Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

UK December BRC shop price index y/y +1.5% vs +0.8% prior

Posted: 01 Feb 2022 04:02 PM PST

This indicator has been long-forgotten but it is returning to relevance with the market focus on inflation. This is the highest reading since 2012.

Strong open for Japanese stocks

Posted: 01 Feb 2022 03:52 PM PST

Futures on Japan's benchmark index are up 0.9% shortly before the open. There was a solid open yesterday at 0.6% but that was halved into the close. There's work to do get back comfortably in the range but this is one of several charts that could be a false breakdown.

Strong Canadian GDP justifies the hawkish tone from the BOC - CIBC

Posted: 01 Feb 2022 03:44 PM PST

Canadian November GDP at +0.6% m/m was stronger than the +0.3% advance estimate and the 0.4% consensus. In addition, the advance estimate for December was flat. Tally that up and it's looking like a very strong quarter for the Canadian economy. January will be a large negative number due to

It's increasingly difficult to believe that Hong Kong will ever get omicron under control

Posted: 01 Feb 2022 02:53 PM PST

A health schism has opened up between Hong Kong and mainland China. We are quickly approaching the point where Hong Kong and its 7.5 million residents abandon the idea of keeping omicron out. Today officials confirmed 129 new cases and 22 cases of unknown origin, which are the most in this

Trade ideas thread: What to make of the risk rebound

Posted: 01 Feb 2022 02:27 PM PST

The most interesting chart out there for me right now is AUD/USD the ongoing rejection of the break lower. What's telling is that even with the dovish surprise yesterday, it wouldn't go down further. As I often write: When something can't go down on bad news, it can't go down at all. The c

Forexlive Americas FX news wrap: USD the weakest of the major currencies for the 2nd consecutive day

Posted: 01 Feb 2022 02:17 PM PST

The US major indices closing higher and near highs for the 3rd day in a row. Tomorrow in the US session. What is on the event/release calendar? Fed's Bullard: I would support a rate hike at the March meeting and prefer a hike in May Crude oil continues the up and down waffle near h

New Zealand Q4 unemployment rate 3.2% vs 3.4% expected

Posted: 01 Feb 2022 01:48 PM PST

Prior was 3.4%Employment change +0.1% vs +0.3% expParticipation rate 71.1% vs 71.2% expLabour cost index q/q +0.7% vs +0.9% expLabor cost index y/y +2.8% vs +2.9% expThe kiwi has dipped on this report. Wage growth slowing and the participation, the details aren't as strong as the headline.

No reaction in oil after private US oil inventories

Posted: 01 Feb 2022 01:40 PM PST

Crude +1525K expected in tomorrow's official report Gasoline +1645K expected in tomorrow's report Distillates -1492K expected in tomorrow's report There's been no reaction in WTI, which is trading at $88.25.The huge builds in gasoline for five weeks straight have done nothi

Coming up in Asia-Pacific trade: More holidays and some comments from the RBA's Lowe

Posted: 01 Feb 2022 01:27 PM PST

China remains away fro the Lunar New Year holiday but that hasn't killed action price action in Asia-Pacific trading so far this week, so lets hope that continues. Coming up first is the API weekly oil inventories report, out at the bottom of the hour. The oil market remains red hot after adding a 2

Tomorrow in the US session. What is on the event/release calendar?

Posted: 01 Feb 2022 12:52 PM PST

So what is on the US event/release calendar for tomorrow?US ADP Non farm payroll change.  8:15 AM ET. Estimate 185K vs 807K last month. The US non farm payroll data will be released on Friday at 8:30 with estimates of145K after last months 199K actual number.  The big miss from ADP last month vs the

S&P and Dow trade to new session highs

Posted: 01 Feb 2022 12:13 PM PST

The major US stock indices are trading near highs for the day. The Dow and S&P just traded to a new session high. The NASDAQ still remains below itsday high but is getting closer as is the Russell 2000.a look at the market currently shows:Dow industrial average up 168 points or 0.48% at 35300S&P ind

Sen. Manchin: Build Back Better Bill is dead

Posted: 01 Feb 2022 09:41 AM PST

Sen. Joe Manchin (D) who killed Pres. Biden's Build Back Better bill by refusing to support it, is on the wires saying indeed...the bill is dead. He says that if it is resurrected it would be a entirely new bill. Given the inflation fears in the growth uncertainty, it was a good thing to let it fade

Russia state-affiliated media tweet: Military personnel 'killed' after Ukraine drone strike

Posted: 01 Feb 2022 09:20 AM PST

The Russia state-affilliated media is tweeting: Ukraine border tension There has not been any reaction in the markets. So does not seem to be a big thing (at least for now). S&P up 1.7 points. Nasdaq up 18 points. Dow up 11.3 points. 

