Author: Eamonn Sheridan

Japan finance minister Aso is never short of a word or two

  • Won't fret about every up and down in currencies
  • Undesirable for currencies to fluctuate rapidly
  • Will stick with plan to achieve primary budget balance in FY2020/21
  • Will communicate with new US administration for stability of currencies

USD/JPY had has a bit of a wobble the past half hour or so, from above 115 to circa 114.70. Hopefully that isn't too 'rapid' for Aso.



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Author: Eamonn Sheridan

S&P affirms New Zealand's rating, outlook remains stable

Standard and Poors on NZ - Says their outlook reflects expectations that New Zealand will maintain or imprve fiscal performance over medium term - NZ has monetary and fiscal flexibility, a resilient economy (in your face, Australia ... S&P didn't say that, just me)

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Author: Eamonn Sheridan

USD/JPY & EUR/JPY orders

USD/JPY - Sellers 115.50 then 115.90/00 - there are some trader stops above the overnight high (usually the case!) - Buyers 114.50. Some stop loss sellers under 114.70 Currently 114.96

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Author: Eamonn Sheridan

EUR/USD orderboard

Swings overnight were not huge, but they were enough to wipe clean the boards (not completely, some new orders have since come back) - Sellers 1.0680, 1.0700 Some stop loss buying from traders above 1.0670 - not large Currently 1.0658

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Author: Eamonn Sheridan

The US economy, policy outlook is no more uncertain than usual

Reuters with a recap of remarks Thursday from San Francisco Federal Reserve President John Williams But there are plenty of unknowns about the global economic environment and commodity prices ... What is different ... is that the unknowns appear to be relatively balanced, with surprises just as likely to be positive for the economy as negative:

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Author: Eamonn Sheridan
11

Trade ideas thread - Friday 20 January 2017

Welcome to Friday, plenty to come ahead of the weekend! 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

AUD and NZD orderboards

AUD/USD - Sellers 0.7570 and up through to 0.7600. Some stops above 00 - Buyers 0.7525/35, 0.7480/85. There are some stop losses clustered under 0.7485 Currently .7560

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Author: Adam Button
1

ForexLive Americas FX news wrap: Draghi drops euro, but it battles back

Forex news for New York trading on January 20, 2017: Draghi: Data: Other news: Markets: - Gold down $2 to $1205 - WTI crude up 30-cents to $51.38 - S&P 500 down 9 points to 2263 There were a few chapters in a back-and-forth trading day that wraps up with the US dollar in the middle of the pack. It was near the top until the final few hours of trading when it began to slide.

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Author: Eamonn Sheridan

Economic data calendar in Asia today - China GDP, & Yellen speaking

China Q4 GDP, December data  and Federal Reserve Chair Yellen speaking Those will be the focus, and there isn't too much else. 2300GMT - ECB - Benoit Coeuré, Member of the Executive Board of the European Central Bank will be speaking. Draghi is a tough act to follow, but good luck to BC! Draghi overnight:

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Author: Greg Michalowski
3

EURUSD on the move back higher...(don't get too excited though)

ON our way to completing a lap for the day? The EURUSD is on the march back higher and the dollar back lower as traders seem to be happy swinging the dollar around ahead of the inauguration of the 45th POTUS tomorrow.  

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Author: Adam Button
9

US dollar slides late in the day

The US dollar doesn't want a trade war Trump often promised to name China a currency manipulator but his Treasury Secretary backed away from that today, promising only to do something "if they do it again".

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