Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

ForexLive Americas FX news wrap: Dollar rally cools as consumer sentiment hits 10-year low

Posted: 12 Nov 2021 01:18 PM PST

Forex news for North American trade on November 12, 2021: Markets: The UMich survey has a spotty recent history but a 10-year low is tough to ignore and it opened the door for a relief rally in the currencies that were beaten up by the dollar this week.

Steve Bannon indicted for contempt of Congress

Posted: 12 Nov 2021 12:59 PM PST

Charges failed for failing to honor House subpoena The DOJ has filed charges against former Trump White House advisor Steve Bannon for failing to honor a subpoena from the committee investigating the Jan 6 Capitol breach.

Democrats more worried about Manchin than Sinema on reconciliation package

Posted: 12 Nov 2021 12:25 PM PST

Democrats unsure about Manchin on Build Back Better legislation CNN's Manu Raju that Democrats are more worried about losing Sen Joe Manchin's vote in the reconciliation package than Krysten Sinema.

Australian dollar bounces back from poor jobs report to the top of today's leaderboard

Posted: 12 Nov 2021 11:42 AM PST

The jobs decline has been erased On Thursday, a surprise drop in Australian employment rattled AUD. The economy lost 46.3K jobs compared to a of 50K expected. The unemployment rate also rose to 5.2% from 4.7%.

White House says looking at every tool in the arsenal to address gas prices

Posted: 12 Nov 2021 10:58 AM PST

White House says it has engaged OPEC on increasing oil supply The White House has been saying this for awhile.

A look at the global covid situation as Dutch government orders a three-week partial lockdown

Posted: 12 Nov 2021 10:33 AM PST

This is the first western European lockdown of this wave of covid-19 The Dutch government announced a three-week partial lockdown that will include: About 72% of all the population of the Netherlands is fully vaccinated. Everyone is absolutely with covid but the

Baker Hughes oil rig count 454. Up 4 on the week

Posted: 12 Nov 2021 10:04 AM PST

Weekly Baker Hughes rig count - oil rigs up 4 to 454 from 450 last week - Gas rigs up 2  to 102 - Total rigs up 6  to 556 from 550 last week  The price of WTI crude oil is trading down $-0.75 or -0.92% on the day at $80.83. The high price reached $81.62 while the low extended all

The SEC has rejected the VanEck's spot Bitcoin ETF

Posted: 12 Nov 2021 09:04 AM PST

This was as expected The SEC took the full 240 days to review the application. Other applications have been submitted but hopes are not great anytime soon at least on any of them getting regulatory approval.   Recall that there was approval for a futures based ETF recently. The argument for that approval is that the futures markets are

Retail sales and manufacturing highlight next week's US economic calendar

Posted: 12 Nov 2021 08:57 AM PST

Will the Fed shift its message? Today's soft UMich consumer sentiment survey raises the risks around a consumer slowdown. Of course, we've see that before from that data set and the consumer keeps on humming so it's going to come down to the hard data.

European equity close: Solid week in contrast to the US

Posted: 12 Nov 2021 08:36 AM PST

Closing changes for the main European bourses: - UK FTSE 100 -0.4% - German DAX flat - French CAC +0.4% -- record high (weekly chart above) - Italy MIB +0.3% On the week:

US dollar dips after drop in consumer sentiment

Posted: 12 Nov 2021 07:16 AM PST

US dollar slips Higher inflation and a softer consumer is a bad mix for the US economy. Consumer sentiment in the University of Michigan survey in November.

US September JOLTS job openings 10.438M versus 10.300M estimate

Posted: 12 Nov 2021 07:00 AM PST

Highlights of the job openings and labor turnover survey For the full report The quits rate is now the most valuable part of this survey and it shows some improvement.

US November UMich prelim consumer sentiment 66.8 vs 72.4 expected

Posted: 12 Nov 2021 07:00 AM PST

Consumer sentiment from the University of Michigan This is the lowest in a decade and the University of Michigan noted that one-in-four consumcer cited inflationary reductions in their living standards. Half of households anticipated reduced real incomes next year.

US stocks set for a positive open

Posted: 12 Nov 2021 06:27 AM PST

Sentiment upbeat headed into the open S&P 500 futures are up 15 points, or 0.3%, just ahead of the equity open. It's a similar story in the Dow and Nasdaq.

Can't even afford a cup of coffee in the morning anymore

Posted: 12 Nov 2021 05:48 AM PST

Coffee futures hit a seven-year high Coffee futures just hit a seven-year high. To be honest, coffee futures are a bit of a joke. There's virtually no connection at all between the price you pay at Starbucks and the price of the underlying commodity -- the markup is phenomenal.

Consumer sentiment and the Fed's Williams highlight the calendar

Posted: 12 Nov 2021 05:30 AM PST

What's coming up The tone in markets is largely calm as the week winds down. Economic data today is focused around the 10 am ET hour (1500 GMT) with the release of the U Mich preliminary consumer sentiment data and JOLTS report. Sentiment is forecast to rise to 72.4 from 71.7.

ForexLive European FX news wrap: Steady look ahead of the final stretch this week

Posted: 12 Nov 2021 04:53 AM PST

Forex news from the European trading session - 12 November 2021 Headlines: Marktes: - GBP leads, CHF lags on the day - European equities mostly higher; S&P 500 futures up 0.2%

Austria set to impose lockdown for those not vaccinated against COVID-19

Posted: 12 Nov 2021 04:34 AM PST

The government is likely to decide on that this weekend The nine provinces in the country will be participating in a video call with the government to agree on the measure in order to curb the surge of infections in the country:

US futures point higher ahead of North American trading

Posted: 12 Nov 2021 04:03 AM PST

Stocks look to recover a little ahead of the weekend This follows a more mixed showing yesterday and the slight drop in the prior two days, as equities moderate a little following an impressive run since last week.

Tensions are rising at the Poland-Belarus border

Posted: 12 Nov 2021 03:32 AM PST

Geopolitical risk something to be wary about ahead of the weekend The situation here involves thousands of stranded migrants (mostly from the Middle East and Asia), who are hoping to travel on from Poland onto Europe but are now left stranded at the Belarus border crossing.
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