Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Germany's Scholz says that not enough citizens are vaccinated, have to do more

Posted: 11 Nov 2021 12:57 AM PST

Germany posted a record 50,196 new COVID-19 cases in the past 24 hours That marks a fourth consecutive record daily number of cases, with the figure exceeding 50,000 for the first time today. Scholz's plea comes as vaccinations have plateaued in Europe's biggest economy, with roughly 67% of the population being fully vaccinated.

ECB rate hike bets back on the menu

Posted: 11 Nov 2021 12:49 AM PST

Rates pricing swings back the other way Eonia futures for the September 2022 meeting is now fully pricing in a 10 bps move by the ECB, after having earlier this week positioned for a move in December 2022 instead; the latter is now seeing a 20 bps rate hike priced in.

European equities more tepid at the open today

Posted: 11 Nov 2021 12:08 AM PST

Little change overall to kick start the session There's not much to take away from risk sentiment as we get things going on the day, though US futures are holding up after the drop in the past two days. S&P 500 futures are up 0.2%, Nasdaq futures up 0.3%, and Dow futures are flat for now.

Eurostoxx futures -0.2% in early European trading

Posted: 10 Nov 2021 11:13 PM PST

Tepid tones observed in early trades This follows the more modest showing yesterday, though the drag in US equities for a second straight day is possibly weighing a little.

UK Q3 preliminary GDP +1.3% vs +1.5% q/q expected

Posted: 10 Nov 2021 11:00 PM PST

Latest data released by ONS - 11 November 2021 A further easing of restrictions saw UK GDP expand by a decent pace in Q3, though less robust demand conditions and self-isolation restrictions in August may have weighed on overall activity during the quarter.

UK September monthly GDP +0.6% vs +0.4% m/m prior

Posted: 10 Nov 2021 11:00 PM PST

Latest data released by ONS - 11 November 2021

Trade ideas thread - European session 11 November 2021

Posted: 10 Nov 2021 10:29 PM PST

Daily thread to exchange ideas and to share your thoughts But did the report really tell us anything new as a whole? I'm not too convinced. The numbers are definitely jarring but Fed's Daly was quick to address that and the central bank's stance yesterday . I'd expect more Fed policymakers to rebuff that view.

Bank of England: Still on track for rate hikes

Posted: 10 Nov 2021 10:24 PM PST

Taking a step back  Heading into the Bank of England meeting last week investors were fully pricing in a 15bps hike to 0.25% with a further four 25bps being priced in for 2022. In the end the Bank of England sorely disappointed markets and the MPC vote was 7-2 in favour fo keeping rates unchanged. Saunders

Economic data coming up in the European session

Posted: 10 Nov 2021 09:38 PM PST

UK GDP data in focus The surge higher in US consumer inflation certainly brought about some stirring reaction across the market, with bond yields notably surging higher as rate punters start to see a quicker timeline for the Fed to hike next year.

US holiday today leaves much to be desired in the session ahead

Posted: 10 Nov 2021 09:25 PM PST

Thinner liquidity conditions set to prevail but more importantly, the Treasuries market will be closed 10-year Treasury yields surged up to 1.57% from 1.48% as rate punters also price in a quicker hike by the Fed (now for July instead of September next year).

Analysts expect Japanese core CPI flat over fiscal year 2021

Posted: 10 Nov 2021 08:29 PM PST

Via Reuters polling, outlooks for inflation: (Note that the BOJ target for core CPI is 2%, if the analysts are correct that target will not be approached, keeping the BOJ set on loose policy ahead). 

China State Council think tank held meeting with property association and financial institutions in Guangzhou

Posted: 10 Nov 2021 08:04 PM PST

China's  Development Research Center is a think tank under the State Council Via Chinese news outlet Cailianshe

ForexLive Asia FX news wrap: Japan wholesale inflation to a forty-year high

Posted: 10 Nov 2021 07:42 PM PST

Forex news for Asia trading on Thursday 11 November 2021 The news that Evergrande had reportedly paid its interest on bonds provided a positive input for sentiment during the session here, resulting in mixed performance across regional equities. The Shanghai Composite inched a little higher but Japan and Hong Kong did not fare so well. Coal and iron ore markets in China rose. 

Heads up for the US bank holiday Thursday 11 November 2021 - Veterans Day

Posted: 10 Nov 2021 07:07 PM PST

US stock markets are open for the day, as are futures markets. Forex trade will be thinned out.

Australian bank NAB raises its fixed home loan rate

Posted: 10 Nov 2021 06:48 PM PST

National Australia Bank is one of Australia's 'big four' banks, have hiked its fixed loan rates for both owner-occupiers and investors Funding costs have increased to banks, being passed on. Despite the RBA holding the cash rate steady and being set to do so for some time to come. 

Goldman Sachs 'top trades' for 2022 include short AUD/CAD, long copper & Brent

Posted: 10 Nov 2021 06:39 PM PST

(may be gated)  with a brief piece outling some of Goldman Sachs' top ideas for next year, including: Bloomberg GS expect 2022 to continue with strong demand and constrained supply.

More on Japan's PPI inflation data hitting a 40 year high

Posted: 10 Nov 2021 06:12 PM PST

The data post is here from earlier: Reuters have a recap post up on the data, noting the impact of the weak yen on cost pressures.     Link here for more.

Newly appointed Japan foreign minister says its important to build ties with China

Posted: 10 Nov 2021 05:35 PM PST

 New Japan Foreign Minister Hayashi says its important to build constructive, stable ties with China

Axios reports Manchin could hold Biden’s Build Back Better agenda until next year over inflation worries

Posted: 10 Nov 2021 05:30 PM PST

Axios is a US political site, citing a sources for the info: "people familiar with the matter tell Axios. "   Link here.

S&P on spreading contagion in China's residential property market

Posted: 10 Nov 2021 05:05 PM PST

Standard And Poors warn "China's Contagion Risks Rise"  S&P ratings agency reporting on property market turmoil in the country. 

Australian dollar drops on the big miss for jobs data

Posted: 10 Nov 2021 04:35 PM PST

The Australian October labour market report is : here Employment Change: -46.3K for an ugly miss indeedUnemployment Rate: 5.2% Participation Rate: 64.7% AUD/USD is below its overnight low:

Australia - October jobs added: -46.3K (vs. +50K expected) & Unemployment rate 5.2% (4.8% expected)

Posted: 10 Nov 2021 04:30 PM PST

Australian Labour Market report for October, the survey was conducted September 26 to October 9 Employment Change: -46.3K for an ugly miss indeedUnemployment Rate: 5.2% Full-Time Employment Change: -40.4K Part-Time Employment Change: K Participation Rate: 64.7% Underemployment higher also, to 9.5% from 9.2% the previous month

UK data - RICS house price price balance 70% (expected 68%, prior 68%)

Posted: 10 Nov 2021 04:02 PM PST

Royal Institution for Chartered Surveyors (RICS)

Japan October PPI +1.2% m/m (expected +0.4%)

Posted: 10 Nov 2021 03:51 PM PST

Japan PPI for October  +1.2% m/m, well above the central esimate This from earlier:

Musk has filed his 'Form 4' - sold Tesla (TSLA) shares as per his Twitter promise

Posted: 10 Nov 2021 03:37 PM PST

Related to this over the weekend: The amount he has sold is not 10% of his holding, but he has gotten a start.  He had 17m - odd shares, so still has plenty to offload ahead. 
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)