forex account vt markets

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.

Bearish Outlook For The EUR/USD Currency Pair, Euro & GBP Are Only Two Currencies Dominated By The US Dollar’s Strength (EUR/GBP, USD/JPY, EUR/JPY) - 1 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 incr

VT Markets launches new brand identity for 2021

VT Markets launches new brand identity for 2021

VT Markets VT Markets 30.12.2020 12:29
VT Markets, a multi-award winning CFD broker under Vantage International Group, today launched their new branding and new website, which are intended to represent the company’s core values and reflect a further dedication to client success and relationships. Coinciding with the unveiling of the new branding, VT Markets launched an updated corporate website (www.vtmarkets.com) focused on providing clients with more information about the products, services, and platforms offered. This rebrand solidifies the company’s stance as a strong competitor in this industry offering extraordinary client services. Chris Nelson-Smith, the director of VT Markets, said: “2020 has been a huge year for VT Markets, the brand is one of the fastest growing brokers in SEA and benefited hugely from organic growth in the EU region in 2020. We are excited to extend our presence and build on our rapid growth in these regions, expanding further into South-East Asia and Europe. “We recognized the huge diversity in markets across the APAC region. We listened to our clients and customised our offerings to deliver the best products for all our market participants. Our trading environment is second to none and our client base in the APAC regions delivered significant trading volume in 1H 2020, giving us the platform to build into the EU region and beyond. “Our new Client Portal provides total transparency, together with the key features and additional analytics required to track and review your performance in a single crisp, clean platform. We are proud of our revamped offering that will continue to deliver the highest level of services to our customers and give us an edge as we expand our global footprint further into South America and Africa. “We are already seeing growth in these regions and see them as key to our ongoing strength and success in 2021 and we are excited for what the new year will bring.” The new VT Markets logo is an evolution of the company’s previous logo, with a much more modern look alongside the upgraded website design, which embodies VT Markets’ passion, energy, determination and pursuing innovative breakthrough to become a brand for a next generation of traders and be right by their side when they need us. For more information, please visit vtmarkets.com and follow us on LinkedIn, Facebook and Twitter.
EUR/USD Faces Pressure Amid PMI Releases: Is More Downside Ahead?

(EUR/USD) ECB Reveals The Possibility Of Interest Rate Increases In July, Negative Investor Sentiment Towards The GBP, Investor Sentiment Turns Bullish For The AUD/JPY Pair - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 05.05.2022 10:53
Summary: Market sentiment turns bullish for the EUR/USD currency pair. Pound Sterling is facing selling pressure. Investor sentiment for the AUD changes. CHF/JPY finding a new trading range. Read next: US Dollar (USD) Expected To Strengthen As Investors Await Fed’s Interest Announcement (EUR/USD, AUD/USD), BoE are Expected To Raise Their Interest Rates (EUR/GBP), (AUD/USD) Showing Mixed Market Sentiment Signals, USD/CHF Is Bullish  ECB reveals the possible increase in interest rates in July The market sentiment on Thursday for this currency pair is showing bullish signals. On Wednesday the Federal Open Market Committee (FOMC) announced that there is a strong possibility that another 50bp hike in interest rates is possible, as the hawkish Fed continues in their fight against inflation. The bullish market sentiment comes with increasing investor confidence in the EUR after the European Central Bank (ECB) revealed that an increase in the interest rates could be possible in July. EUR/USD Price Chart Pound Sterling losing ground on the forex market The EUR/GBP currency pair is currently showing mixed market sentiment. The GBP is facing pressure against the EUR, this comes hours before the Bank of England (BoE) is set to announce interest rate hikes and the possibility of quantitative tightening plans (process of selling some of the bonds purchased under quantitative easing). The GBP has lost ground against most other currencies, reflecting the negative investor sentiment towards the Pound Sterling. In addition, investor confidence in the EUR has improved. EUR/GBP Price Chart AUD gains on JPY overnight Investor sentiment is currently showing bullish signals. The price of this currency pair strengthened since Wednesday as a result of the Reserve Bank of Australia (RBA) deciding to tighten their monetary policy. Investor sentiment for the AUD has turned positive, despite the recent losses faced by this currency. AUD/JPY Price Chart CHF/JPY signalling bullish market sentiment Both of these currencies are viewed as safe-haven currencies, due to their financial properties and low interest rates. Market sentiment is still bullish for this currency pair. The CHF/JPY tend to trade within similar ranges, which is unsurprising due to their similar fundamental characteristics, right now the currency pair is finding a new range to trade in. CHF/JPY Price Chart Read next: (EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex! Sources: Finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Pound rises despite Boris turmoil

