Hello there, forex friends! If you haven’t been paying attention to Brexit-related events lately, then here are some of the more important things that you need to know about...
GBP/USD is trading back at the 1.35 handle, around 400 pips off the lows seen on Monday. The reaction to Brexit was brutal but the correction is quite spectacular as well. What’s next for the pound? Will it continue higher or is the recovery over...
Brexit has hit the pound hard but the euro is doing quite well. Here is their view, courtesy of eFXnews: Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground...
Let’s step back from all this Brexit hubbub and constant focus on the pound, shall we? Having said that, the Reserve Bank of New Zealand (RBNZ) released its annual Statement of Intent (SOI) earlier. Great, but what is it and what does it have to do with the forex market, you ask...
Phew! It looks like forex brokers can breathe easy now that the EU referendum has come and gone. The Brexit decision did wreak some havoc across the charts but industry players are looking unshaken so far...
Following the big Brexit, EUR/USD fell but at a much lower scale in comparison to the pound. What’s going on? The team at Morgan Stanley explains: Here is their view, courtesy of eFXnews: Looking for bearish ‘quasi GBP’ trades makes sense, but focusing on EUR is wrong...
The big Brexit decision certainly has ramifications on markets even on lands far far away. Will we see rate cuts in Australia and New Zealand...
Forex trading is never a one way street. What comes down must come up, at least temporarily. And that is the big question for the pound. The third trading day following the Brexit night sees a positive trend for the pound after huge falls beforehand. GBP/USD is 200 pips off the low of 1...
ECB President Mario Draghi is speaking in the ECB conference in Sintra, Portugal. Also BOE Governor Mark Carney and Fed Chair Janet Yellen were scheduled to speak but their appearances have been cancelled. The reason is obvious: Brexit...
EUR/USD is trading higher within the recent range of 1.0960 to 1.1070, off the post-Brexit low of 1.0905 but certainly below previous levels. This seems like necessary correction that goes hand in hand with a bounce in the value of the pound...
Following Brexit, the pound suffered quite a bit. However, today we are seeing some stabilization. Can it recover...
Article 50 of the European Treaty triggers fear among British policymakers. It seems that nobody wants to touch it with a barge pole. Will the Bregret turn into a Bremain instead of Brexit...
It was quite a surprise when the US Federal Open Market Committee released its statement following the 15 June monetary policy meeting: “…Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed… …Although the...
The British decision to leave the EU continues sending shock-waves through financial markets with wide ranging implications. In currency markets, the biggest victim is obviously the pound, with the euro following suit...
Soothing words for markets from Osborne? That helped for a very short time and resumes its falls and is basically on its own. While there is a general “risk off” atmosphere which also weighs on the euro and commodity currencies, the fall in the value of GBP is at a higher order of magnitude...
If you’re into automatic Forex trading via Expert Advisors (EAs), that’s great! There are some advantages to building EAs to trade, like eliminating human error and being able to run years of backtesting in a couple of hours. EAs have their limitations though...
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...
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Traders tend to focus a lot of their time and energy on their trade entries. In fact, if you browse through online communities and forums, you’ll notice that majority of trade discussions revolve around entries...
Welcome to another NFP week, fellas! Have you started looking for trade opportunities this week? If you haven’t, then let’s get your feet wet with these four catalysts that could cause volatility for the Aussie pairs! 1...
