Forex News Would you like to receive premium offers (available to Myfxbook clients only) to your email? You can unsubscribe from these emails at any time through the unsubscribe link in the email or in your settings area, 'Messages' tab The ForexLive economic calendar can help you get a better perspective on forex news events that could impact your trading. Economic data indicators and /05/15 · Forexlive Americas FX news wrap: USD weakest of the majors today after retail sales disappoint Forex news for North American trading on May
Live Forex Economic Calendar | Forexlive
Subscription Confirmed! Thank you for subscribing. Coming Up! Title text for next article, forex news live. Join our Telegram group. Forex Live Premium. Webinar Calendar, forex news live. Compare FX Brokers. Sat 29 May GMT Author: Adam Button. A look at seasonal trends in the forex market for June June will begin after a long weekend in the US as we turn the calendar Tuesday with an OPEC meeting that could set forex news live table for crude and commodity currencies.
In the bigger picture, economic data and forex news live banks are growing drivers in the forex market, which is music to a fundamental traders' ears. Seasonals are another tool in the toolkit and are coming off a strong predictive month in April and a bit of a dud in May but if you've been following these posts for the last 10 years or so that I've been doing them, there are a lot more hits than misses.
For June, there are some decently strong signals. The average decline over the past two decades is 1. The chart ads to the case forex news live shorts, with little support standing in the way of a fall to 0. The seasonals were negative for GBP in May but it ended up being the best performer.
That's a sign of underlying strength as forex news live economy quickly emerges from the pandemic and the cloud of Brexit continues to lift. June is the second-best month for AUD, CAD and NZD.
The kiwi is compelling because of the turn at the RBNZ. Now that they've broken the dam, policymakers there may find it easier to deliver upbeat comments or flirt with forex news live idea of faster rate hikes. I'm less enthusiastic about AUD because of risks around covid, vaccine hesitancy and China relations. Iran and OPEC risks loom in the near term. June is the second-worst month for US stocks over the past 20 years but it's a solid one for the Japanese Nikkei with a 0.
The index has also risen in 4 straight years and 13 of the past Euro bulls and bears are fiercely entrenched but I've been impressed by the forex news live of forex news live single currency. It's risen for two straight months following the March drop and June is the third-best month over the past 20 years.
View More. View Full Article with Comments 2. Fri 28 May GMT. There was heavy dollar buying right at the start of US trade with the thinking that there were either bets on a strong PCE report or more of the dollar flows that have boosted USD at times in the latter half of the forex news live. png Adam Button.
Author: Adam Button. Category: News, forex news live. Asset Asset 24 View More. US stocks stumble into the long weekend, giving back most gains Meme stocks had a big turnaround Shares of AMC went for a wild ride today in the latest meme stock mania. Meme stocks had a big turnaround Shares of AMC went for a wild ride today in the latest meme stock mania.
Weekly CFTC Commitments of Traders data: Cable gets a bit of love Weekly futures forex positioning data from the CFTC: The pound was the top performer this month in the G10 space and it got a bit of late-month love from speculators as the net position grew to the largest since early March. Weekly futures forex positioning data from the CFTC: The pound was the top performer this month in the G10 space and it got a bit of late-month love from speculators as the net position grew to the largest since early March.
The yen was the laggard, down 0. Category: Technical Analysis. A look at FX monthly performance and the chart The pound was easily the best performer this month gaining 2. On the week, oil was up 4. Technically though, this is looking like another failure to break to new highs, forex news live. In a tight range for now; staying core bearish for 1. Those GDP forecasts are for the fiscal year so they look different than private economists' numbers.
In any case, those look to be conservative to me. Highlights of the White House budget plan Note that all these plans need to get through Congress, which means that they'll be fundamentally different, forex news live. Baker Hughes US oil rig count vs prior Adam Button. The Fed watches this closely This index strips out the more-volatile numbers in PCE inflation and then annualizes monthly forex news live. White House to forecast modest growth beyond this year in budget White House to present budget today This White House is using much more conservative growth forecasts in its budget than the previous one.
