News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRS9MaA7h8
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here: https://www.dailyfx.com/forex/fundamental/forecast/weekly/CHF/2021/09/18/Gold-Price-Outlook-Hinges-on-Fed-Rate-Decision-Forward-Guidance.html https://t.co/dWWxtErjK0
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/4qxwiJsV1K
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/stMPuq0VXR
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/v6RGICQvge
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/rws9LHJV3E
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2021/09/18/Japanese-Yen-Forecast-JPY-Crosses-Eye-BoJ-CPI-as-Haven-Flows-Bolster-Yen-Strength.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/FVisZuTP6M
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here: https://t.co/H1BaTlIHjY https://t.co/zP3mjfslSD
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/Of1thU4zXw
Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Daniel Dubrovsky, Strategist

Talking Points

Having trouble trading in such volatile market conditions? This may be why.

The United Kingdom decided through referendum to separate from the European Unionon June 23rd. This unprecedented event resulted in extreme market reactions across the board. British Pound crosses, such as GBP/USD and GBP/JPY, experienced record-breaking moves and ranges. Meanwhile, stock indexes such as the Nikkei 225 index, saw daily changes and ranges at scales not seen in years. The charts below show just how much a scar the “Brexit” vote left on the markets in just one day.

GBP/USD

06/24/2016: 8.1 percent decline, largest on record. 12.0 percent range, widest daily range on record.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

GBP/JPY

06/24/2016: 11.4 percent decline, largest on record. 17.0 percent range, widest daily range on record.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

USD/JPY

06/24/2016: 3.7% decline, largest since October 1998. 7.4 percent range, biggest range since October 1998.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

S&P 500 Index

06/24/2016: 3.6 percent decline, largest since August 2015. 3.4 percent range, widest daily range since January.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

FTSE 100 Index

06/24/2016: 3.1 percent decline, largest since January. 8.7 percent range, widest daily range since October 2008.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Euro Stoxx 50 Index

06/24/2016: 8.6 percent decline, largest on record. 9.7 percent range, widest daily range since October 2008.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Nikkei 225 Index

06/24/2016: 7.9 percent decline, largest since March 2011. 9.4 percent range, widest daily range since March 2011.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

VIX Index

06/24/2016: 47 percent gain, largest since August 2011. 39.2 percent range, widest daily range since August 2015.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Gold

06/24/2016: 4.9 percent gain, largest since December 2008. 8.6 percent range, widest daily range since April 2013.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

US Dollar Index(ICE)

06/24/2016: 2.1 percent gain, largest since December 2008. 3.2 percent range, widest daily range since March 2009.

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

Brexit Vote Generates Extreme Moves from Pound, Dollar, Markets

Chart created by Chief Currency Strategist John Kicklighter, data pulled from Bloomberg

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES