Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Germany's Altmaier: Inflation will start to slow early next year

Posted: 27 Oct 2021 02:32 AM PDT

Remarks by German economy minister, Peter Altmaier Adding that even with no more lockdowns, rising inflation might have negative impact on the economy. Well, duh. Come next year, expect the headline narrative to shift further out to the middle of the year before a further kick towards 2H 2022.

China developers said to propose offshore debt maturity extension, restructuring to regulators

Posted: 27 Oct 2021 01:55 AM PDT

Reuters reports, citing sources with knowledge of the matter The report reveals some details of the meeting between Chinese property developers and the NDRC and SAFE yesterday, noting that some developers voiced intentions to extend their offshore bond maturities or undertake a debt restructuring.

Eurozone September M3 money supply +7.4% vs +7.5% y/y expected

Posted: 27 Oct 2021 01:00 AM PDT

Latest data released by the ECB - 27 October 2021

Switzerland October Credit Suisse investor sentiment 15.6 vs 25.7 prior

Posted: 27 Oct 2021 01:00 AM PDT

Latest data released by Credit Suisse and CFA Society Switzerland - 25.7 Swiss investor sentiment falls in October as analysts are forecasting a less dynamic recovery going into the winter, amid a rise in inflation and growing concerns about the economic outlook in general. Of note, the survey participants are expecting Swiss growth to slow further in the coming

European equities open mildly lower to start the day

Posted: 27 Oct 2021 12:16 AM PDT

A mixed start for risk on the session This contrasts with a mildly more positive showing for US futures, which are up roughly 0.1% for now. If anything else, it pots to some mixed and indecisive mood as we get things underway in European morning trade.

France October consumer confidence 99 vs 101 expected

Posted: 26 Oct 2021 11:51 PM PDT

Latest data released by INSEE - 27 October 2021 - 102; revised to 101 French consumer morale eased on the month but is keeping thereabouts as economic conditions and expectations are also seen slipping amid rising inflation pressures and worries surrounding supply and capacity constraints in general.

Trading the Bank of Canada meeting

Posted: 26 Oct 2021 11:33 PM PDT

BoC  One of the best trading opportunities this week in the FX markets could well come from the BoC meeting today. The CAD has been well supported recently on three main factors. Firstly, rising oil. The buoyant oil market has lifted all the petrocurrencies (CAD, NOK & RUB). Secondly, the excellent policy from Canada which provided

Eurostoxx futures -0.2% in early European trading

Posted: 26 Oct 2021 11:13 PM PDT

Tepid tones in early trades The mood music in equities is a bit more mixed as US futures are leaning towards being a little higher for the time being. S&P 500 futures and Nasdaq futures are up around 0.15% while Dow futures are up 0.11% as we get things underway in Europe.

Germany September import price index +1.3% vs +1.5% m/m expected

Posted: 26 Oct 2021 11:00 PM PDT

Latest data released by Destatis - 27 October 2021

Germany November GfK consumer confidence 0.9 vs -0.5 expected

Posted: 26 Oct 2021 11:00 PM PDT

Latest data released by GfK - 27 October 2021 "German citizens seem to be expecting even more price hikes, which is why they consider it prudent to make purchases now to avoid even higher prices."

Trade ideas thread - European session 27 October 2021

Posted: 26 Oct 2021 10:54 PM PDT

Daily thread to exchange ideas and to share your thoughts The former is still seeing some push and pull since last week and may continue in this state of flux as we head into key central bank meetings in the next few days (BOC, BOJ, ECB) and also coming next week (RBA, Fed, BOE).

Economic data coming up in the European session

Posted: 26 Oct 2021 09:45 PM PDT

A couple of light releases on the day EUR/USD is sticky close to 1.1600, keeping within a 13 pips range so far today, so there isn't much firm direction so far with US futures also looking more tepid for now.

