Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

US Senator Manchin says has not restarted talks with Biden on Build Back Better program

Posted: 19 Jan 2022 03:30 PM PST

Manchin was asked if he's having renewed conversations about Build Back Better and Biden's "break it up into chunks" comment at the (Biden) news conference: "Not yet, no one has come to me on that," 2022 looks to be another year of drawn out negotiations on Biden's plans. At least so far.  --

Japanese media say Tokyo will raise its coronavirus alert to the highest level

Posted: 19 Jan 2022 02:31 PM PST

Yesterday Japan placed Tokyo and 12 other areas under a coronavirus quasi-state of emergency,  this was well flagged and came after a record 41,487 new infections were reported nationwide The decision allows the governors of Tokyo and the dozen other prefectures to ask restaurants and bars t

New Zealand Food price Index forDecember +0.6% m/m

Posted: 19 Jan 2022 01:49 PM PST

New Zealand data point is not really much of a focus - Biden is speaking at a news conference across a broad range of topics - that's where the attention is for now. 

US President Biden says will keep working to try to increase the supply of oil

Posted: 19 Jan 2022 01:44 PM PST

Biden led a global release of oil from strategic reserves but since then prices have climbed even higher. Biden talks about asking OPEC+ to increase output (the cartel and its partners seem to be running into capacity constraints even if they wanted to do this) while on the other hand hindering outp

US President Biden warns Russia not to invade Ukraine

Posted: 19 Jan 2022 01:41 PM PST

Press conference is ongoing. 

Economic calendar due from Asia today - PBOC rate setting day

Posted: 19 Jan 2022 01:40 PM PST

The main event today is the People's Bank of China setting its Loan Prime Rates (0130 GMT), earlier posts: ICYMI - PBOC to open the taps, more policy easing is coming analysts expect prime rate cut Thursday Also of note is the Australian employment report (0030 GMT): Australian Dec

Trade ideas thread - Thursday 20 January 2022

Posted: 19 Jan 2022 01:39 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:

Australia’s drug regulator grants provisional approval to two oral treatments for COVID-19

Posted: 19 Jan 2022 01:38 PM PST

Some local Oz news

Private oil survey data shows build in headline crude inventory

Posted: 19 Jan 2022 01:35 PM PST

The inventory data from the private survey is out now, official data follows Wed. morning (US time) NUmbers via Twitter: Expectations I had seen for the survey results: Headline -0.9m barrels gasoline +2.6m distillate -0.9m

Forexlive Americas FX news wrap: The dollar falls in reaction to lower yields. Stocks tumble into the close.

Posted: 19 Jan 2022 01:19 PM PST

Will the Fed end the taper early? EUR/USD 'prefect storm' likely to pass - Credit Agricole U.S. Treasury sells $20 billion of 20 year notes at a high yield of 2.210% Crude oil continues it's race to the upside European major indices closed mostly higher. The exception is Italy.

Biden - job to make sure inflation does not become entrenched lies with the Fed

Posted: 19 Jan 2022 01:11 PM PST

Comments on the virus, says Omicron is not a cause for panic. should have done more testing earlier, but doing more now will stick vaccination efforts because they work not returning to lockdowns or closing schools On the Federal Reserve: Fed has a critical job to do making sure

US equities sink to session lows at the close. Nasdaq decline hit 10%

Posted: 19 Jan 2022 01:02 PM PST

It was an ugly finish for US stocks as heavy selling hit in the final half hour of trade to extend the decline in the S&P 500 to 1%. S&P 500 -45 points to 4532 Nasdaq Comp -1.1% (now down 10.7% from the Nov 19 high) Russell 2000 -1.2% DJIA -1.0% The S&P 500 closed right at the Dec

Is Russia really going to invade Ukraine?

