Sterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…
Read moreThe following post is courtesy of Simon Smith, Chief Economist at FxPro. For more FxPro market research and insights click here. [divide] By the end of today, we should have a decent idea whether the UK is set to have a referendum on EU membership this year and also the deal on the table in terms…
Read moreOn the lighter side of FX trading, we're pleased to present an interesting analysis put out by international money transfer firm FXcompared.com with this weekend's release of the latest James Bond flick SPECTRE. James Bond has always traveled the globe fighting villains and he’s always extremely well equipped with gadgets while staying at some of the world's best…
Read moreFrom June 22, 2015, the maintenance margin for trades with British pound pairs will go up 10%.
Read moreFX volatility remains high, however the Euro has begun a further downward slide against the US Dollar, and the British Pound slumps to a 5 year low
Read more"It appears the Bank of England is joining the currency wars and this all paints a grim picture for sterling vs the US dollar and I expect an imminent visit of 1.40, with 1.30 a realistic target for end Q2" - Nick Beecroft, Senior Analyst, Saxo Capital Markets
Read moreIn Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and AUD/USD. To view and download the entire report, click here (PDF). GBP/USD: Pausing near the support at 1.6162 • GBP/USD continues to retrace the rebound that…
Read moreIn Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and AUD/USD. To view and download the entire report, click here (PDF). GBP/USD: The short-term bounce is fading • GBP/USD is losing its short-term bullish momentum. A…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for AUD/USD and EUR/GBP. To view and download the entire report, click here (PDF). AUD/USD: Declining sharply • AUD/USD continues its steep decline. The psychological support at 0.9000 has…
Read moreIn Swissquote’s Wednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and AUD/USD. To view and download the entire report, click here (PDF). GBP/USD: Trying to bounce • GBP/USD is trying to bounce from its oversold decline. Hourly…
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