HSBC weighs in with their thoughts on the ECB’s next monetary policy steps ForexLive Adds to the growing chorus as seen earlier today: Continue Reading:… Search Web: ECB to cut deposit rate […]

Comments by Russia’s deputy foreign minister – US is deliberately raising tensions around Iran – Says that US would rather impose new sanctions instead of seeking dialogue ForexLive Continue Reading:… Search Web: […]

Comments by Ifo economist, Klaus Wohlrabe, after the report earlier – Order books are well-filled in the construction sector but doesn’t expect new ones – US-China trade dispute is the main cause […]

More Powell to come during the week Given the topic of his speech and the recent Fed meeting, he could choose to communicate a clearer message on what to expect ahead of […]

Latest data released by Ifo – 24 June 2019 – Prior 97.9 – Expectations 94.2 vs 94.6 expected – Prior 95.3 – Current assessment 100.8 vs 100.3 expected – Prior 100.6 ForexLive […]

Latest data released by the SNB – 24 June 2019 – Domestic sight deposits CHF 465.9 bn vs CHF 467.6 bn prior Prior week’s release can be found . Little change in […]

Comments by China’s foreign ministry – Says no comment on whether or not FedEx will be on ‘unreliable list’ A continued development of the story as reported earlier today . There’s no […]

WTI is up by more than 1% on the day now ForexLive Oil prices are at session highs again now as ongoing geopolitical tensions between the US and Iran continues to help […]

Daily thread to exchange ideas and to share your thoughts The dollar is holding a little weaker following last week’s losses but trading ranges for the most part remains relatively narrow. The aussie is […]

Just in case you’re worried he wouldn’t show up ForexLive Continue Reading:… Search Web: China confirms Xi’s travel plan this week: To travel to Japan on 27-29 June

According to the latest Reuters poll conducted among 45 economists – 80% expect the ECB to either cut its deposit rate further and have a tiered system or tweak forward guidance ForexLive […]

Flat tones observed in early trades – German DAX futures -0.2% – French CAC 40 futures -0.1% – UK FTSE futures +0.1% – Spanish IBEX futures flat ForexLive Continue Reading:… Search Web: […]

Equities waver a little to start the week as focus turns to Trump-Xi meet As such, trading sentiment remains rather mixed for the moment with traders still finding their footing to begin […]

Reckon that’s a mic check to see if there are any gullible voters out there – Brexit must be delivered – One cannot be prime minister without answering questions ForexLive Continue Reading:… […]

Markets still finding its footing to start the new week ForexLive The greenback is in a mixed mood – slightly weaker – to begin the morning following losses seen last week, whereby […]

Beware taking revenge on the markets Revenge is one of the most poisonous emotions we can feel, acting on it brings a cycle of destruction into our lives in life and in […]

Commentary by the firm’s chief economist, Bill Evans ForexLive The RBA will meet again next Tuesday and currently, the cash rate futures indicate that there is a ~84% probability of the central […]

Iran not shying away from further confrontation If anything else, OPEC+ should be wary that this is merely a sideshow and that they still need to address the issue of oversupply in […]

June CPI data will provide markets with more clarity about inflationary pressures in the euro area ForexLive With the ECB already hinting at rate cuts and laying out the groundwork to head […]

Latest data released by the Japanese Cabinet Office – 7 June 2019 – Coincident index 102.1 vs 101.9 prelim ForexLive Slight delay in the release by the source. Preliminary figures can be […]

Is the upside momentum in the dollar over? ForexLive It was a rough week for the dollar after the FOMC meeting last week as the Fed’s change in stance led to a […]

Tensions continue to escalate between the US and Iran Here’s a couple of Trump tweets on Iran over the weekend, which includes calling for more sanctions to be implemented: Continue Reading:… Search […]

A light one on the calendar to kick start the week Happy Monday, everyone! Hope you all had a great weekend and that you’re doing well today. There’s been modest movement among […]

To offer a 30K NZD to 50K NZD deposit protection plan – Would cover 90% of deposits Announcement from finance minister Grant Robertson. ForexLive Continue Reading:… Search Web: New Zealand plans to […]

Forex news for Asia trading Monday 24 June 2019 Bitcoin was a big mover the weekend, above 11,000USD at one stage. Gold moved higher when GLOBEX re-opened Sunday afternoon Chicago time. XAU/USD […]

Darwin is capital of the Northern territory. Some buildings have been evacuated in the city. – 7.2 magnitude earthquake originating in the Banda Sea – depth of 207 kilometres Continue Reading:… Search […]

Weekend news, this via the Wall Street Journal   – Trump administration examining whether to require 5G cellular equipment used in the U.S. be designed and manufactured outside China This comes in […]

NZ data, credit card spending for the month of May 2019 0.4 % m/m – prior +0.6%  – prior +4.5%  ICYMI (the focus in NZ this week): ForexLive Continue Reading:… Search Web: […]

