The greenback is lower vs the EUR, GBP, JPY and CHF, unchanged vs the AUD …
Cable has clocked a fresh five-month low at 1.3347, while GBPJPY has posted an 11-week low at 146.28 ... which has in fact held up much better versus the euro and other currencies. Stock market sell off continued in Europe. Risk aversion …
The stock markets are a good barometer of where risk appetite is going, because …
In forex, liquidity relates to supply and demand, so major pairs such as GBP/USD are less volatile than exotics such as GBP/JPY because these currencies ...
The deep pullbacks are clearly visible and the angle of the trend is shallow compared to that of the GBPJPY. The final chart is the daily chart of the stock of AMAT which is very much in a slow moving wave structure when compared to NVDA. …
The Bounce: A Look At GBP/JPY Reverberations in the U.S. Dollar are causing buying ... in line with the path implied by the market interest rates; the stock of purchased assets would remain at 375Bn, and the price of oil would rise to …
Ultimately, this pair is highly sensitive to what’s going on in the risk appetite of traders around the world, so pay attention to stock markets and of course …
The stock markets a course have their influence on the pair also, considering that the market has such a high correlation to risk appetite. I think that the 150-level underneath is the “floor” in the market, and perhaps even the previous uptrend line ...
I've written quite a lot on forex trades that I see as having a significant trend emerging. The most recent one was a long GBP/JPY position ... "Margin of Safety" Just like stock traders don't want to buy at the top and instead have a "margin …