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Month End Demand Trumps Brexit Woes

Five things the markets are talking about Both month-end and quarter-end portfolio rebalancing demands are expected to temporarily gloss over some of the ills that last week’s shock Brexit vote would bring to capital markets. Global equities have caught a bid into month end, sovereign yields have backed upped a tad, commodity prices are making […]

Brexit Relief Rally Continues Despite Tough Talk

Five things the markets are talking about The Brexit “bad” seems to be temporarily put on hold as market participants question whether a new financial crisis is about to take a firm global grip. Former Fed chair Ben Bernanke seems to think that is quite “unlikely at this point,” but believes that the biggest current […]

Cameron Heads to The Last Supper

U.K. Prime Minister David Cameron is set to face his fellow European Union leaders for the first time since triggering a political earthquake that’s shaken the bloc’s foundations. Back in London, the race to succeed him is heating up. Cameron will endure an awkward dinner with his EU cohorts Tuesday after his effort to calm […]

Brexit Buries Sterling to New Low

Five things the markets are talking about The U.K vote to leave the EU will obviously dominate the summits of European heads of government and global central bankers this week. Beginning today, central bankers gather for at a three-day meet in Portugal. What many may have considered a boring topic “The Future of the International […]

UK Chooses Sovereignty in Shock Referendum Result

It’s been a truly historic night for the U.K as it appears that the people have voted to leave the E.U. after a number of news channels confirmed that a win for remain is all but impossible. This comes after financial markets were convinced that the result would be a comfortable win for the remain […]

APAC Currency Corner – Another financial meltdown on the cards?

Post-Brexit vote, the debate has centred on whether it will be the catalyst for another Lehman Brothers-style meltdown. While there’s a lot of dust still to settle, central bankers are ready and willing to use whatever tools necessary to calm investor’s nerves and avoid a global meltdown. While markets were extremely volatile on Friday, trading was […]

UK Voters Take Country Back- Now what?

It’s not official, but statistically called by all major pundits, U.K has voted to change the course of their own country and leave the European Union (52% Leave, 48% Remain). Their decision has sent the pound into free-fall (£1.3400), back to its 1985 levels outright and is battering global equity markets (Asia is down-3%). Investors […]

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 […]

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 […]

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 […]

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 […]

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 […]

Fed Skips June, Six See One Rate Hike In 2016

Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing. While the median forecast of 17 policy makers remained at two quarter-point hikes this year, the number […]

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