Trump weighs fresh sanctions on Turkey over the country’s purchase of Russia’s S-400 missile defense system ForexLive The initial move sees the lira fall by 1.5% on the headline with USD/TRY rising […]

UK inflation data the main highlight in the European morning Risk assets got a lift from overnight developments in the US-China trade rhetoric after Trump and Xi had a phone call to […]

A foreign oil company’s HQ near Basra, Iraq hit by a rocket – injuries reported – 3 explosions reportedly heard Report via Reuters. Its just the headlines.  Continue Reading:… Search Web: A […]

An ICYMI (like me) via the Wall Street Journal  Huh. Developments like this not seem to be upsetting the stock market in the US.  (Journal is gated though). Continue Reading:… Search Web: […]

Forex news for Asia trading Tuesday 18 June 2019   The UK Times cited a senior UK Labour Party source for the information, saying Opposition leader Corbyn will announce on Wednesday that the […]

Coming up on 20 June 2019 is the Bank of England’s Monetary Policy Committee decision. Some thoughts on what to expect. Via Citi: Via Rabobank     Continue Reading:… Search Web: Today […]

I posted on Tuesday Asia time the launch was coming, and indeed it did. – Facebook’s alternative financial system centres on ‘Libra’. their cryptocurrency – FB has 27 partners in the venture, […]

Adds in the obligatory ‘unless there is a Lehman scale crisis’ before then. Helpfully adds that  – as shown in the G20 communique language on the global economy there is no Lehman […]

The inflation data is due at 0830GMT. What to expect, this via SG: ForexLive Continue Reading:… Search Web: CPI data due from the UK on Wednesday – preview

The Ministry of Finance’s Masatsugu Asakawa. He is vice minister of finance for international affairs.  What that means is he tells the BOJ when to go intervene in the currency. Continue Reading:… Search […]

Masatsugu Asakawa is vice minister of finance for international affairs. What that means is he tells the BOJ when to go intervene in the currency.  – Says maintaining G20 policy coordination difficult […]

Adds in funds via a one-year medium term lending facility, 240bn yuan amount – rate unchanged from the previous MLF at 3.3% People’s Bank of China says in a statement the added […]

Dr Shane Oliver, Head of Investment Strategy and Chief Economist at Australia’s largest fund manager, AMP – Australian May skilled vacancies … down 5 months in a row Continue Reading:… Search Web: AMP […]

Data from the Australian government Department of Jobs and Small Business   As the headline says, -0.7% m/m & -5.7% y/y The media report tries to put on a brave face by […]

People’s Bank of China onshore yuan reference rate for the trading session ahead – Stronger onshore yuan PBOC to inject 40bn yuan via 14 day reverse repos Continue Reading:… Search Web: PBOC sets […]

EUR/USD  – 1.1150 537m euro – 1.1175 596m  – 1.1190 952m  – 1.1195 901m  – 1.1200 1.1bn  – 1.1205 1.2bn  – 1.1210 1.0bn  USD/JPY  Continue Reading:… Search Web: FX option expiries Wednesday […]

A few snippets from the bank previews, just the main points: Barclays (June 13 dated note) says that risk is skewed toward the Fed surprising to the dovish side  Continue Reading:… Search […]

I’m gonna go out (not very far at all) on a limb and say no deal then. Trump is speaking at a rally of supporters.  Don’t expect much of substance (or anything).  […]

People’s Bank of China to sell 10bn yuan of 6 month bills in HK – and 20bn yuan in 1 month – on June 26  PBOC putting the screws on yuan shorts […]

Bloomberg with the report … but we knew this already as part of trump wanting Powell to cut rates at Wednesday’s FOMC  From the US morning: more to come   Continue Reading:… […]

More to come on this …. but stay tuned first  for some Trump/Powell fisticuffs  ForexLive Continue Reading:… Search Web: Australia – Westpac leading index for May: -0.08% m/m (prior -0.09%)

A quick one on a real basic in markets. All sorts of markets.  Not financial markets – imagine your favourite pop singer. She is outing on a concert. There are ‘x’ number […]

AUD/JPY and NZD/JPY are leading along on the session. USD/JPY has managed to gain a little, as have AUD and NZD against the USD.  All of these three had moved higher overnight. […]

Japan Trade balance for May, deficit of 967.1bn yen  – expected Y -1200bn, prior Y 56.8bn Adjusted trade balance, deficit of 609.1bn yen  – expected Y -754.5bn, prior Y -110.9bn Continue Reading:… Search […]

I posted this breaking item on Jeremy Corbyn to support a 2nd referendum here earlier: Its been a valuable heads up, with the item getting a bit of a run now in […]

