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Sherif Hasan
Published post US initial jobless claims 268k vs 267k exp
US initial jobless claims week ending 24 June 2016 Prior 259k. Revised to 258k Continued claims 2.120m vs 2.150m exp. Prior 2.142m. Revised to 2.140m 4 week average 266.75k vs 267.00k prior. Revised to 266.75k As near as straight down the line as you can get it...
Sherif Hasan
Published post Elliott Wave Analysis on FTSE 100 and S&P500
FTSE 100 On UK index, FTSE100 we expect more gains in the short-term as the recent minor pullback appears to be a wave four within an uptrend. We are looking for wave five to rally towards 6350-6400...
Sherif Hasan
Published post AUD/USD: Trading the Chinese Caixin Manufacturing PMI
Chinese Caixin Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China...
Sherif Hasan
Published post EURUSD , GBPUSD , USDJPY and XAUUSD TA – June 30 2016
EURUSD Daily Analysis EURUSD (1.11): EURUSD has been bullish for the past three consecutive days with yesterday’s price action filling the gap from June 24 closing price at 1.1105. Price action is now seen challenging the 1...
Sherif Hasan
Published post Australian Election: Market Impacts Under Alternate Scenarios – Nomura
Australia goes to the polls about a week after Brexit. This could shape the direction of the Aussie while the world is not looking...
Sherif Hasan
Published post 3 reasons for the extended GBP/USD and 3 reasons why it can fall from here
GBP/USD is trading back at the 1.35 handle, around 400 pips off the lows seen on Monday. The reaction to Brexit was brutal but the correction is quite spectacular as well. What’s next for the pound? Will it continue higher or is the recovery over...
Sherif Hasan
Published post Will Brexit Break GBP But Make EUR?
Brexit has hit the pound hard but the euro is doing quite well. Here is their view, courtesy of eFXnews: Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground...
Sherif Hasan
Published post Boris Johnson: This is not a crisis this is a moment for hope and ambition
Boris speaking but he hasn't actually declared he's in the running. He's making a big speech which sounds like he might go either way. The way he's speaking he sounds like he's not going to enter. I'm a tax cutting conservative but wants a fairer capitalism You live longer under conservatives...
Sherif Hasan
Published post SNB's Zurbruegg says they are a true believer in flexible exchange rates
Swiss National Bank vice-chairman Zurbruegg speaking in Russia 30 June Flexible like a 30% appreciation in a session after you remove a cap? Constant intervention ? Yep all very fiexible, for the SNB at least. Excuse me while I fall about laughing. deposit rate of minus 0...
Sherif Hasan
Published post June 2016 Eurozone CPI flash 0.1% vs 0.0% exp y/y
June 2016 Eurozone CPI flash report 30 June 2016 Prior -0.1% Core 0.9% vs 0.8% exp y/y. Prior 0.8% TAPER!! No real details come with the flash report so that's that...
Sherif Hasan
Published post Q1 2016 UK GDP final revision 0.4% vs 0.4% exp q/q
Details of the Q1 2016 UK GDP final revision data report 30 June 2016 Prior 0.4% 2.0% vs 2.0% exp y/y. Prior 2.0% Business investment -0.6% vs -0.5% prior q/q -0.8% vs -0.4% prior y/y...
Sherif Hasan
Published post Leave campaign principal Gove to stand for PM job
UK justice secretary Michael Gove has just announced his intention to lead the Conservative Party A change of heart/mid from Gove who had previously said he would support Boris...
Sherif Hasan
Added poll What's your current trading bias on the Kiwi dollar?
  • 32% (9)
  • 14% (4)
  • 11% (3)
  • 11% (3)
  • 7% (2)
  • 25% (7)
Total voters: 28
Sherif Hasan
Published post A Review of the RBNZ’s Annual Statement of Intent
Let’s step back from all this Brexit hubbub and constant focus on the pound, shall we? Having said that, the Reserve Bank of New Zealand (RBNZ) released its annual Statement of Intent (SOI) earlier. Great, but what is it and what does it have to do with the forex market, you ask...
Sherif Hasan
Published post Mid-Year Check: Are You Meeting Your Trading Goals?
Can you believe it’s almost July?! With almost half of the year behind us, it’s time to look back on the trading goals that you made at the beginning of the year and see if you need to make changes to your goals, trading processes, or strategies. Here are some tips to get you started! 1...
Sherif Hasan
Published post How the Brexit Has Affected the Forex Industry So Far
Phew! It looks like forex brokers can breathe easy now that the EU referendum has come and gone. The Brexit decision did wreak some havoc across the charts but industry players are looking unshaken so far...
Sherif Hasan
Published post Germany retail sales May mm +0.9% +0.6% exp
Germany May retail sales report 30 June 2016 -0.3% prev revised up from -0.9% yy +2.6% vs +2.5% exp vs +2.7% prev revised up from +2.3% prev Stronger retails welcome news for the German domestic economy. EURUSD 1.1090 EURGBP 0.8286 EURJPY 113.82...
Sherif Hasan
Published post Expect month-end EURGBP demand for a while yet despite Brexit
Despite the Brexit result it's still business as usual as far as UK payments to the EU are concerned 30 June The German Bundesbank buys euros each month-end, in excess of €2bln, to cover the UK's EU membership fee...
Sherif Hasan
Published post Chinese fund managers recommend cutting bond allocations to 6.3% vs 7.5% prev
The results of a Reuters poll of 8 Chinese fund managers 30 June recommend cash holdings to be reduced to 16.9% vs 20.6% last month suggest raising equity exposure for next 3 months to 76.9% vs 71...
Sherif Hasan
Published post Japan housing starts May yy +9.8% vs +4.8% exp
Japan May housing report 30 June 2016 +9.0% prev annualised starts +1.017m vs +0.973m exp vs +0.995m prev Slightly delayed but now out. Not a price changer in its own right. USDJPY 102.64 .Expect bids/demand into 102.50 after its retreat from 103.00...