The Traderszone Network

Results just out from a Reuters poll of 37 economists 1 July 2016
– 35 out of 37 see rates on hold at 1.75% next meeting on 5 July
– majority expect RBA will ease in Q3 2016
Meanwhile AUDUSD 0.7444 still being pulled around by cross ccy plays and metals

Still looking to hold recent gains as we wait on the official opening 1 July
– DAX futures +0.6%
– FTSE +1.0%
– CAC40 +0.6%
Bund futures down 79 at 166.33

Positive outcome but not without its wobbles 1 July 2016
– +106.56
– open 15698.02
– high 15765.00
– low 15635.57
– USDJPY 102.75 on session lows with GBPJPY selling a prime mover

The soggy pound is on the back foot again in early trading 1 July
Carney’s cut/easing comments are still reverberating but given the fact that he and others on the MPC have highlighted the downside risk/ potential need for potential cuts/easing over the past year, albeit saying next moves were expected to be up, I find it strange that some out there are surprised.

Submitted by Danielle DiMartino Booth via DiMartinoBooth.com,

“You’re only supposed to blow the bloody doors off!”

read more

Hershey said on Thursday it had rejected a $23 billion takeover bid by Mondelez International.