Author: Eamonn Sheridan

President Trump is planning "New Curbs on Chinese Investment, Tech Exports to China" according to the report in the WSJ

  • plans … barring many Chinese companies from investing in U.S. technology firms
  • and by blocking additional technology exports to Beijing
Journal citing "people familiar with administration plans"

Initiatives set to be announced by the end of the week 
  • designed to prevent Beijing from moving ahead with plans outlined in its "Made in China 2025" report to become a global leader in 10 broad areas of technology, including information technology, aerospace, electric vehicles and biotechnology.
  •  National Security Council and the Commerce Department are putting together plans for "enhanced" export controls, designed to keep such technologies from being shipped to China

Earlier we got this from the prez:

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Author: Eamonn Sheridan
1

BOJ's Summary of Opinions (June meeting)

The Bank of Japan summary pre-empts the Minutes by many, many weeks One member (the newly appointed Captain Obvious I think) says still distance to the 2% inflation target

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BOJ's Summary of Opinions (June meeting)


Author: Eamonn Sheridan
Category: Central Banks
1


The Bank of Japan summary pre-empts the Minutes by many, many weeks One member (the newly appointed Captain Obvious I think) says still distance to the 2% inflation target

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Trump says 20% tariff coming on European cars if EU tariffs aren't removed
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Author: Eamonn Sheridan

Chart of the week: the Australian Dollar …. "will inevitably lose"

This via Westpac, their chart of the week is the AUD/USD and also vs. its trade weighted index   (bolding is mine. Also, I posted WPAC on the AUD last week, here: )

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Chart of the week: the Australian Dollar …. "will inevitably lose"


Author: Eamonn Sheridan
Category: News
0
This via Westpac, their chart of the week is the AUD/USD and also vs. its trade weighted index   (bolding is mine. Also, I posted WPAC on the AUD last week, here: )

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Author: Eamonn Sheridan

AUD for the coming week - "caught in the cross-fire"

This a snippet from ANZ's weekly FX Strategy week ahead of the Australian dollar  (ps. for the major markets of Sydney and Melbourne last week results for clearance rates were still bumbling along around 55% for Sydney and 62% for Melbourne)

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AUD for the coming week - "caught in the cross-fire"


Author: Eamonn Sheridan
Category: News
0
This a snippet from ANZ's weekly FX Strategy week ahead of the Australian dollar  (ps. for the major markets of Sydney and Melbourne last week results for clearance rates were still bumbling along around 55% for Sydney and 62% for Melbourne)

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Author: Eamonn Sheridan
1

UK Fin Times front page features PBOC cut - 'to soften US tariff pain'

that the RRR cut was imminent, it hit over the weekend: I posted last week for what the cut means Check out this And .... this the front page of from the Financial Times for Monday, featuring the RRR cut and the Turkish election (Oh and England through to round 2 of the World Cup also):

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UK Fin Times front page features PBOC cut - 'to soften US tariff pain'


Author: Eamonn Sheridan
Category: Central Banks
1
that the RRR cut was imminent, it hit over the weekend: I posted last week for what the cut means Check out this And .... this the front page of from the Financial Times for Monday, featuring the RRR cut and the Turkish election (Oh and England through to round 2 of the World Cup also):

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Author: Eamonn Sheridan

More on the PBOC cut over the weekend (500 billion yuan "unlocked")

on the imminent likelihood of a reduction in the reserve requirement ratio   I posted last week Over the weekend we got the expected cut from the People's Bank of China  

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More on the PBOC cut over the weekend (500 billion yuan "unlocked")


Author: Eamonn Sheridan
Category: Central Banks
0
on the imminent likelihood of a reduction in the reserve requirement ratio   I posted last week Over the weekend we got the expected cut from the People's Bank of China  

