best forex broker awards

Just2Trade, a leading financial company for private investors worldwide, has won the Best Multi-Asset Broker // Asia– 2021 award. The award was given to Just2Trade during this year's BrokersShow in Taiwan on April 24, 2021. This year the popular exhibition was held online due to the Covid-19 pandemic, with more than 50,000 visitors. The event was not only a cloud event to facilitate communication between the financial industry platform and investors during the pandemic, but also an investigation and evaluation of the comprehensive strength of major brokers.   Just2Trade is part of a global financial group run by veterans of the modern financial industry, offering services to private investors since 1994. The Group’s companies are authorized and strictly regulated in the EU, US and Russia.  Just2Trade has worked with Asian customers since 2011.  Currently, the company has over 155,000 customers in 130 countries and is headquartered in Limassol, Cyprus.   The high award for Just2Trade’s operations reflects the Company’s unique services for private investors. Just2Trade’s key product – the MT5 trading platform  – provides customers with direct access to 20 major global exchanges and has a truly unique range of financial instruments – over 128,000 trading products, including forex, stocks, bonds, futures, options and cryptocurrency.   Compared to its competitors, Just2Trade not only has a unique basket of tradable instruments but also affords customers a choice of several trading platforms. Aside from MT5, the Company also offers the MT4, CQG and ROX platforms to its customers. Thanks to its state-of-the-art technological infrastructure, the Company is able to provide its services to customers with rock-bottom fees and maximum liquidity.  “Users have high expectations when it comes to service quality, especially for brokers like us with a history of more than 25 years. It is a challenge to meet these expectations” – says Anton Tishenko, Just2Trade’s Asia Business Development Director. More information about award for Just2Trade - click there.

Blockchain technology is changing the world, even though many people still see it just as a speculative novelty, and that making the decision to buy bitcoin is still safer and more profitable in the long term. Indeed, it is impossible to deny the impact of cryptocurrencies in the social environment and philanthropy, especially when looking at several projects that receive donations of digital coins. Elongate is one of the new projects that want to use blockchain technology to impact the lives of millions of people worldwide, providing a gateway between cryptocurrency donations and charities in need. In this article, you will discover the features and advantages of the Elongate project and its native token. Is There Any Affiliation Between Elongate and Elon Musk? Billionaire and tech industry entrepreneur Elon Musk is responsible for several recent events that led the crypto market to ups and downs, which includes Tesla's acquisition of US$1.5 billion worth of Bitcoin in early 2021. Plus, the eccentric billionaire caused a major impact on the market sentiment around Dogecoin, which led the meme coin to a major price appreciation and a record-breaking market cap, taking the cryptocurrency price to new heights. However, even though Musk is indeed an enthusiast of cryptocurrencies, as demonstrated in his social media recently, there is no affiliation between him and the Elongate project. Elongate Crypto - What Is It? Elongate is a crypto-based project that began as a parody of Elon Musk's tweet referencing the Watergate Scandal published on March 25, 2021. Once the idea became public, the project managed to reunite an active community with over 100k holders with the same purpose in mind. Hence, their main purpose behind the idea is to wield the power and capital of memes and internet culture to change the way people do charity. So far, the project has raised over US$1,000,000 for charity causes. Thus, the project pledges to give back 80% of all income generated to charity, putting a lot of effort into becoming the ultimate combo between philanthropic initiatives and cryptocurrencies. The project's native token, $ElonGate, is a high-yield deflationary cryptocurrency on the Binance Smart Chain. $ElonGate holders will be rewarded with transaction fees (10%), while a good sum of the collected fees will be also donated to charity. Explaining the ElonGate Token The Elongate coin ($ElonGate) is a BEP20 token issued on the Binance Smart Chain. The token has a total fixed supply of 1 Quadrillion tokens, so it will not be a problem for investors to acquire it. Initially, a pre-sale campaign was hosted by DxSale, a well-known cross-chain token management platform. Subsequently, the initial $ElonGate liquidity pool has been locked under DxSale's unique DeFiLaunch Certified Liquidity Locker to ensure the community's assets security. Out of Ethereum - Explaining the Binance Smart Chain Different from many projects launched in recent times, the project opted to structure its idea using the Binance Smart Chain instead of the Ethereum Network. For those unaware, the Binance Smart Chain (BSN) is a blockchain network that works in parallel to the Binance Chain. Hence, the Binance Smart Chain has exclusive features, such as offering EVM compatibility and smart contract functionality. Most importantly, the Binance Smart Chain offers interoperability, which means users can invest/trade in the network using their Ethereum-based wallets. Also, a great advantage of the Binance Smart Chain is that, in terms of transaction fees, the experience is much more affordable when compared to the Ethereum Network. Elongate Crypto - The Latest News Throughout several weekly live broadcasts, called charity parties with its close-knit community of investors, Elongate has donated funds to various charity organizations, including Children International, Action Against Hunger, and The Ocean Cleanup. On April 4, the Children International accepted the first donation of US $ 75,000, an amount that increased to US$325,000 at Elongate's latest fundraiser on April 18. Meanwhile, the entities Action Against Hunger and The Ocean Cleanup received a total of US$ 250,000 from the Elongate community. An additional commitment has been reserved for Big Green, which will join Elongate in a live broadcast event on the same day of this year's Earth Day celebrations. Big Green is a non-profit organization founded by Kimbal Musk and Hugo Matheson, with the purpose of creating healthy environments where children can learn and grow. Final Thoughts Elongate is a revolutionary project that aims to be the gateway between charity/philanthropy and cryptocurrencies. So far, the project managed to attract thousands of followers. Even though Elongate is still in the initial stage, the community members organized to maintain, manage and expand the project. At the moment, it is worth noting that the project has no affiliations with Elon Musk. Elongate's marketing director Gene Rhode stated that charity is the core of the project's ecosystem, but their goal is to expand their value offer. Beyond philanthropy, they want to implement a platform focused on NFTs and other crypto-based innovations.

