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AUD/USD uptrend continues The Australian dollar is taking advantage of the continues improvement in risk sentiment. AUD/USD edged through Monday's high of 0.7451 before slipping back. The pair is clearly in a consolidation phase after a 350 pip post-Brexit fall...
Currency
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Sherif Hasan, 29 June 2016, 17:53
Stocks back into positive territory for the year The second day of post-Brexit gains is underway in the US stock market. The jump at the open broke the 50% retracement of the 120 point Brexit swoon. The index is currently up 18 points to 2054. The 61.8% retracement is a key level to watch at 2066...
Market News
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Sherif Hasan, 29 June 2016, 17:51 #S&P 500
May 2016 US personal income and spending data report 29 June 2016 Prior 0.4%. Revised to 0.5% Personal spending 0.4% vs 0.4% exp m/m. Prior 1.0%. Revised to 1.1% Real personal spending 0.3% vs 0.6% prior. Revised to 0...
Market News
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Sherif Hasan, 29 June 2016, 17:49
Risky assets continue to trade better supported. Despite the better tone to risk, USDJPY is struggling to rally, perhaps a reflection that the meeting in Tokyo between Abe and Kuroda yielded no new signals for easing...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 17:43 #forex
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, 17:43
Below is GBPUSD H4 chart after Brexit. I will explain with ichimoku kinko hyo. Tenkan has continally upward direction. Chikou span makes higer point. And there is the resistence of Kijunsen and kumo...
Analytics & Forecasts
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Chang Suk Chung, 29 June 2016, 17:15 #Ichimoku
On Brexit’s leave decision, EURUSD went down as was expected, fueled by the fear of an economic downturn in the Eurozone...
Analytics & Forecasts
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Leonardo Barata, 29 June 2016, 15:40
With global focus on the UK referendum and outcome, investors could be forgiven for forgetting that Australia will be holding an election on 2 July, in which both the lower and upper house seats are up for grabs...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 15:13 #forex
Following the big Brexit, EUR/USD fell but at a much lower scale in comparison to the pound. What’s going on? The team at Morgan Stanley explains: Here is their view, courtesy of eFXnews: Looking for bearish ‘quasi GBP’ trades makes sense, but focusing on EUR is wrong...
Statistics
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Sherif Hasan, 29 June 2016, 14:41
GBPUSD On the GBPUSD we are observing a nice impulsive structure from the lows, where end of blue wave 5 was labeled. Currently we see the price in a corrective pullback, specifically in red wave b), which could be near completion as three sub-waves are already visible within it...
Wave Count
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Sherif Hasan, 29 June 2016, 14:39
Speculation continues mounting is the UK will indeed leave the EU or that there will be a regret on Brexit – Bregret or if you wish, an EU-turn or a Breturn. This big event is already taking its toll on the economy, but provides growth in new words...
Trading Systems
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Sherif Hasan, 29 June 2016, 14:37
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar...
Trading Systems
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Sherif Hasan, 29 June 2016, 14:34
EURUSD Daily Analysis EURUSD (1.106): EURUSD has established a range of 1.120 and 1.110 as the levels of resistance and support. While a retest of the resistance at 1.120 is pending, support has been clearly established at 1.10...
Forecasts
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Sherif Hasan, 29 June 2016, 14:33 #xauusd, technical analysis
Australians go to the polls on July 2nd, and for a change, this could be a market moving event...
Currency
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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...
Statistics
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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...
Currency
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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