All Blogs

Here's some quick thoughts on what the BOE may choose to use Firstly, I'm not pulling a rate cut off the table but I think it's a low probability, just from assessing Carney's comments and tone...

Into the Q&A All MPC members are committed to discharging their duties whatever the Government Bank can react more rapidly than other institutions This meeting is part of our communication Bank can meet any time and make a decision...

Here's the speech link and the pertinent parts Here's the main important part of the speech. "The Committee will make an initial assessment on 14 July, and a full assessment complete with a new forecast will follow in the August Inflation Report...

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...

BOE's Carney impromptu speech Economic outlook worse MPC will make initial assessment at July 14th meeting and make a decision at August meeting Uncomfortable truth that the BOE cannot fully offset a large economic shock from leaving the EU BOE will hold ILTR repo operations weekly rather than mo...

Theresa May is the prohibitive favourite to be the next Prime Minister Even before Boris Johnson dropped out, Theresa May was the betting favourite. A poll put Johnson as the only person within striking distance. Now betting sites put her as a relative shoe-in...

EUR/NZD Analysis for June 30, 2016 Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line...

U.S. Weekly Jobless Claims Rise From Nearly Two-Month Low Reflecting a rebound from a nearly two-month low, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose by a little more than expected in the week ended June 25th...

Gold Analysis for June 30, 2016 Since our previous analysis, gold has been trading sideways at the price of $1,318.50. According to the 30M time frame, I found the key point of control from the massive bullish day in the background is set at the price of $1,317.50...

Another survey from Reuters June output up 250kbpd Output led by Nigeria, Iran, Saudi Arabia and UAE Higher output held back by lower production in Iraq and Venezuela The rally this year looks like it's taking a pause as we knock around between 46 & 51...

Canadian monthly GDP Prior was -0.2% Goods -0.1% Services +0.2% Canada is one of the few countries to report on GDP every month. This is the first gain after two straight months of declines...

Gold Slides Near $1320, Fed's Bullard In London Gold futures eased Thursday morning as stocks were set to pause after a volatile period brought on Britain's vote to leave the European Union. It appears the worst of the Brexit crisis has passed, but traders remain attracted to gold as a safe haven...

US initial jobless claims week ending 24 June 2016 Prior 259k. Revised to 258k Continued claims 2.120m vs 2.150m exp. Prior 2.142m. Revised to 2.140m 4 week average 266.75k vs 267.00k prior. Revised to 266.75k As near as straight down the line as you can get it...

FTSE 100 On UK index, FTSE100 we expect more gains in the short-term as the recent minor pullback appears to be a wave four within an uptrend. We are looking for wave five to rally towards 6350-6400...

Chinese Caixin Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China...

EURUSD Daily Analysis EURUSD (1.11): EURUSD has been bullish for the past three consecutive days with yesterday’s price action filling the gap from June 24 closing price at 1.1105. Price action is now seen challenging the 1...

USD/CAD Trade Idea Major Support – 1.2920 (90 4H EMA) Loonie has slightly recovered after making a low of 1.29310. It is currently trading around 1.2949. Short term trend is bullish as long as resistance 1.31204 (Jun 27th 2016 high) holds. Any break above 1.3125 will take the pair to next level 1...

Australia goes to the polls about a week after Brexit. This could shape the direction of the Aussie while the world is not looking...

GBP/USD is trading back at the 1.35 handle, around 400 pips off the lows seen on Monday. The reaction to Brexit was brutal but the correction is quite spectacular as well. What’s next for the pound? Will it continue higher or is the recovery over...

Brexit has hit the pound hard but the euro is doing quite well. Here is their view, courtesy of eFXnews: Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground...