Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Had this headline hit earlier it would have caused chaos

Posted: 05 Feb 2022 10:46 AM PST

I've fired off a few mistaken headlines at ForexLive so I can sympathize but this was a doozy. I don't think it hit the newswire and so the damage was minimal but it's a reminder that even a great trade can get ruined by something as simple as a headline mistake. Go easy on the leverage.

Biden restores Iran civilian nuclear sanctions relief in sign of deal progress. Watch oil

Posted: 05 Feb 2022 10:31 AM PST

The weekly oil open will be the spot to watch after the Biden administration took a step towards thawing relations with Iran. A group of nations are in what looks like the final stretch of negotiations towards reviving the Iran nuclear deal. The US restored a waiver that that had been

MUFG trade of the coming week: Buy EUR/CHF

Posted: 05 Feb 2022 10:11 AM PST

The euro finished last week strong as European bond rates blew out. How that trade goes next week will be a major catalyst for the euro next week. MUFG suggests buying EUR/CHF at spot and targeting a rise to 1.08 with a stop at 1.03. "We are recommending a long EUR/CHF trade idea. The trad

Forexlive Americas FX news wrap: Strong US jobs reports shocks the market

Posted: 04 Feb 2022 02:16 PM PST

US stocks end the day with mixed results. For the week, the major indices moved higher Next week US CPI will be the release highlight Major earnings releases for the week of February 7 to February 11 WTI crude oil settles at $92.31 What's on the US economic calendar in the week

US stocks end the day with mixed results. For the week, the major indices moved higher

Posted: 04 Feb 2022 01:21 PM PST

The major US indices are ending the day with mixed results. The Dow industrial average is lower while the S&P and NASDAQ moved higher. The small-cap Russell 2000 was also higher on the day.The final numbers for the day are showing:Dow industrial average felt -21.42 points or -0.06% at 35089.75S&P in

Next week US CPI will be the release highlight

Posted: 04 Feb 2022 01:00 PM PST

So what are the key events and releases for next week?Monday:ECB Pres. Lagarde speaks at 10:45 AM ET/1545 GMTTuesday:RBNZ Gov Orr speaks at 9:15 PM Monday/2:15 AM GMT2 year note auction, 1 PM ET/1800 GMTWednesday:New Zealand inflation expectations Q/Q, 9 PM ET/0200 GMTWeekly crude oil inventory data

Major earnings releases for the week of February 7 to February 11

Posted: 04 Feb 2022 12:41 PM PST

The bulk of the major earnings releases are now over. However, there are some major companies announcing next week that may not move the markets like Amazon or AMD helped do this week, but will nevertheless be of interest to market traders.  The major US earnings to be released next week. Monday: Al

WTI crude oil settles at $92.31

Posted: 04 Feb 2022 11:52 AM PST

The price of WTI crude oil settled at $92.31. That is up $2.04 or 2.26%. The high reached $93.17 and the low was at $90.07. The high reached the highest level since September/October 2014. The price last week closed at $87.24. The close this week reached $92.31 for a gain of $5.07 on the week. That

What's on the US economic calendar in the week beginning Feb 7

Posted: 04 Feb 2022 10:20 AM PST

The strong jobs report put a 50 basis point hike in March on the table and that means that Fed commentary will take on new importance while all economic data will be closely watched. Next week starts out light with a calendar that essentially bare save for the lowly consumer credit report

Baker Hughes oil rigs 497 vs 495 last week

Posted: 04 Feb 2022 10:02 AM PST

Oil rigs 497 vs 495 last weekGas rigs 115 vs 114 last weekTotal rigs 613 vs 610 last weekCrude oil is trading at $92.35, up $2.08 on the day.

France's Macron will go to Moscow and meet with Putin on Ukraine

Posted: 04 Feb 2022 09:00 AM PST

Macron to go to Moscow to meet Russia's Putin France's Macron will go to Moscow to see what can be done and negotiated to reduce Russia's military buildup Will also discuss with Pres. Putin the future security of Europe Has coordinated with Europeans, other allies over Russi

European indices close lower on the day

Posted: 04 Feb 2022 08:54 AM PST

The major European indices are closing lower on the day. The declines are led by the Italy's FTSE MIB. The UK FTSE 100 fared the best today.The closes are showing:German DAX, -1.75%France's CAC, -0.8%UK's FTSE 100 -0.2%Spain's Ibex, -1.15%Italy's FTSE MIB, -1.8%For the trading week,:German DAX fell

US House of Representatives passes China Competition Bill that will boost US chip making

Posted: 04 Feb 2022 08:39 AM PST

The US House of Representative passed the China Competition Bill that would help to boost US chip making;The bill would provide: $52 billion over five years to boost semiconductor research, design and manufacturing in the United States, according to a summary of the bill provided by House Democrats.

