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Sherif Hasan
Published post GBP/USD: Trading the UK Services PMI
UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound...
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Sherif Hasan
Published post USD/JPY hits session low with US dollar under pressure
Risk aversion rising US stock futures point to an 11 point decline in the S&P 500 as the market sours, once again, on the Brexit uncertainty. The main focus is on the breakdown in cable but the dollar has come under some independent pressure in the past 30 minutes. USD/JPY quickly fell to 101...
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Sherif Hasan
Published post Forex technical analysis: Targets in the GBPUSD being taken out
Takes out lower trend line on hourly chart. Timber The GBPUSD just took out the lower trend line which held briefly at 1.3090 area, and we are seeing further selling as traders throw in the towel. With the price trading at lowest levels since 1985, there is not a whole lot to hang onto...
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Sherif Hasan
Published post Theresa May is the overwhelming favourite to become PM - poll
A majority of Conservatives support May YouGov polled Conservative members from July 1-4 and found that Theresa May begins the leadership race as an overwhelming favourite. T. May: 54% A. Leadsom: 20% M. Gove: 9...
55
Sherif Hasan
Published post The strongest currencies as NA traders enter for the day
July 5th, 2016: The JPY is the strongest. The GBP is the weakest. As North American traders enter for the day, the JPY is strongest currency, while the GBP is the weakest. The GBP has obviously found it's trend from comments from BOE's Carney who continues to speak of "action...
107
Sherif Hasan
Published post Modest economic calendar greets US traders after a long weekend
Factory orders and a speech from Dudley later It's always nice to return from a long weekend to a light economic calendar. The market is trying to find its legs as cable takes a fresh beating. There were worries about Carney and the services PMI but the news was ho-hum...
140
Sherif Hasan
Published post There's no stopping the EURGBP train
EURGBP cracks 0.8500 And that's sent cable down to test 1.3100. There's news arriving that yet another fund is halting exiting from it's property fund. Aviva is reported to have said it will suspend selling due to "extraordinary circumstances" (that old chestnut...
86
Sherif Hasan
Published post There's no stopping the EURGBP train
EURGBP cracks 0.8500 And that's sent cable down to test 1.3100. There's news arriving that yet another fund is halting exiting from it's property fund. Aviva is reported to have said it will suspend selling due to "extraordinary circumstances" (that old chestnut...
90
Sherif Hasan
Published post Let's get some things straight about Brexit
It's time to clarify some things about Brexit Going by some of the comments there have been about Brexit you'd think the UK will resemble a world akin to something from the Mad Max films. Let's be straight about a few things. No one is saying there won't be any economic fallout...
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Sherif Hasan
Published post Carney: Drop in sterling will support exporters
Carney presser following the release of the FPC's Financial Stability report BOE will be straight with the British people Now likely that adjustments in commercial real-estate and will tighten credit conditions There is growing evidence that post Brexit uncertainty has delayed decisions on invest...
142
Sherif Hasan
Published post BOE: Cuts regulatory buffers, will increase bank lending by up to £150m
Latest BOE Financial stability report Will reduce counter cyclical capital buffer to 0.0% from 0.5% with immediate effect until June 2017 at the least CCB cut will reduce buffer by £5...
178
Sherif Hasan
Published post June 2016 UK Markit CIPS services PMI 52.3 vs 52.8 exp
Details from the June 2016 UK Markit/CIPS services PMI data report 5 July 2016 Prior 53.5 New orders 52.3 v s53.5 prior Composite 52.4 vs 52.0 exp. Prior 53.0 New orders 53.0 vs 51.5 prior...
77
Sherif Hasan
Published post 5 Things Successful Traders Do Differently
1. They keep faith in their abilities during times of drawdown. Despite what less experienced traders may think about professional traders, everyone has losing streaks at some point in time...
108
Sherif Hasan
Published post June 2016 French Markit services PMI 49.9 vs 49.9 exp
Details from the June 2016 French Markit services PMI data report 5 July 2016 Prior 49.9 New orders 50.3 vs 51.7 prior Composite 49.6 vs 49.4 prior New orders 49.6 vs 51.0 prior...
74
Sherif Hasan
Published post June 2016 Italian Markit/ADACI services PMI 51.9 vs 50.2 exp
Details from the June 2016 Italian Markit/ADACI services PMI data report 5 July 2016 Prior 49.8 New orders 52.1 vs 51.0 prior Composite 52.6 vs 50.8 prior New orders 52.7 vs 51.4 prior...
60
Sherif Hasan
Published post Euro in demand as Italy rides to the rescue of its banks
EURUSD jumps to 1.1186 as Italy looks to prop up bits banks The Italian banking sector worries have been calmed with news that Italy is looking to prop up its banks...
85
Sherif Hasan
Published post June 2016 Spanish Markit services PMI 56.0 vs 55.3 exp
Details from the June 2016 Spanish Markit services PMI data report 5 July 2016 Prior 55.4 New orders 55.7 vs 54.3 prior Composite 55.7 vs 54.6 prior New orders 54.5 vs 53.5 prior...
70
Sherif Hasan
Published post Pound traders are likely to be nervous ahead of the UK services PMI
Following the collapse of the construction PMI there's going to be some nervousness around the services PMI GBP longs beware! Yesterday's construction PMI was a very loud warning bell for Brexit related economic fallout...
84
Sherif Hasan
Published post It's a Carney double header today and more risk for the pound
It's a two-for-one Mark Carney day today The BOE head is gracing us with his presence twice today. At 09.30 GMT he brings us the latest BOE financial stability report. Ok, he's not really speaking live for this one but we'll get all the details and comments from the report...
147
Sherif Hasan
Published post Trade Idea: EUR/USD Range Play
With Dovish Draghi set to give a testimony this week, I’m waiting for an opportunity to short the euro in anticipation of more ECB easing clues. Here’s what I’m looking at. On the pair’s 4-hour time frame, it looks like price is pulling up to an area of interest around the 1...
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