Sherif Hasan / Blog
Credit Agricole on what's next Markets are stabilising after the brutal (and according to some market observers excessive) moves in the immediate aftermath of Brexit...
European stock market close 29 June 2016 FTSE +3.2% Cac +2.4% Dax +1.7% Ibex +3.3...
Another runner make an official entrance Liam Fox is the former Secretary of Defence and he's just announced he'll be running for the top job. Along with Stephen Crabb, they are the only people to have officially stated their intention to run...
Weekly energy supply data from the EIA Prior was -917K Gasoline inventories +1367K vs -300K exp Distillates -1801K vs +625K exp Refinery utilization +1.7% vs +0.5% exp...
AUD/USD uptrend continues The Australian dollar is taking advantage of the continues improvement in risk sentiment. AUD/USD edged through Monday's high of 0.7451 before slipping back. The pair is clearly in a consolidation phase after a 350 pip post-Brexit fall...
Stocks back into positive territory for the year The second day of post-Brexit gains is underway in the US stock market. The jump at the open broke the 50% retracement of the 120 point Brexit swoon. The index is currently up 18 points to 2054. The 61.8% retracement is a key level to watch at 2066...
May 2016 US personal income and spending data report 29 June 2016 Prior 0.4%. Revised to 0.5% Personal spending 0.4% vs 0.4% exp m/m. Prior 1.0%. Revised to 1.1% Real personal spending 0.3% vs 0.6% prior. Revised to 0...
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...
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...
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...