing: Continue Reading:… Search Web: Stocks continue to […]
NEWS: Dallas Fed Jan.service sector index of general business activity 11.1 versus 13.5 last month January 28, 2020 at 03:35PM
Dallas Fed service sector index of general business activity The indicators six-month ahead are mostly showing positive expectations. The negatives are input prices and capital expenditures: Continue Reading:… Search Web: Dallas Fed Jan.service […]
NEWS: Atlanta Fed GDPNow estimate for 4Q growth rises to 1.9% from 1.8% previously January 28, 2020 at 03:33PM
A small rise from the January 17 estimate The Atlanta Fed GDPNow estimate for 4Q GDP growth rose to 1.9% from the 1.8% estimate from January 17. Continue Reading:… Search Web: Atlanta Fed […]
NEWS: US January Conference Board consumer confidence 131.6 vs 128.0 expected January 28, 2020 at 03:00PM
Consumer confidence data This is a good sign for the US consumer early in the year and builds off a good December retail sales number. ForexLive Continue Reading:… Search Web: US January […]
NEWS: Richmond Fed manufacturing index for January 20 versus -3 estimate January 28, 2020 at 03:00PM
Richmond Fed manufacturing index for January. – for December came in weaker than expected at -5 – New orders 13 versus -13 in December – number of employees 20 versus 7 in December […]
NEWS: US January consumer confidence and Richmond Fed data coming up next January 28, 2020 at 02:53PM
How is the consumer doing? Today’s durable goods orders data was poor but the market will be more concerned about forward-looking data. On that front, we get two big releases at the […]
NEWS: US major stock indices rebound at the open January 28, 2020 at 02:35PM
NASDAQ index leads the way The US major stock indices are rebounding higher at the open. Yesterday major indices fell by over -1.56%, with the NASDAQ index falling -1.89% (the S&P index and […]
NEWS: CDC: Travelers should avoid all non-essential travel to China January 28, 2020 at 02:29PM
US CDC sounds the alarm The US Centers for Disease Control and Prevention has released a statement saying to avoid all non-essential travel to China. The market is more sanguine today but […]
NEWS: GBPUSD dips below the 1.3000 level January 28, 2020 at 02:26PM
Tests a lower trend line The GBPUSD is dipping below the 1.3000 level but in the process is running into a lower trend line at 1.2991. The low just reached 1.29931. Continue […]
NEWS: EURCHF buyers are making a play, but need to get above some key resistance targets January 28, 2020 at 02:02PM
Low bounced off a lower trend line The EURCHF has been trending to the downside, but with the USDCHF run higher, we are getting a corresponding bounce in the EURCHF as well. Continue […]
NEWS: Case-Shiller November US 20-city house price index +2.55% y/y vs +2.4% y/y expected January 28, 2020 at 02:00PM
The latest US house price data There are plenty of signs pointing to a pickup in the US housing market. That’s exactly what you would expect with a good jobs market and […]
NEWS: FX market shrugs off the poor business investment number January 28, 2020 at 01:57PM
Core durable goods orders weaken The poor durable goods orders number in December is weak because the phase one trade deal was pre-announced early in the month. That should have spurred some […]
NEWS: USDCHF trades to the highest level in a week January 28, 2020 at 01:40PM
The USDCHF based at the lows near the 200 hour MA (after a failed break lower) The USDCHF is back higher and trading at session highs, in what has been an up […]
NEWS: US durable goods orders for December 2.4% versus 0.4% estimate January 28, 2020 at 01:30PM
Is durable goods orders for December (preliminary). – durable goods orders 2.4% versus 0.4% estimate. The prior revised to -3.1 from -2.1 previously reported Continue Reading:… Search Web: US durable goods orders for December […]
NEWS: The CAD is the strongest and the GBP is the weakest as NA traders enter for the day January 28, 2020 at 01:01PM
The USD is a bit stronger As North American traders ent the the er for the day, the CAD is the strongest while the GBP is the weakest. The Bank of England meeting will be on […]
NEWS: Lockheed Martin EPS $5.29 versus $5.02 estimate January 28, 2020 at 12:37PM
Earnings before the aerospace company Lockheed Martin is out with stronger than expected earnings. Nevertheless the market is continuing the recovery with the Dow futures up 130 points and gold trading 2 […]
NEWS: Report (unconfirmed) that head of US intelligence ag. Iran, Iraq has been killed January 28, 2020 at 12:33PM
Be careful. Unconfirmed. UNCONFIRMED, but this might not be good if true… INTELSky who on their twitter account calls themselves a "MIDDLE EAST AND MEDITERRANEAN AIRSPACE OBSERVER. TRACKING VARIOUS & INTERESTING SPOTS, […]
NEWS: US stocks moving a little higher as NY traders start to wander in January 28, 2020 at 12:19PM
Dow up 113 points The US futures are moving a bit higher as NY traders rub the sleepy eyes and enter for the day. The Dow futures are implying a 113 point gain. […]
NEWS: UK PM Johnson gives Huawei limited role in 5G January 28, 2020 at 12:05PM
