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”
Category: Opinions
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”
USD/JPY: Trading the US New Home Sales
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 14:00 GMT. Indicator Background US New … “USD/JPY: Trading the US New Home Sales”
GBP, JPY: Expected Trading Targets On A Leave / Remain
The Brexit / Bremain vote is upon us, with wide ranging implications. Here are the expected moves according to BTMU: Here is their view, courtesy of eFXnews: The opinion polls that had a clear momentum in favour of ‘Leave’ over recent weeks have indicated a shift with weekend opinion polls showing support has shifted back in favour of … “GBP, JPY: Expected Trading Targets On A Leave / Remain”
EUR/USD, USD/JPY: Targets On Brexit – BofA Merrill
While most of the Brexit focus is on the pound, the euro gets carried away with Brexit talk and the yen is a safe haven currency. Here is the potential impact according to Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: We expect both GBP/USD and GBP/JPY to be the major … “EUR/USD, USD/JPY: Targets On Brexit – BofA Merrill”
USD/CAD: Trading the US Crude Oil Invetories
US Crude Oil Inventories measures the change in the number of crude barrels held in inventory. The report is published each week. A reading which is higher than the market forecast is bullish for USD/CAD. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday at 14:30 GMT. Indicator Background As Canada … “USD/CAD: Trading the US Crude Oil Invetories”
EUR/USD: Parity on Brexit; Still 1.10-1.15 on Bremain –
The pound is not alone in its reactions to the British EU Referendum. After all, it’s the EU and the euro-zone at stake here. The team at NAB have clear opinions on the potential outcomes: Here is their view, courtesy of eFXnews: EUR to quickly follow GBP lower on Brexit: While market focus has been … “EUR/USD: Parity on Brexit; Still 1.10-1.15 on Bremain –”
British Referendum on EU membership: What is Ultimately at
British voters face a historic and critical choice about the future of the United Kingdom and the European Union on Thursday June 23. Great Britain will organize a referendum where its citizens have the ability to answer whether the United Kingdom should remain a member of the European Union or whether the U.K. should leave … “British Referendum on EU membership: What is Ultimately at”