Tallinn viies 23:46 GMT June 27, 2016
eurusd
Reply
Australia�s Treasurer: No Need for Fiscal Stimulus Post-Brexit
Japan Ruling LDP�s Nikai Calls for 20t Yen Stimulus: Nikkei
Tallinn viies 22:44 GMT June 27, 2016
eurusd
Reply
just wondering how big in size next global quantitative easing should be to help central bank put to work?
BOE announced alreadu how much liquidity they are ready to provide. others hasnt mentioned certain amounts but would be really interesting to know. trillion or two most likely doesnt help at this stage?
Mtl JP 22:30 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
RF@ 19:25 sounds like a mother-of-trade opportunity to backup the 10-wheeler and load it up, even at current 1.32-ish. Takeout a 2nd mortgage as well to really juice from the situation.
Naturally caution should be thrown into the wind under these circumstances.
Livingston nh 22:18 GMT June 27, 2016
Tuesday Trading
John - no criticism of the chart - the numbers are the numbers -- a RATE CUT expectation or even More QE is so bizarre that I can't imagine people putting money into that market
GVI Trading Room john 20:35 GMT June 27, 2016
Tuesday Trading
The Chart below is NOT WRONG! It just says the markets are completely out of phase. At present I don't see the mechanism by which they fix themselves.
Market Sentiment Indicators
The Fed Funds Market Sentiment Barometer reflects current sentiment about a future change in Fed policy. Odds for one rate hike by yearend are -27% (= rate cut) from -11% late Friday.
Downward bias:
Spot EURUSD: 1.1020
20-day avg: 1.1268
Pivot Point: 1.1023
WIDE DIVERGENCE as Brexit fallout remains in play. 27% odds now on one rate CUT by year end.
Livingston nh 20:18 GMT June 27, 2016
Tuesday Trading
Two days of selling in stox should be sufficient for those who needed adjustment - in US SPX filled the first sub2000 gap (2 more below) -- the crazy expectations for a rate cut in US are part of the "Panic" but there will be bigger issues between now and December // UK trade won't be affected for at least a year - so far no Locusts or Pale Horses on the Horizon
GVI Trading Room john 20:07 GMT June 27, 2016
Tuesday Trading
Reply
Trading Themes --
- Germany says there are no informal Brexit talks underway with the U.K. I take that denial with a grain of salt. It is only logical that both sides might want to feel the other side out to get an idea about what the outlines are of an accord that might fly. However, to admit that they are talking could step on many toes, so they deny it. Furthermore, both sides have a lot to gain from an agreement.
- Calls by some of the louder voices in the EU for the UK to invoke Article 50 immediately were rejected Monday by U.K. PM Cameron in an address to Parliament. He also rejected calls for a second referendum. He said that the U.K. is a democracy and the people have spoken. A new government will have been formed by October.
- Markets will have to figure out by trial and error on their own what to do now. Key financial markets remain in a risk-off posture wuth equities, the GBP and EUR trading weak. Prices in safe-haven sovereign debt markets continue to rise (lower yields). Some are talking now about "twin parities" in EURUSD and the GBPUSD. I view that as a doomsday scenario.
- This is a fairly active week on the U.S. data front which ends with the long Independence Day weekend. Next week will see the critical June U.S. employment data.
John M. Bland, MBA
co-founder Global-View.com
Ldn Cashman 19:53 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
My last comment on the subject. With regards "project fear". Not many people mentioning that Carney is an ex-Goldman employee. Doom and Gloom before the vote. Funny isn't it that Goldmans were one of the main donors of the Remain campaign.
Ldn Cashman 19:49 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
And the FTSE is down about 5.5 pct since the vote. Doesn't seem as though the sky has fallen in to me. Franklin Templeton , one of the largest investment managers in the world announced that they were overweight in UK equities going into the vote. I'm sure they're not stupid.
Maribor 19:39 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
RF, range is narrowing in cable and rate keeps returning to the middle. My scenario is that movement will start after end of the day during night time and it may go so far up that all would be just shorting (and be wrong again)...
