Articles
USD/JPY holds above 159.00, traders are on high alert for more intervention
401890 July 12, 2024 09:14 FXStreet Market News
-
USD/JPY
gains
ground
around
159.10
in
Friday’s
early
Asian
session,
up
0.19%
on
the
day. -
Traders
raised
their
bets
on
Fed
rate
cuts
in
September
after
the
softer
US
June
CPI
inflation. -
Further
possible
FX
intervention
from
Japanese
authorities
might
support
the
JPY
and
cap
the
pair’s
upside.
The
USD/JPY
pair
holds
positive
ground
near
159.10
after
bouncing
off
a
nearly
three-week
low
of
157.41
during
the
early
Asian
trading
hours
on
Friday.
The
upside
for
the
pair
might
be
limited
amid
the
fear
of
further
foreign
exchange
(FX)
intervention
by
Japanese
officials.
Traders
will
monitor
the
US
June
Producer
Price
Index
(PPI)
and
the
preliminary
July
Michigan
Consumer
Sentiment
gauge,
which
are
due
later
on
Friday.
The lowest
Consumer
Price
Index
(CPI)
reading in
more
than
three
years
has
triggered
the
possibility
that
the
Federal
Reserve
(Fed)
would
lower
rates
starting
in
September.
The
US
CPI
inflation
was
softer
than
expected
in
June,
with
annualized
headline
CPI
inflation
easing
to
3.0%
YoY
from
the
previous
reading
of
3.3%.
Meanwhile,
the
monthly
CPI
inflation
dropped
0.1%
MoM
in
June
from
last
month’s
flat
0.0%
and
below
the
market
consensus
of
0.1%.
Fed
Chair
Jerome
Powell
acknowledged
the
progress
on
price
pressures,
but
he
was
not
yet
ready
to
declare
inflation.
However,
Powell
added
that
“more
good
data”
would
open
the
door
for
rate
cuts.
Financial
markets
saw
a
nearly
85%
odds
of
a
Fed
rate
cut
in
September,
up
from
the
70%
chance
seen
before
the
CPI
report.
Two
rate
cuts
are
anticipated
this
year.
The
Japanese
Yen
(JPY)
gained
traction
in
the
previous
session
amid
speculation
that
Japanese
authorities
might
step
into
the
FX
market
to
support
its
currency.
Early
Friday,
Japan’s top
currency
diplomat,
Masato
Kanda,
stated
that the
recent
move
of
the
JPY
is
somewhat
rapid
and
he
will
take
appropriate
measures
on
FX
if
needed. The
further
possible
intervention
from
officials
is
likely
to
support
the
JPY
and
act
as
a
headwind
for
USD/JPY
for
the
time
being.
Japanese
Yen
FAQs
The
Japanese
Yen
(JPY)
is
one
of
the
world’s
most
traded
currencies.
Its
value
is
broadly
determined
by
the
performance
of
the
Japanese
economy,
but
more
specifically
by
the
Bank
of
Japan’s
policy,
the
differential
between
Japanese
and
US
bond
yields,
or
risk
sentiment
among
traders,
among
other
factors.
One
of
the
Bank
of
Japan’s
mandates
is
currency
control,
so
its
moves
are
key
for
the
Yen.
The
BoJ
has
directly
intervened
in
currency
markets
sometimes,
generally
to
lower
the
value
of
the
Yen,
although
it
refrains
from
doing
it
often
due
to
political
concerns
of
its
main
trading
partners.
The
current
BoJ
ultra-loose
monetary
policy,
based
on
massive
stimulus
to
the
economy,
has
caused
the
Yen
to
depreciate
against
its
main
currency
peers.
This
process
has
exacerbated
more
recently
due
to
an
increasing
policy
divergence
between
the
Bank
of
Japan
and
other
main
central
banks,
which
have
opted
to
increase
interest
rates
sharply
to
fight
decades-high
levels
of
inflation.
