Danske Bank say that Governor Lowe's speech (due Tuesday 21 Mat at 0310GMT) 'will be very important for the RBA outlook'.

More:
  • green shoots narrative is shot to pieces
  • Markets (and almost all analysts) now expect RBA to cut in June, but didn't RBA leave it up to the unemployment rate to decide whether a cut was warranted or not? In such case rising unemployment is probably needed before RBA acts. Rising unemployment is likely also on the cards …  but not before the June meeting. 
  • Will the Phillips Curve apologists strike again and postpone the cut until further evidence is gathered? We tend to think so 
  • Morrisons surprise (or even miracle) victory in the election is another reason for RBA to wait and see, as his alleged tax cuts could come in handy for the Australian economic momentum. 
(The two reasons are my highlighting above).


ForexLive

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Mon 20 May 2019 22:24:36 GMT

12

Here are 3 EUR/USD forecasts (spoiler: one month 1.12, 3 mth 1.13 & 6 mth is 1.15)

If you are still reading after all the info in the headline :-D Forecasts via Danske Bank The bank highlights for the coming week: - Thursday's May flash PMIs Further out:

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Here are 3 EUR/USD forecasts (spoiler: one month 1.12, 3 mth 1.13 & 6 mth is 1.15)


Eamonn Sheridan
Mon 20 May 2019 22:24:36 GMT
Category: News
12


If you are still reading after all the info in the headline :-D Forecasts via Danske Bank The bank highlights for the coming week: - Thursday's May flash PMIs Further out:

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AUD traders - Australian election decided, incumbent government wins
Asset 41
Mon 20 May 2019 22:00:00 GMT

1

US President Trump says Iran has been very hostile, but he'd like to have talks with them

Trump with some remarks on Iran.  - says Iran has been very hostile - would like to have talks with Iran when they are ready - Iran would be making a very big mistake if they did anything He also comments on a US judge ruling re his tax returns being released to Congress. 

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US President Trump says Iran has been very hostile, but he'd like to have talks with them


Eamonn Sheridan
Mon 20 May 2019 22:00:00 GMT
Category: News
1
Trump with some remarks on Iran.  - says Iran has been very hostile - would like to have talks with Iran when they are ready - Iran would be making a very big mistake if they did anything He also comments on a US judge ruling re his tax returns being released to Congress. 

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Mon 20 May 2019 21:56:36 GMT

3

"Preparing for the next recession: 9 things you need to know"

Doing a bit of a scan about and found this, might be of interest. I am not familiar with Capital Ideas (the piece is on their blog) but its this is an interesting read.

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"Preparing for the next recession: 9 things you need to know"


Eamonn Sheridan
Mon 20 May 2019 21:56:36 GMT
Category: News
3
Doing a bit of a scan about and found this, might be of interest. I am not familiar with Capital Ideas (the piece is on their blog) but its this is an interesting read.

Asset 24 View More
Mon 20 May 2019 21:36:27 GMT

2

RBA Governor Lowe speech coming up soon - preview

Philip Lowe, Governor of the Reserve Bank of Australia is speaking on Tuesday 21 May 2019 at 0310GMT. Earlier posts on this: Note, prior to Lowe speaking the RBA May meeting mutes are published (due at 0130GMT)

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RBA Governor Lowe speech coming up soon - preview


Eamonn Sheridan
Mon 20 May 2019 21:36:27 GMT
Category: Central Banks
2
Philip Lowe, Governor of the Reserve Bank of Australia is speaking on Tuesday 21 May 2019 at 0310GMT. Earlier posts on this: Note, prior to Lowe speaking the RBA May meeting mutes are published (due at 0130GMT)

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Mon 20 May 2019 21:16:43 GMT

2

More on US granting Huawei a temporary general licence

Headlines are here from earlier: US says it is creating a 90-day temporary general license for Huawei and 68 entities A bit more here: - Local Aussie press:  -

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More on US granting Huawei a temporary general licence


Eamonn Sheridan
Mon 20 May 2019 21:16:43 GMT
Category: News
2
Headlines are here from earlier: US says it is creating a 90-day temporary general license for Huawei and 68 entities A bit more here: - Local Aussie press:  -

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Mon 20 May 2019 21:09:47 GMT

Forexlive Americas FX news wrap: Quiet Monday as Fed speak fails to move the needle much

Forex news for NY trading on May 20, 2020. In other markets: - Spot gold, up $.30 or 0.02% $1277.85 - WTI crude oil futures trading up $.44 or 0.70% at $63.20 In the US stock market to day, the major indices closed lower and did not see positive levels in the day, but they were off low levels as well.  European shares were also lower with the German Dax, France CAC and Italian FTSE MIB hit particular hard.

