Forex news for New York trade on January 17, 2020: Markets: The big surprise of the day was the 16% jump in US housing starts in the third month in a row […]

US equity performance on Friday On the week: The gains have been non-stop in large caps but it hasn’t been quite the same party in small and mid-caps. I’ll be watching the […]

Germany continues to producer a fiscal surplus This was never in doubt. Here’s the from Fitch. report ForexLive Continue Reading:… Search Web: Fitch affirms Germany at AAA with a stable outlook

Weekly FX futures positioning data from the CFTC: The trend in the past month in GBP/USD hasn’t exactly reinforced the quick shift to the largest net long since April 2018. Continue Reading:… […]

Natural gas prices crater Mild weather in the US and massive shale production in the US has led to an abundance of natural gas in the US. The aim is to one-day […]

Swiss franc strength isn’t what you expect to see in a run-away week for stocks It’s rare to see the Swiss franc and Japanese yen at opposite ends of the FX leaderboard. […]

A lot of the big names are still ahead but some interesting names reporting next week Tuesday, January 21 Wednesday, January 22 Thursday, January 23 Friday, January 24 Continue Reading:… Search Web: […]

Baker Hughes rig count for January 17 This is the 1st gain in oil rigs in the last 4 weeks. The price of crude oil futures trade at $58.30 $-0.22 or -0.38%. […]

Crude oil is trading currently at $58.45  The estimate for oil rigs this week is at 655. Crude oil is currently trading at $58.45, down $0.07 or -0.13%. The high price reached […]

Fed Quarles speaking in Washington on banking supervision Fed’s Quarles is speaking in Washington on banking supervision at the American Bar Association banking Law committee annual meeting.   Continue Reading:… Search Web: Fed’s Quarles […]

Atlanta Fed GDPNow forecast for January 17, 2020  The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is  on January 17, unchanged from January […]

Low today stalls at 200 bar MA on 4-hour The NZDUSD moved down and up and back down in trading this week. The high was reached yesterday at 0.66646. The low on […]

France’s CAC closes at a record high , France’s Cac closed at the highest level since July 2007 and just off the all-time high of 6168.15. The index is closing at around 6100. […]

Housing starts, JOLTs job openings and Retail sales contributed to the gain this week The New York Fed Nowcast forecast for 4Q GDP growth has ticked up to 1.2% from 1.1% last week. Continue Reading:… […]

The 200 hour MA comes in at 0.9695 The USDCHF has recovered higher in trading today. The move higher actually began yesterday after the pair reached the lowest level since the week of September […]

I spoke to BNNBloomberg about the changes in the market The trading themes of 2019 were 1) the US-China trade war 2) Brexit 3) Central bank easing.With the signing of the phase […]

The low from last week and the month is at 1.1084. The EURUSD is continuing the move to the downside and in the process has moved within a if you pips of the low from […]

The 200 hour, 200 bar MA on 4-hour and 200 day MA have all been broken The AUDUSD has moved to a new session low for the day and the week too, […]

What’s next for the pound It’s been a brutal whipsaw today in the pound after a dismal December retail sales report that showed: The prior readings were also revised lower. ForexLive Continue […]

US November job openings and labor turnover survey highlights ForexLive Continue Reading:… Search Web: US November JOLTS 6800K vs 7250K estimate

January consumer sentiment data from the University of Michigan Details: These numbers are very close to what was expected. Even the climb in inflation expectations simply puts it back to where it […]

Harker in the Q&A The Fed will never say ‘no’ to Wall Street. They haven’t done it in more than a decade. ForexLive Continue Reading:… Search Web: Harker: Fed interventions in the […]

Dow lags The major US indices are opening at new record levels with the NASDAQ leading the way. The Dow is lagging. A few minutes into the opening is showing: Continue Reading:… Search Web: […]

Stay above the 100 hour MA keeps the bulls in control The USDJPY technical story has been similar all week.   The basic technical theme is : The price is currently trading at […]

Stocks set to open higher The S&P 500 roared ahead with a 27-point gain yesterday to a record close at 3316. Futures point to another 8 point gain at the open today. […]

December industrial production data This is a disappointing reading with a negative revision. The hope is that US manufacturing picks up in the next few months on a bump in orders following […]

Below the Tuesday low at 1.11038 The EURUSD is trading to a new week low at 1.10973 and trade just off that level as I type. the Tuesday low at 1.11038 was […]

EUR/USD under pressure The euro is cementing its reputation as the funder of choice so far this year and today’s price action hammers home the point. It’s down 35 pips to 1.1102 […]

Harker comments: The headline is notable because once they arrive at the target, a few hawks are going to break away and start pushing for hikes. Since the Fed is the one […]

