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Brexit: The Pound Will Survive, The Euro Will Not

Lior Alkalay - INO.com Contributor - Forex

Friday, June 24th will be remembered as a Black Day for the British Pound. On that day, investors, shocked by the “leave” vote for Brexit, pushed the Pound off a cliff, toward its worst daily loss since 1985. And yet, despite the Pound being at the eye of the storm after the Brexit vote, it’s not the Pound’s future that investors should fear.

Brexit Impact On The Pound Sterling

The impact Brexit will have on the Pound should be divided into two ranges—short to mid-term and long-term.

In the short to mid-term, it’s undeniable that the Pound will face significant and broad pressures—monetarily, fiscally and economically. The Bank of England will likely need to deploy extra liquidity measures to assure stability in the financial system which, effectively, is monetary easing. From a political standpoint, uncertainty has increased dramatically. On Friday, the UK Prime Minister, David Cameron, resigned, and his “heir apparent” is still unclear. But even more, troubling is the future of Scotland within the United Kingdom. The Scots will be compelled to cast another vote, this time on their willingness to leave the United Kingdom and stay with the European Union. [Read more...]

Brexit Poll: Will They Stay or Will They Go

Today is finally the day. Britain's long-awaited referendum on whether or not the U.K. exits the E.U. will finally happen. After months of polls showing that a narrow majority of Britons favored staying with the E.U., recent surveys have shown the country's voters leaning toward leaving the 28-nation E.U. despite the potential for strong economic aftershocks in the U.K. and across the world. What is certain is that global markets are likely to see heavy trading on Friday, as investors adjust their holdings based on Britain's decision.

Which leads me to today's poll question:

Will Britain leave the European Union?

View Results

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As always, I would love to hear your thoughts on the subject. Please take a moment to vote and then leave a comment.

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

What's Up With Pfizer And Gold

Hello MarketClub members everywhere!

Having been born and raised in Great Britain, I occasionally look at the British newspapers for a different viewpoint on world events. I was recently surveying some of the British newspapers for news on Brexit when I came across an interesting article on research that is being done in Great Britain on Pfizer's famous blue pill.

MarketClub's Mid-day Market Report

Pfizer Inc. (NYSE:PFE): The drug Viagra could soon be used to treat hundreds of thousands of heart failure patients and even prevent fatal heart attacks, say scientists. [Read more...]

Surfing The Market's Elliott Waves Post-Fed

The Fed is completely chickening out from raising rates and all related markets are on the move. Let's dive into our options trade on the gold miners and show you where I think we're headed next.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Gold Vs. S&P 500: Fly To Safety?

Aibek Burabayev - INO.com Contributor - Metals

Chart 1. Gold Vs. S&P 500: Saucer Reversal Pattern

Gold Vs. S&P 500: Saucer Reversal Pattern
Chart courtesy of tradingview.com

The Gold/S&P 500 ratio made a new high this past February breaking above both the August 2015 and October 2014 maximums. It has finally managed to surpass the depressing red resistance. The break was strong and violent pushing the ratio from 0.51 low to 0.68 high. After it runs out of steam we always witness a pullback ( the market digests the price action), the ratio returned to the point of the break at the end of May and now is starting the next round up.

This is a very healthy market move as the price pulled back, but hasn’t broken below the starting point. The first higher high and higher lower are in place now. Once we get a new higher high, we can draw an uptrend with confirmed touch points. [Read more...]

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