Markets pricing in a greater than 50% chance of five hikes by November

Posted: 04 Feb 2022 07:31 AM PST

The US jobs report has the market now pricing in a greater than 50% chance that the Fed will hike five times in 2022. Expectations for March and May hike are now at 100%. There is and 82% chance of a June hike and a 56% chance of a July and November hike.   Probabilities of the US will

UK PM Johnson says he an Germany chancellor agreed to work on comprehensive sanctions

Posted: 04 Feb 2022 06:53 AM PST

Resolved to use all diplomatic channels available to bring and end to current tensionsUnderlined the need for allies to deliver a clear and consistent messageAgreed to work with each other on a comprehensive package of sanctionsThinks sanctions should be ready to come into force immediately if Russi

US stocks trading marginally lower after stronger jobs report

Posted: 04 Feb 2022 06:41 AM PST

The major US stock indices are trading lower nine minutes into the opening:Dow industrial average -82.41 points or -0.23% at 35028.76S&P index -8.01 points or -0.18% at 4469.42NASDAQ index -11.51 points or -0.08% at 13867.31Russell 2000-10.67 points or -0.54% at 1980.361In other markets,:crude oil i

US equities face a big challenge with rates jumping but futures only moderately lower

Posted: 04 Feb 2022 06:23 AM PST

I tend to think equities are slow to react to changes in the bond market and outlook for rates. That might be unfolding at the moment with S&P 500 futures down only 23 points, even as borrowing rates jump 10 bps at the front end and a 50 bps hike is placed squarely on the table. An inflati

Canada January employment change -200K vs -121.5 K estimate

Posted: 04 Feb 2022 05:30 AM PST

Canada unemployment rate Prior report 54.7K Employment change -200K versus -121.5K estimate Unemployment rate 6.5%  versus 5.9% estimate (revised to 6.0%). The pre-pandemic level was 5.7% full-time -83K vs 123K last month.  part-time --117K vs -68K last month pr

US January non-farm payrolls +467K vs +150K expected

Posted: 04 Feb 2022 05:30 AM PST

Prior was +199K Estimates ranged from -400K to +385K Two month net revision +700K Unemployment rate 4.0% vs 3.9% expected Prior unemployment rate 3.9% Participation rate 62.2% vs 61.9% prior (was 62.8% pre-pandemic) (prior revised to 62.2%) U6 underemployment rat

Locked and loaded for North American jobs Friday

Posted: 04 Feb 2022 05:19 AM PST

Welcome to another edition of non-farm Friday with a side of Canadian bacon.There's some main street anxiety about a negative number and with omicron raging in the US in January, that's warranted. The consensus is +150K but estimates range from +385K to -400K.Here's the forecast from Goldman

ForexLive European morning FX news wrap: Euro adds to gains after hawkish ECB tilt

Posted: 04 Feb 2022 02:45 AM PST

Headlines:Money markets now price in a 50 bps rate move from the ECB by the end of the yearOil continues to impress as the run higher gathers more legsGoldman Sachs expects ECB to start hiking rates in SeptemberECB survey sees inflation falling back below target next yearEurozone December retail sal

Oil continues to push higher on the day, where to next?

Posted: 04 Feb 2022 02:07 AM PST

From a technical perspective, it is hard to go against the rise/break in oil prices at the moment. WTI crude is trading to its highest since 2014 and there isn't any clear resistance all the way through to $100 perhaps next. However, there is still plenty of food for thought despite the technical

Eurozone December retail sales -3.0% vs -0.5% m/m expected

Posted: 04 Feb 2022 02:00 AM PST

Prior +1.0%Retail sales +2.0% vs +5.1% y/y expectedPrior +7.8%Euro area retail sales were much weaker than estimated in December as rising consumer inflation may be starting to take a toll on spending/consumption despite it being the Christmas shopping season. Retail sales of non-food products fell

UK January construction PMI 56.3 vs 54.3 prior

Posted: 04 Feb 2022 01:29 AM PST

Prior 54.3After a more subdued period towards the end of last year, the UK construction sector is seen gaining momentum as commercial activity surged to a six-month high and helping to offset a weaker rise in house building. Adding to the positives is that it appears that the peak phase of supply ch

Commodity currencies struggle in European morning trade so far

Posted: 04 Feb 2022 12:50 AM PST

Despite the bounce in US futures, equities sentiment is failing to really convince in European trading so far. Regional indices are now holding more mixed after a positive open with gains trimmed across the board. This comes as European bond yields are continuing to tick higher, building from the ha
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