Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

US October wholesale inventories +2.2% vs +1.4% prior

Posted: 24 Nov 2021 05:31 AM PST

October 2021 inventory data

US October durable goods orders -0.5% vs +0.2% expected

Posted: 24 Nov 2021 05:31 AM PST

US October 2021 durable goods orders data

US Q3 GDP second reading +2.1% vs +2.2% expected

Posted: 24 Nov 2021 05:30 AM PST

The second look at Q3 GDP

US October advance goods trade balance -$82.89B versus -$98.2B prior

Posted: 24 Nov 2021 05:30 AM PST

October trade balance data There was no consensus on this number but I believe it's a pleasant surprise as the deficit narrows to the best level since Dec 2020.

US initial jobless claims 199K vs 260K estimate

Posted: 24 Nov 2021 05:30 AM PST

Weekly US initial jobless claims This is the lowest reading since 1969. That's a remarkable number and will certainly nudge the Fed towards tapering more quickly.

Busy day on the economic calendar ahead of US Thanksgiving

Posted: 24 Nov 2021 05:15 AM PST

Three days of data crammed into one In the lead-up to thanksgiving, US stats officials have been busy getting the numbers ready so they can enjoy the long weekend.

ForexLive European FX news wrap: Dollar continues march higher

Posted: 24 Nov 2021 04:52 AM PST

Forex news from the European trading session - 24 November 2021 Headlines: Markets: - USD leads, NZD lags on the day - European equities lower; S&P 500 futures down 0.3%

France to announce latest COVID-19 measures on Thursday this week

Posted: 24 Nov 2021 04:28 AM PST

A French government spokesman with an update on things The update will come from French health minister, Olivier Véran, with the spokesman highlighting that the government favours strengthening social distancing measures and speeding up the vaccination campaign at this point in time.

OPEC members said to meet on 1 December with OPEC+ meeting planned for 2 December

Posted: 24 Nov 2021 04:13 AM PST

Reuters reports, citing two sources That means it is all going to go according to schedule with the JMMC to convene on 30 November before the meetings come about.

US MBA mortgage applications w.e. 19 November +1.8% vs -2.8% prior

Posted: 24 Nov 2021 04:00 AM PST

Latest data from the Mortgage Bankers Association for the week ending 19 November 2021 -  -2.8% - Market index 651.3 vs 639.9 prior - Purchase index 295.7 vs 282.5 prior Despite a bump higher in the long-term mortgage rate to near the recent peak of 3.30%, purchase activity carried the jump in mortgage applications in the past week. Of

German coalition to prioritise overcoming pandemic, calls it most important job

Posted: 24 Nov 2021 03:46 AM PST

Reuters reports, citing senior officials familiar with talks between the parties Expanding from the headline, the coalition is said to found a COVID-19-specific special taskforce in dealing with the pandemic. Just some details before the announcement, some time around 1400 GMT. This involves the 'traffic light' coalition, as outlined earlier .

UK November CBI trends total orders 26 vs 9 prior

Posted: 24 Nov 2021 03:00 AM PST

Latest data released by CBI - 24 November 2021 CBI notes that: On price expectations, CBI's measure (which gauges price expectations in the next three months) jumped from 59 in October to 67 - the highest since May 1977. And that is reflective of global supply chain issues in light of strong demand conditions too.

Fitch downgrades China's Aoyuan for the third time this month

Posted: 24 Nov 2021 02:17 AM PST

Aoyuan downgraded from 'B-' to 'CCC-' For some context, Aoyuan has $188 million bonds maturing on 20 January 2022 and $500 million bonds maturing on 22 January.

Ifo economist says that there is no let up in supply chain bottlenecks

Posted: 24 Nov 2021 01:08 AM PST

Remarks by Ifo economist, Klaus Wohlrabe The resurgence of COVID-19 cases in the past two months will do little to ease concerns surrounding supply and capacity constraints (in fact, it will just exacerbate them) and that could see the German economy face a troubling next 2-3 months at least.

Germany November Ifo business climate index 96.5 vs 96.6 expected

Posted: 24 Nov 2021 01:01 AM PST

Latest data released by Ifo - 24 November 2021 Supply bottlenecks, rising cost pressures and now the worsening COVID-19 situation are the key factors weighing on business and economic sentiment and all of which are not going to be resolved any time soon by the looks of it.

Switzerland November Credit Suisse investor sentiment -10.8 vs 15.6 prior

Posted: 24 Nov 2021 01:01 AM PST

Latest data released by Credit Suisse and CFA Society Switzerland - 15.6 The headline reading returns to negative territory for the first time since August and is the lowest reading since March 2020. 

German parties in talks to form government said to plan announcement at 1400 GMT

Posted: 24 Nov 2021 12:09 AM PST

Reuters with the headline A deal has been imminent for days now with coalition talks taking place between SPD, Greens, and FDP - what has been described as the 'traffic light' alliance.

European equities a little higher at the open today

Posted: 24 Nov 2021 12:06 AM PST

Light positive tones in Europe The overall mood is leaning towards being more tepid with US futures keeping mixed as S&P 500 futures and Dow futures are both down 0.1% while Nasdaq futures are up 0.1%.

France November business confidence 114 vs 113 prior

Posted: 23 Nov 2021 11:45 PM PST

Latest data released by INSEE - 24 November 2021 - Prior 113; revised to 112 - Industrial confidence 109 - Prior 107 - Services confidence 114 - Prior 114; revised to 113 Overall French confidence levels are seen holding up and that reaffirms a more modest economic performance in November, as outlined by the PMI data yesterday.

France's Le Maire says no major concerns on French economy from latest COVID-19 wave

Posted: 23 Nov 2021 11:36 PM PST

Remarks by French finance minister, Bruno Le Maire Mind you, this is the same guy who played down the initial outbreak of COVID-19 last year back in March. And look what happened then. But I guess he has a job to do.

RBA getting nervous over asset bubbles

Posted: 23 Nov 2021 11:34 PM PST

Will it move them?   The RBA's main stated concerns mainly revolve around inflation and wages. The RBA have expressed a general level of ease with underlying inflation. Even though the headline inflation is at 2.1% the headline inflation is at 3%. So, the headline from the . 

China vice commerce minister says will introduce new measures to stabilise trade in due course

Posted: 23 Nov 2021 11:27 PM PST

China vice commerce minister says that there are still many concerns surrounding foreign trade conditions There have been concerns surrounding China's economic prospects but I guess this provides some comfort that local authorities are going to provide some form of supportive measures come what may - a message that they're reaffirming over the past week.

Eurostoxx futures +0.3% in early European trading

Posted: 23 Nov 2021 11:11 PM PST

A lightly more positive mood in early trades This comes as US futures also pare earlier losses, with S&P 500 futures now up 0.1%, Nasdaq futures up 0.2%, and Dow futures flat on the day.

Trade ideas thread - European session 24 November 2021

Posted: 23 Nov 2021 10:11 PM PST

Daily thread to exchange ideas and to share your thoughts I know it isn't a holiday on Friday but typically US traders will be off for an extended weekend so one can expect things to also be quieter then.

Japan says no decision on timing of sale of oil reserves

Posted: 23 Nov 2021 09:39 PM PST

Japan says that the government will sell a few hundred thousand kilolitres of oil from its stockpile
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