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Aussie data Job vacancies for May, -1.9% m/m prior 2.7% Private Sector Credit for May, +0.4% m/m expected 0.5%, prior 0.5...
Market News
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Sherif Hasan, 30 June 2016, 06:48
ANZ data for June Activity Outlook 35.1 prior 30.4 Business Confidence 20.2 prior 11.3...
Market News
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Sherif Hasan, 30 June 2016, 06:47
Here's a piece in Bloomberg on China stockmarkets, and it isn't cheery: Shanghai Composite Index firms reported earnings per share for the past year that were 33% below what analysts had predicted 12 months ago The gap widened to the most since 2009 The gap , far outstrips the difference between...
Market News
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Sherif Hasan, 30 June 2016, 06:46
Some highlights from the latest 'China Beige Book' analysis on China's economy Economy bounced in Q2 from the slowdown in the previous two quarters (Q4 of 2015 and Q1 of 2016 were the weakest in the history of the beige Book report) Services and construction the bigger drivers of the bounce Servi...
Market News
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Sherif Hasan, 30 June 2016, 06:45
New Zealand Building Consents for May For the m/m, down 0.9% (prior +6.6% For the y/y, up 13% to an 11 year high From Stats NZ: consents for new dwellings are at a higher level than in 2015, but there has been little growth in recent months...
Market News
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Sherif Hasan, 30 June 2016, 06:44
GfK Consumer Confidence for June A beat, coming in at -1 expected -2 prior -1 This was a pre-Brexit vote survey (conducted June 1 to June 15...
Market News
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Sherif Hasan, 30 June 2016, 06:43
Japan preliminary Industrial Production data for May -2.3% m/m expected -0.2%, prior 0.5% And -0.1% y/y expected +1.9%, prior was -3.3...
Market News
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Sherif Hasan, 30 June 2016, 06:42
EURUSD: Having EURUSD closed higher on Wednesday, it could face further upside. This development if seen will aim at its key overhead resistance at 1.1130 zone. On the downside, support lies at the 1.1100 level. Further down, support comes in at the 1...
Analytics & Forecasts
  • 39, 30 June 2016, 03:32
OTTAWA (MNI) - The world after Brexit is one of heightened uncertainty with a higher risk of a global recession, which is "bad news" for most commodity-led countries and their currencies, T. Rowe Price Global Unconstrained Bond Fund Portfolio Manager Arif Husain told MNI...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 23:33 #forex
DNB Markets have updated their foreign exchange forecasts for the new post-Brexit world and the dollar and Scandis are the big winners...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 20:01 #EUR/USD
We're waiting for comments from two people The EU has made itself clear, it won't negotiate a new deal with Britain until an Article 50 notice. That might be posturing but it's the best we have to go on right now and it won't change imminently...
Market News
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Sherif Hasan, 29 June 2016, 19:56
ABN Amro sees slower British growth The economists at ABN Amro see 2016 relatively unchanged at 1.5% compared to 1.6 but a prolonged period of uncertainty will hurt 2017 growth badly. They now forecast growth at 0.5% next year compared to 2.5% previously...
Market News
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Sherif Hasan, 29 June 2016, 19:41
What a gift Brexit has been for those transferring euros into pounds - the rate has moved in your favour considerably. The question you may be asking is whether even better rates are coming your way? The rapid climb from 0.76 to 0.82 has certainly turned the outlook for the exchange rate positive...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 19:00
ING warn that pound sterling will reach levels of 'extreme' undervaluation against the euro over coming months while the euro is not at risk of a fall to parity against the dollar despite the threats to the EU posed by Brexit. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 18:57 #forex
Giving his latest strategic forecast for the US dollar vs Canadian dollar, Jeremy Stretch at CIBC Markets writes: Despite seeing the CAD trading on the defensive in yesterday’s session the failure of USD CAD to close above the 100-day MAV, (1.3087) is significant, at least in the short run...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 18:52 #forex
The gameplan from Morgan Stanley From MS: We stick to our trading strategy of using the current rebound to sell current account deficit and liability burdened currencies against the JPY, USD and the EUR. Our EUR constructive stance may surprise as we have been known for long as EUR bears...
Market News
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Sherif Hasan, 29 June 2016, 18:49
Credit Agricole on what's next Markets are stabilising after the brutal (and according to some market observers excessive) moves in the immediate aftermath of Brexit...
Market News
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Sherif Hasan, 29 June 2016, 18:34
European stock market close 29 June 2016 FTSE +3.2% Cac +2.4% Dax +1.7% Ibex +3.3...
Market News
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Sherif Hasan, 29 June 2016, 18:31
Another runner make an official entrance Liam Fox is the former Secretary of Defence and he's just announced he'll be running for the top job. Along with Stephen Crabb, they are the only people to have officially stated their intention to run...
Market News
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Sherif Hasan, 29 June 2016, 17:56
Weekly energy supply data from the EIA Prior was -917K Gasoline inventories +1367K vs -300K exp Distillates -1801K vs +625K exp Refinery utilization +1.7% vs +0.5% exp...
Market News
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Sherif Hasan, 29 June 2016, 17:54