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A deal is expected to be signed by today This has been doing the rounds for the better part of North American trading yesterday and will also likely be the case today. It has been quite some time coming so finally reaching a conclusion here shouldn’t be all too surprising.ForexLive

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It is going to be an eventful week in markets despite the slower start today Let us take a look at what else is on the agenda: Tuesday, 10 December – RBA governor Philip Lowe speaks at the AusPayNet Summit in Sydney – China November CPI data – Germany December ZEW survey current conditions, expectations

It may very well be but here is why that doesn’t matter at all ForexLive I will be the first to admit that I’ve basically lost count on how many times we have actually been “close” to some form of a trade deal between the US and China over the course of this year. So,

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

The latest Kantar poll, surveyed between 28 November and 2 December It shows a marginal increase in support for Boris Johnson’s Conservatives but overall it falls within the range of other opinion polls we have seen. That said, this surely won’t derail the pound’s advance seen so far today. The general lead among opinion polls

According to USTR The US is considering higher EU tariffs after WTO rulling The WTO back in October authorized the US to go ahead with tariffs worth billions of dollars on EU goods. The hope at the time was that it would bring both sides to the table to negotiate a fairer trade deal. However, a US trade representative is saying  the WTO

Latest data released by Procure – 2 December 2019 ForexLive Right in line with expectations as Swiss manufacturing activity is seen easing a little more towards the end of the year. If anything, it just reaffirms that factory activity in the region is continuing to struggle with little signs of a solid rebound being imminent.

Early close due to the US holiday The S&P 500 fell 12 points to 3141, finishing just 2 points above the session low. Selling accelerated on reports about more more sanctions on Huawei along with a brutal day in energy. Even with today’s fall, the index posted a sparkling 3.3% climb in the month. ForexLive

The manufacturing PMI has come in at 50.2, back into expansion for the first time since April this year. expected 49.5, prior 49.3 the new export orders sub-indicator moved to a 7 month high of 48.8 Services (non-manufacturing) improved also, to 54.5 and its highest since March  expected 53.1, prior 52.8 The composite has thus headed

Forex news for North American trading on November 29, 2019: Markets: Gold up $8 to $1463 WTI crude down $2.69 to $55.42 Natural gas down 8.8% US 10-year yields up 1 bps to 1.77% S&P 500 down 13 points to 3141 in shortened session GBP leads on the day, CHF lags NZD leads on the

Via Bloomberg  I came across a helpful post recently on Bloomberg’s Market Live Blog from Laura Cooper. In the post she highlighted the impact that Black Friday sales have had in the UK since their inception in 2013. There is always something quite hideous about these sales as images of people climbing over each other for

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

What to watch for in the new NAFTA headlines MUFG Research discusses CAD outlook and flags a scope for some limited support from the latest USMCA reports which add to trade deal optimism. “Trade deal optimism has also been encouraged by positive comments from Nancy Pelosi overnight who stated that the Democrats were “within range” of

Another macro fund bites the dust Bloomberg reports that Stone Milliner Asset Management is shutting down its macro hedge fund after poor returns and redemptions. The London-based firm oversees about $3 billion, down from $6 billion at its peak. Investors have taken $88 billion from hedge funds this year, double what was withdrawn in 2018

Goldman Sachs outlook for currencies in the year ahead Some themes from Goldman Sachs’ 2020 outlook for currencies in 2020: There are plenty of big picture reasons to dislike the US dollar but they don’t see a significant short opportunity, at least for 2020 The next big move in the euro will probably be higher

Ray Dalio from Bridgewater Associates responsed to WSJ article It was reported by the Wall Street Journal earlier today that Ray Dalio from Bridgewater Associates had a 1.5 billion bearish option position on the S&P and Eurostoxx 600 index.   Dalio is out with a tweet debunking the story. He tweets:   Even if he did, or does,  have a 1.5 billion option

Forex news for NY trading on November 22, 2019 In other markets , the snapshot near the close of the day showing: Spot gold, $-2.34 or -0.16% at $1462 WTI crude oil futures $-0.58 or -0.99% at $58.00 Bitcoin on Coinbase fell to a session low $6775.47, but has rebounded up to $7300. That is still down about