(EUR/USD) USD Continues To Rally, (EUR/GBP) Pound Sterling Unlikely To See Relief, (EUR/CHF, AUD/NZD) - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 12.05.2022 11:57
Summary: The US Dollar continues to rally in the wake of the U.S CPI report. GBP is likely to see currency value weaken in the future. Market participants expect to see some strength in the EUR. Is the AUD starting to lose momentum? Read next: (EUR/USD) German Inflation Meets Forecasts, Pound Sterling Continues To Weaken (EUR/GBP, GBP/USD), (EUR/JPY) Japanese Yen Strengthens As Investors Seek Safe-Haven Assets - Good Morning Forex!  The US Dollar continues to strengthen against the EUR   The market is signalling bearish market sentiment for the EUR/USD currency pair. During early trading on Thursday the US Dollar strengthened to a two-decade high after U.S inflation remained high. The U.S CPI report revealed that although inflation could likely have reached its peak, it is still high and the Fed’s current aggressive tightening of monetary policy is likely to remain aggressive. This is causing the US Dollar to strengthen even further against the EURO. EUR/USD Price Chart Pound Sterling is likely to continue to weaken. The market sentiment for this currency pair is showing bullish signals. However, during early trading on Thursday the price of this currency pair has lost value. Going forward it is likely that the market will see a Pound Sterling that continues to weaken in the wake of rising prices and inflation. The combination of a government unwilling to help and an inflation-weary UK public are two factors that will contribute to the further weakening of the GBP. In addition, it is expected that the Pound Sterling is likely to fall further against the Euro and USD as the economic outlook in the UK deteriorates and prompts the Bank of England (BoE) to ease the rising interest rates. EUR/GBP Price Chart EUR expected to strengthen against CHF The market sentiment for this currency pair is showing bullish signals. Investors expect the EUR to strengthen against the CHF. Market participants expect the European Central Bank (ECB) to raise interest rates for the first time in more than 10 years in the summer. Whilst the Swiss National Bank (SNB) remains dovish in their fight against inflation. EUR/CHF Price Chart NZD strengthens slightly against the AUD After the National Australia Bank (NAB) increased their interest rates early in May, the AUD/NZD currency pair increased in value. The momentum for this move has somewhat slowed since then. However, the pair still seems to be showing volatility. AUD/NZD Price Chart Read next: (EUR/USD) Wall Street Tanks, Allowing the Euro To Slightly Recover, (EUR/GBP) Goldman Sachs Betting Against GBP, JPY Gets The Better Of The US Dollar And EUR - Good Morning Forex!  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
JPY: Assessing the FX Intervention Zone and Market Conditions

Market Expectations For ECB To Hike Interest Rates Grow (EUR/USD), Sunak’s Move To Stimulate The UK Economy Offers GBP Support(EUR/GBP), Weaker USD boosts AUD (AUD/USD), USD/JPY)

Rebecca Duthie Rebecca Duthie 27.05.2022 15:51
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
Economic Calendar For July 21st. EUR/USD And GBP/USD - Trading Ideas

EuroZone Inflation Exceeds Market Expectations (EUR/USD) (EUR/GBP), New Zealand Economy Will Benefit From China’s Lockdown Easing (GBP/NZD), GBP Bullish (GBP/USD)