North Korean state media report on comments from Chinese President Xi: — Xi has done more than just mouth his support: China and Russia, not fussed ….  Continue Reading:… Search Web: China’s […]

Stimulus in the form of tax cuts, sales tax delay and more from the BOJ.  Oh, my bad, its only 64% of them, not quite 2/3rds. Reuters Corporate Survey: Of those seeking […]

European Central Bank president got the European session rocking with his dovish comments.   Justin had all the news in his wrap, follow the links there is you’d like more: Continue Reading:… […]

Xinhua (official China media) report that the 97 biggest industrial conglomerates, known as the country’s national champions, have been instructed to boost profits by 9% this year. Continue Reading:… Search Web: China […]

New Zealand Balance of Payments Current Account for Q1 An improvement and better than expected. Q1 current account has come in to -3.6% of GDP from its Q4 2018 -3.8% (ie a […]

Corbyn will back a move for Labour to change its Brexit policy and support a second referendum in all circumstances UK Times reports, citing a senior Labour source. Continue Reading:… Search Web: UK […]

A litter more from the BofAML June Global Fund Manager Survey, this time on the US dollar.  This snippet : While long USTs is the most crowded Boa ML note the level […]

Bank of America / Merrill Lynch conduct the survey each month, the latest was out on Tuesday.  The bank’s bottom line:  The bearishness despite (because of?) surging stock markets.  Continue Reading:… Search […]

Overnight note from MS on the Reserve Bank of Australia minutes (released yesterday) (bolding mine, although this is more MS reminding us of risk than new news) Continue Reading:… Search Web: Morgan […]

The Federal Reserve’s FOMC meet on 19 June 2019. I have a few snippets of what to expect to come. Getting the ball rolling: Bank of America / Merrill Lynch   Continue […]

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 […]

Cabinet approves pipeline The government bought the pipeline last year from Kinder Morgan, so it was widely expected to get approval for expansion. ForexLive Continue Reading:… Search Web: Canadian government approves Trans […]

New Zealand’s Finance Minster Robertson is speaking from 2145GMT 2245 GMT New Zealand Balance of Payments Current Account for Q1 – goods trade deficit has improved (export volumes rising should help to […]

This is the private survey data that comes out ahead of official data Wednesday morning US time. more to come   ForexLive Continue Reading:… Search Web: Private oil data shows smaller than […]

Reuters citing unnamed sources on the next move from the European Central Bank   Monetary policy makers at the Bank are said to be divided on the next move: Continue Reading:… Search […]

Various comments from Trump, addressing various topics, amongst them China and Iran – China wants to discuss the future and so do we – US is well configured with regard to Iran […]

Private survey day for oil inventory levels, official government data follows Wednesday morning US time. The data due soon is released to subscribers to the private firm’s service at 4.30pm NY time […]

Forex news for North American trade on June 18, 2019: Markets: – Gold up $6.50 to $1346 – WTI crude up $2.16 to $54.09 – S&P 500 up 28 points to 2918 […]

OPEC Secretariat sends letter on new date The OPEC meeting has turned into a mess with members unable to agree on a date. ForexLive Continue Reading:… Search Web: OPEC proposes July 1-2 […]

Comments from Boris Johnson: ForexLive Continue Reading:… Search Web: Boris Johnson: Nobody wants to see the return of infrastructure on Irish border

1.2559 was the May low Cable has embarked in a bit of a turnaround today. It’s up 28 pips to 1.2562 after falling as low as 1.2506. The figure provided some support […]

BAML survey shows sharp shift Bank of America Merrill Lynch surveyed 230 fund managers responsible for $645 billion in funds in the second week of June and they found a sharp increase […]

Pipeline likely approved The PMO announced that Canadian Prime Minister Justin Trudeau will make an announcement at 4:30 pm ET (2030 GMT). This is presumably where he will announce the approval of […]

A look at Thursday’s Bank of England rate decision The Bank of England will view the latest market moves as excessive and try to push back by warning that rates could rise […]

Allegations of domestic abuse dogged Shanahan Trump announced that Patrick Shanahan will no longer seek the role and that Secretary of the Army Mark Esper will be the new Acting Secretary of […]

Results of the leadership vote The latest results: For reference, round 1 results: That means Raab is knocked out. ForexLive Continue Reading:… Search Web: UK Conservative leadership vote shows Johnson at 126 […]

Results due at the top of the hour Boris Johnson will surely extend his lead. Candidates need 33 votes to survive this round. Rory Stewart will be close to that line. Continue […]

UK firm said it earned 1.5% daily The CFTC alleges that between May 1 and October 31, 2017 UK firm Control-Finance Limited solicited customers to purchase Bitcoin and hand them over. The […]

