Sherif Hasan / Blog
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...
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...
IMF MD Lagarde up to the rostrum 17 June 2016. Reuters reporting Says Lagarde: " I guarantee the euro will continue to have a solid space of range in currency reserves" nostalgic utopia of the past is a serious danger in Europe time to confront negative vision on Europe...
Q1 2016 Eurozone wage and labour costs data 17 June 2016 Q1 labour costs 1.7% vs 1.3% prior Alongside falling unemployment we're seeing wages and costs starting to creep up. Maybe the next ECB move will be to taper QE ;-) Q1 2016 Eurozone labour costs...
Reuters reporting SocGen have sent a letter to clients to warn about possible gaps in pricing and liquidity surrounding the UK referendum vote. After the SNB they've got good reason to be cautious over what is a huge event...
The main highlight today will be Canadian CPI data for the month of May, released later in today’s New York Session. Headline CPI m/m is expected to increase to 0.5% from a prior 0.3%, however headline CPI y/y is expected to decline to 1.6% from 1.7%. Core CPI is expected to increase to 0...
Italy April trade balance total now published 17 June 2016 prev revised down from €+5.365bln EU trade balance €+918m vs 1,19bln prev revised down from €+1.331bln...
Latest Eurozone current account data from the ECB 17 June 2016 prev revised down from €+27.3bln NSA €+34.0bln vs €+31.3bln prev revised down from €+32.3bln direct investment inflow €10.7bln vs +€12.6bln prev portfolio investment inflow €+118.1 bln vs +9.9bkn prev...
Yesterday's tragic murder of UK MP Jo Cox leaves many reverberations 17 June 2016 Let no one underestimate the impact of this truly awful event but let's not jump to any conclusions as to why it happened. Conspiracy theorists have no place in these discussions...
BOJ Market Group meeting Minutes now published 17 June 2016 following the introduction of the negative interest rate policy, liquidity and functioning of the JGB market have largely declined sluggishness of trading in the market can be described as "contracted equilibrium" more and more financial...