The
BoJ’s
stance
of
sticking
to
ultra-loose
monetary
policy
has
led
to
a
widening
policy
divergence
with
other
central
banks,
particularly
with
the
US
Federal
Reserve.
This
supports
a
widening
of
the
differential
between
the
10-year
US
and
Japanese
bonds,
which
favors
the
US
Dollar
against
the
Japanese
Yen.
The
Japanese
Yen
is
often
seen
as
a
safe-haven
investment.
This
means
that
in
times
of
market
stress,
investors
are
more
likely
to
put
their
money
in
the
Japanese
currency
due
to
its
supposed
reliability
and
stability.
Turbulent
times
are
likely
to
strengthen
the
Yen’s
value
against
other
currencies
seen
as
more
risky
to
invest
in.
DOGE holders may sell if it rises above key accumulation zone
401888 July 12, 2024 09:14 FXStreet Market News
-
DOGE
will
reclaim
a
key
level
if
it
rises
by
5%,
and
traders
will
likely
sell
as
they
break
even. -
DOGE’s
social
volume
has
reached
its
lowest
level
in
the
past
year. -
DOGE
has
underperformed
other
top
meme
coins
year-to-date.
DOGE
is
down
more
than
1%
on
Thursday,
following
key
details
from
its
on-chain
data
revealing
a
potential
support
level
and
buy
zone
amid
market
uncertainty.
Why
the
coast
looks
gloomy
for
DOGE
DOGE
will
reclaim
a
major
support
level
if
it
rises
by
5%
above
$0.112.
IntoTheBlock’s
data
shows
that
more
than
84K
addresses
purchased
35.12
billion
DOGE
around
$0.103
to
$0.112.
However,
with
uncertainty
still
saturating
the
market
and
many
expecting
a
slow
July
for
cryptocurrency
prices,
the
$0.112
level
could
flip
to
a
resistance.
Considering
it
is
DOGE’s
largest
accumulation
zone,
most
investors
who
purchased
the
largest
meme
coin
at
the
$0.112
level
may
consider
de-risking
after
they
break
even.
DOGE
Global
In/Out
of
the
Money
The
current
market
quietness
could
also
prove
a
buy-the-dip
opportunity.
Since
June,
DOGE
saw
its
lowest
social
volume
in
the
past
year,
hovering
around
131
to
145.
Also,
DOGE’s
Market
Value
to
Realized
Value
(MVRV)
30-day
ratio
at
-8%
is
a
potential
buy
signal
in
preparation
for
future
price
growth.
However,
it’s
key
to
note
how
DOGE
has
underperformed
other
meme
coins
in
the
top
100
category.
Other
meme
projects
like
PEPE,
WIF,
BONK,
FLOKI
and
BRETT
have
seen
an
influx
of
capital
and
new
users
while
DOGE
lags.
Hence,
DOGE
may
respond
slowly
to
bullish
market
triggers,
unlike
the
2020/2021
cycle,
when
it
was
the
only
major
meme
coin
in
the
top
100.
In
the
short
term,
DOGE
could
see
several
shorts
liquidated
if
it
rises
to
$0.111,
which
has
a
liquidation
leverage
of
52.43,
according
to
Coinglass
data.
Meanwhile,
Ethereum-based
meme
coin
MOG
coin
has
been
a
standout
cryptocurrency
in
the
top
200
after
rising
17%
in
the
past
week.
Full Article
Japan’s Kanda: Recent Japanese Yen moves are somewhat rapid
401886 July 12, 2024 08:39 FXStreet Market News
Japan’s top
currency
diplomat,
Masato
Kanda,
who
will
instruct
the BoJ to intervene, when
he
judges
it
necessary,
said
on Friday
that the
recent
move
of
the
Japanese
Yen
(JPY)
is
somewhat
rapid
and
he
will
take
appropriate
measures
on
foreign
exchange
(FX)
if
needed.
