The Pound is advancing across the board as the UK opposition leaders met today to plot to prevent a no deal Brexit. Boris Johnson is sticking to his do or die Brexit mantra, however, he has expressed a little more optimism that a new deal can still be achieved between the EU and the UK.…
Read more
It was the end of August, a time when vacationers flood the French Riviera and coastal communities to enjoy the good life before heading back to work in September, but merchants in the coastal town of Biarritz, France, were anything but happy. Tourists were not in abundance. The streets were bare, almost like a ghost…
Read moreMati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 25, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The reasoning wasn't entirely apparent to me at the time but thanks to a bit of crowdsourcing…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 24, 2019. The text below is an excerpt and does not contain the full analysis. Everything happens for a reason, even if it's not apparent at the time. Yesterday, I posted something on twitter…
Read more
ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 24, 2019. See details below: FOREX/ BREXIT The Pound is almost flat on the day, following yesterday’s announcement that Boris Johnson will be the UK’s next prime minister. The lack of movement could perhaps indicate resignation from the markets, facing…
Read more
Boris Johnson, a hard-line Brexiteer who has vowed to leave the EU by the end of October with or without a deal, was set to win the top spot and he certainly just did. Johnson will become Britain’s next prime minister after being elected leader of the Conservative party, defeating Jeremy Hunt in the party’s…
Read moreBritain’s Foreign Secretary Boris Johnson claims he would assure his EU counterparts that Britain would continue to cooperate with them once it leaves the bloc, as reported on last month’s referendum. Boris Johnson commented on arrival at the EU foreign ministers meeting in Brussels: The message I'll be taking to our friends in the council…
Read moreSure we all are thrilled about everything that happens around Brexit. There's been lots of drama since David Cameron announced he was resigning shortly after the referendum. All news about the new British Prime Minister are almost as exciting as the referendum itself. Unfortunately we won’t know who will take Cameron's place until September 9. Until then…
Read moreThe Brexit surprises are still coming. And there are likely more in store in the days and weeks ahead. Since the initial drop of the GBPUSD last Friday from the high 1.40's to about 1.32 right after word of the Leave side referendum victory broke, the GBP has been slowly recovering - as have the…
Read moreIt will be a long time before we better understand the implications of the #VoteLeave victory in last week's UK Brexit referendum. Indeed it will be a while - perhaps even months or years - before we really find out what the new relationship will be between the UK and the rest of Europe. And what…
Read more