Shall see...
HK RF@ 19:25 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
I am afraid to say, that we are in a runaway almost out of control deteriorating relations among the parties involved in the BREXIT event.
The strength of the USD, is curbing everything; Even gold and JPY.
Not a very normal and pleasant situation.
Trying not to be too smart in picking bottoms.
Ldn Cashman 19:24 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
The way the press are talking it seems as everyone is surprised Sterling as taken a hit after the Brexit vote. To be honest I think it has been relatively orderly. If somebody had said prior to the vote where they thought cable would be on a Brexit vote I'm sure 1.30 wouldn't be out of the question. I think it's the fact that everyone is running round like headless chickens after the capitulation from 1.50 when most of the players were wrong footed.
Maribor 19:17 GMT June 27, 2016
British pound could hit history-making dollar parity by end of 2016
I love this kind of extrapolation. It is common exactly on market extremes like this one with cable.
Careful observation of cable movement lead me to believe we are already past bottom (1,31181). Now it is just time for accumulation and patience and yes, my account suffered in large extent during last moves.
Sydney ACC 18:16 GMT June 27, 2016
Why the UK went in to the EU
As was the case with the Scottish referendum also, the EU referendum required only a simple majority of the votes cast. Given that voting is not compulsory it was unlikely a turnout of much higher than 75% was going to be achieved. That 52% voted in favour of leaving the EU proves that less than 50% of the entire population approved the departure.
Given the consequences a majority of 60% should have been required.
The referendum should have sought the voter's views twice, say over a two-year period to eliminate any flight of fancy.
dc CB 16:00 GMT June 27, 2016
Why the UK went in to the EU
Headlines in the Europhile press have included: �How old people have screwed over the younger generation� from the Independent, and �EU Referendum Results: Young �Screwed By Older Generations��� from the Huffington Post.
VICE gave us: �Old People Seem Intent on censored Us Over Forever�, and, �Brexit Proves Baby Boomers Should Get Less of a Vote�.
GQ Magazine went all out, producing: �WE SHOULD BAN OLD PEOPLE FROM VOTING�. Writing about �them� as if the older generations are some foreign species, the reasons given by the author included:
�The EU referendum result will have less effect on older people�; �Over 65s read the Daily Mail�; �There was no �golden age� of Britain�; and �We take pensioners� driving licences away� why not their right to vote?
+++++++++++++++++++++++++++++++++++++++++++++++
Oh yes and Trump is a fascist...a modern day Hitler
Media Pushes �Ban� On Old People Voting After Brexit
hk ab 15:46 GMT June 27, 2016
gold
Reply
leading all cousins to retreat now............
Yen, as usual, the slowest......
Sydney ACC 15:37 GMT June 27, 2016
Why the UK went in to the EU
Reply
Sir Humphrey Appleby, in 1980:
"Minister, Britain has had the same foreign policy objective for at least the last 500 years. To create a disunited Europe ... We have fought with the Dutch against the Spanish. With the Germans against the French. With the French and Italians against the Germans. And with the French against the Germans and the Italians. Divide and rule you see ... We had to break the whole thing up, so we had to get inside. We tried to break it up from the outside but that wouldn't work. Now that we're inside we can make a complete pigs breakfast of the whole thing ... The Foreign Office is terribly pleased. It's just like old times."
Link to Yes Minister clip
tokyo joyya 14:45 GMT June 27, 2016
long aud!
Reply
Buy AUDJPY
Entry: 74.85 Target: open Stop: keep adding on 100pips
going long here...
hk ab 14:44 GMT June 27, 2016
yen
Reply
Also 103.10 for yen intervention.
dc CB 14:44 GMT June 27, 2016
Monday Trading
oh oh oh the world is coming to an end. SToX failed to makea new all time high last week.
It's all because of BREXIT. Those damn racist xenophobic basta**ds. That's what happens when you allow the unwashed to have a vote.