Rebecca Duthie Rebecca Duthie 31.05.2022 14:39
Summary: Euro Zone inflation rose to 8.1% in May. Both the BoE and the ECB are expected to tighten monetary policy. The easing of lockdowns will benefit not only China’s economy but economies that rely on China for trading. The GBP may continue its strengthening streak against the USD going into the third quarter of this year. Read next:Strong Investor Sentiment Toward The Euro Continues (EUR/USD), EUR/GBP Currency Pair, As China Ease Lockdowns The AUD Outlook Seems Positive (GBP/AUD, AUD/USD)  EUR/USD maintains bullish sentiment Market sentiment is reflecting bullish signals for this currency pair. Euro Zone inflation rose to 8.1% in May, this rate is around 0.4% higher than expectations, which reaffirms the European Central Banks (ECBs) case for tightening monetary policy in quarter 3. The risk of slower growth is a reality, which may favour the US Dollar going forward. Whether the current strength in the Euro against the USD is going to continue may depend on which economy slows faster, the ECBs interest rate hike and the war in the Ukraine. EUR/USD Price Chart EUR/GBP reflecting mixed market sentiment The market sentiment for this currency pair is reflecting mixed signals. There have been concerns about the UK economic outlook which have grown in response to rising inflation, which can be mainly attributed to rising energy prices. The Bank of England (BoE) is still expected to continue raising interest rates. In addition, the European Central Bank (ECB) is expected to tighten monetary policy which is instilling confidence in the Euro. EUR/GBP Price Chart NZD to benefit from China's strengthening economy The NZD benefitted of Monday in the wake of China’s easing of COVID-19 lockdowns, strengthening against the Pound Sterling. The easing of lockdowns will benefit not only China’s economy but economies that rely on China for trading, New Zealand's economy is one of those who will benefit. GBP/NZD Price Chart US Dollar taking hits on the forex markets The market is reflecting bullish signals for this currency pair. Seasonal factors may be able to aid the GBP continue to strengthen against the US Dollar. The recent macroeconomic data that has been released has been underwhelming for the market and therefore the US Dollar has taken a hit, in addition the market expectations of the Fed to slow or stop tightening monetary policy is also affecting the US Dollar negatively. The GBP may continue its strengthening streak against the USD going into the third quarter of this year. GBP/NZD Price Chart Read next: S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts  Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
The Euro Opened Strong On Wednesday Against The US Dollar (EUR/USD), Euro Could Continue Gaining On The GBP (EUR/GBP), Australia’s Trade Balance Beats Market Expectations (AUD/USD), EUR/JPY

The Euro Opened Strong On Wednesday Against The US Dollar (EUR/USD), Euro Could Continue Gaining On The GBP (EUR/GBP), Australia’s Trade Balance Beats Market Expectations (AUD/USD), EUR/JPY

Rebecca Duthie Rebecca Duthie 02.06.2022 18:31
Summary: The euro opened strong on Wednesday in the wake of U.S treasury yields surging. Inflation for the eurozone hit record levels in April. The Australian Dollar has been unmoved by an outstanding trade balance that beat market expectations. EUR/JPY Read next: EuroZone Inflation Exceeds Market Expectations (EUR/USD) (EUR/GBP), New Zealand Economy Will Benefit From China’s Lockdown Easing (GBP/NZD), GBP Bullish (GBP/USD)  Euro and US Dollar The market is reflecting mixed market signals for this currency pair. The euro opened strong on Wednesday in the wake of U.S treasury yields surging. The U.S economic data that has been released this week has been strong, which has given the market confidence around the hiking cycle. This sentiment comes in contrast to last week's sentiment of an overconfident Federal Reserve. The eurozone is under pressure in the wake of the Russian oil embargo with the possibility of Russia retaliating by potentially cutting off gas from the region, which may aggravate an already bad inflation situation and risk downside potential for the euro. EUR/USD Price Chart Eurozone inflation hit record highs The market is reflecting mixed market signals for this currency pair. Inflation for the eurozone hit record levels in April, this means that it may be more likely that the European Central Bank (ECB) may implement a 50 basis point rate hike before the year-end. If this were to go through, it could underscore the Euro’s already steady rebound against the US Dollar and the Pound Sterling. EUR/GBP Price Chart Australian Dollar benefitting from a trade balance that beat expectations The market is reflecting bullish market signals for this currency pair. The Australian Dollar has been unmoved by an outstanding trade balance that beat market expectations. In addition, the Reserve Bank of Australia (RBA) published their commodity price index (CPI) that accounts for the composition of Australian commodity exports yesterday. AUD/USD Price Chart The Japanese Yen weakened The market is reflecting mixed market signals for this currency pair. The Japanese data revealed a jobless rate that exceeded market expectations, but retail sales stayed at 0.8% for April. The mood was then turned bad with a miss in industrial production. It was anticipated at -0.2% but came in at -1.3% for the month of April. The Japanese Yen weakened on this news as well as the higher oil price taking its toll on the energy importing economy. EUR/JPY Price Chart   Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Crucial Upcoming PMI Data and High-Stake Meetings Shape China's Economic Landscape