Key
quotes
Recent
yen
moves
are
somewhat
rapid.Will
take
appropriate
action
on
forex
if
needed.Did
not
comment
whether
intervened
FX market.Can’t
think
if
government
officials
commented
on
forex
interventionYen
moved
5%
in
the
past
month,
which
is
significant.It
is
natural
to
think
recent
forex
moves
were
driven
by
speculators.Weak
Yen
pushes
up
import
costs,
which
would
hurt
people’s
lives.Undesirable
if
excessive
forex
moves
triggered
by
speculators
hurt
people’s
lives.
Market
reaction
At
the
time
of writing, USD/JPY was
trading
at
158.87,
gaining
0.02%
on
the
day.
Japanese
Yen
FAQs
The
Japanese
Yen
(JPY)
is
one
of
the
world’s
most
traded
currencies.
Its
value
is
broadly
determined
by
the
performance
of
the
Japanese
economy,
but
more
specifically
by
the
Bank
of
Japan’s
policy,
the
differential
between
Japanese
and
US
bond
yields,
or
risk
sentiment
among
traders,
among
other
factors.
One
of
the
Bank
of
Japan’s
mandates
is
currency
control,
so
its
moves
are
key
for
the
Yen.
The
BoJ
has
directly
intervened
in
currency
markets
sometimes,
generally
to
lower
the
value
of
the
Yen,
although
it
refrains
from
doing
it
often
due
to
political
concerns
of
its
main
trading
partners.
The
current
BoJ
ultra-loose
monetary
policy,
based
on
massive
stimulus
to
the
economy,
has
caused
the
Yen
to
depreciate
against
its
main
currency
peers.
This
process
has
exacerbated
more
recently
due
to
an
increasing
policy
divergence
between
the
Bank
of
Japan
and
other
main
central
banks,
which
have
opted
to
increase
interest
rates
sharply
to
fight
decades-high
levels
of
inflation.
The
BoJ’s
stance
of
sticking
to
ultra-loose
monetary
policy
has
led
to
a
widening
policy
divergence
with
other
central
banks,
particularly
with
the
US
Federal
Reserve.
This
supports
a
widening
of
the
differential
between
the
10-year
US
and
Japanese
bonds,
which
favors
the
US
Dollar
against
the
Japanese
Yen.
The
Japanese
Yen
is
often
seen
as
a
safe-haven
investment.
This
means
that
in
times
of
market
stress,
investors
are
more
likely
to
put
their
money
in
the
Japanese
currency
due
to
its
supposed
reliability
and
stability.
Turbulent
times
are
likely
to
strengthen
the
Yen’s
value
against
other
currencies
seen
as
more
risky
to
invest
in.
USD/CAD trades with bearish bias below 1.3650, investors await US PPI data
401885 July 12, 2024 08:39 FXStreet Market News
-
USD/CAD
weakens
around
1.3630
in
Friday’s
early
Asian
session. -
The
softer
US
June
inflation
readings
increased
Fed
rate
cut
bets. -
The
recovery
of
crude
oil
prices
might
cap
the
pair’s
upside.
The
USD/CAD
pair
trades
with
mild
losses
near
1.3630
after
bouncing
off
the
two-month
lows
around
1.3588
during
the
early
Asian
session
on
Friday.
The
pair
edges
lower
after
the
softer-than-expected
US
inflation
readings
in
June
have
fueled
the
expectation
of
a
Federal
Reserve
(Fed)
rate
cut
in
September,
which
weighs
on
the
Greenback.
US
inflation,
as
measured
by
the
Consumer
Price
Index
(CPI),
declined
0.1%
MoM
in
June,
the
lowest
level
in
more
than
three
years,
the
Labor
Department
reported
Thursday.
The
headline
CPI
increased
3.0%
on
a
yearly
basis
in
June,
compared
to
a
rise
of
3.3%
in
May,
below
the
market
consensus
of
3.1%.
