A senior US official with the US readout of the Biden - Xi meeting.On Taiwan, as noted in the bullets below, "the biggest, most dangerous issue in US-China relations". The no plans for military action is a welcome comment indeed. The last thing we all want to see is...
Japanese exports to China fell for the 11th consecutive month
Japanese trade data and machine orders are mixed. USD/JPY is unmoved upon the release though.A Japanese official noted that the country's exports to China fell for the 11th consecutive month.Core machinery orders data is a highly volatile series used as a leading...
China’s Xi says the US should stop arming Taiwan (Chinese Communist Party State media)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Brent crude oil and “green shoots of hope” in China
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Moody’s on recession risk and Federal Reserve rate cuts next year
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Employment growth in Australia softens, labour market turning point approaching – preview
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Unveiling the truth: US inflation rates misleading, Fed failings exposed
A summary of UBS analysis of US inflation its lower than you think, and its not sticky and the markets' outsized reaction its reflects Fed failingsUBS argue that the reality of inflation in the US is that middle-income homeowning US households face a lower inflation...
Forexlive Americas FX news wrap 15 Nov: US PPI lower than expectations, but yields are up
The US retail sales data was a bit higher than expectations at -0.1% versus -0.3% estimate. There were also positive revisions for the prior month. Although negative, the retail sales had been up for 5 consecutive months prior to this month's decline. The fall is not...
Federal Reserve’s rate cut speculations boost US equities, Deutsche Bank offers caution
US equities continued their climb on Wednesday, spurred on her again by thoughts of Federal Reserve pivot to rate cuts in 2024 (pricing for cuts in May is surging.)Deutsche Bank analysts are wary, pointing out that:this is at least the 7th time in this cycle that...
Fed Reserve’s Barkin hints at normalizing rates amid credit pullback
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US stock indices close higher but off their highs for the day
The major US indices are closing the day higher. However, the broader indices in particular are well off their intraday highs:Dow Industrial Average rose 163.51 points or 0.47% at 34991.22. At session highs, the index was up 223.39 points.S&P index rose 7.18...
Palo Alto Network and Cisco earnings after the close
Palo Alto Networks and Cisco will report earnings after the close. For Palo Alto earnings estimates : Last quarter, Palo Alto Networks reported revenues of $1.95 billion, which was a 26% year-on-year increase but slightly below analyst expectations.For the current...
Asian Economic Calendar: Key Events and Consensus Expectations for 16 November 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Trade ideas thread – Thursday, 16 November 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Where do unemployment and CPI have to be for the Fed to start cutting
The Federal Reserve has two mandates: Low/stable inflation and maximum employment.Today, Deutsche Bank looks at the core consumer price index and unemployment rate in the historical context of where rate cuts have begun in the past.The bulk of cuts didn't get underway...
GBPUSD plummets below 200-day moving average, expect bearish trend to continue
The GBPUSD is back below its 200 day moving averageThe GBPUSD ran higher yesterday, and in the process extended toward its 100-day moving average near 1.2512. The high price got within 7 pips of that level at 1.2505 before rotating back to the downside.In trading...
REINZ New Zealand house sales +8.0% vs +5.1% prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
A closer look at US petroleum inventories and the problem with diesel
Here are charts showing US inventories of crude oil, gasoline, distillates (diesel) and jet fuel.The crude chart gives you an idea of why oil was rallying into October but has fallen since, as storage has ticked higher after falling below 2022 levels in Sept/Oct.But...
Crude oil settles at $76.66
The price of crude oil is settling at $76.66, down -$1.60 or -2.04%.The high for the day reached $78.77. The low reached $76.45. Looking at the hourly chart below, the run higher yesterday moved higher and above the 200-hour MA and a downward sloping trend line. That...
US-China summit gets underway, meeting expected to last four hours
Biden is set to welcome Xi Jinping and his team. There will be brief statements and pictures, then they will hold private meetings. The talks are expected to continue for 4 hours and we will get read-outs afterwards.Biden:Our meetings have always been candid,...