Brexit Vote’s Potential Market Implications
Published on Jun 21, 2016 S&P Capital IQ U.S. Equity Strategist Sam Stovall on the market impact of the Federal Reserve and Britain’s vote on whether to remain in the EU.
Curve Ahead Market Strategies
GBPUSD Forecast June 21, 2016, Technical Analysis
The GBPUSD pair initially fell during the course of the day and then turn right back around to break out to the upside. However, there is still more than enough resistance at the 1.48 level to keep this market somewhat soft, and this was initially a “knee-jerk reaction” to the latest polling data out of the UK when it comes to the EU referendum.
EURUSD Forecast June 21, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the day on Monday as we gapped at the open, but at the end of the day we did up turning right back around and filling that gap.
AUDUSD Forecast June 21, 2016, Technical Analysis
The AUDUSD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle.
Disney – China’s Theme Parks Drive A-P Growth
The theme park business in China saw its biggest event of the year on Thursday when the $5.5-billion Shanghai Disney Resort opened. It is Disney’s sixth park worldwide and the largest in Asia, wowing both local and foreign tourists with exotic experiences and Chinese elements.
GBPUSD Weekly Analysis – June 19, 2016
GBPUSD’s downward movement from 1.4769 extended to as low as 1.4012.
AUDUSD Weekly Analysis – June 19, 2016
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend.
EURUSD Weekly Analysis – June 19, 2016
EURUSD is testing the support of the price channel on daily chart.
EURUSD Weekly Analysis – June 12, 2016
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517.
AUDUSD Weekly Analysis – June 12, 2016
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.