The Japanese yen opened sharply higher against such major rivals as the US dollar and the euro, fell back to the Friday’s close but returned to trade near the opening as of now. The yen’s performance against the Great Britain pound was a totally different matter as the Japanese currency continued to move higher after the initial opening. Markets continue to recover from the aftershock of Britain’s referendum outcome. There is still a very high degree of uncertainty … “Yen Continues to Rise Against Pound”
Month: June 2016
Weathering Brexit: Updates from 15 brokers
Before the big EU Referendum, we collected Brexit preparations from 41 brokers, with most of them limiting leverage. Other measures were taken as well. Well, how did those brokers do? What measures have they relaxed and which ones have remained intact? Here is an update for after the event with most report being positive so far. The list … “Weathering Brexit: Updates from 15 brokers”
Weathering Brexit: Updates from 15 brokers
Before the big EU Referendum, we collected Brexit preparations from 41 brokers, with most of them limiting leverage. Other measures were taken as well. Well, how did those brokers do? What measures have they relaxed and which ones have remained intact? Here is an update for after the event with most report being positive so far. The list … “Weathering Brexit: Updates from 15 brokers”
EUR/USD: Trading the US Final GDP
US Final GDP is a key release and is published each quarter. GDP reports measure production and growth of the economy, and are considered by analysts as one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for … “EUR/USD: Trading the US Final GDP”
EUR/USD has more room to the downside – 2 opinions
The Brexit fallout continues and the collateral damage is also felt in the euro. Here are downwards looking forecasts. Here is their view, courtesy of eFXnews: Post-Brexit: EUR/USD Towards 1.07-1.09 Before Bottoming Out – Danske Don’t Buy EUR/USD At Current Levels – Credit Agricole We expect the single currency to remain subject to downside risks. This is especially … “EUR/USD has more room to the downside – 2 opinions”
Further GBP Downside; Sharp FX Moves Next Few Days –
After the Brexit, we had a sharp fall of the pound with a significant bounce. More falls may come, say the people at Goldman Sachs: Here is their view, courtesy of eFXnews: Given the potential global ramifications of the UK vote and its effect on central banks’ policies, we also place our FX forecasts under review. We will … “Further GBP Downside; Sharp FX Moves Next Few Days –”
Pound Ends Week with Huge Losses After Brexit Becomes Real
The major event for the week, overshadowing all others, was the referendum in Great Britain. And it resulted in a shocking outcome — Britons voted for leaving the European Union. Unsurprisingly, the Great Britain pound crashed hard after the result of voting had become clear. The sterling was moving up for the most part of the week as polls were showing higher number of votes for staying in the EU than leaving. Yet everything has changed on Friday when all … “Pound Ends Week with Huge Losses After Brexit Becomes Real”
Forget about Fed hikes – rate cut in September?
The UK decided to leave the EU in a move that shocked global markets. This has wide implications beyond the shores of the UK and the EU. It could even tip the world into a recession. There are many open questions after the UK vote to leave. How will trade continue between the UK and the rest of the … “Forget about Fed hikes – rate cut in September?”
Brexit Fallout: US dollar likely to emerge the winner
A rising dollar once again! Would that be good or bad for the US economy? As Britain voted on June 23rd to part ways with the EU, besides the yen and the gold safe havens, the US dollar also emerged as one of the beneficiaries. While the recent Fed rate hike narrative has been the … “Brexit Fallout: US dollar likely to emerge the winner”
Brexit-ready: updates on 41 forex brokers
The June 23rd EU Referendum is getting closer, with every opinion poll moving the pound more quite a bit. The event takes place when markets are open, but liquidity may be thin in parts of the Asian session, and uncertainty may be abundant in the weekend ahead of the vote. Brokers are getting ready for high volatility. Here … “Brexit-ready: updates on 41 forex brokers”