Oh Lordy the "Eeeelites" have lost control.
and Oh yes Trump is a fascist.
hk ab 14:41 GMT June 27, 2016
gbp
Reply
Leave an order at 1.30 see if it will ring me up tonight.
GVI Forex Blog 14:40 GMT June 27, 2016
GVI Data Calendar for 28 June 2016
Reply
June 27, 2016 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 28, 2016. Trading News Calendar
- Far East: No Major Data
- Europe: No Major Data
- North America: US- GDP, Case-Shiller, Richmond Fed, Consumer Confidence, API
WEEKLY HIGH IMPACT NEWS:
28-Jun TUESDAY
12:30 US- GDP
14:00 US- CB Confidence
29-Jun WEDNESDAY
12:30 US- PCE Deflator
14:00 US- Pending Homes Sales
14:30 US- Crude
30-Jun THURSDAY
07:55 DE- Employment
08:30 GB- GDP
09:00 EZ- flash HICP
12:30 US- Weekly Jobless
1-Jul FRIDAY
23:30 JP- CPI
23:50:JP- Tankan Survey
00:00 CA- Holiday ALL DAY- final Mfg PMIs
GVI Data Calendar for 28 June 2016
GVI Trading Room john 14:22 GMT June 27, 2016
Monday Trading
Market Sentiment Indicators
The Fed Funds Market Sentiment Barometer reflects current sentiment about a future change in Fed policy. Odds for one rate hike by yearend are -25% (= rate cut) from -11%% late Friday.
Spot EURUSD: 1.1110
20-day avg: 1.1278
Pivot Point: 1.1153
Brexit fallout in play. 25% odd now on one rate CUT by year end.
hk ab 13:35 GMT June 27, 2016
boj
Reply
Intervention signal???
LONDON SFH 13:20 GMT June 27, 2016
Monday Trading
Are they seriosuly all going on holiday in between rather than sort out their leader!?
Livingston nh 13:17 GMT June 27, 2016
Monday Trading
Conservative Party to have nominations for Leader this week and 2 mos of campaign
GVI Trading Room john 13:14 GMT June 27, 2016
Monday Trading
PM Cameron to address Parliament @ 14:30 GMT on where they go next. Speech likely will be televised.
London 13:09 GMT June 27, 2016
Day trading strategies USDCAD by AzaForex
Reply
Buy USDCAD
Entry: 1.3100 Target: 1.3190 Stop:
Review these tips if you are an aspiring foreign exchange trader.
The referendum in the UK broke all the trends in almost all currency pairs in the Forex market. All more or less predictable trends on the chart were changed to no recognition. Technical analysis is not working on many markets for some time the psychology of traders and investors panic and can not be predictable in linear dimension. The currency pair US and Canadian dollar is one of the few trading tools where the situation is clear. Shown to a moderate upward trend, which is now braced to resistance level 1.3100. In the currency pair there is all chances to pass this level and allow traders to earn about 100 pips. If the US dollar, on the background of events in the world, will be strengthened, our recommendation will bring the desired results in our trading account
GVI Trading Room john 13:04 GMT June 27, 2016
BREAKING NEWS
and yes I believe the BOJ will do whatever it wants.
GVI Trading Room john 13:03 GMT June 27, 2016
BREAKING NEWS
THat was my interpretation of his comment. I noted he very carefully chose his words.
NY JM 12:25 GMT June 27, 2016
BREAKING NEWS
Is Lew telling the BoJ not to intervene unilaterally?
PAR 12:25 GMT June 27, 2016
European Banks - Brexit
Well publicitised new european bank bailout mechanism without taxpayers involvement may be tested over the coming weeks .
GVI Trading Room john 12:23 GMT June 27, 2016
BREAKING NEWS
Treasury Secretary Lew
-- Strong USD in interest of the U.S.
-- Monitoring exchange markets closely
-- Best for G7 to act in concert, rather than unilateral actions.
PAR 12:13 GMT June 27, 2016
European Banks - Brexit
Reply
Linking the problems of the European banks to Brexit is one bridge too far .
European banks are in trouble because of NON PERFORMING LOANS and NEGATIVE INTEREST RATES not because of Brexit .
