27 June, 2016 by The TZ Newswire Staff Comments Off on EURGBP orders 28 June
EURGBP orders 28 June
Currently 0.8298 as the pound finds some comfort from firmer equities
Delayed reaction but hey, those carrier pigeons have been working their little legs off the past few days.
27 June, 2016 by The TZ Newswire Staff Comments Off on Japan’s Inada says they should act if speculative FX moves are rapid
Japan’s Inada says they should act if speculative FX moves are rapid
Japan’s ruling LDP party policy chief still speaking in Tokyo 28 June
– possible action includes fx intervention
More hot air from Japan.
27 June, 2016 by The TZ Newswire Staff Comments Off on Fin Min Osborne says it’s the clear the UK is now going to be poorer
Fin Min Osborne says it’s the clear the UK is now going to be poorer
UK finance minister Osborne speaking to BBC radio 28 June 2016
– crucial to provide fiscal stability
– UK in prolonged period of economic adjustment
– decisions on taxes, spending to come under new PM
Isn’t it time he stepped down and gave a man with his glass half-full a chance to take this forward?
27 June, 2016 by The TZ Newswire Staff Comments Off on European equity markets open firmer 28 June
European equity markets open firmer 28 June
Positive tones to equity markets as the futures indicated 28 June
– FTSE +1.6%
– DAX +2.0%
– CAC40 +2.1%
– FTMIB +1.2%
– IBEX +2.5%
UK banks all making solid gains but GBP unimpressed for the moment
27 June, 2016 by The TZ Newswire Staff Comments Off on Currencies: Pound gains ground in reprieve from Brexit vote battering
Currencies: Pound gains ground in reprieve from Brexit vote battering
Sterling stabilizes somewhat after Brexit fears spurred sharp declines, but stays near 31-year lows, as China again allows the yuan to weaken against the dollar.
read more
27 June, 2016 by The TZ Newswire Staff Comments Off on Spain retail sales May yy +2.8% vs +6.3% prev
Spain retail sales May yy +2.8% vs +6.3% prev
Spain May retail sales report 28 June 2016
– prev revised down from +6.4%
– yy SA +2.3% VS +40% prev revised down from +4.1%
Softer data a concern but and we’re not gonna see so many Brits taking up the slack anytime soon.
27 June, 2016 by The TZ Newswire Staff Comments Off on GBPUSD orders 28 June
GBPUSD orders 28 June
Currently 1.3303 relatively calm for the moment but still vulnerable
Rally selling into 1.3500 still preferred. Immediate supply into 1.3350 then 1.3400. Demand between 1.3250-60.