Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

US House has passed the infrastructure bill - heads now to Biden for signing

Posted: 05 Nov 2021 11:52 PM PDT

The US House of Representatives passed a bipartisan infrastructure bill late Friday, circa US$550bn.  A second bill (circa $1.75tln) re tax and spending was not voted on yet. Next week the House is on a break so there is least a week's wait for this. A 'procedural' vote passed to tee up voting when the Reps.

ForexLive Americas FX news wrap: Non-farm payrolls beats estimates but dollar slides

Posted: 05 Nov 2021 01:06 PM PDT

Forex news for New York trade on November 5, 2021: Markets: The non-farm payrolls report was solid across the board but not strong enough to shake anyone out of their beliefs. So markets continued to price out rate hikes and squeeze bond shorts. Once again, that led to yen buying in an unwind of some of the

What's on the US economic calendar for the week of Nov 8-12: CPI, Fed talk and a holiday

Posted: 05 Nov 2021 12:31 PM PDT

Highlights to look out for Monday, Nov 8 Tuesday, Nov 9 Wednesday, Nov 10 Thursday, Nov 11 Friday, Nov 12 economic calendar

US Sept consumer credit outstanding +29.9B vs +15.9B exp

Posted: 05 Nov 2021 12:22 PM PDT

US lending data Non-revolving credit is usually student and auto loans while revolving is credit cards. The numbers show a high willingness to spend despite shortages. Early retail sales data for October is also extremely strong.

US House may vote on infrastructure bill today

Posted: 05 Nov 2021 11:33 AM PDT

Will also vote on a rules measure on reconciliation bill This vote won't come before the close of markets but it's something to watch out for. Congress is going on recess and leadership is trying to push through the infrastructure bill.

Baker Hughes US oil rig count 450 vs 444 prior

Posted: 05 Nov 2021 10:41 AM PDT

US drilling data

WTI crude climbs above $81 to test 61.8% retracement of yesterday's sharp drop

Posted: 05 Nov 2021 10:00 AM PDT

Reflation trades strengthen Ongoing signals about extended low rate policy from central banks are sending bullish signals throughout capital markets and oil is no exception.

European equity close: Italian shares surge to finish a strong week

Posted: 05 Nov 2021 09:34 AM PDT

European equity closing levels: Weekly changes: Italy's FTSE MIB index retested the old highs late last week and followed that with gains in four of five days this week. It's clear skies above:

Bond bears are getting chewed up

Posted: 05 Nov 2021 08:04 AM PDT

US and UK rates continued to fall If you're going to short bonds, buy life insurance. The shorts are being carried out in the front end of the UK curve once again today. Comments from MPC members suggest that rates hike are coming soon (if you can trust them) but that's done nothing to stop the price

Fall in Treasury yields weighs on USD/JPY

Posted: 05 Nov 2021 06:34 AM PDT

USD/JPY drops to the lows of the day The enthusiasm in USD/JPY after non-farm payrolls has been erased and the pair is at the lows of the day, down 22 pips to 113.54.

BOEs Ramsden: Inflation expectations and UK have materially increased

Posted: 05 Nov 2021 06:16 AM PDT

Hawkish comments from Ramsden

Euro dips to the lowest since July 2020 after solid US jobs report

Posted: 05 Nov 2021 05:51 AM PDT

Euro breaks support The US dollar is generally stronger after the October non-farm payrolls report showed 513K jobs compared to 425K expected. It's the best reading since July and marks a new post-pandemic low in unemployment at 4.7%.

Canada October employment change 31.2K versus 42K estimate

Posted: 05 Nov 2021 05:30 AM PDT

Latest Canada employment report for October 2021 -  +157K (vs +60K estimate at the time).   - Employment Change 31.2K vs 42K estimate employment changes in some key industries:

US September non-farm payrolls +531K vs +425K expected

Posted: 05 Nov 2021 05:30 AM PDT

US non-farm payrolls employment data for October 2021 - Prior was +194K (+312K) - Two month net revision +235K - Unemployment rate 4.6% vs 4.7% expected - Prior unemployment rate 4.7% This is a good report for everyone. There's some strength here but not enough to shake the Fed from its 'transitory' narrative.

Locked and loaded for US and Canadian jobs data

Posted: 05 Nov 2021 05:13 AM PDT

Big day for markets It's jobs day and a bounce back is due after two soft readings. Check out of all the NFP numbers. If you don't like that, here's what the well-paid wonks .

ForexLive European FX news wrap: Dollar advances ahead of NFP

Posted: 05 Nov 2021 05:00 AM PDT

Forex news from the European trading session - 5 November 2021 Headlines: Markets: - USD leads, AUD and GBP lag on the day - European equities higher; S&P 500 futures up 0.2%

Pfizer reveals COVID-19 pill that cuts risk of hospitalisation, death by 89%

Posted: 05 Nov 2021 03:54 AM PDT

Pfizer says that its pill, used, with an HIV drug, cut the risk of hospitalisation or death by 89% in high-risk adults exposed to COVID-19 This would be the second antiviral pill after Merck's (which is reported to reduce risks of hospitalisation or death by around 50% with mild or moderate cases of COVID-19) to have

German state leaders call for urgent action to address surging COVID-19 cases

Posted: 05 Nov 2021 03:37 AM PDT

German state leaders warn that hospitals could soon be swamped Adding that a new lockdown might be needed unless urgent action is taken to reverse the recent surge in cases. Here's a chart to bring everyone up to speed:
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