PAR 12:04 GMT June 27, 2016
UK ARTICLE 50
Reply
As long as article 50 is not triggered their is nothing to be discussed and the status quo continues .
Livingston nh 12:03 GMT June 27, 2016
Yelle - PPT
If there really was a PPT trading philosopher somewhere in the FED it seems a perfect time to shrink the long end of its Treasury holdings - might work for BoE too // sell into the demand
But there is no PPT and the Fed only has economists
hk ab 12:02 GMT June 27, 2016
GBPUSD 1.3135 confirmed
God, the only ONE is here again....
but we should be thankful because many of us would be "wiped" without his signs.....
Amman wfakhoury 11:57 GMT June 27, 2016
GBPUSD 1.3135 confirmed
Reply
13135 confirmed will be reached . return 13183.
Mag 13410.
Buy at 13135 ..add buy at intervals 100 pips.
The only one in the world who confirms the next level
hk ab 11:39 GMT June 27, 2016
XAU/GBP
Reply
The baby maybe eyeing 1300 now.....
PAR 11:04 GMT June 27, 2016
Yelle - PPT
Reply
Yellen removed from SINTRA schedule . She must lead the PPT and make money for the American people .
PAR 11:00 GMT June 27, 2016
Juncker
Reply
Apparently he is ill today ?
LONDON SFH 10:58 GMT June 27, 2016
Merkel
Any idea what time Cameron is due to talk?
PAR 10:56 GMT June 27, 2016
Merkel
Reply
Merkel : No informal Brexit talks without Article 50 trigger .
hk ab 10:52 GMT June 27, 2016
gbp
Reply
every pair is riding on gbp shoulder now.....
GVI Trading Room john 10:31 GMT June 27, 2016
Monday Trading
Jack Lew will be on CNBC at 12:00 GMT, for those of you who do not know, he is the U.S. Treasury Secretary. There was a time when the Treasury Secretary was the major focus of forex trading. How times have changed!
GVI Trading Room john 10:06 GMT June 27, 2016
Monday Trading
Equities risk-off
DAX -126
DJ -75
SP -8
10-yr Safety play
US 1.471% -10.4
DE -0.095% -4.8
GB 0.931% -14.2
JP -0.191% +0.4
EUR mostly weaker on its crosses. but up vs. GBP.
PAR 09:56 GMT June 27, 2016
Italy to nationalise banks ?
Reply
Italy Said to Weigh $44 Billion Banks Injection After Brexit
http://www.bloomberg.com/news/articles/2016-06-27/italy-said-to-weigh-44-billion-injection-in-banks-after-brexit
Brexit is not the problem for the Italian banks . A gangrene of non performing loans is the problem . Non performaning loan need to be written of and as much money as possible needs to be recovered from the borrowers .
Putting taxpayers money at risk to save banks makes no sense . We have seen enough privatising of profits and socialising of losses . Where was Draghi ?
hk ab 09:56 GMT June 27, 2016
gbp
Reply
I like safe play and will start accumulation 1.30xx. That should also be the level watched by CB
kl fs 09:41 GMT June 27, 2016
gbp
i am in also 1.3285, looking for 1.3450
LONDON SFH 09:39 GMT June 27, 2016
gbp
Tokyo joyya 09:37 GMT 06/27/2016
I am with you mate-long at an average of 1.3300...looking for 13600 today..
tokyo joyya 09:38 GMT June 27, 2016
gbp
avg now 1.335
tokyo joyya 09:37 GMT June 27, 2016
gbp
bought more cable @1.3275
PAR 09:28 GMT June 27, 2016
UK
Reply
UK elections becoming almost unavoidable . Cameron has to face the consequences of his policies . Just going three months on vacation is not going to solve the problem .
hk ab 09:27 GMT June 27, 2016
mkt
Reply
Then, CB show time.....
hk ab 09:26 GMT June 27, 2016
gbp
Reply
double bottom testing phase...... Just like the referendum.... break or hold.....?
