Forexlive RSS Breaking news feed

Headwinds to send AUD just a little lower in Q1 (analyst note)

Mon, Jan 18, 2021 4:11 AM

An AUD/USD update via Westpac over the weekend, in summary. Westpac note the positives that driven its rise: Nevertheless the analysts at the bank see it capped into the end of Q1 with a forecast of 0.76 citing headwinds:

ForexLive Asia FX news wrap: China GDP expanded in 2020

Mon, Jan 18, 2021 3:48 AM

Forex news for Asia trading for Monday 18 January 2021 Weekend: The early hours of the new week here in Asia were sedate but livened up for a while once Globex opened. US equity index futures dropped away a little and this was soon followed by USD strength across the board against major currencies. In other developments during the Asian morning news crossed that Canadian media

Gold has "some upside" in Q1 but the back half of the year sees a sustained fall

Mon, Jan 18, 2021 3:14 AM

Summary of comments via RBC on their view for gold this year: Positive factors for gold bode well for gold to average $US1922 over Q1: Less positive inputs: View ahead:

(Not FX) - The FBI is vetting National Guard troops in DC due to fears of aninsider attack

Mon, Jan 18, 2021 2:53 AM

AP with the report on US defense officials saying they are worried about an insider attack or other threat from service members involved in securing President-elect Joe Biden's inauguration

Here's what happens next for the Keystone XL pipeline if Biden cans it

Mon, Jan 18, 2021 2:39 AM

A summary of remarks from RBC's response to this earlier news: RBC: The kicker, though:

China activity data (December 2020): Industrial Production 7.3% y/y (expected 6.9%)

Mon, Jan 18, 2021 2:00 AM

Industrial Production 7.3% y/y   Industrial Production YTD 2.3% y/y ... so for 2020 the facrory sector grows despite all the chalenges. Fixed Assets (excluding rural) YTD 2.9% y/y

China Q4 GDP 6.5% y/y (vs. expected 6.2%)

Mon, Jan 18, 2021 2:00 AM

China GDP beats y/y 2.6% q/q   6.5% y/y

Canada's ambassador to the US says "government of Canada continues to support the Keystone XL project"

Mon, Jan 18, 2021 1:39 AM

Kirsten hillman us Canada's ambassador to Washington, -  says "government of Canada continues to support the Keystone XL project" - says will continue to work with Alberta and industry to make sure US. lawmakers and stakeholders understand about energy production in Canada

BoA forecast for higher for gold from here

Mon, Jan 18, 2021 1:29 AM

Estimates from Bank of America / Merrill Lynch for gold: Silver to rise in 2022 though:

Iran has jailed a US businessman ahead of likely negotiations with Biden

Mon, Jan 18, 2021 1:09 AM

US media reports on the jailing of a fourth American. Here is the report for more. Iran gathering a few bargaining chips ahead of likely nuclear deal talks?

China data is due at 0200GMT - GDP preview

Mon, Jan 18, 2021 12:57 AM

Data from China due on Monday 18 January 2021 at 10 am Beijing time (0200GMT): As posted earlier: I'm a wee bit snowed under so if you are after a preview I'll refer to this helpful pice from Reuters that discusses what's going on China a little more widely also:

Singapore data: December NODX +6.8% y/y (beats expected of -0.7%)

Mon, Jan 18, 2021 12:41 AM

 Singapore's December non-oil domestic exports (NODX) in Dec 2020 - expected -0.7%, prior -5.0% y/y  - for the m/m +6.6% (SA) (+3.7% prior) Electronics exports +13.7% y/y (prior -4%)

USD strength in Asia morning trade

Sun, Jan 17, 2021 11:59 PM

The US dollar is higher, currencies lower pretty much across the board against it.

Canadian media report Biden to cancel Keystone XL pipeline permit on first day in office

Sun, Jan 17, 2021 11:44 PM

Citing unnamed sources. This is a CAD negative, an impact on what would have been more exports. - even if its only a sentiment negative,  Canada's CBC news report:

US stock index futures are trading lower to kick off the new week

Sun, Jan 17, 2021 11:25 PM

Globex trading is open and equity index futures are softer to open the week. ICYMI its a US holiday on Monday: Futures markets will be impacted. For equity index futures, for example (many others are similar but do check them out yourself if you need specifics)::

Goldman Sachs forecasts for EUR/USD and USD/JPY (USD weaker)

Sun, Jan 17, 2021 11:14 PM

Projections for the year ahead for these two major FX pairs: GS cite: GS like a higher AUD and CAD against the dollar also. 

Reuters Japan monthly tankan - manufacturers index less pessimistic but non-manufacturers slump deeper negative

Sun, Jan 17, 2021 11:05 PM

The monthly Reuters poll seeks to track the Bank of Japan's tankan quarterly survey. - January manufacturers' sentiment index -1 vs December -9 - Service-sector index -11 in January vs December -4

BoA investor survey shows short USD still a very popular trade

Sun, Jan 17, 2021 10:30 PM

Bank of America survey of 77 fund managers globally completed January 8 - 13  Circa 33% (the largest group) said it's too early to consider when the recent greenback selloff will stop

Trade ideas thread - Monday 18 January 2021

Sun, Jan 17, 2021 9:54 PM

Welcome again to the new week folks - Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:         

Economic calendar due from Asia today - China Q4 GDP and December 'activity data'

Sun, Jan 17, 2021 9:43 PM

Chinese economic growth figures are never very far from consensus expectations <cough> (Not a covid cough folks ...). Anyway, here goes with the data agenda for the session:

Yellen to be the only government official permitted to speak on the dollar

Sun, Jan 17, 2021 9:20 PM

The new administration of incoming President Biden is to restore the norm where no other cabinet officials or White House staff apart from the Treasure Secretary will talk about the dollar. 

Yellen will affirm commitment to a market-determined level for the USD rate

Sun, Jan 17, 2021 9:07 PM

Dow Jones / with the report that: Janet Yellen testifies on Capitol Hill Tuesday before the Senate Finance Committee as it considers her nomination to be the next U.S. Treasury secretary

Monday morning levels - indicative forex prices - 18 January 2021

Sun, Jan 17, 2021 9:02 PM

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! Some small change only from late Friday levels: And, we'll get to do the low liquidity thing, sort of, all over again tomorrow with:

UK covid cases turn lower, showing variant can be controlled

Sun, Jan 17, 2021 6:00 PM

What the turn lower in UK cases means The UK reported 38,598 new coronavirus cases on Sunday, which is the lowest since December 27 and the clearest sign yet that the UK has gotten the upper hand on the worrisome variant that caused the latest round of lockdowns.

EU to set out plans to lessen its reliance on the USD

Sat, Jan 16, 2021 3:56 PM

reports on moves from the European Union to lay out plans to limit its reliance on the USD ’s vulnerability to US sanctions and to financial risks. Measures proposed include