Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Forexlive Americas FX news wrap: US jobs report better than the first look

Posted: 03 Dec 2021 09:00 AM PST

Forex news for North American trading on December 3, 2020 It will be an early close for Forexlive this weekend as our technology staff takes over with some changes.  

Goldman Sachs expects a doubling of taper in December

Posted: 03 Dec 2021 08:23 AM PST

… And first rate hike in June 2022 Going also expects the Fed to start to tighten in June 2022.  

US factory orders for October 1.0% versus 0.5% estimate

Posted: 03 Dec 2021 07:00 AM PST

US factory orders for October 2021

ISM November services PMI index 69.1 versus 65.0 estimate

Posted: 03 Dec 2021 07:00 AM PST

ISM services PMI index for November - prior month 66.7 - new orders 69.7 versus 64.0 estimate. Last month 69.7 - employment index 56.5 versus 52.2 estimate. Last month 51.6

Markit PMI composite index for November 57.2 versus 56.5 preliminary

Posted: 03 Dec 2021 06:45 AM PST

Preliminary estimate came in at 56.5. Services index comes in at 58.0 up from 57.0 in the flash estimate - Markit PMI composite 57.2 versus 56.5 preliminary

U.S. Treasury currency report says no major trading partners manipulated exchange rates

Posted: 03 Dec 2021 06:07 AM PST

U.S. Treasury currency report The U.S. Treasury currency report is out saying that: The USDCHF moved lower on the back of the headline jobs report, but has bounced back higher.

Canada November employment +153.7K vs +35.0K expected

Posted: 03 Dec 2021 05:30 AM PST

Canadian jobs data for November 2021: This is a sensational report. USD/CAD has immediately fallen to 1.2775 from 1.2817 but mixed in with that is the impact of the US non-farm payrolls report.

US November nonfarm payroll 210K vs 550K estimate.

Posted: 03 Dec 2021 05:30 AM PST

US nonfarm payroll employment data for November 2021 Looking at the different sectors: Goods Producing 60K versus 108K last month Service jobs 175K versus 534K lat month (revised from 496K last month):

Locked and loaded for another edition of jobs Friday

Posted: 03 Dec 2021 05:08 AM PST

US and Canada jobs reports to be announced at 8:30 AM ET It's Unemployment (unenjoyment?) day in both the US and Canada. Traders are locked and loaded and all carbed/proteined/caffeined up for the fireworks.   

ForexLive European FX news wrap: Dollar steady ahead of payrolls

Posted: 03 Dec 2021 04:38 AM PST

Forex news from the European trading session - 3 December 2021 Headlines: Markets: - CHF leads, AUD lags on the day - European equities mildly higher; S&P 500 futures flat

BioNTech CEO: I think we will need a new vaccine against COVID-19

Posted: 03 Dec 2021 02:43 AM PST

BioNTech CEO, Ugur Sahin, remarks

Eurozone October retail sales +0.2% vs +0.2% m/m expected

Posted: 03 Dec 2021 02:00 AM PST

Latest data released by Eurostat - 3 December 2021

Aussie and kiwi continue to dribble lower on the day

Posted: 03 Dec 2021 01:37 AM PST

Dollar keeps steadier for the most part, risk remains tentative AUD/USD is down 0.6% to 0.7049 now with NZD/USD also dragged lower by 0.6% to 0.6773 as both pairs are hitting fresh lows on the day.

UK November final services PMI 58.5 vs 58.6 prelim

Posted: 03 Dec 2021 01:30 AM PST

Latest data released by Markit/CIPS - 3 December 2021 here Of note, prices charged by service providers also increased at the fastest rate since the survey began in July 1996. Markit notes that:

Barclays views limited upside for equities next year, sees S&P 500 hitting 4,800

Posted: 03 Dec 2021 01:27 AM PST

Barclays sets a price target of 4,800 for the S&P 500 in 2022 That is their baseline scenario, accounting for the view that "household and corporate cash hoards should support modest earnings growth" although they outline the key risks to the outlook being "persistent supply chain woes, reversal of goods consumption to trend, and China hard-landing".

Eurozone November final services PMI 55.9 vs 56.6 prelim

Posted: 03 Dec 2021 01:00 AM PST

Latest data released by Markit - 3 December 2021 here Services activity held up modestly but with virus fears returning, that could dampen sentiment heading into year-end. As for the manufacturing sector, supply bottlenecks and rising cost pressures (accelerating inflation) will be persistent problems still.

Germany November final services PMI 52.7 vs 53.4 prelim

Posted: 03 Dec 2021 12:55 AM PST

Latest data released by Markit/BME - 3 December 2021 here Supply bottlenecks, rising cost pressures, and now omicron fears will continue to weigh further on the outlook as near-term prospects look rather dim for the economy.

France November final services PMI 57.4 vs 58.2 prelim

Posted: 03 Dec 2021 12:50 AM PST

Latest data released by Markit - 3 December 2021 The preliminary report can be found . A slight revision lower but services activity still improved to a five-month high as firms reported strong demand pressures.

Italy November services PMI 55.9 vs 54.8 expected

Posted: 03 Dec 2021 12:45 AM PST

Latest data released by Markit - 3 December 2021 "Italy's service sector recorded stronger growth during November, with both business activity and new work rising at their fastest rates since August amid reports of strong client demand. Subsequently, companies expanded their workforces further, with job creation the strongest for four months and solid."Across the private sector as a whole, output expanded at

Spain November services PMI 59.8 vs 58.8 expected

Posted: 03 Dec 2021 12:15 AM PST

Latest data released by Markit - 3 December 2021 That said, price pressures intensified with operating expenses increasing at the fastest rate in over 22 years as charges also followed a similar trend.

European equities open higher to kick start the day

Posted: 03 Dec 2021 12:06 AM PST

Some catch up to Wall Street gains yesterday The subdued close yesterday saw European indices miss out on the later gains in US stocks, so the gains today are in part to do with some catch up play.

French health minister says latest COVID-19 wave peak could be "very elevated"

Posted: 02 Dec 2021 11:47 PM PST

Remarks by French health minister, Olivier Véran - The peak could be reached in January - By the end of January, the peak could be "very elevated" It seems like Veran is succumbing to the fact that the omicron variant is going to be more widespread across Europe and may eventually take over from delta as being the dominant

Gold, NFP, the Fed, & the ECB

Posted: 02 Dec 2021 11:43 PM PST

What to look for today from the NFP Trading gold has been relatively straight forward as of late. When real yields and the USD fall together gold rises. When real yields and the USD rises then gold falls.

Eurostoxx futures +0.7% in early European trading

Posted: 02 Dec 2021 11:07 PM PST

Europe continues to play catch up in early trades Yesterday, European equities played catch up to losses in Wall Street from Wednesday and today, they are playing catch up to the gains that came after the Europe close in the day before as US stocks surged higher thereafter.

Trade ideas thread - European session 3 December 2021

Posted: 02 Dec 2021 10:32 PM PST

Daily thread to exchange ideas and to share your thoughts Major currencies aren't showing a whole lot of appetite but the dollar continues to keep firm as the Fed continues to fuel the rate hike fire.
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