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Details of the final Q1 2016 US GDP data report 28 June 2016 2nd est 0.8% Advance 0.5% Q4 2015 1.4% Personal consumption 1.5% vs 2.0% exp. Prior 1.9%. Q4 2015 2.4...
Analytics & Forecasts
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Sherif Hasan, 28 June 2016, 19:28
The Fed has repeatedly been upbeat on consumers The US GDP Q1 final revision was slightly higher than expected but it raises fresh questions about future growth. Consumer spending was revised down to +1.5% from +1.9%. Economists had expected a boost to 2.0...
Market News
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Sherif Hasan, 28 June 2016, 19:24 #GDP
Details of the April 2016 US Case Shiller house price index report 28 June 2016 Prior 0.9% 5.4% vs 5.4% exp y/y. Prior 5.4%. Revised to 5.5% NSA 1.1% vs 0.9% prior m/m. Prior revised to 1.0% US HPI 5.03% vs 5.15% prior y/y. Revised to 5.11...
Market News
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Sherif Hasan, 28 June 2016, 19:23
USD/JPY nears Monday's high of 102.48 The pair is just a couple pips below Monday's high as stock markets open. It's bounce day but will it be of the dead cat variety? The strength of the bounce is often a good indicator of the strength of the trend...
Trading Systems
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Sherif Hasan, 28 June 2016, 19:21
S&P 500 up 22 points to 2024 It's bounce day. Will the bears sell the bounce? One clue will come from the technicals. The S&P 500 is testing the May low of 2025. Whether that breaks and whether we close above it are critical...
Market News
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Sherif Hasan, 28 June 2016, 19:19
June consumer confidence from The Conference Board Prior was 92.6 (revised to 92.4) Best since October 2015 The index jumped from the worst since July 2015 to the best since August 2015. Details...
Market News
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Sherif Hasan, 28 June 2016, 19:16
EUR/USD: We are bearish and look for resistance in the 1.1130 area to cap a move lower towards initial targets near Friday’s 1.0910 lows and then towards a swing target near 1.0840. Beyond there we are looking towards the 1.0710 area. Copy signals, Trade and Earn $ on Forex4you - https://www...
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...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 19:14
Winners and losers of globalization at odds The dominant theme of the past three decades is globalization. It's meant open borders and open trade. The backlash is here. The Labour Left vs the Latte Left The wedge looks like it's immigration but it's really political correctness...
Market News
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Sherif Hasan, 28 June 2016, 19:14
Dead cat or sustainable? I think there is far too much turmoil and uncertainty in the UK to sustain the bounce in European stock but it was party time today. UK FTSE +2.5% French CAC +2.5% German DAX +1.9...
Market News
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Sherif Hasan, 28 June 2016, 19:11
Cable bounce fades All the gains since the start of London trading have evaporated and GBP/USD is now up just 60 pips on the day to 1.3284. The high was 1.3419. The level to watch is yesterday's US low of 1.3260. A break below would confirm that the minor uptrend since late yesterday is broken...
Market News
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Sherif Hasan, 28 June 2016, 19:10
Firms uncertain about trade with Europe John Cridland, the Director-General of the Confederation of British Industry met with UK political leaders and his verdict was negative. He said he didn't come out of the meeting feeling great...
Market News
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Sherif Hasan, 28 June 2016, 19:09
Draghi scoop from Bloomberg Bloomberg obtained Draghi comments from an EU Summit document. Sees GDP reduction for at least 3 years Concerned Brexit will lead to competitive devaluations It's time to address bank vulnerabilities...
Market News
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Sherif Hasan, 28 June 2016, 19:06 #GDP
Boris Johnson vs Theresa May A poll, which looks like an online survey, was released from UK website ConservativeHome today and showed a slight lead for Theresa May over Boris Johnson. It's not clear who will be in the race yet ahead of tomorrow's deadline...
Market News
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Sherif Hasan, 28 June 2016, 19:05
Below is GBPUSD H4 chart. Chikou span is having a continual upward directions. Candlestick is over Tenkan sen. Resistence level is located at 1.34834. And there is support at 1.32965...
Analytics & Forecasts
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Chang Suk Chung, 28 June 2016, 17:25 #Ichimoku
There’s a pattern for Monday mornings to extend moves of the previous week before Tuesday sees everyone take stock. I know a technical analyst who removes Friday afternoon and Monday morning data from his charts to compensate. That’s the context in which we should look at market moves overnight...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 16:43
Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground. At the same time, USD and JPY - arguably the biggest winners of the Brexit selloff - have pared some recent gains. We believe that the FX markets are pausing rather than turning...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 16:42
Risky assets are trading firmer across the board leading to some stabilisation in GBPUSD and EURUSD. However, we remain of the view that both pairs are likely to trade lower in the near-term to 1.30 and 1.09 respectively. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 28 June 2016, 16:41 #forex
USDJPY: The pair halted its weakness on Monday leaving risk higher in the days head. On the downside, support comes in at the 103.50 level where a break if seen will aim at the 103.00 level. A cut through here will turn focus to the 102.50 level and possibly lower towards he 102.00 level...
Analytics & Forecasts
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FXTechstrategy, 28 June 2016, 15:13
Dear Traders, While the British pound extended its record selloff in the aftermath of last week's vote, the euro traded sideways Monday, straining the nerves of breakout-traders as price movements were limited to either side. The euro gained some ground above the 1...
Analytics & Forecasts
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maimarfx, 28 June 2016, 14:10