GMTAuthor: Adam Button

Should be a good one

An election is coming in the Fall and Trudeau's popularity has suffered in the past few weeks because of a scandal around SNC-Lavalin. Expect some stimulus in the budget as he tries to get re-elected.

ForexLive

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Wed 20 Feb 2019 20:05:39 GMT

1

Fed's Clarida: I don't think change in Fed policy statements is a U-turn

Clarida on CNN Sure, whatever. It's more like a 90-degree turn followed by another one. More: ForexLive

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Fed's Clarida: I don't think change in Fed policy statements is a U-turn


Adam Button
Wed 20 Feb 2019 20:05:39 GMT
Author: Adam Button
Category: News
1


Clarida on CNN Sure, whatever. It's more like a 90-degree turn followed by another one. More: ForexLive

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No stopping the GBPUSD. Cracks above 200 day MA without much problem
Asset 41
Wed 20 Feb 2019 20:02:20 GMT

2

May says she's seeking 'legally binding changes to the backstop'

May press conference comments So this is what it comes down to: The EU tweaks the political declaration and May brings that back to parliament and hopes for the best. Tough to think she will get it through but the pro-Brexit side might decide this is their best chance.

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May says she's seeking 'legally binding changes to the backstop'


Adam Button
Wed 20 Feb 2019 20:02:20 GMT
Author: Adam Button
Category: News
2
May press conference comments So this is what it comes down to: The EU tweaks the political declaration and May brings that back to parliament and hopes for the best. Tough to think she will get it through but the pro-Brexit side might decide this is their best chance.

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Wed 20 Feb 2019 19:48:08 GMT

Crude oil settles at $56.92

Up $0.83 or 1.48% on the day The US crude oil futures have settled the day at $56.92. That was up $0.83 or 1.48%. The high reached $57.55. The low extended down to $55.48.

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Crude oil settles at $56.92


Greg Michalowski
Wed 20 Feb 2019 19:48:08 GMT
Category: News
0
Up $0.83 or 1.48% on the day The US crude oil futures have settled the day at $56.92. That was up $0.83 or 1.48%. The high reached $57.55. The low extended down to $55.48.

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Wed 20 Feb 2019 19:17:42 GMT

17

May and Juncker say talks were 'constructive' in joint statement

May and Juncker met today Full text: May will speak shortly. ForexLive

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May and Juncker say talks were 'constructive' in joint statement


//az705044.vo.msecnd.net/20190220/0-2019-02-20_14-17-57.png Adam Button
Wed 20 Feb 2019 19:17:42 GMT
Author: Adam Button
Category: News
17
May and Juncker met today Full text: May will speak shortly. ForexLive

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Wed 20 Feb 2019 19:14:07 GMT

Dollar moves a higher as FOMC minutes trickle out

Comes off extremes though It is easier to grab onto a headline when they all come out. With Washington closed due to winter storm, the Fed released the minutes without the press seeiing it ahead and therefore able to put together headlines at the same time.  With no sequestering of the press ahead of the release, the headlines are coming out a lot slower.  That may be slowing the market as well.

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Dollar moves a higher as FOMC minutes trickle out


//az705044.vo.msecnd.net/20190220/2019-02-20_12-14-20.jpg Greg Michalowski
Wed 20 Feb 2019 19:14:07 GMT
Category: Technical Analysis
0
Comes off extremes though It is easier to grab onto a headline when they all come out. With Washington closed due to winter storm, the Fed released the minutes without the press seeiing it ahead and therefore able to put together headlines at the same time.  With no sequestering of the press ahead of the release, the headlines are coming out a lot slower.  That may be slowing the market as well.

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Wed 20 Feb 2019 19:02:47 GMT

7

Fed Minutes note concern about slowing global growth and China

Fed minutes released online Excerpts: "Market participants pointed to a number of factors as contributing to the heightened volatility and sustained declines in risk asset prices and interest rates over recent months including a weaker outlook and greater uncertainties for foreign economies (particularly for Europe and China), perceptions of greater policy risks, and the partial shutdown of the federal government."

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Fed Minutes note concern about slowing global growth and China


//az705044.vo.msecnd.net/20190220/federal-reserve-winter.png Adam Button
Wed 20 Feb 2019 19:02:47 GMT
Author: Adam Button
Category: Central Banks
7
Fed minutes released online Excerpts: "Market participants pointed to a number of factors as contributing to the heightened volatility and sustained declines in risk asset prices and interest rates over recent months including a weaker outlook and greater uncertainties for foreign economies (particularly for Europe and China), perceptions of greater policy risks, and the partial shutdown of the federal government."

