FX: London Session Open, June 7, 2016

by Alejandro Zambrano

Posted on June 07, 2016 at 09:37 AM

Large swings in GBP/USD as price adjusts to Brexit news; USD/JPY corrects 50% of its decline following the soft U.S NFP (38k vs. the 160k expected).  EUR/USD trades sideways, while the Aussie Dollar gains as the RBA are less dovish than expected.

About the Author

Alejandro Zambrano

Alejandro Zambrano combines extensive professional experience and a common-sense attitude to offer LondiniumFX members a strategy that focuses on making fewer, smarter trades and building members’ understanding of the markets and the rationale behind investing. He is also the Global Chief Market Analyst with InvestingCube.com and ATFX UK. Before founding LondiniumFX in 2016, Mr. Zambrano was Head Analyst at FXCM’s London desk.