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EUR/USD. We are adjusting our EUR/USD forecasts in line with what we communicated before and immediately after Brexit. We now forecast EUR/USD at 1.09 in 1M (1.11 previously), 1.07 (1.10) in 3M, 1.10 (1.14) in 6M and 1.14 (1.18) in 12M. Copy signals, Trade and Earn $ on Forex4you - https://www...
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. There is no change to the bearish EUR view; the current movement is viewed as a short-term consolidation phase which should lead to further EUR weakness towards 1.0820 in the coming days GBP/USD: Bearish: A move to 1...
Sailing into the unknown: FX markets were surprised by the Brexit vote. The implications of the referendum result are hard to nail down, but we expect them to be negative in most scenarios...
EURJPY: The pair remains biased to the upside on correction though retaining its broader medium term downtrend. Support comes in at the 113.00 level where a break will aim at the 112.50 level. A turn below here will target the 112.00 level with a breach turning focus to the 111.50 level...
June 2016 Eurozone economic sentiment and final consumer confidence report 29 June 2016 Prior 104.7 Business climate 0.22 vs 0.26 exp. Prior 0.26 Industrial sentiment -2.8 vs -3.4 exp. Prior -3.6 Services sentiment 10.8 vs 11.0 exp. Prio r11.3...
UK mortgage approvals and consumer credit data Prior 66,250. Revised to 66,205 Mortgage lending 2.842bn vs 2.200bn exp. Prior 0.281bn. Revised to 0.112bn BOE consumer credit 1.503bn vs 1.400bn exp. Prior 1.287bn. Revised to 1.294bn credit card lending 418m vs 333m prior. Revised to 326m...
European equity rally is bringing a few euro sellers out of the woodwork 29 June Funding currency correlation returns along with some Brexit fallout concern...
More German regional CPI readings 29 June yy-0.1% vs -0.2% prev Hesse mm -0.1% vs +0.4% prev yy 0.0% as prev Bavaria mm +0.1% vs +0.4% prev...
Spanish June CPI report 29 June 2016 yy -0.8% vs -0.9% exp vs -1.0% prev HICP flash mm +0.4% vs +0.3% exp vs +0.5% prev yy -0.9% vs -1.0% exp vs -1.1% Stronger than expected inflation data will be welcome news but still wobbly...
Saxony June CPI report 29 June 2016 yy+ 0.4% vs +0.1% prev ex-fuel/heating mm +0.1% yy +1.0% ex energy/seasonal foods mm+0.1% yy +1.4% Lower mm. Higher yy. First of the German regionals with whole of German CPI out at 12.00 GMT...
Can you believe it’s only been four days since Britain has officially voted OUT of the EU? Over the past couple of days the U.K. has lost its Prime Minister, companies have lost millions (if not billions) in financial market losses, S&P and Fitch have downgraded the U.K...
Positive tones following on from the futures market 29 June 2016 FTSE +1.4% DAX +1.2% CAC40 +1.2% FTMIB +1.6...
European Central Bank vice-president Constancio talking to CNBC 29 June Inspired. Just where does he pull these huge insights from?! must wait some days to see market development post- Brexit fundamentals have not changed for banks after Brexit Thanks for popping in. See yourself out...
Positive session for Japanese equities 29 June 2016 +243.69 open 15523.35 high 15626.66 15398.31...
Your Economic Data/Events Calendar for today 29 June 2016 Sad news to greet me this morning, as if we needed reminding how fragile is this world of ours right now, and seemingly on a downward spiral. Busy data calendar ahead. As always I wish you a good session. Times GMT...
More details from last night's attack 29 June 2016 My sad duty to report another tragic event, this time at Istanbul's Ataturk airport 3 attackers opened fire near entry point to terminal then blew themselves up PN Binali Yildirim said early signs suggested the so-called Islamic State was behind...
Apparently there is this little rainy island off the coast of France, and its currency (big round stones with a hole in it) has 'reserve status' Go figure...
USDCHF: With continued upside pressure seen, more strength is envisaged. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level...
Investment bank JPMorgan have updated their latest foreign exchange forecasts in reaction to the Brexit event. Naturally, the biggest focus of the forecast changes would be felt by the sterling complex owing to the risk scenario that Brexit implies over coming months. Q3 targets are 1...
