Failure is beginning to look imminent for the risk on trades. We're wrapping up a custom signal service so let us know what you'd like alerts on for free!
Cleaned up the OANDA:GBPUSD charts.
White: Weekly Levels
Orange: Daily Levels
Given dovish sentiment from the FED, short term we're long.
Given the recent pullbacks in US equities, long term we're short.
OANDA:USDCNH
$USDCNH HAS FAILED TO BREAK THE (ALL TIME) HIGHS OF DECEMBER 2016. GIVEN THE NEW CURRENCY DEAL BETWEEN CHINA & JAPAN, AND UNITED STATES STOCKS DIPPING, INVESTORS ARE FINDING OPPORTUNITIES IN ASIA
OANDA:USDJPY
With global stock markets dropping due to Fed rate hikes, Tarrifs, Brexit, and Italys stalemate, the Japan Yen is emerging favorable as a safe haven. This week BOJ announces rates and Japan releases unemployment while ADP Employment and Non Farm Payrolls are released later in the week from the United States.
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