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”
Month: June 2016
Do these 3 things if you opt to jump on the Brexit train
Brexit odds are rising: GBP/USD is crashing, things are looking cruel as more votes for leave are gaining ground. The initial big fall came from Sunderland after a push from Newcastle. Since then, the pound found some stability but fresh results push things lower. Update: UK leaves the EU – it is official – expect more … “Do these 3 things if you opt to jump on the Brexit train”
3 reasons why GBP/USD can fall from here
Cable topped 1.50 after a second voting day poll showed an even bigger victory and as The Sun conceded. This joined a first poll and talk (later denied) that Nigel Farage conceded defeat. Also initial turnout figures seem to be supportive for the Remain camp. But things may not be that positive for the pound,. Here are 3 … “3 reasons why GBP/USD can fall from here”
EU Referendum Preview: Positioning, Scenarios and Key Results Releases
Brexit or Bremain? This is a question the whole world is asking. If Brits vote to remain in the EU, we could witness a relief rally in the pound, euro, other risk currencies and stock markets. If Brits want out, the pound could plunge, the euro will follow and so will stocks. In addition, it could be … “EU Referendum Preview: Positioning, Scenarios and Key Results Releases”
GBP is overvalued – Morgan Stanley
As we head into the last hours of the EU Referendum, volatility is extremely high. The team at Morgan Stanley sees pound hedges as becoming obsolete and they see UK fundamentals as pointing to lower ground. Will we have a “buy the rumor, sell the fact” on a remain vote? Here is their view, courtesy of … “GBP is overvalued – Morgan Stanley”
Brexit and the Yellow Metal
By Naeem Aslam Chief Market Analyst ThinkForex The precious metal has very much priced in the decision that the Remain group will win in this referendum outcome where the public is making a decision not only for themselves but for the generations to come. The decision made by the British Public will have some serious … “Brexit and the Yellow Metal”
NZ Dollar Jumps While Britons Vote in Referendum
The New Zealand dollar rallied to the highest level in a year versus the US dollar and climbed more than 2% against the Japanese yen amid hopes for Great Britain to stay in the European Union. Britons vote today whether to leave the EU or stay. An exit is considered to be a negative outcome, potentially hurting the economy of Britain as well as the whole world (as the country is one of the world’s major financial centers). For now, polls show that … “NZ Dollar Jumps While Britons Vote in Referendum”
Norway Central Bank Makes No Changes to Policy, Krone Climbs
The Norwegian krone climbed versus the US dollar after Norway’s central bank refrained from cutting interest rates during today’s policy meeting. The Norges Bank decided to keep its main interest rate at 0.5%. The bank followed other central banks in voicing concern about the referendum in Great Britain and uncertainty surrounding its outcome. While the central bank preferred to make no move ahead of the important event, Governor Oeystein … “Norway Central Bank Makes No Changes to Policy, Krone Climbs”
Was your trade’s fill price fair? Check your trade
It’s hard to exaggerate the importance of the EU Referendum for global markets. With low liquidity expected in any case during the late night hours in the old continent and the very close call, brokers have already taken action. But are they filling orders correctly? Peter Forster and his team at Trade Proofer have already provides us … “Was your trade’s fill price fair? Check your trade”
Was your trade’s fill price fair? Check your trade
It’s hard to exaggerate the importance of the EU Referendum for global markets. With low liquidity expected in any case during the late night hours in the old continent and the very close call, brokers have already taken action. But are they filling orders correctly? Peter Forster and his team at Trade Proofer have already provides us … “Was your trade’s fill price fair? Check your trade”