Sherif Hasan / Profil

More details from last night's attack 29 June 2016 My sad duty to report another tragic event, this time at Istanbul's Ataturk airport 3 attackers opened fire near entry point to terminal then blew themselves up PN Binali Yildirim said early signs suggested the so-called Islamic State was behind...

Apparently there is this little rainy island off the coast of France, and its currency (big round stones with a hole in it) has 'reserve status' Go figure...

Nordea says it's 30% Analysts from Nordea on scenarios after the Brexit referendum: In Q4 2016, the new prime minister triggers Article 50 of the EU Treaty by notifying the EU that the UK intends to leave. That opens a two-year window for negotiating a withdrawal agreement...

Forex trading is never a one way street. What comes down must come up, at least temporarily. And that is the big question for the pound. The third trading day following the Brexit night sees a positive trend for the pound after huge falls beforehand. GBP/USD is 200 pips off the low of 1...

GBPUSD fell sharply lower last week after vote counts for EU membership showed that the UK wants to leave the Euro zone. The pair fell to a new low which was technically expected as you know since we counted the bounce from 1.3850 as a corrective fourth wave...

EURUSD Daily Analysis EURUSD (1.105): EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict...

ECB President Mario Draghi is speaking in the ECB conference in Sintra, Portugal. Also BOE Governor Mark Carney and Fed Chair Janet Yellen were scheduled to speak but their appearances have been cancelled. The reason is obvious: Brexit...

The New Zealand dollar enjoyed good data coming out of the country but but reversed course on the risk-off sentiment related to Britain’s EU Referendum. The upcoming week features 3 local events and the big Brexit decision...

EUR/USD is trading higher within the recent range of 1.0960 to 1.1070, off the post-Brexit low of 1.0905 but certainly below previous levels. This seems like necessary correction that goes hand in hand with a bounce in the value of the pound...

Following Brexit, the pound suffered quite a bit. However, today we are seeing some stabilization. Can it recover...

Article 50 of the European Treaty triggers fear among British policymakers. It seems that nobody wants to touch it with a barge pole. Will the Bregret turn into a Bremain instead of Brexit...

It was quite a surprise when the US Federal Open Market Committee released its statement following the 15 June monetary policy meeting: “…Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed… …Although the...

The British decision to leave the EU continues sending shock-waves through financial markets with wide ranging implications. In currency markets, the biggest victim is obviously the pound, with the euro following suit...

Soothing words for markets from Osborne? That helped for a very short time and resumes its falls and is basically on its own. While there is a general “risk off” atmosphere which also weighs on the euro and commodity currencies, the fall in the value of GBP is at a higher order of magnitude...

Further comments from the Chancellor We should move towards arrangement that provides the closest possible economic ties with our neighbours Urgency is required to establish new arrangements with EU There has been no disorder in financial markets Does not expect the situation to deteriorate but h...

The US has another crack at picking a number for its Q1 GDP at 12.30 GMT Despite closing off Q2 this week, the US is still trying to get Q1 data right. The last showing of 0.8% GDP is expected to rise to 1.0% in the final reading. Consumer spending stayed at 1...

Details of the final Q1 2016 US GDP data report 28 June 2016 2nd est 0.8% Advance 0.5% Q4 2015 1.4% Personal consumption 1.5% vs 2.0% exp. Prior 1.9%. Q4 2015 2.4...

The Fed has repeatedly been upbeat on consumers The US GDP Q1 final revision was slightly higher than expected but it raises fresh questions about future growth. Consumer spending was revised down to +1.5% from +1.9%. Economists had expected a boost to 2.0...

Details of the April 2016 US Case Shiller house price index report 28 June 2016 Prior 0.9% 5.4% vs 5.4% exp y/y. Prior 5.4%. Revised to 5.5% NSA 1.1% vs 0.9% prior m/m. Prior revised to 1.0% US HPI 5.03% vs 5.15% prior y/y. Revised to 5.11...

USD/JPY nears Monday's high of 102.48 The pair is just a couple pips below Monday's high as stock markets open. It's bounce day but will it be of the dead cat variety? The strength of the bounce is often a good indicator of the strength of the trend...