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Former BOE Financial Stability Head John Gieve speaking to Bloomberg 20 June 2016 while Brexit could mean interest cuts or other stimulus to support growth the Governor may also have to be wary of increasing falls in the pound There will be a shock to demand, so that means there will be something...
Brexit talk will dominate The economic calendar won't be the source of much drama today. Scheduled news includes minor data and a couple speeches. It starts at the bottom of the hour with Canadian wholesale trade sales at 8:30 am ET (1230 GMT). The consensus is +0.5% after a -1.0% fall in March...
Canada April wholesale trade sales data First gain following two months of declines Prior was -1.0% (revised to -0.8%) Weak on the headline but a touch stronger on the revision. Inventories -0.3...
S&P 500 futures up 27.5 points European stocks are soaring and the US market is slated to follow suit. Bourses across Europe are up 2.8% to 3.7% as the odds of a Brexit tumble. The US market is slated to gain about 1.3% at the open after a 1.2% decline last week...
Summary : Target Level : 0.7496 Target Period : 2 days Analysis : Channel Down has broken through the resistance line at 20-Jun-00:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 0.75...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 20th GBP/USD jumped for more than 100 pips this morning...
Pound buyers prevailing as European trading unfolds 20 June 2016 Highs now of 1.4672 for cable after a test of the 1.4550 support/area that I highlighted earlier. More layers of offers/res into 1.4680-1.4700/20 with stops above if breached. EURGBP has broken down through the 0...
The main event this week will be the long awaited UK’s EU referendum. Considered by many to not only be the single biggest trading event this year but potentially the biggest planned risk event ever, Thursday is set to be a historic day and the referendum a once in a lifetime trading opportunity...
Mr K on Bloomberg. Is he saying his cup is half full or half empty...
USD: Back to Bullish. Bullish. We expect volatility to increase this week, keeping the USD bid as investors demand for safe haven assets...
BOJ governor Kuroda back across the wires 20 June 2016 inflation expectations observed in practice are highly sticky and change only slowly firmly stabilising inflation expectations at desired level represents and unprecedented difficult challenge changing deflationary mindset absolutely necessar...
By Peter Brandett I have absolutely no control if the next trade or series of trades will be profits or losses. However, with a proper Trade Management process, I know that I only have control over: The patterns I identify as trading opportunities – do they meet a certain standard...
Positive tones as expected on Brexit fears abating 20 June 2016 FTSE +2.1% DAX +2.4% CAC40 +2.6% FTMIB +1.6...
China's fx regulator,SAFE, out with their latest data 20 June 2016 Jan-May total sales USD 161bln This is effectively the level of PBOC intervention which is executed through the banks. Lesser activity as already highlighted the slower pace of FX reserve reduction. Says SAFE...
UK bookmakers Betfair move the odds out on Brexit 20 June 2016 implied probability of a Remain vote at 72% vs 65% on Frday No surprises given the latest news and probably already factored in to the GBP price...
Positive tones for equities as Brexit fears subside 20 June 2016 DAX futures +3.2% CAC40 +3.2% FTSE +2.8...
IMF deputy MD Lipton speaking on Japan after Article 4 meetings 20 June 2016 flexible exchange rate system serves Japanese economy well. Abe and Kuroda may fail to see the positives methinks difficult to spur inflation without raising wages 2% inflation unlikely in 2017...
Positive tones for equities as Brexit fears subside 20 June 2016 +365.64 open 15839.06 high 16035.44 low 15835.86...
Japan May department store sales data 20 June 2016 Tokyo dept store sales yy -4.5% vs -1.5% Weak data helping to confirm that Abe was right to delay sales tax hike. Meanwhile Nikkei up +2.41% at 15980.51 heading into the close. USDJPY 104.62...
The pound has rallied strongly since Friday as Brexit fears subside 20 June Strong rally since the move began late in NY as a combination of poll results and general sentiment emanating from the tragic murder of Jo Cox has lent itself to some short covering. GBPUSD has posted 1...
