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Moving from chat up lines to business In the short term, Brexit would be a problem for all but above all, Britain Believes the remain camp will win If UK leaves there will be financial tensions Either way the EU needs to rethink itself...
Market News
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Sherif Hasan, 17 June 2016, 16:06
Double bubble Bullard Mismatch between markets and Fed dot plot is causing distortions in global markets Best thing for Fed to say is that the economy is not likely to change much in the foreseeable future Fed should acknowledge that the economy won't change much without an outside shock Fed shou...
Banks
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Sherif Hasan, 17 June 2016, 16:04
US stock market open 17 June 2016 S&P -6pts to 2071 Dow -54pts to 17676 Nasdaq -26pts to 4818 US 10 year yields 1.60% -2bp...
Market News
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Sherif Hasan, 17 June 2016, 15:58
All eyes are open but... In golf they talk about being committed to the swing. In trading? Do you have a conviction. Adam speaks a lot about fundamental convictions. In fact, he will be speaking fundamentals at the ACT traders course starting on June 24...
Trading Systems
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Sherif Hasan, 17 June 2016, 15:14
Bloomberg picking up comments from MNI There is some upside potential to inflation than forecasts show Measures from March are still new and mon pol has long lags Focus is now on near term developments We need all incoming data in the next months before deciding...
Banks
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Sherif Hasan, 17 June 2016, 15:11
YoY 1.5% vs 1.6% est. Core YoY 2.1% vs. 2.1% Canada CPI NSA for the month of May came in at 0.4% vs 0.5% estimate. The YoY came in at 1.5% vs. 1.6% est and 1.7% last month. So each was 0.1% weaker than expectations. The core numbers came in as expected at 0.3% and 2.1% respectively...
Market News
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Sherif Hasan, 17 June 2016, 15:08
Details of the May 2016 US housing starts and building permits data report 17 June 2016 Prior 1.172m. Revised to 1.167m Building permits 1.138m vs 1.150m exp. Prior 1.130m Starts don't drop as much as expected and permits miss but gain from last month...
Market News
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Sherif Hasan, 17 June 2016, 15:05
Russian president Putin making a keynote address 17 June 2016 EU remains key trade partner for Russia EU business leaders want to work with Russia starting talks with EU on technical cooperation as first step to restoring relations On the Russian economy...
Market News
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Sherif Hasan, 17 June 2016, 14:21
BMG Research have had their fair share of attention this week 17 June 2016 The pollsters were due to release their latest findings today but, with general co-operation and some sensitivity to yesterday's awful events along with a suspension of campaigning from both sides will now publish at 01...
Market News
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Sherif Hasan, 17 June 2016, 14:19
Dear Traders, On Thursday June 23rd we have the EU referendum in the UK, ‘Brexit’. The vote is to determine whether the UK remains part of the European Union. Brexit is similar to the Scottish referendum and Grexit last year, however, the impact of the result is expected to be far greater...
Market News
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Mohammad Soubra, 17 June 2016, 14:10
USD/JPY took a deep dive to 104 and below on the lack of action from the Bank of Japan. This may well change next month, with fiscal and monetary stimulus in play...
Currency
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Sherif Hasan, 17 June 2016, 13:20
St Lous Fed head Bullard back on the wires 17 June 2016 maybe even more than 30 months Oh no, Bully the Bore is going to give my typing fingers a real end of session test! economy may have slipped into slow-growth mode where appropriate Fed policy rate is 0...
Banks
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Sherif Hasan, 17 June 2016, 13:18
The British pound continues suffering and finally broke down below the 1.41 handle. It now faces strong support, and not at the round level. Here are 3 Brexit-related updates and the levels to watch: Update: the tables have totally turned with the tragic murder of MP Jo Cox...
Currency
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Sherif Hasan, 17 June 2016, 13:17
Canadian Core CPI, is considered on of the most important inflation indicators. Core CPI excludes the most volatile items which are included in CPI, hence it is considered a more reliable measurement of inflation...
Market News
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Sherif Hasan, 17 June 2016, 13:14
The impact of the EU Referendum goes well beyond the shores of the UK but impacts many other currencies...
Currency
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Sherif Hasan, 17 June 2016, 13:13
Forget playing the numbers game in guessing the percentage moves in markets Picking a number is a folly at the best of times. So and so bank says the pound will move 10% one way on an exit, or 5% the other way on a remain, that's great but the numbers aren't tradable...
Market News
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Sherif Hasan, 17 June 2016, 13:07
It's been a session of two-way business again for the pound 17 June 2016 Earlier I highlighted the decent offers/resistance between 1.4300-30 and dip demand on EURGBP and we've duly seen a retreat from 1.4312, and a rally, and another retreat. GBPUSD currently 1.4238 with EURGBP back above 0...
Market News
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Sherif Hasan, 17 June 2016, 13:05
Dear Traders, While both of our major currency pairs were yesterday still on a downswing the decline came to an abrupt end after the terrible attack on U.K. lawmaker Jo Cox has led to a suspension of all Brexit campaigns. U.K...
Analytics & Forecasts
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maimarfx, 17 June 2016, 12:47 #GBP/USD
Analysis : Triangle has broken through the support line at 16-Jun-12:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 1.112. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 17 June 2016, 12:36
As always traders will be keen to feed off any scraps but the speech is at an awards ceremony and not necessarily key-note. That's not to say though that Magic Mario isn't capable of pulling something out of the hat so we'll see what transpires...
Banks
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Sherif Hasan, 17 June 2016, 12:32 #ECB