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The fallout from Brexit is far from over. Bank of America Merrill Lynch sees further falls and explains: Here is their view, courtesy of eFXnews: Rarely in UK political history has there been a situation where there has been a concurrent leadership contest in the two largest parties in Parliament...
EUR/USD is struggling with Brexit and there is more potential to the downside. And that’s not the only reason. Here is their view, courtesy of eFXnews: We are lowering our 3m EURUSD forecast to 1.05 from 1...
UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound...
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...
Takes out lower trend line on hourly chart. Timber The GBPUSD just took out the lower trend line which held briefly at 1.3090 area, and we are seeing further selling as traders throw in the towel. With the price trading at lowest levels since 1985, there is not a whole lot to hang onto...
A majority of Conservatives support May YouGov polled Conservative members from July 1-4 and found that Theresa May begins the leadership race as an overwhelming favourite. T. May: 54% A. Leadsom: 20% M. Gove: 9...
July 5th, 2016: The JPY is the strongest. The GBP is the weakest. As North American traders enter for the day, the JPY is strongest currency, while the GBP is the weakest. The GBP has obviously found it's trend from comments from BOE's Carney who continues to speak of "action...
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...
Carney presser following the release of the FPC's Financial Stability report BOE will be straight with the British people Now likely that adjustments in commercial real-estate and will tighten credit conditions There is growing evidence that post Brexit uncertainty has delayed decisions on invest...
Latest BOE Financial stability report Will reduce counter cyclical capital buffer to 0.0% from 0.5% with immediate effect until June 2017 at the least CCB cut will reduce buffer by £5...
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...
GBPUSD: The pair looks set to resume its broader medium term weakness following its sell-off during Tuesday trading session. On the downside, support lies at the 1.3050 level where a break will turn attention to the 1.3000 level. Further down, support lies at the 1.2950 level...
1. They keep faith in their abilities during times of drawdown. Despite what less experienced traders may think about professional traders, everyone has losing streaks at some point in time...
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...
Trade_mode: Select trade option. STOP_ORDER_BREAK. MARKET_ORDER_BREAK. STOP_ORDER_PULLBACK. MARKET_ORDER_PULLBACK...
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...
