Blogs

<p>GBP/JPY has risen by hundreds of pips since hitting new monthly lows last week. Are we looking at a pullback opportunity? Or was last week’s downswing just a fluke?</p>

<p>Forex playas are in for a busy week as we look forward to major central bank decisions and closely watched data drops from the major economies.</p>

<p>As the holiday season draws near, the quest for the perfect gift intensifies. While traditional presents undoubtedly have their allure, an emerging trend has seen an increasing number of individuals considering financial gifts like Gold as a pragmatic and thoughtful alternative.</p>

USD/CAD is marking time trading around the 1.36 point. Economists at Scotiabank analyze the pair’s outlook.

The Kiwi finds buyers at 0.6100 although it remains capped below 1.6130 so far.

Sterling is sitting on top of the daily performance league for the major currencies.

Natural Gas (XNG/USD) is sinking as traders jump ship this Monday ahead of the US opening bell for this week. A buildup of different elements is pushing Natural Gas prices into a correction.

The US Dollar (USD) is riding the reversal wave against last week’s turbulence that sparked after comments from Bank of Japan (BoJ)’s Chairman Kazuo Ueda who said that the end of negative monetary rates was near.

EUR/USD holds modest gains through upper 1.07s. Economists at Scotiabank analyze the pair’s outlook.

Gold is under increasing bearish pressure after breaching the $2,000 level.