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Dear Traders, On Thursday June 23rd we have the EU referendum in the UK, ‘Brexit’. The vote is to determine whether the UK remains part of the European Union. Brexit is similar to the Scottish referendum and Grexit last year, however, the impact of the result is expected to be far greater...
USD/JPY took a deep dive to 104 and below on the lack of action from the Bank of Japan. This may well change next month, with fiscal and monetary stimulus in play...
St Lous Fed head Bullard back on the wires 17 June 2016 maybe even more than 30 months Oh no, Bully the Bore is going to give my typing fingers a real end of session test! economy may have slipped into slow-growth mode where appropriate Fed policy rate is 0...
The British pound continues suffering and finally broke down below the 1.41 handle. It now faces strong support, and not at the round level. Here are 3 Brexit-related updates and the levels to watch: Update: the tables have totally turned with the tragic murder of MP Jo Cox...
Canadian Core CPI, is considered on of the most important inflation indicators. Core CPI excludes the most volatile items which are included in CPI, hence it is considered a more reliable measurement of inflation...
The impact of the EU Referendum goes well beyond the shores of the UK but impacts many other currencies...
Forget playing the numbers game in guessing the percentage moves in markets Picking a number is a folly at the best of times. So and so bank says the pound will move 10% one way on an exit, or 5% the other way on a remain, that's great but the numbers aren't tradable...
It's been a session of two-way business again for the pound 17 June 2016 Earlier I highlighted the decent offers/resistance between 1.4300-30 and dip demand on EURGBP and we've duly seen a retreat from 1.4312, and a rally, and another retreat. GBPUSD currently 1.4238 with EURGBP back above 0...
Dear Traders, While both of our major currency pairs were yesterday still on a downswing the decline came to an abrupt end after the terrible attack on U.K. lawmaker Jo Cox has led to a suspension of all Brexit campaigns. U.K...
Analysis : Triangle has broken through the support line at 16-Jun-12:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 1.112. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
As always traders will be keen to feed off any scraps but the speech is at an awards ceremony and not necessarily key-note. That's not to say though that Magic Mario isn't capable of pulling something out of the hat so we'll see what transpires...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 17th EUR/USD has consolidated recovered position after yesterdays sharp fall. Now the pair is trading in narrow range near 1.1250 area with slight bearish mood...
IMF MD Lagarde up to the rostrum 17 June 2016. Reuters reporting Says Lagarde: " I guarantee the euro will continue to have a solid space of range in currency reserves" nostalgic utopia of the past is a serious danger in Europe time to confront negative vision on Europe...
Q1 2016 Eurozone wage and labour costs data 17 June 2016 Q1 labour costs 1.7% vs 1.3% prior Alongside falling unemployment we're seeing wages and costs starting to creep up. Maybe the next ECB move will be to taper QE ;-) Q1 2016 Eurozone labour costs...
Reuters reporting SocGen have sent a letter to clients to warn about possible gaps in pricing and liquidity surrounding the UK referendum vote. After the SNB they've got good reason to be cautious over what is a huge event...
The main highlight today will be Canadian CPI data for the month of May, released later in today’s New York Session. Headline CPI m/m is expected to increase to 0.5% from a prior 0.3%, however headline CPI y/y is expected to decline to 1.6% from 1.7%. Core CPI is expected to increase to 0...
Italy April trade balance total now published 17 June 2016 prev revised down from €+5.365bln EU trade balance €+918m vs 1,19bln prev revised down from €+1.331bln...
Latest Eurozone current account data from the ECB 17 June 2016 prev revised down from €+27.3bln NSA €+34.0bln vs €+31.3bln prev revised down from €+32.3bln direct investment inflow €10.7bln vs +€12.6bln prev portfolio investment inflow €+118.1 bln vs +9.9bkn prev...
Yesterday's tragic murder of UK MP Jo Cox leaves many reverberations 17 June 2016 Let no one underestimate the impact of this truly awful event but let's not jump to any conclusions as to why it happened. Conspiracy theorists have no place in these discussions...
Two Important Notes About The Last Decline in Dow Jones Industrial 1- The Last decline in Dow Jones lead to a great change in VIX value. so we should worry from the current falling trend which is in the beginning...
