Search Results for: European Union
Oil slips after small U.S. drawdown; seen choppy before Brexit vote
June 23rd, 2016
Oil prices slipped on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain’s upcoming vote on whether to stay in the European Union. Crude futures rose in early trading, with global benchmark ...
Currency traders would likely dump the pound in the event of a Brexit
June 23rd, 2016
If the U.K. voted to exit the European Union (EU), currency traders would likely dump the pound and send funds into the dollar, FX pros said. The Brexit referendum, which will decide whether the U.K. remains in the 28-member ...
Bitcoin Price Drops Below $600 As ‘Brexit’ Hopes Falter
June 23rd, 2016
The price of bitcoin fell $100 during a five-hour span today, dropping 15% to reach a low of $551 on the CoinDesk Bitcoin Price Index (BPI). The move represents a continuation of the recent price correction that began when bitcoin hit a ...
Pound Rises to Highest in 2016 Hours Before Brexit Vote Begins
June 23rd, 2016
Polls had indicated vote on EU membership is too close to call Foreign-exchange traders are bracing for heightened volatility The pound climbed to the strongest level this year as the U.K. prepares to vote on membership of the European ...
ForexClub changes its trading terms because of Brexit referendum
June 22nd, 2016
On June 23 of 2016 Great Britain will vote on its membership in European Union. This event, also known as Brexit referendum, may cause significant volatility increase and liquidity problems in the market that can result in spreads widening ...
Oil prices above $50, buoyed by U.S. stock draw
June 22nd, 2016
Oil prices rose in Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. U.S. crude futures’ August contract, the ...
Pound Approaches 5-Month High as Odds Show U.K. to Remain in EU
June 22nd, 2016
Gauge of sterling heads for best week since October 2009 Pound’s two-week implied volatility falls from record high The pound approached a five-month high against the dollar as bookmakers’ odds indicated a growing probability Britons will vote to remain ...
Europe expected to pause after strong gains
June 21st, 2016
European stocks traded slightly lower on Tuesday, taking a breather after sharp gains seen in the previous session following polls that allayed fears of a Brexit. The pan-European STOXX 600 was down 0.13 percent with major bourses and sectors pointing in ...
Foreign-Exchange Traders Staff Up for Brexit
June 21st, 2016
Many banks have slashed currencies-trading staff; now they are girding for an anticipated surge of activity stemming from this week’s U.K. vote Scott Schultz won’t be making any social plans for this Thursday evening. The co-head of foreign-exchange trading at ...
Bitcoin exchange Quoine raises $20m venture investment
June 21st, 2016
Quoine, a Singapore-based Bitcoin exchange, has closed a $20 million funding round, leveraging off the large opportunity for Bitcoin in the Japanese market, led by venture capitalists (VCs) and other ‘strategic investors’. It’s last funding round was a $2 million ...