European major indices close higher on the day

Posted: 01 Feb 2022 09:15 AM PST

The major European indices have closed higher on the day. The Italy's FTSE MIB is the biggest gainer followed by the France's CAC index. German DAX, +0.96%  France's CAC, +1.43% UK's FTSE 100 +0.96% Spain's Ibex, +1.32% Italy's FTSE MIB +1.53% In the European debt market, yie

Putin: The US could drag Russia into war with the aim of posing sanctions on Moscow

Posted: 01 Feb 2022 09:08 AM PST

Russia's Putin is now speaking after the Blinken/Lavrov meeting earlier today: US wants to contain Russia, is using Ukraine to do that US could drag Russia into war with the aim of imposing sanctions on Moscow possible membership of Ukraine in NATO would undermine Russia's sec

US Sec. of State Blinken and Russia For. Minister Lavrov speak: If you don't intend to invade Ukraine, pull back your troops

Posted: 01 Feb 2022 08:15 AM PST

US Secretary of State Antony Blinken The US Secretary of State  Blinken and Russian Foreign Minister Lavrov of met today in a meeting that lasted about 30 minutes: Blinken told Lavrov, if Russia does not intend to invade, this is the time to pull back troops from border with Ukrain

Dallas Fed Texas service sector index of general business activity outlook 0.6% in January 2022 from 14.2 last month

Posted: 01 Feb 2022 07:45 AM PST

The Texas service sector decelerated notably in January, according to business executives responding to the Texas Service Sector Outlook Survey.The revenue index, a key measure of state service sector conditions, fell from 20.4 in December to 2.8 in January.Labor market indicators suggest continued

US construction spending for December 0.2% versus 0.7% estimate

Posted: 01 Feb 2022 07:26 AM PST

US construction spending for December 2021 Construction spending 0.2% versus 0.7% estimate. Prior month 0.7% revised to 1.0% year on year gain in construction spending is 9.0%value of construction in 2021 was $1589.0 billion which is 8.2% above the $1469.2 billion spent in

JOLTS December job openings 10.925M vs 10.562M last month

Posted: 01 Feb 2022 07:13 AM PST

JOLTS job openings remains near all time high levels JOLTS job openings 10.925M vs 10.562M last month  Job openings rate unchanged at 6.8%  Hires fell to -6.3M or down -333K Separations including quits, layoffs and discharges decreased to 5.9M (-305K on the month).

US ISM manufacturing for January 57.6 versus 57.4 estimate

Posted: 01 Feb 2022 07:00 AM PST

ISM falls to 57.6 in the January ISM manufacturing index  versus 57.4 estimate Last month 58.7 revised t0 58.5 New orders 58.9 vs 61.0 last Production 57.8 vs 59.4 last employment 54.5 vs 53.9 last Supplier deliveries 64.6 vs 644.9 last inventories 53.2 vs 54

US Markit PMI manufacturing index for January 55.5 versus 55.0 preliminary estimate

Posted: 01 Feb 2022 06:45 AM PST

Markit PMI for January 2022 The Markit PMI index for January 2022: PMI index 55.5 vs 55.0 preliminary. Lowest since October 2020. Last month the index came in at 57.7 US manufacturing sector final output index for January at 50.5 versus flash of 50.3, and final December at

US stocks trading mixed in early trading

Posted: 01 Feb 2022 06:38 AM PST

The major US indices are trading mixed in early trading for the day. The NASDAQ is lower while the Dow and S&P are marginally higher. The snapshot seven minutes into the open is showing:Dow industrial average up 56 points or 0.17% at 35193S&P index up 7.6 points or 0.17% 4522.95NASDAQ index is down

Canada Markit manufacturing PMI for January 56.2 versus 56.5 last month

Posted: 01 Feb 2022 06:35 AM PST

Markit PMI comes in at 56.2 The Canada Markit  manufacturing PMI for January came in at 56.2 versus 56.5 last month. The index has remained above the 50 level since June 2020.For the full report CLICK HERE

US stocks set to open modestly higher

Posted: 01 Feb 2022 06:29 AM PST

The major US indices are set to open up marginally higher the futures are implying:S&P index up four pointsDow industrial average up 40 pointsNASDAQ index up 27 pointsAt the start of the North American session, the indices were lower.

Forexlive European FX news wrap: Plenty of data, including tragic German Retail Sales.

Posted: 01 Feb 2022 06:17 AM PST

Headlines:USD and 10-Yr-Yields spot-check - Plus a cameo by @NewsquawkEurozone Unemployment Rate: 7% (Forecast 7.1%, Previous 7.2%)UK Mortgage Approvals: 71.015k (Forecast 66k, Previous 66.964k)UK Markit Manufacturing PMI Final: 57.3 (Forecast 56.9, Previous 56.9)Rouble extends gains, firms 0.6% on
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