Fundamental Analysis: -Since FOMC, the USD has been gaining strength with the projection of interest rate hikes in the near future. The CHF, considered a "safe haven currency" has maintained a low interest rate and does not have plans to increase it in the near future. This gives traders the opportunity to buy the pair. -NFP was better than expected, which is the...
Welcome to my first analysis! The pair I chose to begin with is a long/buy on USD/JPY. Fundamental Analysis: -Since FOMC, the USD has been gaining strength with the projection of interest rate hikes in the near future. The Yen has maintained a low interest rate and does not have plan to increase it. This gives traders the opportunity to buy the pair. -NFP was...
Welcome to my first analysis! The pair I chose to begin with is a long/buy on USD/JPY. Fundamental Analysis: -Since FOMC, the USD has been gaining strength with the projection of interest rate hikes in the near future. The Yen has maintained a low interest rate and does not have plan to increase it. This gives traders the opportunity to buy the pair. -NFP was...