Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

NZD traders heads up - ANZ boost their milk price forecast

Posted: 29 Nov 2021 02:39 PM PST

From ANZ, have revised its farmgate milk price forecast for the 2021-22 season Dairy is a huge export earner for New Zealand, higher prices are a positive input for the NZ dollar. 

US Treas Sec Yellen says failure to extend the debt limit will eviscerate the economic recovery

Posted: 29 Nov 2021 02:19 PM PST

Selected remarks from  US Treasury Secretary Yellen's prepared speech to the US Senate banking committee tomorrow.

Trade ideas thread - Tuesday 30 November 2021

Posted: 29 Nov 2021 01:50 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:         

ForexLive Americas FX news wrap: Covid fears ebb but linger

Posted: 29 Nov 2021 01:19 PM PST

Forex news for North American trading on November 29, 2021: Markets: The market was holding its breath today on omicron and I don't think you can exhale yet. There was some optimism but aside from the Nasdaq, the recovery was certainly incomplete. In other cases it was non-existent.

Economic calendar due from Asia today - Tuesday 30 November 2021

Posted: 29 Nov 2021 01:19 PM PST

A packed data agenda ahead for the session, China PMIs the highlight 2205 GMT - Federal Reserve Bowman speaking 0030 GMT from Australia: 2330 GMT Japan Jobless (Unemployment) rate for October 

Defcon alert raised to Level 4

Posted: 29 Nov 2021 01:15 PM PST

A couple of geopolitical events contributing:  (this the 'Private U.S. Intelligence Gathering Informative Organization') Link for more Stay tuned to see if the officials follow suit. 

Wal-Mart offers a hint that supply chain problems are improving

Posted: 29 Nov 2021 12:11 PM PST

Dallas Fed today had other hints Wal-Mart's CEO is on the wires right now saying that he's seen a 26% increase in containers going through US ports over the past four weeks.

Oil bulls stay tentative with risks extending beyond omicron

Posted: 29 Nov 2021 11:53 AM PST

Disappointing finish as WTI settles below $70 WTI crude settled up $1.80 to $69.95 but well below the $72.91 high. The selling has continued after settlement down to $69.48.

How to listen to the sound of covid alarm bells

Posted: 29 Nov 2021 11:12 AM PST

UN: Early evidence on omicron shows risk is 'very high'. Is it high for markets? The UN is out with comments saying that early evidence shows the risk from the new variant is 'very high' and that future surges in covid might have 'severe consequences'.

From omicron to a mega problem for the USD? - Credit Agricole

Posted: 29 Nov 2021 10:44 AM PST

Which currency will be hit most in another wave? For bank trade ideas, . Credit Agricole CIB Research flags 2 headwind factors for the USD in the near-term.

Commodity currencies tentatively rebound as risk sentiment continues to improve

Posted: 29 Nov 2021 10:25 AM PST

Stocks push higher The S&P 500 is up 76 points to 4670, breaking the 61.8% retracement level and underscoring the buy-the-dip mentality in stocks. It's an impressive rebound from Friday's rout despite the continued uncertainty around omicron.

The S&P 500 is testing the 61.8% retracement of Friday's decline

Posted: 29 Nov 2021 09:22 AM PST

Big level being challenged The market likes what it's hearing from Biden but more importantly, there's optimism that omicron won't cause any big problems. Moreover, there should be little fear that the Fed will speed up the taper in December.

Biden: US won't need shutdowns or lockdowns this winter

Posted: 29 Nov 2021 09:12 AM PST

Americans hate vaccine curbs I don't think this comment is a surprise to anyone. Vaccine lockdowns are political suicide in much of the USA. He also said that he doesn't currently think that additional measures will be needed and that it hasn't been recommended to increase screening for domestic travel.

Iran top nuclear negotiator says he's optimistic after Monday talks

Posted: 29 Nov 2021 09:02 AM PST

Big week for oil Between the talks in Vienna, omicron and OPEC+, this will be a big week for the oil market. Comments like this are tough to take at face value. In earlier comments today Iran was taking a hard line. Political negotiations are extremely tough to read.

China is the real problem with omicron

Posted: 29 Nov 2021 08:34 AM PST

At some point, China won't be able to stop it The best-case scenario for omicron right now is that it's a more-contagious strain that makes people less sick. For most of the world, that's a decent trade off. Vaccines should provide great protection and it may sweep across the globe without overwhelming healthcare systems. Over time, people

Dallas Fed manufacturing business index +11.8 vs +14.6 prior

Posted: 29 Nov 2021 07:32 AM PST

Dallas area manufacturing data The in this report are often revealing. comments

Hospitalizations rise in the epicenter of omicron

Posted: 29 Nov 2021 07:26 AM PST

A look at the latest Guanteng data The market is feeling better about the possibility of mild illness from omicron but the data will ultimately be where the market goes.

US October pending home sales +7.5% m/m versus +1.0% expected

Posted: 29 Nov 2021 07:00 AM PST

US October pending home sales The US housing market is beginning to heat up again.

Iran says no return to 2015 nuclear deal without lifting of all US sanctions

Posted: 29 Nov 2021 06:57 AM PST

Iran isn't backing down With oil prices causing headaches for the Biden administration, Iran doesn't appear to be in any rush to kowtow to US demands in nuclear talks.

Twitter shares jump on report that Jack Dorsey will step down as CEO

Posted: 29 Nov 2021 06:28 AM PST

Twitter co-founder to step down Shares of Twitter are soaring in the pre-market on a CNBC report that co-founder Jack Dorsey will step down as CEO. I have mixed feelings on this one. In terms of the shares, it's unambiguously positive and they're up 12% on the news. He was a part-time CEO (he also runs Square)

Canada October producer price index +1.3% m/m vs +1.0% prior

Posted: 29 Nov 2021 05:32 AM PST

Canada October industrial product price data Any time you have producer prices climbing more than 1% monthly and raw materials up nearly 5%, you have a problem.

Canada Q3 current account +1.37B vs +1.90B expected

Posted: 29 Nov 2021 05:31 AM PST

Canadian third quarter current account data This is the third consecutive surplus after a string of deficits dating back to 2008.

Pfizer CEO: We might need annual vaccinations to fight covid-19

Posted: 29 Nov 2021 05:26 AM PST

Bourla on CNBC What a blessing that there are companies that can scale up to this degree.

Everyone is a virologist today but the economic calendar keeps on turning

Posted: 29 Nov 2021 05:16 AM PST

Big day in markets, data probably not a factor The mood today is optimism with about half of the declines from Friday retraced in virtually every market. There's plenty to digest on the omicron front and there is a long list of things to be worried or optimistic about. I wonder though, are market participants leaning towards

Germany November preliminary CPI +5.2% vs +5.0% y/y expected

Posted: 29 Nov 2021 05:00 AM PST

Latest data released by Destatis - 29 November 2021 The ECB maintains that inflation will peak this month but for it to come back all the way down from such elevated levels is perhaps a different conundrum to work through.
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)