Looking at the EUR/USD daily graph ForexSQ exprets see that the uptrend that started on 25th of July ended on August 18th. 50% Fibo retracement of that move is around 1.1155/60 and as the pair continues to stay below that level 1.11 area (Fibo 61.8% retracement) and 1.1040 (Fibo %78.6 retracement) can be targeted with the help of positive NFP numbers. It is also...
Yellen says case for Fed interest rate hike has strengthened, the Forex, Stocks and Bond Yields Rise After Yellen’s Remarks read more at www. forexSQ .com goo.gl
The pound has hit a new low in Asian trading as concerns about the UK’s vote to leave the European Union continue to weigh on investor confidence.
It touched 1.2798 against the dollar on Wednesday, a 31-year low, before recovering slightly to $1.2963.
The pound has now fallen about 14% against the dollar since hitting .... Read more at ForexSQ
ForexSQ says the marketplaces have up till now to take this into account. Whereas traders have been irately pricing in the influence of Brexit on both the global economy and British Brexit from happening, there is one more probability they have not even instigated to deliberate: The U.K. could not leave the EU at all, or it could do so in such a tepid method that...
