Month: October 2018

Politburo meeting says downward pressure is increasing. Bloomberg is reporting that China leadership is planning more stimulus measures in response to disappointing economic data. The Politburo meeting concluded that there is more downward pressure on the economy, and that the government is looking to take steps to counter the downturn.   Yesterday the purchasing managers report
Headline gives a lift to GBP The US dollar is under some broad pressure but this headline is adding some support to the rally in GBP/USD, which is up to 1.2820 from 1.2765 minutes ago. It’s funny how 10 headlines about a Brexit deal being ‘very close’ do nothing for GBP but the moment there’s a
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Latest data released by Credit Suisse and CFA Society Switzerland ForexLive The reading measures analysts’ expectations on the Swiss economy and other economic expectations over the next 6 months. Economic expectations dip to its lowest level since February 2015 as investor sentiment towards the global economy continues to deteriorate. Of note, current situation assessment in
Nonmanufacturing PMI 53.9 versus 54.6 estimate China PMI data came in weaker than expectations: Manufacturing PMI 50.2 versus 50.6 estimates. Lowest level since July 2016 exports 46.9 versus 48.   imports 47.6 versus 48.5 Employment 48.1 versus 48.3 new orders 50.8 versus 52.0 inventories of raw materials 47.2 versus 47.8 The tariffs are showing up in
Manage weakness or allow it to float The Chinese yuan will be a big story into year end. It’s a two-fold problem. One is the optics of USD/CNY hitting 7.00. It’s already trading at a 10-year high at 6.97 but those final three ticks may make a world of headline difference because the optics and politics
Bitcon fell away from 100 and 200 hour MAs in trading yesterday The Japan Ministry of Finance is mulling tackling tax avoidance in crypto trading.  This according to Nikkei. According to the report: Ministry is also mulling having crypto currency exchanges deduct withholding tax Could it mandate declarations by those who hold a certain amount
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;