Melbourne goes back into lockdown The full announcement can be found . On the front of things, authorities are painting it more as a "stay at home" order but it is essentially […]

Daily thread to exchange ideas and to share your thoughts The RBA was a rather non-event but the state of Victoria looking to call for a six-week lockdown in Melbourne could add some spice […]

Latest data released by the Japanese Cabinet Office – 7 July 2020 – 77.7 – Coincident index 74.6 vs 74.6 expected – Prior 80.1 Slight delay in the release by the source. […]

Is a statewide lockdown incoming? here Just be mindful of this as it may have a further impact on the aussie later today. A 6-week lockdown in Melbourne is expected to be […]

The full statement of the 7 July monetary policy decision by the RBA At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash […]

RBA announces their latest monetary policy decision – 7 July 2020 – 0.25% Pretty much a relative non-event here as the RBA maintains a similar language for the most part in its […]

Atlanta Fed president, Raphael Bostic, speaks in an interview with the FT The recent virus developments also adds to that uncertainty and will only mean that the Fed will keep its more […]

Chinese stocks off to a good start once again But this time around it isn’t quite lifting general sentiment across the board. US stocks closed higher yesterday but the overall coronavirus situation […]

It should be a rather non-event June meeting Market developments have remained calm since then but the past week or so has seen the virus situation in the state of Victoria worsen […]

I posted this head shaker earlier: More from Jeffries now, showing the US is well short of recovery and indeed it may well flattening out (graph via Sober Look): Continue Reading:… Search […]

All four of China’s major state-owned financial media outlets have front page commentaries on the stock market today – All pieces say pretty much the same – calls on market participants to […]

Earlier news on the app:    Continue Reading:… Search Web: US Sec State Pompeo says US is certainly looking at a ban on TikTok

Forex news for Asia trading Tuesday 7 July 2020  A big mover in FX was the Australian dollar, hit on news of a continued and accelerating surge in coronavirus cases at chatter […]

COVID-19 cases have had a very strong jump in the state’s capital city of Melbourne  A nationwide newspaper here reporting the state leader is considering reimposing lock donw restrictions Continue Reading:… Search […]

Company says that in light of recent events "we’ve decided to stop operations of the TikTok app in Hong Kong"   Continue Reading:… Search Web: Tik Tok will stop operation of its […]

Earlier numbers out of Tokyo above 100 again: Suga says he sees no need to restrict movement on coronavirus for now  – He also mentions that there have been 50 deaths in […]

You’ll see plenty about on potential tax hikes for firms if Biden wins. JPM say no …  JPM think he is unlikely to wind back corporate tax cuts as much as expected […]

GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday,  – the results will come out in the hours following For the kiwi traders its worth keeping an eye on price developments […]

CSI300 also up more than 2% to open Pick your reason: This helped from yesterday also: more to come   Continue Reading:… Search Web: Stocks in China off to a flying start, […]

Citi forecasts for the price of gold: More: Continue Reading:… Search Web: Citi on gold’s multi-year bull cycle – higher prices ahead (but not yet)

People’s Bank of China mid-rate for on shore yuan for the day PBOC skips open market operations Offshore yuan has been surging against the USD: Continue Reading:… Search Web: PBOC sets USD/ […]

EUR/USD  USD/JPY  GBP/uSD  AUD/USD  NZD/USD Continue Reading:… Search Web: FX option expiries for Tuesday July 07 at the 10am NY cut

How long before the capital city, Melbourne, is back in lockdown?  191 the figure about, awaiting confirmation    more to come   Continue Reading:… Search Web: Australian Victoria state new coronavirus cases […]

Yes, really: The main risk to equities in the coming quarter is that V-shape recovery expectations suddenly return with a vengeance, yield curves steepen and concerns rise that the Federal Reserve is […]

Reuters collating the Texas numbers, taking into account the weekend backlog – 8,323 is a record daily increase Meanwhile from China, Beijing cranks out a zero for new cases for the preceding […]

Analysts at Citi continue to see an oil price recovery and have increased their average forecasts for Brent and WTI  For Q3 2020: – US$39/bbl and $37/bbl respectively  For Q4 2020: Continue […]

Adds that branches will re open on a case by case basis.  Economies (think of economies as a collection of people with jobs and obligations and what have you, not just as […]

Earlier: RBA monetary policy decision due on Tuesday 7 July 2020 – preview This now in brief via TD: On the AUD:  AUD scenarios: Continue Reading:… Search Web: RBA monetary policy meeting […]

This data point is unlikely to move forex upon release Labor cash earnings -2.1% y/y – expected -1.0% y/y, prior -0.7% Real cash earnings -2.1% y/y  Continue Reading:… Search Web: Japan wages […]

