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Japan finance minister Aso says supplementary budget will invest in infrastructure
Thu 23 Nov 2017 23:40:57 GMT Author: Eamonn Sheridan
Author: Eamonn Sheridan
Which we pretty much knew anyway:

More on the Japan supplementary budget (up to 2.3 tln yen according to reports)
Aso speaking in Tokyo - maybe an effort to provide some support to stocks this
morning
Heads up for Japan stockmarket opening soon - could be a tough morning

View Full Article with Comments

Thu 23 Nov 2017 23:25:24 GMT

Author: Eamonn Sheridan
2
Heads up for Japan stockmarket opening soon - could be a tough morning
Japan is back from holidays yesterday - The yen is a lot higher - This will weigh
on stocks opening soon Also on the negative side is the slide in China stocks on
Thursday:

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Thu 23 Nov 2017 22:23:22 GMT
Author: Eamonn Sheridan
More Europe politics - now the Irish government looks wobbly
- The party propping up the Irish government called on Thursday for the deputy
prime minister to resign Via Reuters comes this Its over her handling of a legal
case involving a police whistleblower

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Thu 23 Nov 2017 21:51:54 GMT

Author: Eamonn Sheridan

16
Trade ideas thread - Friday 24 November 2017

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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Thu 23 Nov 2017 21:45:13 GMT

Author: Eamonn Sheridan

New Zealand - Trade balance (October): -871m (expected deficit 760m)
NZ trade balance for October 2017
Deficit of 871m for the month
- expected -760m NZD
- prior -1143m
Exports for the month, NZD 4.56bn (expected 4.2bn)
- Imports NZD 5.43bn ( expected 4.95bn)

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Thu 23 Nov 2017 21:32:00 GMT

Author: Eamonn Sheridan

GBP traders - heads up for a BoE MPC interview Friday morning (UK time)

Professor Silvana Tenreyro is an External Member of the Monetary Policy Committee,

Bank of England
(Professor, Department of Economics, London School of Economics)

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Thu 23 Nov 2017 20:47:41 GMT

Author: Eamonn Sheridan

Mexico's Carstens says MXN is reflecting the possibility of a bad NAFTA outcome

Agustn Carstens, Governor of the Bank of Mexico (soon to be ex-governor)

- MXN is reflecting the possibility of a bad NAFTA outcome
- MXN could do better once uncertainty over NAFTA is resolved
Headlines via Bloomberg

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Thu 23 Nov 2017 20:36:46 GMT

Author: Adam Button

ForexLive Americas FX news wrap: Canadian retail sales slump

Forex news for North American trading on November 23, 2017:

Markets:
- EUR leads, CAD lags
- Toronto TSX down 3 points to 16,070
US Thanksgiving is usually one of the quietest days of the year in the forex market
and it earned the reputation today. Markets were generally flat.

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Thu 23 Nov 2017 20:15:27 GMT

Author: Eamonn Sheridan

Economic data due from Asia today

It's a fairly sparse calendar today, New Zealand to kick if off

2145 GMT - New Zealand - Trade balance for October
- expected deficit of 760m NZD, prior -1143m
2350 GMT - Japan - international securities flows for the week ended November 17
View More
Thu 23 Nov 2017 20:06:15 GMT

Author: Adam Button

ECB's Coeure: ECB deposit rate will stay at -0.4% for a long time

Comments from Coeure:

- Eurozone recovery is robust and homogenized
- Internal demand-driven upturn in Eurozone is satisfying

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Thu 23 Nov 2017 18:00:07 GMT

Author: Forex Live

Bitcoin holds up...for now, currencies hang tight

A quick recap on markets so far today

Thursday price action
was rather subdued, perhaps somewhat fitting given the Fed's upgraded concerns
about a prolonged period of low inflation as expressed by the Fed Chair late
Tuesday and then again echoed in Wednesday's Minutes.

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Thu 23 Nov 2017 17:43:50 GMT

Author: Adam Button

SNB's Jordan: Crypto currencies are more investments than currencies at present

SNB leader touches on crypto currencies

- Central banks are looking at crypto currencies intensively
The Swiss regulators have been more constructive than most on crypto currencies.

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Thu 23 Nov 2017 17:26:21 GMT

Author: Adam Button

USD/CAD bounces from support after weak retail sales report. What's next

USD/CAD technical analysis

The Canadian dollar is suffering from a string of bad data but the rise in USD/CAD
has been tempered by the US dollar's own woes. For most of the past month, they've
battled to a stalemate.

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Thu 23 Nov 2017 16:41:05 GMT

Author: Adam Button

European stock markets mixed on the day

Closing changes for the main bourses

- UK FTSE -0.1%
- French CAC +0.5%
- German DAX -0.1%
- Spain IBEX +0.1%
- Italy MIB +0.4%
We might be at the end of the retracement cycle in French stock markets.

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Thu 23 Nov 2017 16:31:06 GMT

Author: Adam Button

SNB's Jordan: Policy still aimed at weakening franc despite recent dip

Comments from the Swiss National Bank leader

- Maintaining constructive dialogue with US authorities about currency manipulation
- Franc still highly valued
- Interest rates not enough on their own to influence monetary conditions

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Thu 23 Nov 2017 15:23:47 GMT

Author: Adam Button

Mexican central bank sees fresh worries on inflation

Inflation is tough to find anywhere

There only seems to be one kind of inflation in the world -- FX driven weakness.
The minutes of the latest Mexican central bank meeting show that a majority of the
members thought the balance of risks to inflation had deteriorated.

