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Sherif Hasan
Published post Fitch says Australian banks' capital positions strengthening & better than you think
The latest on Asia-Pacific banks from Fitch Ratings Australian banks' capital positions have been strengthening The extent of improvement and the regulatory capital ratios themselves are understated relative to many international peers Due to a conservative implementation of the Basel capital fra...
Sherif Hasan
Published post BoA/ML survey of fund managers shows cash holdings highest since Nov. 2001
Bank of America Merrill Lynch's monthly fund manager survey Its found cash allocations amongst the managers are now at a 15-year high, highest since November of 2001 At 5.7% (was 5...
Sherif Hasan
Published post NZ - ANZ Job advertisements for May: +0.2% m/m (previous was +1.7%)
New Zealand data ANZ Job advertisements for May: +0.2% m/m (prior was +1.8%, revised from1.7%) For the y/y, up 7.2% ANZ commentary...
Sherif Hasan
Published post Reversals on top of reversals in gold
Gold climbs to highest since July 2014 then tumbles Uncertainty and a Fed that suddenly seems like might not hike at all gave gold an boost early today but it has completely turned around in the second big reversal in a month. The first came three weeks ago...
Sherif Hasan

Price Action

16 June 2016, 21:22
In recent years Price Action has rapidly gained popularity among traders for its simplicity and reliability. It really is so good that many traders have started to use the elements in their trade. The most popular and recognizable element was a pin-bar...
Sherif Hasan
Published post Three reasons for the turnaround in sentiment
A mix of stupidity, cold-heartedness and fear Part 1 The all-time classic market rumours cartoon is perfect to illustrate what's happening today. The headlines say something like: UK PM David Cameron suspends EU vote campaigning because of Jo Cox death...
Sherif Hasan
Published post You know it's a crazy market when rumours start to do the rounds
Talk the Brexit vote could be delayed There's a completely unsourced (and very likely untrue) rumour that the Brexit vote could be delayed because of the murder of UK MP Jo Cox today...
Sherif Hasan
Published post Bank of England Gov Carney will no longer deliver planned speech
UK MP Jo Cox now confirmed dead The murder of UK MP Jo Cox has resulted in the suspension of Brexit-related campaigning so that might be the reasons...
Sherif Hasan
Published post Forex technical analysis: USDJPY tests intraday target
When you go 258 pips, there may be some profit taking. The USDJPY has moved about 258 pips from the highs and reached this low in the process.(see chart below) There was a healthy correction that saw the price test the earlier low at 104.50 and the 38.2% retracement of the move down at 104.527...
Sherif Hasan
Published post Commodity FX is beginning to roll over
This market is disappointing more than England The Australian and Canadian dollars are down more than 1% and now the New Zealand dollar has broken below 0.70. A full-on flight to safety is beginning to emerge...
Sherif Hasan
Published post UK MP in critical condition after shooting
Labour MP Jo Cox shot today It's unclear if the UK member of Parliament was targeted or became involved in a dispute. The assailant is at large and a witness said he was in his 60s or 70s...
Sherif Hasan
Published post S&P 500 sinks at the open
S&P 500 down 12 points to 2058 Let's count the reasons why Strength in the dollar Weakness in oil The lack of action from the BOJ...
Sherif Hasan
Published post EUR/USD finding a range ahead of the Fed
EUR/USD is off the lows and has found a new range ahead of the all-important decision by the Federal Reserve. The euro is moving by external factors, influenced by the British EU Referendum more than anything else...
Sherif Hasan
Published post US June NAHB housing market index 60 vs 59 expected
Details of the June NAHN housing market index: Five month high Prior was 58 (unrevised) Single-family sales 64 vs 63 prior Prospective buyers 47 vs 44 prior...
Sherif Hasan
Published post Why do I get the feeling...
that the employment trends in these regional reports are going to start filtering through the wider market? It's fine to acknowledge a trend but not at the expense of looking for signs it's going to end...
Sherif Hasan
Published post Oil uptrend gives way as selling accelerates in sixth day of declines
Strong dollar and rising supplies weigh WTI crude is down nearly 2% in a broad commodity slump. Oil fell yesterday then rebounded on an unexpected drop in US inventories. However, all the gains evaporated and it closed at the lows yesterday...
Sherif Hasan
Published post US May CPI +0.2% m/m vs +0.3% exp
US CPI data highlights: Prior was +0.4% m/m CPI ex food and energy +0.2% vs +0.2% m/m exp CPI +1.0% y/y vs +1.1% exp CPI ex food and energy +2.2% y/y vs +2.2% exp...
Sherif Hasan
Published post June 2016 US Philly Fed business outlook index 4.7 vs 0.0 exp
June 2016 US Philly Fed business outlook index Prior -1.80 New orders -3.00 vs -1.90 prior Employment -10.90 vs -3.30 prior Prices paid 23.00 vs 15.70 prior...
Sherif Hasan
Published post US weekly initial jobless claims 277k vs. 270K est.
4- week average 269.25 vs 269.5 last The US weekly jobless claims came in at 277K vs 270k estimate. The 4-week moving average dipped slightly to 269.25K from 269.5K last week (lets call that unchanged). The continuing claims came in at 2157K vs 2140K est...
Sherif Hasan
Published post May 2016 US CPI 1.0% vs 1.1% exp y/y
Details form the May 2016 US CPI data report 16 June 2016 Prior 1.1%. Core CPI 2.2% vs 2.2% exp y/y. Prior 2.1% Real weekly earnings 0.0% vs 0.2% prior m/m. Revised to -0.1% 1.1% vs 1.3% prior y/y. Revised to 1.1...