The selloff of the stock market continues, bearish rumors for gold, levels for USD ahead of NFP, a preview of the rate statement by the Reserve Bank of Australia, and our trade results of June…
USD/JPY: forecast for Sep. 25-29
Last week USD/JPY managed to recover to 112.70. Sharp divergence between the US and Japanese monetary policy gave the pair reasons for growth. The US Federal Reserve signaled that it was still on track to raise interest rates by the end of the year, while the Bank of Japan maintained its extremely loose policy. In addition, there are expectations that Japanese Prime Minister Shinzo Abe will call a snap election next month to strengthen his power base. As his policies weaken the yen, this has a positive impact on USD/JPY.
Reasons behind the USD's advance, the earnings season in the United States, the outlook for EUR, JPY, Apple, Amazon, and more in this video!
This week, we will continue monitoring the developments in the stock and commodity markets as tensions between Ukraine and Russia and Fed’s tightening cycle remain the main issues driving the markets.
Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.