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Trade GBP Volatility. Trade the NatGas Gap! USDJPY at 32-year Highs.

   

Hey Valutraders! USDJPY hasn’t been this high since 1990!

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

I’m Brad Alexander and in this week’s Market Blast Fundamentals let’s take a look at Natural Gas (NatGas), GBPUSD, AUDUSD, USDCHF, AUDJPY, and USDJPY.

 

If we look, overall at JPY pairs, we see weakness, mostly against the USD based on Interest Rate and bond yield differentials.Screenshot 2022-10-17 at 19.26.42

The only exception is AUDJPY which has been trending down since the beginning of September.Screenshot 2022-10-17 at 19.26.53

That’s not a surprise as the AUD is definitely the weakest currency overall.Screenshot 2022-10-17 at 19.27.57

If we do our Strong/Weak analysis, the strong currency is the USD of course.Screenshot 2022-10-17 at 19.28.06

Therefore AUDUSD will be the strongest downtrend.Screenshot 2022-10-17 at 19.28.13

There may be some technical opportunities here and we will look at this tomorrow.

As usual, the UK government is in turmoil with the Finance Minister being sacked last week.Screenshot 2022-10-17 at 19.28.33

This caused GBP to shoot up, then retreat creating some great counter-trend price action opportunities.

Price action opened with a gap this morning with a new chancellor being appointed over the weekend, who indicated that some tax cuts may not proceed.

We will also look at GBP pairs from the technical side tomorrow and we may have Double Tops and Double Bottoms forming.

If that is not enough we have UK PPI and CPI figures due out Wednesday and UK Retail Sales on Friday so watch for more volatility.Screenshot 2022-10-17 at 19.28.47

As well watch for Australian Employment Change Thursday, Canadian Retail Sales Friday, and an EU Leaders Summit followed by Christine Lagarde’s speech Saturday.

The speech, occurring on Saturday when the markets are closed, may cause another gap Monday morning.Screenshot 2022-10-17 at 19.28.59

Natural Gas opened with a gap to the downside and the Stochastic Oscillator is showing oversold.

If you want to trade the gap; be careful as this is a trade against the trend.

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

Also, 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 next time.

CFDs and FX are leveraged products and your capital may be at risk.17 October 2022 Fundamentals EN TN

 

Disclaimer:

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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