GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
USD/JPY will move on the FOMC meeting
Information is not investment advice
The meeting of the Federal Reserve at 21:00 Mt time will be the highlight of the day. There is a very high possibility that the event will make an impact on USD/JPY. The pair has opened with a gap down this week but got support around 108.90/70 (50-week MA, 100-day MA). However, on the D1, the 50-day MA has limited the recovery. The Awesome Oscillator on the D1 is negative, so USD/JPY may retest the 108.70/50 area. The next support will be at 108.05. The USD will slide if the Fed mentions the coronavirus. On the other hand, an advance above 109.30 will give the pair a boost towards 109.70.
Trade ideas for USD/JPY
BUY 109.35; TP 109.70; SL 109.20
SELL 109.05; TP 108.75; SL 109.20
Elizabeth Belugina
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GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Levels to trade USD/MXN
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
GBP/USD tests the downside
GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950.
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