FX Monthly Trade

USD/JPY has been a particularly tricky pair to trade with its small daily ranges beneath a big resistance level. But with key economic data from the US, a Powell speech and next week's BOJ meeting in the pipeline, it can't stay trapped there for ever. Besides, forex trading can be like a fine wine, as a currency needs to be paired wisely to heighten its trading potential. And that has placed EUR/JPY and GBP/JPY into focus for potential setups.

AUD/USD has been given every opportunity to continue spiraling lower recently and hasn’t. Perhaps there's a message in that?

EUR/USD fell for 9th week by Friday's close, its worst weekly run since 1997. Yet whilst that could mean it is 'owed' a bounce, history suggests such bearish runs are later accompanied by further losses, as macro themes can trump technicals during such times. And that places this week's FOMC meeting into focus, where we discuss the likelihood that it might be more dovish than markets currently are pricing in.

The Jackson Hole symposium, an annual economic policy conference sponsored by the Federal Reserve Bank of Kansas City, has arrived. And Jerome Powell's speech will be the highlight. We look at what impact it could have on AUD/USD.

US inflation and Thursday's BOE meeting are key events for GBP/USD traders to keep an eye on, ahead of the UK's data dump on Friday.

The US dollar was the weakest major on Wednesday, allowing EUR/USD to close in on its YTD high. But can it break such a milestone upon its first retest?

With volatility and headline risk remaining high, we take a look at some of the key drivers and how to approach the currency market under such conditions.

December’s employment report raised a few eyebrows, as it was the first in a while to miss expectations and prompted us to question whether cracks were appearing in the economy. January’s report suggests there are.

We noted that futures traders are increasingly net-short the Nasdaq, and that February has been the most volatile months for the index over the past five years.

Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.

With prices falling whilst futures traders increase their bullish exposure to the Australian dollar, we’re keen to see if it can hold above 0.73 and form a countertrend bounce.