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Trading Price Action - Macro Markets Post-Brexit

Trading Price Action - Macro Markets Post-Brexit

2016-06-28 19:55:00
James Stanley, Strategist
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- This is an archive of a previously-hosted webinar over the GotoWebinar platform. To sign up for our next webinar, the following link will allow you to register for the session: Register for 6/30/2016 Price Action Webinar.

- We looked at the recent move in the British Pound after the Brexit referendum. We looked at the curiously low volume accompanying the moves, and given the range of prices that were traversed with the minimal amount of volume, traders need to question sustainability of near-term moves lower. We discussed this observation in yesterday’s Market Talk, and you’re certainly welcome to read that at this link: Equities Vulnerable as the World Enters a Post-Brexit Reality.

- We then moved over to look at Gold and Yen as potential safe-haven candidates should risk aversion continue on the heels of the Brexit vote. We had touched on this topic in a Special Report yesterday, and we extrapolated on this theme throughout today’s webinar.

- We also looked at the equity space with the potential for down-side continuation moves. As we looked at, the Nasdaq100 appears to still be leading the S&P 500; while international indices in France and Germany could be particularly interesting in the event of continued risk-off scenarios.

--- Written by James Stanley, Analyst for DailyFX.com

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