Summary: The Fed is expected to tighten monetary policy further. BoE is expected to raise interest rates. RBA raises interest rates for the first time since 2010. SNB remains dovish in their fight against inflation. EURO expected to weaken further against the USD. Market sentiment is bearish for this currency pair, the market sentiment comes as market participants await the Fed’s interest rate announcement, investors expect a further 50 bp rise in interest rates which will result in a stronger US Dollar. Prices are continuing to rise despite the hawkish Fed, if this continues after the next interest rate increase, there could be trouble for the USD. EUR/USD Price Chart   Read next: (EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex!    GBP showing further strengthening potential against the EUR. The EUR has been weakening against the GBP since the market opened this morning. The GBP strengthening against the EUR comes with expectations that the Bank of England (BoE) is expected to increase the interest rate yields by 25bps. The European Central Bank (ECB) is still behind the United Kingdom when it comes to tightening monetary policies, causing the EUR to weaken. The current market sentiment for the currency pair is bearish. EUR/GBP Price Chart The Reserve Bank of Australia raises interest rates for the first time since 2010. Since the market opened this morning, the price of the AUD/USD has increased by more than 0.3%. Market sentiment for this currency pair is mixed. The AUD is not giving the USD more opportunity to strengthen. The Reserve Bank of Australia raised their interest rates for the first time since 2010, the tightening of monetary policy comes in an attempt to fight the rising inflation. The AUD is a risk asset, which means its price is levered to commodities. The US Dollar is expected to pull back against the AUD as the world slows down and the hawkish Fed continues its war against inflation. AUD/USD Price Chart CHF Weakens as SNB remains dovish. The US Dollar is expected to strengthen against the Swiss Franc with the market sentiment showing bullish signals. The continuing hawkish attitude of the Fed and the dovish attitude of the Swiss National Bank (SNB), means the strengthening of the USD against the CHF is likely to continue. USD/CHF Price Chart   Read next: GBP: BoE Expected to Raise Yields, US Dollar (USD) Strengthens across the board - Good Morning Forex!    Source: finance.yahoo.com, dailyfx.com

Summary: Euro strengthening against the USD as market expectations for rising interest rates grow. GBP strengthened on Friday. Too soon to assume bearish USD sentiment. Read next: FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen  ECB interest rate expectations offer EUR support The market is reflecting bullish signals for this currency pair. The Euro has been strengthening recently due to growing expectations of the European Central Bank rising the interest rates. The market is now anticipating a 100bp hike in the rates starting in July. At this point in time it is difficult to assume that the US Dollar will remain weak. The market has seen expectations of Fed interest rate hikes decrease, however, the increasing inflation seems to be keeping the Fed on track whilst tensions in China and between Russia and the Ukraine continue. EUR/USD Price Chart Sunak’s giveaway offers support to GBP The market is reflecting mixed market sentiment for this currency pair. On Thursday Rishi Sunak announced that the UK government would be giving GBP15 billion to UK households in an attempt to boost consumer attitudes. On Friday the Pound Sterling strengthened against the euro as the move offered GBP support, in addition UK consumers are instilled with more confidence in spending. In addition, the windfall tax that was implemented against oil companies has also offered GBP support. EUR/GBP Price Chart AUD is boosted by weaker USD Market sentiment for this currency pair is reflecting bullish signals. Investor confidence in the Australian Dollar comes from a combination of a recovery in risk assets and weaker US Dollar in the wake of a Fed member hinting that there could be a pause in tightening monetary policy in September. AUD/USD Price Chart JPY underperforms The market sentiment for this currency pair is reflecting bullish signals. Both the US Dollar and Japanese Yen were market underperformers during the Asian session. The US Dollar is, however, outperforming the Yen. USD/JPY Price Chart Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com

