Author: Eamonn Sheridan
3

Kellyanne Conway, counselor to the president says Trump's tax returns will not be released:

  • "The White House response is that he's not going to release his tax returns. We litigated this all through the election. People didn't care. They voted for him"
I can see her point, they did.
Trump promised he would release them, but it looks like they will be remaining in captivity. Until someone leaks them I guess.
-
There will be plenty more campaign pledges to be broken. All politicians do it, its hardly surprising.

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Author: Eamonn Sheridan
3

USD/JPY was down a big figure from late Friday

You may well be sick of me posting that there is little in the way of fresh news There is this bit of political news: As I said at that post, I don't know if it is a factor in the USD selling, but I reckon politics will be more important for markets in coming days/weeks/months.

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Author: Eamonn Sheridan
2

USD weakens further; EUR a big winner

A bit of an early Monday recap, with EUR/USD grinding it out for a good gain here in the Asian morning Updates: There is not much in the way of fresh news, it's a weaker USD continuation move. I've seen one analyst note saying a weight on the USD is that Trump's speech lacked detail. Go figure.

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Author: Eamonn Sheridan
1

USD, EUR, GBP, CHF, CAD, AUD, NZD: Weekly Outlook - Morgan Stanley

USD. USD Correction Largely Over. Bullish. We believe the current USD correction is largely over and expect more USD strength, particularly against the low yielders. Yellen's speech was important as it indicated Yellen was one of the median SEP dots supporting three rate hikes, keeping US front end rate expectations supported. In addition, US data has continued to come in on the strong side this week, with better jobless claims and inflation figures. Trump's comments inject some uncertainty but, as we note in the overview, we don't think this will change the appreciation trend of USD. We expect reflationary themes to push USD higher from these levels.

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Author: Eamonn Sheridan

More on the PBOC RRR cut

The news of the People's Bank of China RRR cut hit during the London morning on Friday Along with following the headlines: More here via Reuters - People's Bank of China (PBOC) has cut the reserve requirement ratio (RRR) ...  taking the ratio down to 16% (last was in February 2016)

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Author: Eamonn Sheridan
5

USD/JPY on the move in Tokyo morning

Yen crosses are lower, USD/JPY under 114 We got an early taste of yen strength with USD/JPY dropping under Friday US time lows very early here in Asia Also: - The Nikkei is lower Its just going 8.30am in Tokyo, so we have decent liquidity now ... it'll improve more though as Singapore and Hong Kong banks become more active (its an hour earlier in those two centres)

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Author: Eamonn Sheridan
1

Weekend oil output cut compliance meeting - smiles all 'round!

OPEC's  monitoring committee met over the weekend I had comments from Russian Energy Minister Alexander Novak , the gist of which were that the cut to output deal is a success and the "results are above expectations".

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Author: Eamonn Sheridan
12

Trade ideas thread - Monday 23 January 2017 (and a NSFW video)

Good morning, afternoon and evening all, welcome again to the beginning of the new week!. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:        

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Author: Eamonn Sheridan

Economic data due from Asia today - No, don't even bother

What can I tell ya? The eco calendar is (nearly) bare. At 0430GMT we get one item from Japan, the "All Industry Activity Index" (expected 0.4% m/m, prior 0.2%). Generally not too much of a focus.

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Author: Eamonn Sheridan
44

Monday morning forex opening price indications - 23 January 2017

Welcome everyone to the start of the FX week! With barely any liquidity at this time of the week prices can move on not much at all, so take care. Liquidity will improve as Tokyo, Singapore and Hong Kong come on line later.

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Author: Adam Button
90

What if Trumpism actually works?

If American gets 4% growth, the world will permanently change Take a moment and consider how the world will change if Trump's bite is actually as strong as his bark. The US could cut taxes, drop regulations and enact some genuinely protectionist measures.

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Author: Adam Button
20

China floods market with liquidity ahead of holidays

Lunar New Year runs from Jan 27 to Feb 2 China's central bank added a record 1.13 trillion yuan last week and added another 60 billion yuan on Sunday using 14 and 28-day reverse repos.

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Author: Adam Button

China targets improved trade in uncertain year

MOFCOM statement China targets a stabilization and improvement in trade in 2017, according to a MOFCOM statement on the weekend. The country will expand imports of high-tech equipment and looks to promote international e-commerce development.

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Author: Adam Button
33

Theresa May will be first world leader to visit President Trump

Trump and May will discuss post-Brexit trade deal Theresa May will be the first world leader to meet with Donald Trump as they lay the groundwork for a post-Brexit trade deal. They will also discuss NATO, according to reports.

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Author: Mike Paterson
3

OPEC/non-OPEC monitoring committee say markets are on their way to rebalancing

The OPEC/non-OPEC deal monitoring committee met in Vienna today 22 Jan Saudi energy minister Khalid al-Falih said earlier today after the first meeting: "I am satisfied, I am optimistic and, as I said, the markets are on their way to rebalance and it's happening," adding that compliance with the agreement, which calls for cuts to begin this month, had been ".

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Author: Adam Button
52

Trump made the CIA his first visit

Trump's first stop as President will be a visit with the Central Intelligence Agency Is that a sign that the CIA has all the dirt and power that he wants? Or is this the trip where they tell him everything the US government knows about aliens?

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Author: Adam Button
2

Saudi minister says 1.5 mbpd of oil already removed from market

OPEC and Russia tout progress Producers have already cut output by 1.5 mbpd, according to Saudi minister of energy Khalid Al-Falih. He said his country along with Kuwait and Algeria have already taken more off the market than required.

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