Sherif Hasan / Profil

US energy secretary says agreed with Saudi energy minister that oil market still has more supply than demand (US energy secretary speaks after meeting with Saudi energy minister in Beijing) Says: Saudi energy minister sees oil market in balance towards the end of 2016 He expects oil market to be...

Australian Industry Group (AiG) Performance of Manufacturing Index for June comes in at 51.8 prior 51...

1.3500 was nice. 1.3219-22 eyed below The GBPUSD tumbled lower on the back of the BOE Carney comments and in the process solidified the 1.3500 level as a key line in the sand. The level was the low price going back to January 2009. The high price's today stalled at 1...

Dovish BOE talk adds to gains The S&P 500 is up 22 points to 2092 after briefly trading in negative territory at the start of the day. The idea isn't that global growth will be any better. It's that central banks will never hike rates and will do whatever it takes to achieve 1-2% growth...

Apparently on social media Michael Steen the ECB press officer has apparently scotched the story. The euro's bounced but you know the saying, nothings official until it's been officially denied...

Here's some quick thoughts on what the BOE may choose to use Firstly, I'm not pulling a rate cut off the table but I think it's a low probability, just from assessing Carney's comments and tone...

Into the Q&A All MPC members are committed to discharging their duties whatever the Government Bank can react more rapidly than other institutions This meeting is part of our communication Bank can meet any time and make a decision...

Here's the speech link and the pertinent parts Here's the main important part of the speech. "The Committee will make an initial assessment on 14 July, and a full assessment complete with a new forecast will follow in the August Inflation Report...

GBPUSD to 1.3245 from 1.3425. EURGBP 0.8380 from 0.8275 He's waffling on now about the possible effects of Brexit on the economy and the BOE's role in getting through it. The seed is sown though. They'll talk in July and maybe act in August...

BOE's Carney impromptu speech Economic outlook worse MPC will make initial assessment at July 14th meeting and make a decision at August meeting Uncomfortable truth that the BOE cannot fully offset a large economic shock from leaving the EU BOE will hold ILTR repo operations weekly rather than mo...

Theresa May is the prohibitive favourite to be the next Prime Minister Even before Boris Johnson dropped out, Theresa May was the betting favourite. A poll put Johnson as the only person within striking distance. Now betting sites put her as a relative shoe-in...

Another survey from Reuters June output up 250kbpd Output led by Nigeria, Iran, Saudi Arabia and UAE Higher output held back by lower production in Iraq and Venezuela The rally this year looks like it's taking a pause as we knock around between 46 & 51...

Canadian monthly GDP Prior was -0.2% Goods -0.1% Services +0.2% Canada is one of the few countries to report on GDP every month. This is the first gain after two straight months of declines...

US initial jobless claims week ending 24 June 2016 Prior 259k. Revised to 258k Continued claims 2.120m vs 2.150m exp. Prior 2.142m. Revised to 2.140m 4 week average 266.75k vs 267.00k prior. Revised to 266.75k As near as straight down the line as you can get it...

FTSE 100 On UK index, FTSE100 we expect more gains in the short-term as the recent minor pullback appears to be a wave four within an uptrend. We are looking for wave five to rally towards 6350-6400...

Chinese Caixin Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China...

EURUSD Daily Analysis EURUSD (1.11): EURUSD has been bullish for the past three consecutive days with yesterday’s price action filling the gap from June 24 closing price at 1.1105. Price action is now seen challenging the 1...

Australia goes to the polls about a week after Brexit. This could shape the direction of the Aussie while the world is not looking...

GBP/USD is trading back at the 1.35 handle, around 400 pips off the lows seen on Monday. The reaction to Brexit was brutal but the correction is quite spectacular as well. What’s next for the pound? Will it continue higher or is the recovery over...

Brexit has hit the pound hard but the euro is doing quite well. Here is their view, courtesy of eFXnews: Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground...