News

US still working through the backlog of data Monday is a holiday in NY and a light calendar day world wide.  Other than that, the US is still working through the backlog of data.  So some of the releases are still “old news”.  What’s on tap: Tuesday: Australia Monetary Policy Meeting minutes, 0030 GTM/7:30 PM
A small snippet on the euro via Morgan Stanley, which raises a curious question, for me at least: EURUSD bears have struggled to push the pair below 1.12 Traders should remember that the RMB plays a key role here, and sentiment is overly bearish especially when China’s January trade figures significantly outperformed expectations MS make a
GBPUSD to fall with a fizzle, not a bang Yesterday I was reflecting on May’s negotiating approach which I called, it could always be worse.  The conclusion that I reached was that there is only one likely ‘sell’ outcome for the GBP at the moment and that is a ‘no-deal’ scenario: No deal – unlikely
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;
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;
Newly appointed ECB chief economist, Philip Lane, will appear again today Here’s the schedule and what to expect:ForexLive 0855 GMT – ECB’s Philip Lane speaks in Dublin Lane will be speaking at the European Financial Forum, hosted by the FT, and will be making a ‘special presentation’ according to the agenda here. I wouldn’t expect
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;
The Australian dollar leads the way ForexLive The aussie gained earlier on the back of improving business conditions seen in a NAB survey but those gains were quickly tempered with in the hours thereafter. However, the currency is regaining some poise again ahead of European trading and is leading gains among major currencies with markets
Forex news for February 19, 2011 In other markets: Spot gold fell -$6.30 or -0.48% at $1308.20.  A higher dollar helped to send the price of the precious metal lower.   The price fell below both the 100 and 200 hour MAs turning the bias back to the downside. The $1300 level will be eyed.  CLICK
Italy’s economy minister responds to the government’s attack over the weekend He’s responding to the statement made by Salvini here. Tria and the populist government have been at odds after the dispute over the budget deficit which dragged on for several weeks in November and December last year. If you need a reminder, whatever suggestions
SubHeading Title Here Markets: S&P 500 down 6 points to 2699 WTI crude flat at $52.65 US 10-year yields down 2.5 bps to 2.63% CAD leads, AUD lags Friday’s action was more-subdued but the Canadian dollar was a mover after yet-another strong jobs report. USD/CAD sank to 1.3232 on the headline but there was no
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;
Government shutdown data continues to trickle out The good news is that a second US government shutdown doesn’t appear likely. Top Republicans and Democrats are negotiating to avoid a shutdown on February 15 and there’s talk of a deal on the weekend or Monday. The week starts out light in terms of economic data but
Canadian employment data for January 2018: Best 5-month run of hiring in 16 years Prior was +7.8K Unemployment rate 5.8% vs 5.7% expected Participation rate 65.6% vs 65.4% prior Full time jobs +30.9K Part time jobs +36.0K Year-over-year employment +327K Service producing +99K Goods producing -32K Canadian employment is on an unbelievable run at a
A heads up to the know unknowns in the week ahead on the calendar The most important from Australia: Tuesday 12th (0030GMT)  Housing finance, expected to fall further NAB Business survey (confidence and conditions, conditions plunged in December) for January  The following day Westpac consumer confidence (monthly survey) for February, which was also lower last
AUD/USD falls further Normally, the RBA is pretty good at communication. They try to speak in plain language and have for a long time signaled that the next move in rates was most likely to be higher. Tuesday’s RBA statement was a bit more pessimistic but sounded like nothing had changed with the plan. The