Adds that: – Both teams are making preparations for the Xi-Trump meeting – China and US should be willing to make compromises in trade talks and not insist only on what each […]

A Bloomberg interview with Martin Lakos, division director at Macquarie Wealth Management On gold, but also Federal Reserve, RBA and RBNZ monetary policies. Continue Reading:… Search Web: Macquarie says gold still has more […]

Reserve Bank of Australia Governor Lowe spoke earlier, posts: While I focused on his policy comments the local press here in Australia, the , focus on some dissonance Lowe noted: Continue Reading:… […]

Earlier from Citi on the European Central Bank   More, this via ABN: We expect a 10bp cut in all of the ECB’s main policy rates in September  After the June meeting […]

The Reserve Bank of New Zealand  policy announcement is due June 26 at 0200GMT Earlier previews: Via BNZ (this in brief, bolding mine): Thus, no cut at this meeting. But, there is […]

People’s Bank of China deputy governor (ps there is a lot of them) Chen Yulu  – G20 must strengthen policy coordination – global economic uncertainty rising Continue Reading:… Search Web: PBOC dep […]

Certain countries? Vice Commerce Minister Wang referring to the US as Voldemort I guess. – tariffs by certain countries are a threat to world economy – G20 meetings to be candid and […]

People’s Bank of China – setting the mid rate for the onshore yuan today – Friday’s rate for the CNY against it basket was 93.23, up 0.18 from the previous Friday Continue […]

EUR/USD  – 1.1270 709m euro – 1.1325 679m  – 1.1395 692m  – 1.1400 802m USD/JPY  – 106.00 400m USD – 106.50 862m  – 107.00 372m  NZD/USD  Continue Reading:… Search Web: FX option […]

China’s assistant foreign minister Zhang Jun says the international community recognises harm from protectionism – world economy facing rising risks – G20 should ensure unity and cooperation Says Xi will have a […]

Those forecasts for the euro against the US dollar are via CIBC, citing: June ECB adjustments will reverberate through the economy for a considerable amount of time, impacting the options available to […]

Kitco reports on a purchase by Russia (the Russian central bank)  ( citing Russian central bank press release) Kitco – buying another 200,000 ounces or 6 tonnes of gold in May Russia […]

M 5.5 earthquake hitting Tokyo area, Chiba prefecture, this Monday morning, June 24 JMA says Magnitude 5.5 Rates 4 on the Japanese 7 point scale There has been no tsunami alert issued […]

RBA Governor Lowe is speaking as part of a panel, his comments reported here: This remark: – it is legitimate to ask how effective monetary easing would be globally And this one: […]

Reserve Bank of Australia Governor Lowe is speaking on a panel in Canberra – global economy has slowed – global growth still reasonable – risks tilted to downside Continue Reading:… Search Web: […]

Via Reuters poll of what to expect from the Reserve Bank of New Zealand  (monetary policy decision due at 0200GMT on June 26) POLL-New Zealand c.bank to hold steady this week but […]

EY ITEM Club produces quarterly UK economic forecasts. Report via Reuters.   – expects spending to rise by 1.6% y/y  – Consumer spending benefited from robust employment growth and a strong pick-up […]

A client note from Bank of America / Merrill Lynch say that there is a rising risk of intervention from the US to combat a strong US dollar. Trump administration would couch […]

Gold is on the move early – following on from its rise last week its above 1400 and on approach to 1410USD Daily chart – check out an intra-day chart (orexlive has […]

The Reserve Bank of New Zealand monetary policy meeting is this week (announcement due June 26 at 0200GMT). New Zealand Institute of Economic Research () ‘Shadow Board’ recommends the Reserve Bank should leave the […]

One for the Australians and New Zealanders. Comments from RBNZ Governor Order on ANZ Bank.     This in relation to capital adequacy – Orr says ANZ remains sound and well capitalised RBNZ […]

Turkish lira has gained following the weekend election. – Opposition has won Istanbul mayor election – USD/TRY circa 5.7380 If you are wondering what Istanbul’s mayor impact on monetary policy or pretty […]

What’s better than issuing bad news after markets close on a Friday? issuing bad news on a Sunday. – Porsche says it’ll recall nearly 100,000 cars in the US and Canada (for […]

The data calendar is pretty much empty for the session here. rbaa Reserve Bank of Australia Governor Lowe is speaking. At 2330GMT – Described on the RBA website as: Lowe spoke last […]

I posted earlier BJ had written in his column I the UK Telegraph that the UL ‘will and must’ leave the EU on Oct31 Just noticed, its a front page column! Question […]

China’s Global Times says FedEx is likely to be added to China’s ‘unreliable entities list’.  Citing the courier’s failure to deliver a Huawei package to the United States Continue Reading:… Search Web: […]

