Author: Eamonn Sheridan

Looks like the group hug South Korea / North Korea Winter Olympic lovefest is drawing closer to an end. That's a shame.

  • Sth. Korea's unification minister says doesn't plan to oppose joint military drills with US

Srsly, though, they were never going to. LOL.   

And North Korea continues to nuke up, from earlier:








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Author: Eamonn Sheridan

Responses to the RBA minutes coming in - a little more confident about the consumer

Via Westpac, chief economist there Bill Evans In summary (any bolding mine): And ... 

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Responses to the RBA minutes coming in - a little more confident about the consumer


Author: Eamonn Sheridan
Category: Central Banks
0


Via Westpac, chief economist there Bill Evans In summary (any bolding mine): And ... 

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Video: The 3 big problems in the world
Asset 41

Author: Eamonn Sheridan
1

US President Trump tweets that the US economy is looking very good

Trump talking up the US economy, fair enough.  You'd be worried if a US President talked down the country's economy. That would not be very helpful. 

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US President Trump tweets that the US economy is looking very good


Author: Eamonn Sheridan
Category: News
1
Trump talking up the US economy, fair enough.  You'd be worried if a US President talked down the country's economy. That would not be very helpful. 

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Author: Eamonn Sheridan

Former BOJ board member Kiuchi says BOJ to gradually edge away from crisis-mode stimulus

Takahide Kiuchi spoke with Reuters on Monday But, it won't be quick says Kiuchi: The 'BOJ tapering' meme was one of the most important factors pushing the gain for the yen we saw to open the new year.

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Former BOJ board member Kiuchi says BOJ to gradually edge away from crisis-mode stimulus


Author: Eamonn Sheridan
Category: Central Banks
0
Takahide Kiuchi spoke with Reuters on Monday But, it won't be quick says Kiuchi: The 'BOJ tapering' meme was one of the most important factors pushing the gain for the yen we saw to open the new year.

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Author: Eamonn Sheridan
2

Voting in Germany today the (political) focus in Europe on Tuesday - what to expect

ArticleBody Angela Merkel is awaiting the result of the ballot of potential coalition partner Social Democrats (SPD) - The vote is a postal ballot - Of SPD's 464,000 members If the vote should fail:

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Voting in Germany today the (political) focus in Europe on Tuesday - what to expect


Author: Eamonn Sheridan
Category: News
2
ArticleBody Angela Merkel is awaiting the result of the ballot of potential coalition partner Social Democrats (SPD) - The vote is a postal ballot - Of SPD's 464,000 members If the vote should fail:

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Author: Eamonn Sheridan

Heads up for large forex option expiries due later in the week

On the horizon for the next few days FX option expiries AUD/USD - Wednesday 21 February 0.7950 Amount AUD 3.3bn  EUR/USD - 1.2500 EUR amount 1.6bn for February 22 USD/JPY 

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Heads up for large forex option expiries due later in the week


Author: Eamonn Sheridan
Category: Forex Orders
0
On the horizon for the next few days FX option expiries AUD/USD - Wednesday 21 February 0.7950 Amount AUD 3.3bn  EUR/USD - 1.2500 EUR amount 1.6bn for February 22 USD/JPY 

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Author: Eamonn Sheridan
4

US yields edge higher again ... currencies slip a little against USD

For example - The 2 year US Treasury has ticked higher - to levels last seen in September of 2008 But, its across the board; yields on 5, 10, 30 years all up Weighing on currencies, USD up a few tics. ES futures on Globex down a little also. 

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US yields edge higher again ... currencies slip a little against USD


Author: Eamonn Sheridan
Category: News
4
For example - The 2 year US Treasury has ticked higher - to levels last seen in September of 2008 But, its across the board; yields on 5, 10, 30 years all up Weighing on currencies, USD up a few tics. ES futures on Globex down a little also. 

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Author: Eamonn Sheridan

FX option expiries for 20 February 2018 - 10am NY cut

These are the larger option expiries for 1500 GMT Tuesday cut EUR/USD ... EUR amounts - 1.2365 551m - 1.2400 900m - 1.2500 795m USD/JPY .... USD amounts

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FX option expiries for 20 February 2018 - 10am NY cut


Author: Eamonn Sheridan
Category: Forex Orders
0
These are the larger option expiries for 1500 GMT Tuesday cut EUR/USD ... EUR amounts - 1.2365 551m - 1.2400 900m - 1.2500 795m USD/JPY .... USD amounts

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Author: Eamonn Sheridan
2

SG says more USD correction coming - forecasts include further 6% euro appreciation

From Société Générale's weekly FX outlook, updated currency forecasts and comments   In summary: Familiar FX/rate/volatility correlations are failing as the global economy moves out of the post-financial-crisis phase of absurdly cheap money.

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SG says more USD correction coming - forecasts include further 6% euro appreciation


Author: Eamonn Sheridan
Category: News
2
From Société Générale's weekly FX outlook, updated currency forecasts and comments   In summary: Familiar FX/rate/volatility correlations are failing as the global economy moves out of the post-financial-crisis phase of absurdly cheap money.