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Author: Eamonn Sheridan

BIS warns on trade tensions, but central banks should be hiking anyway

The recent new head of the Bank for International Settlements Agustin Carstens on US / China trade tension: But, the baseline for the BIS is that is escalation is avoided the global economy will continue to improve. It supports further tightening:

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BIS warns on trade tensions, but central banks should be hiking anyway


Author: Eamonn Sheridan
Category: News
0
The recent new head of the Bank for International Settlements Agustin Carstens on US / China trade tension: But, the baseline for the BIS is that is escalation is avoided the global economy will continue to improve. It supports further tightening:

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Author: Eamonn Sheridan

A Happy Monday for Japanese PM Abe - his poll numbers improving

Japan press (Nikkei) with this tidbit for Abe to open the week: Support for the cabinet of Japanese Prime Minister Shinzo Abe now exceeds disapproval for the first time in several months

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A Happy Monday for Japanese PM Abe - his poll numbers improving


Author: Eamonn Sheridan
Category: News
0
Japan press (Nikkei) with this tidbit for Abe to open the week: Support for the cabinet of Japanese Prime Minister Shinzo Abe now exceeds disapproval for the first time in several months

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Author: Eamonn Sheridan
4

Turkish lira on the up - President Ergodan wins the election

President Tayyip Erdogan and his ruling AK Party has won Sunday's elections - Deputy Prime Minister Mehmet Simsek responded with a tweet saying reforms will speed up Monday morning trading is thin, thin, thin (for liquidity). For TRY it is nearly non-existent. But its quoting higher FWIW

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Turkish lira on the up - President Ergodan wins the election


Author: Eamonn Sheridan
Category: News
4
President Tayyip Erdogan and his ruling AK Party has won Sunday's elections - Deputy Prime Minister Mehmet Simsek responded with a tweet saying reforms will speed up Monday morning trading is thin, thin, thin (for liquidity). For TRY it is nearly non-existent. But its quoting higher FWIW

Asset 24 View More

Author: Eamonn Sheridan
17

Trade ideas thread - Monday 25 June 2018

Good morning, afternoon and evening all, welcome again to the new forex week  - day one!  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 - Monday 25 June 2018


Author: Eamonn Sheridan
Category: News
17
Good morning, afternoon and evening all, welcome again to the new forex week  - day one!  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

Here is what’s on the economic calendar in Asia today - BOJ the feature

Its is a very sparse calendar indeed for Monday, with the Bank of Japan only , the 'Summary of opinions' for the most recent meeting (June 14-15) of the BOJ

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Here is what’s on the economic calendar in Asia today - BOJ the feature


Author: Eamonn Sheridan
Category: News
0
Its is a very sparse calendar indeed for Monday, with the Bank of Japan only , the 'Summary of opinions' for the most recent meeting (June 14-15) of the BOJ

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Author: Eamonn Sheridan
3

The usual weekend Brexit bickering & bitchin' continues

The latest this weekend is members of the government backing Brexit  attacking business Government attacking business ... what else is new? Airbus and BMW highlighted that investments in the UK could be jeopardised by uncertainty over Brexit (for example - this from last week on business uncertainty …. it really is a dog's breakfast: )

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The usual weekend Brexit bickering & bitchin' continues


Author: Eamonn Sheridan
Category: News
3
The latest this weekend is members of the government backing Brexit  attacking business Government attacking business ... what else is new? Airbus and BMW highlighted that investments in the UK could be jeopardised by uncertainty over Brexit (for example - this from last week on business uncertainty …. it really is a dog's breakfast: )

Asset 24 View More

Author: Eamonn Sheridan
2

Oil - OPEC plans a small production boost

This an ICYMI from over the weekend, on oil producers agreeing to a small increase in output - OPEC said it'd raise supply by returning to 100 percent compliance with previously agreed output cuts I reckon it might be even less that the Iraqi figure, but it looks like a smaller increase than was expected regardless. 

