What Safe Haven Asset/Currencies Are and the Role They played During the Brexit

A safe haven currency is a currency that investors and traders believe is stable enough to keep its value compared to other currencies in times of economic uncertainty, inflation and other forms of crisis.

However, what are considered safe havens alter over time as market conditions change, and what appears to be a safe investment in one down market could be a disastrous investment in another down market.

Generally, safe haven currencies are from countries that have very stable economies, so the currency does not change much in value.

George Soros Warns That Brexit Will Make UK Citizens Poor

My 60 years of experience tells me the pound will plummet, along with your living standards. The only winners will be speculators .

David Cameron, along with the Treasury, the Bank of England, the International Monetary Fund and others have been attacked by the leave campaign for exaggerating the economic risks of Brexit. This criticism has been widely accepted by the British media and many financial analysts. As a result, British voters are now grossly underestimating the true costs of leaving.

Too many believe that a vote to leave the EU will have no effect on their personal financial position. This is wishful thinking. It would have at least one very clear and immediate effect that will touch every household: the value of the pound would decline precipitously. It would also have an immediate and dramatic impact on financial markets, investment, prices and jobs.

Meaning of The ''Fed Dot Plot''

U.S. Federal Reserve policy is critical to all of the global financial markets, so any insight into what the Fed is thinking always gains a great deal of attention from investors. That’s why the Fed “dot plot” has become one of the most-watched news releases during the course of the past year.

The dot plot, which is published after each Fed meeting, shows the projections of the 17 members of the Federal Open Market Committee (the rate-setting body within the Fed). Each dot represents a member’s view on where the  fed funds rate should be at the end of the various calendar years shown, as well as the “long run” – the peak for the fed funds rate once the Fed has finished tightening(or “normalizing” ) policy from its current ultra-low levels. The dot plot represents the Fed’s ongoing efforts to become more transparent with respect to its policies.

Pay Attention to These Words and Dots: Fed Decision-Day Guide

·         Clues on unemployment and Brexit views may be important

·         Dot-plot update may reflect slower rate hikes in 2017, 2018

Chair Janet Yellen’s Federal Reserve wraps up a two-day meeting on Wednesday in Washington. Officials are expected to debate whether the economy can handle another interest-rate increase after they hiked in December for the first time in almost a decade.

The Federal Open Market Committee’s deliberations come as the central bank receives conflicting signals about the economy’s strength: A comprehensively weak May jobs report contrasts with strong spending. Economists and investors don’t expect a rate increase this week, and will look to the Fed’s statement, quarterly economic projections and Yellen’s press conference for hints at future timing and pace.

Here’s what to watch for when the Fed releases its statement and economic projections at 19:00 GMT and Yellen speaks at 19:30 GMT in Washington.

UK CPI Inflation

In a few minute, the UK CPI (Consumer Price Index) will be released (at 9:30 GMT)which is the most important inflation data used  by the Central Bank as it's inflation target. CPI gives detailed information about a majority of the overall inflation which is important to currency valuation because rising prices lead the central bank to raise interest rate out of respect for their inflation containment mandate. The data is released by the Office for National Statistics (www.ons.gov.uk).

Yellen Says Fed Still Wants to Raise Rates But Signals No Hurry

Federal Reserve Chair Janet Yellen on Monday said US economy will continue to improve and she expects that further gradual increases in the federal funds rate will probably be appropriate to best promote the FOMC's goals of maximum employment and price stability.

Pound Under Pressure

The Pound fell against all of its market peers after the survey which showed more Britons preferring to leave the European Union. The GBP/USD pair lost all of its Friday gains reaching a three week low of 1.4353.

EUR/USD Stronger On Poor NFP Result

U.S. unemployment rate fell to 4.7%, the lowest since 2007, but the economy added only 38,000 jobs in May.

