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Strong dollar and rising supplies weigh WTI crude is down nearly 2% in a broad commodity slump. Oil fell yesterday then rebounded on an unexpected drop in US inventories. However, all the gains evaporated and it closed at the lows yesterday...
Crude Oil
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Sherif Hasan, 16 June 2016, 15:10 #crude oil
US CPI data highlights: Prior was +0.4% m/m CPI ex food and energy +0.2% vs +0.2% m/m exp CPI +1.0% y/y vs +1.1% exp CPI ex food and energy +2.2% y/y vs +2.2% exp...
Market News
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Sherif Hasan, 16 June 2016, 15:08
June 2016 US Philly Fed business outlook index Prior -1.80 New orders -3.00 vs -1.90 prior Employment -10.90 vs -3.30 prior Prices paid 23.00 vs 15.70 prior...
Market News
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Sherif Hasan, 16 June 2016, 15:08
4- week average 269.25 vs 269.5 last The US weekly jobless claims came in at 277K vs 270k estimate. The 4-week moving average dipped slightly to 269.25K from 269.5K last week (lets call that unchanged). The continuing claims came in at 2157K vs 2140K est...
Market News
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Sherif Hasan, 16 June 2016, 15:06
Details form the May 2016 US CPI data report 16 June 2016 Prior 1.1%. Core CPI 2.2% vs 2.2% exp y/y. Prior 2.1% Real weekly earnings 0.0% vs 0.2% prior m/m. Revised to -0.1% 1.1% vs 1.3% prior y/y. Revised to 1.1...
Market News
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Sherif Hasan, 16 June 2016, 15:05
June 16, 2016. The JPY is the strongest. The CAD is the weakest. The BOJ kept rates unchanged. The stock markets are lower. The JPY pairs all have declined. that makes the JPY the weakest currency in the bunch...
Analytics & Forecasts
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Sherif Hasan, 16 June 2016, 15:04
EURUSD: The pair reversed all of its Wednesday gains during Thursday trading session to open the door for more weakness in the days ahead. On the downside, support lies at the 1.1100 level. Further down, support comes in at the 1.1050 level where a violation will aim at the 1.1000 level...
Analytics & Forecasts
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FXTechstrategy.com, 16 June 2016, 15:02
Bank of England governor Mark Carney speaks tonight at the annual Mansion House Banker's Dinner 16 June 2016 The BOE have the speech scheduled for 20.00 GMT with the text being released on their website at the same time here...
Banks
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Sherif Hasan, 16 June 2016, 15:01
Bank of England MPC meeting Minutes now poublished 16 June 2016 fall perhaps sharply after a vote to Leave due to worsening terms of trade, lower productivity, higher risk BOE now finally getting the picture that all is not well regardless of Brexit outcome of EU referendum biggest immediate risk...
Banks
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Sherif Hasan, 16 June 2016, 13:11
Details of the Bank of England's MPC monetary policy announcement June 2016 Prior 0.50% Finished QE £375bn Full statement; Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion16 June 2016​Monetary policy summary...
Banks
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Sherif Hasan, 16 June 2016, 13:09 #Bank of England
Today’s Main events will be the BoE’s Monetary Policy Summary & Meeting Minutes, early in today’s New York session, followed later in the session by US Consumer Price Index, which will be highly influential in regards to expectations and the likelihood of a July hike by the Fed...
Trading Systems
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Sherif Hasan, 16 June 2016, 13:02
Swiss National Bank head still up to the rostrum 16 June 2016 no advice to offer over BOE's reaction to a vote for Brexit have confidence in Carney I wonder if the feeling is mutual ? Secret Squirrel Jordan giving joint policy co-ordination a big thumbs down. Again...
Banks
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Sherif Hasan, 16 June 2016, 12:55
Bank of England governor Carney replies to recent criticism 16 June 2016 After many months of fending of accusations of bias BOE gov Carney has now hit back directly at those in the Leave campaign who have today warned him of intervening in the debate...
Analytics & Forecasts
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Sherif Hasan, 16 June 2016, 12:52
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 16th USD/JPY reached the lowest levels since Sept 2014 at 104.01 spot. After Fed as well as BOJ left their interest rates unchanged, the pair has found herself under bearish pressure...
Analytics & Forecasts
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EEAnalytics, 16 June 2016, 12:26
Analysis : Channel Down identified at 15-Jun-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.88 within the next 3 days. Supporting Indicators : RSI below 40 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 16 June 2016, 12:18
Ignazio Visco stating the obvious Ideally the output gap would be addressed via investment The ECB doesn't want monetary policy to be the only game in town (bit late for that chummy) ECB mon pol has substantially reduced the deflation risk...
Banks
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Sherif Hasan, 16 June 2016, 10:59 #ECB
Details from the May 2016 UK retail sales data report 16 June 2016 Prior 1.3%. Revised to 1.9% 6.0% vs 3.9% exp y/y. Prior 4.3%. Revised to 5.2% Ex-fuel 1.0% vs 0.3% exp m/m. Prior 1.5%. Revised to 2.0% 5.7% vs 3.8% exp y/y. Prior 4.2%. Revised to 4.8...
Market News
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Sherif Hasan, 16 June 2016, 10:47
German IFO institute out with their latest school report 16 June 2016 The Ifo Institute expects real gross domestic product to grow by 1.8% this year and by 1.6% in 2017. This would further reduce the output gap, which will almost close next year...
Market News
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Sherif Hasan, 16 June 2016, 10:45
European Central Bank out with its monthly bulletin 16 June 2016 stimulus from existing measures to have more impact Blimey, all go this morning. Is it time for the football yet? Full release here ( basically a re-hash of the Draghi ECB meeting statement...
Banks
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Sherif Hasan, 16 June 2016, 10:24 #ECB
Swiss National Bank chairman Jordan with his press conference 16 June 2016 Brexit vote may cause uncertainty, turbulence will monitor situation closely and act if required franc remains significantly overvalued neg rates absolutely essential tool...
Banks
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Sherif Hasan, 16 June 2016, 10:13