FREE VIP SIGNAL BUY NOW CHF/JPY As always at this time | Focal Community Group (FXSignals)

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BUY NOW CHF/JPY

As always at this time of the year, we see very little trading activity on a shortened trading session. The Christmas rally which investors often call the Santa Claus rally, made a pause yesterday but usually extend to the first January trading days. December trading was highly influenced by Omicron, rising infections and concerns about the economic impact of the very contagious mutated coronavirus strain. However, increasing numbers of studies, continue to suggest that Omicron carries a reduced risk of hospitalization and severe illness, which resulted in markets pushing for new all-time highs at year's end - as we expected. I see the JPY further weakening against the USD and CHF in January. We buy the slight dip in the CHF/JPY and position us LONG for next week. Released data from the SNB showed that the Swiss central bank took off gas from forex purchases in Q3. The SNB buys foreign currencies and combines it with negative interest rates to curb the rise in value of the CHF as the CHF tends to gain in value which hurts the country's economy by increasing the price of Swiss exports. The SNB seems to be either more comfortable with the CHF's recent strength or takes the lower CHF inflation into account expecting that inflation in the Eurozone and the US decrease gradually in 2022 as well. Either way, the CHF will continue to gain against the JPY, pushing now above 126.000 and will also benefit from future EUR weakness.

Try to get in as LOW as possible.

Signal delayed by ~ 20 minutes
(non-delayed signals in VIP group).


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We end the year with 19 consecutive* Forextrades won and will see how far we can take this potential record winning streak in 2022. I am very happy that we have accomplished this achievement together

*AUD/JPY still open