close
sdf
FEATURED_FXSymbolsGlobe
June 24th, 2016

Forex: The Week After Brexit Daily FX Market Roundup 06.24.16 Britain’s decision to leave the European Union triggered pandemonium across the financial markets. Currencies and equities were hit hard by the vote with sterling falling over 10% intraday. This was the worst day ever for the British pound and the 1.3230 low reached during the Asian trading session was the weakest level for GBP/USD in more than 3 decades. The last time we had a move this large was during the Global Financial Crisis and before that on Black Wednesday, when the U.K. government was ejected out of the European Exchange Rate Mechanism (ERM). Brexit will be worse than Black Wednesday - we see that in the price action of currencies and gilt...

June 24th, 2016 - Forex: The Week After Brexit Daily FX Market Roundup 06.24.16 Britain’s decision to leave the European Union triggered pandemonium across the financial markets. Currencies and equities were hit hard by the vote with sterling falling over 10% intraday. This was the worst day ever for the Br...

June 10th, 2016 - Why Dollar Bulls Could Lose Control Next Week Daily FX Market Roundup 06.10.16 **Headed to Asia for work, next update will be on Monday June 27 For the second day in a row, the U.S. dollar moved higher against most of the major currencies. The University of Michigan consumer sentiment index...

June 8th, 2016 - Euro hits 1.14, NZD Soars After RBNZ Daily FX Market Roundup 06.08.16 The European Central Bank kicked off its corporate bond-buying program today and investors applauded the move by driving the euro above 1.1400. While this reaction may be counterintuitive especially as Eurozone corporate bon...

December 24th, 2015 - British Pound and the Defining Issues for 2016 By Kathy Lien, Managing Director for BK Asset Management 2016 will be a defining year for the British pound – a year when politics will overshadow economics. Considering that sterling ended the year near 7 month lows against the U.S. dollar, so...

Hide me
Receive Thought Provoking Forex Commentary Directly to Your Inbox
Show me