June 2016 ~ de' prestigious presto

Sunday, 26 June 2016

5 Things to Watch on the Economic Calendar This Coming Week

23:21:00 Fundamental Analysis, News No comments

Investing.com - In the week ahead, market players will be continuing to digest the fallout from Britain's vote on Friday to leave the European Union, which heightened fears over the global economy and triggered historic falls in stocks and currencies.

Market volatility is expected to remain high after global stocks saw more than $2 trillion wiped off their value on Friday and the pound fell by as much as 10%.

Ahead of the coming week, Investing.com has compiled a list of the five biggest events that are most likely to affect the markets.

1. Possible UK credit rating downgrade

Ratings agency Moody's warned Friday that it may downgrade the U.K.’s credit rating as it lowered the outlook to “negative” from “stable” after the country voted to leave the EU.

Moody's said the result would herald "a prolonged period of uncertainty".

Rival ratings agency Standard & Poor's, the only one of three major ratings agencies that still has a AAA rating on Britain, said Friday the Brexit vote meant the AAA rating was no longer tenable.

2. EU leaders to discuss Brexit

EU leaders are to hold a two-day summit meeting on Tuesday and Wednesday in Brussels, to discuss how they should handle Britain’s decision to leave the bloc. U.K. Prime Minister David Cameron will attend the first day of the summit.

3. Janet Yellen speech

Federal Reserve Chair Janet Yellen is due to speak at an ECB central bank conference in Portugal on Wednesday, with investors looking for indications on how Brexit will alter the outlook for the U.S. economy and the path of interest rates.

Traders have now discounted any chance of a U.S. rate hike this year and federal funds rate futures are even signaling that a rate cut may be on the cards.

4. U.S. earnings results

Nike (NYSE:NKE) is to announce its quarterly earnings results after the close of the U.S. market on Tuesday.

General Mills (NYSE:GIS) and Monsanto (NYSE:MON) are to report their earnings ahead of Wednesday’s U.S. market open. ConAgra Foods (NYSE:CAG), Constellation Brands (NYSE:STZ) and Darden Restaurants (NYSE:DRI) are to report on Thursday.

5. Global manufacturing data

China, the U.K. and the U.S. are all to release survey data on manufacturing activity on Friday.

The data will be closely watched for signs that the global economy is losing momentum.

BREXIT Aftermath - In Pictures

03:01:00 BREXIT No comments

REACTIONS FROM LEADERS AND THE PUBLIC IN LONDON AND EUROPE ON THE EU REFERENDUM RESULT - IN PICTURES

David Cameron makes a speech after the result at Downing Street in which he announced his resignation and that he would be stepping down in October

Photograph: Graeme Robertson for the Guardian

David Cameron makes a speech after the result at Downing Street in which he announced his resignation and that he would be stepping down in October

The prime minister with his wife, Samantha, outside 10 Downing Street

Photograph: Stefan Rousseau/PA

Jeremy Corbyn, leader of the Labour party, is followed by journalists as he walks towards the Houses of Parliament

Photograph: Rob Stothard/Getty Images

Donald Tusk, the president of the European council, arrives for a statement on Brexit at the EU headquarters in Brussels

Photograph: John Thys/AFP/Getty Images

Nigel Farage, the leader of Ukip and the Vote Leave campaign, speaks to the assembled media at College Green, Westminster

Photograph: Mary Turner/Getty Images

Boris Johnson leaves his home in Islington, north London

Photograph: Sean Smith for the Guardian

Traders from BGC, a global brokerage company in Canary Wharf, London’s financial centre, react during trading

Photograph: Russell Boyce/Reuters

Jeremy Corbyn, the leader of the opposition Labour Party, watches Prime Minister David Cameron resign.

Photograph: Toby Melville/Reuters

Jeremy Corbyn at a Radio 5 interview outside the Houses of Parliament. He paid tribute to David Cameron, after his decision to step down. ‘The way he handled the Bloody Sunday inquiry and the apology ... I would praise him for that.’ He also described the ‘very decent and generous way’ in which he behaved over their joint visit to Birstall after the death of the Labour MP Jo Cox, and ‘on gay marriage ... he was very brave on that and faced down his own party’.

Photograph: Hannah McKay/EPA

Labour Party Jeremy Corbyn gives a radio interview outside the Houses of Parliament on Radio 5

France’s Front National leader Marine Le Pen gestures as she speaks to journalists at the FN headquarters in Nanterre, calling for referendums on EU membership in France

Photograph: Matthieu Alexandre/AFP/Getty Images

A journalist watches David Cameron’s speech in response to the result of the UK’s EU referendum on her smartphone before a press statement by the Austrian chancellor, Christian Kern

Photograph: Christian Bruna/EPA

Stanley Johnson, the father of Boris Johnson, speaks to journalists outside the Houses of Parliament in a remain sweatshirt

Photograph: Rob Stothard/Getty Images

Michael Gove and Boris Johnson hold a press conference at Vote Leave headquarters in London. Gove paid tribute to Cameron: ‘He should be remembered as a great prime minister’

Photograph: Stefan Rousseau/AP

Vote Leave campaigners Michael Gove and Boris Johnson hold a press conference at Vote Leave headquarters in London

The French president, François Hollande, after making a statement about Britain’s referendum result

Photograph: Stephane Mahe/Reuters

Boris Johnson pays tribute to David Cameron as a ‘brave and principled man’. He said holding the referendum was ‘right and inevitable’

Photograph: Stefan Rousseau/AFP/Getty Images

Former London Mayor Boris Johnson speaks during a press conference in central London

Tourists and workers watch a big screen outside the London Stock Exchange showing Boris Johnson speaking

Photograph: Matt Dunham/AP

The European commission president, Jean-Claude Juncker, prepares to speak at a news conference

Photograph: Olivier Hoslet/EPA

Photojournalists aim their cameras at Jean-Claude Juncker during his speech

Photograph: Olivier Hoslet/EPA

The German chancellor, Angela Merkel, addresses reporters after meeting with German parliamentary groups and ministers to discuss the Brexit result

Photograph: John Macdougall/AFP/Getty Images

An EU flag, with a hole cut in the middle, flies at half-mast outside a home in Knutsford

Photograph: Christopher Furlong/Getty Images

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View the original article from The Guardian HERE.

