Noting some remarks from resource mining giant BHP earlier today (profit report accompanied by comments from Chief Executive Andrew Mackenzie).

  • US - China trade dispute has dampened global economic growth
  • has not yet affected Chinese demand for BHP's commodities such as iron ore, copper and coal in China
  • "There's obviously been a slight cooling in appetite based on some of the concerns we have seen in the short-term for the global economy. We are not without some consideration as to what might be around the corner"
So, upbeat but wary I guess is the in bref version.

Should be AUD supportive. 

ForexLive

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Tue 20 Aug 2019 01:45:58 GMT

China's first reformed LPR one year rate comes in slightly lower

China has set the new 1-year loan prime rate (LPR) at 4.25%, vs 4.31% previously - 5-year loan prime rate 4.85% These LPR settings are the first for this new lending reference. The rate is set by 18 banks with a spread above the 3.3% currently on the one year Medium term Lending Facility. 

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China's first reformed LPR one year rate comes in slightly lower


Eamonn Sheridan
Tue 20 Aug 2019 01:45:58 GMT
Category: Central Banks
0


China has set the new 1-year loan prime rate (LPR) at 4.25%, vs 4.31% previously - 5-year loan prime rate 4.85% These LPR settings are the first for this new lending reference. The rate is set by 18 banks with a spread above the 3.3% currently on the one year Medium term Lending Facility. 

Asset 24 View More
Trump says Fed should cut by 100 bps and restart QE
Asset 41
Tue 20 Aug 2019 01:30:59 GMT

3

RBA Minutes: AUD fall to support exports, tourism

Reserve Bank of Australia August meeting minutes  I bolded a few points above. There is nothing surprising here. Headlines via Reuters.  If you missed the previews, they contained useful tips for this:

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RBA Minutes: AUD fall to support exports, tourism


Eamonn Sheridan
Tue 20 Aug 2019 01:30:59 GMT
Category: Central Banks
3
Reserve Bank of Australia August meeting minutes  I bolded a few points above. There is nothing surprising here. Headlines via Reuters.  If you missed the previews, they contained useful tips for this:

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Tue 20 Aug 2019 01:15:40 GMT

PBOC sets USD/ CNY mid-point today at 7.0454 (vs. yesterday at 7.0365)

People's Bank of China onshore yuan reference rate. The estimate I had seen from rtrs Reuters was 7.0445, pretty good! -- Injects 50bn yuan via 7 day RRs (60bn mature thus a net 10 drain)

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PBOC sets USD/ CNY mid-point today at 7.0454 (vs. yesterday at 7.0365)


Eamonn Sheridan
Tue 20 Aug 2019 01:15:40 GMT
Category: Central Banks
0
People's Bank of China onshore yuan reference rate. The estimate I had seen from rtrs Reuters was 7.0445, pretty good! -- Injects 50bn yuan via 7 day RRs (60bn mature thus a net 10 drain)

Asset 24 View More
Tue 20 Aug 2019 01:15:05 GMT

FX option expiries for Tuesday August 20 at the 10am NY cut

Nothing of significance for euro. USD/JPY -  105.25 351m USD -  106.00 500m -  106.30 550m -  106.90 405m -  107.00 848m

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FX option expiries for Tuesday August 20 at the 10am NY cut


Eamonn Sheridan
Tue 20 Aug 2019 01:15:05 GMT
Category: Forex Orders
0
Nothing of significance for euro. USD/JPY -  105.25 351m USD -  106.00 500m -  106.30 550m -  106.90 405m -  107.00 848m

Asset 24 View More
Tue 20 Aug 2019 01:13:04 GMT

North Korea slams South Korea for conducting a joint military exercise with the US - 'stupid act'

North Korea's official newspaper, Rodong Sinmun,had a blast for the South over the exercise with the United States - warning that Seoul will pay dearly for such "stupid" acts Via (Sth Korean media)

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North Korea slams South Korea for conducting a joint military exercise with the US - 'stupid act'


Eamonn Sheridan
Tue 20 Aug 2019 01:13:04 GMT
Category: News
0
North Korea's official newspaper, Rodong Sinmun,had a blast for the South over the exercise with the United States - warning that Seoul will pay dearly for such "stupid" acts Via (Sth Korean media)

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Tue 20 Aug 2019 00:49:44 GMT

More on the silence expected from the G7 this weekend - trade tensions toll

I hat the Group of Seven leaders summit to be held in France this coming weekend may end without a joint communique  posted earlier t I had few details from the report from Japanese public broadcaster NHK.

