Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

NZD traders - heads up for the GDT dairy auction coming up Tuesday 16 November 2021

Posted: 15 Nov 2021 03:51 PM PST

GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday The most recent results: Expectations I have seen are for another rise in the index. Tighter supply is being reflected in the rising price and expectations for the same again today. 

Xi-Biden summit meeting expected to begin around 0040GMT

Posted: 15 Nov 2021 03:31 PM PST

Earlier post here:    China's President Xi and US President Biden are meeting Monday evening (US time) I didn't have much of an indication to the start time but have heard 0000 GMT to 0045 GMT bandied about. And the expected duration of the virtual summit from 2 to 3 hours. 

China's President Xi and US President Biden are meeting Monday evening (US time)

Posted: 15 Nov 2021 02:41 PM PST

Its a virtual meeting, Monday US time and Tuesday China time. Top level meetings like this 99.99% of the time result in bland sort of readouts. Still, there may be something. Its not like the two sides are in agreement on issues such as Taiwan. 

Australia weekly consumer confidence 106.0 (prior 109.0)

Posted: 15 Nov 2021 02:30 PM PST

ANZ/Roy Morgan survey of consumer sentiment down nearly 3% on the week. ANZ remarks:    I don't know who ANZ survey for this indicator but I'd be very surprised if much of the Australian population was all that keen on following developments in the US CPI. Still, ANZ seem to think so, best I don't argue with them. 

Forexlive Americas FX news wrap: EUR breaks and trends lower

Posted: 15 Nov 2021 02:19 PM PST

Forex news for North American trading on  November 15, 2021 The economic calendar was modest with the November Empire manufacturing index the only US release. That index came in at 30.9 versus 22.0 estimate. New orders and shipments rose substantially, but prices received in paper also elevated. The 6 month forward index also fell versus last month but still remain solidly positive.

Trade ideas thread - Tuesday 16 November 2021

Posted: 15 Nov 2021 01:48 PM PST

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:         

Retail sales highlights the events tomorrow

Posted: 15 Nov 2021 12:29 PM PST

Retail sales, industrial production, business inventories and Fed speak on the agenda tomorrow In the European session tomorrow:

Congressional Budget Office to release cost estimate for Build Back Better

Posted: 15 Nov 2021 10:58 AM PST

Score will be important for key Democratic  The Congressional Budget Office (or CBO) is to release it's cost estimate for the Build Back Better Act by November 19th.  The $1.75 trillion social spending and climate package is touted as being paid for.  

Gasparino: 50-50 Powell is renominated

Posted: 15 Nov 2021 10:46 AM PST

Lael Brainard spoke with Biden last week. Granted it is a tweet promoting a segment on Fox Business, but Fox's Charles Garparino is putting the odds of Fed Chair Powell at 50-50.  

Bank of England's Bailey: Very uneasy about inflation situation

Posted: 15 Nov 2021 06:35 AM PST

Bank of England's Bailey test foreign to Treasury select committee (with others) - Very uneasy about inflation situation - November decision was a very close call BOE Sauders (BOE dissenter for higher rates - Hawk):

Canada home sales rose 8.6% in October from September

Posted: 15 Nov 2021 06:30 AM PST

Canada wholesale prices for October

Equity futures implying a higher opening for the major stock indices

Posted: 15 Nov 2021 06:27 AM PST

Major indices build off the gains from Friday The S&P and NASDAQ are on a two day win streak.

Canada September wholesale trade +1.0% versus 1.1% estimate

Posted: 15 Nov 2021 05:31 AM PST

Canada wholesale trade for September 2021

Canada September manufacturing sales -3.0% versus -3.0% estimate

Posted: 15 Nov 2021 05:31 AM PST

Canada manufacturing sales for September 2021 For the full report

US November Empire manufacturing index 30.9 versus 22.0 estimate

Posted: 15 Nov 2021 05:30 AM PST

New York Fed Empire manufacturing index for November 2021 The six month business condition index for October 2021 fell to 36.9 versus 52.0 last month as manufactures sour on the expectations going forward From the NY Fed:

The calendar is light to start the week

Posted: 15 Nov 2021 04:48 AM PST

Some Canada data and Empire state manufacturing index to be released      There are no scheduled Fed speakers on the docket today.  

ForexLive European FX news wrap: Dollar gains ease, yields retreat awaiting more inflation clues

Posted: 15 Nov 2021 04:40 AM PST

Forex news from the European trading session - 15 November 2021 Headlines: Markets: - AUD leads, EUR lags on the day - European equities a little higher; S&P 500 futures up 0.2%

Biden-Xi meeting is not one "where we expect deliverables to be coming out" - US official

Posted: 15 Nov 2021 03:38 AM PST

Biden is said to tell Xi that China "must play by the rules of the road" At least that is according to a senior US official, speaking to Reuters. The report says:

Eurozone September trade balance €6.1 billion vs €11.1 billion prior

Posted: 15 Nov 2021 02:01 AM PST

Latest data released by Eurostat - 15 November 2021

Equities inch a little higher in European morning trade

Posted: 15 Nov 2021 01:34 AM PST

Fresh record highs for the Stoxx 600 and France CAC 40 indices European indices are slightly higher on the day now with the DAX seen up 0.1% while the CAC 40 is up 0.3% to a fresh record high above 7,100. There hasn't been much let up in the momentum for stocks and the new week

SNB total sight deposits w.e. 12 November CHF 719.2 bn vs CHF 718.4 bn prior

Posted: 15 Nov 2021 01:08 AM PST

Latest data released by the SNB - 15 November 2021

Deutsche Bank CEO calls on central banks to fight inflation

Posted: 15 Nov 2021 12:52 AM PST

Deutsche Bank CEO, Christian Sewing, remarks at a banking conference He says that: "I think monetary policy must take countermeasures here, and sooner rather than later. The supposed panacea of recent years - low interest rates with seemingly stable prices - has lost its effect, and now we are struggling with the side effects." Adding that he does

European equities more tepid at the open today

Posted: 15 Nov 2021 12:14 AM PST

Risk sentiment not hinting at much to start the week Spain's main index is marked lower as BBVA offers to take control of Turkey's Garantin in a $2.6 billion deal, with shares down over 4%. Elsewhere, things are keeping little changed with US futures also not showing much appetite as we get the session underway.

Bitcoin: The inflation buster?

Posted: 14 Nov 2021 11:12 PM PST

Arguments for and against from Bloomberg  One of the strong arguments Bitcoin advocates have made is that Bitcoin provides a good hedge against inflation. However, what are the pros and cons of the argument. Last week a Bloomberg piece put up a few of these arguments and it is worth looking at them here.

Eurostoxx futures -0.1% in early European trading

Posted: 14 Nov 2021 11:11 PM PST

Tepid tones in early trades The overall risk mood is looking more apathetic to start the day, with US futures also not showing much poise thus far - keeping close to flat levels.
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)