EUR/GBP News & Updates
Make or Break for the Euro
The Euro closed higher last week against the major currencies ahead of one of the biggest political events of the year and the question is what now for the European currency? Never has there been such controversy surrounding a French presidential election and with an array of candidates with such different policies, there may be some … Continue reading Make or Break for the Euro
Can Traders Expect a Stronger GBP as Theresa May Calls for Snap Elections?
The British pound seems to have entered a rapid recovery phase in the forex markets as it starts to creep up in value against rival currencies. The main factor behind the uptrend in the GBP this week is breaking news indicating that Theresa May is planning to conduct snap UK general election on June 8. … Continue reading Can Traders Expect a Stronger GBP as Theresa May Calls for Snap Elections?
Market Snapshot – Theresa May Calls Snap Election in UK
British PM Theresa May Calls for General Election on June 8 UK Prime Minister has called for a general election on June 8, obviously looking for a strong mandate from the public as she heads into negotiations with the EU. May, believes she has a strong advantage, and will easily win given her place in the … Continue reading Market Snapshot – Theresa May Calls Snap Election in UK
Pound to jump significantly after article 50
The British pound has fallen for the first time in 3 days today after a round of local data missed expectations, but some predict that this is just a temporary bump in the road and the currency is still drastically undervalued. The British currency was trading at $1,2448 against its US counterpart, down from $1,2587 … Continue reading Pound to jump significantly after article 50
Market Snapshot – Brexit Begins As Britain Delivers Article 50 Letter
Global Stocks Mixed as Brexit Begins European stock markets are down from earlier highs and markets are struggling, with the DAX still holding on to a gain, while the FTSE 100 is now slightly in the red. Markets initially moved higher, following on from a largely positive session in Asia, where the ASX managed to … Continue reading Market Snapshot – Brexit Begins As Britain Delivers Article 50 Letter
Article 50: What Happens Next?
The British government confirmed that they would officially trigger Article 50 during this week, and commence negotiations for Britain’s exit from the EU, on March 29th. The process will begin when the UK government tenders its notice to leave the EU, which will then be passed to the diplomats from the other 27 countries who … Continue reading Article 50: What Happens Next?
Market Snapshot – Global Stocks Slide, Dollar Tumbles on Trump Trade Doubts
Global Stocks Weaker as Trump Trade Collapses European stock markets are down amid a global sell off in stocks as Trump’s failure to push through his healthcare reform bill has sparked doubts over his ability to pass his growth boosting plans going ahead. In Asia, it was Japan that led the way down for stocks, as … Continue reading Market Snapshot – Global Stocks Slide, Dollar Tumbles on Trump Trade Doubts
Market Snapshot – Focus Shifts to Dutch Elections
All Eyes on Dutch Elections and the Tension with Turkey Things have certainly heated up in Holland ahead of the Wednesday’s election, with the Dutch barring Turkish ministers from being permitted to address Turkish expats in the Netherlands, the Dutch government banning a planned rally, while also refusing the landing of a plane carrying the Turkish … Continue reading Market Snapshot – Focus Shifts to Dutch Elections
Pound Headed Near Parity with US dollar
The pound has continued to fall last week, resuming a trend that started over a week ago as Brexit fears amongst other things begin to rattle investors. The British currency has now lost over 2.5 percent against its US counterpart in the past 5 trading sessions bringing it to a seven week low with analysts … Continue reading Pound Headed Near Parity with US dollar
Pound Gets Pounded as Rumors Abound
Since today morning, the pound seems to be under a lot of stress as it gets hit from all sides and in fact, looks very weak and vulnerable to get hit even more as the hours and days tick by. The reason for the woes of the pound are the rumors surrounding the referendum in … Continue reading Pound Gets Pounded as Rumors Abound
Analysts are Deeply Divided over The British Pound
The British pound is trading slightly higher today as analysts are divided on the direction of the British currency as we approach the triggering of article 50, the time when Britain begins proceedings to leave the European Union. British Prime Minister Theresa May has promised the citizens of the UK that article 50 will be invoked no … Continue reading Analysts are Deeply Divided over The British Pound
Grexit is The New Brexit
On February 7th the IMF board held a consulting meeting concerning the evaluation of the extended fund facility given to Greece from 2012. Disappointing outcomes caused temproray turmoil in the Euro and other derivatives. How to draw the lessons from the IMF announcements about Greece, and trade in efficiency during the similar times – this … Continue reading Grexit is The New Brexit
Brexit Noise and The Pound Slump
Asian markets were certainly not impressed this morning with the noise from the UK over the weekend. The British Prime Minister was interviewed over the weekend by Sky News and the comments were suggestive of a likely shift away from a soft-Brexit, which has, together with solid economic data out of the UK, continued to … Continue reading Brexit Noise and The Pound Slump
Markets Volatility Ahead in December – How Can You Make Profits?
As we are approaching the last month of 2016, financial markets reach a boiling point. Yes, Donald Trump’s economic policies hopes, so called Trumponomics and concerns over the new eccentric US president-elected eases but as we see 2017 in front, December has a lot of surprises. 1. Federal Reserve December Meeting – On the 13-14 of … Continue reading Markets Volatility Ahead in December – How Can You Make Profits?
Referendum on December 4th Could Decide The Fate of The Euro
The Euro is poised to face a big test this week as Italians go to the polls to vote on constitutional reform which threatens to shake the entire Eurozone and place serious pressure on the European currency. The bill, introduced by Italian Prime Minister Matteo Renzi proposes constitutional reforms to give more powers to the … Continue reading Referendum on December 4th Could Decide The Fate of The Euro
BoE to Spark Volatility in the Sterling Dollar
The Forex universe has already withstood three interest rate decisions from the Reserve Bank of Australia, Bank of Japan and the Federal Reserve this week. They left the market unfazed. Now Forex traders are gearing up for today’s Bank of England (BoE) monetary policy decision. While the other central banks, mentioned above, were looking to … Continue reading BoE to Spark Volatility in the Sterling Dollar
U.S. Dollar Shines Against a Basket of Currencies
The U.S. Dollar was the star of the Forex markets once again last week and for various reasons. Firm U.S. Treasury yields continued to underpin the market, but unlike the previous week, they didn’t really contribute much to the dollar’s strength. That was pretty much supplied by weak currencies such as the Canadian Dollar, the … Continue reading U.S. Dollar Shines Against a Basket of Currencies
British Pound at Weakest Level in History
The British Pound drop continues against its major Forex trading partners despite reports that British Prime Minister Theresa May has accepted that parliament will vote on her plan to leave the European Union. In other words enact Article 50 to begin final divorce proceedings by March 2017. More than half of the British ministers are seen … Continue reading British Pound at Weakest Level in History
Continued Brexit Fears to Push The British Pound Lower
The looming Brexit, especially when the United Kingdom enacts Article 50, is a known risk to Forex traders. However, we do not yet know the affect it will totally have on the British economy, financial system and its assets until it is all finished. Even after the massive selloff of the British Pound after the … Continue reading Continued Brexit Fears to Push The British Pound Lower
Range or Break for the Almighty Buck
This week has begun with some semblance of a fire brewing over two different themes in the Forex and financial markets. What is the US Dollar’s bearing post FOMC? Is the yen finding its way after the BOJ stimulus twist? While both are experiencing some volatility, most of their trading partners in the Forex world … Continue reading Range or Break for the Almighty Buck