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USD Stronger Again. Gold (XAUUSD) Still Trending Down. FOMC in Focus.


Hey Valutraders! The USD just keeps getting stronger!

Subscribe to Free Valutrades Signals at

I’m Brad Alexander and in this week’s Market Blast Fundamentals let’s take a look at Gold (XAUUSD), GBPUSD, NZDUSD, USDJPY, and EURUSD.

The latest set of US economic data has the Fed increasing Interest Rates again so the USD is getting stronger.Screenshot 2023-02-20 at 18.03.18

Therefore, investors and traders will be watching the FOMC Meeting Minutes this week along with other Fed speeches.Screenshot 2023-02-20 at 18.03.26Screenshot 2023-02-20 at 18.03.34

The JPY is weaker again.

Kazuo Ueda, the government’s nominee to become the next BOJ  governor, is expected to speak at a confirmation hearing at the lower house of parliament on February 24th. 

Also, a Japanese CPI report is due the same day so watch for volatility.Screenshot 2023-02-20 at 18.03.41

The NZD is also quite weak but for different reasons than the JPY.

Inflation is a big problem in New Zealand and extreme weather isn’t helping.

The Reserve Bank of New Zealand will be announcing a new Interest Rate and analysts see this as a 0.5% increase but no one is 100% sure.

This could offer some great trading opportunities if the consensus is wrong.

Also, watch for the UK’s PMI figures tomorrow which will be critical data in a fragile economy.Screenshot 2023-02-20 at 18.03.57

Gold is still trending down thanks to the strong USD and we see a technical opportunity for tomorrow’s video.

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.20 February 2023 Fundamentals 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.