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The euro remains under modest downward pressure against the US dollar following the Brexit vote.  The negative spill-over impact from the Brexit vote will weigh more heavily on the euro-zone economy than the US economy. The clearest negative

This from China's Securities Times, a front page commentary (h/t to MNI for the article): The unexpected rise in forex reserves in June may indicate that the Chinese central bank has stopped regular intervention in the foreign exchange market

Barclays: For the June US employment report, we expect nonfarm payrolls to rise by 175k , private payrolls to increase by 170k, and government payrolls to rise by 5k. A number in line with our expectation would represent a modest rebound in

Bottom line:  Political uncertainties due to Brexit and European bank's recapitalization needs put the EUR under moderate selling pressure. Removing these uncertainties could see the EUR rebounding with commercial EUR buying providing support

Markets are stabilising after the brutal (and according to some market observers excessive) moves in the immediate aftermath of Brexit.  Investors are starting to ask whether the summer lull associated with tighter trading ranges and subsiding

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. At the same time, USD and JPY – arguably

The USD response to the UK's decision to exit the EU marks a shift in how the greenback trades with risk appetite . For most of last year and until just recently the dollar behaved like a pro-risk currency being positively correlated with

Hedge fund legend George Soros thinks the vote for a British exit from the European Union is bringing calamity to the world's financial markets. "Unfortunately, Brexit has not only created an opening to reinvent the European Union — it has also

As a function of the UK's "Leave" decision at the June 23 Brexit referendum, our economists have materially downgraded their expectations for the UK and European economies vis-à-vis the rest of the world. In the same context, we are making material

In a veritable frenzy of forecasting banks have been busy revising their targets in light of the climactic change caused by Brexit The EUR/GBP pair spiked higher after Brexit, from a pre-result low of 0.7595 to a post-result high of 0.8383, it is

You can learn a lot from how rich people handle their money. The very rich — those with investable assets of at least $3 million — have a lot in common when it comes to their financial management, according to a recent survey of nearly 700

Czech President Milos Zeman has called for the Czech Republic to hold a referendum on its membership of the European Union and NATO following Britain's shock vote to leave the EU, though he said he backed his country staying in both organizations

The central bank will remain in wait-and-see mode in the near term due to Brexit, which is "a huge event for the UK and Europe", and will not adopt negative rates, Federal Reserve (Fed) Vice Chairman Stanley Fischer said on Friday. "Our direct trade

Brexit should make the global outlook gloomier and we adjust our FX views accordingly.  We slash our GBP  forecasts , lower our projections for the European G10 currencies, maintain our bearish view on G10 commodity block and keep an

Warren Buffett and Berkshire Hathaway now own more than 10% of America's biggest bank. The famed investor applied to the Federal Reserve on Friday to increase his firm's stake in Wells Fargo above 10% according to a filing obtained by Business

The Case For Higher EUR: We believe that the EUR can remain well supported even in times of political uncertainty. The dynamics for the EUR have changed now that Bund yields are trading below zero, limiting the ability of nominal yields to fall

Following the sharp sell-off after the Brexit vote, markets have rallied this week. Equities, EM, EUR and GBP are up; vol, JPY and USD down . In our view, the market rally reflects in part the realization that Brexit is more a UK than a global shock

EUR/USD – NEUTRAL BIAS – (1.0900-1.1300) The macro-economic consequences of the referendum result in the UK last week will have greatest impact on the UK but there will also potentially be a notable impact on the euro-zone. ECB President Draghi

This week’s calendar includes plenty of data and a holiday-shortened week. The employment report looms, with many worried about a repeat of the weak May results. With Brexit apparently digested and the Fed on hold, I expect some attention to the

The past week has been a stomach-in-mouth ride for those navigating the trading pits. Volatility VIX, -5.50%  on Friday spiked to levels not seen in five years , with Brexit fears sending stocks reeling over a gruesome two-session period. The