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More on the silence expected from the G7 this weekend - trade tensions toll


Eamonn Sheridan
Tue 20 Aug 2019 00:49:44 GMT
Category: News
0
I hat the Group of Seven leaders summit to be held in France this coming weekend may end without a joint communique  posted earlier t I had few details from the report from Japanese public broadcaster NHK.

Asset 24 View More
Tue 20 Aug 2019 00:31:11 GMT

The PBOC's lower rates on new loans to business kicks in today … but …

A weekend announcement from the People's Bank of China on a lower reference rate for loans to SMEs (in a nutshell, more at these links) Commentary via Rabobank, they are not so sure this is of much importance:

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The PBOC's lower rates on new loans to business kicks in today … but …


https://az705044.vo.msecnd.net/20181217/china.png Eamonn Sheridan
Tue 20 Aug 2019 00:31:11 GMT
Category: Central Banks
0
A weekend announcement from the People's Bank of China on a lower reference rate for loans to SMEs (in a nutshell, more at these links) Commentary via Rabobank, they are not so sure this is of much importance:

Asset 24 View More
Tue 20 Aug 2019 00:11:39 GMT

2

President Trump tweet …. OK, this is a good one!

US President Trump tweet with a picture of Trump Tower in Greenland Maybe the Prez has a future at ForexLive upon retirement! ForexLive

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President Trump tweet …. OK, this is a good one!


https://az705044.vo.msecnd.net/20190820/trump-greenland.png Eamonn Sheridan
Tue 20 Aug 2019 00:11:39 GMT
Category: News
2
US President Trump tweet with a picture of Trump Tower in Greenland Maybe the Prez has a future at ForexLive upon retirement! ForexLive

Asset 24 View More
Mon 19 Aug 2019 23:49:17 GMT

RBA August meeting minutes due Tuesday 20 August 2019 at 0130GMT - preview

The minutes may not have too much impact at all given all the communication from the Reserve Bank of Australia since. I posted on this yesterday: -   but, in a nutshell, since the August policy meeting and statement we've had:

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RBA August meeting minutes due Tuesday 20 August 2019 at 0130GMT - preview


Eamonn Sheridan
Mon 19 Aug 2019 23:49:17 GMT
Category: Central Banks
0
The minutes may not have too much impact at all given all the communication from the Reserve Bank of Australia since. I posted on this yesterday: -   but, in a nutshell, since the August policy meeting and statement we've had:

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Mon 19 Aug 2019 23:30:06 GMT

Australia weekly consumer sentiment, ANZ/Roy Morgan survey: 112.8 (prior week 115.5)

ANZ/Roy Morgan weekly survey of consumers  The weekly gyrations in this tend not have too much immediate forex influence, but this weakness is not a positive sign.

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Australia weekly consumer sentiment, ANZ/Roy Morgan survey: 112.8 (prior week 115.5)


https://az705044.vo.msecnd.net/20190819/oz-sentiment.png Eamonn Sheridan
Mon 19 Aug 2019 23:30:06 GMT
Category: News
0
ANZ/Roy Morgan weekly survey of consumers  The weekly gyrations in this tend not have too much immediate forex influence, but this weakness is not a positive sign.

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Mon 19 Aug 2019 23:15:06 GMT

South Korea again with the forex intervention comments

South Korea's Vice Finance Minister - South Korea may consider easing share buy-back, short-selling regulations if needed to stabilise markets - to take stern action if excessive herd behaviour hurts FX market stability

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South Korea again with the forex intervention comments


Eamonn Sheridan
Mon 19 Aug 2019 23:15:06 GMT
Category: News
0
South Korea's Vice Finance Minister - South Korea may consider easing share buy-back, short-selling regulations if needed to stabilise markets - to take stern action if excessive herd behaviour hurts FX market stability

Asset 24 View More
Mon 19 Aug 2019 23:05:47 GMT

Barclays assess Brexit impacts: GBP, house prices to fall, inflation to rise and a recession

A few snippets from Barclays on what they see the impact of a no deal Brexit  - GBP fall - trade barriers - rate cuts from the Bank of England - a housing market slowdown Given this is Forexlive, I'll bypass the other consequences to for a little more on GBP:

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Barclays assess Brexit impacts: GBP, house prices to fall, inflation to rise and a recession


