Market News and Charts for October 10, 2018
Hey traders! Below are the latest forex chart updates for Wednesday’s sessions. Learn from the provided analysis and apply the recommended positions to your next move. Good day and Good Luck!
USD/CHF
The US Dollar will continue to suffer due to a decline in the US Stocks. Along with that, the different view coming from the EU and US when it comes to globalization will have a big impact on the price of USDCHF. Expect a continued fall in the price of the pair in the following days.
GBP/USD
The uncertainty of the Brexit Deal by Prime Minister Theresa May will put the currency to a dim situation and investors will continue to be skeptical until a deal is done and agreed by the UK and the EU. The price will continue to fall until the next deal is presented.
EUR/USD
The re-ordering of the Global World Order puts the European Union in a stance to lead the world toward globalization and multilateralism despite the United States decision to be isolated itself. EURUSD is expected to go up in the following days.
USD/JPY
The slump in the price of the US Stocks makes the Japanese Yen more attractive compared to the US Dollar for investors looking for a safe haven. Expect the price of USDJPY to fall down further until stability in the US Stock will be met.