The
core
CPI,
which
excludes
volatile
food
and
energy
prices,
rose
3.3%
YoY
in
June
compared
to
May’s
increase
and
expectation
of
3.4%
In
response
to
the
data,
investors
in
the
fed
funds
futures
market
increased
their
bets
that
the
US
Fed
would
lower
rates
starting
in
September.
According
to
CME
Group’s FedWatch
Tool,
markets
are
now
pricing
in
nearly
89%
odds
of
a
September
Fed
meeting
rate
cut,
up
from
73%
on
Wednesday.
Furthermore,
the
US
weekly
Initial
Jobless
Claims
for
the
week
ending
July
6
increased
by
222,000,
compared
to
the
previous
week’s
239,000,
the
lowest
level
since
June
1.
This
figure
came
in
better
than the
expectations
of 236,000.
On
the
Loonie
front,
Canada’s
Unemployment
Rate
rose
to
6.4%
and
the
economy
lost
1,400
jobs
in
June,
prompting
a
higher
probability
that
the
Bank
of
Canada
(BoC)
would
cut
further
interest
rates.
The
weaker
Canada’s
June
labour
market
data
might
undermine
the
Canadian
Dollar
(CAD)
and
create
a
tailwind
for
USD/CAD.
However,
the
rebound
of
crude
oil
prices
might
help
limit
the
CAD’s
losses,
as
Canada
is
the
major
crude
oil
exporter
to
the United
States.
Canadian
Dollar
FAQs
The
key
factors
driving
the
Canadian
Dollar
(CAD)
are
the
level
of
interest
rates
set
by
the
Bank
of
Canada
(BoC),
the
price
of
Oil,
Canada’s
largest
export,
the
health
of
its
economy,
inflation
and
the
Trade
Balance,
which
is
the
difference
between
the
value
of
Canada’s
exports
versus
its
imports.
Other
factors
include
market
sentiment
–
whether
investors
are
taking
on
more
risky
assets
(risk-on)
or
seeking
safe-havens
(risk-off)
–
with
risk-on
being
CAD-positive.
As
its
largest
trading
partner,
the
health
of
the
US
economy
is
also
a
key
factor
influencing
the
Canadian
Dollar.
The
Bank
of
Canada
(BoC)
has
a
significant
influence
on
the
Canadian
Dollar
by
setting
the
level
of
interest
rates
that
banks
can
lend
to
one
another.
This
influences
the
level
of
interest
rates
for
everyone.
The
main
goal
of
the
BoC
is
to
maintain
inflation
at
1-3%
by
adjusting
interest
rates
up
or
down.
Relatively
higher
interest
rates
tend
to
be
positive
for
the
CAD.
The
Bank
of
Canada
can
also
use
quantitative
easing
and
tightening
to
influence
credit
conditions,
with
the
former
CAD-negative
and
the
latter
CAD-positive.
The
price
of
Oil
is
a
key
factor
impacting
the
value
of
the
Canadian
Dollar.
Petroleum
is
Canada’s
biggest
export,
so
Oil
price
tends
to
have
an
immediate
impact
on
the
CAD
value.
Generally,
if
Oil
price
rises
CAD
also
goes
up,
as
aggregate
demand
for
the
currency
increases.
The
opposite
is
the
case
if
the
price
of
Oil
falls.
Higher
Oil
prices
also
tend
to
result
in
a
greater
likelihood
of
a
positive
Trade
Balance,
which
is
also
supportive
of
the
CAD.
While
inflation
had
always
traditionally
been
thought
of
as
a
negative
factor
for
a
currency
since
it
lowers
the
value
of
money,
the
opposite
has
actually
been
the
case
in
modern
times
with
the
relaxation
of
cross-border
capital
controls.
Higher
inflation
tends
to
lead
central
banks
to
put
up
interest
rates
which
attracts
more
capital
inflows
from
global
investors
seeking
a
lucrative
place
to
keep
their
money.
This
increases
demand
for
the
local
currency,
which
in
Canada’s
case
is
the
Canadian
Dollar.
