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GBP Falling on Government Woes. EURUSD Going to Parity?

   

Welcome to this week’s Market Blast Fundamentals.

Subscribe to Free Valutrades Signals at https://www.valutrades.com/en/trading-signals

I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at Brent Crude (UKOil), USDJPY, EURUSD, GBPUSD, and EURGBP.



GBP is again being affected by the market’s confidence in the UK government and the latest elections have not helped.Screenshot 2022-05-09 at 11.53.15

For the first time in history, a separatist government has won the election in Northern Ireland and many Conservative councils have fallen to the Labour Party.

Even though the Bank of England raised Interest Rates last week, they issued a grim picture of economic growth.Screenshot 2022-05-09 at 11.53.27

Investors and traders will be watching Manufacturing Production and GDP figures this week.Screenshot 2022-05-09 at 11.53.35

USD is stronger again based on last week’s good Non-Farm Payrolls data.Screenshot 2022-05-09 at 11.53.46

USDJPY is trying to break resistance above 131 and many analysts are now talking about EURUSD parity.Screenshot 2022-05-09 at 11.53.53

To see EURUSD at $1, we need to open the monthly chart and look back to 2002, 20 years ago.Screenshot 2022-05-09 at 11.54.00

We see Brent Crude climbing steadily again but watch out for more news on European sanctions against Gas and Oil from Russia.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

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

CFDs and FX are leveraged products and your capital may be at risk.9 May 2022 Fundamentals EN TN

 

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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.

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