Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

UK's Johnson: Urged leaders to take immediate action against SWIFT to inflict maximum pain

Posted: 25 Feb 2022 09:55 AM PST

UK PM Johnson is on the wires after NATO meeting. Says: Urged leaders to take immediate action against SWIFT to inflict maximum pain on Pres.Putin and his regime He would introduce sanctions against Pres. Putin and foreign minster Sergey Lavrov imminently, on top of the sanctions

NATO's Stoltenberg: Russia's aim to is to change Russian government in Kyiv

Posted: 25 Feb 2022 09:48 AM PST

  NATO's Stoltenberg is on the wires saying: We are deploying elements of our NATA response force Russia aims to change government in Jyiv NATO leaders today announced more weapons for Ukraine including air defense systems NATO allies are committed to continuing to provide

US stocks extend gains with the S&P 500 up 70 points. Europe surges

Posted: 25 Feb 2022 08:35 AM PST

Large cap stocks are leading a reversal higher in US equities. The market opened lower but is steadily marching higher and now up 71 points, or 1.7%, to 4360.That two-candle reversal is a nice one and prevented a close below the January lows.Despite the gains in stocks, we're not seeing m

Goldman Sachs sees risk of $125 oil. Why it will be tough to bring on supply

Posted: 25 Feb 2022 08:10 AM PST

Oil is at session lows at the moment, down $1.40 to $91.51 Goldman Sachs is warning it could rise to $125 and that risks remain to the upside. In a note today, "In our view, until the uncertainty around the rapidly escalating situation is resolved, commodity price risk remains skewed to th

Kremlin says Putin has agreed to organize negotiations with Zelensky

Posted: 25 Feb 2022 07:23 AM PST

Putin has agreed to organize negotiations after Zelensky said he was ready to discuss neutrality (not joining NATO)We have notified the Ukrainians of proposals to hold talks in MinskCalled Belarus's Lukashenko to organise Minsk talksUkraine proposed talks in Warsaw instead, then broke off contactUkr

Final Feb UMich consumer sentiment 62.8 vs 61.7 expected

Posted: 25 Feb 2022 07:00 AM PST

Prelim was 61.7 Prior was 61.2 Expectations  59.4 vs 57.4 prelim Current conditions  68.2 vs 68.5 prelim 1-year inflation 4.9vs 5.0% prelim 5-10-year inflation 3.0% vs 3.1% prelim There isn't much value in this survey but the direction of the inflation surveys can be r

US January pending home sales -5.7% m/m vs +1.0% expected

Posted: 25 Feb 2022 06:59 AM PST

Prior was -3.8% Index at 109.5 vs 117.7 prior Full report The index is down from 121.0 a year ago as higher mortgage rates and tight supplies cool the US housing market. This month, sales in the northeast, midwest and south all fell substantially while sales in the west edg

US stocks open higher with Nasdaq lagging

Posted: 25 Feb 2022 06:37 AM PST

The major US indices are opening higher. The NASDAQ did trade briefly into negative territory, but is trying to bounce back higher as the buyers and sellers battle it out. The Dow industrial is the strongest with a gain of over 0.8%Major indices are trying to add to their gains from yesterday which

US equity futures show moderately positive open

Posted: 25 Feb 2022 06:18 AM PST

S&P 500 futures are up 17 points ahead of the open. Yesterday's session was a wild one as the market cratered on war worries only to begin turning around of softer-than-feared UK sanctions and then springing higher when the US didn't sanction any Russian exports. The daily chart still shows plenty o

Russia's Lavrov to visit Geneva on Monday

Posted: 25 Feb 2022 05:59 AM PST

There is growing hope for a negotiated solution to the war, rather than drawn-out fighting.Lavrov was one of the few people in Putin's inner circle to push for a diplomatic solution before fighting started this week.

Kremlin readout on Putin's call with Xi was certainly supportive

Posted: 25 Feb 2022 05:50 AM PST

Putin spoke with his counterpart in China today and here's how the Kremlin characterized it: Putin told Xi that military operation in Ukraine was necessary to protect civilian population from genocide Xi told Putin he respects Russia's actions, affirmed readiness for close coordin

US January core PCE +5.2% y/y vs +5.1% expected

Posted: 25 Feb 2022 05:29 AM PST

Prior was +4.9% y/y Core m/m +0.5% vs +0.5% expected Prior core m/m +0.4% PCE price index +0.6% m/m vs +0.4% prior PCE price index +6.1% y/y vs +5.8% prior Consumers spending and income for January: Personal income 0.0% vs -0.3% expected. Personal spending +