PM Johnson approves Huawei limited role in building parts for 5G. PM Johnson will visit the US and begin trade negotiations next week. US Sec. of State Pompei to visit in the UK tomorrow. […]
NEWS: EURUSD dips to a new session low January 28, 2020 at 12:02PM
When the extension is to push to 20 pips for the day, it does not take much…. The good news is the range for the EURUSD has now extended to a new […]
NEWS: Pfizer adjusted EPS $0.55 vs $0.57 est January 28, 2020 at 11:49AM
Pfizer has 0.5% weight in the Dow Earnings will heat up today with Apple due after the close today. Starbucks will also report today along with 3M. Continue Reading:… Search Web: Pfizer […]
NEWS: ForexLive European FX news wrap: Coronavirus fears dampen the risk mood January 28, 2020 at 11:10AM
Forex news from the European morning session – 28 January 2020 Headlines: Markets: – JPY leads, GBP lags on the day – European equities tepid; E-minis up 0.2% Markets continue to be […]
NEWS: UK January CBI retailing reported sales 0 vs 5 expected January 28, 2020 at 11:00AM
Latest data released by UK CBI – 28 January 2020 – 0 – Total distributive reported sales 11 – Prior -3 ForexLive A bit of a mixed report but it points to […]
NEWS: OPEC said to be discussing extending output cuts until at least June January 28, 2020 at 10:53AM
OPEC is said to be alarmed by the coronavirus outbreak Adding that members are also discussing on deepening the cuts if oil prices or demand should fall significantly on the coronavirus outbreak. […]
NEWS: WHO chief has met with China president Xi on coronavirus outbreak – spokesman January 28, 2020 at 10:16AM
WHO chief, Tedros Adhanom, is in China this week to discuss ways of containing the virus outbreak Adding that Tedros did not travel to any place outside of Beijing and that the […]
NEWS: PBOC confirms that Chinese markets to only resume trading on 3 February January 28, 2020 at 09:43AM
Says that interbank markets will also observe the extended holiday period ForexLive Continue Reading:… Search Web: PBOC confirms that Chinese markets to only resume trading on 3 February
NEWS: BOJ’s Kuroda: Will continue with easing to achieve inflation target January 28, 2020 at 09:41AM
The usual mantra being repeated by Kuroda in parliament – Policy is aimed at BOJ’s objectives, not to help government’s fiscal policy – Monetary policy is to achieve price stability and financial […]
NEWS: The market now sees a Fed rate cut in September this year January 28, 2020 at 09:26AM
A 25 bps rate cut for September is priced into Fed funds futures currently ForexLive The coronavirus outbreak is continuing to spread fear across markets and the latest development sees Fed funds […]
NEWS: Risk gets a reality check as coronavirus concerns escalate January 28, 2020 at 09:04AM
Easy come, easy go as risk trades lose ground on the day ForexLive The headlines above are giving weighing on risk trades on the session as markets switch to being risk-off now. […]
NEWS: Hong Kong suspends personal travel permits from China amid coronavirus concerns January 28, 2020 at 08:55AM
As confirmed by HK leader, Carrie Lam – Hong Kong to shut high-speed rail service from China – Hong Kong to close some of the travel checkpoints with China – Hong Kong […]
NEWS: Japan confirms coronavirus case of person who has not been to Wuhan/China January 28, 2020 at 08:52AM
The person is a bus driver with no travel history to China ForexLive The case in point refers to a bus driver who drove a bus with tourists from Wuhan. This is […]
NEWS: German BDI industry association says ‘impossible’ for EU-UK trade deal by end of the year January 28, 2020 at 08:15AM
Says UK decision to rule out extension of transition period is a ‘grave mistake’ – The risk of a disorderly Brexit will remain even after the UK leaves this week Yada, yada. […]
NEWS: European equities higher at the open January 28, 2020 at 08:09AM
Slightly more positive tones to start the sessiom – Eurostoxx +0.4% – Germany DAX +0.3% – France CAC 40 +0.5% – UK FTSE +0.4% – Spain IBEX +0.5% ForexLive Continue Reading:… Search […]
NEWS: EUR/USD tepid but nears test of the 1.10 handle January 28, 2020 at 08:03AM
EUR/USD sits in a 11 pips range so far today ForexLive The pair is trading in between 1.1014-25 today, which now seems to be the "normal" range considering the lack of volatility […]
NEWS: Cable down to one-week lows as pound pressured to start the session January 28, 2020 at 07:45AM
GBP/USD eases to a one-week low of 1.3025 ForexLive Buyers have been failing at key tests to win back some upside momentum since the start of the week as they were unable […]
NEWS: USD/JPY keeps just above 109.00 for now, what levels to look out for? January 28, 2020 at 07:20AM
USD/JPY is a little higher on the day as markets observe more calm ForexLive The pair is holding just above the 109.00 handle now, trading at session highs as we see markets […]
NEWS: Eurostoxx futures +0.5% in early European trading January 28, 2020 at 07:11AM
A more upbeat tone after the setback yesterday – German DAX futures +0.6% – French CAC 40 futures +0.5% – UK FTSE futures +0.4% ForexLive This mirrors the tone seen in US […]
NEWS: What is your preferred source of safety from the Coronavirus? January 28, 2020 at 07:04AM
