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In the wake of last week's tragic events, the market has increasingly positioned for the “remain” camp to prevail in tomorrow’s referendum, but in our view there remains ample room for risk premia to come off. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 23 June 2016, 15:16 #forex
EURUSD Daily Analysis EURUSD (1.133): EURUSD has reversed its previous losses and remains trading at Monday’s open near 1.13359. Further upside is likely if support is found near 1.130 and the previous minor resistance high at 1...
Trading Systems
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Sherif Hasan, 23 June 2016, 13:44 #xauusd, technical analysis
Here we are. It’s June 23rd and everything is set for the big drama: the EU In/Out Referendum. Here are the levels for the day after, when we will get the results. Here is their view, courtesy of eFXnews: In an attempt to reduce the uncertainty, we try to benchmark “levels for the day after”...
Market News
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Sherif Hasan, 23 June 2016, 13:34
It’s always important to remember that a UK exit from the EU is also a blow to the euro. We have seen such reactions and may see them again. The team at Goldman Sachs explains the fate for the euro which may differ between the immediate reaction and the longer lasting one...
Market News
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Sherif Hasan, 23 June 2016, 13:32
There is no rest for pollsters nor markets on the eve of the big vote. Two fresh polls show are showing a last moment lean against Leave and for Remain. This is different from the very tight polls released earlier in the day. YouGov shows 51% for Remain and 49% for Leave with no undecideds...
Market News
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Sherif Hasan, 23 June 2016, 13:30
Australia used to be a British colony, but that’s certainly not the reason that a potential Brexit could have on the Aussie dollar...
Analytics & Forecasts
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Sherif Hasan, 23 June 2016, 13:27
Brexit or Bremain? This is a question the whole world is asking. If Brits vote to remain in the EU, we could witness a relief rally in the pound, euro, other risk currencies and stock markets. If Brits want out, the pound could plunge, the euro will follow and so will stocks...
Market News
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Sherif Hasan, 23 June 2016, 13:25
While the pound is the center of attention ahead of the Brexit vote and the euro will follow the lead, also the safe haven yen has its role...
Trading Systems
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Sherif Hasan, 23 June 2016, 13:17
The latest opinion polls by Opinium shows a marginal lead for Leave: 45% against 44%. This is a very small change from the previous poll that showed an even picture of 44%. One can say that it shows no fresh momentum for Remain but a more careful way to look at it shows basically no change...
Market News
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Sherif Hasan, 23 June 2016, 13:15
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY...
Trading Systems
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Sherif Hasan, 23 June 2016, 13:13 #usd/jpy
The Brexit / Bremain vote is upon us, with wide ranging implications...
Currency
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Sherif Hasan, 23 June 2016, 13:12
The volume of retail sales advanced 0.9% in May, as expected, but on top of an upwards revision worth 0.2% for April. Core sales beat by jumping 1.3%, and also here, it comes on top of an upwards revision of 0.2%. USD/CAD slips under 1.2750. The low so far is 1...
Trading Systems
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Sherif Hasan, 23 June 2016, 13:09 #usd/cad
All the areas and estimated verification and count times Here's the expected schedule for the vote counts. Area Estimated time for verification Estimated time for count completion...
Market News
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Sherif Hasan, 23 June 2016, 12:49
As voting gets underway for the EU referendum here's a few thoughts 23 June 2016 Normally in the UK it's customary to reserve the right to privacy when it comes to voting but many here have asked to have the views of the ForexLive UK contingent so here's a few thoughts as to my voting bias when I...
Market News
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Sherif Hasan, 23 June 2016, 12:20
The main event today and potentially the main event this year is the UK’s EU Referendum. Throughout today the UK general public will be casting their votes on whether to remain in or leave the EU...
Market News
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Sherif Hasan, 23 June 2016, 11:28
Italy industrial orders April report 23 June 2016 prev revised down from -3.3% yy NSA -11.3% vs +0.1% prev industrial sales mm +2.1% vs -1.6% prev yy WDA +0.1% vs -3.6% prev...
Market News
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Sherif Hasan, 23 June 2016, 10:23
Provisional Germany Markit/BME June mftg PMI report 23 June 2016 52.1 prev services 53.2 vs 55.00 exp vs 55.2 prev composite 54.1 vs 54.3 exp vs 54.5 prev Good headline but others not so great...
Market News
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Sherif Hasan, 23 June 2016, 10:22
In less than 24 hours a potential market-mover is set to take the forex scene for a ride. Yep, I’m talking about the EU referendum! In case you missed it, our British friends are about to decide if they want to either stay or leave the European Union (EU...
Other
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Sherif Hasan, 23 June 2016, 09:14 #trading system
France provisional June Markit mftg PMI report 23 June 2016 48,4 prev services 49.9 vs 51.6 exp/prev composite 49.4 vs 51.0 exp vs 50.9 prev Disappointing data but EURUSD underpinned by dip demand in EURGBP and EURJPY...
Market News
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Sherif Hasan, 23 June 2016, 09:08
Voting is now underway in the UK referendum on EU membership 23 June 2016 Yes folks, after all the bluster and bitterness the UK finally gets to vote with polling stations just opened up for business. I'll be posting a few thoughts on my own position shortly as many of you have requested...
Market News
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Sherif Hasan, 23 June 2016, 08:20