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Sherif Hasan
Published post BOJ's Kuroda inflation expectations in practice are "highly sticky"
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...
Sherif Hasan
Published post European equities open firmer 20 June
Positive tones as expected on Brexit fears abating 20 June 2016 FTSE +2.1% DAX +2.4% CAC40 +2.6% FTMIB +1.6...
Sherif Hasan
Published post China's commercial banks sell net USD 12.5bln in May vs USD 23.7bln in April
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...
Sherif Hasan
Published post Betfair lengthen odds on Brexit after week-end polls
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...
Sherif Hasan
Published post Eurostoxx 50 futures up 3.5% in early European trading
Positive tones for equities as Brexit fears subside 20 June 2016 DAX futures +3.2% CAC40 +3.2% FTSE +2.8...
Sherif Hasan
Published post IMF's Lipton says Japan benefits from flexible exchange rate
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...
Sherif Hasan
Published post Nikkei
Positive tones for equities as Brexit fears subside 20 June 2016 +365.64 open 15839.06 high 16035.44 low 15835.86...
Sherif Hasan
Published post Japan nationwide department store sales May yy -5.1% vs -3.85 prev
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...
Sherif Hasan
Published post Perky pound enjoys the ride but sellers lurking again
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...
Sherif Hasan
Published post Data coming up in this session 20 June
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...
Sherif Hasan
Published post "Here Is Our Strategy To Trade The UK Referendum Outcome"
Société Générale on their strategy to trade the UK Brexit Referendum The UK referendum is less than a week away...
Sherif Hasan
Published post Ex-MoF Sakakibara says yen is gradually appreciating to 100
Says yen is gradually appreciating to 100 May reach 100 by the end of 2016 Thanks Sak, appreciate your input Headlines via Bloomberg 'Mr. Yen' Eisuke Sakakibara, former Vice Finance Minister and in charge of intervention at Japan's Ministry of Finance from 1997 to 1999...
Sherif Hasan
Published post Japan - Trade balance for May: Y -40.7bn (expected Y 70bn, prior Y823.2bn)
Japan - Trade balance data, May Japan - Trade balance for May, deficit of 40.7bn yen expected Y 70bn, prior Y823.2bn And adjusted trade balance for May Y 269.8bn expected Y113.4bn, prior Y426.6bn...
Sherif Hasan
Published post Federal Reserve heads up - Janet Yellen to appear before Congress twice this week
At the risk of alerting the paparazzi, eager to snap pics of Janet Yellen at any opportunity Yellen to appear in the US Congress twice this week ... its "The Semiannual Monetary Policy Report to the Congress...
Sherif Hasan
Published post NZ data: Q2 Consumer confidence 106 (109.6 prior), Services PMI 56.9 (57.8)
Data out from New Zealand this morning so far: Westpac Q2 Consumer confidence in at 106.0 prior 109.6 Services PMI for May, 56.9 prior 57.8, revised from 57.7...
Sherif Hasan
Published post Economic data due from Asia today - and BOJ's Kuroda to speak
Bank of Japan Governor Kuroda is due to speak today, at Keio University in Tokyo No topic listed, nor a starting time. So, he could say ANYTHING! at ANYTIME! OMG What else? 2200GMT - New Zealand - Westpac with Q2 Consumer confidence (prior 109.6...
Sherif Hasan
Published post Monday morning 20 June 2016 Forex prices, early indications
Welcome to the market open of the FX week, and good forex morning, afternoon or evening to all. The forex market is just getting started in New Zealand at this time of the week. Market liquidity is super thin...
Sherif Hasan
Published post Cameron says he won't quit of 'leave' side wins
UK PM says it 'would be wrong thing for me to quit' if Brexit vote succeeds In the wake of the Jo Cox assassination, the polls are showing a shift towards the remain side and with many voters still undecided, the chance of the 'leave' side winning is dwindling...
Sherif Hasan
EUR/USD wobbled on the market mood, suffering from the changing sentiment regarding the British EU Referendum. Apart from the event itself, we have key German surveys and PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
Sherif Hasan
The markets are closed but pollsters don’t rest. Figures released by various companies shower a tighter race...