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Forexlive Americas FX news wrap: Quiet Monday as Fed speak fails to move the needle much


//az705044.vo.msecnd.net/20190520/0-2019-05-20_13-05-49.jpg Greg Michalowski
Mon 20 May 2019 21:09:47 GMT
Category: News
0
Forex news for NY trading on May 20, 2020. In other markets: - Spot gold, up $.30 or 0.02% $1277.85 - WTI crude oil futures trading up $.44 or 0.70% at $63.20 In the US stock market to day, the major indices closed lower and did not see positive levels in the day, but they were off low levels as well.  European shares were also lower with the German Dax, France CAC and Italian FTSE MIB hit particular hard.

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Mon 20 May 2019 20:55:17 GMT

15

FT: Huawei to develop its own phone o/s, 'tech cold war gathers pace'

The front page of the Financial Times features a prominent story on Huawei developing its own operating system for phones Its not just the o/s though, the US ban means the firm can't provide apps from companies like Google. Like Gmail

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FT: Huawei to develop its own phone o/s, 'tech cold war gathers pace'


https://az705044.vo.msecnd.net/20190520/ft-houwei.png Eamonn Sheridan
Mon 20 May 2019 20:55:17 GMT
Category: News
15
The front page of the Financial Times features a prominent story on Huawei developing its own operating system for phones Its not just the o/s though, the US ban means the firm can't provide apps from companies like Google. Like Gmail

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Mon 20 May 2019 20:49:17 GMT

17

Trade ideas thread - Tuesday 21 May 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 21 May 2019


Eamonn Sheridan
Mon 20 May 2019 20:49:17 GMT
Category: News
17
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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Mon 20 May 2019 20:46:09 GMT

2

Huawei - China responds by putting the pressure on Australia - relations at a "low ebb"

China's Global Times says Australia needs to improve relations with China, relations are at a "low ebb". A taste of the article:   here is the link for more. ForexLive

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Huawei - China responds by putting the pressure on Australia - relations at a "low ebb"


Eamonn Sheridan
Mon 20 May 2019 20:46:09 GMT
Category: News
2
China's Global Times says Australia needs to improve relations with China, relations are at a "low ebb". A taste of the article:   here is the link for more. ForexLive

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Mon 20 May 2019 20:29:38 GMT

6

US says it is creating a 90-day temporary general license for Huawei and 68 entities

US Commerce Department  Headlines via Reuters  US Commerce Dept. ever so slightly pulling back the restrictions on Huawei. Tech stocks on the US have been hit on the Huawei developments over the weekend and into Monday. 

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US says it is creating a 90-day temporary general license for Huawei and 68 entities


Eamonn Sheridan
Mon 20 May 2019 20:29:38 GMT
Category: News
6
US Commerce Department  Headlines via Reuters  US Commerce Dept. ever so slightly pulling back the restrictions on Huawei. Tech stocks on the US have been hit on the Huawei developments over the weekend and into Monday. 

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Mon 20 May 2019 20:24:40 GMT

Recap (and ICYMI) of Bank of England Broadbent comments on Brexit

Greg had the remarks from BoE Deputy Governor Broadbent here: Broadbent expressed concern that ,  UK companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock On a 'no deal' exit:

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Recap (and ICYMI) of Bank of England Broadbent comments on Brexit


https://az705044.vo.msecnd.net/20170804/broadbent.jpg Eamonn Sheridan
Mon 20 May 2019 20:24:40 GMT
Category: Central Banks
0
Greg had the remarks from BoE Deputy Governor Broadbent here: Broadbent expressed concern that ,  UK companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock On a 'no deal' exit:

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Mon 20 May 2019 20:05:24 GMT

Stocks down but it could have been worse

Nasdaq the hardest hit The major US indices are ending the session in the red, but it could have been worse.   The final numbers are showing: ForexLive

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Stocks down but it could have been worse


//az705044.vo.msecnd.net/20190520/2019-05-20_13-05-49.jpg Greg Michalowski
Mon 20 May 2019 20:05:24 GMT
Category: Technical Analysis
0
Nasdaq the hardest hit The major US indices are ending the session in the red, but it could have been worse.   The final numbers are showing: ForexLive

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Mon 20 May 2019 19:59:10 GMT

Here is what’s on the economic calendar in Asia today – Fed Chair Powell speaking

Also Reserve Bank of Australia minutes then a speech from Governor Lowe coming up. From the top though: 2300 GMT - Federal Reserve Chair Powell is speaking at an Atlanta Fed conference.

