UBS suggests 4 forex trades amid market volatility

Better-than-anticipated retail figures and unemployment claims data released yesterday have strengthened the argument against aggressive Federal Reserve rate reductions. The market’s remaining expectation of a 14bp cut in September is likely to diminish, further pressuring the EUR/USD exchange rate. Separately, the upcoming Japanese election on Sunday presents a potential catalyst for USD/JPY to surpass the…

The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY mirrors USD/JPY’s movements, with resistance at 163.50 and the potential for a 200-pip rally if it…

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Deriv, a leading online broker with 25 years of experience in the financial industry, recently launched its groundbreaking Tactical Indices, a game-changing new asset class that empowers traders to access sophisticated trading strategies without the hassle of manual rebalancing. This launch further solidifies Deriv’s position as an industry innovator, consistently delivering cutting-edge solutions to meet…