On one side of the globe you’ve got the Tweeter in Chief telling us everything is just fine with the economy. – The 31 provincial-level regions of China recorded steady economic performances in […]

US President Trump has been on the twitter and also speaking with media. He has finished, for now, concluding with a warning to China on response to HK protests – says a […]

Trump speaking with media.  Sorta makes you wish he’d stick with twitter. Earlier swings in sentiment from the Prez. Read from the bottom up for chronology. Or don’t bother. Read at random […]

More from US Presdient Trump speaking with reporters – had talks with Apple CEO Cook – spoke about impact of tariffs – Said Cook concerned on competition from (non-tariffed) Samsung  KOSPI, won […]

US President Trump remarks to media – China wants to make a deal, we’ll see what happens – China’s President Xi has something in mind to do with trade – Greenland is […]

Via the ), the paper say they have the full copy of an unprecedented leak of government documents  Sunday Times (gated "This is not Project Fear-this is the most realistic assessment of […]

Speaking on a TV interview, Navarro said More here. Dunno where he was with these comments on the day US equities were getting smashed.  ForexLive Continue Reading:… Search Web: White House trade […]

Trump upbeat on China talks: Whit House economic adviser Larry Kudlow has also been unleashed, doing Sunday television interviews: – "No, I don’t see a recession"  On China talks: Continue Reading:… Search […]

A piece in the Hong Kong press (South China Morning Post) with remarks from a former SAFE (State Administration of Foreign Exchange) official  if you’d like more  Continue Reading:… Search Web: Former […]

German Finance Minister Olaf Scholz spoke on Sunday,  – Said Germany has fiscal strength – is thus able to counter future economic crisis "with full force" — Continue Reading:… Search Web: German Finance […]

Good morning, afternoon or evening & welcome to Monday morning. Monday morning market liquidity is very thin. Prices can swing around on not too much at all, so take care out there. Liquidity improves as […]

Upbeat comments from the Prez.  No details, of course, the market will discount the bluster quickly.  ForexLive Continue Reading:… Search Web: US President Trump tweets ‘doing very well’ with China

What’s coming next for global markets Bonds are painting an ever-dour message on Fed policy, an end to globilsation and slower global growth. We look ahead to next week.  If you have […]

The euro is the linchpin holding everything together, but it’s breaking The euro closed the week at the lowest level in two years but this might be just the beginning. The ZEW […]

Not clear where the tanker is headed A Gibraltar court released the Grace 1 tanker on Saturday and the ship is preparing for departure. The move came despite US objections and appeals. […]

The central bank rundown The weekend is a perfect time for a quick catch up for where the major central banks are at. The central banks will be listed with the most […]

Forex news for NY trading on August 16, 2019 Yes this week, had a day when the Dow and Nasdaq each fell over 3%. However, this week was really about yields.  Continue […]

Major indices close up 1.2% or better The major US indices are closing with provisional gains of 1.2% or better. The numbers are showing – The S&P index rose  41.12 points or 1.44% at 2888.71 For the […]

Forex futures positioning data among noncommercial traders for the week ending August 13, 2019 Highlights: ForexLive Continue Reading:… Search Web: CFTC commitment of traders: GBP shorts trimmed modestly. JPY longs increased.

Fed Chair Powell speaks at Jackson Hole Economic Policy Symposium on Friday The meeting minutes from the last FOMC meeting will be released on Wednesday at 2 PM ET/1800 GMT.   The market is very sensitive […]

Fed’s Mester (non-voter in 2019) speaking. She is generally considered more hawkish. Loretta Mester is speaking. She is a nonvoting member of the Fed in 2019 and is generally considered more hawkish: Continue Reading:… Search […]

Up $0.40 or 0.73% The high price today extended to $55.67, while the low fell to $54.26. …more ForexLive Continue Reading:… Search Web: WTI crude oil futures settle at $54.87

Speaking to the London Times HERE There is little reaction in the GBP on the back the comments in the article.  ForexLive Continue Reading:… Search Web: UK finance minister Javid: Want to […]

Reported earlier today Somehow, I missed the release of the weekly NY Fed GDP Nowcast for 3Q growth. In the current week, the index rose from 1.58% to 1.82%.  The Atlanta Fed […]

MA will be remembered for the bounces on dips… The price of gold is trading down $-9.08 at $1514.21. The low price extended to $1503.77. The high price reached $1528.10 today. Continue Reading:… Search Web: Gold bounces […]

NASDAQ index down only -0.69% on the week.  S&P index -0.94%. Both were down over -3% at the lows for the week The Nasdaq has ticked to a new session high and is down […]