I guess a quick dip to 1.30xx area.
GVI Trading Room john 09:18 GMT June 27, 2016
Monday Trading
Trading Themes --
- As for Bexit, the ball is now in the court of politicians from the U.K. and EU. With U.K. PM Cameron having announced his intention to step down as PM by October, he now is more in the role of a caretaker until the Conservative Party names a new leader. it will be up to the new govrmment to make the major decisions.
- Calls by some of the louder voices in the EU for the UK to invoke Article 50 immediately are simply unrealistic before a new government is in place. A "Cooling Off" period is sensible as the parties involved on all sides figure out what to do next. The UK and EU now will need to forge a new relationship quickly.
- Markets do not have the option taking a "Coolong Off" period. They have to figure out what to now based on what they know. The GBP, EUR and equities are weaker as investors take an initial defensive posture, but a lot may not be known for a while. Dealers tell us they will be feeling their way cautiously in the near term and would not be surprised to see periodic bouts of instability as we all adjust to new realities.
- This is a fairly active week on the U.S. data front but ends with a long weekend. Next week will see the critical June U.S. employment data.
John M. Bland, MBA
co-founder Global-View.com
hk ab 09:06 GMT June 27, 2016
BOJ
Reply
The folks had a pref. to intervene in about 1 hour time....
hk ab 09:05 GMT June 27, 2016
mkt
Reply
2nd test of gbp bottom, if opens, gbpjpy at 130.......
PAR 08:57 GMT June 27, 2016
UK
Reply
What UK needs and will get are new democratic elections .
Imho not only Cameron but the all government will be finished by the end of this week.
PAR 08:53 GMT June 27, 2016
ECB
Reply
Imho ECB has no room to lower interest rates .
Already the hard working and saving populations in Germany , The Netherlands , Belgium, Austria etc are revolting against the crazy negative interest rate policies from Draghi .
A further rate cut could bring a kind of French revolution against "Le Roi Soleil Draghi " and may lead to an attack on the buildings of the ECB in Franfurt.
Negative interest rates are also killing European banks , insurers, pensioners and pension funds
Why first save the banks with � trillions of taxpayers money and then kill everybody with NEGATIVE RATES
Imho a further rate cut by the ECB will lead to a " REFERENDUM IN GERMANY ".
kl fs 08:50 GMT June 27, 2016
Second Referendum?
this is exactly why i hate stocks
why is halting allowed on dropping prices and not on rising prices
LONDON SFH 08:34 GMT June 27, 2016
Second Referendum?
*RBS HALTED IN LONDON ON VOLATILITY AFTER SHRS FALL 14.2%
LONDON SFH 08:32 GMT June 27, 2016
Second Referendum?
*U.K. 10-YEAR GILT YIELD DROPS BELOW 1% FOR FIRST TIME ON RECORD
LONDON SFH 08:30 GMT June 27, 2016
Second Referendum?
Quote of the day, from Brexiter Iain Duncan Smith: "Our promises were a series of possibilitie
Haifa ac 08:01 GMT June 27, 2016
Second Referendum?
Turns out the CONDOM AD:
"PULL OUT--IT'S THE SAFE WAY"
was effective.
LONDON SFH 07:47 GMT June 27, 2016
Second Referendum?
looks like soon the UK will be just England and Wales..
kl fs 07:34 GMT June 27, 2016
Osborne:The delay in triggering article 50 will help.
They need the delay and let European Cup soccer final be France vs England and let England wins. Perhaps then they will get second referendum in place. If they are in a hurry, England will have to be kicked out of the tournament.
Talking about soccer, can the Brits live with their Premier League only with homegrown players?
LONDON SFH 07:21 GMT June 27, 2016
Second Referendum?
Here�s a question, if the eu was really intended to be irrevocable, how come it was left vulnerable to a simple 50% majority vote in a referendum?
HK RF@ 06:50 GMT June 27, 2016
Osborne:The delay in triggering article 50 will help.
This was the wicked British colonial style.
Whenever they left colonies, they left instability, divisiveness and wars.
