Pound Sterling Struggles Against US Dollar as Investors Anticipate Key UK Employment Data

Economic

Summary:

The Pound Sterling remains under pressure against the US Dollar as investors await key economic data this week, including the UK labor market report and the US inflation figures.

SELL GBPUSD

EXP

PENDING

1.28900

Entry Price

1.27350

1.30000

1.26831 -0.00245 -0.19%

Pips

PENDING

1.27350

Exit Price

1.28900

Entry Price

1.30000

The Pound Sterling (GBP) faced notable weakness against the US Dollar (USD) in Monday’s London trading, dropping to near the 1.2900 level. This decline came as the US Dollar continued its Friday recovery, with a marked uptick in the US Dollar Index (DXY), which measures the currency’s strength against a basket of six major peers, climbing above 105.30. The market movements are largely driven by growing expectations of a shift in US fiscal policies and the anticipation of crucial economic reports this week, particularly the October US inflation data and UK labor market figures for the three months ending September.

The Greenback’s strength has been attributed to mounting expectations for increased investment and government spending in the United States, bolstered by speculation that the Republican Party will soon take control of both the Senate and the House of Representatives. Should this come to pass, it would pave the way for faster implementation of policies under the Trump administration, including higher import tariffs and tax cuts. While such changes would likely increase the US fiscal deficit, they could also contribute to inflationary pressures, prompting the Federal Reserve (Fed) to adopt a more restrictive stance on monetary policy.

However, despite this growing fiscal optimism, Fed Chair Jerome Powell tempered expectations of any imminent shift in the central bank’s policy framework. Last Thursday, the Fed reduced interest rates by 25 basis points to a target range of 4.50%-4.75%, underscoring its cautious approach to monetary easing. Powell’s remarks pushed back against the notion that fiscal changes would lead to an immediate tightening cycle.

This week, investors will closely monitor speeches from various Fed officials on Thursday, as well as the highly anticipated US Consumer Price Index (CPI) data for October, due for release on Wednesday. The CPI report is projected to show a slight acceleration in annual headline inflation, rising to 2.6% from 2.4% in September. Core inflation, which excludes food and energy prices, is also expected to show a steady increase of 3.3%. These data points will play a crucial role in shaping market expectations for the Fed’s actions in its December meeting.

The Pound Sterling is taking a more cautious stance on Monday, with its performance against major peers remaining muted as investors await the release of the UK’s labor market data for the three months ending September. The report, set for publication on Tuesday, is expected to provide valuable insights into the health of the UK economy and could have significant implications for the Bank of England’s (BoE) monetary policy decisions in the coming months.

Analysts are predicting that the UK unemployment rate has risen to 4.1% from 4.0% in the previous quarter, marking a slight uptick in joblessness. Of equal importance to investors will be the Average Earnings data, a key indicator of wage growth, which influences consumer spending and overall inflation. Higher wage growth has been a significant contributor to inflationary pressures, especially in the services sector, which is closely scrutinized by BoE officials when setting interest rates.

In particular, economists anticipate that Average Earnings Excluding Bonuses grew by 4.7% in the three months to September, slower than the previous reading of 4.9%. A softer pace of wage growth could strengthen market expectations for further interest rate cuts by the BoE, as it would signal a potential easing of inflationary pressures in the services sector. Conversely, higher wage growth figures would likely dampen expectations for cuts, as it would imply persistent inflationary risks.

The BoE made its most recent policy move last week, lowering interest rates by 25 basis points to 4.75%, in line with market expectations. In his accompanying remarks, BoE Governor Andrew Bailey suggested that the central bank would continue to take a measured approach to monetary easing, emphasizing the importance of bringing inflation down sustainably to its 2% target. The outcome of the labor market data will likely shape market expectations for the BoE’s December meeting, as further signs of economic cooling may prompt a more aggressive policy shift.

Technical Analysis

From a technical perspective, the GBP/USD currency pair has shown clear signs of bearish momentum. Following a failed attempt to breach the 1.3000 level last Friday, the pair has retreated and is now targeting the first key support at 1.2866. Should the price break through this level, the next significant target would be 1.2735, indicating further downward correction.

The bearish outlook remains intact, supported by the Exponential Moving Average (EMA) 50, which indicates a prevailing downtrend. A break and sustained move above 1.3000 would be required to negate this bearish bias and open the door for a potential bullish reversal. For now, traders will be watching the price action closely, with an expected range for today between 1.2830 (support) and 1.2990 (resistance).

