The Traderszone Network

Familiar story of late where data expectations have failed to be fully realised
Softer data and another wave of USD demand sees cable post 1.3377 after an initial post-data rally to 1.3412 on the better than expected ind prod headline.

Details from the July 2016 UK industrial and manufacturing production data report 7 September 2016
The ONS say that there was no evidence of any benefits from the fall in the pound following the Brexit vote. That’s a bit of a NSS comment considering this data is for the immediate days and weeks following the vote, and clearly not long enough for the pound move to have any noticeable effect.

Kevin Rodgers’ recently published book tells the tale of change, computers and perpetual crisis through the lens of FX

Latest UK data out at 08.30 GMT 7 Sept
Heads up/reminder for all you GBP traders.
Recent UK PMI data has been good so let’s see if that follows through. Market will be expecting better data so that should be factored in to a degree

Titan Trade has made it onto another financial regulator’s warning list, this time for soliciting to New Zealand residents.

China’s reserves, the largest in the world, fell by a record $513 billion last year after Beijing devalued the yuan currency.

Currently 114.25 range bound after US/Asian falls
Offers: 114.50 115.85
114.80 115.00 115.40 
116.00
Bids: 113.80
114.00
113.50 113.00 112.80 112.50