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Dollar weakness boosts EUR/USD to new post-Brexit high

August 18, 2016 8:40 PM
EUR/USD has been climbing from its post-Brexit lows for nearly the past month. Much of this rise has been attributed to weakness in the US dollar, as bets on a Fed rate hike this year have progressively diminished in recent weeks. Wednesday’s release of July’s FOMC minutes failed to help matters much for the US dollar, as the Fed was seen as sharply...

FX analysis: Brexit-Driven Rollercoaster Rocks Markets

July 1, 2016 6:10 PM
<p>Needless to say, markets in the past week have been rocked to and fro by the prior week’s Brexit decision. In the aftermath of Britain’s historic vote to leave the European Union and the resulting political turmoil, global financial markets have reacted in extreme and varied ways.</p>

GBP/USD tumbles towards post-Brexit lows after Bank of England speech

June 30, 2016 8:00 PM
<p>Bank of England (BoE) Governor Mark Carney made a speech on Thursday indicating that the central bank is likely to cut interest rates within the coming months in reaction to last week’s Brexit outcome that saw the UK vote to leave the European Union. Carney stressed that while the results of the referendum have been made clear, the full implicati...

Gold stays afloat despite risk-on markets

June 29, 2016 11:00 PM
<p>Wednesday was another “risk-on” day for the global financial markets, extending Tuesday’s bullish reversal as Brexit worries continued to abate. US and UK stocks surged sharply as crude oil spiked up on a much larger-than-expected draw in US crude oil inventories (-4.1-million-barrel draw vs. -2.3 million expected) as reported by the US Energy In...

EUR/GBP maintains strength as sterling softness endures

June 28, 2016 9:50 PM
<p>Although the euro and pound both suffered massive hits as a result of last week’s Brexit decision, the euro has fared substantially better than sterling in the aftermath of Thursday’s EU referendum. While both currencies were expected to plunge on a Brexit outcome, it was also projected that the British pound would endure a significantly more sev...