US January preliminary durable goods orders 1.6% versus 0.8% expected

Posted: 25 Feb 2022 05:29 AM PST

Durable goods rises for the fourth consecutive month Prior -0.7% (revised from preliminary -0.9%) revised to +1.2%. Durable goods orders rose +1.6% versus 0.8% estimate. The gain was the 4th straight monthly advance, and the 8th increase in 9 months.  Transportation equipment - whi

OPEC+ likely to stick to existing policy at March 2 meeting - report

Posted: 25 Feb 2022 05:21 AM PST

OPEC+ meets next week with a plan to raise production by 400k bpd. That will 'likely' be rubber stamped next week, according to five sources cited by Reuters. Oil has been trading sideways since the huge rally and reversal yesterday. Russian oil wasn't sanctioned but there are reports that buyers ar

US PCE report and durable goods orders coming up

Posted: 25 Feb 2022 05:18 AM PST

Inflation is the key metric for the Federal Reserve right now and their preferred measure of prices is coming up next. The PCE report is due at the bottom of the hour and core inflation is expected to rise 5.1% y/y and 0.5% m/m. The market will be looking for any signs of acceleration or

Russia reportedly ready to send delegation to Minsk for talks with Ukraine

Posted: 25 Feb 2022 04:50 AM PST

Well, it looks like what the Chinese media reported earlier may hold true as Russian local media is bringing up hopes for negotiations and talks between Russia and Ukraine. RIA Novosti is reporting that the Russian delegation could comprise of defence and foreign ministry officials.We're seeing the

ForexLive European FX news wrap: Market nerves settling in as Kyiv comes under siege

Posted: 25 Feb 2022 04:50 AM PST

Headlines:Russian military reportedly has blocked Kyiv from the west sideGunfire reported near government district in KyivAir raid sirens reportedly going off in KyivRussian forces reportedly have entered Obolon district in KyivUkraine president Zelensky calls on Putin to sit down for talksZelensky:

Russian military reportedly has blocked Kyiv from the west side

Posted: 25 Feb 2022 04:30 AM PST

Among the headlines is that Russian military will not strike the residential areas of Kyiv and that Russia has took control of an aerodrome near Kyiv and landed paratroopers there. It's only a matter of time now.

Next round of sanctions would further target Russian energy, finance sectors - EU official

Posted: 25 Feb 2022 04:19 AM PST

EU leaders discussed how to phase out coal imports from Russia-occupied DonbassThere are "many more oligarchs" that could be targeted in third round of sanctionsThe sanctions were supposed to be a deterrent. I mean let's try to conceptualise this. Do you call the cops after the robbers who broke in

Ukraine president Zelensky calls on Putin to sit down for talks

Posted: 25 Feb 2022 03:35 AM PST

The unfortunate reality is that the siege on Kyiv will continue until Russia does gain control one way or another. China president Xi is the latest to have had a phone call with Putin and pushed to resolve the issue via negotiations, so I'm guessing Zelensky is trying to leverage off that latest dev

Zelensky: Europe can still stop Russian aggression if it acts swiftly

Posted: 25 Feb 2022 03:26 AM PST

Says Europe reaction has been insufficient, slow help to Ukraine while Russia attacksCalls on European citizens to protest to force governments into more decisive actionThe headline is surely a pun intended moment but unfortunately, some European countries just don't have the appetite to swallow any

Lavrov: We are ready for talks once Ukraine's army stops fighting

Posted: 25 Feb 2022 02:38 AM PST

That's just more propaganda talk but you get the gist. Today is all about the siege on Kyiv and the next 48-72 hours is going to be how Russia wants to shape this whole thing and present it to the world. That will of course be open to interpretation from all corners of the globe but it just seems in

Kremlin: Russia will impose retaliatory sanctions

Posted: 25 Feb 2022 02:26 AM PST

Sanctions will work on basis of reciprocitySays sanctions on Russia will cause problems but they will be solvableRelations will normalise once people understand why Russia was forced to act in UkraineDeclines to comment on how long military operations in Ukraine will lastI think as long as there are

Lavrov: Russia does not see possibility to recognise current Ukrainian govt as democratic

Posted: 25 Feb 2022 02:14 AM PST

Says Zelensky is lying when he says ready to discuss neutral status of UkraineI guess that's the end of negotiations then. Lavrov also goes on to say that Russia wants Ukrainian people to be independent and that no one is planning to occupy Ukraine. A lot of propaganda in those words but it is all p

Eurozone February final consumer confidence -8.8 vs -8.8 prelim

Posted: 25 Feb 2022 01:59 AM PST

Economic sentiment 114.0 vs 113.1 expectedPrior 112.7Industrial sentiment 14.0Prior 13.9Services sentiment 13.0Prior 9.1That's a modest increase in economic sentiment in the euro area and points to more positive undertones as business activity also picks up following the omicron impact in December a
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