Via Bloomberg, question of the day ? This was a question on Bloomberg Market’s Live blog this week and I thought I would ask our Forexlive readership the same question. What are […]
NEWS: Switzerland December trade balance CHF 1.96 billion vs CHF 3.92 billion prior January 28, 2020 at 07:00AM
Latest data released by the Federal Statistics Office – 28 January 2020 – CHF 3.92 billion; revised to CHF 3.95 billion ForexLive The downside to the report is that exports slumped towards […]
NEWS: European pre-market: Calmer heads for now amid virus concerns still January 28, 2020 at 06:52AM
Markets are keeping a calmer mood so far today ForexLive The risk aversion seen in trading yesterday is starting to abate a little, as traders and investors start the day with a […]
NEWS: Trade ideas thread – European session 28 January 2020 January 28, 2020 at 06:12AM
Daily thread to exchange ideas and to share your thoughts Risk trades are keeping more steady as we see USD/JPY back around 109.00 with the aussie and kiwi also holding their ground amid a […]
NEWS: Nikkei 225 closes lower by 0.55% at 23,215.71 January 28, 2020 at 06:03AM
Asian equities still feeling the heat from the coronavirus outbreak situation Major currencies are keeping more calm with USD/JPY back up above 109.00 currently as we’re seeing US futures keep higher by […]
NEWS: US futures largely shrugging off virus concerns so far January 28, 2020 at 05:57AM
S&P 500 futures are up by 15 points ForexLive After a downbeat day in trading yesterday, US equity futures are pointing to a better Tuesday so far as we looks towards European […]
NEWS: The offshore yuan will still be one to watch today January 28, 2020 at 05:32AM
USD/CNH and the 7.00 level acts as a good barometer for risk ForexLive The offshore yuan is strengthening a little today after a sharp move higher yesterday amid heightened concerns surrounding the […]
NEWS: China said to urge its citizens to delay foreign travel over virus fears January 28, 2020 at 05:22AM
AFP reports But if we do see a significant drop in Chinese travelers around the world, expect that to weigh on global economic conditions even more to start the year – especially […]
NEWS: Economic data coming up in the European session January 28, 2020 at 05:12AM
Is it about time to buy value and sell hysteria? So far today, markets are keeping more calm although Asian equities are continuing their slump in the wake of coronavirus concerns. The […]
NEWS: ForexLive Asia FX news wrap: Coronavirus spreads, FX majors moribund January 28, 2020 at 04:34AM
Forex news for Asia trading Tuesday 28 January 2020 Official data from China showed a huge % jump in confirmed cases on the day. China’s National Health Commission reported 1,771 new […]
NEWS: Japan’s Nikkei press report Apple plans to make about 10% y/y more iPhones in H1 January 28, 2020 at 04:29AM
Nikkei (Japan press) with the report ahead of Apple Q4 results due Wednesday Apple has asked its suppliers to make up to 80 million iPhones over the first half of this year […]
NEWS: Japan’s Economy Minister Nishimura: Economy to be hit by coronavirus outbreak in China January 28, 2020 at 04:12AM
I can’t see Nishimura getting a Nobel Economics for this particular insight. Warned that corporate profits and factory production might take a hit from the coronavirus outbreak in China Continue Reading:… Search Web: Japan’s Economy […]
NEWS: Coronavirus: 6000 medical workers from across China expected in Wuhan by tomorrow January 28, 2020 at 04:03AM
Medical professionals in Wuhan and surrounds have been working around the clock, but some relief is in sight – Bureau of Medical Administration at the National Health Commission says 4000+ medical staff […]
NEWS: Singapore new legislation offers cryptocurrency firms a chance at licences to expand January 28, 2020 at 03:53AM
This via Bloomberg earlier, on legislation in SG – introducing new payments legislation, the Payment Services Act – that will offer global cryptocurrency firms a chance to expand their operations in the […]
NEWS: China’s NHC says 1 week is sufficient to recover from a mild bout of coronavirus January 28, 2020 at 03:24AM
China’s National Health Commission says one week is sufficient to recover for those presenting with mild coronavirus symptoms – Mild symptoms are what they describe as a fever but not pneumonia I […]
NEWS: Here’s a bank with a ‘chill out’ view on coronavirus January 28, 2020 at 03:06AM
Adam posted the number of cases on Monday at – Jan 27: 2,744 The update today is up 1700+ cases – Jan 28: 4,515 Yeah, most all of it happening in Wuhan, […]
NEWS: Deutsche Bank say a new digital currency could become mainstream within the next 2 years January 28, 2020 at 02:35AM
Deutsche Bank have been producing a series of reports on cryptocurrency. – In the first paper from the bank they assessed many existing cryptocurrencies, as being too volatile to be used as […]
NEWS: China’s NHC says confirmed coronavirus cases at 4,515 January 28, 2020 at 02:16AM
This is the third different number today! The most recent one was a lower number via People’s Daily: China’s National Health Commission now gives official figure as 4,515 cases and 106 deaths. China […]