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Here is what’s on the economic calendar in Asia today – Fed Chair Powell speaking


Eamonn Sheridan
Mon 20 May 2019 19:59:10 GMT
Category: News
0
Also Reserve Bank of Australia minutes then a speech from Governor Lowe coming up. From the top though: 2300 GMT - Federal Reserve Chair Powell is speaking at an Atlanta Fed conference.

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Mon 20 May 2019 19:58:09 GMT

USDCNH slows the rise....Can you trust it though

In the midst of trade tension will China slow the fall in the yuan? The offshore yuan has been moving lower (higher USDCNH) since bottoming most recently in mid-April. The run higher has the price moving closer to the end of October high at 6.9802. Before that high are swing highs (see green numbered circles) at 6.95768.  Those are the upside targets more upside momentum.  

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USDCNH slows the rise....Can you trust it though


//az705044.vo.msecnd.net/20190520/2019-05-20_12-34-12.jpg Greg Michalowski
Mon 20 May 2019 19:58:09 GMT
Category: Technical Analysis
0
In the midst of trade tension will China slow the fall in the yuan? The offshore yuan has been moving lower (higher USDCNH) since bottoming most recently in mid-April. The run higher has the price moving closer to the end of October high at 6.9802. Before that high are swing highs (see green numbered circles) at 6.95768.  Those are the upside targets more upside momentum.  

Asset 24 View More
Mon 20 May 2019 18:59:50 GMT

2

Fed's Williams: Policymakers want to maintain a strong labor market, keep inflation low

Fed's WIlliams speaking Fed's Williams is on the wires saying: The weird comment is the "keep inflation low". Although the rhetoric from the Fed has been that inflation was transitory, the risk is that inflation expectations are too low.  

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Fed's Williams: Policymakers want to maintain a strong labor market, keep inflation low


Greg Michalowski
Mon 20 May 2019 18:59:50 GMT
Category: Central Banks
2
Fed's WIlliams speaking Fed's Williams is on the wires saying: The weird comment is the "keep inflation low". Although the rhetoric from the Fed has been that inflation was transitory, the risk is that inflation expectations are too low.  

Asset 24 View More
Mon 20 May 2019 18:53:23 GMT

2

Stocks weaken within a little more than a hour to go in the day

Nasdaq down -1.50%. S&P down over -0.8% US broad indices are skidding a little to the downside with a little over an hour left in the day. Big loser on the day

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Stocks weaken within a little more than a hour to go in the day


Greg Michalowski
Mon 20 May 2019 18:53:23 GMT
Category: Technical Analysis
2
Nasdaq down -1.50%. S&P down over -0.8% US broad indices are skidding a little to the downside with a little over an hour left in the day. Big loser on the day

Asset 24 View More
Mon 20 May 2019 18:49:20 GMT

Crude oil futures settle at $63.10

Up $0.34 or 0.54% on the day The price of crude oil futures have settled the day at $63.10. That is up $0.34 or 0.54% on the day. The high price extended to $63.81. The low extended down to $62.45.

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Crude oil futures settle at $63.10


//az705044.vo.msecnd.net/20190520/2019-05-20_11-48-00.jpg Greg Michalowski
Mon 20 May 2019 18:49:20 GMT
Category: Technical Analysis
0
Up $0.34 or 0.54% on the day The price of crude oil futures have settled the day at $63.10. That is up $0.34 or 0.54% on the day. The high price extended to $63.81. The low extended down to $62.45.

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Mon 20 May 2019 18:38:20 GMT

DOJ said to lean against approving T-Mobile takeover of Sprint

Sprint shares are halted. Earlier today the FCC Chair Ajit Pai said that he would recommend approval of the merger.  The DOJ, seems to have another view of the deal and could put the kibosh on the deal. 

