While much of Asia is closed , Japan is open.  today, Friday 19 April 2019 Japanese inflation data for March is out now, for March: Headline CPI is 0.5% y/y Continue Reading:… […]

Jeopardy! winners and winning traders have things in common Jeopardy! is a  game show where three contestents compete in providing the question to answers under topic headings.   Since you need to answer […]

Most of Asia FX is out today, except for Japan.  But, if you’d like to discuss any charts, technical analysis, trade ideas, thoughts, views with fellow ForexLive traders, please do so:    […]

Japan is open as normal, otherwise its the Good Friday holiday in forex centres in Asia. On the data calendar, Japanese nationwide inflation data for March is released today Continue Reading:… Search […]

The major forex trading centres open and closed today: Closed: – New Zealand – Australia – Singapore – Hong Kong  Open: – Japan! I’ll be popping in from time to time if […]

Forex news for North American trade on April 18, 2019: Markets: It was a heavy news day as Friday’s scheduled releases were moved up because of the holiday. The big one was […]

Closing changes for the main US equity indexes ForexLive Continue Reading:… Search Web: US stocks head to the long weekend after a modest rally

It’s Good Friday It’s a holiday where we are and markets will be very quiet in the day ahead. We will keep an eye on things but won’t have many updates unless […]

Solid finish for US equities  The US equity market is closed on Friday so this is the last chance to trade for the week. Monday is a holiday in Canada and the […]

Rough week for the kiwi The FX market is certainly flashing different signals than equities. The yen was the top performer this week in a potential sign of risk aversion. That said, […]

Comments on the trade deal ForexLive Continue Reading:… Search Web: ITC says USMCA trade deal would raise US GDP by 0.35%

Core inflation rose on Thursday Canadian core inflation had a surprise this week and economists are taking a second look. One area that has their attention is rents. Continue Reading:… Search Web: […]

Approaches the 200 day MA The GBPUSD has moved below a lower channel trend line currently at 1.2989.  Stay below keeps the sellers more in control.   Continue Reading:… Search Web: GBPUSD […]

Return of the hawks GDP trackers have been rising to around 2.5% for Q1 after starting out under 1%. ForexLive Continue Reading:… Search Web: Fed’s Kaplan: I’m getting more confident about 2019 […]

Weekly US oil and gas drilling rigs from Baker Hughes ForexLive Continue Reading:… Search Web: Baker Hughes US oil rig count 825 vs 833 prior

Bostic in Florida That sounds decidedly neutral. It also sounds like his comments earlier this month so there’s nothing new here. ForexLive Continue Reading:… Search Web: Fed’s Bostic: Rates may go up […]

Retail sales is a USD tailwind The big story of the day in the economy is the improvement in US retail sales and the continued trouble in German manufacturing. That’s sank the […]

Looks to test the April 10 low The EURUSD is trading to a new session low. The price has just reached 1.1230. The next target is the low from April 10 at […]

New Zealand dollar down 50 pips The New Zealand dollar is down a half-cent to 0.6677. NZD/USD fell below the mid-January lows after Q1 CPI was at just 1.5% compared to 1.9% […]

Yields are lower today The European shares are ending the day higher on the day despite weaker Flash PMI data In other markets as London/European traders look to exit: Continue Reading:… Search […]

Yields are lower today The European shares are ending the day higher on the day despite weaker Flash PMI data ForexLive Continue Reading:… Search Web: European share end with mixed results on […]

Results of the TIPS auction ForexLive Continue Reading:… Search Web: US sells 5-year TIPS at +0.515%

Open above the IPO prices After Lyft IPO failed (and is trading lower since the IPO) the IPOs of Pinterest and Zoom were hoped to be better for investors. Both are now […]

Better Retail Sales boost GDP The Atlanta Fed GDPNow tracker for Q1 US GDP growth rose to 2.8% from 2.4% as reported yesterday (that was up from 2.1% previously).  Continue Reading:… Search […]

The US GDP for the 1st quarter will be released on  The Atlanta Fed will also release their GDP sometime soon. Yesterday, they raised growth to 2.4% from 2.3% Continue Reading:… Search […]

It’s out Here’s the full, albeit partly-redacted, text. Headlines: ForexLive Continue Reading:… Search Web: Mueller report published

Sellers leaning again… The USDCAD’s ups and downs continue ().   As per the post from yesterday, the run lower yesterday, fell below support at 1.32966 on the way to 1.3275 area before […]

What’s next for the euro Societe Generale Research discusses EUR/USD outlook, and still sees a scope for limited near-term gains on short-covering.  ". While the G2 currencies are locked in place, central […]

