Brexit or not to Brexit

10 November, 2015

Reality hit home yesterday as risk aversion set in causing equities to sell off but FX markets had a placid session in the absence of any major economic data releases. Sterling and the FTSE will be the ones to watch today with David Cameron making his big speech on the UK membership of the European Union and already this morning GBPUSD is a little softer, however the FTSE is expected to recoup the 6300 level on the open this morning. He will set out his four major reforms and the clock will start ticking until the referendum takes place, regardless of whether an official date is set today or not, as we know for sure it will be before the end of 2017. The major issue faced by Cameron is timing because if his demands require treaty changes that need to be ratified before the vote then the end of 2017 is unrealistic since it can take many years for all member states to accept such structural alterations. One thing is certain and that is today the starting gun will fire leading to many months of debate over whether Brexit is in the best interests of the UK, its businesses and people.

Softer inflation from China overnight has had little impact on the markets so far as tomorrow’s retail sales and industrial production are more likely to have an effect. The economic calendar is quiet today so it’s all eyes on sterling where cable is now testing 1.5100 at the time of writing.


Source link  
Cautious mood has returned to stocks

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly...

Emerging markets rebound seems over

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only...

Rebound in Asian markets intensifies

On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having...


Reasons to rebound EM indices

Asian markets are adding after reaching 14-month lows the day before. Positive markets are supported by the reports about China's invitation to trade...

Strong data supports U.S. markets

Stocks of the Emerging Markets remain under pressure on Wednesday morning, with positive sentiments prevailing in American markets following...

Pound press dollar on news about Brexit

Michael Barnier, the EU's top negotiator on Brexit, called a reaching of the agreement on the deal within next 6-8 weeks realistic. This news supported...


Brent reversed from resistance level

Brent Crude Oil recently reversed down sharply from the major, multi-month resistance level 79.50 (which has reversed the price multiple times from the...

EM Markets sale-off spreading to DM

The current weakness on the developing countries financial markets is the longest since 2008. The similarities go further than that: as well as 10 years ago...

The price for trade uncertainty

The markets are cautiously on buy for American stocks, and the dollar adds on fears that trade conflicts are seriously stifling the business sentiment...


In the past 24 hours Bitcoin has gained 0.6% and reached $6519.81436671. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.9032% and is now at $1.1467. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -1.94% and is now at $205.44486509. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: