EUR/USD down 2.71%. Oil prices plunged 5%.

EUR/USD significantly fell today. As of 6:00 PM EDT the pair was trading at 1.1118, which represents 2.71% decline from the previous close. US shares plunged following the global markets, as investors reacted to Brexit. Below is presented the performance of major indices: DJIA closed at 17,400.75, down 3.39%. Nasdaq Composite lost 4.12% finishing at 4,707.98. S&P 500 closed at 2,037.41, which is 3.59% lower than the previous close. Nearly $2 trillion in value was wiped off from the global […]

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EUR/USD at 1.1161. European shares plunged more than 8%.

EUR/USD lost more than 2% after “Brexit” announcement. As of 1:00 PM EDT the pair was trading at 1.1161, which is 2.33% lower than the previous close. European markets collapsed after Britain voted to leave EU. Below is presented the performance of major indices: FTSE 100 closed at 6,138.69, down 3.15%. CAC 40 plunged 8.04% finishing at 4,106.73. Euro Stoxx 50 was trading at 2,776.09 as of 5:50 PM GMT, which represents 8.62% decline from the previous close. British banks […]

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EUR/USD Forecast and Trade Ideas for June 24 2016

Previous trading day: Britons decided to LEAVE European Union. After results financial markets plunged, where every asset class had been influenced. British pound and euro were significantly hit by this decision, as expected. Immediately after results EUR/USD reached 1.09 level, but shortly returned to levels around 1.11. British pound lost 11% in value during just one day. This was immediate market reaction, however, longer term consequences of this decision in terms of recession are to be seen and priced by […]

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EUR/USD lost 2.50% as UK voted for Brexit. Global markets shrank.

EUR/USD shrank during the Asian session after Britain surprised the world by voting for Brexit. As of 3:00 AM EDT the pair was trading at 1.1142, which is 2.50% lower than the previous close. Global markets were shocked after UK voted for leaving the EU. Though the effect on Asian stocks was not as harsh as on European once, it still moved the stocks significantly lower. Below is presented the performance of major indices: Shanghai Composite closed at 2,854.29, down […]

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EUR/USD jumped 0.86%. Opinion poll suggests UK to remain in EU.

EUR/USD rose for the second day in a row. As of 6:00 PM EDT the pair was trading at 1.1427, which is 0.86% higher than the previous close. US shares finished higher today driven mainly by the opinion poll suggesting Britain to remain part of the European Union. Below is presented the performance of major indices: DJIA closed at 18,011.07, up 1.29%. Nasdaq Composite rose 1.59% finishing at 4,910.04. S&P 500 closed at 2,113.32, which represents 1.34% increase from the […]

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EUR/USD at 1.1354. Eurozone composite PMI dropped in June.

EUR/USD was trading above the yesterday close throughout the day. As of 1:00 PM EDT the pair was trading at 1.1354, which is 0.21% higher than the previous close. European shares are rising for a fifth day in a row ahead of UK referendum. Investors believe UK will vote to stay in European Union. Below is presented the performance of major indices: FTSE 100 closed at 6,338.10, up 1.23%. CAC 40 climbed 1.96% finishing at 4,465.90. Euro Stoxx 50 was […]

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EUR/USD at 1.1340. Japanese manufacturing PMI at 47.8 in June.

EUR/USD was fluctuating around the yesterday close throughout the Asian session today. As of 3:00 AM EDT the pair was trading at 1.1340, which is just 0.09% higher than the previous close. Asian shares finished mostly higher today. Below is presented the performance of major indices: Shanghai Composite closed at 2,891.96, down 0.47%. Nikkei 225 rose 1.07% finishing at 16,238.35. Hang Seng closed at 20,868.34, up 0.35%. S&P/ASX 200 increased 0.19% finishing at 5,280.70. India’s Sensex was trading at 26,833.98 […]

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EUR/USD rose 0.76%. US crude inventories fell lower-than-expected.

EUR/USD significantly rose today. As of 6:00 PM EDT the currency pair was trading at 1.1334, which is 0.76% higher than the previous close. US shares slightly fell today. Below is presented the performance of major indices: DJIA closed at 17,780.83, down 0.27%. Nasdaq Composite fell 0.22% finishing at 4,833.32. S&P 500 closed at 2,085.45, which represents 0.17% decline from the previous close. US existing home sales rose in May. According to the data from the National Association of Realtors […]

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EUR/USD Forecast and Trade Ideas for June 23 2016

Previous trading day: Yesterday`s EUR/USD trading session was marked with some higher volatility supported by news on Brexit referendum and capital flows to equities. Another day of high volatility is ahead as British referendum is finally due today. Whatever polls and estimates are showing at this moment, official results might imply immediate strong market reaction if Britons vote for exit. Although British pound will suffer the most from this move, euro will also follow this scenario against all other currencies. […]

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EUR/USD up 0.50%. Oil prices dropped nearly 2%.

EUR/USD gradually increased throughout the day. As of 1:00 PM EDT the pair was trading at 1.1305, which is 0.50% higher than the previous close. UOB analysts provided their outlook on EUR/USD today. “The sharp drop in EUR yesterday that took out the 1.1250 support suggests that the prospect for the current neutral outlook to shift to bullish has all but vanished. The outlook from here is very mixed and we continue to hold a neutral stance and expect this […]

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