Eamonn Sheridan
Mon 19 Aug 2019 23:05:47 GMT
Category: News
0
A few snippets from Barclays on what they see the impact of a no deal Brexit  - GBP fall - trade barriers - rate cuts from the Bank of England - a housing market slowdown Given this is Forexlive, I'll bypass the other consequences to for a little more on GBP:

Asset 24 View More
Mon 19 Aug 2019 22:38:45 GMT

2

Reports UK PM Johnson holding out on the US in trade talks

The UK press, The Sun, says Johnson has told ministers not to discuss the NHS in any deal with the US Meanwhile: - Trump and Johnson have had a chat. - Trump says he has 'great enthusiasm' for talking with BJ at the G7

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Reports UK PM Johnson holding out on the US in trade talks


Eamonn Sheridan
Mon 19 Aug 2019 22:38:45 GMT
Category: News
2
The UK press, The Sun, says Johnson has told ministers not to discuss the NHS in any deal with the US Meanwhile: - Trump and Johnson have had a chat. - Trump says he has 'great enthusiasm' for talking with BJ at the G7

Asset 24 View More
Mon 19 Aug 2019 22:36:34 GMT

US State dept: Effort to assist Iranian tanker could be viewed as support to terrorist organization

Might be some oil impact from this: In reference to  A US State department official says any effort to assist Iranian tanker could be viewed as material support to a US-designated foreign terrorist organization

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US State dept: Effort to assist Iranian tanker could be viewed as support to terrorist organization


Eamonn Sheridan
Mon 19 Aug 2019 22:36:34 GMT
Category: News
0
Might be some oil impact from this: In reference to  A US State department official says any effort to assist Iranian tanker could be viewed as material support to a US-designated foreign terrorist organization

Asset 24 View More
Mon 19 Aug 2019 22:17:33 GMT

Japan media reports the G7 summit this weekend may end acrimoniously due to trade dispute

NHK say there may not be a communique issued at the conclusion of this weekend's G7 summit meeting  - G7 meeting in France - 24th and 25th Clashes with Jackson Hole!

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Japan media reports the G7 summit this weekend may end acrimoniously due to trade dispute


Eamonn Sheridan
Mon 19 Aug 2019 22:17:33 GMT
Category: News
0
NHK say there may not be a communique issued at the conclusion of this weekend's G7 summit meeting  - G7 meeting in France - 24th and 25th Clashes with Jackson Hole!

Asset 24 View More
Mon 19 Aug 2019 22:14:29 GMT

4

Brexit - EU responds to UK PM BJ's letter - a polite middle finger. As expected.

Hapless UK Prime Minister Boris Johnson sent a pleading letter to the EU with no new ideas. Adam had the report here: 'Hope'? LOL.  I had an assessment here:

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Brexit - EU responds to UK PM BJ's letter - a polite middle finger. As expected.


Eamonn Sheridan
Mon 19 Aug 2019 22:14:29 GMT
Category: News
4
Hapless UK Prime Minister Boris Johnson sent a pleading letter to the EU with no new ideas. Adam had the report here: 'Hope'? LOL.  I had an assessment here:

Asset 24 View More
Mon 19 Aug 2019 22:04:25 GMT

1

Risk that Fed Chair Powell could disappoint markets this week at Jackson Hole.

That's the view from TD with attention turning to the KC Federal Reserve symposium  Given the US dollar move even today sounds like TD are onto something …. 

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Risk that Fed Chair Powell could disappoint markets this week at Jackson Hole.


Eamonn Sheridan
Mon 19 Aug 2019 22:04:25 GMT
Category: Central Banks
1
That's the view from TD with attention turning to the KC Federal Reserve symposium  Given the US dollar move even today sounds like TD are onto something …. 

Asset 24 View More
Mon 19 Aug 2019 21:45:25 GMT

13

Brexit - More on the UK PM's letter to the EU (TL;DR - its laughable)

The hapless Boris Johnson sent a letter to the European Union. Adam had the report here earlier: Like the headline says, the TL;DR version is its laughable. But, if you want more:

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Brexit - More on the UK PM's letter to the EU (TL;DR - its laughable)


https://az705044.vo.msecnd.net/20190819/boris.png Eamonn Sheridan
Mon 19 Aug 2019 21:45:25 GMT
Category: News
13
The hapless Boris Johnson sent a letter to the European Union. Adam had the report here earlier: Like the headline says, the TL;DR version is its laughable. But, if you want more:

Asset 24 View More
Mon 19 Aug 2019 21:11:18 GMT

NZD traders - heads up for the GDT dairy auction coming up Tuesday, London time

GlobalDairyTrade (GDT) auction begins at midday in London today, with the results coming out in the hours following. Recent results: For today's auction, outlook via New Zealand's ASB, in brief:

