The kiwi is continuing its good form but is there anything more to the run higher? ForexLive Price is trading at over one-month highs at the moment as buyers are looking to […]

Flattish tones observed in early trades – German DAX futures +0.1% – French CAC 40 futures 0.1% – UK FTSE futures -0.1% ForexLive Equities sentiment isn’t really signalling solid risk-on tones for […]

Via Bloomberg The promise/aspiration of China’s $50 bln purchse of US agricultural products has boosted soy beans prices as the demand is expected to ramp up. Pre US-China trade war levels of […]

Daily thread to exchange ideas and to share your thoughts Overnight, we saw the S&P 500 push past the 3,000 level again with futures pointing to a further 0.2% gain currently. That is keeping […]

Cable continues to sit just under the 1.30 handle ForexLive All eyes will be on the pound again today as Boris Johnson heads for yet another showdown in parliament with lawmakers set […]

Justin Trudeau’s Liberals set to hold on to power with a minority government ForexLive With 90% of the polls reported, Trudeau’s Liberals look set to gather ~156 seats with Scheer’s Conservatives taking […]

Comments by the Chinese industry ministry – China will not decouple from the development of international industries – Will closely monitor US entity list – And take appropriate measures to safeguard China’s […]

Is there anything else beyond the withdrawal agreement bill today? If that passes, it doesn’t mean the Brexit drama is over and done with as there are still quite a number of […]

All eyes remain on Brexit today Looking ahead, Brexit headlines will once again dominate proceedings as we move towards a vote on Boris Johnson’s withdrawal agreement bill. The vote is said to […]

Once we get the final election result its not over yet for Canada.  Coming up today also is the Business Outlook Survey, which is an important input ahead of the Bank of Canada […]

The Canadian election is, so far, seeing a fairly stable Canadain dollar response. The range we’ve had in Asia is no more than about 15 points. Not much more, even less, than […]

Canadian TV (CBC) has tipped a Trudeau win, but has not yet said it’ll be majority government So, it may be a minority goevernment A minority government is assessed as not being so […]

Majority or minority government they don’t call yet  ForexLive Continue Reading:… Search Web: Canadian TV (CBC) projecting a win for incumbent Trudeau government

China’s Vice Foreign Minister Le Yucheng with remarks that offer some encouragement, but some wariness also.  – Chinese economy is source of confidence for the international community Continue Reading:… Search Web: Some […]

Polls close locally in Canada over the course of coming hours, given the 6 times zones across the connutry. Earlier: And, even earlier (previews etc): As of counting now, with barely 6% […]

Via Bloomberg an interview video with Commerzbank analyst on the yuan – Says still deprecations pressures over the next 2 to 3 years – but in shorter term given positive trade war […]

People’s Bank of China    ForexLive Continue Reading:… Search Web: PBOC sets USD/ CNY reference rate for today at 7.0668 (vs. yesterday at 7.0680)

EUR/USD USD/JPY AUD/USD ForexLive Continue Reading:… Search Web: FX option expiries for Tuesday October 22 at the 10am NY cut

All the above higher against the USD, NZD leading the pack CAD is likely to see some election impacts, but ,ater as only very few contests are being counted up to now. […]

Japanese markets are closed today for a holiday. USD/JPY on the move though, up to above 108.71, dragging yen crosses up a little also. Apart from what has been posted there is […]

North Korean outlets slammed South Korea over planned test-firings of some of its Hyunmoo missiles and develop new nuclear-powered submarines – said they were "outright provocations"  Continue Reading:… Search Web: North Korea “slammed” […]

A bit of an ICYMI from a GS note, this is not breaking – from overnight news.  Corporate buybacks are "plummeting"  – Data used by GS shows that while Q2 S&P 500 […]

Six time zones?! Polls have closed, at 7pm local time in the eastern most. Polls will close in the westernmost at 0200GMT.  Earlier: ForexLive Continue Reading:… Search Web: Here’s why the Canadian […]

2300GMT and the first polling places in Canada have closed. – On the east coast (west coast polling places will be open for many hours to come) – 7 of 338 seats […]

Trading elections is often fraught, so if you are doing so please take care.  Results from Canada should trickle in from pretty soon. Polls do not close until a few hours time […]

Ongoing weakness in this indicator,  a bit of relief this week  ANZ/Roy Morgan survey ForexLive Continue Reading:… Search Web: Australia data – weekly consumer confidence 111.6 (vs. previous 110.9)

There were plenty of European Central Bank speakers at the IMF meeting over the weekend.  Although there were plenty of speeches, says UBS, the content: Huh …. I’ll have more previews to […]