TRADE RECOMMENDATION

SELL GBPUSD

ENTRY PRICE: 1.2890

STOP LOSS: 1.3000

TAKE PROFIT: 1.2735

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Warren Takunda

Commodity

Summary:

Gold prices (XAU/USD) continue to fall for the second consecutive day as the U.S. Dollar (USD) remains bolstered by optimism around President-elect Donald Trump's proposed economic policies and anticipation of further U.S. rate hikes.

SELL XAUUSD

Close Time

CLOSED

2665.00

Entry Price

2400.00

2715.00

2561.06 -11.63 -0.45%

490.8

Pips

Profit

2400.00

2615.92

Exit Price

2665.00

Entry Price

2715.00

Gold prices (XAU/USD) slipped lower for the second consecutive day on Monday, as the U.S. Dollar's strength, driven by market optimism surrounding President-elect Donald Trump’s economic policies, continued to exert downward pressure on the precious metal. After closing the prior week with significant losses, gold is struggling to recover its footing amid a confluence of factors that favor the dollar over safe-haven assets like gold. These factors include expectations for less aggressive Federal Reserve rate cuts, elevated U.S. bond yields, and strong investor interest in U.S. equities.

The Trump administration’s expected economic approach, often dubbed “Trump trade optimism,” has buoyed the dollar, driving it close to a four-month high. Markets are betting on policies that favor fiscal stimulus, infrastructure spending, and trade protectionism, all of which tend to boost U.S. economic growth and inflation expectations. As a result, the dollar has become increasingly attractive to investors, undermining the demand for gold, which traditionally performs well when the dollar weakens.

Gold’s sensitivity to rising bond yields has further compounded its downward trajectory. With bond yields elevated in response to anticipated inflation, investors are showing preference for yield-bearing assets over gold, which does not offer a yield. Notably, Trump’s campaign pledge to impose a 10% tariff on all U.S. imports is expected to fuel inflationary pressures, which would restrict the Federal Reserve’s ability to cut rates aggressively—a situation that further supports high bond yields and reduces the allure of non-yielding assets like gold.

The Federal Reserve’s recent 25 basis point rate cut, combined with forward guidance indicating a cautious approach to further easing, also plays a pivotal role in gold’s outlook. While the market has priced in a 65% probability of another cut in December, the Fed has signaled it will only proceed with additional rate reductions if inflation remains persistently below its 2% target. This measured approach has fortified investor confidence in the dollar, given that a robust U.S. economy could limit the scope of rate cuts. Minneapolis Fed President Neel Kashkari’s recent comments emphasized that the Fed seeks more evidence of inflation reaching 2% before adjusting rates further, underlining a “wait-and-see” policy that strengthens the dollar at gold’s expense.

Investors are approaching this week with caution as key economic data releases and Fed communications loom. Scheduled for release on Wednesday, the U.S. Consumer Price Index (CPI) is a critical inflation metric that could influence the Fed’s stance on rates. Subsequent data on the Producer Price Index (PPI) and retail sales, set for Thursday and Friday respectively, are also expected to provide insights into inflation trends and consumer spending, shaping investor expectations for future Fed actions.

Market participants are additionally focused on comments from several Federal Reserve officials, including Fed Chair Jerome Powell, who is slated to speak later in the week. These speeches are likely to offer further guidance on the rate-cut outlook and could spur volatility in both the dollar and gold. The potential for hawkish remarks, suggesting a more restrained approach to future rate cuts, could reinforce dollar strength and maintain the pressure on gold.

The broader context of Trump’s trade policies adds another layer to the narrative. By promoting protectionist measures, the Trump administration risks exacerbating global trade tensions, which could disrupt global markets. If implemented, these policies could lead to restrictive trade practices worldwide, negatively impacting economic growth but potentially lending some support to gold as a safe-haven asset. However, any potential gold rally may be short-lived, as robust dollar sentiment would likely counterbalance such support.

Technical Analysis

From a technical standpoint, gold's decline appears set to continue, with bears maintaining control over the market. On Monday, gold successfully tested the $2,675.00 level, closing below it during the first four-hour session of the day—a bearish sign that suggests further downside potential. This move positions gold for a potential test of the $2,640.00 mark as the next support level ,then potentially test $2,400.

