Community Blog

Filtered by tags:  Brexit
Avatar

GBPUSD - Trading the Brexit parliamentary vote

The UK Parliament will be holding a vote on the Brexit agreement on Tuesday. This is the second attempt to push the bill to a parliamentary approval following the failed attempt earlier in December.
If you recollect, in December after British PM Theresa May failed to table the bill, it triggered a vote of no-confidence. The PM managed to win the no-confidence vote but little has changed since then on the agreement with the EU.
It is quite likely that the bill will be put to vote. Speculation is …
Read full story
Translate to English Show original
ireen1386 avatar
ireen1386 13 Jan.

Good article

orto leave comments
Avatar

EUR / GBP for September 3

Monthly Chart:
Weekly Chart:
Indicator Used: ATR, EMA (200), (50), (30), (20), Support Resistence, Candlstick chart, Monthly, Weekly
Pair Analysis: On the monthly Chart the Pair is in a uptrend, however it did not reach the Price levels of 2009. Average True Range is falling which shows momentum leaving the trend, The pair is only around gaining 30 Points in one Month time. Price Action is very choppy on the Weekly. Overall I expect the pair to sustain in a narrow range.
Read full story
Translate to English Show original
orto leave comments
Avatar

GBP/USD testing support area at 1.30

GBP/USD fell nearly 300 pips so far this week. Yesterday's Brexit headlines and today's (leaked?) weaker than expected CPI inflation figures for June were among the drivers on the GBP side of equation. Couple that with stronger USD since Fed Powell's testimony. 1.30 is the immediate support ahead of 50% retracement of the 2016 - 2018 upswing near 1.2930.
Read full story
Translate to English Show original
orto leave comments
Avatar

GBP/USD sells off with U.K. government in disarray

U.K. PM May's "third way" Brexit plan, which looked good on Friday, led to a series of resignations on Monday, including Brexit minister David Davis and foreign minister Boris Johnson. May said that "Brexit means Brexit" does really mean Brexit, but not everyone seems to share the same opinion. GBP/USD lost about 180 pips before bouncing, but weaker Manufacturing Production data, released today, doesn't help it.
Read full story
Translate to English Show original
orto leave comments
Avatar

Looking to short GBP again this month

I will be looking to short Gbp again this month
Technically GbpUsd is on a steep move up, and very bullish
Traders are waiting at the sidelines, though - to short the cross
This has to do with Brexit uncertainty, that is still not over
All pieces of news are potentially time bombs that could send Gbp crashing down
Read full story
Translate to English Show original
orto leave comments
Avatar

Brussels does not exclude Brexit without agreement

The EU negotiator has said he does not want an exit without agreement, but is prepared if it happens. The bloc had already given the UK two weeks to make concessions in the negotiations so that it could begin to discuss the commercial relations between the two parties.
Negotiations remain stalled, given the differences between the two sides on priority EU issues such as Brexit's bill, EU citizens' rights and the Irish border issue. Barnier said in the interview that it is vital that the UK incre…
Read full story
Translate to English Show original
orto leave comments
Avatar

United Kingdom decrees day and time to Brexit

The British government announced Friday that the United Kingdom's exit from the European Union will take place in March 2019, with no room for regrets. British Prime Minister Theresa May says she will not tolerate any attempt to block this decision and that she already has the date and time set "black and white."
The referendum of June 2016 came to express at the polls the will of the British to leave the European Union, which was to be formalized on 29 March this year, with the activation of Ar…
Read full story
Translate to English Show original
orto leave comments
Avatar

Maybe some more GBP weakness tomorrow

I am looking for opportunities for coming week
I like a GbpNzd short for various reasons:
Fundamentally Nzd is strong at the moment, forming a new government and doing alright
economically and internally
Great Britain is under pressure again concerning the brexit,
time is ticking for a deal
Technically Nzd has put in a daily low above 0.7,
and GbpUsd seems unable to break clean above 1.33
Read full story
Translate to English Show original
orto leave comments
Avatar

12 - Brexit

It will not be possible at the European Council next week to come up with a concrete proposal for Brexit.
Michel Barnier expressed his disappointment at the end of this fifth round of negotiations between the European Union and the United Kingdom, in order to leave the country of the European bloc, the so-called Brexit.
The former French minister and commissioner, the chief negotiator of the European Union, admitted that little progress has been made over this week-long round and that it will no…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/GBP Returns to the Mean

The EUR/GBP is slowly returning to the mean. In August the pair dropped from a high of 0.9261 to close the month off at 0.8815. After the large gains during the past few months the pair is finally losing some ground.
But as can see on our next chart, the long-term trend on the weekly chart is still very bullish. These two conflicting trends as well as the congestion area the pair is in right now (see rectangle on chart one) should keep prices in range. Thus I'm betting on more range for the EUR/…
Read full story
Translate to English Show original
orto leave comments
More