Risk aversion vibes dominated & with a potential BOJ policy shift, JPY easily took the top spot among the majors this week, followed by USD thanks to safe haven flows.
It was a battle between the slowing global growth outlook vs. potential rate cut narratives, with the former weighing the heaviest & leading to a strong week for USD
Thinking of trading extreme market levels these days? Here are a few things to consider before jumping in.
EUR/USD is bouncing from a potential support zone! Will the pair maintain its uptrend today?
CHF/JPY dropped sharply earlier this week, enough to hit a key support zone. Can the pair maintain its long-term trend? Or will we see a breakout today?
NZD/USD has pulled back from its intraweek trend ahead of today’s U.S. session trading! Will the pair extend its downtrend? Or will we see an upside breakout today?