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Author: Eamonn Sheridan
1

RBA minutes (Feb): Rising AUD would impede pick up in growth, inflation

Reserve Bank of Australia - minutes of the February 2018 Monetary Policy Meeting - Low rates helping reduce unemployment, lift inflation - Further progress on likely to be only Headlines via Reuters (bolding mine) ... basically nothing of surprise in there, which is what was expected.

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RBA minutes (Feb): Rising AUD would impede pick up in growth, inflation


Author: Eamonn Sheridan
Category: Central Banks
1
Reserve Bank of Australia - minutes of the February 2018 Monetary Policy Meeting - Low rates helping reduce unemployment, lift inflation - Further progress on likely to be only Headlines via Reuters (bolding mine) ... basically nothing of surprise in there, which is what was expected.

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Author: Eamonn Sheridan

Heads up for NZD traders - dairy auction due during London time Tuesday

Global Dairy Trade (GDT) auction coming up, outcome from around midday London time today You can see from recent results the improvement in the index price: A dry summer in New Zealand has contributed to a reduction in supply and put a bid into price.

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Heads up for NZD traders - dairy auction due during London time Tuesday


Author: Eamonn Sheridan
Category: News
0
Global Dairy Trade (GDT) auction coming up, outcome from around midday London time today You can see from recent results the improvement in the index price: A dry summer in New Zealand has contributed to a reduction in supply and put a bid into price.

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Author: Eamonn Sheridan

Japan finance minister Aso: More or less escaped from economic depression

Japan finance minister Aso: Aso and Motegi both speaking this morning but not with much new nor interesting. Pretty much more of the same really.  

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Japan finance minister Aso: More or less escaped from economic depression


Author: Eamonn Sheridan
Category: News
0
Japan finance minister Aso: Aso and Motegi both speaking this morning but not with much new nor interesting. Pretty much more of the same really.  

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Author: Eamonn Sheridan
3

Japan economy minister Motegi says country will soon be out of deflation situation

Just as the yen was weakening again, an untimely mouth opening  More: - Hopes Kuroda and the new deputy governors do their best at the BOJ  srsly .... dude .... just stop

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Japan economy minister Motegi says country will soon be out of deflation situation


Author: Eamonn Sheridan
Category: News
3
Just as the yen was weakening again, an untimely mouth opening  More: - Hopes Kuroda and the new deputy governors do their best at the BOJ  srsly .... dude .... just stop

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Author: Eamonn Sheridan
1

AUD traders - heads up for RBA today, & something more interesting later (previews)

Reserve Bank of Australia minutes of the February 2018 Monetary Policy Meeting are due at 0030 GMT I dunno about anyone else but I am getting sick of the one-line previews which all basically say  ....

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AUD traders - heads up for RBA today, & something more interesting later (previews)


Author: Eamonn Sheridan
Category: News
1
Reserve Bank of Australia minutes of the February 2018 Monetary Policy Meeting are due at 0030 GMT I dunno about anyone else but I am getting sick of the one-line previews which all basically say  ....

Asset 24 View More

Author: Eamonn Sheridan
1

Reuters survey shows less than half of firms plan to raise base wages this year

The results come ahead of annual pay negotiations  - 52% of firms do not plan to raise base pay - 48% of plan to raise salaries The Japanese Prime Minster Abe, along with the main business lobby (Keidanren), have called for 3% wage rise this year. Which is not going to happen.

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Reuters survey shows less than half of firms plan to raise base wages this year


Author: Eamonn Sheridan
Category: News
1
The results come ahead of annual pay negotiations  - 52% of firms do not plan to raise base pay - 48% of plan to raise salaries The Japanese Prime Minster Abe, along with the main business lobby (Keidanren), have called for 3% wage rise this year. Which is not going to happen.

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Author: Eamonn Sheridan
3

Chill out everyone - here is why we need more Meddle

The one and only Pink Floyd, meddling before it was a thing Turn up the Meddle. A track from the album. Yes, a whole album of Meddle!

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Chill out everyone - here is why we need more Meddle


Author: Eamonn Sheridan
Category: News
3
The one and only Pink Floyd, meddling before it was a thing Turn up the Meddle. A track from the album. Yes, a whole album of Meddle!

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Author: Eamonn Sheridan

Australia - ANZ Roy Morgan weekly survey of consumer sentiment: 115.3 (prior 119.5)

Weekly survey on Australian consumer confidence. Has been net on the improve ... not this week though -   A big drop to 115.3 from 119.5 the previous week Global market volatility weighing on the result. 

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Australia - ANZ Roy Morgan weekly survey of consumer sentiment: 115.3 (prior 119.5)


Author: Eamonn Sheridan
Category: News
0
Weekly survey on Australian consumer confidence. Has been net on the improve ... not this week though -   A big drop to 115.3 from 119.5 the previous week Global market volatility weighing on the result. 

