Search Results for: Sterling
GBPUSD: Recent Strong Prices Suggest That Higher Degree Correction Is Still Not Over; 1.4800 Possible Reversal Zone
June 6th, 2016
GBPUSD is in recovery mode since March of this year when pair accomplished an extended five wave drop down in wave III. We know that after a very powerful leg, market will make a corrective retracement which will either ...
Asian shares rise, dollar nurses losses after jobs shock
June 6th, 2016
Asian shares rose on Monday and the dollar dragged itself off its lowest levels in nearly a month after U.S. nonfarm payrolls showed the slowest job growth in more than five years, quashing expectations for a near-term U.S. interest ...
Pound Tumbles, Volatility Jumps After Polls Show Brexit Momentum
June 6th, 2016
ITV poll shows Brexit ahead 45% to 41%; TNS has 43% to 41% One-month volatility at seven-year high before June 23 vote The pound slumped to a three-week low after polls showed more Britons favor exiting the European Union, reviving ...
Dollar supported by U.S. rate view, Aussie jumps
May 31st, 2016
The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing expectations of an imminent U.S. interest rate hike, while the Australian dollar jumped on surprising strong local economic data. The ...
The Eurozone is the greatest danger
May 23rd, 2016
World-wide, markets are horribly distorted, which spells danger not only to investors, but to businesses and their employees as well, because it is impossible to allocate capital efficiently in this financial environment. With markets everywhere disrupted by interventions from ...
CySec is asking CIFs to close monitor the risks they are exposed in a possible Brexit
May 17th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform Cyprus Investment Firms in relation with monitoring of risks due to a possible Brexit. CySec informs that in case of a possible exit of the UK, ...
Top Currency Traders Warn White House Race May Echo Brexit Chaos
May 16th, 2016
Campaign trail rhetoric foreshadows dollar volatility ahead Policies on trade, currency manipulation may weaken greenback Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged ...
1-in-5 in person Visa-processed card payments now contactless
May 11th, 2016
Visa Europe has put out another batch of contactless payments metrics, showing that one-in-five in-person card transactions it processes are now tap and pay. The card giant says that it has seen three billion contactless payments in Europe in ...
FTSE 100 in the red as mining shares slump
April 25th, 2016
U.K. shares swung lower Monday, with mining shares struggling at the start of the new trading week. The FTSE 100 UKX, -0.66% fell 0.8% to 6,258.28. All sectors declined, led by the basic materials and oil groups. The blue-chips index on Friday dropped ...
Saxo Q2 Outlook: A social contract in tatters fuels anti-establishment voices and volatility
April 7th, 2016
A rise in political and social risk is the biggest challenge facing financial markets in Q2 2016 Saxo Bank, the online multi-asset trading and investment specialist, has today published its quarterly outlook for global markets and key trading ideas for the second quarter ...
