Sherif Hasan / Blog
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...
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...
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...
Australians go to the polls on July 2nd, and for a change, this could be a market moving event...
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...
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...
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...
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...
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...
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...