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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
Stephen Crabb has thrown his hat into the leadership ring and is making his case Brexit result was clear, UK will leave the EU Article 50 discussion must happen after uniting the party and the country My goal is to create stability (when asked about a possible General election) Control in immigra...
Market News
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Sherif Hasan, 29 June 2016, 13:22
US ratings agency out with a client note 29 June 2016 UK to face large investment shock post-Brexit 2017 & 2018 GDP to fall to around 1% uncertainty to prompt firms to delay investment, hiring decisions Say Fitch...
Market News
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Sherif Hasan, 29 June 2016, 13:08
A few items to keep an eye to gauge the reaction to Brexit I won't labour the point that we face many months of uncertainty now the vote is cast but even with that uncertainty, we can still identify the clues that will tell us how to trade it...
Market News
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Sherif Hasan, 29 June 2016, 13:05
EUR/USD. We are adjusting our EUR/USD forecasts in line with what we communicated before and immediately after Brexit. We now forecast EUR/USD at 1.09 in 1M (1.11 previously), 1.07 (1.10) in 3M, 1.10 (1.14) in 6M and 1.14 (1.18) in 12M. Copy signals, Trade and Earn $ on Forex4you - https://www...
Analytics & Forecasts
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Vasilii Apostolidi, 29 June 2016, 12:39 #usd/cad
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. There is no change to the bearish EUR view; the current movement is viewed as a short-term consolidation phase which should lead to further EUR weakness towards 1.0820 in the coming days GBP/USD: Bearish: A move to 1...
Sailing into the unknown: FX markets were surprised by the Brexit vote. The implications of the referendum result are hard to nail down, but we expect them to be negative in most scenarios...