Brad Alexander
FX Large Limited
Finally, we are seeing some strength in JPY.
Normally I would show you all the JPY pairs but, suffice it to say, all the charts look the same.
USDJPY has retreated from over 161 and is now down in the low 150s.
However, on Wednesday we will see the BoJ announce its policy statement and Interest Rate Decision.
If there is an Interest Rate rise it will likely only be 0.1% but no one is sure if it will happen.
Either way, watch for volatility.
Also, the Bank of England and the US Federal Reserve will announce and analysts are expecting a drop out of London so GBP may fall.
Also, watch out for the Non-Farm Payrolls and Swiss, Australian, and European CPI among others.
From the technical side, almost all metals including Gold, Silver, Platinum, and Palladium might be ready for short positions.
We are watching the upper trend lines in these bear runs and our technical indicators.
However, watch the higher time frames as well and the economic news around USD this week.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
While we may offer market commentary based on fundamental or technical analysis, we do not offer trading advice and cannot be held liable for any decisions taken by viewers and readers of our material.
Recommended Content
Editors’ Picks
EUR/USD tuns south toward 1.0800 amid US Dollar rebound
EUR/USD has turned back in negative territory, eyeing 1.0800 in the European session on Monday. The US Dollar stages a decent comeback, as risk sentiment sours amid Middle East tensions and the markets' nervousness ahead of a critical central banks' week.
GBP/USD tumbles to test 1.2800 as US Dollar finds fresh demand
GBP/USD has come under decent selling pressure, testing 1.2800 in European trading on Monday. The pair is hit by resurgent US Dollar demand, as risk sentiment dwindles, with traders turning cautious ahead of the key Fed and BoE policy decisions due later in the week.
Gold price recovery stalls near $2,400
Gold price is defending minor bids in the European session on Monday, having faced rejection above $2,400. Gold price meets renewed selling pressure from a broad US Dollar upswing but the downside appears cushioned amid escalating Middle East tensions.
Ripple update: What to expect from XRP and Ripple lawsuit this week
Ripple (XRP) extended gains by nearly 2% early on Sunday. XRP sustained above the psychological price level of $0.60 amidst the optimism of Donald Trump’s speech at the Bitcoin conference, and BTC’s recent gains.
Seven fundamentals for the week: Fed, NFP, geopolitics and lots of data promise an explosive week Premium
Time for a summer holiday? Not yet, as this week promises to be super hot in financial markets. Three central bank decisions and US jobs data – which is growing in importance as inflation fades – provide a jam-packed schedule.