German DAX has been plunging the last days in preparation to the BREXIT referendum, FOMC, Interest rate decision, bad economic data, weak jobs report USA etc. Retail most likely to also be risk averse and close their open positions due to the upcoming uncertainty and volatility that goes with it.
With current markets in turmoil I cannot see the FED making a interest rate hike within the next couple of months. If this is spoken out by Yellen today in FOMC we could see markets make a little bounce up, before the BREXIT uncertainty kicks in again.
My guess for the BREXIT vote is the outcome will be ''leave'', and in my opinion markets are waiting to crash on this news.
With current markets in turmoil I cannot see the FED making a interest rate hike within the next couple of months. If this is spoken out by Yellen today in FOMC we could see markets make a little bounce up, before the BREXIT uncertainty kicks in again.
My guess for the BREXIT vote is the outcome will be ''leave'', and in my opinion markets are waiting to crash on this news.
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Well... This played out nicely!!