Summary: The ECB turned hawkish and announced its plans to increase all interest rates in July by 0.25%. The ECB press conference started, the path forward became ambiguous again. Markets awaiting US CPI data offer support to the US Dollar. US Dollar strengthening ahead of US CPI data release, The market is reflecting bearish signals for this currency pair. On Thursday the European Central Bank (ECB) turned hawkish and announced its plans to increase all interest rates in July by 0.25% and left open possibility for further hikes in September. However, the ECB press conference made clear to the market that there are circumstances in play that could struggle to keep up with the recently escalating market expectations, which could potentially explain the weakening of the Euro. The US CPI data for May is on schedule to be released during the trading day on Friday, which is offering support for the US Dollar. EUR/USD Price Chart GBP rallies in response to ECB ambiguity The market is reflecting bearish signals for this currency pair. The Euro tumbled on Thursday when the European Central Bank's (ECB) president Christine Lagarde sent the market mixed messages regarding the future policies. The written statement signaled a 0.25% increase in all interest rates in July, however, once the press conference started, the path forward became more ambiguous again, causing the Euro to lose against the Pound sterling and the US Dollar. EUR/GBP Price Chart US CPI data offers USD support. The market is reflecting bullish signals for this currency pair. The US Dollar is being supported by strong market expectations for US CPI data. In addition the Bank of Japan (BoJ) is continuing its dovish approach through quantitative easing, causing the safe-haven asset to weaken across the board. USD/JPY Price Chart USD/CHF The market is reflecting bullish signals for this currency pair. The US Dollar is being supported by strong market expectations for US CPI data, despite prospects of the Swiss National Bank turning hawkish. USD/CHF Price Chart Sources: finance.yahoo.com, pounsterlinglive.com, dailyfx.com

Summary: Swiss Franc could be the most appealing safe-haven currency right now. Fears of a high level of striking in the United Kingdom. Russia under-delivers on its gas obligations to some European countries. Read next: Eurozone Inflation Data Offering Euro Support (EUR/USD, EUR/GBP), SNB 0.5% Interest Rate Hike Bombshell (EUR/CHF), BoJ Left Monetary Policy Unchanged (USD/JPY)  EUR/USD The market is reflecting mixed signals for this currency pair. In general there are fears of a global economic recession, this fear is affecting the foreign exchange markets. Russia cut some of its exports in gas to Germany, Italy and France, which foreshadows an increase in gas prices and possibly a complete stop to gas flows. If this occurs, expectations of a euro area recession is likely and will add to further inflation in Europe. All of these factors are driving the price of the EUR/USD currency pair. EUR/USD Price Chart EUR/GBP The market is reflecting bearish signals for this currency pair. Fears of a high level of striking in the United Kingdom is putting the Bank of England (BoE) under pressure to hike interest rates at a rate faster than economists expectations. Expectations of a more hawkish BoE is offering the pound sterling support against the Euro. EUR/GBP Price Chart The SNB’s surprise interest rate hike offered the CHF support The market is reflecting mixed signals for this currency pair. The CHF was the best performing currency during the trading week last week as the Swiss National Bank (SNB) surprised the market with a 50 basis point hike in interest rates. This move was the first of its kind in 15 years and offered the Swiss Franc support, and made the currency the most appealing safe-haven currency. EUR/CHF Price Chart NZD/USD The market is reflecting bearish signals for this currency pair. The New Zealand Dollar has lost momentum as expectations of a hawkish Reserve Bank of New Zealand (RBNZ) fade and Oil prices rise. Global markets continue to struggle amidst rising energy prices and hawkish central banks everywhere. NZD/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com

