Pound repeated abysmal record of Brexit



The pair was testing the downtrend resistance, which occurred in August, but finally could not break it. During first trading week of the new month and quarter, the American currency was feeling pretty good as a whole. It is quite possible that the markets will show higher interest to the dollar again as soon as yield curve changes its shape. Market participants are becoming more confident in rate’s increase in December by Fed Reserve, thus, the attractiveness of the American assets is growing in comparison with Euro assets, where both rate rising question and QE ending remain open. Markets confidence was more…

Pound is very attractive without Brexit influence



The British pound has gained strongly since last Thursday, when the supporter of EU membership was murdered by Brexit fanatic. Bookmakers and traders increased their bets quickly thinking that Brits would not like to leave EU. Such estimation is close to reality so far, however, it is too early to talk about final turn. Probably, markets will experience several volatility splashes of British currency during the week.

For those who consider to aсquire the British currency or the country’s assets as a whole, the current rate of the British currency involves very appropriate momentum to buy it if the country stays in more…

The main issue of the Pound

GBP Brexit


Last 24 hours Euro is moving rather nervously. Yesterday, slipping back to 1.1320, the pair unexpectedly rallied up and managed to reach 1.1430 in the middle of the American session. By the end of the day Euro remained below 1.14 level, though today bulls made one more attempt to attack the price and the pair for some time has jumped up to 1.1450 – the highest level since October,15. But in a couple of hours again it was at 1.1350 level. If we look above those wild bounces we can easily notice that as a whole trading of EURUSD is going more…

Short-term bottom of USDCAD



Trading activity went quiet not getting news releases alongside with Eater holidays in banks, main market players. EURUSD is keeping moving at 1.1150 since Thursday. Though, during this period we did not have any significant macroeconomic data release. We can stress only the GDP 4th quarter increase. Yearly growth of GDP (quarter dynamics multiplied by four) reached 1.4% against the expected 1.0%. The nice surprise should not be considered that big if we take into consideration that the increase has occurred due to reassessment of personal consumer spending. For the time being this did not make any impact for Forex market. more…

Dollar returns its levels


The pair continues its slow upward movement. Market analysts emphasize that Federal Reserve officials insist on two rate increases against “less than one” during this year that is factored into interest rate futures quotes now. Though, remarkably steady downtrend of the pair after peaks on March 17 is visible from the first sight to the chart. Non-exchange character of Forex doesn’t allow us to assess the volumes that came through this decline. But we assume they were quite significant.
Federal Reserve actually did not change its course, while ECB widen its QE program and decreased the rates. That means they created good more…