Category Archives: Forex News

Divided UK Gets ready for Brexit

The UK will start settlements to leave the European Union almost 7 months after voting to leave the bloc in a remarkable referendum. No nation has actually ever voted to stop the EU, numerous financiers …

The post Divided UK Gets ready for Brexit appeared initially on Forex.Info.

The judgment stated the British federal government needs to initially get parliamentary approval prior to starting the official Brexit procedure. When it comes to Brexit, numerous remaining concerns stay. Will the UK maintain tariff-free access to the Single Market, and how will Brexit effect monetary organizations’ passporting rights? British equities have actually fared enormously well in the wake of the Brexit vote, as the Bank of England (BOE) has actually taken preventive actions to hold up against the financial blowback. Pound sterling might have yet to discover its bottom, as financiers prepare for unstable Brexit settlements in the near future.

How Brexit May Not Really Take place

Britain’s choice to leave the European Union on June 23 surprised the international monetary markets, set off prevalent worries about the future of pan-European combination. Advancements because that eventful night have actually led lots of observers to conclude that Brexit …

The post How Brexit Might Could Actually Really appeared initially on Forex.Info.

One month later on, Britain’s High Court tossed a wrench in May’s strategy by ruling that Brexit can not in fact occur without parliamentary assent. At the really least, the High Court judgment recommends Brexit might be postponed numerous years as MPs weigh the pros and cons of leaving the single market. There are a number of other factors why Brexit may not really take place. If the Brexit concern goes to Parliament, we might be looking at lots of more years prior to the divorce really occurs. (6) The BOE has actually suggested its desire to reduce financial policy even more ought to Brexit headwinds show more powerful than formerly pictured.

EUR/NZD analysis for November 22, 2016

Share This: Recently, EUR/NZD has been moving sideways at the price of 1.5020. Using the market profile in the 30M time frame, I found yesterday’s point of control at the price of 1.5125. Besides, I found a trading range between the price of 1.4997 (support) and the price of 1.5056. Watch for a breakout to confirm a further… Read More »

Technical analysis of GBP/JPY for November 22, 2016

Share This: GBP/JPY found the support at 124.80 and started to rise. The pair managed to break above the descending channel and currently is trading above both 50 and 200 Moving Averages. This means that GBP/JPY is either going to continue correcting up or could change the direction of the trend from down to up. At the same… Read More »

EUR/NZD analysis for November 21, 2016

Share This: Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5018 in an average volume. Using the market profile in the 30M time frame, I found that price went to imbalance out of strong point of control zone in the background. Watch for selling opportunities on the pullbacks. I placed Fibonacci expansion to find… Read More »

Gold analysis for November 21, 2016

Share This: Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,217.36 in an average volume. Using the market profile analysis, I found potential intraday bottoming near the price of $1,212.00 on the 15M time frame. I found a higher value area compared to Friday, which is a sign… Read More »

Global macro overview for 21/11/2016

Share This: Global macro overview for 21/11/2016: UK Prime Minister Theresa May said in a speech at the Confederation of British Industry’s annual conference in London that after Brexit the UK needs to be prepared to adapt and change. She stated that the underlining driving force for the Brexit vote was the people’s call for a fairer economy… Read More »

Technical analysis of USD/CAD for November 21, 2016

Share This: General overview for 21/11/2016: The top for the wave b (green) has been established at the level of 1.3566 and now the market is declining towards the intraday support at the level of 1.3398. This is why the intraday support is the key level for daytraders as any breakout below it will confirm the wave c… Read More »