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Oil - OPEC plans a small production boost


Author: Eamonn Sheridan
Category: News
2
This an ICYMI from over the weekend, on oil producers agreeing to a small increase in output - OPEC said it'd raise supply by returning to 100 percent compliance with previously agreed output cuts I reckon it might be even less that the Iraqi figure, but it looks like a smaller increase than was expected regardless. 

Asset 24 View More

Author: Eamonn Sheridan
14

Trump says US insists other countries remove trade barriers, tariffs

US president Trump on the Twitter: The 'more that reciprocity' leaves an open door to further escalation in the trade wars 

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Trump says US insists other countries remove trade barriers, tariffs


Author: Eamonn Sheridan
Category: News
14
US president Trump on the Twitter: The 'more that reciprocity' leaves an open door to further escalation in the trade wars 

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Author: Eamonn Sheridan
3

Monday morning FX - 25 June 2018 - foreign exchange prices, early indications

Welcome to the start of the new FX week! As is usual for a Monday morning, the caveat ... market liquidity is very thin. Price guide, indications … 

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Monday morning FX - 25 June 2018 - foreign exchange prices, early indications


Author: Eamonn Sheridan
Category: News
3
Welcome to the start of the new FX week! As is usual for a Monday morning, the caveat ... market liquidity is very thin. Price guide, indications … 

Asset 24 View More

Author: Greg Michalowski
1

Bitcoin slumps to a new 2018 low. What next?

The digital currency takes out the old low at $5873 on Coinbase The price of bitcoin on the Coinbase exchange, has reached a new 2018 low of $5825. For the day the price is currently down -$303 at $5830 - just off the low.  

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Bitcoin slumps to a new 2018 low. What next?


Author: Greg Michalowski
Category: Cryptocurrency
1
The digital currency takes out the old low at $5873 on Coinbase The price of bitcoin on the Coinbase exchange, has reached a new 2018 low of $5825. For the day the price is currently down -$303 at $5830 - just off the low.  

Asset 24 View More

Author: Adam Button
25

Italy wants quotas for economic migrants tied to EU funding

No migrants, no money Italy has laid out its plans for how migrants should be dispersed throughout the region. They say quotas should be set for every EU country and that those who don't should see a reduction in EU funds.

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Italy wants quotas for economic migrants tied to EU funding


Author: Adam Button
Category: News
25
No migrants, no money Italy has laid out its plans for how migrants should be dispersed throughout the region. They say quotas should be set for every EU country and that those who don't should see a reduction in EU funds.

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Author: Adam Button
2

China cuts reserve requirements for some banks after stock market slump

China's central bank lowers amount some banks must hold The PBOC cut the required reserve ratio for some banks on Sunday by 50 basis points in a move to boost lending to smaller firms.

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China cuts reserve requirements for some banks after stock market slump


Author: Adam Button
Category: News
2
China's central bank lowers amount some banks must hold The PBOC cut the required reserve ratio for some banks on Sunday by 50 basis points in a move to boost lending to smaller firms.

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Author: Adam Button
4

Turkey heads to the polls today

Huge election for Turkey and emerging markets A 20% drop in the lira this year frames today's election in Turkey as President Tayyip Erdogan tries to strengthen his grip on power as the economy struggles.

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Turkey heads to the polls today


Author: Adam Button
Category: News
4
Huge election for Turkey and emerging markets A 20% drop in the lira this year frames today's election in Turkey as President Tayyip Erdogan tries to strengthen his grip on power as the economy struggles.

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Author: Adam Button
21

The demo trader who opened a $5 billion position

There's gotta be more to this story The story of the demo trader who was trading with real money came out a couple days ago and I can't shake the feeling that we're not getting the whole story.

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The demo trader who opened a $5 billion position


Author: Adam Button
Category: News
21
There's gotta be more to this story The story of the demo trader who was trading with real money came out a couple days ago and I can't shake the feeling that we're not getting the whole story.

