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99.2% Probability Gold Will Reverse From Bullish to Bearish According to the Theory of Runs that I explained in a previous blog (HERE) their is a 99.2% probability that tomorrow Gold will end Bearish with a black falling candle. Here is the Daily chart...
How Fed estimates changed 2016 growth downgraded to 2.0% from 2.2% in the March projection 2017 growth downgraded to 2.0% from 2.1% It's officially a 2% economy (and the Fed has a history of overestimating) Unemployment forecasts for 2016 and 2017 unchanged...
Highlights of the FOMC interest rate decision June 15, 2016 Rates left unchanged in 0.25% to 0.50% range Labor market slowed since April meeting despite economic pickup Expects labor market indicators 'will strengthen' Repeats that economy to warrant only gradual hikes...
No chance of a hike today but the odds rise in the year ahead The Fed doesn't like those numbers so low. My best guess is that the Fed is a bit hawkish to preserve the possibility of a June hike. The non-farm payrolls report looks like an outlier...
Where the Fed stands "Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative...
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European stock market close 15 June 2016 FTSE +0.7% Cac +1.0% Dax +0.9% Ibex +1.5...
ECB's Jens Weidmann speaks in Frankfurt We must give agreed stimulus time to show effects Doesn't see any signs that ECB's credibility has been hurt by low inflation Inflation target is appropriate Expansive policy is needed for the foreseeable future...
If there's one thing that's featured heavily over the past few years, it is Fed excuses not to do something Weather, housing, jobs, international markets, dog ate the dot plot, you name it and they've used it...
Deutsche Bank: Mixed Message. We expect the tone of the June FOMC statement to be mixed: Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
NZDUSD broke out an old high at 0.705 last week. Since then, it has been showing weak action seen by the stalling prices and high volume, and today, a low volume rally to the breakout’s price...
An Ipsos Mori poll run in Scotland by STV For crying out loud can no one get these polls right. The figures from Mori are 58% stay 33% leave...
US MBA mortgage market index week ending 10 June 2016 Mortgage index 507.7 vs 520.4 prior Purchase index 237.6 vs 249.9 prior Refi index 104404 vs 2070.8 30yr mortgage rate 3.79% vs 3.83% prior...
FOMC Statement and Economic Projections will take place today at 7.00pm BST, shortly followed by the Press Conference at 7.30pm BST...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, June 15th GBP/USD has recovered slightly after six-day consecutive fall. After visiting nine-week low near area of 1...
Latest Chinese lending data out from the PBOC 15 June 2016 yuan lending yy +14.4% vs +14.2% exp new yuan loans 985.5bln yuan vs 750bln exp fx deposits $658bln vs 666.8bln end-April outstanding total social financing up 12.6% yy end-May...
Details from the May 2016 UK labour market report 15 June 2016 Prior -2.4k. Revised to 6.4k. Apr ILO unemployment rate 5.0% vs 5.1% exp. Prior 5.1% Apr average weekly earnings 2.0% vs 1.7% exp 3m y/y. Prior 2.0% Ex-bonus 2.3% vs 2.1% exp 3m y/y. Prior 2.1%. Revised to 2.2...
Better than expected UK wages/jobs data sees GBP rally 15 June 2016 GBPUSD has been up to test the 1.4200-20 offers/res I highlighted but stalled at 1.4215 so far. Let's see if we get a second wave. Currently 1.4202. EURGBP had a look below 0.7900 again but has bids/support still lined up into 0...
Japan's Deputy chief cabinet secretary Seko: Desirable for UK to stay in EU Government closely watching markets including impact from UK referendum No comment on specific FX levels related to Brexit vote There are volatile moves in financial markets...
