Forex: During the last week’s US trade tariff, ECB, BOJ, and NFP were unable to deliver clear FX trends on a weekly basis.

Equity: Stronger US jobs data on Friday, lifted the equities higher, which turned the weekly percentages on a positive note. In the US all the three benchmark indexes posted their best weekly performance in three weeks.

Crypto: The most famous digital currency Bitcoin was down by nearly 29% last week, which has re-tested the near-term support levels.

This week’s, US inflation data should fix the FX weekly trends.

FX snapshot:

  • AUDUSD: Triple bottom
  • EURUSD: Double top
  • GBPUSD:  Neutral
  • NZDUSD: Rangebound
  • USDJPY: Rebound resuming
  • Gold: Minor consolidation likely
  • Brent: Support elevated
  • Bitcoin: Re-tested the support zone

Read the FX snapshots full story: KTM Weekly FX snapshots 2

It is important to always keep in mind the risks involved in trading with leveraged instruments.

Have a question? Let us help!

A KTM Analyst is ready to assist you, click on the comment section below