King spoke at the  International Monetary Fund meeting over the weekend – economists and policy makers seem scared to challenge old ideas – were "sleepwalking" toward the next economic and financial crisis To […]

A snippet via BNZ on the Australian and New Zealand dollars overnight: Also this on the central banks: ForexLive Continue Reading:… Search Web: Key line of resistance for NZD

Japanese markets are closed for a holiday today –  Emperor Naruhito will proclaim his enthronement. (info if you are seeking it) here For FX markets it means less liquidity for longer as Tuesday […]

Forex news for NY trading on October 21, 2019 . Although the UK Speaker of the House Berkow blocked a vote on the UK Prime Minister’s Brexit deal today. However at approximately 1700 GMT, the legislators will […]

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 […]

A snippet from Citi on Brexit and sterling (bolding is mine) The bank further adds that Speaker Bercow’s turning down of PM Johnson’s vote boosts the prospect of a UK general election/ […]

S&P getting close to all time high The US stocks are closing near the highs for the day. Near the end of the day Softbank said that they would take control of WeWork […]

Sparse indeed for the data agenda during the session. 2230 GMT Australia weekly consumer confidence ANZ/Roy Morgan survey ForexLive Continue Reading:… Search Web: Here is what’s on the economic calendar in Asia […]

The big vote is less than a day away The first vote on the Brexit bill will take place at 1800 GMT on Tuesday, according to House of Commons leader Jacob Rees-Moog. […]

Support at 108.44-47 stalled the fall The USDJPY is up retesting the 100 hour MA at 108.63. Recall from an earlier post, that the 108.44-47 was a support target on the downside. […]

What does the earning calendar look like this week. Boeing is the "Dog of the Dow" today. It is currently do reach $319.55 back in mid August wn about -$13 at $330.969. […]

Down -$0.47 or -0.87% The high price today reached $54.03. The low reached $52.71. Looking at the daily chart, the price is now closed below its 100 day moving average for 19 consecutive days. […]

Index is up 0.65% on the day The S&P index is trading at a new session high at 3006.51. That is up 0.67% on the day. The all-time high from July comes in at […]

Correction of 38.2% of the day’s range The GBPUSD fell on the Berkow announcement that there would be no meaningful vote today. The price moved to the 38.2% of the day’s trading […]

UK Minister Gove getting ducks in a row UK Minister Gove is on the wires saying: The expectations are that the EU would not respond immediately to the Prime Minister’s letter as they wait […]

UK House of Commons leader Rees-Mogg UK House of Commons leader Rees Mogg says: ForexLive Continue Reading:… Search Web: Rees-Mogg: Withdrawal agreement will be published shortly

Pres. Trump speaks on China USTR Lighthizer says: ForexLive Continue Reading:… Search Web: Pres.Trump: China is purchasing agricultural products now

Trades at lowest levels since July 22 On election day in Canada, the USDCAD is moving lower (CAD moves higher).  The pair just reached to new session lows which is the lowest level since July […]

Stating the obvious a bit All the talk of the EU blocking an extension was non-sense. ForexLive Continue Reading:… Search Web: EU’s Moscovici: Expect either a Brexit deal or a delay on […]

Trump comments: The market doesn’t react to this kind of thing any longer. He’s said it a dozen times. ForexLive Continue Reading:… Search Web: Trump says trade deal with China is coming […]

Spain’s Ibex, +1.2% .  German Dax up 1%. UK FTSE 250 up 0.4% The major European indices are ending the session higher on the day. The German DAX is a leading the way with […]

NZD/USD tries to form a base NAB discusses NZD/USD technical outlook and highlight to confirm a sustainable medium-term uptrend over the coming weeks. "Despite four consecutive up weeks, the downtrend structure of […]

The 1.11618 level was broken and the price momentum tilted back to the downside. That is what has happened.  Looking at the 5 minute chart below, the 1.11618 level was broken and […]

Comments from Boris Johnson ForexLive Continue Reading:… Search Web: Johnson says he will go ahead with introduction of withdrawal bill

The pair moved above the 100 day MA for the first time since July 23 The AUDUSD moved above the 100 day MA earlier today for the first times since July 23, […]

Bercow remains a thorn in Johnson’s side Cable is under pressure on the headline but allowing the government to introduce the withdrawal deal mitigates it. There’s still a simple way forward to […]

Early declines erased… As Boris Johnson hopes to put his Brexit deal to a vote in Parliament today, the GBPUSD has erased early declines and trades marginally higher.  The government has indicated […]

One more cut before a Fed pause MUFG Research discusses the Fed’s policy trajectory and expects a rate cut at the FOMC meeting later this month before a pause in December meeting. […]

