Risk is still on after last week’s events - Forex News by FX Leaders

Risk is still on after last week’s events

Posted Monday, June 20, 2016 by
Skerdian Meta • 1 min read

Some events happened last week that gave the Pound and the Euro a boost. One of those happenings was the murder of the British MP Cox. It is a tragic thing but this market has no feelings, whatever that can make it move is good enough. That heartless logic has spilled into this week too. The Euro and the Pound opened with a gap higher last night and keep feeling the demand on assumptions that last Thursday´s tragic event will convince the Britons to vote no to Brexit. Actually, some people (not sure on which side) are collecting signatures to postpone the referendum. That might have some effect as well on the GBP and the Euro.  Anyway, the referendum will be held as scheduled so I think this is just one of those times when the market does what it likes. Well, it always does, doesn´t it? We can´t set the direction,  we just have to follow it.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of