Asset 24 View More

Author: Adam Button

ForexLive Americas FX news wrap: Trump tweet sends a shudder

Forex news for  North American trade on June 22, 2018 - Canada retail sales for April -1.2% vs. 0.0% expected Markets: - WTI crude up $3.68 to $69.22 - Gold up $3.07 to $1270 Trump sent a shock through markets with a threat to impose 20% tariffs on autos from the EU unless European tariffs on US cars are removed. The initial reaction was a drop in EUR/USD to 1.1618 from 1.1652 but it slowly recovered over the subsequent hours to finish near the best levels of the week at 1.1660.

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ForexLive Americas FX news wrap: Trump tweet sends a shudder


Author: Adam Button
Category: News
0
Forex news for  North American trade on June 22, 2018 - Canada retail sales for April -1.2% vs. 0.0% expected Markets: - WTI crude up $3.68 to $69.22 - Gold up $3.07 to $1270 Trump sent a shock through markets with a threat to impose 20% tariffs on autos from the EU unless European tariffs on US cars are removed. The initial reaction was a drop in EUR/USD to 1.1618 from 1.1652 but it slowly recovered over the subsequent hours to finish near the best levels of the week at 1.1660.

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Author: Greg Michalowski
1

US stocks end mixed. Dow breaks the losing streak. Nasdaq falls.

Dow's first rise after 8 straight down days The US stocks are ending the day mixed despite some more concerns about trade.   Trump threatened to slap a 20% tariff on European cars coming in the US.  The EU has a $44.9b auto surplus with the US.   That is a big industry for the EU.  Trump wants the EU to build all their cars here.  The EU puts a 10% tariff on US cars.  It will be interesting the reaction.

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US stocks end mixed. Dow breaks the losing streak. Nasdaq falls.


Author: Greg Michalowski
Category: News
1
Dow's first rise after 8 straight down days The US stocks are ending the day mixed despite some more concerns about trade.   Trump threatened to slap a 20% tariff on European cars coming in the US.  The EU has a $44.9b auto surplus with the US.   That is a big industry for the EU.  Trump wants the EU to build all their cars here.  The EU puts a 10% tariff on US cars.  It will be interesting the reaction.

Asset 24 View More

Author: Greg Michalowski
27

CFTC Commitments of Traders: Some big shifts in positions

CFTC commitment of traders highlights for the week ending June 19, 2018 Highlights:  

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CFTC Commitments of Traders: Some big shifts in positions


Author: Greg Michalowski
Category: News
27
CFTC commitment of traders highlights for the week ending June 19, 2018 Highlights:  

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Author: Greg Michalowski
6

EURUSD looks to close near the highs after double bottom. What does that say for the trading plan next week?

Will be using the 1.1661-904 as a dividing line This week in the EURUSD, the pair continued a little lower from the tumble of the ECB meeting and Draghi press conference back on June 14th.  That "little" move took the price to 1.1507 which was very close to the May low at 1.1509. Call it a double bottom.  

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EURUSD looks to close near the highs after double bottom. What does that say for the trading plan next week?


Author: Greg Michalowski
6
Will be using the 1.1661-904 as a dividing line This week in the EURUSD, the pair continued a little lower from the tumble of the ECB meeting and Draghi press conference back on June 14th.  That "little" move took the price to 1.1507 which was very close to the May low at 1.1509. Call it a double bottom.  

Asset 24 View More

Author: Adam Button
2

Bitfinex chief strategy officer departs

Bitfinex and Tether back in the news Bitfinex Chief Strategy Officer Phil Potter is leaving the company in a 'mutual parting of ways', . He will be replaced by CEO JL van der Velde.

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Bitfinex chief strategy officer departs


Author: Adam Button
Category: News
2
Bitfinex and Tether back in the news Bitfinex Chief Strategy Officer Phil Potter is leaving the company in a 'mutual parting of ways', . He will be replaced by CEO JL van der Velde.

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