News

Here’s an estimate Trade was a boost to US GDP but major exports of goods about to be hit with tariffs — namely soybeans — likely skewed the data and will reverse in the months ahead. Brad Setser writes about trade imbalances at the Council on Foreign Relations and he’s certainly the most-informed person I
Forex news for NY trading on July 27, 2018 A snapshot of other pairs into the week’s close shows: Spot gold $.52 or 0.04% at $1223.12 WTI crude oil futures down $.58 or -0.86% at $69.01 Bitcoin reversed earlier declines and is trading back above the $8000 level. It is trading up $78 and $8218. 
Nasdaq down on the week The US major indices are ending the session with losses. The declines were mostly focused in the tech heavy NASDAQ.   Twitter fell over -20% to $34.12 (down $-8.82) Facebook could not hold early gains after it fell over 20% yesterday. It closed down $1.37 or -0.70% Intel, despite beating earnings
Forex, Indices and Crypto updates  A pretty entertaining session, with plenty to talk about this Friday as we assessed the EUR/USD fallout of the ECB decision and looked ahead to today’s US GDP release during the US session. European session updates: Technical analysis highlights being the setups playing out on EUR/USD and the DXY.  USD/JPY
Forex and Bitcoin news for Asia trading Friday 27 July 2018 The majors didn’t do much at all, maintaining small ranges, but China’s currency was again a mover. Its not like there wasn’t anything going on, most notably the yield on 10 year Japanese Government Bonds continued its climb. The yield got above (I am
Intel also to report 24 hour ago, the market was waiting for Facebook earnings. We know how that has gone for a stock priced for perfection. Today there is another test with Amazon on tap to release their earnings. Earnings are expected to earn $2.48 a share vs $0.40 a year ago The company forecast
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;
Forex and Bitcoin news for Asia trading Thursday 2625 July 2018 Afternoon developments from the US with an agreement reached in talks between US President Trump and European Commission President Jean-Claude Juncker. The substance was very light-on but at least the two sides agreed to keep talking. Markets took some heart from the developments, taking
Some initial thoughts while it’s quiet The US president, Donald Trump will meet European commission president, Jean-Claude Juncker at the White House in Washington later today. Discussions will focus around the future of trade between the US and the European block, amid deteriorating transatlantic relations that are funnily enough, being played out on social media.
Forex and Bitcoin news for Asia trading Wednesday 25 July 2018 The  People’s Bank of China cracked 6.8 at today’s reference rate setting for USD/CNY, sending the onshore yuan mid rate to its lowest since late June of last year. The markets seems like it is becoming accustomed to a lower CNY, a wider currency
Forex and Bitcoin news for Asia trading Tuesday 24 July 2018 The  People’s Bank of China were back, big time, today, slashing the CNY against the USD again; this time to a (more than) one year low at the daily central rate setting. Before I go on, I just wanted to yet again dispel the
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;
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;
Forex news for NY trading on July 20, 2018. In other markets: Spot gold is trading higher today on the back of the lower dollar. The price is up $8 or 0.66% at $1231. The 200 week MA was broken this week at $1234 and it will close below that MA.  However, the recovery today
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;
MA and 38.2% slowing the rise Yesterday, crude oil moved sharply higher on the back of news that Saudi Arabia will keep production in July near June levels and they expected to oil exports to drop in August (so unlikely to raise production).   The price moved to the 38.2% and stalled.  Today, the price moved
No surprise They add: Comments today are reiterations of long held positions  Of course Trump’s business success has been off real estate and from leveraging other peoples money, not his own.  Hence lower rates are always best. The Fed, on the other hand, is there to protect against the business cycle and things like inflation
Forex news from the European trading session – 19 July 2018 Headlines: Markets: USD leads, NZD lags behind on the day European equities lower, losses led by mining stocks Gold down 0.93% to $1,216.04 WTI crude down 1.29% to $67.87 US 10-year yields up 2.2 bps to 2.891% Bitcoin up 0.70% to $7,388 It’s another
These posts from earlier on the labout market report for June A response from Westpac, this in brief from a longer piece: result is a very positive one Putting it into context, it still caps off a slower first half of 2018 for Australian employment growth than last year’s uplift of 3.4% six month annualised
Reuters report, citing PBOC source China plans to introduce lending incentives by boosting liquidity at commercial banks, according to a Reuters source. This would be in tandem with recent moves to encourage debt and equity stakes in companies and would use the PBOC’s medium-term loan facility. The Shangahi Composite bounced in the middle of this