President-elect Donald Trump's choice to head the U.S. Treasury, Steven Mnuchin, denied on Thursday that a bank he owned had profited at the expense of vulnerable homeowners in the aftermath of the 2007-2009 housing crash...
President-elect Donald Trump's shock comment that the dollar is too strong suggests the U.S. is about to declare as dead a two-decade policy of publicly favoring a strong currency. "There's no question that the Trump administration would not want a strong dollar...
Stocks and the dollar fell and gold rose on Tuesday as investors looked for safety after President-elect Donald Trump said the U.S. currency was too strong, while sterling jumped as UK Prime Minister Theresa May promised Parliament a vote on Brexit...
On Monday, Taiwan stocks traded higher after the close, as revenues in the Machinery, Electronic Parts/Components and Optoelectronic sectors brought shares higher. In Taiwan, the Taiwan Weighted gained 1.14% at the close...
Forex Trading News Economy Finance THE ECONOMIC WEEK AHEAD July 25, 2016 | https://www.hotforex.com/?refid=13632 United States: The economic calendar starts off gradually with the release of the Dallas Fed index (Monday),seen rising to -10.0 in July from -18.3...
Risk aversion rising US stock futures point to an 11 point decline in the S&P 500 as the market sours, once again, on the Brexit uncertainty. The main focus is on the breakdown in cable but the dollar has come under some independent pressure in the past 30 minutes. USD/JPY quickly fell to 101...
Not all is bad in the UK: manufacturing PMI has jumped to 52.1 points, showing growth in this beleaguered sector. The survey was made before the Brexit vote and therefore may be somewhat outdated...
BoE Monetary Policy Guidance: Summer Rate Cuts Coming - RBS Research Team at RBS, notes that the Bank Of England Governor, Mark Carney, has given a clear indication that the BoE will cut policy rates over the next few months and is primed to sanction additional easing measures: ‘The economic outl...
GBPUSD to 1.3245 from 1.3425. EURGBP 0.8380 from 0.8275 He's waffling on now about the possible effects of Brexit on the economy and the BOE's role in getting through it. The seed is sown though. They'll talk in July and maybe act in August...
Australia goes to the polls about a week after Brexit. This could shape the direction of the Aussie while the world is not looking...
AUD/USD uptrend continues The Australian dollar is taking advantage of the continues improvement in risk sentiment. AUD/USD edged through Monday's high of 0.7451 before slipping back. The pair is clearly in a consolidation phase after a 350 pip post-Brexit fall...
Australians go to the polls on July 2nd, and for a change, this could be a market moving event...
The US releases its final GDP for Q1 2016. A small upgrade is expected. The actual results is 1.1%, slightly better than 0.8% expected. Within the components, we do have a miss on personal consumption, with a downgrade to 1.5%. This is not good news. Sales did beat with 1.3% against 1.2% expected...
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...
After the Brexit, we had a sharp fall of the pound with a significant bounce...
After Brexit won, we had huge volatility. However, it is far from over as scrambling continues around European capitals. And also for the pound things could get ugly...
The Brexit / Bremain vote is upon us, with wide ranging implications...
Your Economic data/Event calendar for today 21 June 2016 Greetings one and all and welcome to Tuesday's edition of Brexit poll countdown. Not a lot on the data front again but that's not stopping the fun n games particularly on GBP related pairs...
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...
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...