Euro Enters The Week Strong As The Market Awaits ECB Announcements Due Later This Week (EUR/USD, EUR/GBP, EUR/CHF), Focus On The RBA Announcement On Tuesday (GBP/AUD)

Rebecca Duthie Rebecca Duthie 06.06.2022 15:22
Summary: ECB interest rate decision due to occur later this week. Confidence vote being held for Boris Johnsson later on Monday. Investor confidence could be returning to the markets. On Tuesday the Reserve Bank of Australian (RBA) is due to announce its decision regarding tightening of monetary policy. Read next: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  EUR strong entering the week On Monday market sentiment for this currency pair turned bearish. The Euro opened stronger on Monday as the market awaits the European Central Banks (ECB) interest rate decision, which is due to occur later this week. If the European Central Bank shows any signs of dovish intentions, the effects could be heavy on the Euro's downside, however, if a hawkish attitude is shown (which seems to be more likely), the upside effect on the euro may be minimal as the expected hike is already priced into the market. U.S CPI data is expected to close off this week, if there is another undershoot regarding the CPI data, it will just confirm that inflation has reached its peak and add to dovish pressure. EUR/USD Price Chart Both Euro and Pound sterling entered the week strong The market is reflecting mixed signals for this currency pair. As the market awaits the European Central Bank's (ECB) announcement regarding the decision for interest rates in July and September, the Euro entered the week strong. In addition, the pound sterling also entered the week strong despite a confidence vote being held this evening to determine Prime Minister Boris Johnssons future as leader. The pound sterling holding strength, shows its resilience to political tensions. EUR/GBP Price Chart EUR/CHF bullish The market is reflecting bullish signals for this currency pair. Amidst the expected announcements from the European Central Bank this week, the Euro has entered the week strong, even against the safe-haven Swiss Franc. During times of economic stress, investors normally turn to safe-haven assets, however investor confidence seems to be returning to the markets. EUR/CHF Price Chart RBA due to make an announcement The Australian Dollar entered its third week of gains this week in the wake of China’s easing of Covid-19 lockdowns and stronger than expected GDP data. However, on Tuesday the Reserve Bank of Australian (RBA) is due to announce its decision regarding tightening of monetary policy. The price of the GBP/AUD currency pair is sensitive to the price changes of the GBP/USD currency pair. GBP/AUD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

ECB’s Christine Lagarde Eased Fears (EUR/USD, EUR/CHF), Expectations Of A More Hawkish BoE Strengthen (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 21.06.2022 15:46
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
The Loonie Pair (USD/CAD) Takes Clues From The Downbeat Oil Prices

Fears Of Recession Loom (EUR/USD), UK CPI Inflation Data 9.1% For May (EUR/GBP), Surprisingly Strong Canadian Inflation Data (USD/CAD), EUR/JPY

