Forex Live News Feed

  • Britain approaches European on safe-shipping mission for Strait of Hormuz
    Britain approaches allies In the wake of last week's tanker seizure, Britain has approached European allies on a safe-shipping possible mission. Reuters reports that France, Denmark, Italy and the Netherlands showed strong support with Germany, Spain, Sweden and Norway also expressing interest in a role. Read more »
  • US auctions off $40B of 2 year notes at 1.825%
    WI at 1.823% Not great. Not bad. Middle of the road.  ForexLive Read more »
  • US to sell $40B of 2 year notes at the top of the hour.
    US treasury auction of 2 year notes The US Treasury will be selling $40B of 2 year notes at the top of the hour.  The current Wi is trading at 1.83% ForexLive Read more »
  • US dollar rally halted after Richmond Fed
    US dollar still near the highs of the day The march higher in the US dollar today stalled after a surprise drop in the Richmond Fed. The index sank to -12 from +2. It's the worst reading since 2013 and was coupled with significant declines in nearly all the underlying indexes. Read more »
  • DUP confirms that coalition agreement with Conservatives still stands
    DUP says review will take place The Northern Irish DUP says the confidence and supply agreement remains in place but that a normal review will take place over the coming weeks and will explore the priorities of both parties. Read more »
  • US June existing home sales 5.27m vs 5.32m expected
    Existing home sales from the National Association of Realtors At some point, you would hope for a pickup in US home sales on lower interest rates. If it doesn't happen in the next 2-3 months, it may be time to worry. Read more »
  • Eurozone July advance consumer confidence -6.6 vs -7.2 expected
    The first look at July eurozone consumer confidence ForexLive Read more »
  • Richmond Fed manufacturing index for July -12 vs 5 estimate
    Richmond Fed manufacturing index for July 2019 The Richmond Fed manufacturing index for July 2019 comes in much weaker than expectations of -12 versus 5 estimate. The index is at its lowest level since January 2013. Read more »
  • No EU Brexit meetings planned over the summer, will wait and see on Boris - report
    EU diplomats cited by the BBC The BBC's Katya Adler reports that no meetings in Brussels are likely over the summer, citing EU diplomats. They want to see the makeup and plan from Boris Johnson first because until now they've only heard 'slogans'. Read more »
  • Australian dollar nears 0.7000 in third day of declines
    Australian dollar low The Australian dollar has wiped out all of Thursday's gain in a three-day slide that calls into question what looked like a promising breakout. Read more »
  • S&P works back toward the 3000 level again
    Major indices are higher The S&P is higher as it works its way back toward the 3k level once again. The high has reached 2996.75 so far.  The Nasdaq and Dow are also opening with gains. Read more »
  • US stocks set for gain at the open
    Futures higher S&P 500 futures point to a 12-point gain at the open following yesterday's 8.5 point rally. If it comes to fruition, it would essentially wipe out Friday's fall. Read more »
  • Coca-Cola CEO: US dollar is at the end of a strong cycle
    Comment on the earnings call from the Coke CEO I don't think James Quincey has any magical powers to forecast currency moves but the US dollar has had a long run of strength. Read more »
  • The FHFA house price index for May 0.1% vs 0.4% estimate
    Federal Housing Finance Agency price index for May 2019 The good news is the index remained above the 0.0% line indicative of growth. The not so good news is the index gain was the lowest since January 2017.  Read more »
  • IMF lowers global growth forecast to 3.2% from 3.3%
    The latest forecasts from the IMF The previous round of forecasts were in April: In April, the . Since October, this is the fourth downgrade in global growth and the statement said downside risks have intensified going forward, noting trade. Read more »
  • Global Times editor: China has started buying US farm products
    Now it's time for the US to act From Hu Xijin: "China has started to buy US farm products, fulfilling its commitment. The US side should also honor its commitment and act timely to lift sanctions on Huawei. Without this step, Read more »
  • IMF world economic update expected at the top of the hour
    FHFA housing market index too In April, the IMF cut its global growth forecast to 3.3% from 3.5%. . More highlights from that decision ForexLive Read more »
  • The Boris bounce fades; cable back below 1.2450
    The honeymoon is over I have no idea why anyone was buying the pound on the Johnson announcement -- it was entirely expected. Bookies had his win at 1/100. Moreover, Johnson has not been able to unite the Conservative party. Yesterday's effort (by his own colleagues) to launch a snap confidence vote and potentially trigger an election Read more »
  • Philly Fed July non-manufacturing index 21.4 vs 8.2 prior
    Philly area non-manufacturing rebound ForexLive Read more »
  • EUR/CHF falls below 1.1000
    SNB phones are ringing EUR/CHF is below 1.1000 for the first time in two years. The questions is: what can the Swiss national bank tolerate? It looked like a bid was holding the pair above 1.10 yesterday but that was probably an option defense or technical support. Read more »