More from RBA's Kent: Next move in interest rates likely to be up, but no hurry

Author:

Author: Eamonn Sheridan

Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent

  • Fall in the unemployment rate will be only gradual
  • Next move in interest rates likely to be up, but no rush
Those from the Q&A  

Next move in interest rates ..... IMO is likely to be a long time coming FWIW.
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Earlier
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Coming up from Australia today:
Due at 0130GMT

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Author: Eamonn Sheridan

China press: More room to cut RRR

A China Securities Journal opinion piece today (headlines via Bloomberg)  - China has room to cut the RRR and repay MLF - China is likely to ease liquidity tension in the week Moves in China markets are not a focus right now ... trade and geopol dominating 

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China press: More room to cut RRR

Author: Eamonn Sheridan
Category: News
0
A China Securities Journal opinion piece today (headlines via Bloomberg)  - China has room to cut the RRR and repay MLF - China is likely to ease liquidity tension in the week Moves in China markets are not a focus right now ... trade and geopol dominating 
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Van hits a dozen pedestrians in Toronto in possible terrorist attack
Asset 41

Author: Eamonn Sheridan
1

OIL - SG on what is driving oil prices

ArticleBody This via Société Générale on oil prices  Brent and WTI prices have gained ... The main driver has been: In summary (bolding mine):

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OIL - SG on what is driving oil prices

Author: Eamonn Sheridan
Category: News
1
ArticleBody This via Société Générale on oil prices  Brent and WTI prices have gained ... The main driver has been: In summary (bolding mine):
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Author: Eamonn Sheridan

RBA's Kent says the impact from interest only loan expiries likely to be moderate

Christopher Kent, Reserve Bank of Australia Assistant Governor (Financial Markets) speaking on T he Limits of Interest-only Lending - says around A$480 bln interest only loans to expire by 2021 In the search for things to worry about the big lump in interest only housing loans due to expire has reached consciousness, garnering some news and articles etc. The concern is that as lenders switch to principal and interest loans (from interest only) repayments go up  and weigh on household consumption. Also that there will be those on interest only loans that will find difficulty making payments (or even being approved for) principal and interest loans.

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RBA's Kent says the impact from interest only loan expiries likely to be moderate

Author: Eamonn Sheridan
Category: Central Banks
0
Christopher Kent, Reserve Bank of Australia Assistant Governor (Financial Markets) speaking on T he Limits of Interest-only Lending - says around A$480 bln interest only loans to expire by 2021 In the search for things to worry about the big lump in interest only housing loans due to expire has reached consciousness, garnering some news and articles etc. The concern is that as lenders switch to principal and interest loans (from interest only) repayments go up  and weigh on household consumption. Also that there will be those on interest only loans that will find difficulty making payments (or even being approved for) principal and interest loans.
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Author: Eamonn Sheridan

Australian Q1 2018 inflation data due today – another preview

First quarter (January - March) CPI from Australia. Official inflation is out only once a quarter (we do get a good monthly guide from a private survey) - Data is due at 0130GMT 'Headline' inflation

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Australian Q1 2018 inflation data due today – another preview

Author: Eamonn Sheridan
Category: News
0
First quarter (January - March) CPI from Australia. Official inflation is out only once a quarter (we do get a good monthly guide from a private survey) - Data is due at 0130GMT 'Headline' inflation
Asset 24 View More

Author: Eamonn Sheridan

Australian inflation data due today – preview

Its Q1 (January - March) CPI from Australia coming up, headline and two core (underlying inflation) results. Due at 0130 GMT on 24 April 2018 For the 'headline'

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Australian inflation data due today – preview

Author: Eamonn Sheridan
Category: News
0
Its Q1 (January - March) CPI from Australia coming up, headline and two core (underlying inflation) results. Due at 0130 GMT on 24 April 2018 For the 'headline'
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Author: Greg Michalowski

Forexlive Americas FX news wrap: USD the strongest of majors in trading today

Forex news for NY trading on April 23, 2018 In other markets today: - Spot gold $-11.56 or -0.87% at $1324 - WTI crude oil futures rose $.51 or 0.75% to $68.91.  The price was lower earlier in the session but rose to three-year highs as the Saudi-Yemen conflict heats up.  Iranian backed Houthis in Yemen launched an unsuccessful missile attack against Saudi Arabia.  Meanwhile a Saudi kingdom "led force killed a senior leader of the rebel group" according to Bloomberg In the NY session today, the Chicago Fed national activity index came in bit weaker than expected at 0.10 versus 0.27 expected. That was offset by better-than-expected market services PMI (54.4 versus 54.1 expected).  Existing home sales were also higher than consensus estimates. The annualized rate moved to 5.6 million versus 5.55 million expected.

