Image Image Image Image Image Image Image Image Image Image
Scroll to top

Top

Daily Market Review – 29/06/16

Financial assets Can be stocks, commodities, indexes or Forex currency pairs. More have continued to creep back into positive territory via Indices in early morning trading from Asia. The GBP The GBP The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More held onto its gains yesterday and continues to find some takers. The EUR The EUR The EUR is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More has also found short-term support When investors and traders use the term support When investors and traders use the term support When investors and traders use the term support, or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More , or support level, they are often speaking about a p... More . The vast wave of speculative selling in the broad markets has been calmed. Investors may still be on a razor’s edge, but have seemingly found solace as they search for values.

Data from the U.S. yesterday came in mixed, while the Final GDP number slightly beat its estimate and the CB Consumer Confidence was improved, the Richmond Manufacturing Index tumbled badly and the S&P/CS Composite-20 HPI missed its forecast too. Today the States will present Personal Spending statistics and Crude Oil Inventories.

Tomorrow the weekly Unemployment Claims and Chicago PMI reports will be released. It should be noted that trading from the U.S. may become much lighter on Friday as American based investors begin an early holiday escape for Independence Day celebrations that fall on this coming Monday. U.S. equities did better yesterday and the Dow Jones, Nasdaq, and S&P all showed that buyers remain in the markets.

While many analysts have spoken about an uncertain future for the U.K. it appears cooler heads are starting to surface and that fear is starting to subside. Yes, many issues will have to be worked out for the U.K. and its Brexit, but it should be noted that all sides including Europe – more than anyone else – have a lot to lose if they try to hammer the U.K. with unrealistic negotiations. For instance, the U.K. is now Europe’s largest trading partner and the German auto industry will not want to ruin its relationship with the British public.

Inflation In economics the term inflation In economics the term inflation In economics the term inflation refers to price values that are rising on a regular basis in which t... More refers to price values that are rising on a regular basis in which t... More refers to price values that are rising on a regular basis in which t... More data will come from Europe today and Spanish Flash CPI has already been released and is still showing signs of deflation In economics the term deflation In economics the term deflation In economics the term deflation is used when discussing a decline in the price, and sometimes the va... More is used when discussing a decline in the price, and sometimes the va... More is used when discussing a decline in the price, and sometimes the va... More . Europe has many economic issues that it still has to solve, the U.K. is not its biggest problem. The EUR has been under pressure the past few days, but yesterday’s results showed that it still has a working foundation.

The U.K. today will publish Net Lending to Individuals data. British banks are a focal point for investors right now and the FTSE which turned in good trading yesterday will have plenty of attention today too. The GBP will continue to be a talking point and for those who like technical The use of the term technical The use of the term technical The use of the term technical in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More trends its short-term values offer plenty of opportunities.

GBP/USD chart this morning approximately 7:50 GMT, 29 June 2016

GBP/ USD The USD The USD is the official currency of the United States of America. It is the largest reserve currency... More is the official currency of the United States of America. It is the largest reserve currency... More chart this morning approximately 7:50 GMT, 29 June 2016