news.forexlive.comForexlive | Forex News, Technical Analysis & Trading Tools

Forexlive | Forex News, Technical Analysis & Trading Tools -- Coming Up! Title text for next article Join our Telegram group Cryptocurrency Home Technical Analysis Calendar Economic Calendar Live Charts Education About ForexLive Contact Us More Economic Calendar Live Charts Education Social Trading Central Banks Live Quotes Forex Orders Session Wraps Forex Tools Forex Jargon About ForexLive My Preferences Compare FX Brokers Compare FX Brokers Live Charts Education Social Trading Central Banks Live Quotes Forex Orders Session Wraps Forex Tools Forex Jargon My Preferences LON SDNY +11 NY -5 TYO +9 GMT -- A huge week ahead in the making Sat 29 Feb 2020 18:34:48 GMT Author: Chris Weston 0 Here is the playbook for the week ahead While we still have clear this weekend's China PMI data, and the South Carolina primary, the central focus next week will remain on the spread of the Coronavirus above all else as it has gripped the financial markets. We do also navigate through Super Tuesday, where a third of delegates will be up for grabs from the various Democrat nominee runners. I don't touch on this in the video, as we will be putting a greater focus on this in a separate video on the US election and the process going forward here. I focus in greater depth on implied volatility, as it has become incredibly high here, with some punchy moves implied through options prices. So, whether I am looking at vols, or my internal equity euphoria/pessimism equity model, we are now at extremes. Is it time to buy risk for slight mean reversion in price? It's certainly looking compelling, albeit incredibly brave. NYSE advances/decliners I touch on rates pricing and as we can see from the chart below, expectations have become incredibly rich and there will be some huge opportunity when we get a disconnect between central bank views and a market with a high conviction that lower rates are coming. Consider we saw an interview in the FT with Christine Lagarde and she basically spelt out that a rate cut is not imminent. The chart that has garnered so much attention today is that of the S&P 500, with price smashing through trend support and the 200-day MA. Strange things happen below the 200-day MA, but how long is can stay below here is now key. But we're insanely oversold and unloved levels, but timing the move is the clear issue, and on current news flow the question is how high and reversion goes before you take profit and flip to shorts again. (Daily of the S&P500) One to watch, but with vols sky high and equity and credit getting taken to the woodshed, carry structures in FX have been chopped up and it has hurt those who haven't reacted. A big week ahead though, with some key event risks to navigate your portfolios through, the week ahead video is designed to offer some light here. ForexLive View More View Full Article with Comments Sat 29 Feb 2020 02:00:11 GMT 5 China official PMIs February: Manufacturing 35.7 (expected 45.0) Non-manufacturing 29.6 (expected 51.0) China's economy was hit hard right from the Lunar New Year holiday and the weeks after from the coronavirus outbreak. - deaths now number >3,000 in China Manufacturing 35.7, this is the lowest ever recorded for this indicator. View More China official PMIs February: Manufacturing 35.7 (expected 45.0) Non-manufacturing 29.6 (expected 51.0) https://az705044.vo.msecnd.net/20200131/china-highways.png Eamonn Sheridan Sat 29 Feb 2020 02:00:11 GMT Author: Eamonn Sheridan Category: News 5 Asset 22 China's economy was hit hard right from the Lunar New Year holiday and the weeks after from the coronavirus outbreak. - deaths now number >3,000 in China Manufacturing 35.7, this is the lowest ever recorded for this indicator. Asset 24 View More Trade ideas thread - European session 27 February 2020 Asset 41 Fri 28 Feb 2020 22:44:45 GMT 8 ForexLive Americas FX news wrap: Powell issues surprise statement Forex news for North American trade on Feb 28, 2020: Markets: - Gold -$59 to $1585 - WTI crude down $1.83 to $45.26 - US 10 year yields down 11 bps to 1.15% There are no easy answers in a tick-by-tick play-by-play at a time like this. Fear and greed dominate. The surprise news of the day was a statement from Powell at 2:30 pm ET. The comments on mundane at face value but they come in the context of the market pricing in a full 25 bps cut on March 18 and a 70% chance of 50 bps. Given that, they're an endorsement of the market view. View More ForexLive Americas FX news wrap: Powell issues surprise statement //az705044.vo.msecnd.net/20200228/2020-02-28_17-44-39.png Adam Button Fri 28 Feb 2020 22:44:45 GMT Author: Adam Button Category: News 8 Forex news for North American trade on Feb 28, 2020: Markets: - Gold -$59 to $1585 - WTI crude down $1.83 to $45.26 - US 10 year yields down 11 bps to 1.15% There are no easy answers in a tick-by-tick play-by-play at a time like this. Fear and greed dominate. The surprise news of the day was a statement from Powell at 2:30 pm ET. The comments on mundane at face value but they come in the context of the market pricing in a full 25 bps cut on March 18 and a 70% chance of 50 bps. Given that, they're an endorsement of the market view. Asset 24 View More Fri 28 Feb 2020 22:12:24 GMT 4 US stock futures continue to rally after the close Futures finish 1.2% higher The rally that started in the final 15 minutes of trading continued into the after-hours and futures are up 1.2% on the day. That's nearly +5% from the intraday low. View More US stock futures continue to rally after the close //az705044.vo.msecnd.net/20200228/2020-02-28_17-10-12.png Adam Button Fri 28 Feb 2020 22:12:24 GMT Author: Adam Button Category: News 4 Futures finish 1.2% higher The rally that started in the final 15 minutes of trading continued into the after-hours and futures are up 1.2% on the day. That's nearly +5% from the intraday low. Asset 24 View More Fri 28 Feb 2020 22:05:13 GMT 2 CFTC Commitments of Traders: Euro shorts continue to grow, yen shorts jump Forex futures positioning data for the week ending February 25, 2020: I think this is a clue as to why the pound was so weak late in the week. Everyone is heading to the sidelines to get a clear look at the virus and that meant closing out long GBP and short EUR positions; along with hefty, structural EUR/GBP shorts. We'll have a better idea if that was really the case with next week's data. ForexLive View More CFTC Commitments of Traders: Euro shorts continue to grow, yen shorts jump //az705044.vo.msecnd.net/20200228/2020-02-28_17-06-06.png Adam Button Fri 28 Feb 2020 22:05:13 GMT Author: Adam Button Category: Forex Orders 2 Forex futures positioning data for the week ending February 25, 2020: I think this is a clue as to why the pound was so weak late in the week. Everyone is heading to the sidelines to get a clear look at the virus and that meant closing out long GBP and short EUR positions; along with hefty, structural EUR/GBP shorts. We'll have a better idea if that was really the case with next week's data. ForexLive Asset 24 View More Fri 28 Feb 2020 21:06:51 GMT 18 US stocks catch a big bid in the final 15-minutes of trading to limit the damage Dramatic move late The S&P 500 finished the day down just 24 points at 2954 in a big win for the bulls late in the day. The index gained more than 70 points in the final 15 minutes of trading in a huge bid, that was likely helped by month-end rebalancing. The huge rallies in bond and selling in stocks this month left pensions and other balanced funds heavily overweight bonds, so they're forced to buy to get back on target. View More US stocks catch a big bid in the final 15-minutes of trading to limit the damage //az705044.vo.msecnd.net/20200228/2020-02-28_16-03-04.png Adam Button Fri 28 Feb 2020 21:06:51 GMT Author: Adam Button Category: News 18 Dramatic move late The S&P 500 finished the day down just 24 points at 2954 in a big win for the bulls late in the day. The index gained more than 70 point...