That hurts some debt-to-GDP metrics. White House to forecast modest growth beyond this year in budget Adam Button, forex news live. White House to present budget today This White House is using much more conservative growth forecasts in its budget than the previous one.
The capacity utilization for April was revised to Author: Greg Michalowski. Federal Reserve issues annual benchmark revisions for industrial production and capacity utilization The new revisions show that industrial production was revised even lowered to 0.
In the New York session, the dollar has gotten weaker from pre-market levels. Pairs like the EURUSD has nearly retraced all of the early declines. The GBPUSD is also pushing back to the upside, the USDJPY lower and USDCHF lower. jpg Greg Michalowski.
May seasonal scorecard: Cable busts an year losing streak It was a poor month for seasonal-following strategies Markets largely didn't follow the seasonal script in May. I wrote about five seasonal trends at the end of April and their past success wasn't predictive of this month's moves, forex news live.
It was a poor month for seasonal-following strategies Markets largely didn't follow the seasonal script in May. Canada looks like it will have a huge rebound this year -- maybe the best in the world -- but that is a mountain of debt, forex news live.
Moreover, there isn't much of a political effort to bring deficits back into line. Eye-watering numbers The numbers capture 11 months of the pandemic and they're not pretty. NZDUSD snaps up to test hour MA. Today, the pair retraced gains for the week, forex news live. Lows stalled at The pair has found sellers on the test, but be warned, the London fixing is approaching at the top of the hour. Anything can happen, forex news live.
png Greg Michalowski. There's no agreement on what is really driving the commodity market Lively debate on what is driving the market China is the elephant in every commodity trading room.
It's a consumer of huge amounts of commodities, including about half of global copper. Lively debate on what is driving the market China is the elephant in every commodity trading room. USDCAD retraces all the day's gains Dollar selling takes the pair back to the downside The USDCAD and retraced all its gains from the day. The low from the first hour of trading in the Asian session reach 1.
The price just dipped to a new session low for the day at 1. Dollar selling takes the pair back to the downside The USDCAD and retraced all its gains from the day. US May final UMich consumer sentiment Note that when the prelim came out on May 14, the consensus was for a The Fed will take some tiny bit of solace from that revision lower in longer-term inflation expectations, forex news live, though that could reverse next month given all the price talk lately.
May UMich consumer sentiment data: The revisions to this report rarely move the market. US dollar gives back some ground Dollar slips after PCE report The bond market has found a strong bid and that's taking some of the air out of the US dollar.
Dollar slips after PCE report The bond market has found a strong bid and that's taking some of the air out of the US dollar. US stocks open higher with relatively modest gains Its month end too The US the stock market is opening with relatively modest and similar gains across the major indices. Remember, it is month end today the stock market will be closed on Monday for Memorial Day. That could lead to flow data and increased volatility.
A snapshot of the market currently shows:. Its month end too The US the stock market is opening with relatively modest and similar gains across the major indices, forex news live. US stocks set to climb in the final trading day of May Adam Button. GBPUSD back below the and hour moving averages Narrow trading range for the week of pips Well it was, but only by 9 pips.
The high by the end of the day reached up to 1. The price stalled and has continued lower with the dollar buying today. Narrow trading range for the week of pips Well it was, but only by 9 pips. The pair is currently trading at 1. That is the low for the day and the week.
SA's most celebrated Forex Trader on his ways of making millions
, time: 4:18Real-Time News: Forex News Live
Real-time Forex News and the latest trading updates. Stay updated on the latest news about currencies and commodities markets Forex News Would you like to receive premium offers (available to Myfxbook clients only) to your email? You can unsubscribe from these emails at any time through the unsubscribe link in the email or in your settings area, 'Messages' tab /05/15 · Forexlive Americas FX news wrap: USD weakest of the majors today after retail sales disappoint Forex news for North American trading on May
No comments:
Post a Comment