Forex Live News Feed

  • J&J Coronavirus vaccine candidate - induced immune response, showed acceptable safety profile
    Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement. Reports the Wall Street Journal: Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not yet published in medical journals. Read more »
  • ForexLive Americas FX news wrap: Equities finish strong but commodity FX skeptical
    Forex news for North American trade on September 25, 2020: Markets: We came into the day on a delicate footing and with stock futures lower. The early going was more of the negativity and the commodity currencies and euro continued to struggle while the dollar made fresh highs. Read more »
  • Fitch affirms UK at AA- with a negative outlook
    Fitch on the UK rating From Fitch, who lowered the UK to AA- in March. The UK's ratings balance a high income, diversified and advanced economy against high and rising public sector indebtedness. Sterling's reserve currency status, deep capital market and strong governance indicators support the ratings. The very long average maturity of public debt (15 years) Read more »
  • Trump will nominate Amy Coney Barrett to Supreme Court - report
    Trump set to make the announcement tomorrow CNN reports Trump will nominate her tomorrow. She was the front-runner from the beginning. She's only 48 years old so she could serve for a long time to come. Read more »
  • It's jobs week: What's on the economic calendar in the week ahead
    It's non-farm payrolls week It's been a September to remember with some good volatility throughout financial markets. Next week we will turn the calendar to October and that means we'll get the September jobs report. Read more »
  • Is there still room for USD strength? Yes, some. So what's the trade? - BofA
    A look at EUR/USD Bank of America Global Research discusses the USD technical outlook and "T he risk  we continue to face is  buying the USD Read more »
  • Colombia lowers rates to 1.75% from 2.00%
    You can't even get yield in emerging markets The race to zero has expanded to emerging markets. This move wasn't entirely expected with nearly one third of economists surveyed thinking they would hold. Read more »
  • MUFG trade of the week: Sell NZD/USD
    Mitsubishi UFG on the week ahead Consider selling NZD/USD, MUFG Research says in its weekly FX pick. NZD/USD is trading down 13 pips to 0.6533 today. They say to target 0.6300 with a stop at 0.6710. Read more »
  • Baker Hughes US oil rig count 183 vs 179 prior
    Rig count climbs Higher natural gas prices have given some drillers an incentive to get back to work. There's a blurred line between gas and oil rigs because oil drilling spits off a lot of natural gas as well. Read more »
  • Florida Gov. DeSantis lifts restrictions on restaurants
    Restaurants had been restricted to 50% Local governments cannot outright close businesses under the order, but they retain the ability to limit and regulate businesses. However, restaurants cannot be restricted further than 50% capacity, and local governments must justify it from an economic and health perspective. Read more »
  • EU tells UK it's time to commit to key elements of trade deal
    Some kind of ultimatum Sterling dipped on this and the record rise in COVID cases. Cable hit a marginal new low at 1.2688. The 1.2675 level is key. Read more »
  • UK coronavirus cases hit another record at 6874 vs 6634 yesterday
    Another new high We'll see how the latest round of small restrictions work out but I'd be that more is coming. Today London's Mayor urged the PM to ban household visits in London. Read more »
  • Italy to raise deficit and growth forecasts
    Reuters report citing unnamed sources Remember back when all of Europe was piling on Italy and blocking 0.2 pp of deficit financing? Now we get this. Read more »
  • What are the real risks around US election night uncertainty?
    A breakdown of the differing views The big risk in November is that we won't know the results of the US election on election night. It's an idea that has been percolating for awhile but with Trump's reluctance to endorse a peaceful transition of power, it took on extra importance this week. Read more »
  • US August prelim durable goods orders +0.4% vs +1.4% expected
    US durable goods orders for August - was +11.4% (revised to +11.7%) - Durables ex transportation +0.4% vs +1.0% expected - Prior ex transportation +2.6% (revised to +3.2%) Don't be fooled by the headline, core orders were strong in August with an upward revision. The strong shipments numbers are also good for Q3 GDP. Read more »
  • Durable goods orders and more Fedspeak are on the US agenda
    Durable goods orders coming up next Markets are in a sour mood once again with S&P 500 futures down 10 points to erase yesterday's gain. The risk on the is from durable goods orders at the bottom of the hour. The August prelim report is forecast to show a 1.4% rise along with a 0.8% climb Read more »
  • ForexLive European FX news wrap: Dollar firms as risk-off mood bites
    Forex news from the European trading session - 25 September 2020 Headlines: Markets: - NZD leads, EUR lags on the day - European equities lower; E-minis down ~0.6% Read more »
  • Risk aversion grips the market ahead of North American trading
    It is turning into a full risk-off swing in the market now The dollar is firming across the board as such, with risk assets elsewhere also taking a hit. Oil is down 1% and gold is down by 0.6% on the session currently. Read more »
  • Spain recommends for Madrid to go into total lockdown
    The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions. Read more »
  • Dollar firms as stocks start to slip further on the day
    Slight hints of risk aversion kicking in The aussie has also pared gains against the greenback in a drop to 0.7050 from 0.7070-80 levels earlier, as European indices extend losses to a little over 1% right now: Read more »