Moody's cut German banking outlook to negative from stable as profitability weakens

21 Nov 2019
Deposits are proving to be costly for German banks
ForexLive
Moody's just their outlook for the German banking industry to 'negative' from 'stable', as they expect German banks' profitability and overall creditworthiness to weaken in a low interest rate environment.
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European pre-market: Major currencies little changed after earlier caution

21 Nov 2019
The lack of movement belies sentiment in the market
ForexLive
At first glance, you would think that the currencies market is sleeping once again with almost no change observed across the board. Dollar pairs are <0.1% changed, keeping within 10 pips of their closing levels yesterday.
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Japan October final machine tool orders -37.4% vs -37.4% y/y prelim

21 Nov 2019
Latest data released by the Japanese Machine Tool Builders' Association
here
ForexLive
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Trade ideas thread - European session 21 November 2019

21 Nov 2019
Daily thread to exchange ideas and to share your thoughts
Softer headlines overnight weighed on risk trades only for China's Liu He to help out with sentiment a little after saying that they remain "cautiously optimistic" over a deal.
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Nikkei 225 closes lower by 0.48% at 23,038.58

21 Nov 2019
Asian equities dragged lower on softer US-China trade rhetoric
The Hang Seng is down by 1.6% amid continued protests in the city of Hong Kong while the Shanghai Composite is down by 0.4% at the moment.
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Recap: US-China trade headlines from overnight trading

21 Nov 2019
For those who are catching up on the trade rhetoric this morning
I have mentioned it before, but China's silence on the matter is telling considering how buoyant they were right after the trade meeting in Washington last month.
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Heads up: New launch of flash PMI readings for the UK starting tomorrow

21 Nov 2019
Markit and CIPS will be releasing flash readings for UK manufacturing PMI and services PMI starting from tomorrow
Subsequent releases for the data will be at 16 December 2019 and 24 January 2020.
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Economic data coming up in the European session

21 Nov 2019
The push and pull in the trade rhetoric will continue
Quite frankly, I still think that talks are on the ropes right now but we'll see how things play out ahead of the weekend.
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Japan September all industry activity index +1.5% vs +1.5% m/m expected

21 Nov 2019
Latest data released by METI - 21 November 2019
- 0.0%
ForexLive
Slight delay in the release by the source. The data is often referred to as the monthly GDP reading, it's a tracker production across all sectors of the Japanese economy and follows the GDP growth figures/trend.
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Former PBOC Gov says China still has room for further rate cuts

21 Nov 2019
The headline is the good news, but its the next bit that is not so cheerful ...
Reuters with the remark from former governor Zhou Xiaochuan
ForexLive
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