There are a number of factors that work to diminish the market impact of US Trade Balance. Crude oil prices soared amid reports that exports from Iran plunged to the lowest in 2. Responses to the Australian trade surplus data earlier Eamonn Sheridan. Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. Because the figure measures price changes in commodity goods, it acts as an early indicator of price changes.
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The markets section shows you forex patterns in real-time in each and every timeframe in one simple screen. Instantly share your chart with your fellow traders. Each pair will include the full data such as the amount of open positions, total volume and more. Some of our reviews: Can check my portfolio anywhere, anytime. Stocks, Forex, Finance, Markets: Trade Forex at any time, at any place! Market trends - Algorithmic forex signals. Trade Forex and Stocks at any time, at any place!
Live forex signals delivered automatically to your forex trading account. Get a rebate for every trade you make in your Forex trading account. Not much of a market mover as the focus is on the jobs report to come tomorrow.
Also of note, we'll have Italy's finance minister Giovanni Tria speaking on the country's economic report presentation at GMT. That's all for the European session to come. I wish you all the best of days and good luck with your trading! View Full Article with Comments. ForexLive Asia FX news wrap: In a nutshell, very hawkish: Rates are still accommodative Rates are a long way from neutral Rates will go past neutral If he had have asked, 'Am I being clear?
Apart from Powell and Pence news and data was non impactful. Hawkish Powell, more USD bought https: In a nutshell, very hawkish:. Asset 24 View More. Trade ideas thread - European session 2 October The Wall Street Journal has more detail, its a great read if you can access the gated story.
I often try to transfer a few million out of my account whereupon the teller says something like: Export earnings were more resilient than expected At this stage, it appears that net exports are on track to be broadly neutral for growth in the September quarter.
Responses to the Australian trade surplus data earlier Eamonn Sheridan. A new approach to diplomacy might be needed.
If that guy doesn't get confirmed for the Supreme Court maybe they could send him to China to smooth things over. He could give Li a big pash or something? Some dates on the Italian budget to note in the diary Eamonn Sheridan. Australia trade balance for August: In the olden days if you said 'Deficit! The other thing about olden days, when the trade deficit was announced each month the AUD would drop like a rock.
Now we get surplii plural of surplus? Put that down to we all secretly love bad news. As I said earlier, the focus is on offshore developments, rising US rates and rising trade tensions, not domestic data. Another month, another Australian trade surplus. PIMCO warn on Australia ratings - probability of banks downgrades higher than before PIMCO is a big, huge manager of money, and they are a wee bit concerned on Australia "We have grown more cautious with the external credits of Australian banks,' "The probability of a market-moving agency downgrade that causes major banks to lose their AA- rating for the first time in history is now higher than before.
More like the middle of this afternoon at the rate its dropping …: Rabobank on the Australian dollar, say that: Forex option expiries for Thursday 4 October Eamonn Sheridan. Here is a link to more from JPM. Better late than never. JP Morgan have downgraded their view on Chinese stocks on their expectations for a worsening trade war Lucky there is forexlive to get everyone ahead of the game, been sounding the alarm bells on this since February when Mr Ross first opened his gob on trade restrictions and tariffs.
China holidays continue all week but its not helping the yuan - CNH slides further There are two yuans, the onshore and the offshore. The offshore yuan often leads the onshore not always , and its paving the way lower: The USD is up across the board, overnight and again in the Asian morning. So its hardly surprising the yuan is lower. TBH I am surprised its not lost more ground. China holidays continue all week but its not helping the yuan - CNH slides further https: There are two yuans, the onshore and the offshore.
Wed 3 Oct Here's a trade idea that's at a discount Adam Button. Moody's on their stable outlook for New Zealand's banking system The ratings agency says their stable outlook for NZ banks is underpinned by health economic conditions Capitalisation will improve moderately Funding will remain steady as credit growth slows, resulting in a marginal narrowing of bank's funding gap.
Moody's on their stable outlook for New Zealand's banking system Eamonn Sheridan. The ratings agency says their stable outlook for NZ banks is underpinned by health economic conditions - Capitalisation will improve moderately - Funding will remain steady as credit growth slows, resulting in a marginal narrowing of bank's funding gap.
There are the headline commetns on the first and second post above, but some of the news organisations have recaps up also if you'd like a little more:.
Batman with the POWell punch. Britain says Russian military intelligence behind host of global cyber attacks Eamonn Sheridan. Australia services PMI comes in at Australia's trade account has been in surplus each month so far in What could make the FOMC speed up the pace of tightening? What would make it pause? And how will the Committee know when it's done? We continue to expect five more rate hikes through the end of , with risks to the upside. Their nominated entry point is under water as I post, but if you like their reasoning you have an opportunity for better entry thanks to the overnight slide and Powell's comments late NY time headlines , and more.
Their nominated entry point is under water as I post, but if you like their reasoning you have an opportunity for better entry thanks to the overnight slide and Powell's comments late NY time , and. Forexlive Americas FX news wrap: Strong US data sends the dollar higher. Forex news for NY trading on October 3, Inflation at goal, economy positive, unemployment lowest in 20 yrs Fed's Mester: Does not see high risk that US inflation will pick up precipitously Crude oil futures not phased by inventory data, settle up 1.
Labor market has very little slack Italy gov't agrees to deficit targets Homework assignment: Lessons for traders courtesy of Amazon's Jeff Bezos European shares rebound in trading today