EU Referendum Draws Closer

7 June, 2016

Dear Traders,

The United Kingdom European Union membership referendum, or, the EU Referendum, which will ask voters to choose whether or not the United Kingdom should remain in the European Union, is scheduled to take place on June 23, 2016.

As you may have already observed, the Brexit debate of the recent months has caused significant market volatility, with sharp currency movements and the GBP at times falling, at others rallying against other currencies. As June 23 nears and uncertainty escalates, the volatility affecting GBP pairs in particular, and the currency market in general, heightens.

As well as expecting increased volatility during June, you are encouraged to keep an eye on daily developments and monitor your trades closely. Other steps you can take to make the most of currency movements are:

• Making sure you have enough margin and free equity in your account as spreads may widen considerably and there could be a rise in margin requirements;
• Anticipating not only the referendum result but also the market’s reaction to it;
• Reading daily market analysis and the latest on market movements.

The FxPro daily market outlooks by our Chief Economist, Simon Smith, can be found here.


Source link  
Eyes on US Retail Sales

Friday May 12th will see the release of a set of crucial US data for April at 13:30 BST; retail sales, retail sales excluding autos, CPI and core CPI....

Fed Expected to Keep Rates Steady

It is reported that Fed Chair Yellen is not due to hold a press...

Will Q1 GDP Show a Recovery?

The UK and the Eurozone Markit Manufacturing PMI for April will be released today at 09:30 BST...


Will US Q1 GDP Growth Show a Slowdown

This will be the first US GDP figure reported after Trump took office...

USD Rallies

Last Friday US non-farm payrolls for March rose by only 98K, which was far below expectations of 180K, marking...

How Will FOMC Minutes Affect USD?

The dollar index hit a 3-week high of 100.59 yesterday. However, it pulled back after testing the near-term major resistance...


EUR/GBP Bulls Retreat Under Resistance

The European Central Bank president Draghi will make a speech at 15:30 BST today...

Second Scottish Referendum Hits GBP

Tuesday evening, March 28, the Scottish parliament has voted by 69 to 59, in favour of holding a second independence...

Brexit Flight: A Hard or Soft Landing?

UK Prime Minister Theresa May will trigger Article 50 of the Lisbon treaty on Wednesday March 29, starting the 2-year Brexit negotiation...

  


Share: