The Traderszone Network

Says the German economic ministry in a letter to its employees 1 July
– whoever does not want to belong to the EU anymore can not get the associated benefits
Cautious but adamant tones out of Germany post-Brexit.

Positive tones again as markets officially get underway 1 July
– FTSE +0.6%
– DAX  +0.7%
– CAC40 +0.6%
– FTMIB +1.2%
– IBEX +1.0%
In China the SCI closed up +0.1%, +2.7% for the week. CS1300 Index closes flat but +2.5% on the week.

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Bloomberg with the headline 1 July 2016
– Peoples Bank of China have emailed Bloomberg to say their report of intervention yesterday was untrue
Yesterday the PBOC were also somewhat generally and in the wake of talk of them wanting USDCNH up to 6.80 by year end.

Your daily thread to exchange trading ideas and discussion 1 July 2016
Loads going on still as we head into the new month so what’s on your radar ?
Share all with the ForexLive community here.

Imagine having a job where you didn’t actually show up for 15 years, but you continued to get paid – that would be a pretty amazing gig wouldn’t it? Well, as it turns out, two guys in Jerez, Spain actually pulled that off.

Two men, a chauffeur and a gardener, have been collecting full pay from Jerez city council in Andalucia without putting in a single shift for the council, as part of an apparent deal with local unions.

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Australia June commodity index report 1 July 2016
– prev revised up from -10.0%
– commodity index AUD 89.7 VS 91.1 prev revised up from 90.3
Commodity Prices measures the change in the selling price of exported commodities. The commodity sector accounts for over half of Australia’s export income.