Forex Archive

  • Morgan Stanley like the euro; this from their latest 'FX Pulse' MS cite: USD's reaction to a repricing of the Fed hiking cycle will likely be limited, so we choose to buy EURUSD on dips. The fundamental eurozone story is still strong, with local equity markets now even starting to outperform despite the strength of the

    Latest MS EUR/USD order (limit buy, target & stop)

    Morgan Stanley like the euro; this from their latest 'FX Pulse' MS cite: USD's reaction to a repricing of the Fed hiking cycle will likely be limited, so we choose to buy EURUSD on dips. The fundamental eurozone story is still strong, with local equity markets now even starting to outperform despite the strength of the
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  • Forex news for New York trading on September 22, 2017: Markets: - Gold up $6 to $1297 - WTI crude up 8-cents to $50.64 - US 10-year yields down 2 bps to 2.26% Theresa May's speech in Florence was highly-anticipated but failed to deliver anything beyond pleas for 'creativity' a dozen times. The lone highlight was extending the timeline by

    ForexLive Americas FX news wrap: Add two more years to the Brexit timeline

    Forex news for New York trading on September 22, 2017: Markets: - Gold up $6 to $1297 - WTI crude up 8-cents to $50.64 - US 10-year yields down 2 bps to 2.26% Theresa May's speech in Florence was highly-anticipated but failed to deliver anything beyond pleas for 'creativity' a dozen times. The lone highlight was extending the timeline by
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  • Fitch is upbeat on Russia If you can win a foreign election, you can get an upgrade. Highlights: - Putin in strong position to earn another mandate - Russian continues to make progress in strengthening its policy framework

    Fitch raises Russian sovereign outlook to positive from stable

    Fitch is upbeat on Russia If you can win a foreign election, you can get an upgrade. Highlights: - Putin in strong position to earn another mandate - Russian continues to make progress in strengthening its policy framework
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  • Fitch is upbeat on Russia If you can win a foreign election, you can get an upgrade. Highlights: - Putin in strong position to earn another mandate - Russian continues to make progress in strengthening its policy framework

    Fitch raises Russian sovereign outlook to positive from stable

    Fitch is upbeat on Russia If you can win a foreign election, you can get an upgrade. Highlights: - Putin in strong position to earn another mandate - Russian continues to make progress in strengthening its policy framework
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  • Magnitude 5.8 and magnitude 4.7 The two events were moments apart. That's not a big one but it's notable.

    Two earthquakes hit off the coast of California

    Magnitude 5.8 and magnitude 4.7 The two events were moments apart. That's not a big one but it's notable.
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  • Geopolitical Concerns Contribute To Rebound By Treasuries After trending lower over the past several sessions, treasuries regained some ground during trading on Friday amid geopolitical concerns. Bond prices moved notably higher early in the session but pulled back off their best levels as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.6 basis points to 2.262 percent. With the modest decrease on the day, the ten-year yield moved lower after ending the previous session at its highest closing level in well over a month. The rebound by treasuries came amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump. In a statement circulated by state news agency KCNA, Kim described Trump's threat to "totally destroy" North Korea as "mentally deranged behavior." Kim also called Trump's remarks "rude nonsense" and claimed he was not frightened by the presid..

    Geopolitical Concerns Contribute To Rebound By Treasuries

    Geopolitical Concerns Contribute To Rebound By Treasuries After trending lower over the past several sessions, treasuries regained some ground during trading on Friday amid geopolitical concerns. Bond prices moved notably higher early in the session but pulled back off their best levels as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.6 basis points to 2.262 percent. With the modest decrease on the day, the ten-year yield moved lower after ending the previous session at its highest closing level in well over a month. The rebound by treasuries came amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump. In a statement circulated by state news agency KCNA, Kim described Trump's threat to "totally destroy" North Korea as "mentally deranged behavior." Kim also called Trump's remarks "rude nonsense" and claimed he was not frightened by the presid..
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  • Forex futures net speculative positions as of the close of business on Tuesday September 17, 2017: - EUR long 62K vs 86K long last week. - GBP short 10K vs 46K short last week. There were some big swings in the latest CFTC data. The race to the exits for sterling shorts isn't a big surprise

