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Sherif Hasan
Published post Japanese yen buyers go on strike - report
Japanese exporters halt yen-buying - Nikkei Asian Review The Nikkei Asian Review reports that Japanese exporters have cut yen buying because of the post-BOJ jump last week. The story is what may be hitting USD/JPY now. The pair has dropped 30 pips in a flash and took out 104.00...
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Sherif Hasan
Published post Today's Brexit polls may both drop at 2100 GMT
Talk that today's polls will be released in about 4 hours Just what this crazy market needs is two polls showing the 'leave' side way ahead...
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Sherif Hasan
Published post US sells 2-year notes at 0.745% vs 0.740% WI
Results of the US 2-year note auction Was trading at 0.740% on the bid side in the when issued market Prior was 0.920% Bid to cover at 2.72 vs 3.00 prior The market has shifted a long way from a month ago when the Fed was stoking rate hike talk...
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Sherif Hasan
Published post Watch those margins now we're close to the Brexit vote
Retail brokers are tightening up ahead of the big vote It's almost becoming a daily event that the emails get pinged around from brokers warning of margin changes. IG will be increasing GBP fx pairs margins to 6% from 14.00 GMT Wednesday...
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Sherif Hasan
Published post Trader Psychology - Applying Your Strategy - Forex Trading Strategy
The first article was about identifying what type of trader you may be. We wrote that might want to take a personality test to see where you stand in the continuum along impulsive to conservative...
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Sherif Hasan
Published post A technical overview: A quick look at the major pairs
GBPUSD remains the main focus GBPUSD The GBPUSD could not move below the 100 bar MA on the 5-minute chart and extended up to the 200 day MA at 1.4690. The prior resistance was 1.4666. Since breaking the price remains above that level...
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Sherif Hasan
Published post Donald Trump has probably blown his chance at President
Why Trump is down to his last strike and has replaced his campaign manager The path to the White House for Donald Trump was clear...
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Sherif Hasan
Published post European stock markets soar: Closing changes
Closing gains/losses in the main bourses UK FTSE +3.1% German DAX +3.5% French CAC +3.6% Spain IBEX +3.4...
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Sherif Hasan
Published post Latest WSJ poll puts US recession risk at 21%
Which indicators are good at predicting recessions Economists are horrible forecasters. It's so bad that the Fed's own James Bullard says they should quit altogether because the public is so-often sent the wrong signals. The WSJ surveys economists monthly and the latest reading is 21...
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Sherif Hasan
Published post Brexit poll schedule: What you need to know
What polls are due up on the Brexit referendum Poll schedules are a bit sketchy but there is talk that two polls may be released today. An online poll from YouGov may be released at an unknown time (after the London close) and a phone poll from ORB is also due and is rumored at 2100 GMT (5 pm ET...
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Sherif Hasan
Published post US stocks jump at the open
S&P 500 erases last week's decline In a few minutes of trading, the S&P 500 erased last week's 1.2% decline. The index is up 26 points to 2097. That's the largest gain since a 28 point rally on May 24...
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Sherif Hasan
Published post GBPUSD tests the topside range target
That was quick The GBPUSD is testing the topside target outlined as an extreme level. That area comes in at 1.4633-1.4666. The level corresponds with swing highs (see green circles in the chart below) - the most recent earlier this month (see daily chart...
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Sherif Hasan
Published post Rajan says the RBI were right to disregard advice to cut rates further
Reserve Bank of India governor over the wires 20 June 2016 India can't abandon inflation to focus on growth can't have it both ways, wanting lower inflation and lower rates The RBI governor very much on the front foot in the wake of his surprise announcement at the weekend not to serve a second t...
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Sherif Hasan
Published post Former BOE's Gieve says Carney & Co are sat between a rock and a hard place over Brexit
Former BOE Financial Stability Head John Gieve speaking to Bloomberg 20 June 2016 while Brexit could mean interest cuts or other stimulus to support growth the Governor may also have to be wary of increasing falls in the pound There will be a shock to demand, so that means there will be something...
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Sherif Hasan
Published post The economic calendar is light today
Brexit talk will dominate The economic calendar won't be the source of much drama today. Scheduled news includes minor data and a couple speeches. It starts at the bottom of the hour with Canadian wholesale trade sales at 8:30 am ET (1230 GMT). The consensus is +0.5% after a -1.0% fall in March...
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Sherif Hasan
Published post Canadian April wholesale trade sales +0.1% vs +0.5% exp
Canada April wholesale trade sales data First gain following two months of declines Prior was -1.0% (revised to -0.8%) Weak on the headline but a touch stronger on the revision. Inventories -0.3...
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Sherif Hasan
Published post US stocks poised for big gains to start the week
S&P 500 futures up 27.5 points European stocks are soaring and the US market is slated to follow suit. Bourses across Europe are up 2.8% to 3.7% as the odds of a Brexit tumble. The US market is slated to gain about 1.3% at the open after a 1.2% decline last week...
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Sherif Hasan
Published post Pound feeling some further love after earlier retreat
Pound buyers prevailing as European trading unfolds 20 June 2016 Highs now of 1.4672 for cable after a test of the 1.4550 support/area that I highlighted earlier. More layers of offers/res into 1.4680-1.4700/20 with stops above if breached. EURGBP has broken down through the 0...
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Sherif Hasan
The main event this week will be the long awaited UK’s EU referendum. Considered by many to not only be the single biggest trading event this year but potentially the biggest planned risk event ever, Thursday is set to be a historic day and the referendum a once in a lifetime trading opportunity...
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Sherif Hasan
Published post BOJ is still halfway to 2.0% inflation target says Kuroda
Mr K on Bloomberg. Is he saying his cup is half full or half empty...
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