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USDCHF Daily Forecast: July 01 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9727. The bias is bearish in nearest term testing 0.9670. Immediate resistance is seen around 0.9800...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 06:09 #usdchf
This is the private survey manufacturing PMI. It's a different survey, different firms surveyed than in the official survey we got earlier. Tending to be smaller firms than those in the official survey. Caixin Manufacturing PMI 48.6 expected 49.2, prior 49...
Market News
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Sherif Hasan, 1 July 2016, 05:58
The big risk is a bunch of politicians will win I guess. OK ... lets get on with it. Expectations are that the current government will win the election. But its not as if it'll be a landslide and the Opposition is in with a chance...
Market News
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Sherif Hasan, 1 July 2016, 05:57
The Bank of Japan wants to hear your problems! Bloomberg report on enhanced communication activities at the bank: The BOJ has added its own surveys of investors and primary dealers since last year, on top of separate Ministry of Finance panel discussions with traders and economists...
Market News
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Sherif Hasan, 1 July 2016, 05:55
The Bank of Japan's Tankan Survey. Its a survey of manufacturing and service companies designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly...
Market News
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Sherif Hasan, 1 July 2016, 05:54
Japanese inflation data, National for May and Tokyo for June National CPI -0.4% y/y, expected is -0.5%, prior was -0.3% National CPI y/y excluding Fresh Food, -0.4% expected is -0.4%, prior was -0.3...
Market News
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Sherif Hasan, 1 July 2016, 05:53
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...
Crude Oil
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Sherif Hasan, 1 July 2016, 05:52 #crude oil
Australian Industry Group (AiG) Performance of Manufacturing Index for June comes in at 51.8 prior 51...
Market News
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Sherif Hasan, 1 July 2016, 05:51
AUDUSD. With the pair remaining biased to the upside, more strength is expected. On the downside, support resides at the 0.7400 level where a breach will aim at the 0.7350 level. Below that level will set the stage for a run at the 0...
Analytics & Forecasts
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EUR/USD: Upticks are seen as an opportunity to sell at better levels. We are bearish and look for a move lower towards initial targets near Friday’s 1.0910 lows and then the 1.0840 area. Beyond there we are looking towards 1.0710. Copy signals, Trade and Earn $ on Forex4you - https://www...
Content courtesy of Tallinex Limited https://www.tallinex...
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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...
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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...
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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...
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Sherif Hasan, 30 June 2016, 17:32