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

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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