LEVELS TO WATCH
The pair is now advancing to 1.1324, and a break above 1.1346 could open the door to 1.1446 in the days ahead. (High May 11)

What To Expect From Non Farm Payrolls Today at 13:30 GMT

U.S. stock index futures indicated a flat open on Friday morning as traders eyed the release of a host of data.

Nonfarm payrolls, the unemployment rate, average hourly wages and the U.S trade deficit are all set to come out at 13:30 GMT non-manufacturing data and factory orders are set to be released at 15:00 GMT.

OPEC Keeps Status Quo After Failing to Agree on Output Cap

·         Oil extends slide as members decide against production ceiling

·         Nigeria’s Mohammed Barkindo is appointed as secretary-general

  

OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling. Crude extended its decline in London.

The meeting didn’t produce a supply accord but did reach consensus on appointing Nigeria’s candidate as new secretary-general, Sudirman Said, Indonesia’s energy minister, said in Vienna. The Organization of Petroleum Exporting Countries’ de facto leader, Saudi Arabia, had previously discussed restoring a production target scrapped in December, according to delegates familiar with the matter.

ECB Leaves Interest Rate Unchanged at 0.0%

The European Central Bank decided that the interest rate on the main refinancing operations will remain unchanged at 0.00%.

164 Pips on GBPUSD Movement Caused By New Brexit Poll

Sentimental market movement caused by a new poll in support for the campaign to take Britain out of the European Union has caused GBPUSD to fall for a 164 pips.This might cause a further drop this week on the pounds.
Been aware of these factors helps one to become a good forex trader and eliminate's the fear factor in trading greatly. 

Signal On USDJPY

BREAKING NEWS:Pound Drops as New Brexit Poll Shows ‘Leave’ Camp Taking Lead

·         Sterling weakens against 15 of its 16 major counterparts

·         Gauge of one-month volatility at highest level since 2009

The pound dropped after a new poll showed a jump in support for the campaign to take Britain out of the European Union, spooking some investors who had thought that the result was a foregone conclusion.

Sterling fell against all but one of its 16 major peers as ICM opinion polls released Tuesday by the Guardian showed a lead for the ‘Leave’ camp. A phone survey showed 45 percent of respondents supported leaving, 42 percent for ‘Remain’ and 13 percent were undecided, in contrast to a previous survey which put the pro-EU camp ahead. An online poll also put the Brexit camp ahead.

Daily Market Report From Blackwell Global

Thursday, 26th May, 2016, 23:00 GMT
TOP HEADLINES ·         US Core Durable Goods up to 0.4% m/m ·         UK Preliminary GDP on Target at 0.4% ·         US Unemployment Claims Fall to 268k ·         Monday likely to see JPY consumption tax announcement from Abe CURRENCY OUTLOOK USD EUR GBP ·         USD Index down to 95.12 ·         S&P 500 up to 2090.25 The US Dollar Index slipped lower despite core durable goods orders surging due to the transportation sector. However, business spending proved weak which is impacting economic growth.

Commodity Currency: Oil And The Loonie

For whatever reason, when Americans think of major crude oil exporters, they think of Saudi Arabia, Kuwait and other nations in the Middle East as the primary sources of oil consumed in the U.S. That assumption is wrong. The bulk of the imported oil consumed in the U.S. comes from Canada. In March 2009, the U.S. was consuming nearly 2.5 million barrels of Canadian crude per day, far more than the 1.9 million daily barrels the U.S. purchased from Mexico, the second biggest supplier of crude oil to the States.

Canada is one of the 10 largest producers in the world and has been rated as the one of the most energy-secure nations in the world by Energy Security News. Crude oil is Canada's most exported product to its southern neighbor and is tens of billions of dollars ahead of the next largest category - automobiles. The U.S. isn't the only loyal buyer of Canadian oil, either. Japan imports nearly all of its crude oil from Canada, and is another important buyer of Canadian crude.

SIGNAL ON USDCAD

 Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

French Oil Refinery Strikes Spread as Fuel Shortages Worsen

.Total CEO threatens to revise investment in French plants

.All eight of nation’s refineries are disrupted by strikes: CGT

A French labor dispute that already caused fuel shortages and clashes between police and protesters worsened Tuesday as every one of the nation’s oil refineries experienced disruptions or outright shutdowns.

