Forex Trade Idea: EURJPY and USDJPY sell trades on geopolitical tensions
The Japanese Yen is the third most commonly traded currency in the world after the US Dollar and the Euro. The Japanese Yen is the national currency for the nation of Japan, which has the third largest national economy in terms of Nominal GDP. Japan is a unique economy, with large manufacture and export of automobiles and electronic goods. The nation is usually considered one of the most innovative in the world, and with the recent rise of Chinese and South Korean manufacturing Japan has begun to focus on high-tech and precision goods. its Generally accepted as one of the safe heaven currencies along side Swiss Franc (CHF) - value of currency tends to increase when extra risk arise of holding alternative currency (e.g. EUR or USD).
Trade Idea - Brent Oil to Test $100 mark on Geopolitical tensions
Oil prices jumped more than $2 on Tuesday on supply disruption worries as tensions between Russia and Ukraine escalated, after Moscow ordered troops into two breakaway regions in eastern Ukraine.
Trade idea - AUDUSD
The Australian dollar is turning a corner as a global recovery from the pandemic brings a windfall for the commodities exporting nation.
Trade Idea - Oil
The Euro rose alongside S&P 500 stock index futures – a bellwether for market-wide risk appetite – amid renewed hopes for a diplomatic solution to the crisis brewing at the border between Russia and Ukraine. That is after China’s Foreign Minister Wang Yi signaled Beijing’s opposition to any would-be invasion of the latter country by the former at the Munich Security Conference over the weekend.
Apple Aims to Debut a New Low-Cost 5G iPhone and iPad in Early March
Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year for product launches.
Bitcoin rose above its 50-day moving average on Monday for the first time in more than two months.
The largest cryptocurrency rose as much as 3% to $42,956, compared with the 50-day technical mark which was around $42,810. It built on Friday’s rise -- the biggest since October -- which had taken it back above the key round-number level of $40,000, and held over the weekend.
GBPUSD Interest Rake Hike to Strengthen GBP
The dollar was down on Monday morning in Asia. Investors are awaiting central bank meetings including Australia, the UK, and Europe.
