Forex
Japanese Yen Soars with Brexit Results The JPY has proven its strength as a safe haven currency in times of turmoil. The British pound to yen exchange rate has fully illustrated how situations of uncertainty, such as the British referendum over the country’s EU membership, play into the…
Brexit Aftermath Crushed GBP Outlook 2016 Just like 2008, no one saw this coming. Britain’s vote to leave the European Union has shocked the world, not to mention crushed the GBP to EUR outlook for 2016. The pound to euro took a massive hit after the Brexit results…
The pound value plummeted on Friday, after Brexit results showing the country’s decision to leave the European Union sent investors flooding into safe-haven assets. The pound to yen exchange rate plunged 11% to 139.90 yen. The Forex market was roiling after U.K. citizens voted on the EU referendum.…
Brexit news is sending shockwaves across the globe. The pound to euro exchange rate dropped as much as 8.3%. The GBP forecast just got a whole lot gloomier to say the least. Britain has voted to leave the European Union (EU). Results from the referendum showed that 51.9%…
The Brexit Could Hammer the British Pound If ever politics, finance, and literature meshed into one big multidisciplinary dilemma, the Brexit referendum would fit nicely. Shakespeare and Hamlet come to mind, but as Britain decides to stay in or leave the European Union (EU), The Clash’s “Should I…
Major Downside for CAD to USD? The CAD to USD exchange rate has seen a solid move to the upside recently, up roughly nine percent year-to-date. Sadly, this could be just a dead cat bounce. Major downside could be ahead for the Canadian dollar. This may sound bold,…
Most Important Number for the EUR to USD Rate If you think the decline in the EUR to USD is over and the currency pair has stabilized, you should pause and reflect on the facts. Problems in the euro area suggest parity could be possible for the EUR…
More Downside for the Canadian Dollar As a resource-based economy, Canada was devastated by last year’s commodity slump. The CAD to USD exchange rate plunged in tandem with the price of oil, but a housing bubble saved the currency from a full-blown crash. Unfortunately, that housing bubble is…
More Downside for the British Pound? The British pound continues to succumb to pressure from the prospect of Britain leaving the European Union. This potential “Brexit” is not just a possibility, it’s a probability and the GBP to USD exchange rate reflects this. The currency has virtually plummeted…
Is it time to be bullish on the EUR to USD exchange rate? Not really. After the latest European Central Bank (ECB) meeting and in view of the likely forthcoming U.S. Federal Reserve rate hike, the euro can only expect to fall to further lows against the greenback.…
Brace for Euro to USD Crunch Since the beginning of 2016, the euro has increased slightly in value. However, don’t for a second believe that this trend will continue. The EUR to USD exchange rate could be hitting parity in 2016. In fact, all the stars are lining…
More Weakness for CAD to USD Exchange Rate A weak economy and falling commodity prices have hammered the Canadian economy, which could spell more trouble for the CAD to USD exchange rate. At least that’s according to the latest poll by Reuters. In a survey of currency strategists,…
Brexit Could Hammer GBP to USD Exchange Rate The Brexit referendum could be a jolt of health for Europe and for the U.K. if Britons decide to stay in the European Union (EU). The risk of losing one of its key members may finally lead the EU to…
More Downside for the GBP to USD Exchange Rate All bets are off on the Brexit. The bookies will actually take your money over the result of the June 23 referendum. And it’s no small result—the Brexit carries the fate of Prime Minister David Cameron’s leadership of the…
More Downside for CAD to USD Exchange Rate The Canadian Imperial Bank of Commerce (CIBC) has warned that the Canadian dollar will come under increasing pressure this summer. The CAD to USD exchange rate, meanwhile, is slipping further, as the U.S. Federal Reserve has started to warn investors…
Brexit Could Crush the British Pound If the United Kingdom were to abandon the European Union (EU)—that is, if Britons vote in favor of what’s being dubbed the “Brexit” on June 23—it could trigger a shock in real estate prices in Britain, with a potential drop of 10%–18%.…
Since the CAD to USD exchange rate hit a bottom in January 2016, it had mostly been climbing upward. But then, as we entered the fifth month of the year, the CAD to USD pair started showing weakness again. Now, analysts are saying that the worst could be…
Time to Bail on the British Pound? A little over a month is left before Britons vote over their country’s membership in the European Union (EU) and the British pound has regained confidence. It might even be possible to suggest that the British pound is stronger as fears…
More Downside for the GBP to USD Exchange Rate? One of the essential analytical points to note in the mid- to long-term prospects for the British pound in 2016 is that the Brexit referendum has already faded as a predictor of the GBP to USD performance. Indeed, the…
Canadian Dollar Setting Up for a Big Drop Since the beginning of 2016, the CAD to USD exchange rate has rallied. Don’t buy into this whatsoever. This is a short-lived phenomenon. The Canadian dollar is headed much lower. Before going into any details, I want you to step…
