USD / JPY:
Japan national base index of the consumer prices (y / y), was -0.5% in July, with forecasts of -0.4%. The base consumer price index in Tokyo (y / y), was 0.4%, the forecast of -0.3% in August.
Volatility for the pair USD / JPY remains very low- most of the participants are out of the market in anticipation of Yellen speech. In the current situation, buyers and sellers are in balance, the price is around the middle level of the channel 100.30-100.40. After today weak statistics data, there was a small probability of correction upwards, on expectations of new stimulus measures by the Bank of Japan. Nevertheless, exit of the consolidation is based on Yellen performance and much will depend on its words. Current recommendations - out of the market.
AUD / USD:
The pair continues to consolidate in a narrow range 0.7600-0.7650. The situation is not clear- breaking from consolidation can be in any direction. We tend to think that before AUDUSD test the key level of 0.7660 the pair will drop down to levels 0.7500-0.7550. What might be a good opportunity for longs . Current recommendations - out of the market.
NZD / USD:
The pair NZD / USD is continuing a slow but steady growth moving along a rising trend line. In NZD/USD market bulls have moved the price above the key resistance level 0,7300-0.7314. However, there was not confirming settlement signal still, we do not exclude a pullback on volatility. Recommendations - keep an eye on the market to enter longs with short stops as market pullbacks below, only after the main news event of the day.
Read the full review on our site:
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications