British-based bookmaker Ladbrokes said Boris Johnson, London’s former mayor, and one of Brexit campaigners, is the favorite to replace David Cameron as Prime Minister. Cameron said he would step down by October after his campaign to remain in the European Union got snubbed by the voters. Ladbrokes quoted Johnson at evens, ahead of interior minister […]
UBS told its staff in Asia to stop the live coverage streaming of Britain referendum result as it affects the bank’s systems’ performance. Claus Norup, UBS’ head of Group technology for Asia Pacific, said in an email sent to all Asia staff, “Live streaming has an undue effect on our company network performance.” He added […]
One of the most historic events has unfolded overnight in the financial markets as the UK has voted to leave the EU, causing financial chaos in global markets including indices, stocks, currencies and commodities. Biggest victim has been the GBP which has fallen around 11% from 1.50 to 1.3250 in dramatic fashion. Focus will now […]
Wave summary: We have seen the expected decline to 1.5604 (the low has been seen at 1.5545), which has completed wave (i), and we are now looking for a corrective rally in wave (ii) towards 1.6005 and maybe even closer to 1.6115 before this correction comes to an end. A new impulsive decline in wave […]
Wave summary: The UK voted itself out of the EU, and risk aversion favored the USD and especially the JPY. We will not say that this was a black swan, but the excessive moves in the JPY certainly weren’t a natural outcome from the Brexit. The strong decline below 115.46 calls for more downside pressure […]
Pound Plunges to 30 Year Low as UK Votes Brexit Morning Report: 07.00 London• The UK has defied opinion polls and is projected to formally vote for to leave the European Union. In a re-run of the general election, pollsters appear to have underestimated the voting power of the older generation who were far more […]
The Brexit referendum result is in and the UK public has spoken – 48.1% voted to stay in the European Union and 51.9% voting to leave meaning a BREXIT will take place. The GBP fell to 1.3250 – an 11.42% drop and the lowest since 1985. Leading up to the Brexit referendum, easyMarkets announced to […]
UK Votes to Leave, Pound Hits 30 Year Low Ladies and gentlemen, the UK has left the building! 51.9% of UK voters have chosen the ‘leave’ vote over 48.1% to ‘remain’ in the European Union. The Brexit reality has rocked the markets and sent the Sterling tumbling. Here’s a quick look at some of the […]
The dollar strengthened yesterday because of the result in the UK referendum. The result pushed traders to buy the Dollar against major currencies like the Pound and Euro. The only Dollar pair that weakened was relative to JPY. Red line – resistance (broken) The Dollar index has broken above the red trend line resistance and […]
Gold price broken to new highs after the results of the UK’s EU referendum. As I mentioned yesterday, the technical view on Gold was that a bounce should follow at least towards $1,280, and there were also many chances that the entire decline was over at the $1,250-60 area. Blue lines – bearish channel Gold […]
Swiss franc advanced towards its peak level against the euro on Friday after approximations from the BBC showing Britons have voted to exit the EU in a referendum. The safe-haven currency climbed to 1.0650 in early European trade against the euro, the highest it has been since August 2015. Last week, Swiss National Bank officials […]
The Japanese yen leaped Friday while other Asian currencies took hits as voters in the U.K. upended market predictions and voted for Britain to leave the European Union. Considered a haven currency, the yen gained as much as 99.00 yen against the dollar. This is the strongest level it has been since November 2013 with […]
David Cameron would stay as Britain’s Prime Minister despite losing his “Bremain” campaign, Foreign Secretary Philip said. Hammond on Friday told Sky News that Cameron has been clear that he would continue as Prime minister whatever the outcome of the referendum. “What the country needs now is a sense of continuity and stability,” he added. […]
EUR/USD: There is a Bullish Confirmation Pattern on the EUR/USD 4-hour chart: the EMA 11 is above the EMA 56, and the Williams’ % Range period 20 is now around the overbought region. The price could now target the resistance lines at 1.1450 and 1.1500. However, the events affecting the Cable could also affect the […]
Global macro overview for 24/06/2016: A mixed bag of data regarding the Eurozone flash PMI’s was released yesterday. For the whole EU, only the Manufacturing PMI has beaten the expectations raising to 52.6 points, a 1.1 point more than the previous month’s reading and 1.2 points more than the expected number. The Services PMI for […]
Global macro overview for 24/06/2016: In this historic day, it looks like the United Kingdom has voted to leave the European Union after being the member since 1973. The non-official poll results based on data from areas that have already reported are: Remain camp 48.5%, Leave camp 51.5% after 184 regions out of 398 have […]
