Forex Live News Feed

  • Trade ideas thread - Friday 22 March 2019
    Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Read more »
  • Here is what’s on the economic calendar in Asia today – Japan CPI day!
    Its Japanese inflation data day ... I am sure there is someone out there who cares! 😀 2200 GMT brings preliminary PMIs from Australia, for March Courtesy of CBA / Markit Read more »
  • ForexLive Americas FX news wrap: All eyes on Brussels
    Forex news for North American trade on March 21, 2019: Markets: - Gold down $4 to $1308 - WTI crude down 40-cents to $59.83 - US 10-year yields up 1 bps to 2.55% The US dollar picked up a big bid in North American trading and completely reversed yesterday's post-FOMC drop. It was a steady, solid bid in the dollar Read more »
  • New Zealand 10-year yield falls below 2% for the first time
    Kiwi yields fall to all-time lows The Official Cash Rate is at 1.75%. Just 25 bps more to go for inversion. The market is pricing in a 31% chance of a rate cut by the end of August. Read more »
  • EU said to mull unconditional extension until May 7
    Plenty of options on the table Sounds like no one has a plan A Bloomberg report says the EU would grant an extension through May 7 irrespective of whether the deal gets through Parliament. The agreement would also require the UK to notify the EU by April 11 on whether the withdrawal agreement is to be accepted. Read more »
  • Oil traders are now watching mobile phone traffic at refineries
    Bloomberg looks at how far oil traders will take it During hurricane season last year, oil traders were renting boats and counting the tankers arriving and departing Houston. For years, they have been using satellite technology to estimate stockpiles. Read more »
  • EU Brexit extension might not have a firm timeline
    RTE report RTE reports that officials are drafting a new text at the EU summit. The report says text about an extension to May 22 has been replaced by "another configuration". Read more »
  • EU said to mull 9-month Brexit delay if May's deal defeated
    Bloomberg report I'm curious about what would happen in that 9 months. I think they have been clear that they're not going to renegotiate -- although they also said that about Greece. Read more »
  • S&P 500 extends gains to 30 points, breaks March hig
    Stock market likes the dovish Fed The stock market selloff after a dovish Fed made no sense to me whatsoever. Cheap rates are always going to be good news for stock markets, especially in a world where companies are juicing share prices with debt and buybacks. Read more »
  • May to hold press conference in Brussels. Time not yet set
    May to speak later It appears as though the EU has approved a Brexit extension to May 22 on the condition that the Brexit deal is approved by parliament next week. Read more »
  • What would be the best near-term outcome for the pound? - BTMU
    Cable is down 162 pips to 1.3036 today MUFG Research discusses GBP outlook in light of the latest Brexit vote developments. "The recent pound sell off has been triggered by the outlining of both the EU's and UK's demands for an extension to Article 50 beyond the end of March. Prime Minister May has chosen the higher Read more »
  • US sells 10-year TIPS at +0.578% vs +0.564% WI
    Results of the 10-year, $11 billion sale of inflation-protected bonds That's a tad on the softside but the market is always struggling with TIPS. ForexLive Read more »
  • EU proposed to May a conditional Brexit delay until May 22
    Buzzfeed on the offer from Tusk The EU is playing tough. Tusk proposed a Brexit extension until May 22 on the condition that the UK parliament approves the agreement. The Buzzfeed report said the discussion is ongoing and the exact end date may change. Read more »
  • Martin Wolf: May wants to take a gamble between her deal and none
    The latest from the FT's Martin Wolf Martin Wolf breaks down Theresa May's strategy on the Brexit vote in today's . column He believes that another referendum should be on the table while she believes it would destroy her party and be a betrayal to the vote. Read more »
  • US dollar continues to climb
    The US dollar is higher across the board This was almost precisely the bottom for the day: ForexLive Read more »
  • Cable falls to session low as Brexit sentiment sours
    Cable down more than 100 pips GBP/USD is under fresh pressure as May meets with European leaders in Brussels. They're delivering a message that she needs to get a vote before parliament on a deal before they will grant an extension. Read more »
  • Eurozone March advance consumer confidence -7.2 vs -7.1 expected
    March eurozone consumer confidence ForexLive Read more »
  • Trump wants China to raise its offer to buy US goods - report
    This is good news CNBC reports that Trump is focused on China buying more goods: U.S. officials seeking a China trade deal are focused on long-term changes to that nation's economy. But President Donald Trump is set on reducing the trade deficit, and is pushing his negotiators to get China to agree to purchase more goods, according Read more »
  • Barnier: Short extension should be conditional on positive vote in UK
    The EU is putting the gun on the table Either vote for this deal or there's no short technical extension. ForexLive Read more »
  • USD/JPY climbs as risk appetite improves
    USD/JPY back to post-FOMC levels USD/JPY is now flat on the day in a rebound to 110.75 from a low of 110.30. The rally puts it back to where it was immediately after the FOMC decision. Read more »