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USD in Focus with interest Rates & Non-Farm Payrolls. Nikkei Flying after Election.

   

Welcome to this week’s Market Blast Fundamentals.

Subscribe to 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 GBPUSD, AUDUSD, USDJPY and the Nikkei (JP225).

The Japanese general election was held yesterday and the ruling government of Prime Minister Kishida managed to stay in power, thereby removing uncertainty in the markets.Screenshot 2021-11-01 at 11.08.48

This saw the Nikkei jump higher but there is still room to move up to the all-time high from September.Screenshot 2021-11-01 at 11.09.02

JPY is weaker on the news as many officials in the government feel that a weaker Yen is better for exports and, obviously, better for the Nikkei.Screenshot 2021-11-01 at 11.09.14

We see a stronger USD since last week but we will be watching the US Federal Reserve this week.

Wednesday, we expect that Jerome Powell will announce the tapering of bond purchasing and the prospect of Interest Rate rises next year.Screenshot 2021-11-01 at 11.09.24

We will want to know when it will happen, how many times, and by how much.

As well, we have the US Non-Farm Payrolls on Friday.

The Reserve Bank of Australia and the Bank of England will also be deciding on Interest Rates so we expect lots of volatility this week on USD, GBP and AUD.Screenshot 2021-11-01 at 11.09.53

We see AUD strength so we will look for counter-trend price action around the news.

On the contrary, we see GBP weakness but any hint of an Interest Rate rise should strengthen the Pound.

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.1 Nov 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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