Market Review 27-05

Market Review 27-05

Pound Off High as Brexit Party Tops Early U.K. EU Vote Results

Sterling erased gains of as much as 0.3% as Nigel Farage’s new single-issue Brexit Party winning 39% of the vote in the northeast of England, the first full result. Labour took just 19% of the vote, from 36% last time. The swing may harden the stance the next Tory leader takes toward Britain’s divorce from the European Union, following Prime Minister Theresa May’s resignation Friday.

A no-deal exit would be negative for the economy, increase the chance of an interest-rate cut and weigh on sterling. “Over the coming weeks sterling could certainly be hit if the market begins to assign an even larger probability of a no-deal Brexit, and cable could go below the December lows of 1.2487,” said Jane Foley, head of currency strategy at Rabobank International in London.

https://www.bloomberg.com/news/articles/2019-05-26/pound-off-high-as-brexit-party-tops-early-u-k-e-u-vote-results

According to Bloomberg News the favorite to be the next Prime Minister is Boris Johnson, known to be a hardcore Brexiteer and in line with the core of the Conservative Party in Australia. That has created the chance that he might be able to negotiate and pass a deal through

Trading Central – GBPUSD: Recommending a BUY UP TO 1.2780 if above 1.2705.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10216724

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.2780
1
€ 2,898.55
€ 5,797.10
€ 440.00
5
€ 14,492.75
€ 28,985.51
€ 2,200.00
10
€ 28,985.51
€ 57,971.01
€ 4,400.00
25
€ 72,463.77
€ 144,927.54
€ 11,000.00
50
€ 144,927.54
€ 289,855.07
€ 22,000.00

Trading Central – GBPJPY: Recommending a BUY UP TO 140.52 if above 138.89.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10216656

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 140.52
1
€ 2,898.55
€ 5,797.10
€ 899.10
5
€ 14,492.75
€ 28,985.51
€ 4,495.50
10
€ 28,985.51
€ 57,971.01
€ 8,991.00
25
€ 72,463.77
€ 144,927.54
€ 22,477.50
50
€ 144,927.54
€ 289,855.07
€ 44,955.00

Trading Central – EURGBP: Recommending a BUY UP TO 0.8866 if above 0.8778

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10216642

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 0.8866
1
€ 3,333.33
€ 6,666.67
€ 545.60
5
€ 16,666.67
€ 33,333.33
€ 2,728.00
10
€ 33,333.33
€ 66,666.67
€ 5,456.00
25
€ 83,333.33
€ 166,666.67
€ 13,640.00
50
€ 166,666.67
€ 333,333.33
€ 27,280.00

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