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BOE's Carney impromptu speech Economic outlook worse MPC will make initial assessment at July 14th meeting and make a decision at August meeting Uncomfortable truth that the BOE cannot fully offset a large economic shock from leaving the EU BOE will hold ILTR repo operations weekly rather than mo...
Banks
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Sherif Hasan, 30 June 2016, 17:29 #Bank of England
Theresa May is the prohibitive favourite to be the next Prime Minister Even before Boris Johnson dropped out, Theresa May was the betting favourite. A poll put Johnson as the only person within striking distance. Now betting sites put her as a relative shoe-in...
Market News
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Sherif Hasan, 30 June 2016, 17:27
EUR/NZD Analysis for June 30, 2016 Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 16:16
U.S. Weekly Jobless Claims Rise From Nearly Two-Month Low Reflecting a rebound from a nearly two-month low, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose by a little more than expected in the week ended June 25th...
Market News
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Roberto Jacobs, 30 June 2016, 16:09
Gold Analysis for June 30, 2016 Since our previous analysis, gold has been trading sideways at the price of $1,318.50. According to the 30M time frame, I found the key point of control from the massive bullish day in the background is set at the price of $1,317.50...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 16:05
Another survey from Reuters June output up 250kbpd Output led by Nigeria, Iran, Saudi Arabia and UAE Higher output held back by lower production in Iraq and Venezuela The rally this year looks like it's taking a pause as we knock around between 46 & 51...
Market News
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Sherif Hasan, 30 June 2016, 15:42
Canadian monthly GDP Prior was -0.2% Goods -0.1% Services +0.2% Canada is one of the few countries to report on GDP every month. This is the first gain after two straight months of declines...
Market News
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Sherif Hasan, 30 June 2016, 14:48
Gold Slides Near $1320, Fed's Bullard In London Gold futures eased Thursday morning as stocks were set to pause after a volatile period brought on Britain's vote to leave the European Union. It appears the worst of the Brexit crisis has passed, but traders remain attracted to gold as a safe haven...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 14:46
US initial jobless claims week ending 24 June 2016 Prior 259k. Revised to 258k Continued claims 2.120m vs 2.150m exp. Prior 2.142m. Revised to 2.140m 4 week average 266.75k vs 267.00k prior. Revised to 266.75k As near as straight down the line as you can get it...
Market News
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Sherif Hasan, 30 June 2016, 14:46
FTSE 100 On UK index, FTSE100 we expect more gains in the short-term as the recent minor pullback appears to be a wave four within an uptrend. We are looking for wave five to rally towards 6350-6400...
Wave Count
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Sherif Hasan, 30 June 2016, 14:44 #FTSE 100
Chinese Caixin Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China...
Market News
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Sherif Hasan, 30 June 2016, 14:43
EURUSD Daily Analysis EURUSD (1.11): EURUSD has been bullish for the past three consecutive days with yesterday’s price action filling the gap from June 24 closing price at 1.1105. Price action is now seen challenging the 1...
Trading Systems
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Sherif Hasan, 30 June 2016, 14:41 #xauusd, technical analysis
USD/CAD Trade Idea Major Support – 1.2920 (90 4H EMA) Loonie has slightly recovered after making a low of 1.29310. It is currently trading around 1.2949. Short term trend is bullish as long as resistance 1.31204 (Jun 27th 2016 high) holds. Any break above 1.3125 will take the pair to next level 1...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 14:41
Australia goes to the polls about a week after Brexit. This could shape the direction of the Aussie while the world is not looking...
Currency
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Sherif Hasan, 30 June 2016, 14:37
GBP/USD is trading back at the 1.35 handle, around 400 pips off the lows seen on Monday. The reaction to Brexit was brutal but the correction is quite spectacular as well. What’s next for the pound? Will it continue higher or is the recovery over...
Statistics
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Sherif Hasan, 30 June 2016, 14:36
Brexit has hit the pound hard but the euro is doing quite well. Here is their view, courtesy of eFXnews: Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground...
Statistics
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Sherif Hasan, 30 June 2016, 14:34
CHF/JPY Trades Well Above 105, Jump Till 106.56/107.60 Is Possible Major resistance – 105.10 (3 day EMA) Major support – 103.50 The pair has broken major resistance 105.10 and jumped till made a high of 105.48 at the time of writing. It is currently trading around 105...
Analytics & Forecasts
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Roberto Jacobs, 30 June 2016, 13:39
Boris speaking but he hasn't actually declared he's in the running. He's making a big speech which sounds like he might go either way. The way he's speaking he sounds like he's not going to enter. I'm a tax cutting conservative but wants a fairer capitalism You live longer under conservatives...
Market News
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Sherif Hasan, 30 June 2016, 13:32
Swiss National Bank vice-chairman Zurbruegg speaking in Russia 30 June Flexible like a 30% appreciation in a session after you remove a cap? Constant intervention ? Yep all very fiexible, for the SNB at least. Excuse me while I fall about laughing. deposit rate of minus 0...
Market News
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Sherif Hasan, 30 June 2016, 13:31 #eurchf, usdchf
June 2016 Eurozone CPI flash report 30 June 2016 Prior -0.1% Core 0.9% vs 0.8% exp y/y. Prior 0.8% TAPER!! No real details come with the flash report so that's that...
Market News
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Sherif Hasan, 30 June 2016, 13:29