Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Germany October final manufacturing PMI 57.8 vs 58.2 prelim

Posted: 02 Nov 2021 01:55 AM PDT

Latest data released by Markit/BME - 2 November 2021 The preliminary report can be found . Much like the French report, supply chain issues are plaguing German manufacturing activity as material shortages weighed heavily on output and new orders last month.

France October final manufacturing PMI 53.6 vs 53.5 prelim

Posted: 02 Nov 2021 01:50 AM PDT

Latest data released by Markit - 2 November 2021 The preliminary report can be found . Little change to the initial estimate as the final report reaffirms the sharpest fall in production since May last year as supply issues intensify, with output levels sliding as firms struggle to secure necessary materials.

Italy October manufacturing PMI 61.1 vs 59.7 prior

Posted: 02 Nov 2021 01:45 AM PDT

Latest data released by Markit - 2 November 2021 "Italy's manufacturing sector recorded another stellar performance during October, opening the final quarter of the year with a near record improvement in conditions amid further steep rises in output and new orders."Supply delays remained severe, however, adding further to inflationary pressures and capacity constraints. Backlogs of work rose at the quickest pace

Spain October manufacturing PMI 57.4 vs 58.1 prior

Posted: 02 Nov 2021 01:15 AM PDT

Latest data released by Markit - 2 November 2021 Markit notes that: "Spain's manufacturing economy continued to expand strongly in October, but the double hit of supply constraints and price pressures served to noticeably limit production growth."Moreover, despite having little choice but to raise their own charges in the face of an onslaught of ever rising costs, there was some evidence from

European equities slightly lower to kick start the day

Posted: 02 Nov 2021 01:10 AM PDT

A touch softer at the open as risk remains tepid US futures are also mildly lower, down by just under 0.1% as the overall risk mood remains more tentative and cautious to start the day. All eyes are still on the Fed but the retreat in bond yields is also keeping traders more anxious in general

Switzerland October CPI +1.2% vs +1.1% y/y expected

Posted: 02 Nov 2021 12:30 AM PDT

Latest data released by the Federal Statistics Office - 2 November 2021

Eurostoxx futures -0.2% in early European trading

Posted: 02 Nov 2021 12:04 AM PDT

Slightly softer tones in early trades This mirrors the tone in US futures, which are down around roughly 0.1% as we look to get things going on the session. The overall risk mood remains more tepid with bond yields sitting lower on the day and that is weighing on yen pairs in general.

Trade ideas thread - European session 2 November 2021

Posted: 01 Nov 2021 11:46 PM PDT

Daily thread to exchange ideas and to share your thoughts US 2-year yields are down by nearly 3.5 bps to 0.48% while 10-year yields are down 2.5 bps to just below 1.55%, as we continue to count down to the FOMC meeting tomorrow.

FOMC expectations: Gold in focus

Posted: 01 Nov 2021 11:44 PM PDT

Trading the Fed's interest rate decision The base case for the FOMC is quite straight forward: - A taper announcement - QE to finish around the middle of next year  However, the decision tomorrow is not. Here is the Fed's problem. Inflation is rising globally and growth is showing signs of slowing. See this excellent graphic courtesy of Nordea

Japan finance minister Suzuki reaffirms that specific monetary policy is up to BOJ to decide

Posted: 01 Nov 2021 11:35 PM PDT

Suzuki remarks after a meeting with BOJ governor Kuroda

Economic data coming up in the European session

Posted: 01 Nov 2021 10:05 PM PDT

Final manufacturing PMI releases on the agenda today The push and pull in the market continues as bond yields are sitting lower today and that is pinning yen pairs lower in general, with USD/JPY down from around 114.00 to 113.65 as we look towards European morning trade.

Latest COVID-19 trend in Germany starts to bring about fresh worries

Posted: 01 Nov 2021 09:46 PM PDT

Cases are on the rise in Germany The 7-day incidence rate may have dropped today to 153.7 from the latest peak yesterday at 154.8 but that is still much higher than the 110.1 reading a week ago. For added context, towards the end of August, the figure was seen just above 50.0.

