Welcome to this week’s Market Blast Fundamentals.


I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at EURUSD, USDTRY, GBPUSD, USDJPY and EURJPY.

We have a busy week coming up so let’s start with Japan where JPY has been getting weaker all year and we have been looking at the possibility of a reversal.

Looking at today’s 4-hour charts, we see that a hint of reversal on most pairs even though the Bank of Japan is fighting Deflation and a bond-yield differential with the United States.

However, keep in mind that we have a general election this Sunday and, without going into details, not everyone running is happy with the idea of a weaker Yen.

Also we have an Interest Rate decision and statement on  Thursday.

Speaking of which, we have Interest Rate decisions from the Bank of Canada and the European Central Bank this week so watch for volatility and some opportunities.

The UK Pound is weaker today, as well, and the market is waiting for Wednesday and the Chancellor’s budget as the UK is facing Inflation issues and possible tax increases.

The Turkish Lira has reached 9.8 against USD, which is a record, with a bigger than expected Interest Rate cut but the Central Bank is in disarray and has lost all credibility now.

President Erdogan has caused a diplomatic issue by ordering the expulsion of ambassadors from 10 major countries.

We have the opportunity to trade the reversal on the Turkish Lira, but we will need to see a lot of better news before opening a position.

Investors will be watching key US economic events this week to see where the economy is going but next week will be critical as the US Congress will try to pass President Biden’s economic packages and the US Federal Reserve may announce the beginning of tapering which will see USD going stronger.

Thanks for watching and don’t forget to 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 tomorrow.

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

While we may offer market commentary based on fundamental or technical analysis, we do not offer trading advice and cannot be held liable for any decisions taken by viewers and readers of our material.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD climbs above 1.1250 as investors eye coronavirus headlines

EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.


GBP/USD rebounds toward mid-1.3300s on broad dollar weakness

GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.


Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium

Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.

Gold News

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40. 

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!