Weekly Market Update 26/06/16-01/07/16

    Good afternoon, Brexit scenario materialized as the “Leave” campaign won with 51.9% of the vote and “Remain” obtained 48.1%.  Such a slight majority shows the low level of statistical robustness of polls before the referendum. The British Pound plunged, as expectations grew that “Leave” would win, against the Greenback,  with a weekly loss of 687 pips. The rate closed at 1.3660 (-4.79% weekly), but last Friday Cable lost 1180 pips sinking the rate intraday below both the 2008-2009 lows and the level that was traded more ...

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    UKOIL June 26, 2016

    High: 51.4 | Low: 48.18 48.99 / 49.05

    The commodity reached the lower side of the channel and rebounded. It may test 55.2 and a a breakout of the higher side of the channel can lift UK Brent to 61.7. Beneath 47 the commodity should test the 200SMA, now at 42.6. more ...

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    GBPUSD June 26, 2016

    High: 1.4647 | Low: 1.3227 1.3678 / 1.3683

    GOLD: XAUUSD June 26, 2016

    High: 1,358.28 | Low: 1,264.03 1,315.22 / 1,315.82

    AUDUSD June 26, 2016

    High: 0.7580 | Low: 0.7304 0.7461 / 0.7465

    EURUSD June 26, 2016

    High: 1.1335 | Low: 1.0911 1.1103 / 1.1108

    Economic News June 22, 2016

    Good evening, US indices are off their intraday highs and the S&P500 is gaining 4.56 points to 2,093.46 (+0.22%).  US  Existing Home Sales data at 5.53M was above the Consensus and weekly Crude Oil Inventories increased to -0.917M. The commodity is losing 74 cents to 49.11 $/barrel (-1.48%). Gold is down 1.6$ to 1,270.9 $/oz (-1.48%). In the currency market  Oceanic currencies are the best performers against the Greenback among the G10 group of currencies. NzdUsd is trading at 0.7169 (+0.65%) and AudUsd is at 0.75 (+0.68%). EurUsd is gaining 58 pips to 1.1302 (+0.55%).  GbpUsd could not make a breakout of the static resistance in area 1.476 and now is trading at 1.4689 (+0.26%). The next 48 hours will be very volatile for the British Pound as voters will decide if UK will leave or remain in the European Union. (16:30 GMT). Read More ...

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