Stocks higher today The S&P 500 is up 17 points to 3003 today and is just 0.6% from a fresh all-time high but Goldman Sachs warns that one source of strength is […]

Dow stocks lag The US major indices open the day (and the week) with gains. The market is being led by the NASDAQ index. The Dow Industrail Average is the laggard. Continue Reading:… Search Web: Major indices […]

It’s not clear what’s behind the selling A drop in natural gas prices appear to have led a fall in oil. Natural gas is down nearly 5% on the day and all […]

100 hour MA at 108.628.  Pair trades between the 100 hour MA above and the 200 hour MA below The USDJPY is a little higher on the day, after opening in the […]

Consumers feeling a bit better It’s a leading indicator. ForexLive Continue Reading:… Search Web: October Belgian consumer confidence improves to -8 from -11

Brexit and Canada in focus There is no notable economic data on the North American calendar today and the central bank schedule is also light with the Fed now in the blackout. […]

The EURUSD moves away from the 100 day MA… The EURUSD is trading a little lower on the day to start the week.  In the process the pair remains above the 100 […]

Kudlow on Fox Business: I take this as a small negative. Kudlow is outside of the core of negotiations but the threat of December tariffs is truly a two-way risk. It’s a […]

The USD is mixed to start the trading week The NZD is the strongest and the JPY is the weakest as North American traders enter for the day.   The moves are a […]

Comments by US commerce secretary, Wilbur Ross – "Phase Two/Three" of China deal is ‘where the meat is’ It sounds like he is toning down expectations a little and that isn’t too […]

Forex news from the European morning session – 21 October 2019 Headlines: Markets: – NZD leads, JPY lags on the day – European equities higher; E-minis up 0.3% Continue Reading:… Search Web: […]

As confirmed by UK government spokesman, James Slack – If parliamentary legislation steps too far away from withdrawal agreement and political declaration, it does bring into question ratification ForexLive Continue Reading:… Search […]

Some tips to help your trading going into the new year No doubt, a quick internet search will yield a plethora of forex trading tips and strategies. The problem with many of […]

I’m starting to think any setback from Bercow’s decision on the "meaningful vote" today could be short-lived If the vote goes ahead, then that’s great news for Johnson and the government – […]

FT correspondent, Sebastian Payne reports ForexLive The above will come after speaker John Bercow’s decision on the "meaningful vote", which the government expects him to say no to as it would be […]

The German central bank comments in its monthly report – Economy may have contracted in Q3 – Sees risk of slowdown in exports affecting domestic economy as well ForexLive Continue Reading:… Search […]

Comments by German foreign minister, Heiko Maas – We want to avoid a no-deal Brexit – Hopes UK parliament takes decision today to achieve that ForexLive Germany and France are playing good […]

The Commons has released the order paper for today ForexLive It is also confirmed that speaker John Bercow will be planning to make a statement at 1430 GMT on the EU (Withdrawal) […]

Speaker John Bercow will decide if we get to a "meaningful vote" today ForexLive The government will be pushing forward with a request seeking a "meaningful vote" but it will be down […]

EUR/USD is climbing back up with buyers eyeing the 1.1200 level next ForexLive The renewed optimism in the pound during the session is also playing its role here but the dollar is […]

Cable touches the 1.30 mark for the first time since 13 May ForexLive The pound optimism on the session looks to be building further as cable is running to fresh highs above […]

Cable moves to a high of 1.2975 on the day ForexLive The move comes amid some mild weakness in the dollar and yen as well during the session but the pound in […]

Clarifies that the DUP cannot support such an amendment That’s good news for the government, after rumours came about over the weekend that Labour is seeking to form an alliance with the […]

Latest data released by the SNB – 21 October 2019 – Domestic sight deposits CHF 482.6 bn vs CHF 484.1 bn prior ForexLive Prior week’s release can be found . Once again, […]

Is the risk mood starting to shift? ForexLive The DAX is up by 0.6% now with other regional stocks also posting some decent gains as we move along the session. The UK […]

Comments by UK Treasury chief secretary, Rishi Sunak – Hopes that Bercow will allow vote on Brexit deal – Says parliament must have clear vote on the deal ForexLive Continue Reading:… Search […]

AUD/USD approaches a key resistance level, can buyers find enough conviction to break the bearish hold? ForexLive Buyers are continuing to keep the upside momentum from last week as price is now […]

Stocks not all too enthusiastic to kick start the new trading week – Eurostoxx +0.1% – Germany DAX +0.3% – France CAC 40 -0.1% – UK FTSE flat – Italy FTSE MIB […]