Summary: President Joe Biden announced he is considering a gas tax holiday. Markets expect a more hawkish BoE, thus offering the pound sterling support. CHF is supported by the SNB's hawkish attitude. Read next: BoE’s Dr Catherine L Mann Speaks  EUR/USD currency pair The market is reflecting bullish signals for this currency pair. US President Joe Biden has announced that he may be considering imposing a gas tax holiday in an attempt to ease inflationary pressure on the US consumer. This looser fiscal policy move could help the Monetary policy tightening moves by the Federal Reserve by adding more flexibility and optionality in its fight against inflation. Theoretically speaking, looser fiscal policy encourages more foreign investment, and thus a higher US Dollar demand. This mixed with a hawkish Federal Reserve could give an extra boost to the US Dollar if the tax cut is approved. During her speech yesterday, European Central Bank (ECB) president Christine Lagarde managed to ease fears via her statement around the ECB’s proactive fight against fragmentation, thereby offering the Euro support. EUR/USD Price Chart BoE expected to accelerate their interest rate hiking path The market is reflecting bearish signals for this currency pair. Analysts at Goldman Sachs and Deutsche Bank say they expect the Bank of England (BoE) to accelerate the rate in which they will raise interest rates. The BoE indicated they would be more inclined to take a more stern stance on inflation, even at the expense of growth. Therefore, giving the markets expectation of a more hawkish BoE, and offering the pound sterling support. EUR/GBP Price Chart SNB’s move to raise interest rates offers CHF support The market is reflecting bearish signals for this currency pair. Despite European Central Bank’s (ECB) Christine Lagarde easing fears around fragmentation, the Swiss Franc is still showing strength against the Euro. Last week the Swiss National Bank (SNB) surprised the markets with a 50 basis point rate hike in its interest rates, which offered the safe-haven currency support. The Swiss Franc was the best performing currency last week. EUR/CHF Price Chart Looming recessions and slowing economies The market is reflecting bullish signals for this currency pair. The pound sterling was edging higher during early trading on Tuesday despite negatives hanging over the GBP. On Wednesday, the UK is expected to release headline inflation data, which is expected to come in at 9.1%, which may even come in higher. In addition, the fears of a slowing UK economy and a global recession are only 2 of the factors that are weighing on this currency pair and on many other foreign exchange pairs. GBP/USD Price Chart Sources: dailyfx.com, finance.yahoo.com, poundsterlinglive.com

Summary: ECB expected to increase rates at a faster pace. CBA thinks the AUD is at risk of trading at its lowest levels against the GBP since the start of the pandemic.\\ Read next: Data Showed A Slowing Eurozone Economy (EUR/USD, EUR/CHF), UK PMI Data Came In Stronger Than Expected (EUR/GBP), NZD Was The Top Performing Currency On Thursday (GBP/NZD)  EUR/USD currency pair The market is reflecting bullish signals for this currency pair. At this point, the market expects to see a continuing hawkish Federal Reserve, pushing both interest rates and long-term rates up even further, thus, the USD is likely to remain strong for most of the remainder of 2022. The European Central Bank (ECB) is expected to raise interest rates further and at a faster pace, the ECB has already communicated hikes in both July and September, as it tries to contain the Eurozone inflation narrative. As concerns around a global recession tighten, the aggressive 75 basis point rate hike made by the Fed has caused investors to be more cautious across the board. EUR/USD Price Chart Eurozone and UK economy slowing. The market is reflecting bearish signals for this currency pair. UK retail sales declined in May as consumers felt the pain of rising prices which in turn did not allow the pound sterling a boost heading into the weekend. In addition the retail data from the UK came after the data revealved by France and Germany also missed market expectations. The markets are expecting economic slowdown in both the UK and Eurozone economies. EUR/GBP Price Chart CBA outlook on AUD According to the Commonwealth Bank of Australia (CBA), the Australian Dollar is at risk of trading at its lowest levels against the British pound since the start of the Covid-19 pandemic. The CBA sees the AUD as being amongst the most vulnerable currencies to the recent souring of the global economic outlook. GBP/AUD Price Chart EUR/JPY The market is reflecting mixed signals for this currency pair. As the Japanese Yen (JPY) continues to weaken in the wake of a dovish Bank of Japan (BoJ), the Euro is also experiencing troubles in the wake of disappointing economic data released from France and Germany, which indicates a slowing of the Eurozone economy. EUR/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com

