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Forexlive RSS Breaking News Feed 2017-11-17 01:07:17

Head of the European Central Bank due to speak at 0830 GMT
– Keynote speech at the Frankfurt European Banking Congress
– The topic is ‘ Europe into a new era – how to seize the opportunities’
Bundesbank President Jens Weidmann and Deutsche Bank CEO Joh…

Germany – Merkel Leads Marathon Coalition Talks as Obstacles Abound

While we wait for Asia to get a bit more FX active, Bloomberg iwht an update on Germany:
German Chancellor Angela Merkel led marathon talks late into the evening on forming an unprecedented four-party government for Europe’s biggest economy as major di…

Goldman Sachs 2018 outlook – soggy dollar, better euro

Goldman Sachs expects the Federal Reserve to hike rates 4 times in 2018
But say that does not necessarily mean USD strength
GS cite
– the previous rate hike cycle in the US (mid-2004 to mid-2006) … trade-weighted USD fell (around 7%)
GS suggest …

Forexlive RSS Breaking News Feed 2017-11-16 22:50:02

Forex news for New York trading on November 16, 2017.
A snapshot of other markets near the end of day shows:
– Spot gold of $.38 or 0.03% at $1278.50
– WTI crude oil futures down $.14 or -0.25% at $55.19
The big news today (although expected) was the H…

US stocks surge with the Nasdaq closing at record levels

Walmart surges >10 % on earnings and forward guidance.
The major US stock indices are ending the day with strong gains, rebounding after six days lower.
The gains were helped by Walmart and Cisco which reported stronger than expected earnings and re…

A technical look at some major pairs as the day comes to a close

Dollar mixed in trading today
USDCAD
The USDCAD mad it down to the trend line and 100 (currently 1.2734) and 200 (1.2730) hour MAs. You can add the 50% of the move up from last week’s low at 1.2727. The low came in at 1.2727 and bounced. Yesterday, the…

A technical look at some major pairs as the day comes to a close

Dollar mixed in trading today
USDCAD
The USDCAD mad it down to the trend line and 100 (currently 1.2734) and 200 (1.2730) hour MAs. You can add the 50% of the move up from last week’s low at 1.2727. The low came in at 1.2727 and bounced. Yesterday, the…