Technical indicators, including the 50-day Exponential Moving Average (EMA), apply sustained negative pressure on gold, bolstering bearish sentiment. This trend is likely to persist unless gold breaks above the $2,696.85 threshold, which would signal a potential shift back towards a bullish outlook and suggest that the current downward correction may be over. However, in the absence of a decisive break above this resistance level, gold remains poised for continued weakness in the coming sessions.

The anticipated trading range for today places support at $2,650.00 and resistance at $2,685.00, with the prevailing forecast biased towards a bearish trend.

TRADE RECOMMENDATION

SELL GOLD

ENTRY PRICE: 2665

STOP LOSS: 2715

TAKE PROFIT: 2400

Risk Warnings and Disclaimers

Add to Favorites

Adam

Forex

Summary:

The market is under pressure from economic fundamentals, including a weakening Canadian Dollar (CAD) due to lower oil prices and a steady rise in the Swiss Franc (CHF). The downtrend could continue if technical indicators confirm sell signals...

SELL CADCHF

Close Time

CLOSED

0.62852

Entry Price

0.62700

0.63000

0.63335 +0.00056 +0.09%

14.8

Pips

Loss

0.62700

0.63105

Exit Price

0.62852

Entry Price

0.63000

On November 8, 2024, the CAD/CHF pair was trading around 0.62852, with an intraday high of 0.62868 and a low of 0.62823. The CAD’s weakness was largely driven by a sharp drop in crude oil prices, one of Canada’s main exports, on concerns about slowing global demand. At the same time, the CHF has maintained its status as one of the top safe-haven assets amid global economic uncertainty, especially as investors seek stability in haven assets like the Franc.

In addition, the Swiss National Bank (SNB) has maintained a cautious monetary policy with negative interest rates, but the strength of the Swiss economy has helped the CHF maintain its strength against other currencies. This has put pressure on the CAD/CHF pair as the contrast in economic outlooks between the two countries becomes more pronounced.

Market psychology

The current market sentiment on the CAD/CHF pair shows pessimism about the outlook for the CAD in the short term. According to data from Forex Sentiment, more than 60% of investors are shorting the pair, indicating a belief that the downtrend will continue as oil prices show no signs of recovery and the Canadian economy faces many challenges.

The Fear and Greed Index shows that market sentiment is tilted towards fear as investors seek safety in safe-haven assets such as the CHF and gold. This adds to pressure on the CAD as capital continues to flow out of risk assets such as stocks and commodity currencies.

Large investors are also adjusting their positions by selling off the CAD and moving into safer assets such as CHF and Swiss government bonds. This suggests that the CAD/CHF downtrend may continue unless there are positive changes in the Canadian economy or a recovery in oil prices.

Technical analysis

On the M15 chart of CAD/CHF, we can see some important technical signals from indicators such as Bollinger Bands, Ichimoku Kinko Hyo and Stochastic.

Bollinger Bands show that the current price is hovering near the middle band of the indicator at 0.62852, signaling that the market is in a consolidation phase after the previous sharp decline. The current Bollinger Bands are quite narrow, indicating low volatility and a high possibility of a breakout from the current price range if the trading volume increases in the coming hours.

Ichimoku Kinko Hyo also provides a negative signal as the price is currently below the Ichimoku cloud, indicating that the downtrend is still strong in the short term. The Tenkan-sen and Kijun-sen lines are both above the current price, further reinforcing the bearish signal. However, it should be noted that the front Ichimoku cloud is quite thin, which warns that if the price fails to break below the support zone around 0.62770 – 0.62800, a slight upward correction is entirely possible.

Stochastic is currently hovering around 89.45 on the M15 timeframe, indicating a short-term overbought signal and a possible downside correction if the indicator turns lower below 80 in the coming hours.

Trading Recommendations

Based on technical analysis and current market situation:

Entry: Consider entering a SELL order around the current price of 0.62852 if price fails to break above the resistance at the 0.62900 – 0.62950 zone.

Take Profit: Set a target to take profit at the nearest support zone around 0.62700 or deeper at 0.62650 if the downtrend continues.

Stop Loss: Place stop loss above the important resistance level at around 0.63000 to protect the position.

Risk Warnings and Disclaimers

Add to Favorites

Adam

Forex

Summary:

The market is closely watching economic factors from both the UK and Japan, with monetary policy from the Bank of England (BoE) and the Bank of Japan (BoJ) playing a key role in shaping the direction of the pair...

