Brexit

As investors appear to be awaiting the ramp-up of earnings season with bank quarterly reports tomorrow, they have some incremental geopolitical news to digest. Trade negotiations between the United States and China continue. U.S. Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China...

The EU decided to postpone Brexit until October 31st. While the cliff edge was averted, uncertainty remains high. The technical picture is mixed for the pair. ​​​​​​GBP/USD is trading just below 1.3100, digesting the late-night news from Brussels and not going anywhere fast at this point. ...

EUR/USD is back to the same range just below 1.1300. Draghi's dovishness sent it down, but also the Fed is going there.  The technical picture is bullish for the pair. EUR/USD is trading just below 1.1280, the same levels it kicked off yesterday's session. In the middle, the pair...

After yesterday's sharp intraday pullback, the GBP/USD pair regained positive traction and held on to its modest gains above mid-1.3000s through the early European session on Wednesday. The British Pound got an additional boost following the release of better than expected UK monthly GDP print...

Negotiations between the Labour Party and the Conservative Party are set to continue today. A bill preventing a no deal Brexit has made its way through Parliament and Prime Minister Theresa May is travelling to European capitals today, seeking an extension to Article 50 tomorrow that will see the...

The GBP/USD pair edged higher for the second consecutive session on Tuesday and jumped back above the 1.3100 round figure mark, or multi-day tops during the early European session. The British Pound found some support after the House of Lords approved Cooper-Letwin bill that would force PM to...

Currency traders may wonder if they are being punished. Since late last October trend has vanished from the FX Markets. There seems to be a new law of foreign exchange markets--Every sustained movement will be met by an equal and opposite reversal, (apologies to I. Newton). From the end of October...

Three top-tier events in Europe, the US, and the UK await traders.  Here is a quick guide to what to expect from the ECB, the Fed, and the Brexit Summit. Here the three events, each one with its three scenarios.  1) ECB Meeting The announcement is at 11:45 GMT, press conference at 12:30...

Markets are on the cusp of a lot of news, but none has broken yet. This week brings a Brexit deadline, a European Central Bank (ECB) meeting, Fed minutes, and the start of earnings season, but for now, that’s all in the future and stocks don’t appear to be moving too far one way or...

GBP/USD is trading in a range as markets await a Brexit breakthrough. Talks between the government and the opposition are in the limelight. The technical picture is slightly bearish for the pair. GBP/USD is marginally up on the day, seemingly immune to the clock. The UK will exit the European...

European Commission President Jean-Claude Junker has ruled out any further short extension to Article 50 saying that the 12 April Brexit-related deadline is fixed. After that date the United Kingdom's (U.K.) Prime Minister Theresa May will need to ask for a longer extension of around a year, or...

Even when the trade winds are generally strong, there can sometimes be lulls. This morning, the market seems to be awaiting fresh developments on the U.S.-China trade front as negotiators continue meeting in Washington and President Donald Trump is scheduled to meet with Chinese Vice Premier Liu He...

EUR/USD is off the lows as the mood improves on several fronts. The US calendar features two significant releases, and there's always Brexit. The technical picture is improving for the pair. EUR/USD is trading above 1.1220, emerging from the lower levels seen earlier. It enjoys a better...