100 hour MA stalls the fall The GBPUSD moved to test it’s 50% retracement at the 1.31185 ahead of the December retail sales report and found some profit taking sellers.  Nevertheless, the prices just 11 […]

US December housing starts That’s the largest one-month jump since October 2016 and unlike that number it wasn’t preceded by a big dip the month before. In fact, the past two months […]

Canada international securities transactions for November 2020 the foreign divestment in Canada private corporate securities was in all types of instruments led by bonds. Foreign holdings of Canadian private corporate bonds are […]

Housing starts up first Low interest rates have given the US housing market a bump, but not a jolt; at least not yet. The housing starts number for December is due at […]

TGIF….The USD is higher As North American traders enter for the day, the JPY is the strongest and the NZD is the weakest.  The USD is higher vs. all the major currencies […]

Forex news from the European morning session – 17 January 2020 Headlines: UK retail sales has not posted a positive monthly reading since July 2019 Markets: Continue Reading:… Search Web: ForexLive European […]

Some reassuring words after the GDP data seen earlier today – China will continue to cut taxes on a large scale in 2020 – To keep economic operation within a reasonable range […]

The OIS market sees ~73% odds of the BOE cutting its bank rate on 30 January ForexLive That is up from ~60% from before the was released today. A 25 bps rate […]

S&P 500 futures up by 8 points currently ForexLive The equities market continues to be in a more cheerful mood as we look to wrap things up on the week. Investors are […]

Says that "it is up to our American friends to make a move in the coming days" here ForexLive This could potentially be one of the more key themes in markets in […]

Latest data released by Istat – 17 January 2020 – CPI +0.5% vs +0.5% y/y prelim – HICP +0.2% vs +0.2% m/m prelim – HICP +0.5% vs +0.5% y/y prelim ForexLive Continue […]

Latest data released by Eurostat – 17 January 2020 – Final CPI +1.3% vs +1.3% y/y prelim ForexLive The preliminary release can be found . The figures are in-line with initial estimates, […]

Latest data released by Eurostat – 17 January 2020 – -1.0%; revised to -0.5% – Construction output +1.4% y/y – Prior +0.3%; revised to +0.9% ForexLive A decent improvement in construction activity […]

UK retail sales failed to show growth for five consecutive months despite Black Friday sales, the longest stretch since ONS records began in 1996 ForexLive The data was largely disappointing and has […]

Latest data released by ONS – 17 January 2020 – -0.6%; revised to -0.8% – Retail sales +0.9% vs +2.7% y/y expected – Prior +1.0%; revised to +0.8% – Retail sales (ex […]

Cable is at session highs, testing the 1.3100 level ForexLive There are some offers resting at the figure level that is keeping price action capped for the time being but from a […]

Latest data released by the ECB – 17 January 2020 – €32.4 billion; revised to €35.8 billion ForexLive Slight delay in the release by the source. The current account surplus eases a […]

Comments by Iranian supreme leader, Ali Khamenei – Soleimani killing was a disgrace for the US administration – Increasing sanctions on Iran should not be a response The hot topic in geopolitical […]

Traders are trying to find a new theme to latch on to ForexLive It’s been a rather subdued start to the European morning for major currencies, with less than 10 pips change […]

The yuan has been keeping more firm amid the US-China trade deal but we are likely to see the currency find more stability this year ForexLive USD/CNY is resting at six-month lows […]

Stocks in Europe are tracking overnight gains in Wall St – Eurostoxx +0.4% – Germany DAX +0.6% – France CAC 40 +0.5% – UK FTSE +0.3% – Spain IBEX +0.5% ForexLive Continue […]

The release today will include activity from Black Friday sales ForexLive I warned about that already in a previous  last month, and that if you are to gauge UK retail sales activity […]

Latest data released by the Federal Statistics Office – 17 January 2020 – -0.4% – Producer and import prices -1.7% y/y – Prior -2.5% ForexLive A mild improvement in producer prices to […]

USD/JPY trades narrowly to start the day but is keeping at seven-month highs ForexLive The pair continues to sit around 110.20-25 to start the session, the highest levels since 23 May 2019. […]

Wall St gains overnight buoy sentiment in early trades – German DAX futures +0.5% – French CAC 40 futures +0.3% – UK FTSE futures +0.2% ForexLive European equities failed to join in […]

Currencies still fast asleep to start the European morning ForexLive There is little change among major currencies to start the day as market participants continue to stay more settled in the aftermath […]

Risk is on after deal, but watch for a fall Trouble ahead for the ASX 200? The bloomberg piece I read yesterday made a good case for further trouble ahead for the […]

