Sherif Hasan / Blog
The Australian national election polling booths have now closed 2 July PM Malcolm Turnbull and opposition Labour Party leader Bill Shorten both say they are confident of a victory but concede the result could be tight Malcolm Turnbull ,the leader of Australia's conservative Liberal Party-led Coal...
Another awful tragedy being reported by the BBC and others 2 July 2016 20 people, all of them foreigners, were killed during an attack on a cafe in Dhaka, Bangladesh, officials say...
So often, a good trading plan is ruined by sub-optimal execution. Sometimes we can identify great trends with strong underlying fundamentals, only to join the trend when it's about to end...
Jens Weidmann, head of Germany's central bank (the Bundesbank) says "The Brexit vote is no reason to loosen budget rules" Weidmann was speaking in an interview with 'Focus' magazine...
S&P up 3.22% on the week. The US major indices are closing the week up nicely. The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15...
Weekly positioning data from the CFTC for Forex futures as of the close on June 28 EUR 62K short versus short 61K last week. Short increased by 1K GBP 43K short versus short 52K last week. Shorts cut by 9K JPY 60K long versus long 52K last week. Longs increased by +8K on the week...
Early signs of stabilization in drilling There were 330 oil drilling rigs operating in the US last week. We will get the latest update at the top of the hour. The numbers fell almost constantly since August 2015 until recently as the number fell to a low of 316 from 675...
More signs the ECB will wait-and-see A 'sources' report earlier this week also indicated the ECB is in no rush to act. Must keep period of uncertainty as short as possible Scope of Brexit's economic impact not yet clear Brexit to slightly dampen growth in Eurozone and Germany...
ISM factory survey chairman Holcombe in presser a few moments ago 1 July mftg on a good trend ,not robust will have to wait and see about Brexit UK is relatively small US trading partner ISM to release Brexit results at 11.00 NY time ( any time now...
100 and 200 bar MA defining the risk The USDJPY has traded the last two days between the 100 and 200 hour MA. The price action suggests a comfort area for traders - a safe house. Eventually the market will make a break and run. Friday's can be difficult of course. It is a long weekend...