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News forex

GBP/USD: ‘Swexit’ next? what would it mean for GBP? — BTMU

BTMU on Switzerland’s referendum BTMU Research discusses GBP outlook in light of the contentious issue of immigration in the EU which came to fore again yesterday with the ultra-conservative Swiss People’s Party (SVP) receiving official approval to collect the required 100,000 signatures required in order to hold a referendum on changing the constitution that would effectively give Swiss politicians […]

Forex technical analysis: AUDUSD tests 0.8000 again

Retraces back to the highs of the dayThe AUDUSD moved up to a high of 0.79986 in the Asia-Paciific session, stalled against the 0.8000 area, and fell to 0.7939. That retracement level was where the 38.2% of the move up from Friday’s swing low (the last leg higher). The buyers remain in control.The price is […]

USD/CAD gains evaporate as the market has a re-think

Poloz doesn’t sound too worried Sometimes people see what they want to see, or what they expect to see. There was so much talk about a ‘dovish hike’ in the leadup to the BOC decision that the headlines and stories were already written. The economists wanted to say ‘I was right’, so they twisted the […]

Crypto investors are fleeing to gold

Bloomberg writes about the rotation into gold Digital gold might not be as good as the real thing. One has a track record of a few years, the other has a track record for thousands of years. After a nearly 50% drop in Bitcoin, owners of digital assets are cashing out and buying the old-fashioned […]

European stocks ending the session with losses

10 year yields little changedThe European major stock indices are ending mostly lower on the day: German DAX fell -0.6% France’s CAC fell -0.4% UK’s FTSE fell -0.5% Spain’s Ibex fell -0.1% Italy’s FTSE MIB is ending up a small 0.08% Portugal’s PSI 20 is also higher by 0.13% In the 10 year debt sector […]