GBPJPY Technical Setup: UK Budget and BOE

Digital Derivatives MarketsResearch, Weekly Market Analysis

Aside the US Gross Domestic Product (GDP) figures, Amazon and Alphabet missed the earnings’ expectations, which contributed to some of the weakness we have seen in the leading US indices. The selling weakened the US Dollar in the Foreign Exchange market. Reports on Friday suggested brexit negotiations were placed on hold as the UK cabinet struggled with how to continue … Read More

Brexit Stalemate FX Signals

Digital Derivatives MarketsResearch, Weekly Market Analysis

The brexit stalemate following Theresa May’s remarks on Friday triggered heavy GBP selling against a basket pf currencies. We have already discussed in the past the vast majority of Theresa May’s remarks trigger GBP selling against a basket of currencies. Theresa May confirmed the European Union (EU) rejected her brexit plan without offering an explanation. Theresa May asked for an … Read More