BUY GBPJPY

Close Time

CLOSED

197.296

Entry Price

198.500

196.800

197.797 +0.230 +0.12%

49.6

Pips

Loss

196.800

196.799

Exit Price

197.296

Entry Price

198.500

On November 8, 2024, the GBP/JPY pair was trading around 197.296, with an intraday high of 197.365 and a low of 197.272. The pair had a slight correction in the previous sessions, but is now showing signs of recovery as the price hits a key support zone around 197.00 – 197.10. This recovery is mainly due to expectations that.

The Bank of England (BoE) will maintain its loose monetary policy to support the UK economy, especially after recent economic data showed signs of weakness in the services and manufacturing sectors.

Meanwhile, the Bank of Japan (BoJ) has maintained a cautious stance on raising interest rates due to concerns about the negative impact on the Japanese economy. This has caused the Japanese Yen to continue to weaken against other currencies, including the British pound. Investors are now focusing on upcoming economic indicators from both countries to determine the next direction of the GBP/JPY pair.

Market psychology

Investor sentiment on the GBP/JPY pair is currently tilted to the positive side after the price found strong support in the 197.00 – 197.10 zone. According to data from the foreign exchange market, about 58% of investors are holding long positions on the GBP/JPY pair, indicating expectations that the recovery may continue in the short term. The weakening of the Japanese Yen due to the BoJ’s monetary easing policy also contributed to the positive sentiment on the pound.

The Fear Greed Index shows that market sentiment is neutral, with investors not overly concerned about risks but not entirely optimistic about the pair's long-term prospects. Global economic uncertainty and geopolitical risks remain factors that keep market sentiment cautious.

Additionally, trading data shows that buying volumes have increased significantly in recent hours as prices hit key support levels, further bolstering the belief that the uptrend could continue absent any major changes from the BoE or BoJ.

Technical analysis

GBP/JPY Tăng Nhẹ: Xu Hướng Tăng Có Tiếp Tục?_1

On the M5 chart of GBP/JPY, we can see some important technical signals from indicators such as Bollinger Bands, Ichimoku Kinko Hyo and Stochastic.

Bollinger Bands show that the current price is hovering near the middle band of the indicator at 197.296, signaling that the market is in a consolidation phase after the previous downward correction. The current Bollinger Bands are quite narrow, indicating low volatility and a high possibility of a breakout from the current price range if the trading volume increases in the coming hours.

Ichimoku Kinko Hyo also provides a positive signal as the price is currently above the Ichimoku cloud, indicating that the uptrend is still strong in the short term. The Tenkan-sen and Kijun-sen lines are both below the current price, further reinforcing the bullish signal. However, it should be noted that the front Ichimoku cloud is quite thin, which warns that if the price falls below the support zone around 197.00 – 197.10, the downtrend may resume.

Stochastic is currently hovering around 57.38 on the M5 timeframe, indicating a neutral signal with a slight upside potential in the short term if the indicator breaks above 60 in the coming hours. However, if Stochastic falls below 50, the possibility of a downside correction is higher.

Trading Recommendations

BUY trade recommendation based on technical signals showing a recovery from the recent downside correction as GBP/JPY has found strong support in the 197.00 – 197.10 zone and the Japanese Yen continues to weaken due to BoJ’s easing monetary policy.

Entry: Consider entering a BUY order around the current price of 197.296 if price continues to hold above the important support zone around 197.00 – 197.10.

Take Profit: Set a take profit target at the nearest resistance zone around 198.00 or deeper at 198.50 if the uptrend continues.

Stop Loss: Place stop loss below the important support level at around 196.80 to protect the position.

Risk Warnings and Disclaimers

Add to Favorites

Eva Chen

Forex

Central Bank

Summary:

The Japanese yen continues its downward trend following Trump's election victory

BUY USDJPY

EXP

TRADING

152.675

Entry Price

158.230

150.000

155.946 +0.481 +0.31%

0.0

Pips

Flat

150.000

Exit Price

152.675

Entry Price

158.230

Fundamentals

USDJPY dropped below 153.00 last Friday, with the rally momentum abruptly halting. Japanese verbal interventions and risk-averse sentiment outpaced optimism surrounding Donald Trump's election victory and the post-FOMC dollar rally, leading to renewed selling pressure on the pair.

