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

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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 direction. If the price breaks upward, the target will be set at the price of 1.5125. If the price breaks lower, the target will be set at the price of 1.4960. I give more chances for higher price since price is out of balance according to yesterday’s profile. read more

EUR/NZD analysis for November 21, 2016

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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 potential downward targets. I found Fibonacci expansion 100% at the price of 1.4985 and Fibonacci expansion 161.8% at the price of 1.4850. read more

Gold analysis for November 21, 2016

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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 of strength. Watch for potential buying opportunities. I placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 100% at the price of $1,218.90 and Fibonacci expansion 161.8% at the price of $1,226.80. read more

Global macro overview for 21/11/2016

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 and this is why the big business should work with the government in order to ensure the benefits of capitalism are shared more equally. Moreover, she pledged to cut the UK corporation tax to the levels lower than US and the aim is the UK to have the lowest corporate tax rate among G20 nations. And last, but not least, she promised £2bn of investment in science and research and tax breaks for innovators after Brexit. In conclusion, some bold statements from the UK PM can not be neglected. Ambitious promises, plans and a fresh approach towards a new way of thinking for government-business relationships can make the real difference in a post-Brexit UK. read more

Technical analysis of USD/CAD for November 21, 2016

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 (green ) is in progress. The projected target zone for the wave c (green) is the demand zone between the levels of 1.3290 – 1.3312. read more