Unemployment in the European Union stabilized in July

Unemployment in the 28 countries - members of the European Union stabilized in July for the third consecutive month, to a 7-year low of 8.6 percent.
EU unemployment rate in July remained at the level from June - 8.6% and below the level of 9.4% a year earlier. Thus European unemployment remains for the third consecutive month at its lowest level since March 2009, according to Eurostat.
According to European statistics, a total of 21.063 million Europeans were unemployed in July, compared to June is a marked decrease of the unemployed in the EU with 29 000 and 1.688 billion compared to July 2015.
The lowest unemployment rate in July was registered in Malta (3.9%), followed by the Czech Republic (4.2%) and Germany (4.2%), while the highest was unemployment in Greece (23.5%) and Spain (19.6%).
In July, a total of 4.276 million young people aged under 25 were unemployed in the EU, this represents a decrease in youth unemployment by 310,000 compared to July 2015.

What after Brexit? (Part 3)

The next round of races will begin in July

The next week will probably be "just the dust settler". Scattered brains will be collected in a heap. There will be a series of meetings, consultations including the EU summit.
A place of speculation will find the petition for review of the results of the referendum, but as Cameron, count him already resigned, is not "the leader of the remainers", petition's fate is uncertain.
Next week will be full of twists. It is necessary to look further to the liquidity and volatility.
Friday will be important, with the coming of July 1 - Manufacturing PMI data will come from Britain and the United States, non-farms will follow soon after.
July will be no less "hot" - to all other will join quarterly reports for the second quarter of 2016.

How Brexit differs from the Black Wednesday?

On the eve of Brexit, George Soros warned that the exit of the UK from the EU can turn into bigger losses for the pound, than in "Black Wednesday" in '92. The investor seems to be earned well, as the last time.

So, how Brexit differs from the Black Wednesday?

Most of all, by the volume of the impact.
Probably we'll observe the effect of the snowball for months or even years and nobody's capable to forecast the actual damages for the world economy.

What after Brexit? (Part 2)

The consequences for the fundament

In Moody's said that Brexit will reduce US GDP by 0.1%.
The probability of increasing the interest rates by the Fed significantly reduced: 0% in July, 25% in December. It is worth noting such subtlety - Janet Yellen on Tuesday, June 21, was very careful in her speech before Congress, which gives reason to believe - after Brexit Fed altogether may refuse further rate hikes this year.
The probability of reducing Australia's interest rate is 50%.
The Bank of England will probably go on and should further with softening of the economy: lower rates, the increase in the money supply.
Political News will dazzle, as begins the long process of negotiations between EU and Britain, which likely will start only after replacing Cameron (in October, he will be out of duty). EU zone will be under constant pressure of political and economic uncertainty in the next couple of months.
The Swiss bank will continue to intervene in the currency market.
UK labor market will fall. Key global banks have already announced a smooth transfer of the headquarters to other European countries (talking about J.P.Morgan, HSBC, Deutsche Bank).
Scotland said that their destiny is tied up with the EU for which they voted (62% of the stay in the EU) - and they threaten to prepare a new referendum on the exit from the UK. With the same mood stays also the Northern Ireland.

What does Brexit mean to for the news trade?

Reaction of the central banks will follow, which opens up additional prospects - to the trade on the news actively will connect two indicators: the interest rates and quantitative easing program.

What after Brexit? (Part 1)

Brexit is a fact, you could already read tons of analyticss about the future, as a rule, "gloomy". I see prospects for trade on the news, that the UK opened for us, and they are countless... For breakfast let's see if Brexit looks cooler than "Black Wednesday" 92-th...

Briefly about Brexit

Results of the referendum: "Leave" - 51.9%;

Cameron, the Prime Minister resigns in October, on its own initiative.

GBP/USD dropped to 10%.

London stock market fell 8%.

FTSE 100 fell more than 500 points.

The cost of shares of the largest British bank Barclays fell 30%.

Fitch and Moody's believe: the referendum results are negative for all sectors of the British economy.

There were interventions by the Swiss Bank to weaken the franc.

Post factum

Some Britons are concerned about the lack of a clear advantage for such a serious decision and a petition for a second referendum gained more than 2,900 mln. signatures:

This number of votes, according to the legislation, requires a response not only from the government but also from the parliament, as the thresholds of 10 thousand and 100 thousand signatures respectively were instantly overcome. An interesting fact is that the majority of MPs want to see Britain in the EU. The results are not be able to return, but to find loopholes that could significantly alleviate the process is quite possible.

On June 28 will be held an extraordinary EU summit regarding the results of the referendum.

Moody's lowered the credit rating of the UK from "stable" to "negative", while the level of Aa1 remained unchanged.

Who else can get out of the EU as well as the press says about the domino effect: the Netherlands, France, Finland - are the first candidates. We can remember about Spain, Italy, the list goes on. According to polls, held in Germany, 30% of the citizens also want a referendum.

Let me remind, that a similar referendum was held last year in Greece, the vote also confirmed Grexit, but the government has ignored this fact.

The ECB suggests the presence of "hundreds of millions of euros to cover the lack of liquidity." Yes, in general all the key banks are prepared to increase liquidity injections. In turn Lagarde (IMF) confirmed the ECB and the Bank of England's readiness to support the banking system.