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Brexit should make the global outlook gloomier and we adjust our FX views accordingly. We slash our GBP forecasts, lower our projections for the European G10 currencies, maintain our bearish view on G10 commodity block and keep an overall constructive view on USD...
Analytics & Forecasts
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Vasilii Apostolidi, 2 July 2016, 10:19
S&P up 3.22% on the week. The US major indices are closing the week up nicely. The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15...
Market News
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Sherif Hasan, 2 July 2016, 06:40
Weekly positioning data from the CFTC for Forex futures as of the close on June 28 EUR 62K short versus short 61K last week. Short increased by 1K GBP 43K short versus short 52K last week. Shorts cut by 9K JPY 60K long versus long 52K last week. Longs increased by +8K on the week...
Market News
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Sherif Hasan, 2 July 2016, 06:30
Everything from playing cards to weaving, Gary Vaynechuk teach you how to create a business online of any hobby. Is book is listed as the most important guide to management of the modern enterprise. In this book, Gary describes win based on your happiness instead of your economic input...
Trading Ideas
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Jose Lourenco Claudio Junior, 1 July 2016, 19:20
Early signs of stabilization in drilling There were 330 oil drilling rigs operating in the US last week. We will get the latest update at the top of the hour. The numbers fell almost constantly since August 2015 until recently as the number fell to a low of 316 from 675...
Crude Oil
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Sherif Hasan, 1 July 2016, 19:00
More signs the ECB will wait-and-see A 'sources' report earlier this week also indicated the ECB is in no rush to act. Must keep period of uncertainty as short as possible Scope of Brexit's economic impact not yet clear Brexit to slightly dampen growth in Eurozone and Germany...
Banks
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Sherif Hasan, 1 July 2016, 18:24 #ECB
EUR/USD: We are bearish and look for a move lower in range towards initial targets near 1.0970 and then Friday’s 1.0910 lows. Further out we see room towards 1.0840 and then the 1.0710 area. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
ISM factory survey chairman Holcombe in presser a few moments ago 1 July mftg on a good trend ,not robust will have to wait and see about Brexit UK is relatively small US trading partner ISM to release Brexit results at 11.00 NY time ( any time now...
Market News
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Sherif Hasan, 1 July 2016, 18:18
100 and 200 bar MA defining the risk The USDJPY has traded the last two days between the 100 and 200 hour MA. The price action suggests a comfort area for traders - a safe house. Eventually the market will make a break and run. Friday's can be difficult of course. It is a long weekend...
Trading Systems
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Sherif Hasan, 1 July 2016, 18:16
Here is who has reported: Honda sales +3.2% vs +9.4% estimate Volkswagen of America -22% GM sales -1.6% vs -0.7% estimate Ford sales +6.4% vs +4.9% estimate...
Market News
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Sherif Hasan, 1 July 2016, 18:15
Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold moved up over 12400 pips last month, and reached a high of 1358.21...
Metals
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1246536 Ernest G., 1 July 2016, 17:42
EUR/NZD Analysis for July 01, 2016 Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5466 in a high volume. According to the 30M time frame, I found response from sellers at the price of 1...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 16:47
US Federal Reserve's vice chairman Fischer out on the wires 1 July 2016 will have better idea of conditions by July FOMC meeting we make our decisions one meeting at a time we've got to look over a longer horizon than a few months most of the data since May payrolls looking good...
Banks
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Sherif Hasan, 1 July 2016, 16:28
Gold Analysis for July 01, 2016 Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,337.91 in a high volume. According to the 30M time frame, I found that demand is in control in the market...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 15:43 #gold
CAD/JPY Trade Idea - Good to Sell on Rallies Major resistance - 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80 holds. The decline from 83.81 till 76...
Analytics & Forecasts
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Roberto Jacobs, 1 July 2016, 15:36 #CADJPY
UOB out with a client note/recommendations 1 July 2016 Courtesy of our friends at efxnews.com While our tech guru Greg is tied up on the ForexLive ACT course here's someone else's T/A for those of you so inclined...
Trading Systems
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Sherif Hasan, 1 July 2016, 14:52 #nzdusd, technical analysis
Which Currency Will Come Out on Top: US Dollar or Yen...
Analytics & Forecasts
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Sergey Ershov, 1 July 2016, 14:16 #usd/jpy
EUR/USD dropped quite a bit on Brexit but showed some strength as well. It could further fall, say the people at BNP Paribas: Here is their view, courtesy of eFXnews: The still-elevated level of GBP volatility renders downside GBP structures very expensive after last Thursday’s UK referendum...
Trading Systems
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Sherif Hasan, 1 July 2016, 13:31
One week after the big Brexit crash and as a new quarter begins, it is time to lift our heads from the near term and look forward...
Forecasts
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Sherif Hasan, 1 July 2016, 13:28 #GBP/USD
Not all is bad in the UK: manufacturing PMI has jumped to 52.1 points, showing growth in this beleaguered sector. The survey was made before the Brexit vote and therefore may be somewhat outdated...
Currency
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Sherif Hasan, 1 July 2016, 13:27 #support