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Japan April All Industries Activity index 21 June 2016 +0.2% prev revised up from +0.1% Better than expected but not a price changer in its own right, especially with so much else going on right now...
Market News
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Sherif Hasan, 21 June 2016, 06:55
BoA / ML on euro, yen and Swiss franc (oh, and the GBP) We expect both GBP/USD and GBP/JPY to be the major causalities as Brexit triggers a broader risk-off wave. Our Japanese strategists believe USD/JPY is likely to fall decisively below ¥100 and is technically vulnerable to a move toward ¥95...
Market News
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Sherif Hasan, 21 June 2016, 05:23
Reserve Bank of Australia June meeting minutes out now Appreciation of AUD could complicate adjustment of economy to the lower terms of trade Board judged leaving rates steady at June 7 meeting was consistent with sustainable growth Low interest rates and weaker AUD since 2013 helped support abov...
Banks
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Sherif Hasan, 21 June 2016, 05:21
Here's a piece from Reuters on liquidity considerations as we head into June 23 It's a good background read on structural developments in markets: ... prices, especially exchange rates, suddenly taking off in one direction or the other...
Market News
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Sherif Hasan, 21 June 2016, 05:19
Bank of Japan April monetary policy board meeting minutes Underlying trend in inflation improving gradually Japan's economy continuing to recover gradually A few members more cautious on outlook for Japan inflation trend Should consider more flexible JGB purchases...
Market News
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Sherif Hasan, 21 June 2016, 05:17
Actually, its author J.K Rowling ... but since she is the creator of the 3 in the headline I've taken a bit of licence...
Market News
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Sherif Hasan, 21 June 2016, 05:15
I'll keep this brief, if you want a detailed nitty gritty timetable of when, for example, Upper Kumbuckta West will declare, this ain't it. Forget Shakespeare, this is the question: Should the United Kingdom remain a member of the European Union or leave the European Union...
Market News
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Sherif Hasan, 21 June 2016, 05:12
The results of the Reuters Tankan survey for June. Via, errr, yeah, Reuters. Headline results: June manufacturers' sentiment index +3 vs +2 in May Service-sector firms' index hit three-year low of +17 (from 19 in May...
Market News
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Sherif Hasan, 21 June 2016, 05:11
Coming up during the European session on Tuesday, something to keep an eye out for Germany's constitutional court rules on the legality of the European Central Bank's outright monetary transactions (OMT) scheme The OMT gives the ECB powers to buy the debt of financially strained member countries...
Market News
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Sherif Hasan, 21 June 2016, 05:09 #ECB
The UK Telegraph report: George Osborne refuses to rule out suspending trading on the London stock market if Britons vote for Brexit Also suggested that redundancy notices could be issued hours after Britons vote to leave the EU at the vote Chancellor osborne speaking in an LBC radio interview on...
Market News
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Sherif Hasan, 21 June 2016, 05:07
Legendary trader George Soros writing in an op-ed for the Guardian newspaper British voters "grossly underestimating" true costs of Brexit Says value of pound would "decline precipitously" in the event of a Brexit Sterling almost certain to "fall steeply and quickly" if Britain votes to leave EU...
Market News
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Sherif Hasan, 21 June 2016, 05:06
Here are the 2 polls just out, in the order they hit: Brexit poll: ORB 53 remain, 46 leave Next Brexit poll - NatCen: 53% Remain, vs. 47% Leave YouGov Brexit poll: 42 % Remain vs. 44% Leave GBP on the 'Remain' winning results (the first two to hit) ... a bit of a pop...
Market News
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Sherif Hasan, 21 June 2016, 05:04
GOLD: The commodity continues to retain its upside pressure leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
Analytics & Forecasts
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FXTechstrategy.com, 21 June 2016, 03:36 #gold
EUR/USD: We are bullish. Friday’s up-day endorses the prior base candle and signals higher in range towards initial targets near 1.1420. A move above would point higher towards the 1.1505 area. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USD/JPY flat despite risk rally The conditions are nearly perfect for a rally in USD/JPY but the pair is stubbornly soft. A rally to 104.85 earlier has been beaten back and the pair is at a session low of 104.24, virtually erasing a gap higher at the open...
Market News
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Sherif Hasan, 20 June 2016, 20:00
Japanese exporters halt yen-buying - Nikkei Asian Review The Nikkei Asian Review reports that Japanese exporters have cut yen buying because of the post-BOJ jump last week. The story is what may be hitting USD/JPY now. The pair has dropped 30 pips in a flash and took out 104.00...
Market News
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Sherif Hasan, 20 June 2016, 20:00 #Nikkei
Talk that today's polls will be released in about 4 hours Just what this crazy market needs is two polls showing the 'leave' side way ahead...
Market News
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Sherif Hasan, 20 June 2016, 19:55
Results of the US 2-year note auction Was trading at 0.740% on the bid side in the when issued market Prior was 0.920% Bid to cover at 2.72 vs 3.00 prior The market has shifted a long way from a month ago when the Fed was stoking rate hike talk...
Market News
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Sherif Hasan, 20 June 2016, 19:52
Retail brokers are tightening up ahead of the big vote It's almost becoming a daily event that the emails get pinged around from brokers warning of margin changes. IG will be increasing GBP fx pairs margins to 6% from 14.00 GMT Wednesday...
Currency
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Sherif Hasan, 20 June 2016, 18:53
The first article was about identifying what type of trader you may be. We wrote that might want to take a personality test to see where you stand in the continuum along impulsive to conservative...
Trading Strategies
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Sherif Hasan, 20 June 2016, 18:50