ORBEX: GBPCHF & EURJPY Follow Identical Pattern (hint: bullish)!
In today’s #marketinsights video recording, I talk about #fxminors #EURJPY and #GBPCHF as they both seem to be moving within an identical pattern.
Despite the added uncertainty amid the latest delay drama of phase-1 of a potential trade deal between US and China, safe-havens #yen and #franc seemed unaffected by at least this type of flows.
That suggests that participants are now shifting to more exciting events, expected to trade trade war flows when a more significant and certain development comes on the surface.
Until then, #euro and #pound inflows could push the aforementioned pairs higher, with the latter hanging on today's #BoE meeting.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Despite the added uncertainty amid the latest delay drama of phase-1 of a potential trade deal between US and China, safe-havens #yen and #franc seemed unaffected by at least this type of flows.
That suggests that participants are now shifting to more exciting events, expected to trade trade war flows when a more significant and certain development comes on the surface.
Until then, #euro and #pound inflows could push the aforementioned pairs higher, with the latter hanging on today's #BoE meeting.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