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DOJ said to lean against approving T-Mobile takeover of Sprint


Greg Michalowski
Mon 20 May 2019 18:38:20 GMT
Category: News
0
Sprint shares are halted. Earlier today the FCC Chair Ajit Pai said that he would recommend approval of the merger.  The DOJ, seems to have another view of the deal and could put the kibosh on the deal. 

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Mon 20 May 2019 17:55:09 GMT

3

President Trump and Chair Powell both speaking at 7 PM tonight

Pres. Trump speaks in Pennsylvania. Both Pres. Trump and Fed Chair Powell will be speaking at 7 PM ET. Trump will be speaking at a rally in Montoursville, Pennsylvania at the Williamsport Regional Airport, while Powell will be speaking at the Atlanta Fed's annual financial markets conference at the Omni Hotel on Amelia Island, Florida.  

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President Trump and Chair Powell both speaking at 7 PM tonight


//az705044.vo.msecnd.net/20190520/2019-05-20_10-53-06.jpg Greg Michalowski
Mon 20 May 2019 17:55:09 GMT
Category: News
3
Pres. Trump speaks in Pennsylvania. Both Pres. Trump and Fed Chair Powell will be speaking at 7 PM ET. Trump will be speaking at a rally in Montoursville, Pennsylvania at the Williamsport Regional Airport, while Powell will be speaking at the Atlanta Fed's annual financial markets conference at the Omni Hotel on Amelia Island, Florida.  

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Mon 20 May 2019 17:47:58 GMT

AUDUSD trades above and below 100 hour MA after election rally stalls

RBA meeting minutes from May meeting will be released in the new day The AUDUSD gapped higher and corrected 38.2% of the move down from May 7th high at 0.6934 after the election results over the weekend. The next key events occur in the new day when:

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AUDUSD trades above and below 100 hour MA after election rally stalls


//az705044.vo.msecnd.net/20190520/2019-05-20_10-38-21.jpg Greg Michalowski
Mon 20 May 2019 17:47:58 GMT
Category: Technical Analysis
0
RBA meeting minutes from May meeting will be released in the new day The AUDUSD gapped higher and corrected 38.2% of the move down from May 7th high at 0.6934 after the election results over the weekend. The next key events occur in the new day when:

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Mon 20 May 2019 17:35:56 GMT

3

Pres. Trump: Reports of US setting up talks with Iran are false

Pres Trump tweeting on Iran Tensions remain at an elevated level. 

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Pres. Trump: Reports of US setting up talks with Iran are false


//az705044.vo.msecnd.net/20190520/2019-05-20_10-32-00.jpg Greg Michalowski
Mon 20 May 2019 17:35:56 GMT
Category: News
3
Pres Trump tweeting on Iran Tensions remain at an elevated level. 

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Mon 20 May 2019 17:13:55 GMT

Fed Vice Chair Clarida repeats comments from recent speeches

Clarida speaking in NY Apparently the weekend (or trade concerns) have not changes Fed Vice Chairs asssessment of the US economy.  Speaking in NY he reiterated the remarks made on April 9 and May 13.

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Fed Vice Chair Clarida repeats comments from recent speeches


//az705044.vo.msecnd.net/20190520/2019-05-20_10-23-22.jpg Greg Michalowski
Mon 20 May 2019 17:13:55 GMT
Category: Central Banks
0
Clarida speaking in NY Apparently the weekend (or trade concerns) have not changes Fed Vice Chairs asssessment of the US economy.  Speaking in NY he reiterated the remarks made on April 9 and May 13.

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Mon 20 May 2019 17:10:54 GMT

1

Austria's Chancellor Kurz trying to control damage from Strache's weekend resignation

Says far right Freedom Party destroyed itself Austrian Chancellor Sebastian Kurz, withdrew from the governing coalition with ex Vice Chancellor Heinz- Christina Strache after a video surfaced where Strache was secretly trying to get funneled money to his campaign from a woman believed to be a wealthy niece of a Russian oligarch.   There will be a new election in September. 

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Austria's Chancellor Kurz trying to control damage from Strache's weekend resignation


Greg Michalowski
Mon 20 May 2019 17:10:54 GMT
Category: News
1
Says far right Freedom Party destroyed itself Austrian Chancellor Sebastian Kurz, withdrew from the governing coalition with ex Vice Chancellor Heinz- Christina Strache after a video surfaced where Strache was secretly trying to get funneled money to his campaign from a woman believed to be a wealthy niece of a Russian oligarch.   There will be a new election in September. 

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