With thanks to Ahsan in the comments for the reminder! Global Dairy trade auction in London time today Recent results: What's expected? The futures market is showing lower prices for whole milk powder...
Economic trading data for 5 July 2016 Good morning all. As we wait for the men down under, here's what's on the card for today. Economic data...
Trade USD/JPY Summer Relief - SocGen From Societe General: USD/JPY likely to bounce before next risk-off move. Summer could be quieter with delayed risks. Financial markets experienced severe dislocations around the Brexit vote...
Rystad Energy estimates US has 264 billion barrels of oil The Norwegian energy consultancy Rystad Energy said US reserves are slightly larger than Russia (256B barrels) and Saudi Arabia (212B barrels) accounting for existing fields, discoveries and fields yet to be discovered...
From Credit Suisse: We are lowering our 3m EURUSD forecast to 1.05 from 1.17 previously, reflecting the likely growth spillover into the wider European region from the UK's woes...
June 2016 Spanish unemployment report 4 July 2016 Prior -119.8k Registered unemployed falls to the lowest since Sep 2009, leaving 3.77m unemployed. There's some seasonality involved as the tourist sector often ramps up hiring for the holiday season...
June 2016 UK Markit/CIPS construction PMI data report 4 July 2016 Prior 51.2 Housing activity 43.8 vs 51.0 prior The headline drops to the lowest since June 2009 and the first contraction. since April 2013 New orders and residential construction to the lowest since Dec 2012...
Bank lending standards survey from the Bank of Canada Credit conditions tightened Conditions tightest since 2009 Pricing 12.6 vs 5.2 prior Non-pricing conditions 35.2 vs 7.6 prior...
Highlights of the Bank of Canada business outlook survey Prior was 16.00 Prospects 'remain dim' among energy-related firms Prospects are more solid outside the affected oil regions and sectors Sees further investment cuts at oil companies...
Brexit moves now a memory The commodity currencies were tossed out with the Brexit result but the market has subsequently had second thoughts. The New Zealand dollar is leading the way and has essentially erased Brexit decline with five consecutive days of gains. A close above 0...
Closing changes for the main bourses: German DAX -0.7% UK FTSE -0.8% French CAC -0.9% Italy MIB -1.7...
Details from the May 2016 Eurozone PPI data report 4 July 2016 Prior -0.3% -3.9% vs -4.1% exp y/y. Prior -4.4% Energy prices rose 1.7% and I'd suggest we're now going to start seeing the rise in oil prices being reflected in price data. In the 28 states it rose 2.8% vs -0.4% prior...
Another solid jump in y/y vehicle registrations noted by the KBA Total registrations 8.4% vs 11.5% prior y/y YTP 7.0% vs 6.7% prior From the breakdown; Car registrations +8.3...
USD/CAD technical analysis The commodity currencies are the top performers today and that's pushed USD/CAD down 50 pips to 1.2862. The pair has been in a steady downtrend since rising over 1.31 last Monday. The declines continues to eat into the Brexit rally and now the 61.8% retracement at 1...
Welcome to the second half of the year! Can you believe we only have another six months to go this year? Let’s take a quick look at the major economic themes that rocked the forex markets in Q2 2016 to complete your H1 2016 analyses...
Investors are still in the process of sorting out the ramifications of the surprise pro “Brexit” vote which created extreme volatility in the markets...
The Australian election, held on Saturday, has still not been called, it is too close. Here are the facts: To form a majority government a party needs to win 76 seats Each of the major parties has won 67 seats so far 5 seats have been won by minor parties or independents so far...
The Australian national election polling booths have now closed 2 July PM Malcolm Turnbull and opposition Labour Party leader Bill Shorten both say they are confident of a victory but concede the result could be tight Malcolm Turnbull ,the leader of Australia's conservative Liberal Party-led Coal...
Jens Weidmann, head of Germany's central bank (the Bundesbank) says "The Brexit vote is no reason to loosen budget rules" Weidmann was speaking in an interview with 'Focus' magazine...
S&P up 3.22% on the week. The US major indices are closing the week up nicely. The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15...
