15 hours ago | November 21st, 2014 08:44:37 GMT

Trading Ideas – European session 21 Nov

by

Ok good people, in between the headlines coming out now here’s your chance to throw a few wonderful trading ideas and thought into the pot

Reasons always welcome

Orderboards on their way but in the meantime here’s a Friday classic

 

15 hours ago | November 21st, 2014 08:41:17 GMT

More from Draghi: ECB would broaden purchases if inflation risks materialize

by

  • if policy not effective
  • ECB will do what it must to raise inflation and inflation expectations as fast as possible
  • it is now changes in the size and composition of our balance sheet that determine our mon policy stance
  • QE in US and Japan has led to significant fx depreciation

And down comes the euro on the QE talk

EURUSD 1.2495 EURGBP 0.7980 EURJPY 147.20

 

15 hours ago | November 21st, 2014 08:30:15 GMT

Draghi says ECB has reached lower bound on interest rates

by

  • economic situation in Eurozone still difficult
  • inflation situation has become increasingly challenging
  • underlying growth momentum remains weak
  • have to be very watchful that low inflation does not start filtering through economy in negatve way
  • strong Eurozone recovery unlikely in coming months
  • essential to bring inflation to target without delay

Honest assessment from the ECB president so far

EURUSD just a tad lower at 1.2538

Draghi - Best I put on my serious face today

Draghi Best I put on my serious face today

15 hours ago | November 21st, 2014 08:24:46 GMT

SNB’s Zurbruegg says CHF cap is still absolutely key part of monetary policy

by

  • CHF cap will be kept as long as monetary policy requires it
  • Swiss franc still highly valued
  • risk of negative inflation rates has risen
  • Yes vote in gold referendum would impede SNB’s ability to act

Comments from SNB board member Zurbruegg in Rueschlikon speech echoing what he said yesterday

EURCHF steady around 1.2021

 

15 hours ago | November 21st, 2014 07:59:21 GMT

Japan’s Hamada says Abenomics working but sales tax negative impact stronger than expected

by

  • USDJPY at 120.00 is positive for overall Japanese economy but steps needed to ease impact on consumers

PM Abe’s adviser out with some spin

  • consumer inflation around 1.5% is acceptable under current jobs market situation and oil price
  • corp tax rate should be cut to closer to 20%

USDJPY lower again at 117.55 ignoring the “USDJPY 120 is ok” line

 Hamada- USDJPY @ 120 is ok for Japan overall

Hamada- USDJPY @ 120 is ok for Japan overall

16 hours ago | November 21st, 2014 07:50:10 GMT

Coming by at the top of the hour – ECB’s Draghi up to the rostrum

by

Let’s hope it injects a bit of life into what has been a rather lacklustre start to the session, albeit one noticeable so far by the USDJPY retreat from 118.00, but as I said before it’s all relative

President of the European Central Bank, Mario Draghi, is due to give the keynote speech at the European Banking Congress in Frankfurt at 08.00GMT.

Here’s the link but not sure if it’s carrying a webcam

Later, at the same event, we get:

  • 10.15GMT Jens Weidmann, President of the Bundesbank, and also comments from German Minister of Finance Schäuble

EURUSD currently going nowhere fast at  1.2544, EURGBP 0.7995 and EURJPY just off session lows at 147.59

Draghi - Trust me, I'm a central banker

Draghi – Trust me, I’m a central banker

17 hours ago | November 21st, 2014 06:44:13 GMT

Data coming up in this session 21 Nov

by

Good day one and all

TGIF ?

Another lively week draws to a close but still asking more questions than it’s answered

Data wise today it’s light on real impact-making releases but we have UK public finances and Canadian CPI with a speech by ECB pres Draghi kicking off the session at 08.00 GMT

As always I wish you good trading

Times GMT

Economic Data  (1) 21 Nov jpg

Economic Data  (2) 21 Nov jpg

Economic Data (2) 21 Nov jpg

1 2 3 4 5 6 7 8 9 10

About Forexlive

Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders daily. ForexLive.com blog posts feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials. Find out how to take advantage of swings in global foreign exchange markets and see our real-time forex news analysis and reactions to central bank news, economic indicators and world events.

Our authors have years of experience in financial markets and provide diverse, thought-provoking updates relating to news about global macro events and the worldwide forex economic calendar, with frequently updated content that is educational for traders at all levels from beginner to novice that can help traders make better decisions about forex trading. Our forex news focuses on G10 events, macroeconomic indicators, major equities indexes, treasury and bond yields from around the world, politics as it relates to forex trading and news from the FOMC as well as global central banks in, Europe and Asia.

Learn More About The Forex Live Authors Here and Follow us on Twitter, Facebook & Google+

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.