Markets Take A Break From Brexit-Driven Downturn
The downturn that started on Friday, the day after Britain decided it wanted to part ways with the EU, was indeed exaggerated. Now the markets are taking a break from the self-flagellation, and investors seem to be returning to the fundamentals. Although it is too early to understand if the short rally on Tuesday will hold, it sure seems like it should, at least from the purely rational perspective. It is true that Brexit has created a measure of uncertainty in the future, but the wide-spread panic was not justified. This is especially true given the fact that Brexit will be done in a coordinated and organized manner, which should ameliorate its long term impact on the markets, to the point to which it will be largely negligible. read more…
Trading After Brexit
Widespread panic is the only way to describe how the markets reacted to Brexit on Monday. The first week after 15.6 million Britons turned world markets over, the Pound seems to be in a free fall with oil, the Euro, and almost every major index and industrial metals following suit. As expected, safe haven assets such as gold and even cryptocurrencies have had gains during the day. If Monday is an indication of what lies ahead for the markets this week, then investors should be getting ready for higher risks and increased volatility in the market. read more…
The Brexit Effect
The unthinkable happened. It turns out that Greece was not the first one to leave the European Union, despite having many more reasons to do so than any other member. It was the UK that delivered the first blow to a weakened union, which just a year earlier was fighting tooth and nail to keep Greece in and keep it under the harsh austerity measures that Brussels hopes will ensure the return of hundreds of billions in loans. The refugee crisis just made matters worse for Greece and other EU members, which are struggling under the burden of sluggish economies, increased expenditure to take care of the more than 1 million refugees that are now within its borders, and stubborn deflationary pressures that will not budge. read more…
The Final Countdown To Brexit Vote
As the latest polls come in, politicians on both the ‘remain’ and ‘leave’ sides make a last ditch effort to put their camp over the hump and take the election. Until now, every poll reaffirms what everyone already knows: the British public is split almost evenly down the middle. So much so, that markets are paying heed to the bookies, who are more accustomed to hammering out odds for football matches, but have proven to be more accurate than pollsters. The Bookies so far have reduced the odds of Brexit succeeding, and it seems the market has also been following their data. read more…
Banc De Binary and CySEC Regulation
UPDATE: Banc De Binary Gets CySEC License
On January 25, 2012 Banc De Binary announced that they have received a CySEC licence becoming a regulated Binary Options broker. Since Cyprus is part if the European Union, Banc De Binary is now regulated throughout the EU.
Banc De Binary will be the first Binary Options Broker to receive a license as a registered market maker in Binary Options under Cyprus Security and Exchange Commission law (CySEC). The license ensures that Banc De Binary will be regulated under Cyprus law meaning that they are accountable by law to be responsible for trader deposits as well as fair play in trading and operations. Banc De Binary has submitted their application and expects approval by the end of the month.
Financial Markets – Preview for Week Starting 29th May 2016
Major Events of Last Week
The USA revised its Gross Domestic Product (GDP) for the first quarter of 2016 upwards last Friday although the enhanced growth was still insipid. This improvement was generated primarily by decreasing inventory stockpiles and increasing home constructions which successfully countered declining business investment and weakening consumer spending. A meeting of the G7 nations concluded last Friday by promising maximum efforts to bolster the world’s economy while venting anxiety about military developments involving China, Russia and North Korea. Oil prices recorded seven-month highs late last week before implementing a bearish correction. The premier US indices rose last Friday epitomized by the Dow Jones Industrial Average climbing 33 points; the S&P500 inching 6 points higher and the NASDAQ rising by 25 points. read more…
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