Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

US November construction spending +0.4% vs +0.6% expected

Posted: 03 Jan 2022 06:59 AM PST

Prior was +0.2% Private spending +0.6% Public spending -0.2% This is a small disappointment but not something the market will dwell on.

Markit December final US manufacturing PMI 57.7 vs 57.8 prelim

Posted: 03 Jan 2022 06:45 AM PST

    Prelim was 57.8 Prior was 58.3 Siân Jones, Senior Economist at IHS Markit said: "December saw another subdued increase in US manufacturing output as material shortages and supplier delays dragged on. Although some reprieve was seen as supply chains deteriorated to the sma

Commodity currencies continue to slump as the mood sours. Here's why

Posted: 03 Jan 2022 06:38 AM PST

We knew omicron would be bad but seeing it up close highlights the two main risks I highlighted early in the outbreak are in play: 1) China There's a growing outbreak in Hong Kong and officials are struggling in Xian. The hard lockdown there, where people aren't even allowed to get grocer

US stocks open 2022 higher at the open

Posted: 03 Jan 2022 06:36 AM PST

The major US stock indices are opening higher with the NASDAQ index leading the way. The snapshot of the market currently shows: Dow industrial average up 142 points or 0.40% at 36485. S&P index up 24.9 points or 0.52% 4791.10 NASDAQ index up 125.97 points or 0.80% 15771 Russell 20

US 2 year reaches highest level since March 2020

Posted: 03 Jan 2022 06:06 AM PST

The US two year yield has pushed to the highest level since March 2020 as the market continued to price in Fed tightenings in 2022. The two year yield is at the highest level since March 2020 The yield is currently at 0.796%. That is up from the 2021 low at 0.105%.  The Fed has indicat

US dollar catches a bid in the first hour of New York trade as risk trades slip

Posted: 03 Jan 2022 05:33 AM PST

The US dollar and yen are in demand in early New York trade as the risk trade turns lower. AUDUSD 15 mins The theme so far today has been positive momentum and European stock markets are up 1% but the mood is beginning to turn as the dollar hits the highs of the day and oil stumbles. Cr

ForexLive European FX news wrap: Dollar steady, equities embrace the new year

Posted: 03 Jan 2022 04:43 AM PST

Headlines:Up, up, and awayUSD/CAD retraces some of the drop from FridaySNB total sight deposits w.e. 31 December CHF 722.8 bn vs CHF 722.3 bn priorEurozone December final manufacturing PMI 58.0 vs 58.0 prelimGermany December final manufacturing PMI 57.4 vs 57.9 prelimFrance December final manufactur

Up, up, and away

Posted: 03 Jan 2022 04:12 AM PST

S&P 500 futures +0.7%Nasdaq futures +0.7%Dow futures +0.5%The risk mood is keeping more positive so far today and equities have gradually nudged higher in European morning trade. Regional indices are up around 1%, building from the gains at the open.Meanwhile, as noted above, US futures are also poi

Some food for thoughts to start the new year

Posted: 03 Jan 2022 03:16 AM PST

It's mostly quiet in the market still so far today. So, why not wrap your head around some of the big issues and themes that will come into play in 2022? I'll leave it at that. Enjoy!Video: What to expect in 2022Supply bottlenecks to continue well into 2022?A look out at Europe going into 2022Omicro

Heads up: OPEC+ set to meet tomorrow

Posted: 03 Jan 2022 02:36 AM PST

The current plan is that OPEC+ will be proceeding with a 400k bpd increase in oil output in February. And that expectation is rebuffed by an earlier report by Reuters, citing three OPEC+ sources.As things stand, it doesn't appear that the bloc wants to shake things up too much. The omicron scare is

SNB total sight deposits w.e. 31 December CHF 722.8 bn vs CHF 722.3 bn prior

Posted: 03 Jan 2022 12:59 AM PST

Domestic sight deposits CHF 648.9 bn vs CHF 650.0 bn priorPrior week's release can be found here. Little change in terms of overall sight deposits in the past week but the overall trend remains clear that the SNB is continuing to intervene to limit franc strength. Their balance sheet remains bloated

Eurozone December final manufacturing PMI 58.0 vs 58.0 prelim

Posted: 03 Jan 2022 12:59 AM PST

A positive takeaway from the report highlights that supply constraints are easing somewhat but they are still persistent. Firms capitalised on that by adding to inventories at the fastest rate recorded by the survey but manufacturing output and overall conditions remain rather stagnant from November

