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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...

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...

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...

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...

European stock market close 29 June 2016 FTSE +3.2% Cac +2.4% Dax +1.7% Ibex +3.3...

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...

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...

AUD/USD uptrend continues The Australian dollar is taking advantage of the continues improvement in risk sentiment. AUD/USD edged through Monday's high of 0.7451 before slipping back. The pair is clearly in a consolidation phase after a 350 pip post-Brexit fall...

Stocks back into positive territory for the year The second day of post-Brexit gains is underway in the US stock market. The jump at the open broke the 50% retracement of the 120 point Brexit swoon. The index is currently up 18 points to 2054. The 61.8% retracement is a key level to watch at 2066...

May 2016 US personal income and spending data report 29 June 2016 Prior 0.4%. Revised to 0.5% Personal spending 0.4% vs 0.4% exp m/m. Prior 1.0%. Revised to 1.1% Real personal spending 0.3% vs 0.6% prior. Revised to 0...

June 2016 German HICP and CPI flash report 29 June 2016 Prior 0.0% 0.1% vs 0.1% exp m/m. Prior 0.4% CPI 0.3% vs 0.3% exp y/y. Prior 0.1% 0.1% vs 0.2% exp m/m. Prior 0.3...

Following the big Brexit, EUR/USD fell but at a much lower scale in comparison to the pound. What’s going on? The team at Morgan Stanley explains: Here is their view, courtesy of eFXnews: Looking for bearish ‘quasi GBP’ trades makes sense, but focusing on EUR is wrong...

GBPUSD On the GBPUSD we are observing a nice impulsive structure from the lows, where end of blue wave 5 was labeled. Currently we see the price in a corrective pullback, specifically in red wave b), which could be near completion as three sub-waves are already visible within it...

Speculation continues mounting is the UK will indeed leave the EU or that there will be a regret on Brexit – Bregret or if you wish, an EU-turn or a Breturn. This big event is already taking its toll on the economy, but provides growth in new words...

Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar...

EURUSD Daily Analysis EURUSD (1.106): EURUSD has established a range of 1.120 and 1.110 as the levels of resistance and support. While a retest of the resistance at 1.120 is pending, support has been clearly established at 1.10...

Australians go to the polls on July 2nd, and for a change, this could be a market moving event...

The big Brexit decision certainly has ramifications on markets even on lands far far away. Will we see rate cuts in Australia and New Zealand...

The team at Nordea give it a 30% chance and explain why: Here is their view, courtesy of eFXnews: In Q4 2016, the new prime minister triggers Article 50 of the EU Treaty by notifying the EU that the UK intends to leave. That opens a two-year window for negotiating a withdrawal agreement...

The US releases its final GDP for Q1 2016. A small upgrade is expected. The actual results is 1.1%, slightly better than 0.8% expected. Within the components, we do have a miss on personal consumption, with a downgrade to 1.5%. This is not good news. Sales did beat with 1.3% against 1.2% expected...