Macroeconomic
data
releases
gauge
the
health
of
the
economy
and
can
have
an
impact
on
the
Canadian
Dollar.
Indicators
such
as
GDP,
Manufacturing
and
Services
PMIs,
employment,
and
consumer
sentiment
surveys
can
all
influence
the
direction
of
the
CAD.
A
strong
economy
is
good
for
the
Canadian
Dollar.
Not
only
does
it
attract
more
foreign
investment
but
it
may
encourage
the
Bank
of
Canada
to
put
up
interest
rates,
leading
to
a
stronger
currency.
If
economic
data
is
weak,
however,
the
CAD
is
likely
to
fall.
Singapore Gross Domestic Product (QoQ) rose from previous 0.1% to 0.4% in 2Q
401883 July 12, 2024 08:15 FXStreet Market News
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FXStreet.
FXStreet
and
the
author
do
not
provide
personalized
recommendations.
The
author
makes
no
representations
as
to
the
accuracy,
completeness,
or
suitability
of
this
information.
FXStreet
and
the
author
will
not
be
liable
for
any
errors,
omissions
or
any
losses,
injuries
or
damages
arising
from
this
information
and
its
display
or
use.
Errors
and
omissions
excepted.
The
author
and
FXStreet
are
not
registered
investment
advisors
and
nothing
in
this
article
is
intended
to
be
investment
advice.
Singapore Gross Domestic Product (YoY) above forecasts (2.7%) in 2Q: Actual (2.9%)
401882 July 12, 2024 08:14 FXStreet Market News
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on
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pages
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that
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on
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page
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only
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not
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any
way
come
across
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recommendation
to
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research
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from
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or
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It
also
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Markets
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or
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All
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The
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The
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If
not
otherwise
explicitly
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in
the
body
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the
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at
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time
of
writing,
the
author
has
no
position
in
any
stock
mentioned
in
this
article
and
no
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with
any
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mentioned.
The
author
has
not
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FXStreet.
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The
author
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investment
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GBP/USD Extends upbeat rally as US CPI inflation cools
401878 July 12, 2024 07:39 FXStreet Market News
-
GBP/USD
found
the
gas
pedal
and
extended
into
a
two-day
bull
run. -
US
CPI
inflation
cooled
in
June,
and
reigniting
rate-cut
bets. -
US
PPI
wholesale
inflation
on
the
docket
for
Friday.
GBP/USD
extended
into
a
second
day
of
a
topside
run,
breaking
through
a
firm
supply
zone
and
setting
a
fresh
peak
for
2024
near
1.2950.
The
pair
set
a
new
50-week
high
as
the
Greenback
tumbled
across
the
board
after
US
Consumer
Price
Index
(CPI)
inflation
cooled
to
its
lowest
levels
since
2021.
Forex
Today: Focus
remains
on
US
inflation
In
June,
US
CPI
inflation
was
lower
than
expected.
The
annualized
headline
CPI
inflation
dropped
to
3.0%
YoY
from
the
previous
3.3%,
lower
than
the
forecasted
3.1%.
Additionally,
CPI
inflation
decreased
by
-0.1%
MoM
in
June,
down
from
the
previous
month’s
0.0%
and
below
the
expected
0.1%.
For
the
week
ending
July
5,
US
Initial
Jobless
Claims
decreased
to
222K,
down
from
the
revised
239K
of
the
previous
week
and
better
than
the
forecasted
236
K.
This
decline
in
jobless
claims
reduced
the
four-week
average
to
233.5K
from
the
previous
238.75
K.
Due
to
the
accelerated
cooling
of
US
CPI
inflation,
market
expectations
for
a
rate
hike
from
the
Federal
Reserve
(Fed)
are
now
indicating
the
possibility
of
three
quarter-point
rate
cuts
in
2024.
The
CME’s
FedWatch
Tool
is
showing
a
95%
increase
in
the
likelihood
of
a
rate
cut
in
September.