Germany December final manufacturing PMI 57.4 vs 57.9 prelim

Posted: 03 Jan 2022 12:54 AM PST

There were tentative signs of supply constraints easing last month but the bottlenecks that are persisting continue to hold back manufacturing output and growth conditions for the most part. Markit notes that: "After a promising start to 2021, the German manufacturing sector's performance

France December final manufacturing PMI 55.6 vs 54.9 prelim

Posted: 03 Jan 2022 12:49 AM PST

This reaffirms some tentative signs of stability in the French manufacturing sector towards the year-end. The trends in output and new orders showed some improvement but it was a rather subdued quarter overall. As is the case elsewhere in the region, supply constraints and surging price pressures

Italy December manufacturing PMI 62.0 vs 62.8 prior

Posted: 03 Jan 2022 12:44 AM PST

Prior 62.8A slightly lower reading than in November but growth of output and new work remain close to record peaks. As such, it reflects another robust performance in Italy's manufacturing sector to cap off the year. That said, backlogs of work rose at a survey record pace amid supply constraints an

European indices greet the new year with fresh record highs

Posted: 03 Jan 2022 12:34 AM PST

Stocks in Europe are off to a good start in the opening half-hour. As noted earlier here, the CAC 40 index is clipping fresh record highs and is now up 0.9% to above 7,200. Elsewhere, the Stoxx 600 index is also up to a fresh record high of 490.76 and is up by 0.6%.It's gains across the board as ris

Switzerland December manufacturing PMI 62.7 vs 62.5 prior

Posted: 03 Jan 2022 12:29 AM PST

Prior 62.5The reading continues to be rather impressive, holding well above the growth threshold as it has been the case for the last year-and-a-half. A positive takeaway is that suppliers' delivery times are no longer lengthening on a widespread basis, though many businesses are still reporting ris

Spain December manufacturing PMI 56.2 vs 56.2 expected

Posted: 03 Jan 2022 12:14 AM PST

Prior 57.1 The reading still points to a decent expansion in Spain's manufacturing sector but there are some key challenges. Supply constraints and surging price pressures continue to be a thorn in the side, resulting in slower growth in new work, persisting capacity pressures, and a sharp ri

European equities open higher to start the new year

Posted: 03 Jan 2022 12:11 AM PST

Eurostoxx +0.4% Germany DAX +0.4% France CAC 40 +0.6% Spain IBEX +0.2% European indices had a stellar 2021 and are off to a decent start in 2022. The mood is helped by US futures also pointing higher, with S&P 500 futures up 0.4%. The CAC 40 index is up to fresh record highs, clipp

Eurostoxx futures +0.2% in early European trading

Posted: 02 Jan 2022 11:12 PM PST

German DAX futures +0.3%Spanish IBEX futures flatBe reminded once again that UK markets are closed, so we're not quite in full swing in Europe today.US futures are pointing up with S&P 500 futures up 0.4%, Nasdaq futures up 0.5%, and Dow futures up 0.3%.2021 was characterised by a largely "risk on"

Can you start again after losing it all?

Posted: 02 Jan 2022 10:50 PM PST

Many of us know that one of the greatest mistakes an investor/trader can make is risking too much capital in any one trade/investment. However, what should you do when it all goes wrong? What should you do if this is what you have done? The impact of allowing a trade to turn into an investment can

Trade ideas thread - European session 3 January 2022

Posted: 02 Jan 2022 10:10 PM PST

I hope everyone is well rested and recharged as we kick start the new year.The simplest approach to things is usually to ignore all the moves during the Christmas to New Year's period and reassess based on the early market movements during the week. I don't see much reason to deviate from that this

Reminder: It is a UK holiday today

Posted: 02 Jan 2022 10:00 PM PST

That will mean the thinner liquidity conditions from Asia will carry over somewhat to Europe. So, just a light warning that some of the market moves today may still not mean much.But Wall Street is open for business so expect things to pick up later on in the day.

Manufacturing PMIs the highlight of 2022 opening day in Europe

Posted: 02 Jan 2022 09:43 PM PST

The dollar is keeping in a decent spot as we look to get things going in Europe so far today.There was some light weakness against the euro on New Year's eve but we're seeing most of that reverse now. EUR/USD is down 0.3% to 1.1335 while USD/JPY is maintaining a slight advance above 115.00, eyeing t

Same old, brand new year

Posted: 02 Jan 2022 09:04 PM PST

Happy New Year, everyone! And just like that, another year has passed.It's a brand new year now but we're still mired by the same old issue over the past two years. The pandemic.Sure, we all have our own ways in learning how to live with it and how to move forward. But it sure is still a different w
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