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Wed 20 Feb 2019 19:01:11 GMT

Trump says negotiating with EU, will do tariffs if there is no deal

Trump on the EU The Dept of Commerce is done with its 232 tariffs report but it will take weeks (at the very least) for it to be used. ForexLive

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Trump says negotiating with EU, will do tariffs if there is no deal


Adam Button
Wed 20 Feb 2019 19:01:11 GMT
Author: Adam Button
Category: News
0
Trump on the EU The Dept of Commerce is done with its 232 tariffs report but it will take weeks (at the very least) for it to be used. ForexLive

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Wed 20 Feb 2019 18:59:34 GMT

Snapshot of markets ahead of the FOMC minutes

USD lower. Stocks near unchanged. Forex: The USD is lower. CAD is strongest. NZD is now the weakest. Yields show a steeper yield curve. The stocks are up marginally:

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Snapshot of markets ahead of the FOMC minutes


//az705044.vo.msecnd.net/20190220/2019-02-20_11-56-12.jpg Greg Michalowski
Wed 20 Feb 2019 18:59:34 GMT
Category: News
0
USD lower. Stocks near unchanged. Forex: The USD is lower. CAD is strongest. NZD is now the weakest. Yields show a steeper yield curve. The stocks are up marginally:

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Wed 20 Feb 2019 18:54:13 GMT

3

FOMC Minutes coming up next

FOMC Minutes due at 2 pm ET The headlines from the Minutes usually hit the wires en masse at 2 pm but there is a winter storm in Washington and that's led to a cancellation of the media lockup, so the report will simply be published on the Fed's website followed by a free-for-all.

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FOMC Minutes coming up next


Adam Button
Wed 20 Feb 2019 18:54:13 GMT
Author: Adam Button
Category: Central Banks
3
FOMC Minutes due at 2 pm ET The headlines from the Minutes usually hit the wires en masse at 2 pm but there is a winter storm in Washington and that's led to a cancellation of the media lockup, so the report will simply be published on the Fed's website followed by a free-for-all.

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Wed 20 Feb 2019 18:37:15 GMT

1

Caterpillar: China 2019 demand is 'very strong'

That's the kind of talk we haven't heard in awhile Shares of CAT are higher after the comment on China. The company is a major bellwether for China and emerging markets because its heavy equipment is in great demand on construction pickups.

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Caterpillar: China 2019 demand is 'very strong'


Adam Button
Wed 20 Feb 2019 18:37:15 GMT
Author: Adam Button
Category: News
1
That's the kind of talk we haven't heard in awhile Shares of CAT are higher after the comment on China. The company is a major bellwether for China and emerging markets because its heavy equipment is in great demand on construction pickups.

Asset 24 View More
Wed 20 Feb 2019 18:36:23 GMT

USDJPY moves toward 100/200 hour MAs ahead of FOMC minutes

Stocks come highs and drags the USDJPY lower The USDJPY moved back toward the close from yesterday (at 110.59) after stocks reversed and a broken trend line stopped holding support (see chart below).  

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USDJPY moves toward 100/200 hour MAs ahead of FOMC minutes


//az705044.vo.msecnd.net/20190220/2019-02-20_11-30-07.jpg Greg Michalowski
Wed 20 Feb 2019 18:36:23 GMT
Category: Technical Analysis
0
Stocks come highs and drags the USDJPY lower The USDJPY moved back toward the close from yesterday (at 110.59) after stocks reversed and a broken trend line stopped holding support (see chart below).  

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Wed 20 Feb 2019 18:09:05 GMT

7

Mueller investigation could be completed as soon as next week - report

Finally the end? The nearly two year investigation into Russian meddling in the US election may be wrapping up. : CNN reports Attorney General Bill Barr is preparing to announce as early as next week the completion of Robert Mueller's Russia investigation, with plans for Barr to submit to Congress soon after a summary of Mueller's confidential report, according to people familiar with the plans. It could take a few weeks for anything to be released. The first step is for Mueller to release a confidential report to the attorney general, which isn't required to be shared with Congress.

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Mueller investigation could be completed as soon as next week - report


Adam Button
Wed 20 Feb 2019 18:09:05 GMT
Author: Adam Button
Category: News
7
Finally the end? The nearly two year investigation into Russian meddling in the US election may be wrapping up. : CNN reports Attorney General Bill Barr is preparing to announce as early as next week the completion of Robert Mueller's Russia investigation, with plans for Barr to submit to Congress soon after a summary of Mueller's confidential report, according to people familiar with the plans. It could take a few weeks for anything to be released. The first step is for Mueller to release a confidential report to the attorney general, which isn't required to be shared with Congress.

