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ForexLive Americas FX news wrap: US PMIs blow away expectations
Forex news for New York trade on Markets: - Gold down $15 to $1854 - US 10-year yields down 2 bps to 1.85% - S&P 500 down 12 points to 3841 -...
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US equity close: Mixed picture in US equities
Closing changes for the main markets: That's a strange dynamic. It was neither tech nor large caps leading but small caps managed to clock a big...
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Biden says covid deaths expected to be well over 600,000
The US just crossed 400,000 Biden is speaking from the White House about the pandemic and said there is little that can be done to change the...
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What's China plan to reset relations with the US?
China has been making overtures to the US The US-China well has been poised and any talk of a return to the pre-2017 status quo is unrealistic....
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Strong retail sales? Upbeat BOC? No matter, CAD still the laggard this week
Global macro outshines domestic macro The top two items on the Canadian dollar agenda this week were the retail sales report and the Bank of...
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A big week for earnings next week in the US
Microsoft, American Express, Apple, Tesla, Facebook, McDonald's all scheduled to release Below are a list of the major companies scheduled. Monday...
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Brian Deese NEC Director: Economy at a very precarious moment
Brian Deese new NEC Director speaking from the White House
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Baker Hughes oil rig count 289 vs. 289 estimate. Last week 287.
Oil rigs are up for the 9th consecutive week The price of WTI crude oil futures was trading at $52.38 just before the release. The price is...
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Baker Hughes oil rig count at the top of the hour
Rigs are up 8 consecutive weeks The price of WTI crude oil futures are currently trading down $0.75 or -1.41% at $52.38
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New covid variant may be linked to higher mortality, UK says
That's not a good headline Comments from UK chief medical officer Chris Whitty: You hate to hear that because the UK and US are going to be...
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European equity close: Soft finish leads to negative week
Closing changes in the main European bourses: Talk of a fresh election is weighing on Italian stocks On the week:
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US weekly oil inventories 4352K vs +2425K expected
Weekly US oil inventories API data from Wednesday: That was a larger build in oil and prices have ticked lower but the product data is bullish. WTI...
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Astrazeneca informs EU of vaccine delivery issues
Discontent in the EU is growing Astrazeneca now sees fewer vaccine deliveries post-approval. It's not going to be a good look for the EU when the...
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Schumer says Trump impeachment to be sent to Senate on Monday
The Senate must commence proceedings when it receives them The Senate is going to hold a trial to impeach Trump and could vote to ban him from...
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US December existing home sales 6.76m vs 6.56m expected
December existing home sales data Inventory is tight but people are still finding ways to sell homes.
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Markit January prelim US services PMI 57.5 vs 53.4 expected
The January 2021 PMIs from Markit These are very strong numbers. The survey notes that manufacturers have had better luck passing on cost pressure...
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US 10-year yields still stuck in the range
US 10s down 1.5 bps to 1.09% The most-important chart for the forseeable future will be US 10-year yields. There's a risk-off tone in markets but...
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US dollar rally stalls as dip buyers emerge
US dollar has been strong today The US dollar is giving back some of today's gains as sentiment stabilizes. There's a risk off mood in the markets...
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Canada November retail sales +1.3% m/m vs 0.0% expected
Canadian November retail sales data This is a very strong reading. The highest economist estimate was +0.8% and it blew that away. The December...
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US Markit surveys and Canadian retail sales coming up
Negative mood ahead of the data The economic calendar features a few highlights today, including some top tier data. The first event is Canadian...
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One of the UK's wins in COVID-19 fight
Vaccinations It's strange to see the UK ahead of the curve with anything COVID-19 related. However, the UK has outpaced the rest of Europe with...
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Forexlive European FX News 22 Jan - Weak PMI's accelerate risk off tone
De-risking into the weekend Other markets The session started with on after the strong gains seen this week in equity markets since Tuesday....
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French Finance Minister on Aerospace sector
One of the hardest hit industries Air France are in trouble. Yesterday they laid off a further 800-1000 jobs. This was on top of the already 5,000...
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Italy's PD Senator on early elections
Hitting back against early election reports
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London COVID-19 variant found in Japan
Via Reuters Japan health ministry reports that girl in Tokyo under 10 years old is found to have London COVID-19 variant. Thought to be as a result...