Factory orders and a speech from Dudley later It's always nice to return from a long weekend to a light economic calendar. The market is trying to find its legs as cable takes a fresh beating. There were worries about Carney and the services PMI but the news was ho-hum...

EURGBP cracks 0.8500 And that's sent cable down to test 1.3100. There's news arriving that yet another fund is halting exiting from it's property fund. Aviva is reported to have said it will suspend selling due to "extraordinary circumstances" (that old chestnut...

EURGBP cracks 0.8500 And that's sent cable down to test 1.3100. There's news arriving that yet another fund is halting exiting from it's property fund. Aviva is reported to have said it will suspend selling due to "extraordinary circumstances" (that old chestnut...

It's time to clarify some things about Brexit Going by some of the comments there have been about Brexit you'd think the UK will resemble a world akin to something from the Mad Max films. Let's be straight about a few things. No one is saying there won't be any economic fallout...

Details from the June 2016 UK Markit/CIPS services PMI data report 5 July 2016 Prior 53.5 New orders 52.3 v s53.5 prior Composite 52.4 vs 52.0 exp. Prior 53.0 New orders 53.0 vs 51.5 prior...

Details from the June 2016 French Markit services PMI data report 5 July 2016 Prior 49.9 New orders 50.3 vs 51.7 prior Composite 49.6 vs 49.4 prior New orders 49.6 vs 51.0 prior...

Details from the June 2016 Italian Markit/ADACI services PMI data report 5 July 2016 Prior 49.8 New orders 52.1 vs 51.0 prior Composite 52.6 vs 50.8 prior New orders 52.7 vs 51.4 prior...

EURUSD jumps to 1.1186 as Italy looks to prop up bits banks The Italian banking sector worries have been calmed with news that Italy is looking to prop up its banks...

Details from the June 2016 Spanish Markit services PMI data report 5 July 2016 Prior 55.4 New orders 55.7 vs 54.3 prior Composite 55.7 vs 54.6 prior New orders 54.5 vs 53.5 prior...

Following the collapse of the construction PMI there's going to be some nervousness around the services PMI GBP longs beware! Yesterday's construction PMI was a very loud warning bell for Brexit related economic fallout...

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The Nikkei is a little lower 225 down around half a percent USD/JPY a tad soft ... chart looks dramatic 'cause of the scale: ... ah well, **** it - chart won't load into the post Chart is on the tweet if you want to see it AUD, NZD, EUR all a wee bit lower against the USD...

Yen gains are continuing There isn't any new fresh news out Prices elsewhere...

Retails sales expected +0.3% prior was +0.1%, revised from +0.2% The Australia Bureau of Statistics report: In seasonally adjusted terms, there were rises in food retailing (0.7 per cent), other retailing (1.4 per cent) and cafes, restaurants and takeaway food services (0.3 per cent...

Australian trade balance for May, -$2218mln expected deficit of 1700m, prior -1579m Goods and services exports up 1% m/m and imports up 2% m/m (sa) Says the Australia Bureau of Statistics: In trend terms, the balance on goods and services was a deficit of $1,885m in May 2016, a decrease of $290m...

New business fell the fastest in almost five years, from 50.4 previously to 47.3 Services below 50 for the first time in two months Yen appreciation cited as hampering sales April earthquakes also adversely hit demand China uncertainty...

The Australian election was on Saturday Counting was done on Saturday night and then stopped for Sunday and Monday Its restarted again today Still nothing conclusive Via the ABC (Australia's public broadcaster and home of the country's best election analyst, Antony Green...