Risk currencies launch a major counterattack, while safe haven currencies temporarily avoid the sharp edge

Tuesday(6month28day)The pound and euro rose as these two currencies were hit hard by the Brexit referendum results and fell sharply for two consecutive days. The market took a breather and there may be profit taking; At the same time, the market's risk aversion sentiment has been temporarily suspended, with various risk currencies rising and safe haven currencies falling.


The US dollar index fell in the late trading session0.3%, to96.220Previously, the cumulative increase on Friday and Monday was2008year9The largest in the month, as traders sought refuge in the relatively safe US dollar.





The pound has stopped falling and rebounded against the US dollar, steadily rising at a low level, although the increase is close200Point, but compared to the previous two days, the amplitude appears calm, report received1.3349It is worth noting that the candlestick chart for this day does not have a lower shadow, indicating that the intraday market is above the opening price.





The cumulative decline of the pound on Friday and Monday is1973Since the implementation of the floating exchange rate system in, the value of the UK bank stock market has evaporated by one-third in these two days of decline.


Analysts suggest that traders may take profits from short positions in the pound and euro following the UK referendum. However, the rebound is relatively mild compared to the two consecutive days of sharp decline after the referendum, and the pound is6month23On the day of the referendum, the closing price remained lower than10%。Foreign exchange gold


FX Analyticscooperative partnerDavid GilmoreIt is more likely due to technical factors, as people are taking profits. I believe that people are not buying more pounds.


The euro has stopped falling and rebounded against the US dollar. Reporting and receiving1.1053During the trading session, it broke the two-day high and did not form a downward shadow on the daily chart, but it has nearly regained about half of yesterday's losses.





The US dollar rose against the safe haven Japanese yen in the late trading session0.8%Report102.79The US dollar hit a three week high against another safe haven currency, the Swiss franc0.9837。

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