According to sources at Buzzfeed The UK PM Boris Johnson is to meet France’s Macron and Germany’s Merkel next week. This according to Buzzfeed. Continue Reading:… Search Web: Boris Johnson to meet France’s Macron and […]

Minneapolis Fed Pres. Neil Kashkari The Minneapolis Pres. Neil Kashkari speaks on CNN: Kashkari is not a voting member in 2019 ForexLive Continue Reading:… Search Web: Fed’s Kashkari: Recession not base case but […]

Total rig counts 935 versus 931 estimate – oil rig counts 770 versus 762 estimate and 764 last week – gas rig count 165 versus 169 estimate and 169 last week Continue Reading:… Search Web: […]

Oil rigs expected to dip The Baker Hughes rig count for the week of August 16 will be released at the top of the hour. Below are the expectations: The current price of […]

Pres. Trump is sensitive to the stock markets  In another indication on how Pres. Trump is tied to the stock markets, it is being reported that he held a call with three […]

New session lows for USDCAD For the week, the low was reached on Tuesday at 1.31839. The high was reached at 1.33381 yesterday. That fell short of the August high from August […]

Solid gains for the major indices The European stock markets are closed for the day and for the week and they are ending with solid gains after a not so solid trading week: […]

Major indices all up over 1% The US major stock indices are all trading above 1% on the day: Looking at the daily charts of each, the price action this week took the price […]

EURGBP goes back higher  That news has given the EURUSD a lift. The price is back above the 1.1100 level and looks to revisit the high for the day at 1.11115 and […]

According to report from Der Spiegel Der Spiegel is reporting that German government is getting prepared for deficit spending in case of a recession.   Continue Reading:… Search Web: German government is getting prepared […]

Trading consolidates in the AUDUSD The AUDUSD has wandered up and down in trading today.  The early move at the start of the session stalled at the 100 hour MA, the price […]

The clock ticks down to October 31 Olaf Scholz also announced earlier today that he is offering to throw his hat in the ring to lead the center left Social Democratic Party.   Continue Reading:… […]

3Q GDP tracker from the Atlanta Fed In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is  on August 16, unchanged […]

Consumer sentiment data from the University of Michigan: That’s not a great sign. The consumer has been extremely strong this year but this is a forward-looking indicator and it shows that trade […]

The drop in the ZEW survey is ominous The euro has fallen four days in a row and is poised for the lowest weekly close since May 2017. The EUR/USD chart itself […]

Tests end of July/early August swing levels. The EURUSD is lower today. The GBPUSD is higher.  Those pairs are moving in opposite direction to the USD. The algebra of that equation points […]

Stocks start the day strong ForexLive Continue Reading:… Search Web: US stocks extend the bounce off the lows

Moves away from 1.1100 level Yesterday I spoke to the 1.1100-09 area (). Those levels were lows from April, May and July. The price moved below those levels at the end of […]

Tests 100 bar MA on 4-hour chart as well  Drilling to the 5 minute chart below, the pair has not had much of a breather as it trended higher.  So there is […]

July 2019 housing starts: That’s a great reading on permits and is maybe a glimmer of hope that housing is turning on lower interest rates. Here’s a look at permits: Continue Reading:… […]

The USD is mixed The GBP has squeezed higher and trades higher vs all the major currencies today. The CHF is the weakest as "risk on" fears disipate for today. Stocks are […]

What’s coming up At the bottom of the hour we get the July report on US housing starts. The consensus is for a pace of 1256K, fractionally above the 1253K reading in […]

10-year bund yields fall to a fresh record low of -0.72% now ForexLive European bond yields are beginning to fall off again on the day and this could be a sign of […]

OPEC comments in its latest monthly report In the report here, OPEC raised its assessment of consumption for this year and next by 50k barrels per day and also trimmed its projections […]

Forex news from the European morning session – 16 August 2019 Headlines: Markets: – GBP leads, CHF lags on the day – European equities higher; E-minis up 1.0% Continue Reading:… Search Web: […]

GBP/USD holds above 1.2150 as the pound is firmer on the day ForexLive The pair is now trading at fresh one-week highs after briefly touching 1.2161 in the past hour and is […]

An update via a tweet by the London Evening Standard’s political editor No mention of whether or not a second referendum was discussed though. There’s been plenty of stories about this over […]

According to a German government spokesman The focus on the Brexit rhetoric when the UK parliament returns from its summer recess will be can lawmakers work to stop Johnson from pursuing a […]

The dark clouds from earlier in the week are beginning to clear up ForexLive S&P 500 futures are up by more than 1% on the day while Treasury yields are sharply higher […]

