Forex Market View for July 22, 2016 UK PMIs

Forex Market View for July 22, 2016, UK PMIs UK PMIs showed significant declines in July as the manufacturing PMI fell 3 points to 49.1, while the services PMI fell more significantly by almost 5 points to 47.4, as we expected. Eurozone declined less than expected in July thanks to the more domestically orientated services […]

Forex Market View for July 21, 2016 ECB maintains status-quo

Forex Market View for July 21, 2016, ECB maintains status-quo The ECB maintains status-quo. European Central Bank president Mario Draghi said Thursday that Euro area financial markets responded with “encouraging resilience” to the UK vote to leave the EU. He also added that the ECB remains ready to provide more liquidity if needed. UK MPC […]

Forex Market View for July 20, 2016 US housing starts

Forex Market View for July 20, 2016, US housing starts US housing starts rebounded by 4.8% month-on-month in June after a step back in May (-1.7% MoM). UK inflation is on the rise as the headline CPI rose to 0.5% year-on-year in June from 0.3% in May. UK’s official jobless rate dropped to 4.9% versus […]

Forex Market View for July 19, 2016 European Markets

Forex Market View for July 19, 2016, European markets European markets a day before, the region’s equities fell on Tuesday as resource and mining sector stocks declined on a downbeat corporate earnings report. Rio Tinto Group dropped 4.1 percent, leading miners lower, after a weaker-than-expected increase in its quarterly iron ore production. US housing starts […]

Forex Market View for July 18, 2016 Mike Pence

Forex Market View for July 18, 2016, Mike Pence Indiana Governor Mike Pence is Trump’s running mate, the Republican ticket is now set going into the RNC convention this week. Lack of support for the coup from within the military and in particular from within Turkish society gives a strong indication that this coup was […]