Forex News

ForexLive Americas FX news wrap: Retail sales beat but risk aversion dominates

ForexLive Americas FX news wrap: Retail sales beat but risk aversion dominates

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Forex news for North American trade on December 14, 2018: Markets: Gold down $4 to $1238 WTI crude down $1.38 to $51.20 US 10-year yields down 2 bps to 2.89% S&P 500 down 51 points to 2600 JPY leads, NZD lags Weak data out of China raised fresh questions about global growth in Asia-Pacific trade…
Another rough week for stocks: S&P 500 closes at worst since April

Another rough week for stocks: S&P 500 closes at worst since April

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Closing changes for US markets On the day: On the week: S&P 500 -1.3% DJIA -1.2% Nasdaq -0.8% The big bearish engulfing candle last week was a dire sign on the weekly chart. Now with the close at the lowest since April, along with tax loss selling and hedge fund window dressing, it's not looking…
EUR/USD in a narrow range but next week’s FOMC could be a game-changer – MUFG

EUR/USD in a narrow range but next week's FOMC could be a game-changer - MUFG

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MUFG on the euro MUFG Research discusses EUR/USD outlook and adopts a neutral bias but flags next week's FOMC as a possible trigger for reversing USD strength through next year. "The euro is continuing to stabilize at lower levels against the US dollar. A narrow trading range between the 1.1200 and 1.1500-levels remains in place…
r*, u*, star of wonder, star of night

r*, u*, star of wonder, star of night

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What Powell has been thinking about Back in August, Fed Chairman Powell piled into off a ridiculous few months of global policymakers mulling about what neutral rates were, or r*. Well that wasn't the only star on his mind. The WSJ writes that at the Fed's Christmas party this week, Powell and Vice Chairman Richard Clarida…
CFTC Commitments of Traders: Yen shorts think twice

CFTC Commitments of Traders: Yen shorts think twice

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The weekly forex positioning data in the CFTC Commitments of Traders report for the week ending Tuesday, December 11, 2018 EUR short 56K vs 61K short last week.  Shorts trimmed by 5K GBP short 42K vs 40K short last week. Shorts increased by 2K JPY short 98K vs 110K short last week. Shorts trimmed by 12K…
S&P 500 on track for lowest close since April

S&P 500 on track for lowest close since April

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The index is teetering The S&P 500 is down 43 points to 2607, which would be the worst close since April of this year. The October low is nearby with the December low not far away. It's another ugly day for sentiment and for the chart. ForexLive
Navarro: The Fed is moving far too fast

Navarro: The Fed is moving far too fast

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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, experience level, and risk tolerance. You could lose some or all of your initial investment; do…
Mass disruption to financial services is coming

Mass disruption to financial services is coming

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Robin Hood might be the most important company in the world The next great technological disruption is going to be in banking and brokerages. It's already underway and it's going to put massive amounts of money into people's pockets that was otherwise destined for banks. That's good and bad. Strong banks have money to lend…
USD/JPY drops to the lows of the day in quick move into the fix

USD/JPY drops to the lows of the day in quick move into the fix

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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, experience level, and risk tolerance. You could lose some or all of your initial investment; do…
USD/JPY drops to the lows of the day in quick move into the fix

Ease in Trade Tensions Bolsters Markets

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Asian markets headed higher on Thursday after signs that the trade war between the United States and China may be easing slightly. China placed its first order of soybeans from the U.S. since the agreement of the trade war truce between Presidents Donald Trump and Xi Jinping last week. According to reports by CNBC, Chinese…