General overview for 24/06/2016: The bullish count has been invalidated after the first non-official UK referendum results, so now let’s take a look at the higher time frames to determine the most probable further outlook for this market. Since the top at 141.05, the market has been moving down in a corrective manner indicating a […]
General overview for 24/06/2016: The sharp move upward looks like the wave 3 beginning, so the intraday resistance at the level of 1.3085 will likely be broken rather soon. The next important resistance is at the level of 1.3188, and it surely will be the next target for bulls if the level of 1.3085 gets […]
In Asia, Japan will release the SPPI y/y and BOJ Summary of Opinions. The US will release some economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So there is a probability the USD/JPY will move with medium volatility during this day. […]
The price has made a push down to 1.1200 level channel support and holds above our RSI support really well. This represents a really good level to take an entry at with a good risk-to-reward ratio. Trading recommendations: Buy now Stop loss at 1.1080 Take profit at 1.1500 and at 1.1640 The material has been […]
The price reached our target at 1.0550 perfectly yesterday and saw a reaction off it. Now we look to buy on ascending support at 1.0425 for a rise to 1.0525/1.0550 again. Trading recommendations: Buy at 1.0425 level Take profit at 1.0550 and 1.0525 Stop loss at 1.0400 The material has been provided by InstaForex Company […]
USDX is looking to test the support zone of 93.02, where a rebound should happen if bulls gain strength in coming hours, after the Brexit referendum’s polls are closed. However, the overall scenario remains bearish, as long as the Index keeps trading below the 200 SMA on the H1 chart, and a breakout below the […]
GBP/USD has been moving into a very strong bullish bias during the Referendum’s day, and it’s expected to be still favored by the bulls, as the latest polls showed that the odds are favoring for a “Remain” option as the winner. The technical picture is showing an upside slope by the 200 SMA on the […]
After a week of grief for Jo Cox, the odds of a Brexit were priced at less than 14% likely as polling closed. But we all woke to the stunning news that Britain has voted to leave the European Union. Unless you’ve been on a completely different planet you’ll know that the pound and major stock market indices tanked – though after some very brutal early losses they have partially recovered. Many household name shares have been hammered, especially in banking, property and travel companies and the reality is dawning that the UK is highly likely to break up. We thought we’d gather some of the key market reaction and comment here.Markets at 10.30amUK indices have fallen, though not as hard as their European colleagues. Most UK indices are down 5% but the German DAX -6.2% and the French CAC -7.8% have fallen harder – stocks across the broader European indices are down 6.5%. Markets are moving fast and Central Bank intervention may occur at any time – but here’s a brief picture:MarketValueChangeFTSE 1006028-4.9%
After a week of grief for Jo Cox, the odds of a Brexit were priced at less than 14% likely as polling closed. But we all woke to the stunning news that Britain has voted to leave the European Union. Unless you’ve been on a completely different planet you’ll know that the pound and major […]
Britain’s campaign to leave the European Union succeeded on Thursday, sending global markets into a panic as investors struggled to predict just what might happen next. The so-called Brexit raises a lot of questions about the UK’s economic, financial and political future. Below is a rundown of a few questions people are asking in the […]
Source The post BRITAIN TO LEAVE EU REPORT POLLS- Updates to follow appeared first on Forex.Info. Forex Related Posts:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…EUR/USD. April 25th. Bulls continue to advance and expect a… April 25, 2024 The […]
Immediately following a dramatic plea to call for gun control legislation, the Democrats finally ended their 25-hour vigil sitting down in the US Congress floors. This is after they got short of votes that would have put stricter measures in purchasing guns. The Democrats called for expanded background checks and banning military-style rifles. The Democrats […]
Great Britain’s Pound clobbered to $1.4420 following the early results of the EU referendum among the Britons. Just yesterday, the Pound soared in its highest at $1.5022 with the talks going around that UK will opt to stay. However, when early results of the polls came out Friday morning, it appears that both Leave and […]
U.S. stock index futures dropped in after-hours trading as preliminary results from Britain’s referendum to stay or leave the EU showed a lead for supporters of a British Exit or Brexit. S&P E-mini futures was down 0.8% as early tally showed 52.6% of the vote for the “leave” camp and 47.4% for the “stay” camp. […]