Daily Market Report

Monday, 23 May, 2016, 23:00 GMT
TOP HEADLINES ·         Japanese Trade Balance Posts 0.43T ·         EU Manufacturing PMI Falls to 51.5 ·         AU CB Leading Index Increases 0.1% m/m ·         US Markit Flash Manufacturing PMI Disappoints as it Contracts to 50.5 CURRENCY OUTLOOK USD EUR GBP ·         USD Index down to 95.21 ·         S&P 500 down to 2044.50 The USDX began to reverse recent bullishness as the Markit Flash Manufacturing PMI came in at 50.5. Additionally, the move lower should now be moving the USD out of overbought territory,

Daily Market Report

Thursday, 19 May, 2016, 23:00 GMT
TOP HEADLINES ·         UK Retail Sales Data Exceeds Predictions ·         Canada's Wholesale Sales down 1% m/m ·         G7 Meetings Kick Off in Japan ·         Philadelphia Federal Manufacturing Index Contracts by 1.8 CURRENCY OUTLOOK USD EUR GBP ·         USD Index up to 95.26 ·         S&P 500 down to 2038.25 The USDX continued to capitalise on yesterday's momentum and rallied once again. However,  a contraction in  the Philadelphia Federal Manufacturing Index of 1.8 limited USD gains significantly.

Blackwell Global

Analyst Pick Friday, 20th May, 2016, 05:00 GMT

By Matthew Ashley Currency Analyst

Pick of the day

USDCHF 0.9858 0.9652 1.0006

Bearish Bat pattern nearing completion. Heavily oversold Stochastics and RSI. Nearing a robust zone of resistance. Poor recent US fundamental results. NEWS TO WATCH 21 May 02:00 GMT USD Existing Home Sales​ 24 May 01:45 GMT USD Markit Flash Manufacturing PMI 24 May 18:00 GMT CHF Trade Balance

SIGNAL ON GOLD

SIGNAL ON GBPJPY

Double- Top on GBPJPY, though I saw this late but still made an entry to target 40 pips.

MORE PROVE TO BACK MY PREVIOUS SIGNAL ON USDCAD

I posted a signal in the morning on USDCAD and above you can see more reasons to follow the signal.

GBP/JPY Surged Following the Bank of England

GBP/JPY

• The dollar traded mixed against its G10 peers during the European morning Thursday. It was higher against JPY and EUR, in that order, while it was lower against AUD, NOK, GBP, NZD and CAD. The greenback remained virtually unchanged against CHF and SEK.

USDCAD TRADE SIGNAL FOR TODAY

Nice Double Top pattern forming on USDCAD to confirm my entry.
NOTE: Don't forget about Money Management Please.

BANK OF ENGLAND (BOE) MEETING TODAY

The Bank of England will have its monthly economic meeting this Thursday, the second one with the new methodology of releasing minutes right after the meeting, and not two weeks later, as they did for several years. 

NON- FARM EMPLOYMENT CHANGE (NFP)

What is this event all about?

Nope, NFP isn’t an acronym for numerous forex profits, although it could yield just that if you play your cards right. NFP actually stands for non-farm payrolls, which measures the change in the number of people employed in U.S. non-farming sectors such as manufacturing, services, or construction. This is reported on a monthly basis, along with the unemployment rate which indicates the percentage of the work force that is jobless and actively seeking employment.

Forex traders also usually pay attention to the underlying employment figures such as the participation rate or average hourly earnings, as these provide more insight on labor market trends. Aside from that, revisions to previous data also tend to affect the dollar’s overall reaction to the jobs report.

A 100 Year-Old Wall Street Veteran Reveals the Secrets of Her Success

100 years old Irene Bergman has some advice for enjoying a long career on Wall Street: Don’t do anything stupid.