Sherif Hasan / Profile

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...

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...

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...

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...

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...

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...

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...

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...

Mr K on Bloomberg. Is he saying his cup is half full or half empty...

BOJ governor Kuroda back across the wires 20 June 2016 inflation expectations observed in practice are highly sticky and change only slowly firmly stabilising inflation expectations at desired level represents and unprecedented difficult challenge changing deflationary mindset absolutely necessar...

Positive tones as expected on Brexit fears abating 20 June 2016 FTSE +2.1% DAX +2.4% CAC40 +2.6% FTMIB +1.6...

China's fx regulator,SAFE, out with their latest data 20 June 2016 Jan-May total sales USD 161bln This is effectively the level of PBOC intervention which is executed through the banks. Lesser activity as already highlighted the slower pace of FX reserve reduction. Says SAFE...

UK bookmakers Betfair move the odds out on Brexit 20 June 2016 implied probability of a Remain vote at 72% vs 65% on Frday No surprises given the latest news and probably already factored in to the GBP price...

Positive tones for equities as Brexit fears subside 20 June 2016 DAX futures +3.2% CAC40 +3.2% FTSE +2.8...

IMF deputy MD Lipton speaking on Japan after Article 4 meetings 20 June 2016 flexible exchange rate system serves Japanese economy well. Abe and Kuroda may fail to see the positives methinks difficult to spur inflation without raising wages 2% inflation unlikely in 2017...

Positive tones for equities as Brexit fears subside 20 June 2016 +365.64 open 15839.06 high 16035.44 low 15835.86...

Japan May department store sales data 20 June 2016 Tokyo dept store sales yy -4.5% vs -1.5% Weak data helping to confirm that Abe was right to delay sales tax hike. Meanwhile Nikkei up +2.41% at 15980.51 heading into the close. USDJPY 104.62...

The pound has rallied strongly since Friday as Brexit fears subside 20 June Strong rally since the move began late in NY as a combination of poll results and general sentiment emanating from the tragic murder of Jo Cox has lent itself to some short covering. GBPUSD has posted 1...

Your economic data/event calendar for today 20 June 2016 Greetings one and all. I trust you had a good week-end and suitablY rested for the huge week ahead. Quiet start on the data front but that's not going to stop us seeing some action...

Société Générale on their strategy to trade the UK Brexit Referendum The UK referendum is less than a week away...