However, Japan's September data showed real wages and household spending declining for the second consecutive month, which may dampen inflation expectations and delay the Bank of Japan's (BoJ) interest rate hike plans. This, combined with Japan's domestic political situation and broader risk sentiment, may limit any substantial recovery in the yen.

Data released by the Japanese government on Friday showed that household spending in Japan declined for the second consecutive month in September, as rising prices dampened consumer willingness to spend. This serves as a discouraging sign for the BoJ's plans to implement further rate hikes.

Specifically, household spending dropped 1.1% year-on-year, slightly better than the market forecast of a 2.1% drop. On a seasonally adjusted basis, it declined by 1.3%, compared to the market forecast of a 0.7% drop.

Japanese officials noted that consumers are likely to continue cutting back on food spending, opting for cheaper alternatives like chicken over beef, while saving more of their income. Average consumer spending from July to September dropped by 1.0% compared to the same period last year.

Market Outlook: Data released on Thursday for September wages showed that although nominal wages increased and consumer inflation eased, real wages (adjusted for inflation) declined for the second consecutive month.

Consumption experienced a one-time surge but is unlikely to last long, driven by high living costs and a deeply ingrained tendency to save. Trends in consumption and wages are among the key factors monitored by the BoJ to assess the strength of the world's fourth-largest economy and to determine the timing of interest rate hikes.

With Trump elected as the next US president, the yen has weakened further, which could impact consumption by driving up import prices. If the yen's depreciation accelerates, the BoJ might face increasing pressure to raise rates.

Japan's preliminary GDP for Q3 (July-September) will be released next Friday. Market expectations suggest a significant slowdown in the economy due to weak consumer spending and capital expenditures.

Uptrend Likely to Resume as Market Pullback Near Key Support_1

Technical Analysis

USDJPY has experienced a pullback after it surged to a three-month high of 154.71. The pair has now broken below the support levels of 5-day and 10-day SMAs, suggesting that the bears may test the 20-day SMA at around 151.78, which could act as a solid support level for a further rise. If the price falls below 151.27, it could signal an early reversal.

On the upside, a break above 154.70 would resume the upward movement, targeting the 61.8% Fibonacci retracement of the move from 139.57 to 141.63. The next key resistance zone would be between 158.50 and 159.40, followed by the 1990 high at 160.40.

Overall, the earlier breakout in USDJPY suggests increased potential for upward movement despite the recent pullback. To maintain the bullish trend, the bulls will need to clear resistance around 154.00.

Trading Recommendations

Trading Direction: Buy

Entry Price: 151.78

Target Price: 158.23

Stop Loss: 150.00

Valid Until: Nov 23, 2024 23:55:00

Support: 151.78, 151.27, 150.71

Resistance: 153.03, 154.71, 155.26

Risk Warnings and Disclaimers

Add to Favorites

Alan

Forex

Central Bank

Summary:

The October CPI data of Switzerland fell short of expectations, indicating economic stress and increasing the likelihood of a rate cut by the Swiss National Bank. Meanwhile, the Bank of Japan maintains its interest rates steady, but market anticipation for a Japanese rate hike persists, potentially bolstering the yen's strength.

SELL CHFJPY

Close Time

CLOSED

174.908

Entry Price

164.700

177.500

175.733 +0.273 +0.16%

21.8

Pips

Profit

164.700

174.690

Exit Price

174.908

Entry Price

177.500

Fundamentals

Switzerland:

On November 1st, Switzerland's October CPI was released, showing a 0.1% MoM decrease and an annual growth rate of only 0.6%, below the Swiss National Bank's forecast of average 1.0% inflation for Q4.

The subpar inflation figures reflect certain pressures on Swiss economic growth, reinforcing the necessity for the Swiss National Bank to expedite the pace of rate cuts. Market expectations for a 50 bps rate cut by the Swiss National Bank in December are rising.

Additionally, the Swiss National Bank President indicated that further rate reductions may be necessary in the coming quarters to maintain price stability. The Vice President even suggested that, under certain conceivable scenarios, rates could be adjusted to negative territory.

Japan:

On October 31st, the Bank of Japan kept rates unchanged in its latest interest rate decision. However, the market widely anticipates that the Bank of Japan will raise the benchmark rate from the current 0.25% to around 1% before the end of the fiscal year in March 2026. Currently, a rate hike in January next year has become a general bet. Should the Bank of Japan raise rates, it would enhance the yen's appeal, potentially leading to a relative appreciation of the yen and affecting the CHFJPY exchange rate.

