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Day: July 18, 2016
July 182016
Brexit — Did You Win or Lose?
We have not written much about the Brexit because there already was a ton of analysis written by many respectable sources. And it all turned wrong on June 24 of course. Nevertheless, the unexpected outcome of the referendum offered a huge earning opportunity to FX traders. Even with brokers cutting leverage on GBP/USD and related pairs, the profit potential was enormous: After all, the moves of 2,000 pips in just a few hours are […]
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July 182016
US Dollar Performance Choppy in Forex Trading
US dollar is experiencing choppy performance today as risk appetite battles with the fact that expectations for a Fed rate hike are on the rise again. US dollar is mostly lower against its major counterparts today, however. There hasn’t been a lot of movement as a new week starts and Forex traders evaluate the latest round of data. Earnings continue to roll in, and they are solid. As a result, stocks are […]
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