I'll keep this brief, if you want a detailed nitty gritty timetable of when, for example, Upper Kumbuckta West will declare, this ain't it. Forget Shakespeare, this is the question: Should the United Kingdom remain a member of the European Union or leave the European Union...
The results of the Reuters Tankan survey for June. Via, errr, yeah, Reuters. Headline results: June manufacturers' sentiment index +3 vs +2 in May Service-sector firms' index hit three-year low of +17 (from 19 in May...
Coming up during the European session on Tuesday, something to keep an eye out for Germany's constitutional court rules on the legality of the European Central Bank's outright monetary transactions (OMT) scheme The OMT gives the ECB powers to buy the debt of financially strained member countries...
The UK Telegraph report: George Osborne refuses to rule out suspending trading on the London stock market if Britons vote for Brexit Also suggested that redundancy notices could be issued hours after Britons vote to leave the EU at the vote Chancellor osborne speaking in an LBC radio interview on...
Legendary trader George Soros writing in an op-ed for the Guardian newspaper British voters "grossly underestimating" true costs of Brexit Says value of pound would "decline precipitously" in the event of a Brexit Sterling almost certain to "fall steeply and quickly" if Britain votes to leave EU...
Here are the 2 polls just out, in the order they hit: Brexit poll: ORB 53 remain, 46 leave Next Brexit poll - NatCen: 53% Remain, vs. 47% Leave YouGov Brexit poll: 42 % Remain vs. 44% Leave GBP on the 'Remain' winning results (the first two to hit) ... a bit of a pop...
USD/JPY flat despite risk rally The conditions are nearly perfect for a rally in USD/JPY but the pair is stubbornly soft. A rally to 104.85 earlier has been beaten back and the pair is at a session low of 104.24, virtually erasing a gap higher at the open...
Japanese exporters halt yen-buying - Nikkei Asian Review The Nikkei Asian Review reports that Japanese exporters have cut yen buying because of the post-BOJ jump last week. The story is what may be hitting USD/JPY now. The pair has dropped 30 pips in a flash and took out 104.00...
Talk that today's polls will be released in about 4 hours Just what this crazy market needs is two polls showing the 'leave' side way ahead...
Results of the US 2-year note auction Was trading at 0.740% on the bid side in the when issued market Prior was 0.920% Bid to cover at 2.72 vs 3.00 prior The market has shifted a long way from a month ago when the Fed was stoking rate hike talk...
Retail brokers are tightening up ahead of the big vote It's almost becoming a daily event that the emails get pinged around from brokers warning of margin changes. IG will be increasing GBP fx pairs margins to 6% from 14.00 GMT Wednesday...
Why Trump is down to his last strike and has replaced his campaign manager The path to the White House for Donald Trump was clear...
Closing gains/losses in the main bourses UK FTSE +3.1% German DAX +3.5% French CAC +3.6% Spain IBEX +3.4...
Which indicators are good at predicting recessions Economists are horrible forecasters. It's so bad that the Fed's own James Bullard says they should quit altogether because the public is so-often sent the wrong signals. The WSJ surveys economists monthly and the latest reading is 21...
S&P 500 erases last week's decline In a few minutes of trading, the S&P 500 erased last week's 1.2% decline. The index is up 26 points to 2097. That's the largest gain since a 28 point rally on May 24...
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...
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...