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Wed 20 Feb 2019 17:55:23 GMT

22

EU wants proof that parliament backs a revised deal before it signs off

Vote and then we sign The EU is said to want MPs to vote on deal changes before a final Brexit divorce deal summit, according to Bloomberg. The UK is seeking changes to the Irish backstop but the EU doesn't want to make the changes, then have another deal rejected by parliament. So they're asking for a vote before any final summit and endorsement.

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EU wants proof that parliament backs a revised deal before it signs off


Adam Button
Wed 20 Feb 2019 17:55:23 GMT
Author: Adam Button
Category: News
22
Vote and then we sign The EU is said to want MPs to vote on deal changes before a final Brexit divorce deal summit, according to Bloomberg. The UK is seeking changes to the Irish backstop but the EU doesn't want to make the changes, then have another deal rejected by parliament. So they're asking for a vote before any final summit and endorsement.

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Wed 20 Feb 2019 17:52:28 GMT

10

A glimmer of hope was enough for the GBP bulls

What's really changed on Brexit? Theresa May is in Brussels today in hopes of finding a way to get a Brexit vote through parliament. The latest uptick in the pound came after comments from Spain's foreign minister, who said "I think the accord is being hammered out now."

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A glimmer of hope was enough for the GBP bulls


//az705044.vo.msecnd.net/20190220/2019-02-20_12-51-31.png Adam Button
Wed 20 Feb 2019 17:52:28 GMT
Author: Adam Button
Category: News
10
What's really changed on Brexit? Theresa May is in Brussels today in hopes of finding a way to get a Brexit vote through parliament. The latest uptick in the pound came after comments from Spain's foreign minister, who said "I think the accord is being hammered out now."

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Wed 20 Feb 2019 17:26:17 GMT

EURUSD cracks to new session highs. Extends the range for the day.

Looks toward the 50% midpoint The EURUSD has cracked to new session highs and in the process has extended the range for the day. The high reached 1.13698. The 50% retracement is up at 1.13736.  Above the 50% and traders will be eyeing the 100 day MA up at 1.1397 today.

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EURUSD cracks to new session highs. Extends the range for the day.


//az705044.vo.msecnd.net/20190220/2019-02-20_10-22-06aaa.jpg Greg Michalowski
Wed 20 Feb 2019 17:26:17 GMT
Category: Technical Analysis
0
Looks toward the 50% midpoint The EURUSD has cracked to new session highs and in the process has extended the range for the day. The high reached 1.13698. The 50% retracement is up at 1.13736.  Above the 50% and traders will be eyeing the 100 day MA up at 1.1397 today.

Asset 24 View More
Wed 20 Feb 2019 16:51:48 GMT

20

Gold creeps closer to the 2018 highs in fifth day of gains

Gold up $3.50 to $1344 Gold continues to break out from the consolidation pattern that kicked off the month. It's up $3.50 to $1344 after hitting a fresh 10-month high of $1364 in Asian trading.

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Gold creeps closer to the 2018 highs in fifth day of gains


//az705044.vo.msecnd.net/20190220/gold-daily-chart.png Adam Button
Wed 20 Feb 2019 16:51:48 GMT
Author: Adam Button
Category: Technical Analysis
20
Gold up $3.50 to $1344 Gold continues to break out from the consolidation pattern that kicked off the month. It's up $3.50 to $1344 after hitting a fresh 10-month high of $1364 in Asian trading.

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Wed 20 Feb 2019 16:50:58 GMT

Crude oil futures are trading up over $1 and looks to test 100 day MA

Up 1.91% on the day at it to $57.16 crude oil futures are trading higher in the day. The front contract trades at $57.16 that's up $1.07 or 1.91%.  The run higher has the price looking toward the 100 day moving average at $57.31. The price of crude has not treated above is 100 day moving average (blue line) since October 19.  Key level.

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Crude oil futures are trading up over $1 and looks to test 100 day MA


//az705044.vo.msecnd.net/20190220/2019-02-20_9-47-33.jpg Greg Michalowski
Wed 20 Feb 2019 16:50:58 GMT
Category: Technical Analysis
0
Up 1.91% on the day at it to $57.16 crude oil futures are trading higher in the day. The front contract trades at $57.16 that's up $1.07 or 1.91%.  The run higher has the price looking toward the 100 day moving average at $57.31. The price of crude has not treated above is 100 day moving average (blue line) since October 19.  Key level.

