GBPJPY - Selling into rallies with the upside limited

Monthly: The cross is trading between the 38.2% and 50% pullback level (of 152.09 and 160.45). Price action in February posted a bearish Outside Month, often an indication that the rally is over and the start of a new downward bias Weekly:  The weekly chart highlights mixed trading for the last 69 weeks as we hold within a bearish Ascendi...

2018-04-17 Ian Coleman Read more
Manchester_Indices_2305

After the sad events that occurred overnight in the UK – Manchester, we have noticed some negative impact on the markets, including Asian equities, European equities, and currencies. However, such impact was short-lived and most of the markets have recovered its initial declines, supported by economic releases. Asian Equities Declines Desp...

2017-07-26 Nour Eldeen Al-Hammoury Read more
BOE GBP

After a week with the lack of fundamentals across the board, this week comes with many economic releases and events, which likely to spark the level of volatility once again. During the European session ahead, all eyes will be on the UK as we wait for inflation figures, which likely to have a notable impact on the market and GBP pairs. Expec...

2017-07-26 Nour Eldeen Al-Hammoury Read more
BoE_Sterling_GBP

Earlier this morning, there were some economic figures from the UK, which came in with another disappointment, showing a clear sign of slowing down and increasing the risk of Brexit fears. Such figures continue to prove that the Bank of England is still far away from changing its easy policy anytime soon. In fact, the risk is rising toward furt...

2017-07-26 Nour Eldeen Al-Hammoury Read more
BOE_UK Data_UK Inflation

After the slow and calm start of the week with no economic releases and lower volume across the board, volatility is set to pick up during the second trading day of the week, as we wait for many economic figures ahead. Today we will be concentrating on the UK inflation figures, which are expected to have a notable impact on the markets, especia...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Cable craches_GBP_UK_Pound

It’s the inflation week. In the next few days, we will be watching many economic releases, including inflation, growth and jobs reports as well. However, the world will be focusing on inflation data, especially that the past few months showed a notable rise in many countries, such as in Europe. Such rise in inflation pushed the ECB to announce ...

2017-02-14 Nour Eldeen Al-Hammoury Read more
UK PMI_UK BoE

DowJones Above 20K Despite the fact that there were few significant economic releases yesterday, volatility has increased significantly as the DowJones Industrial Average has finally surpassed 20K barrier and continued to rise all the way above 20,050. Such a break has put some pressure on the US Dollar Index, which broke through 100.0 barrier ...

2017-01-26 Nour Eldeen Al-Hammoury Read more
Theresa May_Brexit

The first day of the week came in with lack of fundamentals and liquidity, while volatility picked up on the rising fears of Brexit. However, rising volatility is what we all need to jump in to new opportunities. In today’s report, we will discuss the upcoming economic releases in the UK, what to look for, how to trade the news and what matters ...

2017-01-17 Nour Eldeen Al-Hammoury Read more
Yen_JPY Trends

The first day of the week came in with very few economic releases across the board, leading to some sort of tight range in most of the global asset classes. From now on until the end of the year, traders need to know that volatility will start to decline gradually ahead of the holiday season. Therefore, don’t be surprised if central banks decisi...

2016-12-19 Nour Eldeen Al-Hammoury Read more
BOE Carney

After the Federal Reserve had decided to raise the fed fund rate by 25bps as widely expected, another central bank decision is ahead of us, which set to have another wave of volatility in the coming hours. Before the start of the US session, the Bank of England will announce its decision side by side with the latest MPC meeting minutes, in today...

2016-12-15 Nour Eldeen Al-Hammoury Read more