Now they get back at the French and the EU applying the same medicine:)
HK RF@ 06:35 GMT June 27, 2016
Osborne:The delay in triggering article 50 will help.
Reply
we should only trigger article 50 when a plan is in place. Some firms are pausing their decisions to invest and hire people. The delay in triggering article 50 will help.
Will help to destroy the EU and make the French mad: SELL EURO!!!!!!!!!!!!
PAR 06:23 GMT June 27, 2016
OSBORNE
Reply
UK will not trigger article 50 and stay in EU for the foreseeable future .
Threatens the market not to underestimate power of the central banks and the IMF .
No emergency budget needed as UK economy is very strong .
PAR 06:13 GMT June 27, 2016
INTERVENTION
Reply
Verbal and real intervention by central banks are preventing markets from finding an equilibrium and increase volatility .
Free markets should be based on demand and supply and not on INTERVENTION ,which lead to insider trading , misallocation of capital and mispriced assets .
Central banks should supervise the banks (where they do a bad job ) and leave the rest to the markets .
HK RF@ 04:09 GMT June 27, 2016
Deus ex machina.
Reply
Osborne Moves To Calm Brexit Financial Turmoil
The Chancellor will speak before markets open amid fears the pound could plunge further and push the UK toward recession.
George Osborne will try to calm economic fears amid concern over the political power vacuum created by the UK's Brexit vote.
The Chancellor will make a statement before markets open in London and lay out the Government's plans to "protect the national interest" after the shock referendum result.
The move comes amid unprecedented political and economic upheaval, which has seen sterling plunge to a 30-year low against the dollar, the resignation of Prime Minister David Cameron and a coup against opposition leader Jeremy Corbyn.
A Treasury spokesman said: "The Chancellor will make a statement to provide reassurance about financial and economic stability in light of the referendum result and the actions that he and the rest of the Government will be taking to protect the national interest over the coming period."
The Chancellor is also under pressure to set out a timeline for opening negotiations on the terms of Britain's "divorce" from the EU.
Mr Osborne will also need to clarify whether he will try to bring in the so-called "punishment Budget" comprising of �30bn worth of tax rises and spending cuts that he insisted during the referendum campaign would be necessary in the event of the UK voting for Brexit.
LINK
hk ab 04:05 GMT June 27, 2016
gold
Reply
SAR all now, long 1323.
SaaR KaL 03:55 GMT June 27, 2016
gbp
Good choices and postions.. :)
^n225 Stay Buy 16,880.13 15,000.55
SPX500( Stay Buy 2,146.33 2,046.65
tokyo joyya 03:04 GMT June 27, 2016
gbp
Buy OTHER
Entry: Target: Stop:
i bout jpn225 15000and spx @2000
tokyo joyya 03:02 GMT June 27, 2016
gbp
here come eurusd and cable rally
Hong Kong 02:28 GMT June 27, 2016
AceTrader Jun 27: This morning Japan held emergency meeting on the aftermath due to Brexit
Reply
27 Jun 2016 01:40GMT
USD/JPY - ......This morning an emergency meeting was called four days after Britain's historic vote to leave the European Union. Bank of Japan Deputy Governor Hiroshi Nakaso said that they will ensure liquidity in the yen and in foreign currencies if needed by tapping currency swap lines established among six central banks.
He saw no problems currently in market liquidity or in foreign currency funding among Japanese firms, but would continue to monitor the situation, he told reporters after an emergency meeting with Prime Minister Shinzo Abe and Finance Minister Taro Aso.
BoJ deputy gov Nakaso they have no comment on whether to hold extra policy meeting and don't see problem now in market liquidity, foreign currency funding by Japan firms.
While they will continue to monitor market situation, and will assure liquidity in foreign currencies by making use of currency swap arrangements among six central banks.
After the emergency meeting, Japan PM Abe told reporters that he had instructed Aso to take necessary steps in forex market, to focus even more closely especially attention to markets including forex. It is important for G7 to continue to send messages to stabilise markets. There are uncertainty, risks remain in financial markets and they expect BoJ to take steps to sustain market liquidity, financial intermediation
tokyo joyya 02:26 GMT June 27, 2016
yen
look like boj coming soon...
