June 2016 UK Markit/CIPS construction PMI data report 4 July 2016 Prior 51.2 Housing activity 43.8 vs 51.0 prior The headline drops to the lowest since June 2009 and the first contraction. since April 2013 New orders and residential construction to the lowest since Dec 2012...
Bank lending standards survey from the Bank of Canada Credit conditions tightened Conditions tightest since 2009 Pricing 12.6 vs 5.2 prior Non-pricing conditions 35.2 vs 7.6 prior...
Highlights of the Bank of Canada business outlook survey Prior was 16.00 Prospects 'remain dim' among energy-related firms Prospects are more solid outside the affected oil regions and sectors Sees further investment cuts at oil companies...
Brexit moves now a memory The commodity currencies were tossed out with the Brexit result but the market has subsequently had second thoughts. The New Zealand dollar is leading the way and has essentially erased Brexit decline with five consecutive days of gains. A close above 0...
Closing changes for the main bourses: German DAX -0.7% UK FTSE -0.8% French CAC -0.9% Italy MIB -1.7...
Details from the May 2016 Eurozone PPI data report 4 July 2016 Prior -0.3% -3.9% vs -4.1% exp y/y. Prior -4.4% Energy prices rose 1.7% and I'd suggest we're now going to start seeing the rise in oil prices being reflected in price data. In the 28 states it rose 2.8% vs -0.4% prior...
Another solid jump in y/y vehicle registrations noted by the KBA Total registrations 8.4% vs 11.5% prior y/y YTP 7.0% vs 6.7% prior From the breakdown; Car registrations +8.3...
USD/CAD technical analysis The commodity currencies are the top performers today and that's pushed USD/CAD down 50 pips to 1.2862. The pair has been in a steady downtrend since rising over 1.31 last Monday. The declines continues to eat into the Brexit rally and now the 61.8% retracement at 1...
Welcome to the second half of the year! Can you believe we only have another six months to go this year? Let’s take a quick look at the major economic themes that rocked the forex markets in Q2 2016 to complete your H1 2016 analyses...
Investors are still in the process of sorting out the ramifications of the surprise pro “Brexit” vote which created extreme volatility in the markets...
The Australian election, held on Saturday, has still not been called, it is too close. Here are the facts: To form a majority government a party needs to win 76 seats Each of the major parties has won 67 seats so far 5 seats have been won by minor parties or independents so far...
The Australian national election polling booths have now closed 2 July PM Malcolm Turnbull and opposition Labour Party leader Bill Shorten both say they are confident of a victory but concede the result could be tight Malcolm Turnbull ,the leader of Australia's conservative Liberal Party-led Coal...
Jens Weidmann, head of Germany's central bank (the Bundesbank) says "The Brexit vote is no reason to loosen budget rules" Weidmann was speaking in an interview with 'Focus' magazine...
S&P up 3.22% on the week. The US major indices are closing the week up nicely. The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15...
Weekly positioning data from the CFTC for Forex futures as of the close on June 28 EUR 62K short versus short 61K last week. Short increased by 1K GBP 43K short versus short 52K last week. Shorts cut by 9K JPY 60K long versus long 52K last week. Longs increased by +8K on the week...
Early signs of stabilization in drilling There were 330 oil drilling rigs operating in the US last week. We will get the latest update at the top of the hour. The numbers fell almost constantly since August 2015 until recently as the number fell to a low of 316 from 675...
ISM factory survey chairman Holcombe in presser a few moments ago 1 July mftg on a good trend ,not robust will have to wait and see about Brexit UK is relatively small US trading partner ISM to release Brexit results at 11.00 NY time ( any time now...
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...
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...
