
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
The British pound lost his positions comparing to the US dollar, Euro, and other haven assets at the beginning of this week, because of the global markets sale. Investors realized that the pandemic is entering the next stage of the virus so-called Covid Delta. GBP dropped on the same day the country saw all restrictions eased. Investors are concerned about the future of the UK, despite the fact it is one of the most inoculated countries. These facts dropped the Pound-to-Dollar to the lowest level since February.
The British Pound dropped hard comparing to the haven currencies. It trades better against the basket of currencies, such as the Australian, New Zealand, and Canadian Dollars as well as Emerging Market currencies. This is because these so-called commodity currencies and high-yielding currencies tend to display greater sensitivity to the sentiment of investors.
In this way, the perspective of global currencies depends on how long investors are going to concern about the Covid strain.
GBPUSD Daily chart
On the daily chart GBPUSD, the price broke through the 200-day moving average line. The next target is the support level at $1.34, which is the 38.2 Fibonacci level. In case the price breaks this level, it will drop to $1.315, which is the crosspoint of 100 and 200 weakly moving averages.
The GBPAUD is trading in the rising channel. At the moment the price is testing the 50-period moving average. If the price breaks this support, it will drop to $1.85, $ 1.844 support lines. On the contrary, if it stays above the bottom line of the channel it will raise to the $1.866.
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later