Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Eurozone September retail sales -0.3% vs +0.2% m/m expected

Posted: 05 Nov 2021 03:03 AM PDT

Latest data released by Eurostat - 5 November 2021

Evergrande reportedly sold off private jets to bring in much needed cash

Posted: 05 Nov 2021 02:50 AM PDT

Wall St Journal reports The sale raked in more than $50 million as Evergrande sold off two of its private jets (Gulfstream jets), in order to raise cash to avert a default on its US dollar debt. It is reported that the sales were closed in October, the same month that the firm made two overdue

UK: Growing expectation that Article 16 will be triggered

Posted: 05 Nov 2021 02:24 AM PDT

RTE Europe editor, Tony Connelly, reports The tweet thread reads: Article 16 update: growing expectation that the UK will trigger. Much more intense discussion in the European Commission about how the EU shd respond.While the Commission has avoided detailed discussion till now with member states, preferring to regard it as hypothetical, there are more contacts now with

JP Morgan slashes China Q4 GDP forecast to 4.0% from 5.0% q/q previously

Posted: 05 Nov 2021 01:56 AM PDT

Another cut to China growth forecasts JP Morgan cites the lingering impact of the power crunch and resurgence of COVID-19 clusters as the main reasons, adding to further cuts in China forecasts as of late .

European equities more tepid at the open today

Posted: 05 Nov 2021 01:08 AM PDT

A lack of interest as investors wait on US non-farm payrolls This mirrors the tone in US futures, which are marked down by roughly 0.1% as we get things going on the session. There is little conviction in the market for the time being, with all eyes on the US jobs report later today.

Switzerland October foreign currency reserves CHF 923.0 billion vs CHF 939.8 billion prior

Posted: 05 Nov 2021 01:05 AM PDT

Latest data released by the SNB - 5 November 2021

China property developers facing a troubling end to the week

Posted: 05 Nov 2021 01:02 AM PDT

Kaisa to sell assets after missing payment and Fantasia's project firm is said to not have repaid principal and interests as of today This isn't quite getting a wider airing and probably not enough attention as it should. As much as Evergrande is the big name that everyone is watching out for, it isn't the only

Eurostoxx futures flat in early European trading

Posted: 05 Nov 2021 12:07 AM PDT

Tepid tones in early trades A bit of a mixed and lazy mood as we look to get things underway in Europe, which more or less mirrors that of US futures. S&P 500 futures and Nasdaq futures are both flat while Dow futures are down 0.1% at the moment.

UK October Halifax house prices +0.9% vs +0.4% m/m expected

Posted: 05 Nov 2021 12:00 AM PDT

Latest data released by Halifax - 5 November 2021 Slight delay in the release by the source. UK house prices continue to soar with the average UK property price now climbing to a record £270,027. Halifax notes that:

Germany September industrial production -1.1% vs +1.0% m/m expected

Posted: 05 Nov 2021 12:00 AM PDT

Latest data released by Destatis - 5 November 2021

Trade ideas thread - European session 5 November 2021

Posted: 04 Nov 2021 11:28 PM PDT

Daily thread to exchange ideas and to share your thoughts I don't see the jobs report as being a game changer whatsoever but any misses/issues that can be scrutinised will be ones the market may take offense especially with bond traders still figuring themselves out over the past few days post-FOMC.

Is the NZDJPY perfect for a swing trade?

Posted: 04 Nov 2021 11:23 PM PDT

NZDJPY Inflation is rising (like almost everywhere) New Zealand Q3 inflation has risen at its fastest pace in 10 years with the. The annual inflation rate move up to 4.9% from 3.3% in the second quarter.

Economic data coming up in the European session

Posted: 04 Nov 2021 10:29 PM PDT

A couple of light releases in the run up to the US non-farm payrolls The market is keeping steadier so far on the day with FX showing little poise while US futures are also flattish for the most part going into European morning trade.

US non-farm payrolls in focus today

Posted: 04 Nov 2021 09:52 PM PDT

NFP to round things off in trading this week Amid all the focus on central banks over the past few days, one can easily forget that we still have one of the bigger data points that the Fed and the market tends to look at.

ForexLive Asia FX news wrap: AUD and NZD lose a little ground

Posted: 04 Nov 2021 08:48 PM PDT

Forex news for Asia trading on Friday 5 November 2021 It was a session of limited major FX rate movement awaiting the US nonfarm payroll report, but some property sector concerns accelerated in China. More to come on this.

Japanese PM Kishida tells the finance ministry to look into tax breaks for wage rises

Posted: 04 Nov 2021 08:08 PM PDT

New Japanese Prime Minister Kishida has made mention before of wanting support given to pay hikes. He wants a more widely spread stimulus package (eg wage rises) than has normally been the case under his predecessors Abe and Suga.

Biden, Xi may be close to reopening shuttered consulates - a sign of improving relations

Posted: 04 Nov 2021 07:56 PM PDT

China's President Xi and US President Biden 'may' be getting close to reopening closed consulate offices reports US political site POLITICO Politico citing unnamed sources

Japan's Economy Minister says will take into account energy prices in compiling stimulus

Posted: 04 Nov 2021 07:11 PM PDT

Economy Minister Yamagiwa says will take into account the impact of energy prices on the economy in compiling the stimulus package

Chinese regulators have told some banks to limit their wealth management assets at current levels

Posted: 04 Nov 2021 06:51 PM PDT

Caixin (Chinese private media) with the report on WMPsin China, citing unnamed 'industry insiders'. The report is gated, if   you can access it, here is the link for more.

JP Morgan see signs global production bottlenecks may have begun to ease

Posted: 04 Nov 2021 06:45 PM PDT

JPM citing global auto sales up 3.8%m/m for October. The analysts say at least for this one specific sector

Chinese developer Kaisa shares suspended in Hong Kong

Posted: 04 Nov 2021 06:12 PM PDT

Shares of  Kaisa Group Holdings Ltd.  and several units suspended from trading in Hong Kong on Friday morning No reason yet given for the suspension. Of course, the China property sector has been facing liquidity pressure.

Goldman Sachs likes CAD longs

Posted: 04 Nov 2021 04:31 PM PDT

Remarks from Goldman Sachs on the Canadian dollar, via eFX

Japan household spending for September +5.0% m/m (expected 2.8%)

Posted: 04 Nov 2021 04:30 PM PDT

Overall household spending data from Japan for September 2021  +5% m/m  -1.9% y/ySpending beat will be some encouragement to policy makers in japan. 

China's state planner says coal inventory levels are back to normal

Posted: 04 Nov 2021 03:49 PM PDT

The National Development and Reform Commission of the People's Republic of China (NDRC) is the state planner. Coal prices have plunged from their highs, assisted by official intervention (from the state planner and other authorities). China's electricity producers were caught between high coal prices and limited ability to charge higher prices for power (China controls power

Goldman Sachs on oil - stay bullish. Any US SPR release a temporary relief only, may back-fire.

Posted: 04 Nov 2021 03:26 PM PDT

Adding to this posted earlier:  Will the US respond to OPEC's "No extra output for you!" by releasing oil from its strategic reserve? Goldman Sachs say any release from the US Strategic Petroleum Reserve (SPR) would provide only temporary price relief, and could backfire if it dissuades shale producers. 
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