Summary: The US Dollar is hitting 19 year highs on Tuesday. Russia turns gas taps off Europe, plunging the Euro. UK strikes over pay began on Tuesday. RBA policy decisions lacked hawkish rhetoric. Read next: A Global Economic Slowdown Is Causing Risk-Off Sentiment, The US Dollar Remains Strong and AUD Expected To Be Currency Most Affected (EUR/USD, EUR/GBP, GBP/AUD  US Dollar Continues on its strengthening path The market is reflecting bearish signals for this currency pair. The US Dollar is hitting 19 year highs on Tuesday, this has been helped by a plunging EUR/USD currency pair, which has set its own 19-year low. Whilst there has been no particular event that has sparked the plunging of the Euro, the combination of a multiple of things has driven its downfall. Hence, the events include Russian gas deliveries for June which was 40% shorter than expected, this has caused European gas prices to remain elevated. In addition, Nord stream is set to close completely for annual maintenance, where it shuts down completely during July 11-21st, the risk, however, is that the pipeline may not come back online. In addition European Central Bank (ECB) representative Nagel did little to help the Euro as he cautioned against using monetary policy to limit risk premia of indebted states, he also stated that an Anti-Fragmentation tool could only be used during exceptional circumstances. Although Bundesbank’s Nagel is part of the minority, this does raise the risk of a watered-down Anti-Frag tool, which has ultimately disappointed the market expectations. EUR/USD Price Chart Russia turns the gas taps off to a pipeline. The market is reflecting bearish signals for this currency pair. The Euro is on its backfoot against the pound sterling in the wake of surging Eurozone energy prices after Russia cut off the taps to a key pipeline. The Euro has been aggressively sold during the Tuesday trading day, starting from 8am London time. This is putting pressure on the Euro. EUR/GBP Price Chart Strikes in the UK began on Tuesday The market is reflecting bearish signals for this currency pair. Strikes in the UK over salaries began on Tuesday and could cut the country's gas output by almost a quarter and could exacerbate supply shortages in the wake of the war in the Ukraine. There is a possibility that around 15% of Norway's oil output could also be cut by Saturday, this is according to a Reuters calculation and is based on the plans of union members to gradually escalate their action over the coming days. Amidst these facts, the US Dollar remains strong. GBP/USD Price Chart GBP/AUD The pound sterling to Australian Dollar currency pair has been volatile, but may still struggle to rise if the US Dollar doesn't hold onto its Tuesday highs in the coming days. The AUD tumbled before most of its currency counterparts on Tuesday in the wake of the Reserve Bank of Australia (RBA) July policy decision, which saw the cash rate lifted by 0.5% for a second time, taking it up to 1.35% for the time being. Despite this move, the decision was widely expected by the markets, however, the statement that came with the policy decision indicated to the markets that the hawkish rhetoric from the RBA was lacking. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com

Summary: G20 summit and Fed meeting minutes. Both the Euro and the GBP have remained under pressure from the incredibly strong US Dollar. Cost-of-living-squeeze in Japan. Read next: US Dollar Hitting 19-year Highs (EUR/USD, GBP/USD), Russia Cuts Off Gas Taps (EUR/GBP), GBP/AUD Currency Pair & RBA Policy Decision  USD Could strengthen further in the coming days The market is reflecting mixed signals for this currency pair. The market outlook for the US Dollar seems bullish going forward into the coming days as the Federal reserve minutes are released and the G20 summit. If the Fed minutes reveal a hawkish attitude that surpasses market expectations, the US Dollar could be pushed even higher and could increase the greenback’s rising yield advantage against G10 and emerging market counterparts. EUR/USD Price Chart GBP & Euro Under pressure The market is reflecting bullish signals for this currency pair. Both the Euro and the GBP have remained under pressure from the incredibly strong US Dollar, the negatives for the Euro are well-known across the markets and could likely be exacerbated by two events in July. For the pound sterling, politics is at the forefront of talking in the media, however, from a traders perspective, the pound has been optimistic in terms of being affected by the current difficult situation. It seems that this is the beginning of the end for Prime Minister Boris Johnson, although the current backdrop that plagues the Pound remains unaltered. This has been evidenced by this morning’s soft construction PMI data, while comments made by BoE Chief Economist Pill were not exactly in favour of a larger hike in the Bank rate. EUR/GBP Price Chart USD dominating JPY The market is reflecting bullish signals for this currency pair. Inflation is currently showing signs of becoming more politically based in Japan in the wake of the continuing cost-of-living squeeze. Whilst the market awaits FOMC meeting minutes which could give the US Dollar more support, the rising cost of living in Japan continues to squeeze domestic households' income ahead of Japan's upper house election on Sunday. USD/JPY Price Chart EUR/JPY currency pair The market is reflecting mixed signals for this currency pair. The EUR/JPY currency pair remains at lofty level, however, the trend is being questioned. EUR/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com

