Brexit has happened. Now what?

Brexit has happened. Now what? The volatility seen last week was incredible, and leading into the referendum of whether the UK should leave or not, we quietly generated 965 pips on the USDJPY, CHFJPY, EURJPY & AUDJPY signals, as well as 1,850 pips on a Gold signal.

The shock was widespread felt throughout financial markets and the volatility is by no means over. Now that we know what the facts are, we’re seeing a continuation of “risk off” with flights to safe havens and selling off weaker and/or riskier currencies. You could say that as Britain deals with nationwide confusion, division and “bregret”, the markets are all heading for their own exits… but how long will this last?

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And to make things even more complicated, the financial authorities of Japan held an emergency meeting this weekend considering what to do with their Yen, including possible intervention to try and halt the strengthening of their currency…. Then you’ve got the Federal Reserve which continues to sit on their hands with rates keeping the US$ stagnating but still arguably, the world’s most powerful currency with a strengthening economy.

In summary, the markets are more complicated than ever before with uncertainty sweeping the globe… and that’s where we come in. If you’re not a member yet, trial our signals for 15 days and get real-time, actionable signals delivered straight to your inbox and by notifications to your mobile device via our app – http://www.traderselite.com/special

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