FX Watch: GBP/JPY’s Retracement Zone Ahead Of U.K.’s Jobs Report
GBP/JPY bounced from its August lows and is approaching potential resistance areas. How can the U.K.’s upcoming jobs data affect GBP/JPY’s trend?
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The US-Iran war ran the FX show this week — rewarding the dollar and punishing energy importers, while the Aussie defied the gloom and the pound got stagflation’d. Source link
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GBP/USD Weekly Forecast: Range-Bound Ahead of Fed Cut Decisions – Forex Crunch
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week. The GBP/USD weekly forecast remains subdued as the pair consolidates near…
3 EM currency trades to consider By Investing.com
Investing.com — With the U.S. presidential election concluding, Alpine Macro (BCBA:) has suggested three emerging market (EM) currency trades, especially if the Trump administration ushers in heightened protectionism. The key pairs are shorting the Mexican peso (MXN) against the Brazilian real (BRL), the (CNY) against the Japanese yen (JPY), and the Thai baht (THB) against the…
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 159.94; (P) 161.21; (R1) 162.53; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Current development suggests that corrective rebound from 154.40 has completed with three waves up to 166.67. Deeper fall would be seen to 155.14 support next. For now, risk will stay on the downside as long…