Summary: Noord stream 1 gas pipeline to begin maintenance. Gains for the GBP suggest that the currency has been holding some political risk premium. AUD/JPY bullish. USD/JPY Read next: Pound Sterling Offered Support After News That Boris Johnson Is Set To Step Down (EUR/GBP, GBP/USD), FED FOMC Meeting Minutes (EUR/USD), Japan’s Upper House Elections (USD/JPY)  Sell-off sentiment for the Euro continues The market is reflecting bearish signals for this currency pair. The sell-off sentiment for the Euro is showing no sign of stopping going into the weekend, the woes around the Euro continue to stack up, with latest concerns becoming stronger around the repairing of the Noord Stream gas pipeline. The pipeline has been labelled a risk to both the EU economy and the German economy should Russia cut the gas flow or undersupply. In addition, the Fed’s FOMC meeting minutes for June reiterated the Fed’s commitment to aggressively hiking interest rates despite risk of slow economic growth. EUR/USD Price Chart Boris Johnson stepping down offers GBP support The market is reflecting bearish signals for this currency pair. The EUR/GBP pair fell by around 1% on Thursday in the wake of UK Prime Minister Boris Johnson’s resignation announcement; he will remain in power until a replacement is found. The pound sterling gains suggest indication that the currency has been holding some political risk premium that looks to have converted to a certain extent. Euro currency risk remains a domino effect of many events. EUR/GBP Price Chart Dovish BoJ continues The market is reflecting bullish signals for this currency pair. The border weakness of the Japanese Yen has been felt. The Monetary of the Ministry of Finance (MoF) in Japan and by extension includes the Bank of Japan (BoJ), is going in the complete opposite direction to other global central banks (with the exception of the People’s Bank of China. The BoJ recently committed to extending their yield curve control program (YCC) and are close to holding 50% of all Japanese government bonds (JGBs) on issue. The Reserve Bank of Australia (RBA), on the other hand, has committed to aggressive monetary policy tightening, offering the AUD support. AUD/JPY Price Chart USD/JPY Bullish The market is reflecting bullish signals for this currency pair. The Japanese Yen has been facing weakness across the board as the Bank of Japan (BoJ) continues to adopt dovish monetary policy and the Federal Reserve adopts the opposite approach and continues on with their aggressive monetary policy. The US Dollar continues to strengthen. USD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com

Summary: The Euro continues to be one of the more susceptible currencies as many headwinds build up. Will Russia resume gas supply to Noord Stream? Will the BoC policy decision offer CAD support? BoJ would do whatever is necessary to help the economy grow. Read next: Recession Fears Are Affecting Brent Crude Prices, Silver Price vs A Hawkish Federal Reserve, Corn At 8-Week Highs  US Dollar continues to strengthen across the board The market is reflecting mixed signals for this currency pair. On Monday the Noord Stream, Germany’s biggest pipeline closed for annual maintenance until the 21st July. The maintenance time period has increased speculation on whether or not Russia will resume gas flows after the maintenance has been completed. The Euro continues to be one of the more susceptible currencies as many headwinds build up. The European Central Bank (ECB) is still on track to raise interest rates (at least 25 bps) at their next meeting later on in July. The US Dollar continues to rise across the board, and investor attention will be aimed in the direction of the US CPI inflation data release for June on Wednesday. EUR/USD Price Chart   EUR/GBP mixed sentiment The market is reflecting mixed signals for this currency pair. The pound sterling will continue to be affected by external events whilst politics grabs headlines. The Euro continues to be negatively affected by a combination of events. One of the main events being whether or not Russia will turn the taps back on for gas supplies through the Noord Stream once the maintenance is over, if they do not, the possibility of a recession in the Euro area will increase largely. EUR/GBP Price Chart GBP/CAD hovers around 10-year lows The markets are keeping alert as they await the Bank of Canada’s (BoC) policy decision on Wednesday. Although the GBP/CAD currency pair hovers near 10 year lows, both currencies remained little changed on Monday and were both middle-of-the road performers amongst major currencies. GBP/CAD Price Chart BoJ representative speaks The market is reflecting mixed sentiment for this currency pair. A Bank of Japan (BoJ) representative warned the market that the current economic outlook remains uncertain due to the rising commodity prices and that the BoJ would do whatever is necessary to help the economy grow. The same representative also said that Japan’s financial system is robust, the economy is starting to improve and that the central bank would keep interest rates stable at the current or lower levels. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com