Referendum

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EUR/USD teeters above critical support

November 30, 2016 9:48 PM
The 1.0500 level has served as a major historical support area for EUR/USD within the past two years. Previously, the currency pair had not traded at these depths for more than a decade – since early 2003. While it was breached to the downside slightly and briefly in March of 2015, the 1.0500 level has been repeatedly tested and has held its ground ...

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>