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Sherif Hasan
Published post Support and Resistance
Support and resistance is one of the most widely used concepts in trading. One thing to remember is that support and resistance levels are not exact numbers. Often times you will see a support or resistance level that appears to be broken, but soon after find out the market was just testing it...
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Sherif Hasan
Published post Position Sizing and Risk
The single most important factor in building a smooth equity curve in your trading account is the size of the position you take in your trades...
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Sherif Hasan
The main event for today will be comments from Fed Chair Yellen, who will be discussing the economic outlook and monetary policy at the World Affairs Council of Philadelphia’s luncheon. As always on Mondays kick start the week with my prepared currency update below...
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Sherif Hasan
Published post How to trade the UK inflation report
These types of events happen regularly but this week we have a very interesting scenario occurring because most analysts expect the Bank to upgrade its economic assessment of the UK economy and realign their targets for raising interest rates...
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Sherif Hasan
Published post How to trade the ECB’s monetary policy
The European Central Bank (ECB) has always been in favour of ‘talking’ the market up and making bold promises that inspire confidence, while at the same time avoiding a catastrophic collapse based on the actual fundamentals of the region and often messy political backdrop...
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Sherif Hasan
Published post So how do FX traders actually make a profit?
Learning FX can seem overwhelming. In his latest blog post, Sheriff explains the basics behind the currency markets and the most popular currencies traders need to be aware of. If you’re new to FX, you may be wondering where on earth to start...
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Sherif Hasan
Published post Understand sentiment for FX success
After a few hectic weeks of financial news and events, Sheriff explains how he employs fundamental analysis on a daily basis to judge the currency markets and make trades...
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Sherif Hasan
Coming up in today’s London session will be PMI data releases from throughout Europe, followed by comments from Fed’s Bullard late in the session. As always on Mondays kick start the week with my prepared currency update below...
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Sherif Hasan
Ahead we have UK CPI from which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave...
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Sherif Hasan
Today’s session is expected to be uneventful with bank holidays in France, Germany and Switzerland and no significant economic data due until Empire State Manufacturing Index during the NY session...
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Sherif Hasan
Forex Factory is probably one of the best known calendars available to retail traders, and this post will help you to understand how to use this tool in your trading...
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Sherif Hasan
Recently we received a question from one of our members asking if it is ok to use trend lines for her trading entries after she determined sentiment and direction from the news...
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Sherif Hasan
During the early Asian session, the RBNZ released their biannual Financial Stability Report. In it, the Bank expressed continued concerns over Auckland’s rising housing market and also low dairy prices...
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Sherif Hasan
The USD remains a bullish currency in the longer-term, however the lack of a confirmed rise in core inflation and a cautiously neutral Fed have induced bearish sentiment on the USD in the short term. Dollar weakness is likely to continue until we get some solid tier one US data...
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Sherif Hasan
As is usual for Monday, data events are few and price action is subdued. Ahead we have Factory Orders from Germany, CPI from Switzerland, and House Price Index from the UK – none of which are expected to have any notable impact. Start your week with my prepared most recent currency update below...
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Sherif Hasan
Today is a bank holiday in the UK which means volumes are expected to be very light. The London session is light on economic data too. Start your week with the currency update below...
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Sherif Hasan
Published post US oil production fell 0.6% in February - EIA
US oil production data from the EIA Oil production fell to 9.129 mbpd from 9.180 mbpd in February, according to the EIA. That's 51,000 bpd decline, or 0.6%. Compared to a year earlier, production is down 3.4%. The numbers are laggy compared to the weekly data, also produced by the EIA...
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Sherif Hasan
There is no trade call for the London session. Start your week with my prepared currency update below. Currency Update USD: CPI for March slightly missed estimates with Core dropping to 2.2% y/y from a prior of 2.3% and for the month, missing estimates at 0.1% versus 0.2% expected...
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