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Stocks uptick (again). A headline just crossed saying that the 1st China trade deal would include tariff rollbacks. There is no details as to what does rollbacks would be. Earlier today in the European session China’s Commerce ministry said that China is ready to negotiate on how much tariffs can be cancelled and that both sides will cancel tariffs
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Fiscal policy needed for the Euro Draghi tried to help out Lagarde as he realised that monetary policy has now run its course. Fiscal policy is the tool needed now to try and lift the Euro. The Euro data has shown some improvement, but German Gov’t spending could really help the drag in German manufacturing. 
Later today, ECB Pres. Lagarde will be speaking The US factory orders for September will be released at 10 AM ET today. The expectations are for -0.4% vs a -0.1% loss in August.  Part of factory orders is Durable goods orders which had the preliminary report released back on October 24th. That report showed a
The election will take place on December 12 Bank of America Merrill Lynch Global Research discusses GBP outlook ahead of next month’s UK elections. “Are we finally heading for some closure on phase 1 of Brexit? Possibly but not certainly. The House of Common‘s last night authorised a 12 December UK general election. Assuming the legislation
Highlights of the October US employment report: Prior was +136K (revised to +180K) Estimates ranged from +25K to +140K Two month net revision +95K Unemployment rate 3.6% vs 3.6% expected (prior 3.5%) Participation rate 63.3% vs 63.1% exp (63.2% prior) Avg hourly earnings +0.3% m/m vs +0.2% exp Avg hourly earnings 3.0% y/y vs +3.0%
What’s the message here? Stocks are at a record and USD/JPY has completely unwound the drop that started on July 31. What happened that day? That was when Trump shocked markets with a fresh round of tariffs on China. Since then the Fed has cut a couple times and is expected to cut again on
German bund yields shoot up as a Brexit extension looks a done deal now ForexLive With France turning the corner on the Brexit extension deadline this morning, it is putting a bit of pressure on bonds with yields climbing higher on the day now. German bund yields have shot higher while Treasury yields are also
From Fox News’ Edward Lawrence This report may help risk trades: I have learned the phone call between the heads of the 2 trade teams has concluded. US Trade Rep Lighthizer & Treasury Sec Mnuchin spoke to Vice Premier Liu He to finalize the Phase One deal with China. US Sources say the teams are
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
A big-picture look The economic calendar is quiet and the focus in global markets continues to be on all things Brexit and trade. The pound has eased off recent highs, when it poked above 1.3000 against the US dollar on Monday, though setbacks have been limited and controlled thus far. ECB decision highlights Thursday’s docket.
Latest data released by INSEE – 23 October 2019 Prior 106 Manufacturing confidence 99 vs 102 expected Prior 102 ForexLive A slight dip in business confidence but notably, industry morale weakens further as the manufacturing outlook in the region continues to look bleak. That said, the French economy relies much more heavily on its services