Articles
Trump has discussed sanctioning China’s financial sector – report
53950 May 30, 2020 01:17 Forexlive Latest News Market News
This was out a short time ago from :
Bloomberg
President Donald Trump has discussed targeting China’s financial sector
through sanctions and trade policy in retaliation for Beijing’s moves to
curb Hong Kong’s autonomy, according to people familiar with the
matter.
This is a tough one to handicap but my guess is that
Baker Hughes US oil rig count 222 vs 237 prior
53949 May 30, 2020 01:09 Forexlive Latest News Market News
Drilling rigs continue to drop. If you believe in a strong 2021 rebound and return to strong demand for oil, there’s going to be shortages. I think it’s more of a 2022 or 2023 story but either way, there’s no money coming into US oil and gas.
The physical gold trade continues to reverberate
53948 May 30, 2020 00:51 Forexlive Latest News Market News
It’s tough to estimate the impacts of the physical gold trade on price but it’s been undoubtedly a massive headache and opportunity.
Trump will hold press conference at 2 pm ET (1800 GMT)
53947 May 30, 2020 00:35 Forexlive Latest News Market News
Come to be letdown at the strength of China sanctions, stay for whatever rant he goes on about Twitter and the Minnesota protests.
See here for global coronavirus case data
Atlanta Fed GDP tracker sees 51.2% contraction in Q2
53946 May 30, 2020 00:05 Forexlive Latest News Market News
We’re not going to get the first look at Q2 GDP until late July so it’s probably far too early to be reporting on a GDP tracker. The reality is that it’s heavily reliant on April data at the moment and that’s going to be the low point. As we get more May
Major indices in Europe closed sharply lower
53945 May 29, 2020 23:40 Forexlive Latest News Market News
The major indices are closing the day lower with the UK’s FTSE 100 leading the way to the downside:
For the week, the major indices closed sharply higher with the France’s CAC and Spain’s Ibex leading the way:
US dollar bid hits in USD/JPY and USD/CAD ahead of the fix
53944 May 29, 2020 23:02 Forexlive Latest News Market News
We’re counting down to the top of the hour and the final fixing of the month and USD/JPY continues to rise while USD/CAD just jumped as flows combined with a break of the short-term trading range.
Month-end flows a factor in the dollar moves and GBP rally
53943 May 29, 2020 22:26 Forexlive Latest News Market News
It’s the final trading day of the month and that’s leading to some month-end trading flows.
The theme in the past hour is US dollar buying but it’s still the weakest performer on the day. That fits in with model flows we earlier in the week.
831 | -1.205% | 3 Setups | AUDUSD AUDJPY GBPJPY
53744 May 29, 2020 22:12 SwingFish Trading Room Journal AUDJPY • AUDUSD • GBPJPY
skipping Asia Session todayFull Article
May final U Mich consumer sentiment 72.3 vs 74.0 expected
53939 May 29, 2020 22:02 Forexlive Latest News Market News
See here for global coronavirus case data
830 | +0.369% | 4 Setups | USDCAD AUDJPY GBPJPY GBPUSD
53639 May 29, 2020 22:01 SwingFish Trading Room Journal AUDJPY • GBPJPY • GBPUSD • USDCAD
VERY Early start (could not sleep)Full Article
Trump has his hands full today but China is on his mind
53935 May 29, 2020 21:17 Forexlive Latest News Market News
Ok, it was in all-caps and with an exclamation point.
In the crazy world we live in where traders try to make sense of what’s going on in the Oval Office, this is meaningful.