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Events
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1246536 Ernest G., 30 June 2016, 20:41
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...
Trading Systems
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Sherif Hasan, 30 June 2016, 20:05
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...
Market News
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Sherif Hasan, 30 June 2016, 19:30
EUR/USD Current price: 1.1107 The common currency extended its recovery against the greenback to fresh weekly highs, reaching 1.1154, following the release of better-than-expected European inflation. According to the Eurostat flash estimate, inflation is expected to be up in June by 0...
Analytics & Forecasts
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Mirza Baig, 30 June 2016, 19:12
GBP/USD dropped more than a hundred pips during the last hour as the pound tumbled across the board after comments from Mark Carney, the Governor of the Bank of England (BoE...
Market News
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Mirza Baig, 30 June 2016, 19:10
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...
Market News
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Sherif Hasan, 30 June 2016, 18:37 #ECB
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...
Analytics & Forecasts
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Sherif Hasan, 30 June 2016, 18:33
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...
Banks
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Sherif Hasan, 30 June 2016, 18:32
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...
Banks
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Sherif Hasan, 30 June 2016, 17:33
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...
Currency
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Sherif Hasan, 30 June 2016, 17:32
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...
Banks
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Sherif Hasan, 30 June 2016, 17:29 #Bank of England
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...
Market News
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Sherif Hasan, 30 June 2016, 17:27
EUR/NZD Analysis for June 30, 2016 Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 16:16
U.S. Weekly Jobless Claims Rise From Nearly Two-Month Low Reflecting a rebound from a nearly two-month low, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose by a little more than expected in the week ended June 25th...
Market News
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Roberto Jacobs, 30 June 2016, 16:09
Gold Analysis for June 30, 2016 Since our previous analysis, gold has been trading sideways at the price of $1,318.50. According to the 30M time frame, I found the key point of control from the massive bullish day in the background is set at the price of $1,317.50...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 16:05
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...
Market News
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Sherif Hasan, 30 June 2016, 15:42
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...
Market News
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Sherif Hasan, 30 June 2016, 14:48
Gold Slides Near $1320, Fed's Bullard In London Gold futures eased Thursday morning as stocks were set to pause after a volatile period brought on Britain's vote to leave the European Union. It appears the worst of the Brexit crisis has passed, but traders remain attracted to gold as a safe haven...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 14:46
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...
Market News
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Sherif Hasan, 30 June 2016, 14:46
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...
Wave Count
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Sherif Hasan, 30 June 2016, 14:44 #FTSE 100