    CFTC Commitments of Traders: Sterling shorts bail, AUD in style

    Forex futures net speculative positions as of the close of business on Tuesday September 17, 2017: - EUR long 62K vs 86K long last week. - GBP short 10K vs 46K short last week. There were some big swings in the latest CFTC data. The race to the exits for sterling shorts isn't a big surprise
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  • Dollar Little Changed As Trading Week Draws To A Close The dollar is turning in a mixed performance against its major rivals Friday afternoon, but is little changed overall. Investors have been reluctant to make any major moves going into the weekend, as tensions between the United States and North Korea have worsened again. The leaders of both nations have traded verbal jabs and North Korean Foreign Minister Ri Yong Ho said his country may consider testing a hydrogen bomb in the Pacific Ocean. The dollar slid to an early low of $1.2004 against the Euro Friday, but has since rebounded to around $1.1950. The eurozone private sector ended the third quarter on a strong note in September, with growth in activity picking up to its highest since May, flash data from IHS Markit showed Friday. The headline composite output index rose unexpectedly to 56.7 in September from 55.7 in August. The expected score was 55.6. Germany's private sector grew at the fastest pace in almost ..

    Dollar Little Changed As Trading Week Draws To A Close

    Dollar Little Changed As Trading Week Draws To A Close The dollar is turning in a mixed performance against its major rivals Friday afternoon, but is little changed overall. Investors have been reluctant to make any major moves going into the weekend, as tensions between the United States and North Korea have worsened again. The leaders of both nations have traded verbal jabs and North Korean Foreign Minister Ri Yong Ho said his country may consider testing a hydrogen bomb in the Pacific Ocean. The dollar slid to an early low of $1.2004 against the Euro Friday, but has since rebounded to around $1.1950. The eurozone private sector ended the third quarter on a strong note in September, with growth in activity picking up to its highest since May, flash data from IHS Markit showed Friday. The headline composite output index rose unexpectedly to 56.7 in September from 55.7 in August. The expected score was 55.6. Germany's private sector grew at the fastest pace in almost ..
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  • Crude Oil Ends Week Above $50 Despite OPEC Uncertainty Crude oil prices inched higher Friday, preserving weekly gains as OPEC met in Vienna to discuss output cuts. Oil's rally stalled amid uncertainty over the outcome of the meeting. Russian Energy Minister Alexander Novak said Russia and OPEC can wait until at least January before announcing further production quotas. Earlier in the week, Kuwait's oil minister said the oil market was already on the way to re-balancing. November oil rose 11 cents to $50.66 a barrel, for a weekly gain over 0.4%. At one point, oil touched a 4-month peak near $51. U.S. crude inventories rose for a third straight week, by 4.6 million barrels in the week ending Sept. 15, the Energy Information Administration said Wednesday.

    Crude Oil Ends Week Above $50 Despite OPEC Uncertainty

    Crude Oil Ends Week Above $50 Despite OPEC Uncertainty Crude oil prices inched higher Friday, preserving weekly gains as OPEC met in Vienna to discuss output cuts. Oil's rally stalled amid uncertainty over the outcome of the meeting. Russian Energy Minister Alexander Novak said Russia and OPEC can wait until at least January before announcing further production quotas. Earlier in the week, Kuwait's oil minister said the oil market was already on the way to re-balancing. November oil rose 11 cents to $50.66 a barrel, for a weekly gain over 0.4%. At one point, oil touched a 4-month peak near $51. U.S. crude inventories rose for a third straight week, by 4.6 million barrels in the week ending Sept. 15, the Energy Information Administration said Wednesday.
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  • Gold Stable After Post-Fed Retreat Gold futures were flat Friday, steady after big losses earlier in the week. Dec. gold was up 0.2 percent to $1294.80/oz. today, having touched a monthly low on Thursdsay. Data showing weakness in the manufacturing sector conflicted with the Federal Reserve's rosy assessment of the economy on Wednesday. At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed today. "The manufacturing sector, which was already struggling in August, consequently acted as an increasing drag on the economy, leaving services as the main growth driver. The survey is consistent with a slight deterioration in comparable official manufacturing output data," said Chris Williamson,?Chief Business Economist at IHS Markit. "While repair work in the aftermath of Hurricane Harvey may boost short-term business activity in coming months,?a drop in business optimism about the year..

    Gold Stable After Post-Fed Retreat

    Gold Stable After Post-Fed Retreat Gold futures were flat Friday, steady after big losses earlier in the week. Dec. gold was up 0.2 percent to $1294.80/oz. today, having touched a monthly low on Thursdsay. Data showing weakness in the manufacturing sector conflicted with the Federal Reserve's rosy assessment of the economy on Wednesday. At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed today. "The manufacturing sector, which was already struggling in August, consequently acted as an increasing drag on the economy, leaving services as the main growth driver. The survey is consistent with a slight deterioration in comparable official manufacturing output data," said Chris Williamson,?Chief Business Economist at IHS Markit. "While repair work in the aftermath of Hurricane Harvey may boost short-term business activity in coming months,?a drop in business optimism about the year..
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