Today is D-Day, the day of the Brexit referendum. Yesterday late afternoon there were 2 polls showing that there was a slight majority in favour of a Brexit, which immediately led to some downside in the market. However, a few hours later the latest 2 polls showed exactly the opposite, a small lead for those…
Read MoreCurrencies EUR/USD – saw a sharp reversal yesterday due to a correction in the USD across the board. In any case, all eyes are on the Brexit referendum tomorrow, especially since today we have a relatively quiet news-day. Tomorrow we will have some important data out of the Eurozone, but everything will be overshadowed by…
Read MoreCurrencies EUR/USD – was indeed unable to breach the resistance around the 1.1375 level, but if we will get more polls showing that a Brexit is unlikely we are can expect another attempt. Perhaps we don’t even need to wait for anything related to the Brexit, as we have important data out of the Eurozone,…
Read MoreCurrencies EUR/USD – has been moving up as the likelihood of a Brexit have decreased and this is causing the EUR to strengthen. We can see that at the moment we are being held back by the resistance around the 1.1375 level. USD/JPY – is trading relatively stable compared to other instruments at the moment.…
Read MoreCurrencies EUR/USD – was trading down for most of the day, and came close to the support around the 1.1117 level, before seeing a sharp turnaround. This has been caused by a shift in sentiment regarding the Brexit vote in the aftermath of the assassination of British MP Jo Cox. USD/JPY – is continuing to…
Read MoreThe FED did what was expected of them and did not change the interest rate, and it could be that it will remain that way for the foreseeable future. The FOMC statement was more dovish than expected. There are a few things that really stand out and among them are the fact that more members…
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