Brexit Party Wins Hurts GBP

Brexit PartyBrexit Party Victories are Damaging the GBP

The Pound has shed point 33 percent despite the triumph of the Brexit party in the UK.

GBPUSD has lost 0.3% in the last session the RSI enters the negative area.

USDJPY has performed a minor correction gaining 0.2% in the last session the ATR is signaling low volatility.

The price of gold has traded sideways in the last session stochastic remains oversold.

eBay’s stock has traded sideways in the last session stochastic remains negative.

 

Major Economic Announcements

US MBA mortgage applications will be released at 11:00 GMT

Japanese Bo J’s Governor Kuroda Speech at 0:00 GMT

German Unemployment Change at 7:55 GMT

Canadian BOC interest rate decision at 14:00 GMT

US Redbook index at 12:55 GMT

US Richmond Fed Manufacturing Index at 14:00 GMT

 

Major Market Events

European elections EU US Talks that could prevent the United States imposing punitive car tariffs have made some progress drawing mild optimism.

Bitcoin jumped as much as 10 percent as it extended the best one-month rally since before the tokens historic surge in 2017.