Forexlive RSS Breaking News Feed 2017-11-29 00:00:34
S. Koreans Moon weighs in
He adds:
Meanwhile Japan’s Chief Cabinet Secretary Suga says Japan and US did not discuss military options.
Senator Susan Collins: Had good discussions with WH and colleagues on tax bill
Corker talking too…
She adds:
Sen Bob Corker has added:
Trump/Abe agree to boost deterrence capability against No. Korea
Japan spokesperson
A Japan spokesperson is speaking for Trump and Abe. Says:
Earlier Trump and Abe agreed by phone to strengthen cooperation on No. Korea missile programme.
Forexlive RSS Breaking News Feed 2017-11-28 23:26:44
Speaking in Wellington
The snapshot of the forex winners and losers at the end of the day
The GBP is the strongest. While the EUR is the weakest.
As the trading day comes to a close, the GBP is the strongest of the major currency pairs, while the EUR is the weakest. That makes the EURGBP the biggest mover. Indeed it fell -…
Private US oil inventories vs -2485K expected
The private oil inventory survey
– Oil +1821K vs -2485K expected
– Gasoline -1529K vs +1216K expected
– Distillates +2696K vs +459K expected
WTI crude quickly down to $57.64 from $$57.90.
ForexLive Americas FX news wrap: Sterling reverses on Brexit progress
Forex news for New York trade on Nov 28, 2017:
– North Korea fires ballistic missile
Markets:
– S&P 500 up 25 points to record 2626
– Gold down $2 to $1292
It looks increasingly likely that Congress will pass the tax bill and that helped stocks to…
Japanese PM Abe says will protect public, requests UN security council meeting
Comments from Abe
The latest reports said this missile went higher than any previous North Korean launch.
Separately, Trump said "we will take care of it" regarding the North Korean issue.
Forexlive RSS Breaking News Feed 2017-11-28 21:35:36
The vote could come as soon as tomorrow
The S&P 500 is up 24 points to a record 2624.
The lesson in today’s trading was to buy the North Korea dip. The index slumped with the missile in the air but jumped when it landed in the ocean.
Sen. Flake aide: Still has concerns on the tax bill
Comments from Republican Senator Flake
It’s tough to see any way this bill isn’t passed after Corker and Johnson jumped on board.
US stocks climb near record high at the open
S&P 500 up 5 points to 2606
US stocks climbed once again at the open with the S&P 500 hitting a fresh record.
Forexlive RSS Breaking News Feed 2017-11-28 15:18:31
Dudley delivers welcoming remarks at a Treasury conference
– New broker-dealer transaction reporting a good step
– Opaque clearing of Treasury trades a ‘major issue’ for US regulators
There’s nothing on monetary policy in these comments but Dudley and…
Preview: What will OPEC do on Thursday?
OPEC meets in Vienna on November 30
Indications are that OPEC members are struggling to come to a consensus on extending quotas through 2018. Last week oil hit a two year high but the failure to come to an agreement may rapidly unwind the progress.
FHFA US Sept house price index +0.3% vs +0.5% m/m expected
House price data from the FHFA
– Prior was +0.7%
– +6.3% y/y
A miss on the FHFA measure but the 6.3% annual rise is certainly healthy.
Forexlive RSS Breaking News Feed 2017-11-28 15:00:02
US house price data from S&P CoreLogic Case-Shiller
– Prior was 5.92%
– Prices +0.52% m/m vs +0.44% prior
– National index +6.15% y/y vs +5.95% prior
US house prices are picking up nicely.
Trading Around GBP, Short GBP/USD and Short EUR/GBP
Two compelling patterns with positive risk to reward ratios pointing in the opposite directions for Sterling. See the Elliott Wave counts for GBP/USD and EUR/GBP.
Trading Around GBP, Short GBP/USD and Short EUR/GBP
Two compelling patterns with positive risk to reward ratios pointing in the opposite directions for Sterling. See the Elliott Wave counts for GBP/USD and EUR/GBP.
Euro investors are only hearing the good news
A strong eurozone economy has offset worries over political instability — but for how long?
Oct US wholesale inventories -0.4% vs +0.4% expected
Preliminary wholesale inventories for October 2017
– was +0.3% (revised to +0.1%)
That dip isn’t going to help Donald Trump get growth to 3%.
US Oct advance goods trade balance USD -68.3 bln vs -64.9bln exp
US Oct advance goods trade balance data now out 28 Nov
– USD -64.1bln prev
– exports 129,084mln vs 130,334mln prev
– imports 197,381mln vs 194,447mln prev
Soggy trade data as exports decrease and imports increase. Large imports could be considered bull…