ANZ/Roy Morgan survey, confidence falls to an 8-week low ANZ comments  – consumer confidence in economic conditions deteriorated – While the return to lockdown has so far been localised to 12 Melbourne postcodes, […]

The count of COVID-19 cases newly confirmed in the capital for July 6 is in, at 102 I’m awaiting the number from Australia, yesterday’s was over 100 just in the city of […]

The US has threatened to impose tariff duties on EU goods such as beer, gin and olives. This is part of the 15 year trade ware the two have been engaged in […]

The NZIER QSBO was out earlier:  Chief economist of NZIER interviewed by bbg Bloomberg says: activity gauge indicates annual GDP fall will be 2% in Q2 not as severe  Continue Reading:… Search […]

One of President Trump’s key allies and partner in denial of the virus. Bolsonaro has cancelled events while awaiting test results.  Let’s hope he does not have it, or if so he […]

Australia Australian Industry Group Performance of Services Index is lower on the month at 31.5 Well, that sucks. Last week was the other services PMI from Australia  Continue Reading:… Search Web: Australia […]

New Zealand Institute of Economic Research QSBO survey was conducted over the main period of the COVID-19 lockdown. Confidence -63% –  (prior -70%) Main points, in summary: Continue Reading:… Search Web: NZ […]

UK Chancellor Sunak is considering a six-month stamp duty holiday  as part of tax changes in his autumn Budget: He is to deliver the report on Wednesdy Latest word from the UK […]

Bank of England Governor Andrew Bailey was set to meet with Conservative MPs on Wednesday – 1922 committee Postponed now.  Chancellor Sunak is scheduled to deliver a statement on Wednesday, it appears […]

Bloomberg with the headline citing NK state media KCNA KCNA attributing the comment to the director of NK foregin ministry Relations between Kim and Trump have cooled notably.  Continue Reading:… Search Web: […]

ACD media saying that Montreal’s mayor says masks will soon be mandatory in enclosed public spaces. Continue Reading:… Search Web: Canada – Montreal expected to announce soon a mandatory mask rule in […]

Forex news for North American trading on July 6, 2020 Other markets: – spot gold is trading up $10.15 or 0.57% to $1786.11 – WTI crude oil futures are trading near unchanged […]

Latest update from US state of Texas – hospitalisation up 517 to a record high of 8,698 – this jump in hospitalisations is a new record increase, for the 8th consecutive day […]

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 […]

Does so at the request of the NZ government  Continue Reading:… Search Web: Air New Zealand suspends new inbound international flight bookings

Over 40 American business groups have sent a letter to Chinese Vice Premier Liu He, Treasury Secretary Mnuchin, and U.S. Trade Representative Lighthizer:. – the letter called on China to increase purchases […]

0430 GMT will bring the  Reserve Bank of Australia monetary policy decision and statement from Governor Lowe Unanimous expectations are that the cash rate and the bond yield target for 3-year Commonwealth Bonds […]

Major indices move higher A look at the final numbers are showing: Amazon closed at record high, as did Netflix, Tesla, Microsoft and Apple.   Continue Reading:… Search Web: NASDAQ and S&P close […]

Reserve Bank of Australia due at 0430 GMT – no change in policy is expected 2200 GMT NZIER Quarterly Survey of Business Opinion (QSBO) 2230 GMT Australia – AiG Services PMI for June […]

Forex futures positioning data for the week ending June 30, 2020 Continue Reading:… Search Web: CFTC Commitments of Traders: Traders trim EUR longs

California Gov. Reeves media on Covid – virus positivity rate climbs to 6.8% over 14 days – average 7876 cases daily over 7 days Continue Reading:… Search Web: California average at 7876 […]

Dr. Fauci speaking on the coronavirus – as things stand 1 of the leading Covid 19 vaccine candidates will enter its phase 3 study at the end of July – the others […]

Down $0.02 or -0.05% The high for the day reached $41.08. The low extended to $40.15. Looking at the hourly chart, the price has remains above its 100 hour moving average since […]

Tests 38.2% retracement The USDJPY has fallen below the 200 hour MA at 107.41. That has tilted more of the bias to the downside (at least intraday). However, getting below the 38.2% […]

The latest CDC numbers The low mortality is a big talking point at the moment. The bear case is that it’s a lagging indicator. The bull case is that younger people are […]

Early rally wiped out USD/JPY is at the lows of the day and approaching a one-week low after the Asian rally was wiped out. The pair is now down 11 pips on […]

Trade idea from Mitsubishi UFJ MUFG Research recommends selling CAD/NOK from 7.0000 wit ha target of 6.7500 and a stop at 7.1425. "We are recommending a short CAD/NOK position. The position reflects […]

What’s the Australian dollar trade ". Given that Lowe was the leader in international forums arguing against central banks cutting interest rates in order to get weaker currencies, ," CACIB adds. Continue […]

