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...
Risky assets are trading firmer across the board leading to some stabilisation in GBPUSD and EURUSD. However, we remain of the view that both pairs are likely to trade lower in the near-term to 1.30 and 1.09 respectively. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USDJPY: The pair halted its weakness on Monday leaving risk higher in the days head. On the downside, support comes in at the 103.50 level where a break if seen will aim at the 103.00 level. A cut through here will turn focus to the 102.50 level and possibly lower towards he 102.00 level...
Dear Traders, While the British pound extended its record selloff in the aftermath of last week's vote, the euro traded sideways Monday, straining the nerves of breakout-traders as price movements were limited to either side. The euro gained some ground above the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 28th GBP/USD is in a bullish mood today. The pair has recovered some part of its losses and stepped over the level of 1...
We had expected RBA to stay on hold for the remainder of 2016, with real GDP growth likely to remain strong and labour market conditions improving, albeit at a more moderate pace. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
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...