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Thu 23 Nov 2017 14:36:38 GMT

Author: Adam Button

Villeroy: Me becoming ECB President is not a topic for discussion

The angling for ECB President is underway

Draghi started his 8-year term as President in October 2011 and he will depart in
November 2019 so the race to replace him is well underway.

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Thu 23 Nov 2017 14:01:04 GMT

Author: Adam Button

Belgian November business confidence +1.6 vs +0.5 prior

Another sign of optimism in Europe

Suddenly the optimism is taking hold and spreading.

View More
Thu 23 Nov 2017 13:59:29 GMT

Author: Adam Button

ECB's Villeroy: Eurozone recovery robust and broad-based

Upbeat comments from Villeroy

- French reforms should have significant impact on growth and unemployment
- Rise in global debt threatens growth
- Unilateral deregulation would pave way for next financial crisis
It's been a great day for Eurozone news with strong PMIs and upbeat ECB accounts.

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Thu 23 Nov 2017 13:30:05 GMT

Author: Adam Button

Canada Sept retail sales +0.1% vs +1.0% expected

Retail sales for September

- Prior was -0.3% (revised to -0.1%)
- Estimates ranged from +0.5% to +1.9%
- Ex autos +0.3% vs +1.0% expected
- Prior ex autos was -0.7% (revised to -0.4%)
Very poor numbers and USD/CAD has kicked higher to 1.2713. Autos and clothing were
particularly weak but were offset by categories associated with housing; building
materials and furniture were up 2.6% and 2.3%, respectively.

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Thu 23 Nov 2017 13:25:04 GMT

Author: Adam Button

There is no holiday in Canada today. Retail sales due up next

Canadian Sept retail sales due at 1330 GMT

There have been signs of a sudden slowdown in the Canadian economy in the past two
months. That's why today's retail sales report could be critical for the stance of
the Bank of Canada.

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Thu 23 Nov 2017 13:23:35 GMT

Author: Adam Button

South Africa leaves rates at 6.75%, as expected

South African Reserve Bank holds rates

- Economists universally expected no change in rates
- of the statement
- Decision was unanimous
- Central bank model implies 3 rate hikes of 25 bps each by the end of 2019

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Thu 23 Nov 2017 13:03:58 GMT

Author: Adam Button

South African central bank sees 2018 GDP at 1.2%, 2019 at 1.5%

South African Reserve Bank statement highlights

- Upside risks to CPI outlook have increased
- Risks to CPI include rand and oil prices
- Rand pressures offset by better 2018 food CPI outlook
Sounds like hawkish stuff but no change from the 6.75% rate is universally
expected. We will get a decision any moment on rates.
View More
Thu 23 Nov 2017 12:56:57 GMT

Author: Mike Paterson

Euro gains limited as ECB Minutes tell us little we didn't know

ECB Minutes eagerly anticipated but in effect delivered little of note 23 Nov
As is mostly the case with the Minutes' release there is more hype and expectation
than anything we don't already know from the meeting statement and indeed post-
meeting comments from gov council members.

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Thu 23 Nov 2017 12:31:24 GMT

Author: Mike Paterson

2
ECB Minutes: Some officials worried that a firm end of QE might cause tightening

ECB Minutes from 25-26 Oct meeting now out 23 Nov

- keeping QE open-ended had broad support but a few wanting clear end-date
- discussed bigger and smaller cut in QE purchases
EUR pairs gently higher on first sight of the release., Nothing I can see that we
don't already know.

View More
Thu 23 Nov 2017 12:26:50 GMT

Author: Mike Paterson

Coming up at the bottom of the hour: ECB Minutes

Yes folks, your next event risk off the rank at 12.30 GMT
Will the Minutes show a more hawkish bias then Draghi would have us believe ? The
euro bulls certainly hope so but do we know it all anyhow?

View More
Thu 23 Nov 2017 11:59:42 GMT

Author: Mike Paterson

ForexLive morning news wrap: Euro on the front foot as USD remains in retreat

Forex news for the European morning trading session 23 Nov 2017
Happy Thanksgiving to our US readers

View More
More Headlines
LON GMT 0:45:48SDNY+11 11:45:48NY -5 19:45:48TYO +9 9:45:48GMT 0:45:48
Top Forex Brokers

Must Read
Canada Sept retail sales +0.1% vs +1.0% expected
ECB Minutes: Some officials worried that a firm end of QE might cause tightening

Trading Session Wraps

Technical Analysis

USD/CAD bounces from support after weak retail sales report. What's next

Dollar moves lower as Fed hedges inflation bet

The GBPUSD is up testing trend line and 1.3300 level

European stocks end session mixed. 10 year yields little changed

Forex technical analysis: USDCAD runs to swing area

Forex Orders

More from the order boards 23 Nov

EURGBP orders 23 Nov - UK GDP and ECB Minutes in focus

GBPUSD orders 23 Nov -

EURUSD orders 23 Nov - PMIs and ECB Minutes in focus

USDJPY orders 23 Nov - Under pressure still after FOMC

Central Banks

GBP traders - heads up for a BoE MPC interview Friday morning (UK time)

ECB's Coeure: ECB deposit rate will stay at -0.4% for a long time

SNB's Jordan: Crypto currencies are more investments than currencies at present

SNB's Jordan: Policy still aimed at weakening franc despite recent dip

Mexican central bank sees fresh worries on inflation

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