GBP/JPY: fundamental review & forecast

In this review we'll see is it cost to invest in risky pound or choose the safest Yen

Fundamental Analysis
2023年5月18日

The rates continue within the uptrend, although after reaching 8-year highs, we have seen consolidation. The pound continues to receive support due to the tightening of monetary policy, as well as the demand for risky assets. Unlike the US, here the cycle of rising rates has not yet ended, and inflation remains above 10%. At the same time, macroeconomic reports are holding back the pound as unemployment is on the rise.

The yen managed to cope with the pressure and consolidate, thanks to excellent GDP growth in the 1st quarter and a reduction in the trade deficit. At the same time, the monetary policy of the Bank of Japan is unlikely to change this year, which will constantly weaken the yen versus other currencies.

Today, the market is dominated by optimism as the US is making progress in negotiations on the revision of the external debt limit. The pound has also received its share of support as risky assets rise in price. The pound is growing for the second trading day in a row, and is already testing monthly highs. Most technical analysis tools indicate the effectiveness of the deals to BUY in the near future. We believe that such deals will be effective in the near future and investing in pound today.

Stanislav Litinskyi

Fundamental Analysis

AUD/USD: fundamental review & forecast

Both currencies are the same strong or the same weak but today we consider the deals to SELL more perspective because risky assets aren't in demand.

Stanislav Litinskyi
2023年5月11日

Fundamental Analysis

GBP/CHF: fundamental review & forecast

You can earn with this currency pair right now and next week. Today we invest in Pound.

Stanislav Litinskyi
2023年5月04日

Fundamental Analysis

EUR/CAD: fundamental review & forecast

Raw assets still not in demand. Today we prefer the EUR and open the deals to BUY and waiting for achieving 3-year maximum

Stanislav Litinskyi
2023年4月28日