Rebecca Duthie Rebecca Duthie 22.06.2022 16:27
Summary: UK CPI inflation data came in at 9.1% for May. BoJ remaining dovish. Fears of a recession loom. Read next: ECB’s Christine Lagarde Eased Fears (EUR/USD, EUR/CHF), Expectations Of A More Hawkish BoE Strengthen (EUR/GBP, GBP/USD)  ECB could benefit from QEQT combination The market is reflecting bullish signals for this currency pair. The Euro currency could benefit if the European Central Bank (ECB) uses the European continent's fragmented economic landscape to its advantage by combining both quantitative easing (QE) and quantitative tightening (QT) to normalise monetary policy by minimising upset. The Euro has been recovering against the US Dollar this week. Concerns over a recession in the US have grown as the Fed continue on their hawkish path of fighting inflation. EUR/USD Price Chart UK CPI inflation data met market expectations The market is reflecting bearish signals for this currency pair. The pound sterling weakened against the Euro in the direct wake of the release of UK inflation data which mostly came in as expected, however, some parts of the report came in softer than was expected and could prove supportive of the British pound currency. UK CPI inflation data came in year-on-year in May at 9.1% which beat April's 9.0% and was in-line with the market expectations. EUR/GBP Price Chart USD/CAD The market is slowing mixed market signals for this currency pair. Canadian inflation data came in surprisingly strong for the month of May, which could likely drive investor expectations of a more hawkish Bank of Canada (BoC) interest rate hiking policies going forward, thus likely supporting the Canadian Dollar. USD/CAD Price Chart BoJ Continues to opt out of monetary policy tightening The market is reflecting bullish signals for this currency pair. As the Bank of Japan (BoJ) continues their monetary easing and chooses to stay away from tightening monetary policy, the Euro and other currencies seem to be gaining on the safe-haven asset. EUR/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
ECB's Knot: July Rate Hike Necessary, Beyond July Uncertain; Canadian CPI Supports Rates on Hold; Global Crypto Market at $1.2 Trillion; Oil Market Tightens with Russian Shipments Drop and China's Support Measures

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, AUD/JPY)

Rebecca Duthie Rebecca Duthie 04.07.2022 16:40
Summary: During the trading week last week the EUR/USD currency pairs price fell back to near five-year lows. It is expected that the global economic slowdown will affect the Australian Dollar more than the Pound Sterling. Investors looking out for ECB announcements and EU retail data this week. AUD/JPY bearish. Read next: Concerns Over Tight Supplies Is Driving Brent Crude Oil Prices Up, Silver Prices Falling, Favourable Weather, Weak Demand & Tight Supplies - Factors Driving Corn Prices  Euro’s left at the mercy of market sentiment The market is reflecting mixed signals for this currency pair. During the trading week last week the EUR/USD currency pairs price fell back to near five-year lows and may be at risk of remaining under pressure to those levels in the coming days unless the U.S currency falters further in the wake of its stumble on Friday. The Euro is under pressure from the strong US Dollar and neither currencies benefitted last week despite central banks claiming their determination to fight inflation. There was not much activity over the weekend regarding events that could move the market, thus, the global market including the Euro has been left at the mercy of market sentiment. EUR/USD Price Chart EUR/GBP currency pair The market is reflecting mixed sentiment for this currency pair. Investors will be watching the European Central Bank’s (ECB) policy announcements this week as well as the EU retail sales data that is due to be released. The Euro got no support when ECB president Christine Lagarde spoke last week and emphasised the importance of optionality in relation to the size and timing of interest rate changes after the 0.25% uplift in July that was pre-announced last month. EUR/GBP Price Chart AUD expected to be more affected by the economic slowdown than the GBP The Australian Dollar is one of the biggest losers amongst the major currency pairs over the past month and analysts predict this week's Reserve Bank of Australia (RBA) policy update mixed with souring global investor sentiment should keep the currency under pressure from the pound sterling. In addition, it is expected that the global economic slowdown will affect the Australian Dollar more than the Pound Sterling. GBP/AUD Price Chart AUD/JPY currency pair The market is reflecting bearish signals for this currency pair. It is expected by the market that the global economic slowdown will affect the Australian Dollar. The Bank of Japan (BoJ) is currently defiantly maintaining yield curve control despite speculators attacks that are betting that the BoJ will be unable to hold yields down if prices continue to rise. AUD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
The US Dollar (USD) Index May Have Created A Potential Resistance

Bearish Outlook For The EUR/USD Currency Pair, Euro & GBP Are Only Two Currencies Dominated By The US Dollar’s Strength (EUR/GBP, USD/JPY, EUR/JPY)

Rebecca Duthie Rebecca Duthie 06.07.2022 15:06
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