Loader
Italy to raise deficit and growth forecasts

Reuters report citing unnamed sources Remember back when all of Europe was piling on Italy and blocking 0.2 pp of deficit financing? Now we get this.

What are the real risks around US election night uncertainty?

A breakdown of the differing views The big risk in November is that we won't know the results of the US election on election night. It's an idea that has been percolating for awhile but with Trump's reluctance to endorse a peaceful transition of power, it took on extra importance this week.

US stocks are off and running and the indices are mixed

Nasdaq up marginally The US stocks are off and running and the indices are mixed with marginal gains/losses.  A snapshot of the major indices currently shows:

USDJPY swings down and up between ....well swing areas

Support at 105.239 -105.289. Resistance at 105.537-105.60 The USDJPY has swung down and up today.   The first move in the Asian session was initially higher with the 105.537 level  (low of 105.537 to 105.60 - see red numbered area) stalling that swing run higher.  

EURUSD testing the low yesterday/for the week

The low for the week comes in at 1.16258 The EURUSD is down testing the lows for the day/the low from yesterday/the low for the week.  The low for the week (and yesterday) reached 1.16258. The low today just reached to 1.16268.  A move below should open the downside for more probing.  

US August prelim durable goods orders +0.4% vs +1.4% expected

US durable goods orders for August - was +11.4% - Durables ex transportation +0.4% vs +1.0% expected - Prior ex transportation +2.6% - Prior capital goods orders non-defense ex-air +1.9% (revised to +2.5%) Don't be fooled by the headline, core orders were strong in August with an upward revision.

The NZD is the strongest while the EUR is the weakest as NA traders enter for the day

The USD is marginally higher.  It's Friday. It's Friday!  That can mean a lot of things but with all the uncertainty from Covid, to elections, to will there be a transition from elections, to new stimulus or no new stimulus, to Brexit, etc. the volatility meter could be all over the place.  The morning snapshot shows

Durable goods orders and more Fedspeak are on the US agenda

Durable goods orders coming up next Markets are in a sour mood once again with S&P 500 futures down 10 points to erase yesterday's gain. The risk on the is from durable goods orders at the bottom of the hour. The August prelim report is forecast to show a 1.4% rise along with a 0.8% climb

ForexLive European FX news wrap: Dollar firms as risk-off mood bites

Forex news from the European trading session - 25 September 2020 Headlines: Markets: - NZD leads, EUR lags on the day - European equities lower; E-minis down ~0.6%

Risk aversion grips the market ahead of North American trading

It is turning into a full risk-off swing in the market now The dollar is firming across the board as such, with risk assets elsewhere also taking a hit. Oil is down 1% and gold is down by 0.6% on the session currently.

Disclaimer: The trade in Forex and Cryptocurrencies can generate significant benefits but also involves a risk of partial or total loss of funds and should be considered by the initial investors. We recommend you that you read our terms and conditions and the disclaimer page before making any investment. The clients should be aware of their individual capital gain tax liability in their country of residence. This website is independent of forex and crypto brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade forex and crypto options. USA regulation notice: Cryptocurrencies companies are not regulated within the United States. These companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commission of Futures of Commodities (CFTC), National Futures Association (NFA), Securities Commission (SEC) or Regulatory Authority of the Financial Industry (FINRA). Disclosure of Risk: fxrobotix.com don't accepts responsibility for loss or damage as a result of trust in the information contained in this website; This includes educational material, automatic operations, and graphics, and analysis. Please remember, the user has to be aware of the risks associated with trading in financial markets. Profits may vary according to market conditions and each user. The profits and results, we recommend you read the terms and conditions. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all.