Overall, expectations for rate cuts by the Swiss National Bank are increasing, as are expectations for rate hikes by the Bank of Japan. In the short term, CHFJPY is bearish.

Technical Analysis

Bearish on CHFJPY Due to Increasing Expectations for Japanese Rate Hike_1

In the daily chart, CHFJPY has maintained a strong upward trend since mid-September and throughout October. However, recent price action suggests a waning in upward momentum. The short-term upward trend line on the daily chart has been breached. Concurrently, the daily chart has formed an irregular head and shoulders top pattern. This indicates that the price may be reaching a short-term peak. Market sentiment is gradually shifting to the bearish side.

We believe that CHFJPY may be inclined to decline in the short term, with the first target at 172.50. Should the asset price continue to decline, it could potentially set a new low since September, transitioning from a short-term decline to a medium-term one.

In conclusion, traders are advised to go short on CHFJPY at highs.

Trading Recommendations

Trading Direction: Sell

Entry Price: 175.10

Target Price: 164.70

Stop Loss: 177.50

Deadline: November 22, 2024, 15:00:00

Support: 174.00/172.39/171.12

Resistance: 176.65/177.28/180.00

Risk Warnings and Disclaimers

Add to Favorites

Winkelmann

Forex

Summary:

The Federal Reserve took a dovish step but with a hawkish tone and Trump won the election, which boosted the U.S. dollar and increased downward pressure on the euro.

SELL EURUSD

Close Time

CLOSED

1.07770

Entry Price

1.06000

1.08800

1.05473 -0.00162 -0.15%

177.0

Pips

Profit

1.06000

1.05996

Exit Price

1.07770

Entry Price

1.08800

Fundamentals

This week saw a flurry of major events overshadowing even the Fed meeting. Despite a scheduled 25 basis points rate cut, the U.S. economy maintained its resilience. The Fed removed language regarding progress in inflation, instead acknowledging it remained elevated. This slightly hawkish stance suggested to market investors that the Fed would have to slow its easing pace.

Simultaneously, Donald Trump's victory in the presidential election and his tariff policies may fuel inflation and keep rates higher for longer, propelling the U.S. dollar to near 105.5, and weighing on non-U.S. currencies including the euro. Moreover, Trump's potential continuation of pronounced trade protectionist policies threatens Europe, exacerbating economic woes there. Consequently, risks of further ECB rate cuts are rising, casting doubt over the euro's outlook.

Technical Analysis

Trump Trade Still in Play, Dragging on the Euro _1

In the 4H chart, EURUSD oscillated downward, and Trump's victory accelerated the decline. Despite some rebounds, EURUSD will depreciate further in the medium term, heading towards support at 1.06.

It is better to sell EURUSD at highs. Aggressive investors should sell the pair now or when EURUSD rebounds to 1.08. The short-term target price is 1.06, where support stays, and the stop-loss should be set at 1.087.

Trading Recommendations

Trading direction: Sell

Entry price: 1.08

Target price: 1.06

Stop loss: 1.088

Support: 1.060/1.077

Resistance: 1.087/1.092

Risk Warnings and Disclaimers

Add to Favorites

Daily News

Remarks of Officials

Central Bank

Forex

FastBull Events

FastBull Featured

Devin

Mohammad Omar

Recent Searches

Top Searches

Markets

News

Analysis

User

24/7

Economic Calendar

Education

Data

Pound Sterling Struggles Against US Dollar as Investors Anticipate Key UK Employment Data

Gold Prices Continue Downtrend Amidst Strong USD and Trump Trade Optimism

Technical Analysis

CAD/CHF: Downtrend Continues?

Market psychology

Technical analysis

Trading Recommendations

GBP/JPY Slightly Up: Will the Uptrend Continue?

Market psychology

Technical analysis

Trading Recommendations

Uptrend Likely to Resume as Market Pullback Near Key Support

Fundamentals

Technical Analysis

Trading Recommendations

Bearish on CHFJPY Due to Increasing Expectations for Japanese Rate Hike

Fundamentals

Technical Analysis

Trading Recommendations

Trump Trade Still in Play, Dragging on the Euro

Fundamentals

Technical Analysis

Trading Recommendations

Risk Disclosure