Forex Live News Feed

  • Video: How a drop in the euro sparks a global rout
    The euro is the linchpin holding everything together, but it's breaking The euro closed the week at the lowest level in two years but this might be just the beginning. The ZEW survey this week showed economic expectations tanking and the euro won't be far behind unless Merkel reverses course and starts spending. If the euro Read more »
  • Gibraltar releases Iranian tanker
    Not clear where the tanker is headed A Gibraltar court released the Grace 1 tanker on Saturday and the ship is preparing for departure. The move came despite US objections and appeals. The US government issued a warrant to seize the ship, saying all oil aboard the ship is subject to forfeiture due to a "scheme Read more »
  • Forexlive Americas FX news wrap: US yields recover a bit into the weekend
    Forex news for NY trading on August 16, 2019 Yes this week, had a day when the Dow and Nasdaq each fell over 3%. However, this week was really about yields.  Read more »
  • Key events and releases for next week's trading
    Fed Chair Powell speaks at Jackson Hole Economic Policy Symposium on Friday The meeting minutes from the last FOMC meeting will be released on Wednesday at 2 PM ET/1800 GMT.   The market is very sensitive to what the Fed might do at their next policy meeting in September. There is a 100% chance for a rate cut, with the market currently pricing in Read more »
  • WTI crude oil futures settle at $54.87
    Up $0.40 or 0.73% The high price today extended to $55.67, while the low fell to $54.26. The price last Friday close at $54.27. The high for the week reached $57.45 on Tuesday. That was up 5.86% at the highs.  The decline from the high reached $53.77 (a 6.4% decline from the high).  For the week, the gain is 1.1%.   Read more »
  • UK finance minister Javid: Want to see lower taxes, that would pay for public services
    Speaking to the London Times HERE There is little reaction in the GBP on the back the comments in the article.  ForexLive Read more »
  • NY Fed GDP Nowcast rises to 1.82% from 1.58% last week
    Reported earlier today Somehow, I missed the release of the weekly NY Fed GDP Nowcast for 3Q growth. In the current week, the index rose from 1.58% to 1.82%.  The Atlanta Fed GDPNow forecast also rose this week from 1.9% to 2.2%. Read more »
  • Boris Johnson to meet France's Macron and Germany's Merkel next week
    According to sources at Buzzfeed The UK PM Boris Johnson is to meet France's Macron and Germany's Merkel next week. This according to Buzzfeed. Read more »
  • Baker Hughes oil rig counts 762 versus 762 estimate
    Total rig counts 935 versus 931 estimate - oil rig counts 770 versus 762 estimate and 764 last week - gas rig count 165 versus 169 estimate and 169 last week Read more »
  • Baker Hughes rig count to be released at the top of the hour
    Oil rigs expected to dip The Baker Hughes rig count for the week of August 16 will be released at the top of the hour. Below are the expectations: The current price of WTI crude oil futures is at $54.65. That is up $0.18 or +0.29% on the day.  Read more »
  • Pres. Trump held call with top bankers as market tumbled
    Pres. Trump is sensitive to the stock markets  In another indication on how Pres. Trump is tied to the stock markets, it is being reported that he held a call with three bank CEO's on Wednesday while the market was tumbling, JP Morgan's Jamie Dimon, Citigroups Michael Corbat, and Bank of America's Brian T. Moynihan.  Read more »
  • EURUSD moves higher on German fiscal rumblings
    EURGBP goes back higher  That news has given the EURUSD a lift. The price is back above the 1.1100 level and looks to revisit the high for the day at 1.11115 and the 61.8% of the move up from the August 1 low (see chart above).  A topside trend line is also in the area.  Read more »
  • German government is getting prepared for deficit spending in case of recession
    According to report from Der Spiegel Der Spiegel is reporting that German government is getting prepared for deficit spending in case of a recession.   Read more »
  • German finance minister: EU27 stand united and is ready for all Brexit scenarios
    The clock ticks down to October 31 Olaf Scholz also announced earlier today that he is offering to throw his hat in the ring to lead the center left Social Democratic Party.   Read more »
  • U Mich August preliminary consumer sentiment 92.1 vs 97.0 expected
    Consumer sentiment data from the University of Michigan: That's not a great sign. The consumer has been extremely strong this year but this is a forward-looking indicator and it shows that trade worries could be weighing. Read more »
  • This is the most-important chart this week
    The drop in the ZEW survey is ominous The euro has fallen four days in a row and is poised for the lowest weekly close since May 2017. The EUR/USD chart itself isn't pretty. It's still above the intraday lows from two weeks ago but support is thin down to 1.04. Read more »
  • US stocks extend the bounce off the lows
    Stocks start the day strong ForexLive Read more »
  • US July housing starts 1194K vs 1256K expected
    July 2019 housing starts: That's a great reading on permits and is maybe a glimmer of hope that housing is turning on lower interest rates. Here's a look at permits: Read more »
  • Housing and consumer sentiment are on the US economic calendar
    What's coming up At the bottom of the hour we get the July report on US housing starts. The consensus is for a pace of 1256K, fractionally above the 1253K reading in June. Markets risks are low for this report but a strong number could help boost GDP forecasts. Read more »
  • Is the bond market starting to turn on the day?
    10-year bund yields fall to a fresh record low of -0.72% now ForexLive European bond yields are beginning to fall off again on the day and this could be a sign of trouble for markets in the session ahead. US Treasury yields have also pared gains with 30-year yields falling back below 2% to 1.988% currently. Read more »