USD/JPY rises to a session high of 106.43 ForexLive The move higher comes amid an extra bid in the pound and I would argue that GBP/JPY is leading the move here. Of […]

Latest data released by Eurostat – 16 August 2019 – €20.2 billion; revised to €19.6 billion – Non-seasonally adjusted trade balance €20.6 billion ForexLive Continue Reading:… Search Web: Eurozone June trade balance […]

Gold starts to fall below the 100-hour moving average ForexLive Gold is down to its lows for the day as buyers are showing some exhaustion to the topside move in the past […]

The London Stock Exchange experienced some technical difficulties earlier But the securities are now in the opening auction call and will be open for trading in just under 10 minutes at 0940 […]

Treasury yields are holding higher across the curve ForexLive 30-year yields are staying above 2% with European equities also holding higher. The DAX is trading up by nearly 1% now, recovering after […]

EUR/USD falls to 1.1087, the lowest level since 2 August ForexLive It’s not a massive move by any means but we are seeing the dollar firm across the board as EUR/USD slips […]

The pair is sitting in a near-term wedge at the moment ForexLive If you measure back to last week, price action has been sitting in only a 200 pips range between 71.00 […]

North Korea is believed to have fired two projectiles into the sea earlier today ForexLive The fact that North Korea feel at ease to carry out these tests again goes to show […]

Daily thread to exchange ideas and to share your thoughts Equities are holding firmer and Treasury yields are also higher across the curve as we begin the session. As such, the aussie is able […]

Cable climbs back above 1.2100 to a session high of 1.2122 ForexLive Buyers have seized back near-term control on the day upon breaking above the 200-hour MA (blue line) but the real […]

S&P 500 futures are now up by more than 21 points ForexLive That’s roughly 0.7% gains as we begin the European session. Fear is starting to abate and the bond market is […]

Better risk mood and stimulus talks are feeding into early gains – German DAX futures +0.6% – French CAC 40 futures +0.6% – UK FTSE futures +0.7% ForexLive Continue Reading:… Search Web: […]

Asian equities take heart in the calmer risk mood European equities are also slated to rebound firmly at the open later – also boosted by ECB stimulus talk overnight – so that […]

All good down under Yesterday’s July Australian employment data was excellent last night as reported by Eamonn: Employment Change +41.1K – huge beat  ForexLive Continue Reading:… Search Web: Australian’s July Employment data keeps […]

Major currencies are more calm as we begin the session ForexLive The slightly better risk mood in markets is allowing for the aussie to hold mild gains as we begin the European […]

Sellers are looking to chew through bids at the figure level ForexLive The euro moved lower in overnight trading after ECB governing council member Olli Rehn suggested that at its September monetary […]

That will be the key question that traders will have to answer ForexLive S&P 500 futures are up by 0.6% near the highs for the day currently as markets are exuding more […]

A light one on the data docket to wrap up the week ForexLive There is little on the economic calendar to really shake things up as we close out the week. As […]

 Forex news for Asia trading Friday 16 August 2019 AUD and NZD were movers here today. Neither is too much changed on the session but relative to others the two have been […]

What a week. The latest for  the Australian dollar is some bids via AUD/NZD buyers alongside a better tone for risk. AUD/USD has taken out its overnight high but so far has […]

JPM say the Bank of Japan may allow further falls in JGB yields even after the 10 year dropped to its lowest since 2016 earlier today. – minus 0.255%, which is their […]

UBS say they expect the Reserve Bank of New Zealand  to have cut the cash rate in NZ to 0.5% by February 2020 ForexLive Continue Reading:… Search Web: Another updated call for […]

Some comments from China’s National Development and Reform Commission (NDRC) – to roll out a plan to boost people’s disposable incomes for 2019 – 2020 – to persist with deleveraging and avoiding risks […]

Banco de México governor Diaz De Leon in an interview On Thursday the . Bank of Mexico delivered a surprise 25 basis point rate cut Follow up interview with the Gov.  Continue Reading:… […]

The likelihood of intervention from the US in the dollar has been swirling for a few months now. This really in brief snippet from Citi indicates they see it as more likely: […]

Via Xinhua, with the reference to terrorism again in response to protestor actions. Link to the article here This could be a very interesting weekend in Hong Kong indeed. Not in a […]

People’s Bank of China  The estimate I had seen via Reuters was for a rate of 7.0306. The uncertainty each day stems from the PBOC’s ‘countercyclical factor’. No one knows what that […]

EUR/USD –  1.1000 749m EUR –  1.1080 523m –  1.1100 952m –  1.1200 685m  USD/JPY –  105.00 1.8bn USD –  105.80 508m –  106.50 355m  GBP/USD Continue Reading:… Search Web: FX option […]