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UK's EU Commissioner Hill has announced he will stand down 25 June 2016 does not believe it was right for him to carry on with his work as the commissioner in charge of financial services. will stay on for a period of weeks to ensure an orderly handover...
The Brexit referendum was always going to be a game changer whatever the result 24 June 2016 Be careful what you wish for they say, as indeed did I, and I had warned in other pieces too that whatever the outcome the UK landscape would never be the same again...
USDCHF: With USDCHF closing higher on price halt the past week, further bullish offensive is expected. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level...
Cup with vanilla latte and a bearded guy behind his notebook… This picture can be seen in almost any cafe. Modern technology allows us to work from anywhere in the world. And in a cafe with free WI-FI, we also have the opportunity to order a snack, tea or coffee...
Novice Forex traders believe that fundamental analysis is something very difficult, which requires higher education in economy, outstanding intelligence and heaps of free time for analyzing statistics, ratios, etc. This is not true. Fundamental factors are not as difficult as lot of people think...
What very important to your profitable trading performance ? I think, that you have a proper area in your house to trade from, because your environment has a direct influence on your mindset, and your mindset has a huge affect on your overall trading performance...
GBPUSD As expected, GBPUSD is also trading lower since yesterday after the price completed a big corrective retracement labeled as wave IV and made a nice sharp turnaround lower from 1.5014...
Data for the week ended June 21. Like its of any relevance...
PIMCO on the Brexit vote and what it means for BoE policy in the near and medium terms: Near term: The UK economy will be pulled lower by uncertainty We expect the Bank of England to cut the official interest rate to zero If it feels the need to do more, we expect a reintroduction of quantitative...
Fallout ... geddit? (I'll get my coat) Unofficial closing levels after the biggest drop in about 10 months for US stocks (or thereabouts) S&P500 down 76.26 points (-3.6%) Dow Jones down 608.44 points (-3.38% NASDAQ down 203.39 points (-4.12%) ... biggest fall since 2011 for this one...
While the Brexit vote was a shock (we attached a 40/45% probability), we are not surprised by the initial currency market reaction. Cable still remains within our forecasted one-month range between 1.3000 and 1.5000. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
How far will the pound fall (and other currencies) SocGen sees 1.20-1.25 We continue to look for GBP/USD to trade around a 1.30-1.35 range for now (i.e. a little lower than here) and eventually, towards 1.20-1.25...
The annotated GBP/USD Brexit day chart Maybe it's a early to take lessons from Brexit trading but it's tough to track down the levels and headlines years later, so here's a quick one. At the low of the day of 1.3229 in GBP/USD it was down 11.92% from the highs of 1777 pips...
There is one immutable rule in trade, which is: "Always stick to your stop orders." Before entering each transaction, you should know your risk tolerance threshold. This is - the best way to make sure that your losses are controlled, and you do not get too emotional in their trade...
According to the World Bank Trade Data (IBRD-IDA) -World Integrated Trade Solution (WITS) , the Total World Trade during 2014 equal to 19.01 trillion USD for imports and 19.06 trillion USD for exports . The annual growth rate was 2.7% & 3.3 % for imports and exports respectively...
In this article, we will review and evaluate the traditional money management method in terms of the percent of our account we should be risking on each trade. Then, we will learn a money management formula that is capable of maximizing our trading system profits...
European stock market close 24 June 2016 The FTSE has shown a bit of gumption compared to its newly divorced partners. I don't think many would have thought about it only closing down 2.8% on the day, and it finished up on the week to boot. That's a potentially very bullish signal...
The world is running on fumes Thank goodness the vote was on a Thursday, not a Monday. I might be projecting but it feels like there isn't much gas left in the tank. That vote was emotional and the swings were epic. If you're reading this, you probably survived and I hope ForexLive was a help...
Blackrock chief strategist Watt talking to Bloomberg 24 June 2016 there would have been less market disruption if investors had bought sterling on polls favouring Remain GBP could rebound over next week but will likely weaken from here over next 6 months US stocks down 3-4% after Brexit is "odd...
Details of the June 2016 US Michigan consumer sentiment final report 24 June 2016 Flash 94.3. May 94.7 Current conditions 110.8 vs 111.4 exp. Flash 111.7. Prior 109.9 Expectations 82.4 vs 83.1 exp. Flash 83.2. Prior 84.9 1yr inflation exp 2.6% vs 2.4% flash/prior...
