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In less than 24 hours a potential market-mover is set to take the forex scene for a ride. Yep, I’m talking about the EU referendum! In case you missed it, our British friends are about to decide if they want to either stay or leave the European Union (EU...
Other
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Sherif Hasan, 23 June 2016, 09:14 #trading system
France provisional June Markit mftg PMI report 23 June 2016 48,4 prev services 49.9 vs 51.6 exp/prev composite 49.4 vs 51.0 exp vs 50.9 prev Disappointing data but EURUSD underpinned by dip demand in EURGBP and EURJPY...
Market News
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Sherif Hasan, 23 June 2016, 09:08
Voting is now underway in the UK referendum on EU membership 23 June 2016 Yes folks, after all the bluster and bitterness the UK finally gets to vote with polling stations just opened up for business. I'll be posting a few thoughts on my own position shortly as many of you have requested...
Market News
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Sherif Hasan, 23 June 2016, 08:20
BOJ board member Kiuchi speaking to reporters 23 June 2016 lower borrowing costs from neg rates aren't leading much to increase in bank lending Another central banker who foolishly believes that cheap money will be lent by banks rather than shoring up their defences...
Banks
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Sherif Hasan, 23 June 2016, 08:06
Japan April leading index CI final data now released 23 June 2016 coincident index final 112.0 vs 112.2 flash The Leading Indicators Index is a composite index based on 12 economic indicators, that is designed to predict the future direction of the economy. Not a price changer, especially today...
Market News
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Sherif Hasan, 23 June 2016, 08:05
Your economic data/event calendar for today 23 June Greetings from a dark and stormy South of England. Heavy rain overnight and more to come. ( just a heads up for those of you making trading decisions based on the Brexit voting being weather affected...
Market News
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Sherif Hasan, 23 June 2016, 08:04
Huang Weimin Self-taught hedge fund manager Gained more than 6,200% last year (trading Chinese stock-index futures) Made 60% in the first two months of 2016 Been in cash since...
Market News
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Sherif Hasan, 23 June 2016, 07:36
MNI's monthly business sentiment indicator for China In June +9% m/m to 54.5 (a big jump from May's 50 & April at 50...
Market News
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Sherif Hasan, 23 June 2016, 07:35
Preliminary Nikkei / Markit Japan manufacturing PMI for June Barely changed on the month for the headline. Fourth consecutive month in decline In brief, the breakdown: Amy Brownbill, economist at Markit...
Market News
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Sherif Hasan, 23 June 2016, 07:34
EURUSD: Although EURUSD closed higher on recovery on Wednesday and followed through higher during early Thursday trading, it faces downside risk below its declining trendline. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1...
Analytics & Forecasts
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FXTechstrategy.com, 23 June 2016, 03:35
Its tough living here in the future sometimes And ... the calendar is sparse, with two speakers to at least weigh in. Oh ... there are 2 Brexit polls due at 2100GMT - they usually hit a little early, so be ready, coming up in the next 30 minutes or so...
Market News
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Sherif Hasan, 22 June 2016, 22:52
One idea has sustained 'remain' optimism From the announcement of the Brexit referendum, I've been saying the same thing: Buy the Brexit dip because voters almost always get election day jitters and vote for the status quo. That's been a great trade Thursday...
Market News
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Sherif Hasan, 22 June 2016, 22:09
'Remain' odds are falling at the bookies, cable not following There's a high correlation between cable and the odds of a 'remain' vote over the past week. However the odds have fallen in the past few hours and GBP/USD hasn't reacted...
Trading Systems
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Sherif Hasan, 22 June 2016, 20:14
More jitters beginning to circulate Two polls released today have shown the 'leave' side in front (Opinium and TNS). They show varying degrees of momentum...
Market News
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Sherif Hasan, 22 June 2016, 19:18
We are one day away from the EU Referendum. It is hard to exaggerate in the importance of the event, but perhaps for the euro, it will not be that bad. Here is the view from Deutsche Bank: Here is their view, courtesy of eFXnews: 1. Brexit will likely rule out a July Fed rate hike...
Statistics
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Sherif Hasan, 22 June 2016, 19:17
EUR/USD is caught in the crossfire between central bankers from both sides of the Atlantic but also on the upcoming EU Referendum in the UK. The week began with a big leap – the better polls for Bremain pushed the pair higher with a weekend gap but the picture has been mixed since then...
Forecasts
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Sherif Hasan, 22 June 2016, 19:14 #EUR/USD
While most of the Brexit focus is on the pound, the euro gets carried away with Brexit talk and the yen is a safe haven currency...
Trading Systems
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Sherif Hasan, 22 June 2016, 19:12 #usd/jpy, EUR/USD
With the referendum vote over the UK’s future membership of the EU being held on Thursday, traders are preparing for the possibility that the UK electorate will vote to leave the EU...
Trading Systems
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Sherif Hasan, 22 June 2016, 19:09
GBPUSD GBPUSD is trading higher in front of the Brexit vote. This move up is close to completing a five wave structure from blue wave B lows. For now we still expect a minor pullback in red wave 4) and a push up in red wave 5 to around 1.4840 area...
Trading Systems
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Sherif Hasan, 22 June 2016, 19:06
Results of the latest poll from TNS Omnibus The news poll shows 16% undecided or say they won't vote. The poll asked 2320 adults and was conducted June 16-22. The prior TSN poll was June 13 and showed leave at 47% to 40% for remain. Before that was 43-41% for leave on May 23...
Market News
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Sherif Hasan, 22 June 2016, 19:02