September market selloff on US indices, forex trading USD/JPY safe haven, WTI Crude Oil falling [Video]

Brad Alexander FX Large Limited

The month of September, after US Labour Day, can often be bad for the stock exchanges.

We can see that all the US indices fell with profit-taking.

So where did all the cash go?

It seems that an old habit of investing in the safe haven of JPY is back in style.

All the JPY pairs are falling with the stronger yen with USDJPY down to 143.

Tomorrow will be an important day for investors, traders and the Fed with the US Non-Farm Payrolls.

If the Fed gets more ammunition for an Interest Rate decrease, equities may recover.

Canadian Employment data is due at the same time which can give us some interesting trading opportunities.

Lately, CAD is weaker except against AUD.

We may have a long opportunity on USDCAD with the short-term bull run.

Price action is at a key level of $1.35 and the stochastic oscillator is oversold.

But, again, watch out for tomorrow’s economic news.

CAD weakness can be attributed to the falling price of WTI Crude Oil.

We have to move out to the weekly chart to see serious support at the current price.

That’s all for now.

CFDs and FX are leveraged products and your capital may be at risk.

Author

Brad Alexander

FX Large Limited

Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.