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Top trade idea for June 24th, 2016 – EUR/GBP

After the UK’s surprise vote in a referendum to leave the European Union, the fall out is significant. GBP fell 15 big figures (FIFTEEN!) against the USD in 5 hours, share markets were smashed and gold rallied $100 an ounce. And they’re just the first blush reactions. Surprisingly, the EUR has held up quite well. […]

Sterling Hits 2016 Highs on Brexit Referendum Day

The day of the Brexit referendum has finally arrived and investors are understandably cautious ahead of what could be a turbulent end to the week. European equity markets are expected to open a little lower this morning following a subdued session in Asia overnight and some selling in the afternoon in the US on Wednesday, […]

APAC Currency Corner – It’s a crap shoot

The votes are in and the counting is well and truly under way in the UK’s referendum on EU membership. Early results are reflecting blue-collar (leave) sentiment while white collar voters are due later. Markets are like a coiled spring waiting eagerly for the first sniff of an outcome. The market’s overall lean continues to price […]

In or Out, D-Day for Sterling

Five things the markets are talking about The long wait is over. Voting stations are open and U.K citizens go to the polls to decide whether they want to be apart of the E.U or go it alone. In the meantime, investors should expect rumors and whispers to have capital markets on the edge right […]

Top trade idea for June 23rd, 2016 – EURJPY

In light of the EU referendum that is taking place today in the UK and considering the volatility that is about to come, the logic is to trade a cross as to avoid any US dollar pair as the dollar is perceived as a safe heaven in situations when uncertainty reigns over markets. That being […]

USD/CAD Loonie Lower as Oil Falls Ahead of Brexit Vote

The Canadian dollar traded lower on Wednesday as voters in the UK prepared for the UK EU referendum and oil prices dropped after inventories in the U.S. did not fall as much as expected. The CAD had recovered some ground after the tide of Brexit seemed to swing to favour the Remain side and risk […]

Brexit Polls and Markets Disagree

Britain entered the final day of campaigning before its referendum on European Union membership with opinion polls and financial markets at odds about the outcome. Investors are piling money into bets on a victory for the “Remain” campaign, led by Prime Minister David Cameron, in Thursday’s plebiscite. The pound has surged to a five-month high […]

Top trade idea for June 22nd, 2016 – USD/JPY

In 15 hours or so, the voting will begin and soon we will find out whether the UK public has chosen to remain or exit the EU. As you would expect, politicians are making their final pitch for votes on the last day of campaigning as they try to win support of those still undecided. […]

APAC Currency Corner – The clock is ticking

We are less than 48 hours away from Judgement Day, and the forex markets are gravitating to some semblance of risk event midpoint. Other than kicking the can from poll to poll, there is little on offer for traders to sink their teeth into. Even Fed chairman Janet Yellen’s first day of the semi-annual Humphrey-Hawkins […]

Assorted Bremain vs. Brexit Outcomes

Five things the markets are talking about Current market sentiment remains highly correlated to Brexit speculation. Global bourses are relatively mixed in the overnight session; a day after a strong risk rally was supported by U.K weekend referendum polls. Earlier this morning, Sterling (£1.4784) rallied to a new seven-month high, on the perception of diminishing […]

The Day After The U.K. Votes To Leave

Here’s what the world could look like on June 24 if the “Leave” camp won the previous day’s referendum on whether the U.K. should continue to be part of the European Union: The foreign exchange markets are in turmoil, with the pound falling 7 percent to 10 percent and the euro down about 3 percent […]

Aggressive Risk Rally After U.K Polls

Five things the markets are talking about. With Britain going to the polls Thursday (June 23) to vote on its European Union membership is just one of several significant events this week that could have a massive impact on the ECB. Elsewhere, in Spain a national election could raise further questions about the future of […]

Top trade idea for June 20th, 2016 – EUR/GBP

Trading opportunities for currency pair: a pinbar has formed on the weekly. On Monday it was activated after an opening with a downward gap. The current quote is 0.7787. The target for the pinbar is 0.7690. We need to enter the market from the bounce with a small volume so as not to risk our […]

EUR/USD – Euro Steady, US Housing Reports Next

EUR/USD is quiet on Friday, as the pair trades at 1.1250. The pair showed strong volatility in the Thursday session, although the pair closed the day almost unchanged. In economic news, it’s a quiet day as we wrap up the trading week. Eurozone Current Account jumped to EUR 36.2 billion, well above expectations. EU financial […]

Japan’s Aso Seek’s G7 Help With Yen Value

Japan’s finance chief escalated his concern about a surge in the yen, calling for coordination with his counterparts to address what he described as disorderly moves in the currency market. “We have to monitor the currency market with a sense of urgency so that speculative moves won’t continue — when needed, I’d like to take […]

APAC Currency Corner – A week of reckoning

The June 23rd UK referendum on EU membership is expected to dominate the headlines this week as markets and trading desks prepare for the day of reckoning. Expect polls to continue driving markets as volatility increases ahead of the judgement day. Volatility may remain, but the more likely scenario is that traders will start to […]

Brexit Negativity Takes A Time Out

Five things the markets are talking about Two themes have dominated proceedings in capital markets this week, first the flight to safety hitting global markets has been particularly acute in Europe, as polls suggesting growing levels of support for Brexit, ahead of the U.K’s June 23 referendum on its European Union membership. Second, central banks […]

Top trade idea for June 17th, 2016 – AUD/CAD

If the Brexit referendum and the chance of extreme volatility it entails is beyond your risk tolerance, here’s a chart that may be of interest. The relationship between the Aussie and Canadian Dollars should be fairly neutral to Brexit. Both are seen as “commodity” currencies. Oil is Canada’s main export while iron ore is Australia’s. […]

Market Anxiety Rises as Brexit Referendum Enters Final Stretch

The UK referendum on its membership of the European Union is one of, if not the, biggest risk event for the financial markets this year and with only a week to go until the vote, it is impossible to say with any degree of confidence which way it’s going to. The polls have been very […]

Feds Street Cred Questioned

Five things the markets are talking about Yesterday was not a good day for the Fed’s credibility. U.S policy members did what was expected of them, and not hike rates, but their interpretation of “clarity” going forward is considered disappointing. In her press conference, Ms. Yellen highlighted that ‘Brexit’ was a factor in the Fed’s […]