CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies


Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.


Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1


United Kingdom

Negative Balance Protection


Back to Blog

CAD Flying Higher, JPY Falling Lower, Gold Volatility.


Welcome to this week’s Market Blast Fundamentals.

I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at USDJPY, Gold (XAUUSD), USDCAD, and GBPUSD.


The USD is weaker based on last week’s Non-Farm Payrolls report but, that will not likely stop the US Federal Reserve from starting its bond-purchase tapering next month and raising Interest Rates next year which should augment the value of the USD.Screenshot 2021-10-11 at 11.19.56

The main concern of traders this week is that Jay Powell might not be reappointed as Chairman so, watch the news on this.

Among these growing USD pairs is GBP.Screenshot 2021-10-11 at 11.20.55

The UK Pound is moving higher as the Bank of England is now admitting that UK Inflation is a problem.Screenshot 2021-10-11 at 11.21.14

Therefore, we may see an Interest Rate rise sooner than expected and watch the Economic Calendar for UK Unemployment data tomorrow, Manufacturing and GDP reports on Wednesday.Screenshot 2021-10-11 at 11.21.34

CAD is flying higher today as last week’s Employment figures were excellent, the price of WTI is higher and, in theory, Canada has replaced every job that it lost during the pandemic.

Tomorrow we will look at the key levels on CAD.Screenshot 2021-10-11 at 11.21.52

Last week we warned of volatility on Gold based around the US Non-Farm Payrolls and that is exactly what happened and we hope you were able to take advantage of this.

Gold is consolidating now but the rumours in the market are Bearish.

We will look at XAUUSD from a technical standpoint tomorrow.Screenshot 2021-10-11 at 11.22.12

We are seeing incredible weakness with JPY as the Bank of Japan is facing the opposite problems of every other central bank.

That is deflation, not inflation, and they may have to increase stimulus which will weaken JPY even further.

Thanks for watching and don’t forget to subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.11 oct EN TN



The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.