Livingston nh 02:13 GMT June 27, 2016
Second Referendum?
Throw out the REMAIN votes in Scotland and the English only vote for exit is even more impressive - the SNP likely sees the Scottish exit referendum as a more desirable outcome than a BREXIT Redux
Both major parties in UK are splitting into two, maybe three discordant factions -- I can't see any advantage to either Party of another referendum and sabotage/delay of the democratic vote might see a snap election, an event that most rational politicians would fear in the current environment // much easier for markets to heal than political parties
hk ab 02:09 GMT June 27, 2016
yen
Reply
the best friend of fx trader..... BOJ and Ala......
HK RF@ 02:04 GMT June 27, 2016
The Big-Money battle-cry: Carry on trading, beg German car bosses
Reply
Carry on trading, beg German car bosses: Manufacturers demand Britain be allowed to continue trading with the EU without any barriers
German car-making industry said punishing Britain makes no sense
Angela Merkel called on to give the UK a favourable trade deal after Brexit
Eurosceptics argue it's not in EU�s interests to force tariffs on UK imports
Carry on trading, beg German car bosses: Manufacturers demand Britain be allowed to continue trading with the EU without any barriers
German car-making industry said punishing Britain makes no sense
Angela Merkel called on to give the UK a favourable trade deal after Brexit
Eurosceptics have repeatedly argued it is not in the EU�s interests to bring in tariffs as the UK imports more from Europe than it exports, and any weakening of the British economy would also have a ripple effect on Europe.
Matthias Wissmann, of the German Association of the Automotive Industry (VDA), said: �Even if many �experts� are competing to paint the worst possible scenario, now is the time for calmness.
Every possible measure must be undertaken to enable the continued free movement of goods and services between the UK and the other EU countries. Following British departure from the EU, it will be in nobody�s interest to make the international flow of goods more expensive by erecting customs barriers between Britain and the European continent.�
Germany sells more cars to Britain than to any other country, with 810,000 exported last year, Mr Wissman said. And half of the 2.6million cars made in Britain last year were built by German-owned firms such as BMW, which runs Mini and Rolls-Royce.
Mr Wissman said: �We should do everything we can to ensure that this success story will be continued. Now it is up to Brussels to take action.�
READ MORE:
Read more: http://www.dailymail.co.uk/news/article-3661255/Carry-trading-beg-German-car-bosses-Manufacturers-demand-Britain-allowed-continue-trading-EU-without-barriers.html#ixzz4Ck1eYV1t
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hk ab 01:58 GMT June 27, 2016
gold
Reply
lower down risk and closed previous 1330 at 1328.5
Relentless game starts......
hk ab 01:57 GMT June 27, 2016
gbp
Reply
yes, indeed, mkt likes to test bottom twice......
But I think the flash will be contained in the first strike at 1.31.......
Unless something very "unexpected" to happen......
Right now, it's yoyo time.
tokyo joyya 01:56 GMT June 27, 2016
gbp
HK RF@ 01:51 GMT 06/27/2016
i think cable bottom is around 1.33 but if 1.3/1.2 seen can buy more....
HK RF@ 01:51 GMT June 27, 2016
gbp
All indicate that eventually price will approach 1.30xx.
Get capitalized on jerky movements. Not me.
hk ab 01:48 GMT June 27, 2016
gold
Reply
add sell 1330, same stop.
tokyo joyya 01:38 GMT June 27, 2016
gbp
Reply
Buy GBPUSD
Entry: Target: Stop:
time to buy cable 1.335/8
hk ab 01:06 GMT June 27, 2016
gold
Reply
sell now with stop 1337......
hk ab 01:03 GMT June 27, 2016
gbp
Reply
They thought that by manipulating the gold, yen and gbp will follow.....
What a very wrong move later.......
this 1330 has served many key supports before, would not be breached easily with hourly close.....