What’s next for the euro Societe Generale Research discusses EUR/USD outlook, and still sees a scope for limited near-term gains on short-covering.  ". While the G2 currencies are locked in place, central […]

Some negative ticks in the major indices The gains in the S&P and the Nasdaq have eroded. There is no real news. Data today started strong with the retail sales and jobless […]

Above 2018 high at 1.01276 The USDCHF moved above the 2018 high at 1.01276 and the March 2019 high at 1.01236.  The high reached 1.0137. It is currently trading at 1.0130.   Continue […]

February 2019 business inventories ForexLive Continue Reading:… Search Web: US February business inventories +0.3% vs +0.4% expected

Services and manufacturing surveys from Markit for April 2019 The services number is a disappointment and the lowest since March 2017 while manufacturing is close to expectations. Continue Reading:… Search Web: Markit […]

S&P in the middle The US stocks are open.  Today two IPOs – Pininterst and Zoom – will trade for the first time.   The major indices are mixed.   Continue Reading:… Search Web: […]

Futures higher S&P 500 futures point to a 4 point gain at the open, erasing much of yesterday’s 6.6 point decline. American Express earnings were stronger than expected and shares are up […]

Yields are still lower.  Dow up. Nasdaq unchanged in pre-market trading The USDJPY moved higher on the back of the better data today (claims and Retail sales). The price moved to a […]

Another black eye for Canada Canada has major pipeline export problems. The country produces more oil than it can move and that’s created major problems. Late last year Canadian oil was trading […]

Channel trend line not far away The GBPUSD is challenging the 1.3000 level (EURUSD moves to new low too). The pair moved below the 1.3000 earlier today and also back on April […]

Retraced to 61.8% of the move up in April The EURUSD moved to a new session low after the better than expected US retail sales and jobless claims data. THe pair moved […]

A win for the EU and US The WTO decided that China didn’t automatically qualify for market-economy status in 2016, according to two people cited by Bloomberg. Continue Reading:… Search Web: China […]

ADP employment survey for Canada ADP employment, not including today’s release: ForexLive Continue Reading:… Search Web: Canada March ADP employment +13.2K vs +36.2K prior

April 2019 Philly Fed survey: ForexLive Continue Reading:… Search Web: April Philly Fed +8.5 vs +11.0 expected

US initial jobless claims for the week of April 13 Another 50 year low keeps the job picture strong. ForexLive Continue Reading:… Search Web: Initial jobless claims 192K va 205K estimate

Canadian February 2019 retail sales: ForexLive Continue Reading:… Search Web: Canada February retail sales +0.8% vs +0.4% expected

US retail sales for March ForexLive Continue Reading:… Search Web: US retail sales for March 1.6% vs 1.0% estimate

The USD is mostly higher As NA traders enter for the day, the JPY is the strongest and the NZD is the weakest. The USD is mostly higher as flight to safety […]

What’s coming up The North America consumer is in focus as we wrap up a holiday-shortened week. There will be no lack of news and economic data starting with both US and […]

RIA reports, citing Kremlin officials as its source Oh well, at least there’s another interesting event to look forward to over the next two weeks. Also, I get to use this again: […]

Reuters reports, citing sources familiar with the matter – BOJ to predict inflation falling short of 2% through fiscal year 2021 – BOJ likely to project inflation to move above 1.5% in […]

Forex news from the European morning session – 18 April 2019 Headlines: Markets: – JPY leads, NZD lags on the day – European equities mixed; E-minis down 0.1% Continue Reading:… Search Web: […]

Japan’s economy minister, Toshimitsu Motegi, comments comments Continue Reading:… Search Web: Japan’s Motegi says he may travel to US next week to meet with Lighthizer

Will they label China as a currency manipulator this time around? here Instead, we should see China remaining on the currency monitoring list which includes countries such as Germany, India, Japan, South […]

UK retail sales holds firm in Q1 as March data beats expectations ForexLive But that isn’t enough to really generate much buzz in the pound with cable rising from 1.3010 levels to […]

Latest data released by ONS – 18 April 2019 – +0.4%; revised to +0.6% – Retail sales +6.7% vs +4.5% y/y expected – Prior +4.0% ForexLive Those are solid beats across the […]

10-year bund yields slump by 5 bps to just 0.03% now ForexLive The sluggish data from Germany and overall Eurozone PMIs are spreading jitters across markets as haven flows start to dominate […]

Latest data released by Markit – 18 April 2019 – Prior 47.5 – Services PMI 52.5 vs 53.1 expected – Prior 53.3 – Composite PMI 51.3 vs 51.8 expected – Prior 51.6 […]

EUR/USD brought lower from 1.1290 to a low of 1.1265 ForexLive Much like the reports on ECB doubting economic growth earlier this week, the German data earlier basically highlights the fragility of […]