Asset 24 View More

Author: Eamonn Sheridan
9

Brexit - UK has secret plan to withhold billions to force EU trade deal

Bloomberg carry this item on a contingency plan for the UK not to pay the Brexit  bill if the European Union does not agree to its trade deal Prime Minister Theresa May's team has drawn up a secret contingency plan to withhold billions of pounds in Brexit payments in order to force the European Union to give the U.K. the trade deal it wants.

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Brexit - UK has secret plan to withhold billions to force EU trade deal


Author: Eamonn Sheridan
Category: News
9
Bloomberg carry this item on a contingency plan for the UK not to pay the Brexit  bill if the European Union does not agree to its trade deal Prime Minister Theresa May's team has drawn up a secret contingency plan to withhold billions of pounds in Brexit payments in order to force the European Union to give the U.K. the trade deal it wants.

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Author: Eamonn Sheridan
2

RBA's Bullock says mortgage stress is still relatively low in Australia

Agree, it is. Michele Bullock (Assistant Governor Financial System), speaking at the Responsible Lending and Borrowing Summit, Sydney. However, in the interest of page clicks and publicity:

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RBA's Bullock says mortgage stress is still relatively low in Australia


Author: Eamonn Sheridan
Category: Central Banks
2
Agree, it is. Michele Bullock (Assistant Governor Financial System), speaking at the Responsible Lending and Borrowing Summit, Sydney. However, in the interest of page clicks and publicity:

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Author: Eamonn Sheridan
3

North Korea - experimental light water nuclear reactor appears nearing completion

While the fuzzy feel-goods of the Winter Olympics and hugs between South and North Koreans goes on .... So does nuclear development in the North - Analysts using commercial satellite imagery say indications are that "steady progress" is being made towards completion of Experimental Light Water Reactor The site is linked by power transmission cable with the nearby Radiochemical Laboratory and the Uranium Enrichment Plant. 

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North Korea - experimental light water nuclear reactor appears nearing completion


Author: Eamonn Sheridan
Category: News
3
While the fuzzy feel-goods of the Winter Olympics and hugs between South and North Koreans goes on .... So does nuclear development in the North - Analysts using commercial satellite imagery say indications are that "steady progress" is being made towards completion of Experimental Light Water Reactor The site is linked by power transmission cable with the nearby Radiochemical Laboratory and the Uranium Enrichment Plant. 

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Author: Eamonn Sheridan
2

NZ Q4 PPIs: Input 0.9% q/q (prior +1.0%) & Output 1.0% q/q (prior +1.0%)

These are a guide to the change in prices for goods and materials Data for the October-  December quarter of 2017 - showing a 7th consecutive rise in PPI

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NZ Q4 PPIs: Input 0.9% q/q (prior +1.0%) & Output 1.0% q/q (prior +1.0%)


Author: Eamonn Sheridan
Category: News
2
These are a guide to the change in prices for goods and materials Data for the October-  December quarter of 2017 - showing a 7th consecutive rise in PPI

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Author: Eamonn Sheridan
13

Trade ideas thread – Tuesday 20 February 2018

Good morning, afternoon and evening all. 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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Trade ideas thread – Tuesday 20 February 2018


Author: Eamonn Sheridan
Category: News
13
Good morning, afternoon and evening all. 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

Barclays on the week ahead for GBP (and their forecast for the BoE)

With the US holiday on Monday there is a case to be made that Tuesday is the start of the week. This via Barclays on the week ahead for GBP, the major events coming up: 

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Barclays on the week ahead for GBP (and their forecast for the BoE)


Author: Eamonn Sheridan
Category: News
0
With the US holiday on Monday there is a case to be made that Tuesday is the start of the week. This via Barclays on the week ahead for GBP, the major events coming up: 

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Author: Eamonn Sheridan
4

Psst - did you hear the one about the trader who bought $400 million in bitcoin?

The amount was purchased between February 9 and 12 and has been in the (social) media since Trader had 55,000 BTC and now has 96,000 of the things (he should probably covert them into Bitnotes, carrying that many coins around could get heavy  ... yeah, kidding!)

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Psst - did you hear the one about the trader who bought $400 million in bitcoin?


Author: Eamonn Sheridan
Category: Cryptocurrency
4
The amount was purchased between February 9 and 12 and has been in the (social) media since Trader had 55,000 BTC and now has 96,000 of the things (he should probably covert them into Bitnotes, carrying that many coins around could get heavy  ... yeah, kidding!)

Asset 24 View More

Author: Eamonn Sheridan

Economic calendar due from Asia today: A twofer from the Reserve Bank of Australia

Today brings a speech from Michele Bullock, Assistant Governor (Financial System) at the RBA, followed a little later by minutes of the February 2018 Monetary Policy Meeting of the Reserve Bank Board.

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Economic calendar due from Asia today: A twofer from the Reserve Bank of Australia


Author: Eamonn Sheridan
Category: News
0
Today brings a speech from Michele Bullock, Assistant Governor (Financial System) at the RBA, followed a little later by minutes of the February 2018 Monetary Policy Meeting of the Reserve Bank Board.

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