Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

ECB to look through current inflation surge, stick with easy policy - HSBC

Posted: 18 Nov 2021 03:02 AM PST

ECB to bolster support for more QE next month, says HSBC The firm argues that the surge in inflation pressures in the euro area isn't going to deter the ECB from sticking with its easy stance, despite estimates of annual inflation hitting an all-time high of 4.5% in November, according to HSBC's senior economist.

OECD raises French growth forecasts, says recovery has surpassed most expectations

Posted: 18 Nov 2021 02:57 AM PST

OECD lifts French 2021 growth projection to 6.8% from 6.3% previously Meanwhile, it also raises the 2022 growth projection to 4.2% from 4.0% previously, noting that consumer spending has bounced back robustly on the vaccination campaign.

Where are we now in the inflation debate?

Posted: 18 Nov 2021 02:19 AM PST

Pretty much stuck in the middle At this point, surging inflation pressures are evident across the globe and we're not going to see much reprieve as supply and capacity constraints are persisting rather strongly heading into year-end and the early stages of next year.

S&P says "we still believe Evergrande default is highly likely"

Posted: 18 Nov 2021 12:55 AM PST

S&P Ratings comments on Evergrande - Believes the government wants to unwind Evergrande in a controlled fashion - Or at least let an orderly debt restructuring take place This is all nothing new but the first two points are they key ones to try and pay attention to or at least look for signs about. It all boils

European equities off to a mixed start on the day

Posted: 18 Nov 2021 12:09 AM PST

A mixed showing at the open But the light changes here aren't doing much to destabilise the push so far this month to fresh record highs for the likes of the DAX and CAC 40 in particular.

Barclays sees world economy expanding by 6% this year, followed by 4.4% growth in 2022

Posted: 17 Nov 2021 11:19 PM PST

Some views on the global economic situation by Barclays On the last point, the firm says that "progress on medical treatments could reduce strain on hospitals, prevent new lockdowns, increase leisure and hospitality consumption, and mitigate pandemic-related supply chain problems".

Eurostoxx futures flat in early European trading

Posted: 17 Nov 2021 11:07 PM PST

Tepid tones in early trades Once again, it is looking to be a bit of an unenthusiastic start to European trading although US futures are keeping a touch higher so far on the day.

Switzerland October trade balance CHF 5.65 billion vs CHF 5.05 billion prior

Posted: 17 Nov 2021 11:00 PM PST

Latest data released by the Federal Statistics Office - 18 November 2021

EURCHF: Time for a retracement?

Posted: 17 Nov 2021 10:28 PM PST

EURCHF  The CHF has been strong, much stronger than some have been anticipating. This article will outline some of the reasons for CHF strength and suggest sensible places that risk can be managed in case the EURCHF picks up (spoiler alert, it is expected to).

Trade ideas thread - European session 18 November 2021

Posted: 17 Nov 2021 10:06 PM PST

Daily thread to exchange ideas and to share your thoughts EUR/USD is keeping above 1.1300 but still sits in a rough spot technically, with sellers maintaining near-term control with the 100-hour MA seen only @ 1.1380.

Japan's stimulus package reportedly to require ¥55.7 trillion of fiscal spending

Posted: 17 Nov 2021 09:15 PM PST

Nikkei reports on the figure With Europe and the US looking to pull back on spending, Japan is finding itself in quite the opposite situation as it has to unleash more fiscal stimulus to prop up the economy.

Economic data coming up in the European session

Posted: 17 Nov 2021 09:04 PM PST

A rather empty day beckons in Europe The dollar ended up trading more mixed yesterday as gains cooled against the likes of the euro, yen and pound while it advanced against the loonie and aussie.

Oil - Reports that Iran has increased its high-enriched uranium inventory by 77%

Posted: 17 Nov 2021 08:42 PM PST

The latest International Atomic Energy Agency report says Iran's store of uranium enriched to 60% levels increased 77% to 17.7 kilograms This could be used in nuclear weapons says the report. 

Japan's LDP sec-general says an extra budget of more than 30 tln yen would send a big message

Posted: 17 Nov 2021 08:08 PM PST

The LDP is Japan's governing party (there is a coalition partner).  Kyodo reporting on the comments from the party's Secretary General.  --- Some details on the extra budget were expected by the end of this week. Staying tuned!

ForexLive Asia FX news wrap: Oil drips lower

Posted: 17 Nov 2021 07:55 PM PST

Forex news for Asia trading on Thursday 18 November 2021 There was late afternoon news out of the US regarding further moves to coordinate a release of oil from reserves out of the US, Japan, China, India and South Korea. The requests from the US come after pleas to OPEC to supply more oil have failed. The news on requests to Japan and

30 member countries in the International Energy Agency (IEA) hold oil in reserves

Posted: 17 Nov 2021 07:22 PM PST

With all this talk of tapping into oil reserves here's an explainer on what they are who has these strategic stockpiles.  That's from the Reuters explainer,  

More info on China "carrying out the work of releasing crude oil reserves"

Posted: 17 Nov 2021 06:35 PM PST

Earlier report on this is here: . China is working on a release of oil from reserves China's National Food and Strategic Reserves Administration says  

New Zealand dollar higher after the RBNZ inflation report

Posted: 17 Nov 2021 06:30 PM PST

The Reserve Bank of New Zealand (RBNZ) Q4 2021 survey of expectations data is here:

Japan chief cabinet secretary Matsuno says has no comment on oil reserve release

Posted: 17 Nov 2021 06:24 PM PST

Matsuno acknowledges the report on the US requesting a release of oil from Japan's reserves

China is working on a release of oil from reserves

Posted: 17 Nov 2021 05:50 PM PST

China's National Food and Strategic Reserves Administration says it working to release some of the crude reserve Info comes via the sharp folks over at NewsSquawk 

Baltic Exchange's dry bulk sea freight index fell to its lowest in more than 5 months

Posted: 17 Nov 2021 05:00 PM PST

More widely known as t he Baltic Dry Index (BDI), its a shipping and trade index created by the London-based Baltic Exchange. much more detail available there. 

Global chip shortage news - South Korea's Hynix plans to boost production threatened by US moves over China

Posted: 17 Nov 2021 04:21 PM PST

Reuters have the report concerning threats to plans made by South Korea chip manufacturer Hynix. - planned to overhaul a large facility in China - with the intent of making memory chips more efficiently

European Union lawmakers agree on how to target big tech firms to limit anti-competitive practices

Posted: 17 Nov 2021 04:03 PM PST

Reuters cite the FT on news that the EU parliament agreed to a deal  Firms such as  will be scope of the new laws.    Link here for more detail.

China Evergrande unit to sell all its shares of Hengsten

Posted: 17 Nov 2021 03:59 PM PST

Selling all 1.6bn of its shares as EV seeks to raise funds to pay debts. 

South Korea financial markets will open an hour later than usual on Thursday 18 November 2021

Posted: 17 Nov 2021 03:08 PM PST

For the traders of the SK markets  Financial markets will open at 10am Seoul time Info via Reuters. The later opening is due to a nationwide college entrance exam (SK students punt the KOSPI I guess ;-)  ) 
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