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
Related materials
Central Banks are the key drivers of the markets this week as traders focused on comments made from two major central bankers ECB and Fed...
Trading in USD was relatively flat on Friday ahead of economic indicators released next week in the US, which will provide...
Oil continued to trade lower on Thursday as traders look ready to test new lows for crude prices with worries persisting over a global glut...
Investor concerns, that low US inflation could deter the Federal Reserve from raising interest rates further this year...
The crucial US retail sales and inflation figures for May will be released at 13:30 BST today...
In terms of the UK general election, there are 650 seats in total in the House of Commons. To become a majorityþ..
Per the latest poll of polls released yesterday May 31, conducted by the Press Association based on...
The FOMC released its May meeting minutes last evening stating that the overall economic assessment was little changed...
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....
Forex Currencies Forecasts
Top Brokers offering Forecasts
| # | Broker | Review | |
|---|---|---|---|
| 1 |  | Easy Markets | 87% |
| 2 |  | FXTM | 85% |
| 3 |  | FIBO Group | 82% |
| 4 |  | FxPro | 80% |
| 5 |  | FXCM | 76% |
| 6 |  | HYCM | 74% |
| 7 |  | Fort Financial Services | 72% |
| 8 |  | Exness | 68% |
| 9 |  | HotForex | 68% |
| 10 |  | Windsor Brokers | 66% |
