Dollar Pulls Back Further Post-FOMC

After reversing lower yesterday after the FOMC statement, the US dollar has continued to move lower against the major currencies, save sterling. While the market is not fully confident of a rate cut by the Reserve Bank of Australia, indicative pricing in the derivative markets suggest a UK rate… FF All News

FOMC hits the dollar but will it last?

The Federal Reserve was never going to hike rates yesterday. This meeting was all about whether the FOMC would use the statement to prepare the market for a potential hike in September or whether the prospects of a rate hike would be deferred further again. The FOMC decision has initially hit the… FF All News

Pressure for BOJ easing intensifies as economy minister urges action

Political pressure on the Bank of Japan to expand stimulus this week is intensifying with the economy minister calling on the bank to work with the government to boost growth, in the wake of premier Shinzo Abe’s announcement of a bigger-than-expected fiscal spending package. Abe sent a “powerful … FF All News

Brexit is hitting the economy hard – negative interest rates could be next: Blanchflower

Since the leave vote in the EU referendum, the bad economic news has continued to roll in. A survey by the Royal Institution of Chartered Surveyors published on 14 July, which accounts for the post-referendum period, shows a sharp fall in inquiries from homebuyers. Markit’s flash purchasing managers… FF All News

Machines, Madness and Freedom: Invention in the Mojave Desert

The airport in Mojave, Calif., does not look like much. It’s a modest complex planted in the middle of the Mojave Desert surrounded by ruddy mountains and dust-covered emptiness. The vibe of the place reflects Mojave the town. It feels rundown and depressed and as though its best days—if it ever had… FF All News

Spanish Active Population Survey (EPA )

The number of employed people increased by 271,400 in the second quarter 2016 compared to the previous quarter (1.51%) and stood at 18,301,000. In Seasonally adjusted quarterly variation is 0.29%. Employment has grown by 434,400 people in the last 12 months. The annual rate is 2.43%. – The low o… FF All News


EUR/USD: Shift from bearish to neutral: Rebound could extend to 1.1150. Our recent bearish expectation was proven wrong quickly as EUR moved above the key 1.0950 resistance. The outlook for this pair has shifted to neutral once again. However, the strong up-move yesterday has resulted in a positi… FF All News

UK House price growth steady in July

“UK house prices increased by 0.5% in July and, as a result, the annual rate of house price growth was little changed at 5.2%, compared with 5.1% in June. “This is the first month’s data following the EU referendum. However, it is important to note that, in constructing the index, we use data a… FF … Continue reading UK House price growth steady in July