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With the EU referendum on June 23 for Great Britain to exit from the EU currency bloc, we should expect to see greater volatility from currencies. So far, the consensus going towards an exit has been unfavorable, as trading has been negative with any hint of them leaving. Yet the financial polls show strengthening support to the contrary; people think that, essentially, Great Britain will stay. There is also rumor that investors believe this should be good for the Euro, based on consensus.
Systemically, there are plenty of indications that currency volatility should go up with Poland, Greece, Sweden and France expressing a loss of confidence in the EU, in addition to Britain. This run-on effect points to greater volatility in the FX markets.
Also noteworthy are comments from former prime minister, John Major, who had been in favor of a free-floating currency during his tenure, is reported saying that Britain’s intention to leave the EU is ‘a campaign verging on the squalid’. Here’s a link to the report at MarketPulse.
I’m keeping an overall negative bias on the Euro, despite there being volatile upside potential, I would look for overbought le…
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pshan avatar
pshan 10 June

Here's the video.

Sveetlana avatar
Sveetlana 13 June


JuliannaS avatar
JuliannaS 14 June

video is good , it  is complementary article

black_box_xx avatar

good job!

klintons avatar
klintons 16 June

Good article

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GBP/JPY vulnerable to BREXIT
Since the referendum for BrExit has been confirmed by British PM Cameron for June 23, the market movers turned their focus to all GBP pairs. Aside major GBP/USD, the currency exchange rate for the pound against the yen is another fan favorite of the first half of 2016. Fundamentally, there are two key reasons to sell the pound on any decent rally:
1) BrExit. Many traders see this as an opportunity for the "sell the rumours buy the news". Similar to the Scottish referendum, the pounds has been aggressively offered in anticipation of the posible "yes" vote. The recent YouGov polls have "no" at 52%, while "yes" has 44% support of the British public, showing how close the referendum results may happen to be. I fully expect the pound to be under pressure until June 23rd, especially during the month of May, when the campaign intensity picks up.
2) Europe attacks. The recent Paris and Brussels attacks showed us how vulnerable global market actually is. Instead of hitting the euro, actually it was the pound as the worst performer on the day of Brussels attacks, as British skeptics used this as an opportunity to advocate for the exit. Since the yen is serving as…
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tdbatinkov avatar

verry well done

amerfx86 avatar
amerfx86 5 Apr.

Great article +1 for you

amerfx86 avatar
amerfx86 5 Apr.

Tell me what are you think if brexit happened where gbpjpy will fall?

Sennna88 avatar
Sennna88 5 Apr.

I think it goes to at least 147.00, maybe even below 140

GammaBurst avatar
GammaBurst 11 Apr.

This article is a good source of information for me.

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