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Here is who has reported: Honda sales +3.2% vs +9.4% estimate Volkswagen of America -22% GM sales -1.6% vs -0.7% estimate Ford sales +6.4% vs +4.9% estimate...
Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold moved up over 12400 pips last month, and reached a high of 1358.21...
EUR/NZD Analysis for July 01, 2016 Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5466 in a high volume. According to the 30M time frame, I found response from sellers at the price of 1...
US Federal Reserve's vice chairman Fischer out on the wires 1 July 2016 will have better idea of conditions by July FOMC meeting we make our decisions one meeting at a time we've got to look over a longer horizon than a few months most of the data since May payrolls looking good...
Gold Analysis for July 01, 2016 Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,337.91 in a high volume. According to the 30M time frame, I found that demand is in control in the market...
CAD/JPY Trade Idea - Good to Sell on Rallies Major resistance - 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80 holds. The decline from 83.81 till 76...
UOB out with a client note/recommendations 1 July 2016 Courtesy of our friends at efxnews.com While our tech guru Greg is tied up on the ForexLive ACT course here's someone else's T/A for those of you so inclined...
EUR/USD dropped quite a bit on Brexit but showed some strength as well. It could further fall, say the people at BNP Paribas: Here is their view, courtesy of eFXnews: The still-elevated level of GBP volatility renders downside GBP structures very expensive after last Thursday’s UK referendum...
One week after the big Brexit crash and as a new quarter begins, it is time to lift our heads from the near term and look forward...
Not all is bad in the UK: manufacturing PMI has jumped to 52.1 points, showing growth in this beleaguered sector. The survey was made before the Brexit vote and therefore may be somewhat outdated...
EURUSD Daily Analysis EURUSD (1.109): EURUSD formed an outside bar on the daily session yesterday after QE and rate cut comments from the BoE Governor, Carney. The price action from the past three days shows a kind of consolidation taking place near the minor resistance level at 1...
The Australian and New Zealand dollar both weathered the Brexit quite well, but this may not be the end...
GBP/USD resumed its falls on Carney’s speech but there may be more to come, with sterling not falling alone: Here is their view, courtesy of eFXnews: Despite the sharp fall in GBP so far, we still see it as vulnerable to further declines...
Carny made a special appearance and offers easing during the summer as a reaction to Brexit. He makes a heavy hint that they will take a decision in August. This speech was scheduled only yesterday and is seen as part of the damage control. GBP//USD slips to 1.3330. Update: it already slips to 1...
No surprises with Canada’s GDP: a rise of 0.1% month over month. Producer prices in Canada jumped by 1.1% m/m, much more than 0.4% predicted but remained negative at -1.1% y/y. USD/CAD remains stable. The Canadian economy suffered from the fall in oil prices but the economy is quite diverse...
The Australian dollar is facing elections and a rate decision in the next few days. What’s next? ANZ has a bearish outlook: Here is their view, courtesy of eFXnews: Brexit is now a reality. The damage is done and we now have to navigate through an environment of heightened uncertainty...
UK finance minister speaking on Sky ahead of a key speech and reported by BBC 1 July UK will no longer hit surplus in public finances by 2019/20 We never were George. Complete pie in the sky. UK must be realistic First time for everything I guess eh George...
ECB chief economist over the wires 1 July ECB can use balance sheet capacity during crises lower growth prospects are a very serious concern health of the banking sector needs key attention I thought CBs have been crowing from the rooftops about how much better the banks are now nicely shored up...
