The BOE has been holding up its intention to raise interest rates. Uncertainty about Brexit and global headwinds may push the pound back to neutral. GBP/USD is vulnerable ahead of the decision. The world’s most prominent central banks have turned dovish – and it may the Bank of England’s turn now. The BOE has been forecasting rate … “BOE may join the gang and go dovish, weighing on the pound”
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3 scenarios for the critical EU Brexit Summit
EU Leaders convene in a special summit to decide on Brexit. There are three very different options on the table. European Council President Donald Tusk called an extraordinary leaders summit with only one topic on the agenda: Brexit. The ministers will convene on Wednesday, April 10th, from 16:00 GMT. They will meet two days before the … “3 scenarios for the critical EU Brexit Summit”
EUR/USD: Need To Close Above 1.1345 To Reinforce Support – TD
EUR/USD hit new two-month lows as the situation in Europe worsens. What’s next? Here is their view, courtesy of eFXdata: TD Research discusses EUR/USD outlook and highlights the importance of closing above the 1.1345 level to regain some support in the near-term. “The majors sit mostly in a holding pattern, as the recent sessions showed … “EUR/USD: Need To Close Above 1.1345 To Reinforce Support – TD”
Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices
The Canadian dollar ended the week lower, joining other commodity currencies in decline. The main theme of the week was risk aversion on the Forex markets, which made safer currencies the strongest, while hurting riskier currencies related to raw materials and growth. The week started on a seemingly positive note on reports about a truce in the trade war between the United States and China. But the market sentiment quickly went south and deteriorated further in the second half … “Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices”
Brexit can be kicked down the road in a classic EU fudge
Brexit negotiations remain stuck, four months ahead of Brexit Day. Postponing the decision is becoming a viable option. The Pound could rise in case a hard Brexit is averted. The European Union and the United Kingdom have made significant progress on a wide range of issues in the Brexit negotiations. However, the question of keeping … “Brexit can be kicked down the road in a classic EU fudge”
Cryptos are suffering this summer, September could be better
Cryptocurrencies have been hit hard by yet another delay of a decision on a Bitcoin ETF. A delay does not mean a rejection, and there are now two more critical dates to watch. An upwards move could start ahead of these dates. Ethereum was struggling with $400, and now the ETH/USD is around $350. Ripple, … “Cryptos are suffering this summer, September could be better”
Leverate China GM Andy Zhang moving on to pursue personal interests
After 3.5 years in the company, Andy Zhang, General Manager of Leverate’s China branch in Shanghai, is leaving his position to pursue a new path in his life. Mr. Zhang was the first Leverate employee in China recruited by Itai Damti, one of Leverate’s founders. Andy had a key role in establishing Leverate’s foothold in … “Leverate China GM Andy Zhang moving on to pursue personal interests”
Orbex and Nour Al-Hammoury Announce a New Educational Partnership
Cyprus based Forex broker Orbex and renowned expert Nour Al-Hammoury announce a new partnership. All the details are in the press release below Limassol, October 17, 2016 – Orbex, an innovative leader in online forex trading, alongside with a world-renowned market strategist and analyst, Nour Eldeen Al-Hammoury, has recently announced a launch of the new educational partnership, meant … “Orbex and Nour Al-Hammoury Announce a New Educational Partnership”
USD/CAD crashes after excellent Canadian jobs report
Canada gained no less than 67.2K jobs in September. This leap is easily far far better than expectations. Only 23K jobs are full time but nevertheless, this is the biggest jump since 2012. The unemployment rate remains unchanged at 7% but the participation rate jumps from 65.5% to 65.7%, and that’s good news. USD/CAD falls some … “USD/CAD crashes after excellent Canadian jobs report”
Top Broker Spread Awards released by TradeProofer
TradeProofer, which follows the execution of brokers, has released its spread awards. All the details are here in the press release: TradeProofer.com, a forex traders’ community to monitor brokers’ execution quality has published its Top Broker Spread Awards for 2015 here. The list covers 80+ brokers and 40+ fx crosses. Brokers’ spreads were adjusted by … “Top Broker Spread Awards released by TradeProofer”