Sell, Sell short, Buy Gold, take it and go . . So-called Brexit concerns already have significantly impact on the financial markets, but more could be in store if the fears become reality and the U.K. votes to exit the European Union. One of the biggest beneficiaries of disquiet that Briton’s could … More Brexit is near.., Should they stay, or should they go ..
While the International Monetary Fund has warned that Britain quitting the European Union would be a risk to global financial stability, one of the asset classes most vulnerable to the shock isn’t hearing the alarms, according to Allianz Global Investor’s sterling fund manager.Peripheral euro-area government bonds are under pricing the risks of a … More CPI m/m Fundamental’s UK. .
Prime Minister David Cameron attacked the U.K. Independence Party for seeking to use Tuesday’s terrorist attacks in Brussels to make the case for Britain to leave the European Union. UKIP’s defense spokesman, Mike Hookem, issued a statement saying the “horrific act of terrorism” showed that EU free-movement rules and “lax border controls” are “a … More Voting for Exit..?! – Next step “Brexit”.
The dollar edged higher against the euro Friday after U.S. core consumer prices recorded the largest monthly gain since August 2011.U.S. core prices, a measure of inflation that excludes food and energy, jumped 0.3%, driven by rising medical care and housing costs. EUR/USD ; DAILY CHART The shared currency has steadily declined … More Dollar strength vs Euro inflation signs . .
Outlook – Bearish Current rate – 1.50639 The BoE’s Financial Policy Committee (FPC) meeting record released today emphasized emerging markets risks to the UK’s economy. The responsibility of the committee is mainly to identify systemic risks in order to protect the UK’s economy. The Committee met on November 25 to form its outlook for financial … More GBP/USD ; H1
Current rate – 1.50662 The dollar strengthened against the euro and the yen on Friday after a robust U.S. jobs report for November bolstered expectations that the Federal Reserve will hike interest rates later this month. The greenback also gained ground against the pound and the Swiss franc, with GBP/USDsliding 0.21% to 1.5112 … More GBP/USD ; MOVEMENT
CURRENT RATE – 1.51250 Current high point is located with the September low point. The downtrend channel gives a chance for a little more wide stop and retest at half of the downtrend when it’s start, which we can see a support there. Meanwhile pay attention to the NFP repport for further verification … More GBP/USD ;H4
GBP/USD – current rate 1.5113 S1 1.5087 R1 1.5187 Trend – Down Prev Close: 1.5123 The biggest drag on the FTSE 100 remains commodities and yesterday the Bloomberg commodity index reached new lows. This trend is expected to continue as whilst supply for most commodities is exceeding demand, … More GBP/USD H1 ; Cable
On the 4-hour chart below, we can see near-term support off of the 186-region. Traders can look to place stops below the 38.2% Fibonacci retracement of this most recent move around 185.50, with top-side targets at 186.38 (the 61.8% retracement of that same move), 186.87 (the 76.4% retracement), and then 187.50 (major psychological level, … More GBP/JPY Technical Analysis: From One Trend to Another
Technical Outlooks For USD/JPY – SEB technical forecast for USD/JPY for telling the following: ‘below 122.65/45 would target 121.60’. It means that SEB is predicting the price to be bounced from Fibo resistance level at 123.63 with 23.6% Fibo target at 121.86. Anyway, there are the following scenarios for the price movement concerning the key … More USD/JPY TECHNICAL 4H