EU/UK Referendum Results: BREXIT Beats BREMAIN

17:00:00 BREXIT No comments

Complete Results Breakdown

Watch EU Referendum Coverage LIVE Online: Streaming Video of BREXIT Vote

13:14:00 BREXIT, Live No comments

Countdown BREXIT Tracker: Market Overview In Action (4-hourly Interval)

18:34:00 BREXIT, Market No comments

[Tracking concluded at MYT 6.00am Friday]
[Results from poll stations between MYT 7.00am - MYT 1.00pm Friday] Results Please Click Here !
[Official Results expected to be announced between MYT 3.00pm - MYT 5.00pm Friday]

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New Changes in Market Requirements Ahead of BREXIT

18:30:00 Notification No comments

Dear fellow Prestos,

Attached herewith please find the latest notice from FXPrestige Client Support Department regarding the new changes in Margin Requirements Ahead of BREXIT. Understandable, this should super-cede the earliest notification as per current market condition.

Please check your inbox in case of any overlooking circumstances.

Salam Nuzul Al-Quran

18:26:00 Greetings, Islamic No comments

17 Ramadan 1437H

Trader Song - Forex Is My Life

12:43:00 Retreats No comments

Ahead BREXIT: Full List of Individual Polls (Sep 9, 2010 - Jun 18, 2016)

00:19:00 BREXIT No comments

CLICK HERE FOR THE FULL LIST

5 Things to Watch on the Economic Calendar This Week

23:39:00 Fundamental Analysis, News No comments

Investing.com - In the week ahead, market players will be turning their full attention to a highly anticipated referendum on whether Britain remains in the European Union on Thursday.

Prior to the referendum, Federal Reserve Chair Janet Yellen’s monetary policy testimony in Congress on Tuesday and Wednesday will attract the markets’ attention.

In terms of U.S. data, existing and new home sales as well as durable goods orders will be in focus as traders attempt to gauge the health of the economy.

Elsewhere, investors will be looking to Thursday’s survey data on euro zone business activity, as well as a pair of reports on German business confidence, for fresh indications on the health of the region’s economy.

Ahead of the coming week, Investing.com has compiled a list of the five biggest events on the economic calendar that are most likely to affect the markets.

1. British EU referendum

The U.K. will vote on a referendum to decide if it continues to be a part of the European Union on Thursday, with polls closing at 21:00GMT. The result will likely be projected early Friday, before the official vote count is announced, based on preliminary vote counts and exit polling.

The June 23 vote could have big implications for the global economy. Analysts say if the vote is to leave, the pound could drop sharply, stocks and commodities would sell off, while safe-havens, like gold and bonds, will see increased demand. A vote to stay may have the opposite effect, causing a snap back in the pound and risk assets and a sell-off in bonds.

Voters in the U.K. appear to be evenly split on whether to support a departure by the U.K. from the European Union. While the "Remain" campaign held as much as a 70-30 lead several months ago, the "Leave," vote has surged ahead in several prominent polls last week.

2. Fed Chair Yellen testifies

Federal Reserve Chair Janet Yellen is set to deliver her semi-annual monetary policy testimony on the economy before Senate and House committees in Washington DC on Tuesday and Wednesday.

Yellen is scheduled to testify on the economy before the Senate Banking Committee at 14:00GMT, or 10:00AM ET, Tuesday. On Wednesday, Yellen will appear in front the House Financial Services Committee also at 14:00GMT, or 10:00AM ET.

Little news is expected from the Fed chair, after the U.S. central bank released updated forecasts on the economy and interest rates following last week’s policy meeting.

3. U.S. housing, durable goods data

The National Association of Realtors is to release data on existing home sales for May at 14:00GMT, or 10:00AM ET, on Wednesday, amid forecasts for a gain of 1.1% to 5.54 million, following an increase of 1.7% a month earlier.

On Wednesday, the Commerce Department is to publish a report on new home sales for May at 10:00AM ET. The data is expected to show a drop of 8.0% to 565,000, following a jump of 16.6% in April.

The U.S. is to close out the week with a report on May durable goods orders at 12:30GMT, or 8:30AM ET, Friday. The data is expected to show that orders for durable goods slumped 0.5% last month, following a gain of 3.4% in April, while core orders are forecast to inch up 0.2% after rising 0.5% a month earlier.

4. Flash euro zone PMIs for June

The euro zone is to publish preliminary data on manufacturing and service sector activity for June at 08:00GMT, or 4:00AM ET, on Thursday, amid expectations for a modest decline.

Ahead of the euro zone PMI's, France and Germany will release their own PMI reports at 07:00GMT and 07:30GMT respectively.

5. German business surveys

A pair of reports on June German business sentiment will also be in focus. The ZEW Institute will publish its German business climate index at 09:00GMT on Tuesday, while theIfo research institute will release its own report at 08:00GMT on Friday.

Notification On Changes In Spread And Margin Requirements Ahead of BREXIT

08:23:00 Notification No comments

To all fellow Prestos,

As per email notification from FXPrestige Support Department dated 17th June, 2016, 4:25pm MYT.
In case of overlooking, please check your inbox for further perusal.