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Australians go to the polls on July 2nd, and for a change, this could be a market moving event...
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Sherif Hasan, 29 June 2016, 14:29
The big Brexit decision certainly has ramifications on markets even on lands far far away. Will we see rate cuts in Australia and New Zealand...
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Sherif Hasan, 29 June 2016, 14:28
The team at Nordea give it a 30% chance and explain why: Here is their view, courtesy of eFXnews: 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...
Market News
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Sherif Hasan, 29 June 2016, 14:26
The US releases its final GDP for Q1 2016. A small upgrade is expected. The actual results is 1.1%, slightly better than 0.8% expected. Within the components, we do have a miss on personal consumption, with a downgrade to 1.5%. This is not good news. Sales did beat with 1.3% against 1.2% expected...
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Sherif Hasan, 29 June 2016, 14:25
Small steps for the pound but the buyers are gaining traction 1.3420 was resistance yesterday and today and was S&R on Monday too. GBPUSD 15m chart We've hit minor resistance up around 1.3450 and there's more waiting at 1.3470/75. 1...
Trading Systems
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Sherif Hasan, 29 June 2016, 14:15
The game of 'who blinks first' is on Just in case you're unsure what article 50 is, it's the formal notice that a country wants to leave. "Article 501. Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements. 2...
Market News
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Sherif Hasan, 29 June 2016, 14:13
June 2016 German HICP and CPI flash report 29 June 2016 Prior 0.0% 0.1% vs 0.1% exp m/m. Prior 0.4% CPI 0.3% vs 0.3% exp y/y. Prior 0.1% 0.1% vs 0.2% exp m/m. Prior 0.3...
Market News
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Sherif Hasan, 29 June 2016, 14:12
Stephen Crabb has thrown his hat into the leadership ring and is making his case Brexit result was clear, UK will leave the EU Article 50 discussion must happen after uniting the party and the country My goal is to create stability (when asked about a possible General election) Control in immigra...
Market News
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Sherif Hasan, 29 June 2016, 13:22
US ratings agency out with a client note 29 June 2016 UK to face large investment shock post-Brexit 2017 & 2018 GDP to fall to around 1% uncertainty to prompt firms to delay investment, hiring decisions Say Fitch...
Market News
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Sherif Hasan, 29 June 2016, 13:08
A few items to keep an eye to gauge the reaction to Brexit I won't labour the point that we face many months of uncertainty now the vote is cast but even with that uncertainty, we can still identify the clues that will tell us how to trade it...
Market News
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Sherif Hasan, 29 June 2016, 13:05
EUR/USD. We are adjusting our EUR/USD forecasts in line with what we communicated before and immediately after Brexit. We now forecast EUR/USD at 1.09 in 1M (1.11 previously), 1.07 (1.10) in 3M, 1.10 (1.14) in 6M and 1.14 (1.18) in 12M. Copy signals, Trade and Earn $ on Forex4you - https://www...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 12:39 #usd/cad
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. There is no change to the bearish EUR view; the current movement is viewed as a short-term consolidation phase which should lead to further EUR weakness towards 1.0820 in the coming days GBP/USD: Bearish: A move to 1...
Sailing into the unknown: FX markets were surprised by the Brexit vote. The implications of the referendum result are hard to nail down, but we expect them to be negative in most scenarios...
EURJPY: The pair remains biased to the upside on correction though retaining its broader medium term downtrend. Support comes in at the 113.00 level where a break will aim at the 112.50 level. A turn below here will target the 112.00 level with a breach turning focus to the 111.50 level...
Analytics & Forecasts
  • 69, 29 June 2016, 12:00
June 2016 Eurozone economic sentiment and final consumer confidence report 29 June 2016 Prior 104.7 Business climate 0.22 vs 0.26 exp. Prior 0.26 Industrial sentiment -2.8 vs -3.4 exp. Prior -3.6 Services sentiment 10.8 vs 11.0 exp. Prio r11.3...
Market News
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Sherif Hasan, 29 June 2016, 11:03
UK mortgage approvals and consumer credit data Prior 66,250. Revised to 66,205 Mortgage lending 2.842bn vs 2.200bn exp. Prior 0.281bn. Revised to 0.112bn BOE consumer credit 1.503bn vs 1.400bn exp. Prior 1.287bn. Revised to 1.294bn credit card lending 418m vs 333m prior. Revised to 326m...
Market News
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Sherif Hasan, 29 June 2016, 10:44
European equity rally is bringing a few euro sellers out of the woodwork 29 June Funding currency correlation returns along with some Brexit fallout concern...
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Sherif Hasan, 29 June 2016, 10:43
More German regional CPI readings 29 June yy-0.1% vs -0.2% prev Hesse mm -0.1% vs +0.4% prev yy 0.0% as prev Bavaria mm +0.1% vs +0.4% prev...
Market News
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Sherif Hasan, 29 June 2016, 10:41
Spanish June CPI report 29 June 2016 yy -0.8% vs -0.9% exp vs -1.0% prev HICP flash mm +0.4% vs +0.3% exp vs +0.5% prev yy -0.9% vs -1.0% exp vs -1.1% Stronger than expected inflation data will be welcome news but still wobbly...
Market News
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Sherif Hasan, 29 June 2016, 10:40
Saxony June CPI report 29 June 2016 yy+ 0.4% vs +0.1% prev ex-fuel/heating mm +0.1% yy +1.0% ex energy/seasonal foods mm+0.1% yy +1.4% Lower mm. Higher yy. First of the German regionals with whole of German CPI out at 12.00 GMT...
Market News
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Sherif Hasan, 29 June 2016, 10:39