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Wed 20 Feb 2019 16:40:39 GMT

Spain sees 2019 deficit at 2.2%-2.4% without new budget - State Economist

Comments from Nadia Calvino I'm starting to get the feeling that a generation now we will look at the current period not as a post-crisis era for Europe, but as a little lull in the middle of two debt and growth crisis'.

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Spain sees 2019 deficit at 2.2%-2.4% without new budget - State Economist


Adam Button
Wed 20 Feb 2019 16:40:39 GMT
Author: Adam Button
Category: News
0
Comments from Nadia Calvino I'm starting to get the feeling that a generation now we will look at the current period not as a post-crisis era for Europe, but as a little lull in the middle of two debt and growth crisis'.

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Wed 20 Feb 2019 16:35:31 GMT

European shares set to close higher on the day

Provisional closes to the upside The provisional closes in Europe are pointing to the upside today. The numbers are showing: In the 10 year benchmark notes, yields are ending the session mixed. Below are the changes and ranges for the respective countries notes:

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European shares set to close higher on the day


//az705044.vo.msecnd.net/20190220/2019-02-20_9-32-58.jpg Greg Michalowski
Wed 20 Feb 2019 16:35:31 GMT
Category: Technical Analysis
0
Provisional closes to the upside The provisional closes in Europe are pointing to the upside today. The numbers are showing: In the 10 year benchmark notes, yields are ending the session mixed. Below are the changes and ranges for the respective countries notes:

Asset 24 View More
Wed 20 Feb 2019 16:22:17 GMT

Four patterns that new FX traders can utilize

Which technical indicators to watch when you're starting out For many , foreign exchange (FX) can seem a bit overwhelming at first glance. Given the complexity of the data or charts, it is not always clear what the best tools or patterns are to use in your trading.

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Four patterns that new FX traders can utilize


//az705044.vo.msecnd.net/20190220/instaforex1.jpg Forex Live
Wed 20 Feb 2019 16:22:17 GMT
Author: Forex Live
Category: Education
0
Which technical indicators to watch when you're starting out For many , foreign exchange (FX) can seem a bit overwhelming at first glance. Given the complexity of the data or charts, it is not always clear what the best tools or patterns are to use in your trading.

Asset 24 View More
Wed 20 Feb 2019 16:08:15 GMT

USDCAD moves below and away from the 50% retracement/132.00 level

Trades to new session lows The USDCAD stalled the fall yesterday at the 50% of the move up from the Feburay low at the 1.32036. Being near the natural support level at 1.3200 helped stalll the fall. 

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USDCAD moves below and away from the 50% retracement/132.00 level


//az705044.vo.msecnd.net/20190220/2019-02-20_8-58-04.jpg Greg Michalowski
Wed 20 Feb 2019 16:08:15 GMT
Category: Technical Analysis
0
Trades to new session lows The USDCAD stalled the fall yesterday at the 50% of the move up from the Feburay low at the 1.32036. Being near the natural support level at 1.3200 helped stalll the fall. 

Asset 24 View More
Wed 20 Feb 2019 16:02:12 GMT

1

EUR/USD: Unlikely to escape 1.12-1.16 range soon - SocGen

SocGen on the euro Societe Generale Research discusses EUR/USD outlook and "The ECB released current account data for December that show European buying of foreign long-dated debt slowing, and foreign selling of Euro-denominated long-term debt slowing too. The result is that the net outflow of long-term cash has slowed a lot, as the ECB has slowed its own bond purchases.

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EUR/USD: Unlikely to escape 1.12-1.16 range soon - SocGen


Adam Button
Wed 20 Feb 2019 16:02:12 GMT
Author: Adam Button
Category: News
1
SocGen on the euro Societe Generale Research discusses EUR/USD outlook and "The ECB released current account data for December that show European buying of foreign long-dated debt slowing, and foreign selling of Euro-denominated long-term debt slowing too. The result is that the net outflow of long-term cash has slowed a lot, as the ECB has slowed its own bond purchases.

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Wed 20 Feb 2019 15:55:10 GMT

6

German foreign min says no one wants a hard Brexit

Comments from German Foreign Minister Maas From the UK foreign minister Hunt: ForexLive

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German foreign min says no one wants a hard Brexit


Adam Button
Wed 20 Feb 2019 15:55:10 GMT
Author: Adam Button
Category: News
6
Comments from German Foreign Minister Maas From the UK foreign minister Hunt: ForexLive

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