Lingering fears from Turkey weigh on equities

US equity futures are lower, European stocks turn the corner ForexLive S&P 500 futures are down 0.2% currently at the lows while Nasdaq and Dow Jones futures are down 0.2% and 0.3% respectively. Despite the lira’s recovery on the day, there are still lingering fears in the market that this could all blow up again at any given time. All More...

by Heather Bender | Published 38 mins ago
By Heather Bender On Wednesday, August 15th, 2018
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Gold extends decline to lowest levels since January 2017

Gold falls to session low of $1,185/oz ForexLive Commodities are not having a good day in general as metals are suffering across the board. Gold continues to fall to fresh seventeen month lows and silver is More...

By Heather Bender On Wednesday, August 15th, 2018
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Is GBP/JPY starting to form a base?

GBP/JPY trades near the 100-hour MA again ForexLive The pair has been holding steady so far in trading this week after an attempt to move towards the 140.00 handle on Monday failed to materialise into any major More...

By Heather Bender On Wednesday, August 15th, 2018
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UK foreign secretary expresses worries that EU talks may not yield a Brexit deal

UK foreign secretary Jeremy Hunt is speaking in Riga, Latvia More countries need to realise that a no-deal Brexit outcome would be a mistake No-deal Brexit outcome would have “short-term” impact More...

By Heather Bender On Wednesday, August 15th, 2018
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Chinese stocks extend losses, Shanghai Composite now down 2% on the day

The bleeding continues into the close ForexLive It has not been a good day for Chinese stocks as fears of contagion from Turkey and the ongoing trade spat with the US is adding to worries for investors. Since More...

By Heather Bender On Wednesday, August 15th, 2018
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One week later… The cable chart isn’t any prettier

Sellers still in control, further downside still on the cards ForexLive Continuing from this post last week. Since that post, cable is down by more than 200 pips as I type this. It’s been a rather straightforward More...

By Heather Bender On Wednesday, August 15th, 2018
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More from China’s NDRC as the onshore yuan slides even lower

The People’s Bank of China devalued the onshore yuan again today at the refence rate setting Taking USD/CNY to its highest (and thus lowest for the CNY) since May 12 2017  The market has enthusiastically More...

By Heather Bender On Wednesday, August 15th, 2018
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China NDRC – Will ensure achievement of annual economic growth target despite trade war

The NDRC is China’s state planner China will ensure achievement of annual economic growth target despite trade war There are no winners from trade war trade friction will have a negative impact on China’s More...

By Heather Bender On Wednesday, August 15th, 2018
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Asia currency intervention watch – HKMA intervenes

The Hong Kong Monetary Authority (act as the central bank in HK) bought Hong Kong dollars during New York trading hours Tuesday (news via Bloomberg) ) To defend the peg bought HKD 2.159bn (brings the year’s More...

By Heather Bender On Wednesday, August 15th, 2018
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Bloomberg on two notable buyers of oil (stocks)

Just noting this piece from Bloomberg on Soros and Druckenmiller byying oil related stocks Bloomberg scouring regulatory filings: Stanley Druckenmiller’s Duquesne Family Office bought 1.68 million shares More...

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