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Monthly archive June, 2016

What’s Behind GBP Bounce & EUR Resilience? – Citi

Positioning has led to the ongoing bounce in GBP, but there are more clients left to sell. Price action today should convince you Leveraged interest in adding to GBP downside here may be somewhat limited. Figure 2 shows that on Read More →

AUDUSD – Is This A Real Break?

Key Points

  • Aussie dollar recently traded higher versus the US Dollar, and broke a bearish trend line Read More →

EUR/USD, USD/JPY, GBP/USD: Sailing Into The Unknown Post-Brexit – BofA Merrill

Sailing into the unknown:

FX markets were surprised by the Brexit vote. The implications of the referendum result are hard to nail down, but we expect them to be negative in most scenarios. We would also expect markets to Read More →

Sentiment improves, risk aversion takes some respite

Major equity indices across the globe managed to stage a rebound as investors slowly digested the Brexit’s aftermath. Major equity indices in Asia followed their US counterparts into positive territory this morning.

Yesterday the world suffered another terrorost attack Read More →