In drawing conclusions about what Brexit means for the AUD and NZD, a fundamental question needs to be answered. Do we think of them as economies that are still operating standard policy, that have relatively good nominal growth and that are open for trade and welcome globalisation...
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. The rapid decrease in volatility was surprising but the overall undertone for EUR is still negative and we continue to target a move to the major level of 1.0820...
GBPUSD: The pair sold off the past week and followed through lower on Monday. This has left risk of more weakness on the cards. On the downside, support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level...
In the wake of the UK's Brexit vote, there have been no shortage of calls for sterling to fall to $1.2000 in coming months, if not lower. Indeed, on Monday, the beleaguered currency was still trying to scrape itself up from the floor of low levels last seen in the 1980s...
The decision of the majority of the UK voters to Leave the EU changes in a fundamental way the outlook for Sterling and has economic implications which are sizable for the European economy, but less so for places like the US that are further away...
EUR/USD: Our bearish view was encouraged by Friday’s low close. We are looking for a move back towards 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.share4you.com/en...
The big 100 remains the main level to watch but there's a big level in front of that. USD buyers almost have a case for feeling sorry for themselves after USDJPY was dragged down kicking and screaming by the crosses...
The extent of the uncertainty that now clouds the UK’s economic and political outlook is hard to exaggerate. The Government is in limbo ahead of a Conservative Party leadership contest. The opposition is in chaos...
We expect interest to continue building EUR short positions in the aftermath of the UK vote, amid anticipation that political pressure will build for reduced integration...
Will the UK fall into recession following the Brexit vote? According to a number of leading analysts the answer is yes, while another research house says the outlook is not all bad IF the Bank of England delivers a strong policy response. Copy signals, Trade and Earn $ on Forex4you - https://www...
GBP/USD dropped to 30-year lows last week, as markets crashed following the Brexit referendum in the UK. The pair lost 1100 points on the week, closing at 1.3660. Quite a few events await traders this week in addition to the Brexit fallout...
USD/CAD rose for a second straight week, gaining 150 points. The pair closed at the 1.30 line. This week’s key event is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week’s Brexit vote in the UK sent shock waves in Britain and across Europe...
USD/JPY dropped almost 300 points last week, and briefly dropped below the symbolic 100 level. The pair closed the week at 101.76. This week has 9 events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 27th GBP/USD continues losing a grip at the beginning of this week, keeping its range near level of 1.34...
EUR/USD: Bearish: Room to extend lower but 1.0820 is a major support. EUR broke several key supports last Friday and dropped to a low of 1.0905/10. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