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Forexlive Americas FX news wrap: USD the strongest of majors in trading today

Author: Greg Michalowski
Category: News
0
Forex news for NY trading on April 23, 2018 In other markets today: - Spot gold $-11.56 or -0.87% at $1324 - WTI crude oil futures rose $.51 or 0.75% to $68.91.  The price was lower earlier in the session but rose to three-year highs as the Saudi-Yemen conflict heats up.  Iranian backed Houthis in Yemen launched an unsuccessful missile attack against Saudi Arabia.  Meanwhile a Saudi kingdom "led force killed a senior leader of the rebel group" according to Bloomberg In the NY session today, the Chicago Fed national activity index came in bit weaker than expected at 0.10 versus 0.27 expected. That was offset by better-than-expected market services PMI (54.4 versus 54.1 expected).  Existing home sales were also higher than consensus estimates. The annualized rate moved to 5.6 million versus 5.55 million expected.
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Author: Eamonn Sheridan
4

Trade ideas thread - Tuesday 24 April 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 24 April 2018

Author: Eamonn Sheridan
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:
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Author: Eamonn Sheridan

BoC - Poloz and Wilkins are still going .... moar

Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifying before a House Committee Earlier: And, more now: - Still indication of slack in economy in some areas (ps. Poloz spoke about inflation above 2% and how is not worried over the weekend: )

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BoC - Poloz and Wilkins are still going .... moar

Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifying before a House Committee Earlier: And, more now: - Still indication of slack in economy in some areas (ps. Poloz spoke about inflation above 2% and how is not worried over the weekend: )
Asset 24 View More

Author: Eamonn Sheridan

Here is what’s on the economic calendar in Asia today – Australian inflation data

Coming up today, the focus is on the CPI data from Australia. Its a quarterly affair only, no official monthly data - so today is a bog deal for local markets.

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Here is what’s on the economic calendar in Asia today – Australian inflation data

Author: Eamonn Sheridan
Category: News
0
Coming up today, the focus is on the CPI data from Australia. Its a quarterly affair only, no official monthly data - so today is a bog deal for local markets.
Asset 24 View More

Author: Greg Michalowski
4

John Pfeffer at Sohn: Bitcoin could reach $90K (or significantly higher)

John Pfeffer - Partner Pfeffer Capital Someone had to do it... John Pfeffer from Pfeffer Capital is out with his Sohn Conference pick and its......Bitcoin. He says:

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John Pfeffer at Sohn: Bitcoin could reach $90K (or significantly higher)

Author: Greg Michalowski
Category: Cryptocurrency
4
John Pfeffer - Partner Pfeffer Capital Someone had to do it... John Pfeffer from Pfeffer Capital is out with his Sohn Conference pick and its......Bitcoin. He says:
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Author: Eamonn Sheridan

More from BoC Gov Poloz: Stats on job vacancies a symptom of strong labour market

Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifyining before a House Committee Greg had earlier comments here: More following now:

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More from BoC Gov Poloz: Stats on job vacancies a symptom of strong labour market

Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifyining before a House Committee Greg had earlier comments here: More following now:
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Author: Greg Michalowski

US stocks end the session lower but a late day bounce cuts some of the losses

Nasdaq hurt the most. Alphabet earnings beat The major US stock indices are ending the lower. However there was a late day bounce that cut into some of the losses.

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US stocks end the session lower but a late day bounce cuts some of the losses

Author: Greg Michalowski
0
Nasdaq hurt the most. Alphabet earnings beat The major US stock indices are ending the lower. However there was a late day bounce that cut into some of the losses.
Asset 24 View More

Author: Greg Michalowski

Headlines from Q&A of BOC Gov. Poloz and Sen. Deputy Gov. Wilkins

Testimony  - Economy is about 50% more sensitive to interest rates - We believe investment in oil sector will remain flat - drop in housing from pull-forward effect to reverse

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Headlines from Q&A of BOC Gov. Poloz and Sen. Deputy Gov. Wilkins

Author: Greg Michalowski
Category: Central Banks
0
Testimony  - Economy is about 50% more sensitive to interest rates - We believe investment in oil sector will remain flat - drop in housing from pull-forward effect to reverse
Asset 24 View More

Author: Greg Michalowski
1

BOC Poloz: Inflation is on target. BOC will remain cautious on rates.

Prepared remarks as he begins testifying at House Committee Headlines from the Poloz testimony:  USDJPY trading at 1.2843 at start of testimony Below is the link to the opening statement before the House of Commons standing committee on finance:  

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BOC Poloz: Inflation is on target. BOC will remain cautious on rates.

Author: Greg Michalowski
Category: Central Banks
1
Prepared remarks as he begins testifying at House Committee Headlines from the Poloz testimony:  USDJPY trading at 1.2843 at start of testimony Below is the link to the opening statement before the House of Commons standing committee on finance:  
Asset 24 View More

Author: Greg Michalowski
2

EU said it seeks to join US/China trade dispute at the WTO

Reuters reports. Reuters is reporting that the EU is seeking to join the US/China trade dispute at the WTO.  The EURUSD is trading down to test the key 100 day MA at 1.22018. The swing low from February 9th at 1.22047.  The low just reached 1.22017. 

