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EUR/USD: We are clinging to a bearish view. A move above resistance in the 1.1180 area would force us to turn neutral. For now, we are looking for a move lower in range towards initial targets near 1.0970 and then the 1.0910 lows. Further out, we see room towards 1.0840 and then the 1.0710 area...
After May’s strikingly weak NFP print (38k), our economists expect a moderate rebound in June (130k). June’s employment report comes on the heels of the weakest NFP print since September 2010...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 19:55
USD: Divergent USD. Bullish. USD should weaken further vs. EUR and JPY but rise vs. high-risk EM currencies. The market is pricing no Fed rate hike until late 2018 and a non-negligible probability of a cut this year. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 19:52
Rystad Energy estimates US has 264 billion barrels of oil The Norwegian energy consultancy Rystad Energy said US reserves are slightly larger than Russia (256B barrels) and Saudi Arabia (212B barrels) accounting for existing fields, discoveries and fields yet to be discovered...
Crude Oil
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Sherif Hasan, 4 July 2016, 19:49 #crude oil
Welcome to my "Strength and Comparison" article for the coming week, the article "Ranking, Rating and Score" has also been published. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support...
From Credit Suisse: We are lowering our 3m EURUSD forecast to 1.05 from 1.17 previously, reflecting the likely growth spillover into the wider European region from the UK's woes...
Market News
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Sherif Hasan, 4 July 2016, 19:14
June 2016 Spanish unemployment report 4 July 2016 Prior -119.8k Registered unemployed falls to the lowest since Sep 2009, leaving 3.77m unemployed. There's some seasonality involved as the tourist sector often ramps up hiring for the holiday season...
Market News
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Sherif Hasan, 4 July 2016, 19:09
June 2016 UK Markit/CIPS construction PMI data report 4 July 2016 Prior 51.2 Housing activity 43.8 vs 51.0 prior The headline drops to the lowest since June 2009 and the first contraction. since April 2013 New orders and residential construction to the lowest since Dec 2012...
Market News
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Sherif Hasan, 4 July 2016, 19:04
Welcome to my "Ranking, Rating and Score" article for the coming week, the article "Strength and Comparison" has also been published...
Bank lending standards survey from the Bank of Canada Credit conditions tightened Conditions tightest since 2009 Pricing 12.6 vs 5.2 prior Non-pricing conditions 35.2 vs 7.6 prior...
Market News
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Sherif Hasan, 4 July 2016, 18:57
Highlights of the Bank of Canada business outlook survey Prior was 16.00 Prospects 'remain dim' among energy-related firms Prospects are more solid outside the affected oil regions and sectors Sees further investment cuts at oil companies...
Market News
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Sherif Hasan, 4 July 2016, 18:55
Brexit moves now a memory The commodity currencies were tossed out with the Brexit result but the market has subsequently had second thoughts. The New Zealand dollar is leading the way and has essentially erased Brexit decline with five consecutive days of gains. A close above 0...
Market News
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Sherif Hasan, 4 July 2016, 18:52
Closing changes for the main bourses: German DAX -0.7% UK FTSE -0.8% French CAC -0.9% Italy MIB -1.7...
Market News
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Sherif Hasan, 4 July 2016, 18:50
USD/JPY likely to bounce before next risk-off move. Summer could be quieter with delayed risks. Financial markets experienced severe dislocations around the Brexit vote. The pulse of the price action is gradually normalising as the effects of the shockwave gradually dissipate...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 17:42
We're not out of the woods yet. The energy shock dented Canada over the past 12 months, but the Bank of Canada's latest survey suggests that the tide isn't yet turning back in our favour...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 17:40
The British pound is unlikely to rush to post-Brexit lows, rather the move will be gradual and as such investors should position to take advantage of any bouts of strength...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 17:39
Details from the May 2016 Eurozone PPI data report 4 July 2016 Prior -0.3% -3.9% vs -4.1% exp y/y. Prior -4.4% Energy prices rose 1.7% and I'd suggest we're now going to start seeing the rise in oil prices being reflected in price data. In the 28 states it rose 2.8% vs -0.4% prior...
Market News
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Sherif Hasan, 4 July 2016, 16:17
Another solid jump in y/y vehicle registrations noted by the KBA Total registrations 8.4% vs 11.5% prior y/y YTP 7.0% vs 6.7% prior From the breakdown; Car registrations +8.3...
Market News
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Sherif Hasan, 4 July 2016, 16:13
USD/CAD technical analysis The commodity currencies are the top performers today and that's pushed USD/CAD down 50 pips to 1.2862. The pair has been in a steady downtrend since rising over 1.31 last Monday. The declines continues to eat into the Brexit rally and now the 61.8% retracement at 1...
Market News
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Sherif Hasan, 4 July 2016, 16:12
Morgan Stanley are forecasting an extension of the euro / pound exchange rate rally. Hans Redeker, Head of Global FX Strategy at Morgan Stanley writes: We believe that the EUR can remain well supported even in times of political uncertainty...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 16:03