FREE VIP SIGNAL BUY NOW GBP/JPY The USD weakened overni | Focal Community Group (FXSignals)

FREE VIP SIGNAL
BUY NOW GBP/JPY

The USD weakened overnight and moved to a new October lows against its peers. Our EUR/USD was pushed out of money - in case your position did not trigger SL - please tighten now SL @: 1.16660 (area). Weak US factory data from yesterday evening and comments from other central banks, in particular from the central banks in England and New Zealand, show that the Fed is rather slow in policy normalization. Bank of England Governor Andrew Bailey sent a fresh signal for early UK rate hikes by saying on Sunday that the central bank will "have to act" to counter rising inflation risks. I still believe that we see a slight overreaction in the USD and that overall solid US economic data that indicate an outperformance will lead to a rebound. I believe that the GBP, EUR, AUD and CAD can benefit the most from a weakening USD. The weaker USD further supports the rally in commodity prices. Japan, which has virtually no major natural resources such as natural gas, oil, gold, coal, copper, and iron depends on imported raw material and energy. The rising energy and materials prices mean that Japan is buying a lot of foreign currency in particular, or money is leaving Japan - which reduces the money (JPY) in circulation.

Try to get in as LOW as possible.

Signal delayed by ~ 15 minutes
(non-delayed signals in VIP group).


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