JPX says it is looking to extend Tokyo bourse trading hours by 30 minutes in latter half of 2024

Posted: 26 Oct 2021 09:18 PM PDT

Japan Exchange Group remarks on the matter This has been rumoured for a while now and there was a rerun of the headline two weeks back . As mentioned then, the exchange currently operates from 9am to 1130am local time before pausing for an hour break and then resuming at 1230pm to 3pm local time (5

ICYMI - US authorities have revoked the authorization for China Telecom to operate in US

Posted: 26 Oct 2021 08:48 PM PDT

China Telecom's U.S. subsidiary has been given 60 days to discontinue U.S. services after nearly 20 years of operating in the country. The U.S. Federal Communications Commission (FCC) voted on Tuesday voted to revoke authorization to operate, citing national security concerns:

China industrial profit growth accelerates in September - recap

Posted: 26 Oct 2021 08:30 PM PDT

The data is here from earlier in the session:  China Industrial Profits for September +16.3% y/y (prior +10.1%) Reuters have a piece up with a little more and a good recap:

ForexLive Asia FX news wrap: Australian inflation heats up

Posted: 26 Oct 2021 07:58 PM PDT

Forex news for Asia trading on Wednesday 27 October 2021 The focus for the session was the Australian inflation data release. Official inflation data in Australia is published only four times a year and today we got the CPI for the July - September quarter:

China Railways has halted China-Europe trains for the first time

Posted: 26 Oct 2021 06:48 PM PDT

Traffic bottlenecks cited, related to restrictions to control COVID-19 spread.  - Railway traffic from China to Europe via the border crossings of both Alashankou and Erenhot has been halted.   

China Industrial Profits for September +16.3% y/y (prior +10.1%)

Posted: 26 Oct 2021 06:30 PM PDT

China Industrial Profits for September  - prior +10.1% y/y +44.7% YTD y/y 

Australian dollar popped on the higher than expected core inflation data from Australia

Posted: 26 Oct 2021 05:55 PM PDT

The headline data came in as expected but its the core data that surprised to the topside: The Reserve Bank of Australia's preferred data point from this is the 'trimmed mean:

Australian Q3 inflation: Headline 0.8% q/q (vs. expected 0.8%)

Posted: 26 Oct 2021 05:30 PM PDT

The RBA target band for core inflation (data below following the headline results) is sustainably in a 2 to 3% band.  Headline 0.8% q/q For the y/y, 3.0%Weighted median 0.7% q/q (another measure of core inflation)

New Zealand ANZ business survey for October, business confidence drops

Posted: 26 Oct 2021 05:00 PM PDT

Business confidence for October, -13.4, lower than in September and lower also than the flash result Activity Outlook  21.7, improved from September but not as strongly as the flash suggested

Australian Q3 inflation data due today, preview

Posted: 26 Oct 2021 04:20 PM PDT

Australian Q3 inflation data is due Wednesday 27 October 2021 at 0030 GMT  - For the y/y, expected 3.1, prior 3.8% (lower expected mainly due to base effects) Core inflation: Trimmed mean

UK data - BRC Shop Price Index for October -0.4% y/y (prior -0.5%)

Posted: 26 Oct 2021 04:01 PM PDT

British Retail Consortium monthly shop price index, a monthly measure of UK shop price inflation. British Retail Consortium said prices are set to rise further in Christmas. 

Goldman Sachs update their EUR/USD forecasts

Posted: 26 Oct 2021 03:34 PM PDT

This comes via eFX, for bank trade ideas,  check out eFX Plus . For EUR/USD, GS forecasts for : For USD/JPY GS see it falling from its current levels come next year:

ICYMI - Goldman Sachs CEO sees risk of higher global inflation & slower growth

Posted: 26 Oct 2021 03:04 PM PDT

Remarks from the CEO of GS, David Solomon. He was speaking at  the Future Investment Initiative conference in Riyadh, Saudi Arabia.
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