Market covered in this weeks Weekly Forex Forecast:
Currency markets are warning of a Deflationary outlook with Risk Off set ups apparent accross the board. The Chf & Usd look particularly strong this week with the Jpy also looking to provide good long opportunities.
Commodity currencies look to be the most exposed this week with Aud, Nzd & Cad looking to provide good short opportunities.
With Crude Oil recently rolling over last week the Canadian Dollar looks particularly exposed to weakness with UsdCad longs & CadChf plus CadJpy shorts looking like good set ups.
With this in mind, AudChf, NzdChf, AudJpy and NzdJpy all look set for further declines and are some of my top picks this week alongside their counter parts AudUsd and NzdUsd.
Stocks are still holding their current uptrend structure but broad Risk Off moves in Forex markets may point to a bumpy road ahead for Stocks over the next month or so.
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