Latest data released by Markit/BME – 18 April 2019 – Prior 44.1 – Services PMI 55.6 vs 55.0 expected – Prior 55.4 – Composite PMI 52.1 vs 51.7 expected – Prior 51.4 […]

Latest data released by Markit – 18 April 2019 – Prior 49.7 – Services PMI 50.5 vs 49.8 expected – Prior 49.1 – Composite PMI 50.0 vs 49.7 expected – Prior 48.9 […]

Some positive headlines for risk at least ForexLive Continue Reading:… Search Web: China: There have been new progress in negotiating text of trade deal with US

Comments by Japan’s chief Cabinet secretary, Yoshihide Suga report ForexLive Continue Reading:… Search Web: Japan’s Suga: No change to government view on raising sales tax

Daily thread to exchange ideas and to share your thoughts ForexLive Meanwhile, the dollar is mixed against the rest of the major bloc as trading ranges remain narrow for the most part. The aussie […]

KCNA reports – North Korea says Pompeo interferes with US-North Korea relations – North Korea wants another person who is more careful, mature in communicating Lol. Judging by this, it looks like […]

AUD/USD buyers still looking for a firm break above the 200-day moving average ForexLive Yesterday’s run higher failed to culminate into anything meaningful as buyers failed to secure a daily close above […]

Not quite yet but you can never say never on this matter ForexLive It is the first sort of weapons test conducted by North Korea since talks broke down between Trump and […]

Is a no-deal more likely now? Probably, yes. May told conservative MP’s she would stop down if her deal was passed. It is also reported she has said that she couldn’t stay […]

Softer tones observed in early trades – German DAX futures -0.4% – French CAC 40 futures -0.4% – UK FTSE futures -0.3% ForexLive This goes hand in hand with the kind of […]

Softer tones observed in early trades – German DAX futures -0.4% – French CAC 40 futures -0.4% – UK FTSE futures -0.3% ForexLive This goes hand in hand with the kind of […]

Japanese stocks slump as optimism remains fleeting among equities In general, risk sentiment remains rather tepid with Treasury yields also looking heavy to start the day. That is leaving USD/JPY to be […]

Latest data released by Destatis – 18 April 2019 – Prior -0.1% – PPI +2.4% vs +2.7% y/y expected – Prior +2.6% Slight delay in the release by the source. ForexLive Continue […]

Latest data released by the Swiss Federal Statistical Office – 18 April 2019 – CHF 3.13 billion ForexLive Continue Reading:… Search Web: Switzerland March trade balance CHF 3.18 billion vs CHF 3.13 […]

All eyes turn to Eurozone PMI data for further direction ForexLive Near-term bias is more neutral as price holds in between the key hourly moving averages, just under the 100-hour MA (red […]

Most major markets will be closed tomorrow and on Monday – S&P 500 futures -0.2% – Nikkei -0.6% – Shanghai Composite -0.2% – US 10-year yields down 2.4 bps to 2.57% Risk […]

It’s PMI day in Europe once again The focus on the session ahead will be on the euro as we’ll get April PMI survey data so let’s see what else is on […]

Will we get a US China trade deal of Brexit first?   Sheesh.    It looks likely that the nest session of high-level talks will begin again on April 26, with US […]

Forex news for Asia trading Thursday 18 April 2019 Australia’s March 2019 labour market report was published today, showing a strong beat for jobs growth on the month but a tick up […]

A front page piece in the China Securities Journal — (Note, the Bank added liquidity through reverse repos and medium term lending facility yesterday, equivalent of the amount of MLF maturing that day) […]

Kyodo News with the report. Trying to dig up a little more. Given the negative factors combining to press on Japan’s economic growth such a suggestion is not really surprising. Authorities have […]

China’s FX regulator is the State Administration of Foreign Exchange (SAFE). Remarks: – China’s cross-border capital flows generally stable in Q1 – Says will strengthen counter-cyclical policies to support economy A few hints […]

The Australian March labour market report is here, a solid beat indeed on jobs added: More details at that post, it ain’t all sunshine and lollipops. Comments from Shane Oliver, Head of […]

Tuesday the 24th April for the BoC decision.  The background to the meeting is the Canadian economy softer: – oil production cuts  – slowing housing market Economists polled by Reuters are unanimous […]

National Australia Bank Business Survey for Q1 of 2019. This survey does not attract the same degree of market focus as the monthly NAB survey results.   Continue Reading:… Search Web: The […]

Australian labour market report for March of 2019  Employment Change: +25.7K, a beat –  expected 15.0K, prior 4.6K Unemployment Rate: in line at 5.0% but up from Feb. Continue Reading:… Search Web: […]