Sailing into the unknown: FX markets were surprised by the Brexit vote. The implications of the referendum result are hard to nail down, but we expect them to be negative in most scenarios...
EURJPY: The pair remains biased to the upside on correction though retaining its broader medium term downtrend. Support comes in at the 113.00 level where a break will aim at the 112.50 level. A turn below here will target the 112.00 level with a breach turning focus to the 111.50 level...
Can you believe it’s only been four days since Britain has officially voted OUT of the EU? Over the past couple of days the U.K. has lost its Prime Minister, companies have lost millions (if not billions) in financial market losses, S&P and Fitch have downgraded the U.K...
USDCHF: With continued upside pressure seen, more strength is envisaged. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level...
Investment bank JPMorgan have updated their latest foreign exchange forecasts in reaction to the Brexit event. Naturally, the biggest focus of the forecast changes would be felt by the sterling complex owing to the risk scenario that Brexit implies over coming months. Q3 targets are 1...
Analysts from TDS think that after the UK referendum results, the Bank of England (BoE) will cut the interest rate to zero. “We expect the UK to enter a brief and shallow recession as heightened uncertainty from the Leave referendum win weighs on both household and firm demand...
EURUSD Daily Analysis EURUSD (1.105): EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict...
The New Zealand dollar enjoyed good data coming out of the country but but reversed course on the risk-off sentiment related to Britain’s EU Referendum. The upcoming week features 3 local events and the big Brexit decision...
Details of the final Q1 2016 US GDP data report 28 June 2016 2nd est 0.8% Advance 0.5% Q4 2015 1.4% Personal consumption 1.5% vs 2.0% exp. Prior 1.9%. Q4 2015 2.4...
USD/JPY nears Monday's high of 102.48 The pair is just a couple pips below Monday's high as stock markets open. It's bounce day but will it be of the dead cat variety? The strength of the bounce is often a good indicator of the strength of the trend...
EUR/USD: We are bearish and look for resistance in the 1.1130 area to cap a move lower towards initial targets near Friday’s 1.0910 lows and then towards a swing target near 1.0840. Beyond there we are looking towards the 1.0710 area. Copy signals, Trade and Earn $ on Forex4you - https://www...
In Q4 2016, the new prime minister triggers Article 50 of the EU Treaty by notifying the EU that the UK intends to leave. That opens a two-year window for negotiating a withdrawal agreement...
Below is GBPUSD H4 chart. Chikou span is having a continual upward directions. Candlestick is over Tenkan sen. Resistence level is located at 1.34834. And there is support at 1.32965...
There’s a pattern for Monday mornings to extend moves of the previous week before Tuesday sees everyone take stock. I know a technical analyst who removes Friday afternoon and Monday morning data from his charts to compensate. That’s the context in which we should look at market moves overnight...
Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground. At the same time, USD and JPY - arguably the biggest winners of the Brexit selloff - have pared some recent gains. We believe that the FX markets are pausing rather than turning...