Still hold solid gains. The NY headlines seem to have given traders a reason to sell stocks modestly. The major indice still hold onto solid gains on the day but they are […]

The tri-state area has avoided the hotspot trend The NJ transmission rate has moved to 1.03 which is the highest in 10 weeks.    Gov. Murphy warns that "This is a warning […]

50% retracment stalls the rally The USDCHF has rebounded off lows but the corrective rally in the NY session has stalled at overhead resistance.  That resistance comes in at 0.94199 to 0.94265.  […]

Topside trend line at 1.3556. Swing area below between 1.3504 and 1.3520 Technically, the initial moved to the downside stalled near the top of a swing area going back to June 16 […]

Closing changes for the main European bourses: Continue Reading:… Search Web: European equity close: Fast start to the week

June 16 and June 23 highs at 0.69735 to 0.69758 The AUDUSD is trading higher on the day and in the process is above the swing highs from June 16 and June […]

The latest data from Arizona The latest shows 3352 new cases of coronavirus in Arizona compared to 3536 yesterday. That compares to the record 4877 on July 1. Continue Reading:… Search Web: […]

Price could not extend to the high from last week  The GBPUSD could not extend to the high price from last week at 1.25291 nor to the high swing area from June 23/June 24 […]

Up nearly 2% on the day the NASDAQ index has extended to a new session high and is up over 200 points at 10408. The high price just reached 10411.72. The index […]

Bank of Canada business outlook survey highlights Continue Reading:… Search Web: Bank of Canada Q2 business outlook future sales -35.0 vs +22.0 prior

Florida Covid cases – Florida Covid 19 cases rise by 3.2% vs. 7 day average of 5.1% – total cases reach 206,447 vs. 200,111. The rise is 6336 cases. Florida reported 10,059 […]

Florida virus data due near the bottom of the hour It took a few minutes but the US dollar is making some headway after the surprising jump in the June ISM non-manufacturing […]

High reaches 1.1345 The EURUSD reached toward the June 23 high at 1.1348 (and the high from June 16 at 1.13527), but stalled at 1.1345. The price has pushed lower. The better […]

The ISM non-manufacturing index for June 2020 Details: Continue Reading:… Search Web: June US ISM non-manufacturing index 57.1 vs 50.2 expected

Back near Friday closing levels The USDJPY has seen an up and down session so far. The initial move was to the upside. However, when the price approached the 100 day MA […]

US dollar struggles Gold is at a session high at $1787, which is just $2 from last Wednesday’s seven-year high of $1789. Continue Reading:… Search Web: Gold nears a fresh record high […]

The June survey from Markit This is a good signal ahead of the ISM non-manufacturing index due at the top of the hour. The consensus is 50.2 but given that US data […]

Major indices solidly higher The US major stock indices are opening with solid gains. A few minutes into the opening the major indices are showing: Continue Reading:… Search Web: US stocks open […]

Layoffs and empty shopping malls? We’ve seen the coronavirus crash and the reopening bounce, but what comes next? I compare it to holding a ball underwater, then releasing it. All we know […]

Trend line below at 1.2479. Swing ceiling at 1.2529-41 The GBPUSD continued to hold trend line support on the hourly chart on the correction lower today (see green numbered circles). That trend […]

High from last week and 38.2% are targets The GBPJPY has held support at the 100 day MA on the dip today, but has more upside work to do to keep the […]

Wild move in Chinese stock markets What to make of the nearly 14% rally in the Shanghai Composite in the past five days? We’ve seen parabolic moves in individual stocks for months […]

Cracked above the 100/200 hour MA in the Asian session and took off. The EURUSD has raced higher to started the week with a trend-like move higher.  The price started the day […]

Israel has had a complete backslide Continue Reading:… Search Web: Israel to close bars, event halls and gyms immediately

What’s coming up today The market is feeling good as New York wakes up for the week. Commodity currencies are higher and stock futures are up more than 1.5%. It all started […]

The USD is right behind the JPY  The USD is right behind the JPY fighting for the weakest of the major currencies. The EUR and the CHF are the strongest as North […]

Forex news from the European trading session – 6 July 2020 Headlines: Markets: – EUR leads, USD and JPY lag – European equities higher; E-minis up 1.1% – US 10-year yields up […]

EUR/USD touches a high of 1.1317, the highest level since 24 June Buyers are looking to capitalise on a push above 1.1300 going into North American trading, with price now looking towards […]

Can European and US investors keep the torch alight in the latter half today? China led the optimistic charge finish with over 5% gains In turn, that is keeping risk trades more […]

Latest data released by Eurostat – 6 July 2020 – -11.7%; revised to -12.1% – Retail sales -5.1% vs -6.5% y/y expected – Prior -19.6% Retail sales activity rebounded strongly in the […]