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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
Can you believe it’s only been four days since Britain has officially voted OUT of the EU? Over the past couple of days the U.K. has lost its Prime Minister, companies have lost millions (if not billions) in financial market losses, S&P and Fitch have downgraded the U.K...
Trading Systems
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Sherif Hasan, 29 June 2016, 09:19
Positive tones following on from the futures market 29 June 2016 FTSE +1.4% DAX +1.2% CAC40 +1.2% FTMIB +1.6...
Market News
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Sherif Hasan, 29 June 2016, 09:16
European Central Bank vice-president Constancio talking to CNBC 29 June Inspired. Just where does he pull these huge insights from?! must wait some days to see market development post- Brexit fundamentals have not changed for banks after Brexit Thanks for popping in. See yourself out...
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Sherif Hasan, 29 June 2016, 08:23 #ECB
Positive session for Japanese equities 29 June 2016 +243.69 open 15523.35 high 15626.66 15398.31...
Market News
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Sherif Hasan, 29 June 2016, 08:11 #Nikkei
Your Economic Data/Events Calendar for today 29 June 2016 Sad news to greet me this morning, as if we needed reminding how fragile is this world of ours right now, and seemingly on a downward spiral. Busy data calendar ahead. As always I wish you a good session. Times GMT...
Market News
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Sherif Hasan, 29 June 2016, 06:58
More details from last night's attack 29 June 2016 My sad duty to report another tragic event, this time at Istanbul's Ataturk airport 3 attackers opened fire near entry point to terminal then blew themselves up PN Binali Yildirim said early signs suggested the so-called Islamic State was behind...
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Sherif Hasan, 29 June 2016, 06:36
Apparently there is this little rainy island off the coast of France, and its currency (big round stones with a hole in it) has 'reserve status' Go figure...
Market News
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Sherif Hasan, 29 June 2016, 06:04
USDCHF: With continued upside pressure seen, more strength is envisaged. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level...
Analytics & Forecasts
  • 73, 29 June 2016, 04:07
Investment bank JPMorgan have updated their latest foreign exchange forecasts in reaction to the Brexit event. Naturally, the biggest focus of the forecast changes would be felt by the sterling complex owing to the risk scenario that Brexit implies over coming months. Q3 targets are 1...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 21:17
Analysts from TDS think that after the UK referendum results, the Bank of England (BoE) will cut the interest rate to zero. “We expect the UK to enter a brief and shallow recession as heightened uncertainty from the Leave referendum win weighs on both household and firm demand...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 21:13
Looking for bearish ‘quasi GBP’ trades makes sense, but focusing on EUR is wrong...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 21:10
Nordea says it's 30% Analysts from Nordea on scenarios after the Brexit referendum: 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, 28 June 2016, 20:10
Forex trading is never a one way street. What comes down must come up, at least temporarily. And that is the big question for the pound. The third trading day following the Brexit night sees a positive trend for the pound after huge falls beforehand. GBP/USD is 200 pips off the low of 1...
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Sherif Hasan, 28 June 2016, 20:05
GBPUSD fell sharply lower last week after vote counts for EU membership showed that the UK wants to leave the Euro zone. The pair fell to a new low which was technically expected as you know since we counted the bounce from 1.3850 as a corrective fourth wave...
Wave Count
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Sherif Hasan, 28 June 2016, 20:04
EURUSD Daily Analysis EURUSD (1.105): EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict...
Trading Systems
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Sherif Hasan, 28 June 2016, 20:00 #xauusd, technical analysis