Posted: 19 Jan 2022 12:46 PM PST

There's always talk about war and it rarely happens. Two years ago the US was assassinating a Iranian general and an airliner was shot down. It ultimately amounted to nothing market moving. For weeks, we've been hearing about Russian troop buildups on the Ukraine border. Supposedly, there

EUR/USD 'prefect storm' likely to pass - Credit Agricole

Posted: 19 Jan 2022 10:55 AM PST

    Credit Agricole CIB Research sees limited scope for further EUR/USD decline in the near-term. "The EUR has emerged as one of the worst performing major currencies so far this week. Escalating geopolitical tensions with Russia have conspired with retur

U.S. Treasury sells $20 billion of 20 year notes at a high yield of 2.210%

Posted: 19 Jan 2022 10:02 AM PST

High yield of 2.210%WI level at time of auction 2.225%Tail -1.5 basis points vs 6 month average of 1.2 bpsDirects 17.0%vs six month average of 18.8%Indirects 66.2% vs six month average of 62.8%Dealers 16.8% vs six month average of 18.4%Auction Grade: A-The 20 year auctions have not been well support

U.S. Treasury to auction off $20 billion of 20 year bonds at the top of the hour

Posted: 19 Jan 2022 09:53 AM PST

The U.S. Treasury will auction off $20 billion a 20 year bonds at the top of the hour.The last auction high yield came in at 1.942%. The six month averages 1.97%. The current yield is 2.219%.The six month major components showed:bid to cover, 2.39XDirects (domestic demand), 18.8%Indirects (internati

The rally just won't stop: WTI crude hits $87

Posted: 19 Jan 2022 09:09 AM PST

At this point, I have to believe that there are oil buyers anticipating a Russian invasion of Ukraine. The buying has been absolutely relentless. Yesterday was a tell with oil up $1 despite US stocks falling 2%. Moreover, the latest gains come despite a $21 one-way rally since December 20

European major indices closed mostly higher. The exception is Italy.

Posted: 19 Jan 2022 08:39 AM PST

The major European indices are closing mostly higher with the exception being Italy's FTSE MIB. The provisional closes are showing: German DAX, +0.1% France's CAC, +0.4% UK's FTSE 100, +0.3% Italy's FTSE MIB -0.5% Spain's Ibex unchanged In the European debt market, the benchma

Major US indices give up gains

Posted: 19 Jan 2022 08:00 AM PST

The major US stock indices have given up their gains for the day with the Dow and S&P trading above and below unchanged. The NASDAQ is modestly lower. Dow industrial average up 7.58 points or 0.02% at 35374.34 S&P index up 1.5 points or 0.03% at 4578.36 NASDAQ index down 17.2 points or

Gold rises to the highest since November

Posted: 19 Jan 2022 07:13 AM PST

The dip in rates today has flipped the switch in a number of markets. US equity futures bottomed when yields peaked earlier and gold is now riding high. It's up $22 to $1836, breaking the high of $1831 at the turn of the year and trading at the best levels since November 22. The breakout -

Beijing records 5 new local covid infections. Mass disinfection of mail begins

Posted: 19 Jan 2022 06:43 AM PST

A bit of hysteria is setting into Beijing after officials said covid may have arrived in the mail. Couriers have been ordered to disinfect mail and people are being ordered into testing after buying packages online: "I just found my code had turned yellow, and I received a call saying I

US stocks higher. Modest gains for the major indices after the sharp declines yesterday

Posted: 19 Jan 2022 06:34 AM PST

The major indices have open higher oh with modest gains after yesterday's sharp declines. A snapshot of the market currently shows:Dow industrial average +70 points or 0.20% at 35441S&P index up 19 points or 0.39% 4594.50NASDAQ index up 69 points or 0.48% 14579.52Russell 2000 index up 10 points at 2

Gold tries to shake off the cobwebs in $10 rise

Posted: 19 Jan 2022 06:03 AM PST

Buyers have breathed some fresh life into gold in early North American trading as it pips to $1822, up $10 on the day. The high for the year for gold came on the first trading day of January as it touched $1831. It then slid to $1787 by the end of the first week of trading and has stayed wi

US December building permits 1.873M versus 1.71M estimate

Posted: 19 Jan 2022 05:29 AM PST

US housing starts near high levels The US building permits and housing starts for December 2021 building permits 1.873M versus 1.71M estimate housing starts 1.702M versus 1.65M estimate. Housing starts last month 1.678M versus 1.679M previously reported) building perm

Canada December CPI +4.8% y/y vs +4.8% expected

Posted: 19 Jan 2022 05:28 AM PST

   Highest since 1991 Prior was +4.7% CPI m/m -0.1% vs -0.1% expected (first decline since Dec 2020) Full report Core measures: Common +2.1% vs +2.1% expected Median +3.0% vs +2.9% expected Trimmed +3.7% vs +3.4% expected Some highlights y/y: food +5.2
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