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Consumer confidence from the Conference Board Prior was 130.7 (revised to 132.6) Expectations 88.2 vs 108.1 prior Present situation 167.7 vs 169.3 Cutoff date for the sample was March 19 The ‘present situation’ index held up much better than expected but I don’t believe that will last. “Consumer confidence declined sharply in March due to
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;
French and Italian consumer confidence data the only releases of note The focus is going to remain on coronavirus headlines and the recent shift in the risk/dollar momentum, with some month-end rebalancing at play as well. Central banks and governments can take heart that their recent actions have helped to inject some calm into the
MUFG on the timeline for selling the US dollar MUFG Research discusses the current conditions of the FX market and notes that fundamental-based trades are not prone to perform in the current market environment. “We are sceptical though of playing the FX markets from a relative fundamental stance just yet. Fundamentals will of course come
Forex news for New York trade on March 6, 2020: Markets: S&P 500 down 51 points to 2972 Gold up $2 to $1673 US 10-year yields down 13 bps to record low close at 0.78% WTI crude down $4.31 to $41.59 NZD leads, CAD lags The main story in FX on Friday was the continued
Forex news for Asia trading Thursday 5 March 2020  Yen gained today and US stocks dropped, a catalyst for moves being California declaring a state of emergency re the COVID-19 outbreak. Further worry was fanned by news about that the US has only conducted circa 500 tests for coronavirus. China initially disregarded the risk and
Here is the playbook for the week ahead While we still have clear this weekend’s China PMI data, and the South Carolina primary, the central focus next week will remain on the spread of the Coronavirus above all else as it has gripped the financial markets. We do also navigate through Super Tuesday, where a
The euro has fallen in 10 of the past 12 days Citi discusses the key reasons behind EUR’s recent decline. “Reasons for EUR’s decline – (1) EU less US (hard) data momentum is turning negative; (2) Downward revisions to Chinese and global growth in the face of the COVID-19 outbreak to impact the euro zone
Weekly FX futures positioning data from the CFTC: EUR short 59K vs 47K short last week. Shorts increased by 12K   GBP long 13K vs 18K long last week. Longs decreased by 5K JPY short 21K vs 36K short last week. Shorts decreased by 14k CHF long 5K vs 3.5K long last week. Longs increased
While the number of infections mounts so do efforts at combatting spread of the disease: The acceleration of the infection: Combat effort, this via Xinhua: test kits for the novel coronavirus have been approved kits can shorten detection time and recognize suspected cases, especially latent infections kits can generate test results in 30 minutes One
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;
Fear of the new coronavirus outbreak to blame? ForexLive The Japanese yen is keeping a little higher as we’re seeing some mild risk aversion in markets so far today. Bonds are keeping higher while equities in Asia – as well as US futures – are seeing red amid the new coronavirus scare that is taking
Forex news for NY trading on December 31, 2019 In other markets: Spot gold is trading up $2.18 or 0.14% at $1517.34.  For the year the preciious metal rose 18.3% after ending the year 2018 at $1282.49 WTI crude oil futures are trading at $61.16. For the year crude oil had a NASDAQ type year with a 34.6%