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US durable goods for May 2016 Prior 3.4%. Revised to 3.3% Ex-transport -0.3% vs 0.1% exp. Prior 0.5% Ex-defense -0.9% vs 3.8%, Prior. Revised to 3.7% Cap goods orders non-def ex-air -0.7% vs 0.4% exp. Prior -0.6%, Revised to -0.4...
Japan's MOF delivering a G7 communique as this year's host nation 24 June 2016 will consult closely on market movements and stability central banks have taken steps to ensure liquidity excessive volatility in fx can have bad economic effects Elsewhere IMF boss Lagarde now joining the ever growing...
That's the one thing I hate about huge moves, it screws up your charts Now the dust has settled somewhat and we're only subjected to 100 pips swings instead of 800 pips swings, we can try and look at the picture we face now...
Oh dear Donald :-D Don't go shouting that too loudly around there Trump. *Glasgow kiss. PRONUNCIATION: (GLAS-go kis, GLAZ-)MEANING: noun: A headbutt: a strike with the head to someone's sensitive area (such as the nose...
WOW – What a CRAZY night!! After 43 years, Great Britain has voted to leave the EU. The financial markets seemingly misread the signals from the British public – and consequently have now reacted dramatically to this somewhat surprise result. Sterling (GBPUSD) fell almost 12% to lows @ 1...
The results of the UK’s EU referendum will remain the main focus throughout today and a key focal point for the coming sessions, days, and weeks. The true consequences to the UK’s economy and even the true impact on the global economy remain widely unknown...
Ewald Nowotny having his say We have hundreds of millions of euros to use against insufficient liquidity Is seeing stabilisation in markets after initial surprise If banks have Brexit trouble we will provide liquidity For now the initial reaction looks to have run its course...
A whole series of comments from various corners of the globe 24 June 2016 Russian central bank closely following markets Norwegian fin min - Brexit could drag down growth, must expect market turmoil Danish central bank head- have tools needed to defend EUR peg, will do whatever required Italian e...
Swiss National Bank confirm they have been active during Brexit outcome 24 June 2016 will continue to monitor and act when necessary No surprises as I highlighted the base case scenario in one of my earlier posts. On EURCHF I wrote: "While 1...
Brexit campaign leader and potential UK PM makes his press statement 24 June 2016 UK can find a voice in the world equal to that of 5th largest economy people in UK have spoken up for democracy in Britain and Europe Not everyone Boris but a majority at least...
Scotland's First Minister Nicola Sturgeon out on the wires 24 June 2016 wants to secure Scotland's place in EU Second Scottish independence referendum here we come if parliament judges 2nd referendum is best way to stay in EU then it must be held before end of EU exit talks 2nd referendum now hig...
The political snowball is starting to roll Cameron choosing to step down shows the inherent problem with this great country. So what if he was wrong in the path he chose? At least he stood up for his beliefs. I can't say I held huge respect for him but I hold even less now...
USD/JPY: We prefer to fade upticks towards the 106.25 area and look for a move below 103.55 to encourage our bearish view. Our targets are towards support near 102.10 and then the 100.70 area. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
The day after Brexit 24-06-2016 Opening DAX index future, almost 10% lower. Biggest market crash in recent history! https://www.youtube.com/watch?v=8qwP2sPnfS0...
Yesterday we posted our weekly analysis of USDCAD which you can review here. We stated that 1.265 should not be breached and as expected USDCAD bottomed right above that level at 1.267...
Bank of England governor Carney now up to the rostrum as expected 24 June 2016 BOE ready to provide GBP 250bln of additional funds economic adjustments will be supported by resilient banking system Yes because they've been shoring up their defences with cheap money rather than lend it on...
Let’s sit back and take stock on some of the major points that Fed Chairperson Yellen had made in two straight days of testimonies, shall we? Specifically, let’s take a look at Yellen’s views on the U.S. economy, the possibility of a Brexit, monetary policy, and the U.S. stock market...
Here's your economic data/event calendar for today 24 June 2016 Greetings one and all. A momentous occasion as the UK votes for Brexit and I for one am very pleased with the outcome on a variety of levels but the path ahead for the UK will be anything but smooth...
Brexit odds are rising: GBP/USD is crashing, things are looking cruel as more votes for leave are gaining ground. The initial big fall came from Sunderland after a push from Newcastle. Since then, the pound found some stability but fresh results push things lower. The low so far has been under 1...
USD/JPY was under pressure together with the strengthening of the Brexit cause. And when it looks more and more real, USD/JPY went all the way down to 98.82. But from there, a bounce to 101.50 is seen. Japanese officials have noted that FX movements are “rough”...
