I am bored writing about Brexit, but it is certainly the most important political event going on in the world right now, in terms of how currency markets will be affected.
If a Brexit deal on any reasonably foreseeable terms was agreed by the European Union and passed the British Parliament, the British Pound would almost certainly strengthen considerably.
Over recent weeks, the bullish U.S. Dollar trend, which has seen the greenback steadily increase in its relative value against other currencies in recent months, has seemed to be running out of steam.
The markets, at least so far, are not doing much today – there is little movement, and this is probably because the U.S. FOMC Statement and Federal Funds Rate are due for release in a few hours. I
There is a lot of anticipation today about the U.S. House of Congress election and partial elections to the Senate (the “Midterms”),
The U.S.A. goes to the polls this Tuesday as all the seats in the House of Representatives, and slightly more than one third of the seats in the U.S. Senate (the upper House of Congress) are up for election.
There has been a pretty big, though not truly huge, turnaround in the Forex market over the last day.
I’m back, although there is some activity in the Forex market with quite clearly bearish long-term trends in both the EUR/USD and GBP/USD currency pairs.