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One idea has sustained 'remain' optimism From the announcement of the Brexit referendum, I've been saying the same thing: Buy the Brexit dip because voters almost always get election day jitters and vote for the status quo. That's been a great trade Thursday...
'Remain' odds are falling at the bookies, cable not following There's a high correlation between cable and the odds of a 'remain' vote over the past week. However the odds have fallen in the past few hours and GBP/USD hasn't reacted...
More jitters beginning to circulate Two polls released today have shown the 'leave' side in front (Opinium and TNS). They show varying degrees of momentum...
We are one day away from the EU Referendum. It is hard to exaggerate in the importance of the event, but perhaps for the euro, it will not be that bad. Here is the view from Deutsche Bank: Here is their view, courtesy of eFXnews: 1. Brexit will likely rule out a July Fed rate hike...
EUR/USD is caught in the crossfire between central bankers from both sides of the Atlantic but also on the upcoming EU Referendum in the UK. The week began with a big leap – the better polls for Bremain pushed the pair higher with a weekend gap but the picture has been mixed since then...
While most of the Brexit focus is on the pound, the euro gets carried away with Brexit talk and the yen is a safe haven currency...
With the referendum vote over the UK’s future membership of the EU being held on Thursday, traders are preparing for the possibility that the UK electorate will vote to leave the EU...
GBPUSD GBPUSD is trading higher in front of the Brexit vote. This move up is close to completing a five wave structure from blue wave B lows. For now we still expect a minor pullback in red wave 4) and a push up in red wave 5 to around 1.4840 area...
Results of the latest poll from TNS Omnibus The news poll shows 16% undecided or say they won't vote. The poll asked 2320 adults and was conducted June 16-22. The prior TSN poll was June 13 and showed leave at 47% to 40% for remain. Before that was 43-41% for leave on May 23...
Credit Agricole on potential moves in USD and GBP The greenback's short-term outlook will be driven by global risk sentiment rather than monetary policy expectations. This is especially true as the USD was in demand for most of the last few weeks on the back of rising safe haven demand...
Below is usdjpy H1 chart. Ichimoku kinko hyo, heiken ashi and fibonacci retracement are showed in chart. Chikou span is touching historical candle. And now candle is moving over senkou span A. Next resistance level is located at fibonacci 38.2% retracement...
USDCAD Daily Chart - June 22, 2016 In the above daily chart, we expect USDCAD to test 1.33 - 1.35 price area in order to complete the intermediate corrective red (B) wave. Immediately after the end of red wave (A), USDCAD rallied from 1.25 to 1.32 with 3 inner waves, completing blue wave (a...
Later in today’s New York session we will see the release of Canadian Retail Sales data for the month of April, as well as comments from Fed Chair Yellen who will be testifying before the House Financial Services Committee, and the weekly release of Crude Oil Inventories...
EU's head of Greek mission Costello speaking in Athens 22 June 2016 IMF mission chief Velculescu also on the rostrum: Greek fiscal targets too ambitious NPL reforms not ambitious enough Greece needs substantial debt relief...
Switzerland ZEW survey expectations now published 22 June 2016 current conditions 6.2 vs 0.0 prev The Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations Index rates the relative six-month economic outlook for Switzerland...
Russian president speaking in lower house of parliament 22 June 2016 Russia must boost its combat readiness at a time when NATO is expanding and moving its infrastructure towards Russia's borders "NATO is strengthening its aggressive rhetoric and its aggressive actions near our borders...
With the Brexit referendum result looming which currencies may move the most against the pound? 22 June 2016. There's been lots of justifiable/considered talk recently, as well as hype, about the impact of the result impacting on the pound in serious fashion...
The UK Post Office is reporting a surge to sell the pound 22 June post office branch and online currency sales up 49% yy on Tuesday and up 381% online +74% yy since last week-end It's cash and therefore not so significant volume-wise but it's also a sentiment indicator toward Leave, or at least e...
Fedspeak, existing home sales and Eurozone consumer confidence on the schedule Canadian consumers have shrugged of the commodity bust so far and that's expected to be the case once again in April with retail sales expected to rise 0.8% (+0.7% ex-autos...
April 2016 Canadian retail sales report 22 June 2016 Prior -1.0%. Revised to -0.8% Ex-autos 1.3% vs 0.6% exp m/m. Prior -0.3%. Revised to -0.1% Sales excluding autos helps the CAD gain from 1.2775 to 1.2744. Higher gasoline prices did most of the lifting. Headline sales were up 4...