ForexLive Asia FX news wrap: AUD drops after the RBA

Posted: 01 Nov 2021 08:50 PM PDT

Forex news for Asia trading on Tuesday 2 November 2021 Forex moves were minor during the early part of the Asian day with traders awaiting - the Reserve Bank of Australia on Tuesday

Chinese authorities have urged families to keep stores of daily necessities heading into winter

Posted: 01 Nov 2021 08:11 PM PDT

China's  Ministry of Commerce said the government is striving to ensure supplies of food heading into winter. MinCom  Not an encouraging development this one. 

Japan is considering providing subsidies to firms to raise wages

Posted: 01 Nov 2021 07:18 PM PDT

Japan chief cabinet secretary Matsuno press conference. Covering a wide range of topics. Unrelated, also says PM Kishida to meet with UK PM Johnson to further UK-Japan partnership

Musk says on Hertz: I’d like to emphasize that no contract has been signed yet.

Posted: 01 Nov 2021 06:54 PM PDT

Musk on Tesla and Hertz, reply tweting: This related to the Hertz purchase of Tesla for its fleet. Musk saying the deal is not yet complete. 

Japan's finance minister notes that the yen is weakening but says he has no comment on FX levels

Posted: 01 Nov 2021 06:38 PM PDT

Japan's relatively new finance minister Suzuki. Learning the ropes. Its a bit of a no-no for government ministers to make comments on their currency levels. The agreement amongst the big economies is not to discuss FX rates. Many ignore this of course. 

Australia's largest population state has accelerated easing of restrictions

Posted: 01 Nov 2021 05:03 PM PDT

New South Wales (Sydney is the capital city of NSW) has brought forward freedoms for the vaccinated to Monday November 8. NSW is now at 93.65% first dose Various easings (for the vaccinated), this caught my eye --> nightclubs can reopen dance floors

South Korea October core inflation data the highest since December 2015

Posted: 01 Nov 2021 04:23 PM PDT

CPI data out of South Korea a few minutes ago.  Headline +3.2% y/y  Core inflation +2.4% y/y SK's central bank has a 2% CPI target, October's rate is the 7th consecutive month above target

Australian Inflation Expectations hit their highest for seven years

Posted: 01 Nov 2021 03:31 PM PDT

Data published Monday by Australia's Roy Morgan from their survey for October 2021. - expected inflation 4.8% annually over the next two years This is up 0.3% points, and the highest Inflation Expectations for seven years) since November 2014)

Australia Consumer Confidence weekly index 108.4 (prior 106.8)

Posted: 01 Nov 2021 03:30 PM PDT

ANZ-Roy Morgan Australia Consumer Confidence weekly index  ANZ highlight the inflation expectations results from the weekly survey:

New Zealand Building Permits for September -1.9% m/m (prior +3.8%)

Posted: 01 Nov 2021 02:54 PM PDT

New Zealand data, not shifting the NZD much at all. 

Brexit - UK / France fishing dispute talks will continue Thursday

Posted: 01 Nov 2021 02:41 PM PDT

Latest Headlines via Reuters on the fishing fracas (bolding mine): French EU affairs minister Beaune says France received first signals from UK authorities to speed up talks, an answer to latest french proposals is expected by Wednesday

NZD traders - heads up for the GDT dairy auction coming up Tuesday 02 November 2021

Posted: 01 Nov 2021 02:36 PM PDT

To gain any traction the dairy auction should really be renamed 'CowCoin' or something like that.  The price would go to fifty bazillion too.  Ah well, back to reality....  GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday

Forexlive Americans FX news wrap: Dollar ticks lower as FOMC decision awaited

Posted: 01 Nov 2021 02:10 PM PDT

Forex news for North American trading on November 1, 2021 The US dollar moved modestly lower with the main declines versus the CHF, EUR and NZD. The greenback gained against the GBP (which had traders worried about France/UK fishing license rights tensions). The dollar was little change verse the JPY and the AUD - ahead of the RBA decision in the new trading
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