With
US
CPI
data
out
of
the
way,
all
that’s
left
for
the
week
is
Friday’s
US
Producer
Price
Index
(PPI)
wholesale
inflation
print,
which
could
throw
a
wrench
in
the
works
for
rate-cut
hopefuls.
Core
PPI
for
the
year
ended
in
June
is
expected
to
tick
upwards
to
2.5%
from
the
previous
2.3%
as
businesses
continue
to
face
higher
cost
pressures
than
the
Fed
would
like
to
see.
British
Pound
PRICE
Today
The
table
below
shows
the
percentage
change
of
British
Pound
(GBP)
against
listed
major
currencies
today.
British
Pound
was
the
strongest
against
the
Japanese
Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | -0.01% | 0.32% | 0.00% | -0.06% | 0.14% | 0.07% | |
| EUR | -0.01% | -0.02% | 0.36% | -0.01% | -0.08% | 0.12% | 0.04% | |
| GBP | 0.01% | 0.02% | 0.37% | 0.00% | -0.07% | 0.14% | 0.05% | |
| JPY | -0.32% | -0.36% | -0.37% | -0.37% | -0.41% | -0.23% | -0.29% | |
| CAD | -0.01% | 0.00% | -0.01% | 0.37% | -0.07% | 0.12% | 0.04% | |
| AUD | 0.06% | 0.08% | 0.07% | 0.41% | 0.07% | 0.20% | 0.13% | |
| NZD | -0.14% | -0.12% | -0.14% | 0.23% | -0.12% | -0.20% | -0.07% | |
| CHF | -0.07% | -0.04% | -0.05% | 0.29% | -0.04% | -0.13% | 0.07% |
The
heat
map
shows
percentage
changes
of
major
currencies
against
each
other.
The
base
currency
is
picked
from
the
left
column,
while
the
quote
currency
is
picked
from
the
top
row.
For
example,
if
you
pick
the
British
Pound
from
the
left
column
and
move
along
the
horizontal
line
to
the
US
Dollar,
the
percentage
change
displayed
in
the
box
will
represent
GBP
(base)/USD
(quote).
GBP/USD
technical
outlook
The
Cable’s
Thursday
bull
run
dragged
the
pair
into
a
50-week
peak
just
shy
of
1.2950,
and
the
pair
is
up
2.65%
from
July’s
early
swing
low
near
1.2615.
Daily
candlesticks
have
resumed
a
near-term
topside
run,
closing
in
the
green
for
all
but
two
of
the
last
eleven
consecutive
trading
days.
It’s
the
bulls’
game
to
lose
as
a
bearish
turnaround
from
here
will
drag
GBP/USD
back
into
major
technical
levels
near
the
200-day
Exponential
Moving
Average
(EMA)
at
1.2606.
GBP/USD
hourly
chart
GBP/USD
daily
chart
Pound
Sterling
FAQs
The
Pound
Sterling
(GBP)
is
the
oldest
currency
in
the
world
(886
AD)
and
the
official
currency
of
the
United
Kingdom.
It
is
the
fourth
most
traded
unit
for
foreign
exchange
(FX)
in
the
world,
accounting
for
12%
of
all
transactions,
averaging
$630
billion
a
day,
according
to
2022
data.
Its
key
trading
pairs
are
GBP/USD,
aka
‘Cable’,
which
accounts
for
11%
of
FX,
GBP/JPY,
or
the
‘Dragon’
as
it
is
known
by
traders
(3%),
and
EUR/GBP
(2%).
The
Pound
Sterling
is
issued
by
the
Bank
of
England
(BoE).
The
single
most
important
factor
influencing
the
value
of
the
Pound
Sterling
is
monetary
policy
decided
by
the
Bank
of
England.
The
BoE
bases
its
decisions
on
whether
it
has
achieved
its
primary
goal
of
“price
stability”
–
a
steady
inflation
rate
of
around
2%.
Its
primary
tool
for
achieving
this
is
the
adjustment
of
interest
rates.
