There remain genuine concerns that such resilience can be sustained, further exacerbated by the surprisingly disappointing UK Construction and Services PMI data from February
I look at concept of relative strength between currencies over a duration and how traders can overlay forex pairs to pick the winning trade. This is an example that supplements what I have written about this topic 4 weeks ago.
Experienced traders tell me that this year is different, that the forex market is very difficult. These few charts may just be the picture to visualise the kind of trading we are going through this year. Besides EURUSD and GBP, I discuss slippage, different broker price feeds.
Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped him do it.
After the Brexit vote, GBPUSD heads for generational low below 1.45. GBPJPY performance must be a Guinness World Record somehow for the number of pips moved for a major cross.
First results are expected at around 0800hrs or 8.00am tomorrow morning 24 June 2016. Clear picture by 1100hrs or 11.00am. Final declaration expected around 1400hrs or 2.00pm. Singapore time GMT+8.
Be ready for anything coming out of this coming EU Referendum. A ‘Bremain’ vote might not be bullish since gains might be priced in while ‘Brexit’ could be more interesting if the market is caught wrong footed.