Latham Lapard

USD/JPY has climbed somewhat during last week but as we see on SAR indicator, it’s bearish trend that’s overall taking the place. The bearish trend has been running since last couple of weeks, it’s highly unlikely that we will see this stopping anytime soon.

GBP/USD pair dropped massively as expected after the election fiasco. It has gained somewhat this week in early hours, but we are not overly bullish for the pair. It is also seen on SAR indicator that the pair is running into a bearish trend.

EUR/USD pair this week was neutral with no major movements either direction. As we look at SAR indicator, it shows similar lines with so massive strength shown, but still the trend is very much showing for the bearish run ahead with Fed Rate Hike pulling up.

EUR/USD this week has been very much negative and which was mostly to do with the Donald Trump’s actions regarding the firing of FBI Director James Comey which caused the dollar to weaken, it is likely that we will see it having effect this week as well.

AU has been seen in major pressure due to the events taking place in recent times, but has really taken positive mood this week so far. It is very much likely that we will see things continue in that way only. We could do better at going for buy at any noticeable dropping that comes.

EJ pushed extremely high so far in the week with all things working right. But with so many things to flip once we enter into this week, it could really make everything change and run around extremely differently, so just got to be very sharp and make sure we react very wisely.

UJ was in bright mood as per today but there is so major momentum on here, so it is a lot likely case that we could see the story continue in similar zone, but just need to be very enter into trade only if we are certain for positive outcome, we will prefer to go for sell here.

GU was in massive bullish trend, but things have taken a U-turn, it is really not possible for anyone to tell now where it is going but by going recent trends and how all is happening, it’s likely to dip further, so for sellers, it is better bet as of now.

EU has very much remained low levels till now in the week. There is really no major shift in terms of momentum as per now. However, there are major events listed which is likely to have huge impact especially the FOMC and even NFP, it will be extremely important to watch.

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It was a one way trip to the upside when the market opened last week. The price added nearly 110 pips, reaching a high of 1.0779 and a low of 1.0609. It was another week of USD not doing well. Next week is going to be lot volatile as there would be French elections results for round 1, likely nuclear test by North Korea, likely US tax reform bill and other uncertainties which should see the price action to be choppy!

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