Author: Mike Paterson
2

Barrier option at 1.1500 casts a shadow over EURUSD

It's been a decent few days for EURUSD but more sellers loom ahead 2 May A few stop-loss buy orders were triggered through 1.1470 earlier and we've been up to 1.1481 but there's a barrier option at 1.1500 and that will be providing some decent sell-interest.

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Author: Mike Paterson
4

Data coming up in this session 2 May

Here's your data calendar for today 2 May Greetings one and all. I trust you had a good week-end. Public Holiday today here in the UK but no peace for the wicked here at FXL towers so we will be bringing you our usual coverage, albeit with me flying solo, with the rest of Europe all at their desks.

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Author: Eamonn Sheridan

ForexLive Asia FX news wrap: USD/JPY to 18 month low

Forex news for Asia trading Monday 2 May 2016 Monday: Weekend: More: Some decent swings in the yen today, with USD/JPY opening near last week's lows in the early hours of Monday only to jump back to around 106.70 and then drop all the way back toward earlier lows before recovering again! There was not much in the way of pertinent news flow, not that the yen needs it at present.

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Author: Eamonn Sheridan
1

SNB's Jordan speech due during the European / US time zone Monday

Head honcho at the Swiss National Bank and 2015 FX villain of the year Thomas Jordan is speaking later - Due at 1630GMT - Speaking at the Europa Forum The topic looks very interesting indeed: "The euro and Swiss monetary policy"

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Author: Eamonn Sheridan

ECB's Draghi speech coming up during European time zone

European Central Bank Presdient Mario Draghi is speaking today during Europe time - Due at 1400GMT ... apparently ... I've also seen 1600GMT - It's the keynote speech "The future of financial markets: A changing view of Asia" during the 49th annual meeting of Asian Development Bank in Frankfurt Given the topic of the speech it seems unlikely Draghi will have too much to say on the economic outlook nor ECB monetary policy, but hey, ya never know, right?

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Author: Eamonn Sheridan

ICYMI - US puts China, Japan, Germany (+others) on unfair advantage currency watch list

The US Treasury has highlighted a number of countries; saying their foreign-exchange practices may provide an unfair trade advantage over America Mike had the response from Japan's finance minister Aso over the weekend (yeah, I bet what he really said was a bit stronger than that, thankfully we'll never know, as ForexLive is a family website and I wouldn't like to post up such language :-D)

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Author: Eamonn Sheridan
3

AUD and NZD orderboards

Note that China is out for a holiday today (as is the UK) AUD/USD - Sellers 0.7680 and 0.7700. There are stop losses above 0.7660 - Buyers 0.7550 and 0.7500 Currently 0.7611

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Author: Eamonn Sheridan
1

Halliburton, Baker Hughes merger looking like it will not proceed

The merger between oil service companies Halliburton & Baker Hughes will not proceed reports Reuters. - Quoting 'a person familiar with the matter' - Antitrust concerns in both Europe and US said to have scuttled the planned deal Reuters qualify that:

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Author: Eamonn Sheridan
2

FT: BoE preparing contingency plans for Brexit

The Financial Times report on the Bank of England preparing contingency plans for Britain to leave the EU - The BoE will hold additional auctions of sterling in the days leading up to the June 23 vote The and is worth a read on how the Bank is preparing for potential volatility. (Note, the FT may be gated but its often possible to read some articles with a free registration if you are not a subscriber)

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Author: Eamonn Sheridan
5

Trade ideas thread - Monday 2 May 2016

Welcome to the new month! 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

over the weekend, and there are a few items due today, Australia and Japan the focus Mike had the China PMI data 2330GMT Australia AiG Manufacturing PMI for April, prior 58.1

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Author: Eamonn Sheridan
9

Monday morning FX - 2 May 2016 - foreign exchange prices, early indications

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week. As is usual for a Monday morning, market liquidity is very thin until more Asian centres come on online ... prices are liable to swing around on not too much at all, so take care out there.Price guide, some yen cross weakness already:

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