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.
- 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