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Brexit Volatility Seen Subsiding in the Prior Week

Jignesh Posted 3 July  in #Trader's blog #GBP #Volatility #Brexit
The June 23 referendum had given markets something to talk about for months leading up to the event. Some bold predictions were made ahead of the event, essentially calling for a collapse of the British Pound in the event the exit materialized.
The weekly open last week, saw a continuation of risk sentiment and volatility, but dissipated quickly. The commodity currencies have already fallen back into normal ranges, The EUR/USD volatility is near pre-Brexit levels, while the GBP/USD remain…
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GBPUSD - Pull back or Reversal of Trend?

Jignesh Posted 15 Nov.  in #Trader's blog #GBP #Boe #Fundamentals #Trend #Cpi #Inflation #Gbpusd
The British Pound posted impressive gains last week. And that too, without any catalyst in place. Throughout the week we saw minimal retracements as the price marched higher, which is usually a sign of unusual strength.
But it is still unclear if the trend is reversed, or if the move is merely a pull back against the main down trend.

The chart below shows GBPUSD retracing already 50% of the move down, and that without a catalyst.
On Tuesday we have inflation related data coming out of the UK. T…
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Notable Currencies of the week

Jignesh Posted 14 Nov.  in #Trader's blog #AUD #GBP #CAD #USD #Currencies #Movers
This weeks was essentially a sideways market for the most part if glancing at the daily charts. But the mostly sideways movements in the majority of the pairs clearly points to a few currencies that boldly stand out.
GBP - The pair was sold off quite aggressively in the previous week, but has made one of the strongest rebounds. The theme of the previous week was that the UK would not be looking to raise rates as soon as the market previously anticipated, but sense prevails as the economy stil…
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End of Week Currency Fundamental Summary

Jignesh Posted 7 Nov.  in #Trader's blog #GBP #NZD #USD #Fundamentals
The past week was filled with Fundamental data releases. Here is a summary which may assist in finding trading opportunities in the week to come.
NZD - The early week employment release for New Zealand saw the pair miss in data yet once again. It is quite clear that the labor sector is struggling. We have already seen a larger reversal in several NZD pairs a few weeks back after some temporary strength. At the moment, the single currency may be considered oversold, but any rallies can be expecte…
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