Dear Traders, The British pound is exposed to extremely volatile trading conditions in the run-up to the U.K. referendum. Separate polls are showing leads for both sides, creating uncertainty among speculators...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 21st GBP/USD has broken through key resistance level of 1.47 this morning and now is testing three-week highs over this level...
Polls and the eventual counting of votes will determine direction in GBP heading into June 23. A ‘remain’ outcome will see pound rally to around 1.50 against the dollar, while a ‘leave’ vote will see pound fall to around 1.30 against the dollar, and also see strength in yen...
GOLD: The commodity continues to retain its upside pressure leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
EUR/USD: We are bullish. Friday’s up-day endorses the prior base candle and signals higher in range towards initial targets near 1.1420. A move above would point higher towards the 1.1505 area. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
GBPUSD remains the main focus GBPUSD The GBPUSD could not move below the 100 bar MA on the 5-minute chart and extended up to the 200 day MA at 1.4690. The prior resistance was 1.4666. Since breaking the price remains above that level...
What polls are due up on the Brexit referendum Poll schedules are a bit sketchy but there is talk that two polls may be released today. An online poll from YouGov may be released at an unknown time (after the London close) and a phone poll from ORB is also due and is rumored at 2100 GMT (5 pm ET...
Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance...
Dollar’s Up Move Not Confirmed by Stocks Some people think they know what the relationship is between the US Dollar Index and stock prices. But as I noted in a Chart In Focus article over a year ago, the correlation between stocks and the dollar regularly flips from positive to inverse...
Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance...
That was quick The GBPUSD is testing the topside target outlined as an extreme level. That area comes in at 1.4633-1.4666. The level corresponds with swing highs (see green circles in the chart below) - the most recent earlier this month (see daily chart...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 20th GBP/USD jumped for more than 100 pips this morning...
The main event this week will be the long awaited UK’s EU referendum. Considered by many to not only be the single biggest trading event this year but potentially the biggest planned risk event ever, Thursday is set to be a historic day and the referendum a once in a lifetime trading opportunity...
USD: Back to Bullish. Bullish. We expect volatility to increase this week, keeping the USD bid as investors demand for safe haven assets...
Positive tones for equities as Brexit fears subside 20 June 2016 DAX futures +3.2% CAC40 +3.2% FTSE +2.8...
