Forex News

Theresa May to make a statement to parliament later today on Brexit negotiations

Italy’s 2019 National Budget: Markets Tremble Ahead of Deadline - 15 October 2018

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On October 15 the Italian government will submit its highly-anticipated national budget to the European Union. Already, the forecasted budget has caused a spat between Italy’s Deputy Prime Ministers (Matteo Salvini and Luigi Di Maio) and the EU. The proposal contains controversial targets which contradict EU policy, and, as it stands, Italy’s government is determined…
Theresa May to make a statement to parliament later today on Brexit negotiations

Pound Feeling Pressure Ahead of Summit - 15 October 2018

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The Pound Sterling traded close to a 1-week trough as negotiators for the Brexit deal have hit a stumbling block. With only days to go before the start of the European Union summit, the Irish border trade deal has once again become the point at which there seems little agreement. With Britain due to leave…
Theresa May to make a statement to parliament later today on Brexit negotiations

Major Traders Control the Future of Bitcoin - 15 October 2018

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A study conducted by an observatory of the digital currency market shows that the largest Bitcoin holders are a variety group that can contribute to price stability instead of destabilizing the market. The analyzing 32 profiles, which are the largest and which capture the largest share of Bitcoin, on the heels of rumors that a…
Trump speaks with Saudi king, says will send Pompeo to meet him

Trump speaks with Saudi king, says will send Pompeo to meet him

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Trump to send Secretary of State to Saudi Arabia Trump tweeted about Saudi Arabia, noting that the king denied any knowledge of what happened to Jamal Khashoggi. Saudi markets were roiled on weekend threats from Trump to take strong action if Saudi Arabia is found responsible. WTI crude oil initially rose as high as $72.70…
US September advance retail sales +0.1% vs +0.6% expected

US September advance retail sales +0.1% vs +0.6% expected

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September 2018 US retail sales highlights Prior was +0.1% (unrevised) Ex autos -0.1% vs +0.4% exp Prior ex autos +0.3% (revised to +0.2%) Ex autos and gas 0.0% vs +0.4% exp Prior ex autos and gas +0.2% (revised to +0.1%) Control group +0.5% vs +0.4% exp Prior control group +0.1% (revised to 0.0%) Full report The…
US Empire manufacturing for October  21.1 vs 20.0 expected.

US Empire manufacturing for October 21.1 vs 20.0 expected.

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NY state survey of manufacturers Prior month unrevised at 19.0 New orders 22.5 versus 16.5 employment 9.0 versus 13.3 last month six-month business conditions 29.0 versus 30.3 last month  prices paid 42.0 versus 46.3 last month The survey is comprised of about 200 manufacturers in New York state which asks respondents to rate the relative…
The CHF is the strongest and the USD is the weakest as NA traders enter

The CHF is the strongest and the USD is the weakest as NA traders enter

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GBP recovering Traders decided to make a run into the CHF at the start of the week and that was helped by moves into the USD as concerns about trade, stocks and you can add Saudi relations as well.  Brexit concerns had the GBP down, but the move lower could not be sustained.   The ranges…
ForexLive European FX news wrap: Dollar gets no love as softer equities remain the key focus

ForexLive European FX news wrap: Dollar gets no love as softer equities remain the key focus

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Forex news from the European trading session - 15 October 2018 Headlines: Markets: CHF leads, USD lags on the day European equities mixed on the session US 10-year yields flat at 3.159% Gold up 0.93% to $1,229.21 WTI up 0.70% to $71.84 Bitcoin up 3.23% to $6,415 The major trading theme in markets from last…
US retail sales will set the tone for New York trade

US retail sales will set the tone for New York trade

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Retail sales due at the bottom of the hour The September retail sales report is due at 1230 GMT and expected to rise 0.6% m/m with the control group up 0.4%. Here's what Barclays had to say: "We expect retail sales to have risen 0.6% m/m in September, driven by strength in autos and core…
Theresa May to make a statement to parliament later today on Brexit negotiations

Theresa May to make a statement to parliament later today on Brexit negotiations

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According to the parliament leader's office No specific time stated here but keep your eyes and ears peeled. This will likely indicate May's stance and the proposals that were made to the EU over the weekend - which resulted in an impasse as negotiations have now come to a standstill ahead of the summit in…