News

First President to attend since Clinton in 2000 Next week, President Trump is expected to attend the World Economic Forum in Davos, Switzerland. It will be the first US president to attend the event since Bill Clinton in 2000.    He will not be the only major nation leader speaking.  Germany’s Merkel, UK’s PM May
Amazon to raise price of their Prime service by nearly 20% You want inflation? Amazon can create inflation too. Amazon has announced that they will raise the monthly cost of Amazon Prime from $10.99 to $12.99 per month. What’s two bucks?  Not much right?  Well it represents an 18.2% increase. That’s inflation.  When you have
Pound losing ground as the session unfolds 19 Jan Was that GBPUSD spike to 1.3945 from 1.3910 retail sales data-low the last hurrah for the pair with barrier option interest at 1.4000 lurking behind it? Too early to say but we’ve now fallen back through decent demand at 1.3900  Next line of support/bids into 1.3880
WTI is now trading near the $63 handle, while Brent is also down by 1.20% to $68.48 per barrel We got some overnight data from the DOE and it showed production rose a little over the week although inventories reflected a bigger drawdown than expected. But I don’t think that’s really playing too much into
The dollar getting some love in trading today as the ECB jawboning continues The USD is firming up as we get into the European session, clawing back some losses over the past week. The greenback is performing better against all major currencies (except the CNY in which the PBOC fixed the USD/CNY rate a little
ANZ’s proxy measure for New Zealand economic growth, the Truckometer is a measure of traffic flows The ‘heavy’ traffic index comes in at -4.2% m/m previous +2.9%, revised from +1.1% For the y/y result, comes in at +6.3% ‘Light’ traffic index -1.7% m/m prior +1.3% y/y is above 6% still ANZ comments on the light
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No reprieve for the US dollar as the ICE dollar index falls to fresh lows of 90.571 on the day All major currencies are extending gains against the dollar. EUR/USD is up to session highs of 1.2246 while USD/JPY, USD/CHF and USD/CAD are all near session lows on the day. Meanwhile, GBP/USD, AUD/USD and NZD/USD
IMF’s Lipton: Global economy going from strength to strength Coming Up! Title text for next article Deputy managing director Lipton of the International Monetary Fund Global economy going from strength to strength Now is the time to address global vulnerabilities China should examine its own
Forex news for NA trading on January 12, 2018.  A snapshot of the other markets at the end of the week is showing: Spot gold up $16.14 or 1.22% at $1338.50 WTI crude oil futures $.68 or 1.07% at $64.48 US major stock indices closed higher (once again) and at record levels (once again).  For
Comes on the back of derogatory comments yesterday  In a bipartisan meeting on immigration yesterday, the President questioned why the US should accept immigrants from “shithole countries,” referring to Haiti, El Salvador, and African nations. That makes the signing of the proclamation – which should be a moment of positive and thankful reflection on Martin
November US consumer price index data Prior was +0.4% CPI y/y +2.1% vs 2.1% exp Prior 2.2% Ex food and energy 1.8% y/y vs 1.7% exp Prior ex food and energy 1.7% Ex food and energy +0.3% m/m vs +0.2% exp Real average weekly earnings +0.7% y/y vs +0.8% prior  Real avg hourly earnings y/y +0.4% vs +0.2%
Dollar is mixed across the board, following losses after yesterday’s disappointing PPI numbers In actuality, the Chinese yuan is topping the board (if you want to include it in) as the PBOC fixed the CNY stronger today in its daily fixing here. They set the USD/CNY rate below 6.5000 once again, and that’s enough to
The pair touched an intraday high of 0.7905 before slipping a little The aussie got a major boost from yesterday’s retail sales data beat while the dollar was the worst performer in the major bloc. That gave a boost to AUD/USD as it made a run up towards key resistance levels sitting near 0.7900. I
A preview of the economic calendar for the European session trading today Howdy, everyone! It’s Friday already! The Asian session was rather calm and so far there are no major moves in the market just yet – although gold is attempting a breakout from the resistance pocket that I highlighted here yesterday. Anyway, here is
CPI and retail sales data due from the US today, Friday 12 January 2018 This via Westpac: In November, headline inflation accelerated as gasoline prices jumped. Headline consumer prices gained 0.4% in the month and 2.2% over the year, up from 2.0%yr in October. Core inflation however surprised to the downside, rising by just 0.1%
CPI and retail sales data due from the US today, Friday 12 January 2018 For retail sales, this via Westpac: Retail sales lifted in November, rising 0.8% following a 0.4% gain in October. Part of the November increase was due to higher energy prices, with gasoline sales up 2.8%. Growth in core sales was more