Lower yields support the yen SocGen’s Kit Juckes is out with a note today making the case for buying the yen on lower sovereign yields. The note was out before Draghi but […]

What’s moving the market today nteresting dynamics in financial markets as we head towards the late Wednesday Fed decision. The expectation heading in is that the Fed will leave the target range […]

Closing changes for the main European equity indexes: ForexLive Continue Reading:… Search Web: European equities love that rate cut talk

White House statement on today’s call The note on regional security is an interesting one. It’s a hint that North Korea could be part of the equation, something Trump has mentioned before. […]

Breaking news A Bloomberg report says the White House explored demoting Chairman Powell and that White House council weighed implications of a demotion. It’s not clear if Trump directed the review, which […]

Comments from White House economic advisor Larry Kudlow: Meanwhile, Lighthizer says a Mexico deal makes a deal with China more likley. ForexLive Continue Reading:… Search Web: Kudlow says sticking with expectations for […]

Crude jumps WTI crude oil is up $2.20 to $54.10 in the best day for crude since January. The hope is that a combination of central bank easing (Fed and ECB) along […]

Draghi in Portugal ForexLive Continue Reading:… Search Web: Draghi: Core inflation remains muted. Our inflation path is converging more slowly

JPMorgan jumps on the cut bandwagon "We now expect the ECB will amend its forward guidance in July and deliver a 10bps deposit rate cut in Sept, initially without tiering," JPM says […]

Comments from the Chinese President: Great signals on the trade war. ForexLive Continue Reading:… Search Web: Xi hopes two sides can keep in contact on resolving disputes

GDT auction results ForexLive Continue Reading:… Search Web: New Zealand dairy auction: GDT price index -3.8%

The shift comes after today’s new home sales report The Atlanta Fed tracker has generally been ticking higher over the past six weeks but takes a small step backwards here. Continue Reading:… […]

It starts now ForexLive Continue Reading:… Search Web: Watch live: Carney and Draghi participate in policy panel

Stocks soar The S&P 500 is near an all-time record. The index is up 36 points today to 2925, the highest since May 6. Two factors have sparked the rally: Continue Reading:… […]

Carney speaks on ECB panel ForexLive Continue Reading:… Search Web: Carney says his comments have no bearing on Thursday’s BOE announcement

Hopes for a deal rising Wouldn’t it be funny if they denied it? ForexLive Continue Reading:… Search Web: China state media confirms Xi did hold a phone call with Trump

Earthquake off the northwest coast The epicenter of the earthquake is 33 km WSW of Tsuruoka. ForexLive Continue Reading:… Search Web: Japan issues tsunami alert after magnitude 6.8 earthquake off coast

Positive news from Trump The good news is piling up for risk assets and the US dollar today. From Trump: "Had a very good telephone conversation with President Xi of China. We […]

Gold rises to $1354 Gold yields nothing, but that’s better than billions of sovereign bonds. French, Austrian and Swedish 10-year bonds hit a zero yield today for the first time after Mario […]

Government to decide on Trans Mountain Pipeline Canadian Cabinet is set to decide today on whether to approve and proceed the Trans Mountain pipeline expansion. The time of the decision isn’t yet […]

Comments from Praet in Sintra: Praet is still talking like he’s at the ECB. ForexLive Continue Reading:… Search Web: Fmr ECB chief economist Praet: ECB will look at tiering if rate cut […]

US housing starts data Starts were down 0.9% but it was only because of a solid revision higher in the April data. I can’t see this data point being any kind of […]

Canada manufacturing data Big miss on manufacturing stales in April but it was auto driven and due to temporary assembly plant shutdowns. The market will look past this number. Continue Reading:… Search […]

Yields fall below zero for the first time You now have the privilege of lending the French government money interest-free for 10 years. Draghi’s comments about rates have led to a big […]

US housing starts are due at the top of the hour The Fed has all it needs to make a decision on rates but will get one final piece of the puzzle […]

Comments from Merkel: Oil is flat today. ForexLive Continue Reading:… Search Web: Merkel: There will be consequences if Iran doesn’t uphold nuclear pact

Forex news from the European morning session – 18 June 2019 Headlines: Markets: – JPY leads, EUR lags on the day – European equities higher; E-minis up 0.6% Continue Reading:… Search Web: […]

Bloomberg reports ForexLive Continue Reading:… Search Web: ECB officials reportedly see rate cut as primary tool for any new stimulus

But really, he’s laying into the Fed ahead of the FOMC meeting tomorrow ForexLive Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it […]

Gold is retesting the year’s highs again today ForexLive With Draghi committing to dovish remarks earlier today, it continues to underscore the ongoing theme of global central banks growing increasingly dovish this […]