House speaker Ryan comments
There is more hedging on the corporate rate cut
US House Speaker Ryan is on the newswires saying:
The problem with the tax reform is the threat of larger deficits before the potential growth from such measures. Plus it is no…
House speaker Ryan comments
Looking to break below he 1.1573-80 area
Into the 4 PM London fixing, the EURUSD has moved to new session lows. The range is now up to 32 pips for the day (up from 28). Moreover the pair is looking to test the swing lows from October 27 and Novem…
EURUSD view from Societe Generale
Societe Generale Cross Asset Strategy Research discusses the relation between EUR long positioning and the risk sentiment across the FX market which seems to be impacting investors appetite for buying high-yielders suc…
The post Soc Gen: More long positions need a “wash out” to unlock risk-on mood appeared first on Forex news forex trade.
Weekly DOE data
A surprise build in the crude oil inventory in the current week with inventories up 2.237M vs -2.454M estimate.
In other inventory data:
The DOE is also reporting that US crude oil output is the highest since 1983. The rig count last we…
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The DOE data will be out at the bottom of the hour for the current week.
The estimates are for:
Last night the private data showed the following:
The post The DOE weekly inventory data is due at the bottom of the hour. appeared first on F…
Snapshot of the strongest and weakest as NA traders enter for the day
As the North American traders enter for the day, the JPY is the strongest currency of the majors, while the GBP is weakest. The USD is up against the GBP, but lower…
The post The strongest currency is the JPY. The GBP is the weakest as NA trader enter for the day. appeared first on Forex news forex trade.
Nasdaq leads the way
The US major indices are all ending in the black and that means that they are all closing at record high levels.
Some merger news dominated:
The post US stocks end the session with gains. Another record day for major indices appear…
Break below will have traders looking back toward 0.9938.
The USDCHF has drifted lower and tests the 200 hour MA at 0.9976. A move below (and staying below) will have traders looking toward the 0.9938 area, where there are a number of swing levels.&nbs…
The post Forex technical analysis: USDCHF tests 200 hour MA appeared first on Forex news forex trade.
100/200 hour MA. 50% retracement. 100 bar MA on 4-hour chart all ahead
Earlier the GBPUSD had moved above its 100 day MA but stayed underwraps by a swing area in the 1.3110-25 area ().
The post Forex technical analysis: GBPUSD gets the push highe…
Spoke with reporters on Friday conference call
Current Fed chair Yellen has said that “THe FOMC is not actively considering these additional tools and policy frameworks, although they are important subjects for research”
The post SF Fed president Williams: Lays out case for price level targeting appeared first on Forex news forex trade.