Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Gold keeps finding a bid: Up in 8 of the past 10 days

Posted: 11 Feb 2022 07:36 AM PST

Gold is up $14 from the European low and $8 on the day to $1835. It reversed lower yesterday on the rout in bonds and risk trades but it has since steadied and is now on track for the highest close of the month.Gold is now up in 8 of the past 10 trading days, though it still hasn't covered

US Feb UMich consumer sentiment 61.7 vs 67.5 expected

Posted: 11 Feb 2022 06:59 AM PST

Worst reading since 2011 Prior was 67.2 Current conditions 68.5 vs 73.0 expected (prior 72.0) Expectations 57.4 vs 64.1 prior 1-year inflation 5.0% vs 4.9% prior 5-10 year inflation 3.1% vs 3.1% prior I don't put much stock in this indicator at all. It's more of

US stocks open with gains after yesterday's run lower

Posted: 11 Feb 2022 06:38 AM PST

The major US stock indices are opening higher, but has given up those gains in early trading. The major indices trade near unchanged.A snapshot of the market currently shows:Dow industrial average unchanged at 35243S&P index also unchanged at 4503.70NASDAQ index is down marginally by -3 points at 14

Coming up in US trading: U Mich prelim consumer sentiment

Posted: 11 Feb 2022 06:37 AM PST

The economic calendar on Friday won't be a huge consideration.We're likely going to spend all of Friday sorting through the bond-market wreckage and parsing what the Fed will do but there's one data point coming up at the top of the hour.  The lone data point is the February UMich prelim c

US stock futures tilt modestly higher

Posted: 11 Feb 2022 06:19 AM PST

The tone in US equities has improved in the past two hours, in part due to a CNBC story highlighting that some Fed officials aren't eager to chance their stance on gradual rate hikes. S&P 500 futures are up 5 points after yesterday's 83-point decline. Nasdaq and Dow futures are also up aro

Russian defense min says western countries should stop supplying Ukraine with weapons

Posted: 11 Feb 2022 05:37 AM PST

Tells UK defense sec he would like to know purpose of sending British special forces to UkraineTensions in Europe keep rising and Russia is not to blameRussian response ot US and NATO on European security will come soonThat last comment is the kicker. What will the response be?

ForexLive European FX news wrap: Early dollar gains ease up a little

Posted: 11 Feb 2022 04:46 AM PST

Headlines:HSBC now sees 50 bps rate hike by the Fed in MarchRussia says cannot accept EU, NATO response to Lavrov's letterPBOC says monetary policy will be flexible, appropriateGermany to lift some restrictions next week as COVID-19 peak is in sightUK Q4 preliminary GDP +1.0% vs +1.1% q/q expectedSw

Equities still feeling heavy awaiting Wall Street open

Posted: 11 Feb 2022 04:16 AM PST

European indices are keeping lower so far on the session, with the Eurostoxx down 0.9%, the DAX down 0.4%, CAC 40 down 1.3%, and UK FTSE down 0.8%. Meanwhile, S&P 500 futures are down 0.5%, Nasdaq futures down 0.7%, and Dow futures down 0.4%.The losses are somewhat trimmed from earlier in the day bu

Russia says cannot accept EU, NATO response to Lavrov's letter

Posted: 11 Feb 2022 04:06 AM PST

This is with regards to the letter sent by Russian foreign minister, Sergey Lavrov, about security guarantees. Russia asked for EU and NATO on whether they would comply with commitments "not to strengthen their security at the expense of the security of others".On the response, Russia says that ther

What's the message from the bond market ahead of the weekend?

Posted: 11 Feb 2022 03:17 AM PST

It was quite the spectacular rout in the bond market yesterday following the US CPI data release, as traders rushed to price in a 50 bps rate hike move by the Fed for March. Yields shot up dramatically and that is leaving for a couple of things to think about going into the weekend. Let's take a loo

Germany to lift some restrictions next week as COVID-19 peak is in sight

Posted: 11 Feb 2022 01:33 AM PST

He mentioned that:"The scientific prognoses show us that the peak of the wave is in sight. This allows us at the meeting between the federal government and states next week to take the first reopening steps and consider more steps for spring."

HSBC now sees 50 bps rate hike by the Fed in March

Posted: 11 Feb 2022 01:05 AM PST

They won't be the last to change their call, which follows from Citi yesterday here.A 50 bps rate hike next month is pretty much fully priced in (more or less) at this point. So, it will depend on whether or not the Fed so chooses to walk back on that in the weeks ahead.

Dollar holds firmer so far today amid stronger appetite for Fed rate hikes

Posted: 11 Feb 2022 12:40 AM PST

Bullard was the key trigger for the turnaround in what was a wild trading session yesterday, after the release of the US consumer inflation report - which showed inflation at the highest in 40 years. The dollar was higher on the release then tumbled heavily before reversing all of that and more int
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