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NZD traders - heads up for the GDT dairy auction coming up Tuesday, London time


https://az705044.vo.msecnd.net/20190819/gdt-auction-results-20-august-2019.png Eamonn Sheridan
Mon 19 Aug 2019 21:11:18 GMT
Category: News
0
GlobalDairyTrade (GDT) auction begins at midday in London today, with the results coming out in the hours following. Recent results: For today's auction, outlook via New Zealand's ASB, in brief:

Asset 24 View More
Mon 19 Aug 2019 20:55:20 GMT

4

Trade ideas thread - Tuesday 20 August 2019

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 August 2019


Eamonn Sheridan
Mon 19 Aug 2019 20:55:20 GMT
Category: News
4
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:

Asset 24 View More
Mon 19 Aug 2019 20:49:43 GMT

7

White house scrambling to prop up economy - eyeing payroll tax cut

Washington Post report on discussions at the White House on a payroll tax cut - a temporary payroll tax cut  - "as a way to arrest an economic slowdown, three people familiar with the discussions said" More:

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White house scrambling to prop up economy - eyeing payroll tax cut


https://az705044.vo.msecnd.net/20170510/rosengren-boston-fed-2017.png Eamonn Sheridan
Mon 19 Aug 2019 20:49:43 GMT
Category: News
7
Washington Post report on discussions at the White House on a payroll tax cut - a temporary payroll tax cut  - "as a way to arrest an economic slowdown, three people familiar with the discussions said" More:

Asset 24 View More
Mon 19 Aug 2019 20:39:21 GMT

ForexLive Americas FX news wrap: Trump wants 100 basis points and QE

Forex news for Americas trading on August 19, 2019: Markets: - S&P 500 up 35 points to 2923 - WTI crude up $1.32 to $56.19 - US 10-year yields up 5 bps to 1.60% Newsflows was light to start the week. There was nothing on the economic calendar until Rosengren's interview popped up on the agenda. His comments were in-character but he cracked the door open to something more dovish.

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ForexLive Americas FX news wrap: Trump wants 100 basis points and QE


//az705044.vo.msecnd.net/20190819/2019-08-19_16-38-28.png Adam Button
Mon 19 Aug 2019 20:39:21 GMT
Author: Adam Button
Category: News
0
Forex news for Americas trading on August 19, 2019: Markets: - S&P 500 up 35 points to 2923 - WTI crude up $1.32 to $56.19 - US 10-year yields up 5 bps to 1.60% Newsflows was light to start the week. There was nothing on the economic calendar until Rosengren's interview popped up on the agenda. His comments were in-character but he cracked the door open to something more dovish.

Asset 24 View More
Mon 19 Aug 2019 20:38:37 GMT

3

Long AUD/NZD trade idea - what should drive the cross higher.

Morgan Stanley like AUD/NZD, citing better data from Australia against that from New Zealand.  Recent data from Australia have improved, led by labour market and consumer confidence. 

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Long AUD/NZD trade idea - what should drive the cross higher.


Eamonn Sheridan
Mon 19 Aug 2019 20:38:37 GMT
Category: News
3
Morgan Stanley like AUD/NZD, citing better data from Australia against that from New Zealand.  Recent data from Australia have improved, led by labour market and consumer confidence. 

Asset 24 View More
Mon 19 Aug 2019 20:33:06 GMT

1

If you are waiting for the agenda of the Federal Reserve Jackson Hole symposium - info

The agenda for the Jackson Hole symposium will be published on Thursday. What we know so far: - Federal Reserve Chair Powell is scheduled to speak on Friday (23rd August), on monetary policy challenges. At 10 AM ET/1400 GMT The symposium hosts, the Kansas City Federal Reserve, will publish the full agenda at 6pm ET (2200GMT) on Thursday August 22.

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If you are waiting for the agenda of the Federal Reserve Jackson Hole symposium - info


Eamonn Sheridan
Mon 19 Aug 2019 20:33:06 GMT
Category: Central Banks
1
The agenda for the Jackson Hole symposium will be published on Thursday. What we know so far: - Federal Reserve Chair Powell is scheduled to speak on Friday (23rd August), on monetary policy challenges. At 10 AM ET/1400 GMT The symposium hosts, the Kansas City Federal Reserve, will publish the full agenda at 6pm ET (2200GMT) on Thursday August 22.

Asset 24 View More

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