Daily thread to exchange ideas and to share your thoughts Wall St continued to push fresh record highs in overnight trading but the risk mood to start the day remains more modest as investors […]

Japanese stocks follow Wall St higher to end the week Both the Hang Seng and Shanghai Composite indices are down by 0.1% going into the final stages of the week. Meanwhile, US […]

The S&P 500 surpasses 3,300 for the first time yesterday ForexLive The big question in markets is whether or not we are going to see a retracement/correction in the rampaging run in […]

Comments by Japanese economy minister, Yasutoshi Nishimura That said, don’t expect all of this to significantly change the overall landscape of the Japanese economy and BOJ policy. All this does is serve […]

UK retail sales data coming up in the European morning Major currencies continue to stick with narrow ranges with record highs still seen in Wall St during overnight trading. USD/JPY is keeping […]

Forex news for Asia trading Friday 17 January 2020  China’s Q4 and full 2019 year GDP was published today (see bullets above, but in brief): FX response was little more than a […]

This data point indicates the total value of services purchased by Japanese businesses over the month +1.3% m/m in November  – expected 1.0% – prior -4.6% Another bit of encouragement for the Japanese […]

Each month the labour market report from Australia is the data point to watch (narrowly edged out in overall popularity by the NZ Truckometer of course …. I jest) Continue Reading:… Search […]

China’s data is here from earlier, not too shabby: A summary of comments on the releases from ING here in APAC: — ps FX response has been subdued. AUD, for example, is […]

Japanese Prime Minister Shinzo Abe speaking to the release: says he seeks a year of stability and growth ForexLive Continue Reading:… Search Web: Japan’s cabinet office releases mid-term economic projections

Stats bureau chief Ning says  – China will maintain proactive fiscal policy and prudent monetary policy in 2020 – China will ensure economic growth in a reasonable range in 2020 Continue Reading:… […]

I posted on this several hours ago here: And further as it was picked up in media following: A major financial news wire, Reuters is now picking it up. ForexLive Continue Reading:… […]

The stats bureau head with a statement on the data: Says China’s economy showed positive changes in Q4 – especially in  November and December  ForexLive Continue Reading:… Search Web: China stats bureau […]

The post is here from earlier: CNN is now picking this up. — You’ll recall that US officials said after the attack (16 missiles fired at US interests in Iraq from Iran) […]

While the GDP for 2019 in China was a slight disappointment the more timely December activity data has made up for it: Chinese stockmarkets are higher on the data, as is the […]

China ‘activity’ data for the final month of 2019 – a couple of beats … beats everywhere! Industrial Production 6.9% y/y  and a solid beat – expected 5.9%, prior was 6.2%   […]

China Q4 GDP comes in at 6.0%  … in line – expected is +6.0% y/   – prior was +6.0%  y/y And for the whole of 2019: 6.1% for a slight miss.  […]

Some of the injuries are reportedly quite sever: – At least 11 US soldiers were injured in the Iranian missile attack on Al Asad Base in Iraq last week. You will recall […]

People’s Bank of China  Injects 200bn yuan via 14 day RRs today. For the week injects a total of 900 bn yuan – 600 bn yuan through 14-day reverse repo – 300 […]

EUR/USD  USD/JPY  GBP/USD  AUD/USD  USD/CAD  EUR/GBP ForexLive Continue Reading:… Search Web: FX option expiries for Friday January 17 at the 10am NY cut

South Korea’s central bank leaving its benchmark rate unchanged. – as unanimously expected. We are beginning to get ‘green shoots’ in Asia with exports improving in December (data from Singapore, Japan, Taiwan […]

Singapore non-oil domestic exports (NODX) in December +1.1 % m/m seasonally adjusted (Reuters poll -1.3 %) – +2.4 % y/y (-1.8 %) A nice beat indeed!  NODX to US +8.5 % y/y […]

reports on election year stimulus plans by the US administration – Fox not naming sources: Fox Business I hope there is not too much outrage over this, its not like no one […]

Reuters poll in 60 economists on the European Central Bank  – 47 of the 60 say Eurozone growth has bottomed out (but won’t necessarily bounce much) – 46 of 57 say the […]

Phil Hogan is the European Commissioner for Trade, was in talks with the US on Thursday and via a Bloomberg interview now: – EU is seeking to reset the trade relationship with […]

It was way back in July last year, so ICYforget too I guess …  The process is moving forward, Trump formally nominating them now, sending to the Senate for approval: Continue Reading:… […]

JP Morgan says the Swiss franc will perform better than the USD ahead. Citing: Federal Reserve not willing to hike rates CHF inclination to perform in low-yielding environment Continue Reading:… Search Web: […]