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EU said it seeks to join US/China trade dispute at the WTO

Author: Greg Michalowski
Category: News
2
Reuters reports. Reuters is reporting that the EU is seeking to join the US/China trade dispute at the WTO.  The EURUSD is trading down to test the key 100 day MA at 1.22018. The swing low from February 9th at 1.22047.  The low just reached 1.22017. 
Asset 24 View More

Author: Greg Michalowski
2

Stocks reverse and trade at session lows. USDJPY tilts lower too.

S&P down -13. Nasdaq down -50 points The US stocks have turned to the downside and trade at session lows. The USDJPY also followed their move and is giving up some of the trend gains too.

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Stocks reverse and trade at session lows. USDJPY tilts lower too.

Author: Greg Michalowski
2
S&P down -13. Nasdaq down -50 points The US stocks have turned to the downside and trade at session lows. The USDJPY also followed their move and is giving up some of the trend gains too.
Asset 24 View More

Author: Greg Michalowski
1

Gundlach on CNBC: 10 year above 3% will lead to higher rates

Earlier said recommended buying oil ETF XOP, and selling Facebook The 10 year yield traded to a high of 2.9957% today. It is currently trading at 2.9677% Gundlach is speaking at the Sohn Conference in NYC today.  

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Gundlach on CNBC: 10 year above 3% will lead to higher rates

Author: Greg Michalowski
Category: News
1
Earlier said recommended buying oil ETF XOP, and selling Facebook The 10 year yield traded to a high of 2.9957% today. It is currently trading at 2.9677% Gundlach is speaking at the Sohn Conference in NYC today.  
Asset 24 View More

Author: Forex Live
1

Audio recap: US dollar building momentum

The dollar continues to climb The US dollar came into Monday with some momentum after rallying across the board in the previous week. Any expectations the buck would run out of gas were let down, and even the lighter economic calendar could not prevent the buck from extending its run.

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Audio recap: US dollar building momentum

Author: Forex Live
Category: News
1
The dollar continues to climb The US dollar came into Monday with some momentum after rallying across the board in the previous week. Any expectations the buck would run out of gas were let down, and even the lighter economic calendar could not prevent the buck from extending its run.
Asset 24 View More

Author: Adam Button
49

Van hits a dozen pedestrians in Toronto in possible terrorist attack

Reports of at least two people dead Reports say a white van in the north end of the city plowed into a sidewalk and then fled the scene. Reports say 8-12 people were hit and at least two are dead.

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Van hits a dozen pedestrians in Toronto in possible terrorist attack

Author: Adam Button
Category: News
49
Reports of at least two people dead Reports say a white van in the north end of the city plowed into a sidewalk and then fled the scene. Reports say 8-12 people were hit and at least two are dead.
Asset 24 View More

Author: Greg Michalowski
9

GBPUSD makes new lows for the day. Lower trend line target chased.

Downward sloping trend line at 1.3918 now (and moving lower) The GBPUSD has continued the march lower. The correction in the NY session stalled in the beginning of April swing levels at the 1.2965-81 area (the high reached 1.3976 ().  The high after that could only get to 1.39618. Sellers remained in control. 

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GBPUSD makes new lows for the day. Lower trend line target chased.

Author: Greg Michalowski
9
Downward sloping trend line at 1.3918 now (and moving lower) The GBPUSD has continued the march lower. The correction in the NY session stalled in the beginning of April swing levels at the 1.2965-81 area (the high reached 1.3976 ().  The high after that could only get to 1.39618. Sellers remained in control. 
Asset 24 View More

Author: Greg Michalowski
3

USDCAD moves above 200 bar MA on 4-hour, and 50% retracement. Can't be ignored.

Did not stall much against the dual technical levels (bullish) The USDCAD has moved above both the 200 bar MA on 4-hour chart(green line at 1.2819) and the 50% retracement of the move down from the March high in trading today.

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USDCAD moves above 200 bar MA on 4-hour, and 50% retracement. Can't be ignored.

Author: Greg Michalowski
3
Did not stall much against the dual technical levels (bullish) The USDCAD has moved above both the 200 bar MA on 4-hour chart(green line at 1.2819) and the 50% retracement of the move down from the March high in trading today.
Asset 24 View More

Author: Greg Michalowski

USDCAD moves above 200 hour MA and 50% retracement. Can't be ignored.

Did not stall much against the dual level The USDCAD has moved above both the 200 hour MA (green line at 1.2819) and the 50% retracement of the move down from the March high in trading today.

View More

USDCAD moves above 200 hour MA and 50% retracement. Can't be ignored.

Author: Greg Michalowski
0
Did not stall much against the dual level The USDCAD has moved above both the 200 hour MA (green line at 1.2819) and the 50% retracement of the move down from the March high in trading today.
Asset 24 View More

Author: Adam Button
3

Gundlach: Buy oil and gas producers, sell Facebook

Comments from Jeff Gundlach at the Ira Sohn conference Gundlach spoke at the start of the month and some themes. At the time, he was worried about 3% Treasury yields.

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Gundlach: Buy oil and gas producers, sell Facebook

Author: Adam Button
Category: News
3
Comments from Jeff Gundlach at the Ira Sohn conference Gundlach spoke at the start of the month and some themes. At the time, he was worried about 3% Treasury yields.
Asset 24 View More

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