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 […]

BJ writing in his column in the UK Telegraph  – must and will leave on Oct 31 ForexLive Continue Reading:… Search Web: UK PM hopeful Boris Johnson says again UK must Brexit […]

Now at Citi, ex Special Adviser to ECB President Draghi Arnaud Marès forecasts: – A cut to the depo rates in September, 10bp cut Also, additional QE to be announced, to begin in October:  […]

In BoE Governor Carney’s maiden House speech he outlined (in brief) plans to open overnight deposit facilities to  financial technology companies.  Continue Reading:… Search Web: BoE’s Carney to allow crypto companies to deposit […]

BTC/USD traded through 10,000 USD over the weekend Interest in the crypto has heightened again after it formed a base and then launched higher in past weeks. For example: Continue Reading:… Search […]

UP President Trump spoke in a TV  interview on Sunday.  Trump reiterated he has the right to demote Powell but never threatened to do so – "." Says the Fed has jacked […]

US President Donald Trump has  said over the weekend he’ll impose "major" additional sanctions on Iran.  – economic pressure will be maintained This comes as Iran says it’ll be exceeding the limits […]

Welcome to the new forex week! Its Monday morning and a time of thin liquidity.  An early guide: EUR/USD 1.1374 NZD/USD 0.6591 Not too much weekend change …. but check out BTC! […]

Watch the depth of the correction. It will tell you if the buyers are still in control The price of bitcoin on Coinbase surged above $10k and then 11K on Saturday. The […]

GS note CNH, and other Asian currencies, strength approaching the G20 meeting next week (June 28 and 29), and are looking to short CNH. Citing that even if there is some sort […]

Good morning, afternoon and evening all, hope everyone is having a great weekend so far! Any charts, technical analysis, trade ideas, thoughts, views,you’d like to share and discuss with fellow ForexLive traders, […]

Forex news for FX traders on January 21, 2019 A snapshot of other markets near the end of the trading week are showing: – spot gold plus $10.57 or 0.76% at $1399. […]

Federal Reserve Stess test shows passing grades ForexLive Continue Reading:… Search Web: Federal Reserve Bank: 18 largest banks operating in the US pass first step of annual stress test

Dow gives up gains and ends in the red.  Nasdaq the worst performer The major stock indices are ending the up-and-down session in the red. The Dow, that was higher for most […]

Weekly Forex futures that noncommercial positioning data for the week ending June 18, 2019 – EUR short 52K vs 87K short last week.  – GBP short 53K vs 45K short last week. Shorts […]

Up $0.36 or 0.63% The price of WTI crude oil futures are settling the day and the week at $57.43. That is up $0.36 or 0.63% on the day.   The high for […]

He makes it a binary decision but what is "great"? Peter Navarro is on the wires saying: So what he says is a binary decision. It’s one or the other. What we […]

There is something above 1.2727 The GBPUSD has been above the 1.2727 area this month but there have also been a number of swings against the level.  We are back up testing […]

Price moves above 200 week MA, June highs and 200 day MA and stops triggered The levels are no secret. The June highs at 1.1343 and 1.1346, the 200 week MA at […]

Trading back above the 200 hour MA As the EURUSD breaks above the 200 day MA for the first time since May 2018,  the EURJPY is also having a strong move higher […]

What were the biggest market movers this week The US dollar was beaten up this week on the dovish turn from the Fed. It wasn’t the only central bank that pointed to […]

Weekly US oil and gas rigs – Prior was 788 – Natural gas rigs 177 vs 181 prior The count is down by 1, which is a negligible move. However it’s increasingly […]

June 7 high at 1.13469 and 200 day MA at 1.13508 still above… The price of EURUSD just reached to the lower highest high for June at 1.13431. The high just reached […]

$10,000 in traders view The price of bitcoin on Coinbase is currently trading up about $228 at $9789. The high reached $9929. The low extended to $9460.97.  The $10K level is in […]

Comments from Brainard: I agree with everything Brainard writes here, the problem is that all of this was equally true in December, when the Fed was hiking. ForexLive Continue Reading:… Search Web: […]

Jeff Gundlach thinks it is Fledgling bond king Jeff Gundlach tweeted about the US dollar index late yesterday, saying it was the moment of truth as it flirted with the 200-day moving […]

Some up and some down to end the trading week The European markets are closed and the major indices are ending the week with mixed results today. The numbers are showing: Continue […]

Hu Xijin, editor in chief of the Global Times tweets Hu Xijin, the editor-in-chief of China’s Global Times, is tweeting that China is concerned about the fairness of a trade deal the […]

Actually moved from 1.36% to 1.39% but rounded it remains at 1.4% The NY Fed GDP Nowcast estimate for 2Q GDP remains unchanged at 1.4% in the current week. Below are the […]