When
inflation
is
too
high,
the
BoE
will
try
to
rein
it
in
by
raising
interest
rates,
making
it
more
expensive
for
people
and
businesses
to
access
credit.
This
is
generally
positive
for
GBP,
as
higher
interest
rates
make
the
UK
a
more
attractive
place
for
global
investors
to
park
their
money.
When
inflation
falls
too
low
it
is
a
sign
economic
growth
is
slowing.
In
this
scenario,
the
BoE
will
consider
lowering
interest
rates
to
cheapen
credit
so
businesses
will
borrow
more
to
invest
in
growth-generating
projects.
Data
releases
gauge
the
health
of
the
economy
and
can
impact
the
value
of
the
Pound
Sterling.
Indicators
such
as
GDP,
Manufacturing
and
Services
PMIs,
and
employment
can
all
influence
the
direction
of
the
GBP.
A
strong
economy
is
good
for
Sterling.
Not
only
does
it
attract
more
foreign
investment
but
it
may
encourage
the
BoE
to
put
up
interest
rates,
which
will
directly
strengthen
GBP.
Otherwise,
if
economic
data
is
weak,
the
Pound
Sterling
is
likely
to
fall.
Another
significant
data
release
for
the
Pound
Sterling
is
the
Trade
Balance.
This
indicator
measures
the
difference
between
what
a
country
earns
from
its
exports
and
what
it
spends
on
imports
over
a
given
period.
If
a
country
produces
highly
sought-after
exports,
its
currency
will
benefit
purely
from
the
extra
demand
created
from
foreign
buyers
seeking
to
purchase
these
goods.
Therefore,
a
positive
net
Trade
Balance
strengthens
a
currency
and
vice
versa
for
a
negative
balance.
New Zealand Electronic Card Retail Sales (MoM) increased to -0.6% in June from previous -1.1%
401877 July 12, 2024 07:39 FXStreet Market News
Information
on
these
pages
contains
forward-looking
statements
that
involve
risks
and
uncertainties.
Markets
and
instruments
profiled
on
this
page
are
for
informational
purposes
only
and
should
not
in
any
way
come
across
as
a
recommendation
to
buy
or
sell
in
these
assets.
You
should
do
your
own
thorough
research
before
making
any
investment
decisions.
FXStreet
does
not
in
any
way
guarantee
that
this
information
is
free
from
mistakes,
errors,
or
material
misstatements.
It
also
does
not
guarantee
that
this
information
is
of
a
timely
nature.
Investing
in
Open
Markets
involves
a
great
deal
of
risk,
including
the
loss
of
all
or
a
portion
of
your
investment,
as
well
as
emotional
distress.
All
risks,
losses
and
costs
associated
with
investing,
including
total
loss
of
principal,
are
your
responsibility.
The
views
and
opinions
expressed
in
this
article
are
those
of
the
authors
and
do
not
necessarily
reflect
the
official
policy
or
position
of
FXStreet
nor
its
advertisers.
The
author
will
not
be
held
responsible
for
information
that
is
found
at
the
end
of
links
posted
on
this
page.
If
not
otherwise
explicitly
mentioned
in
the
body
of
the
article,
at
the
time
of
writing,
the
author
has
no
position
in
any
stock
mentioned
in
this
article
and
no
business
relationship
with
any
company
mentioned.
The
author
has
not
received
compensation
for
writing
this
article,
other
than
from
FXStreet.
FXStreet
and
the
author
do
not
provide
personalized
recommendations.
The
author
makes
no
representations
as
to
the
accuracy,
completeness,
or
suitability
of
this
information.
FXStreet
and
the
author
will
not
be
liable
for
any
errors,
omissions
or
any
losses,
injuries
or
damages
arising
from
this
information
and
its
display
or
use.
Errors
and
omissions
excepted.
The
author
and
FXStreet
are
not
registered
investment
advisors
and
nothing
in
this
article
is
intended
to
be
investment
advice.