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👤Lisa Harris
🕔July 29, 2016
Official figures today revealed economic growth in the 19 countries comprising of the Eurozone falling by 50% in the second quarter of 2016, this is most likely the result of the fading bolster it had earlier received from the fall in oil prices and the weakness in the euro, as it does not look like the impact of the UK referendum on the EU.…
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👤Arthur Greene
🕔July 24, 2016
- Concise RBA meeting minutes
- Brexit holds centre stage in RBA discussions
Members of the Reserve Bank of Australia started their dialogue of the developments in the financial markets by noting that the markets have had increased volatility since during the period of the Brexit.…
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👤Lisa Harris
🕔July 21, 2016
- Retail sales slump blamed on weather as clothing and footwear sales are the most affected
The fastest sales rate slump, which many believe to be the result of Britain’s fierce weather conditions was witnessed today when the retail sales data was released, while others assumed that this was more likely the aftermath of the Brexit.…
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Yuan Tumbles as Capital Outflows Continue
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👤Lisa Harris
🕔July 19, 2016
The Chinese yuan successfully broke through a significant support level late on Monday, as investors kept a nerve-racking watch on the currency. The yuan also fell as a result of the economic uncertainty posed by the declining currency.
The yuan edged below 6.7 to the dollar on monday, a level it has not been under for more than 5 years, but managed to recover some of its losses on Tuesday.…
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AUDUSD Gains Despite Weaker Than Expected Chinese Data
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👤Isaac Ndegwa
🕔July 13, 2016
China posted weaker than expected import, export and trade balance data on July 13th but this has failed to make the AUDUSD trade lower. The latest release shows that China’s imports (YoY) (JUN) have slumped by 2.3% even though the figure was expected to be – 1.2% and the previous reading being 5.1%.…
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👤Lisa Harris
🕔June 29, 2016
Temporary stability in stock and oil Price
Fear is hunting the traders and investors in the world with the sudden rebound of the stock and oil price in the market. The stock market showed extreme volatility on the last Wednesday keeping the Brexit news in mind.…
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Dollar broadly weaker on the upcoming US home sales data
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👤Lisa Harris
🕔June 29, 2016
“Dollar turns lower against its major rivals”
The recent release of the economic data on Wednesday of the upcoming US Home Sales came pretty lower than the forecasted number, turning the mighty dollar lower against its major rivals. On the contrary, the latest Brexit news of referendum has shaken the sentiment of the many investors creating high volatility in the market.…
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