Big Movers From This Week

Welcome Traders!

This could well be an interesting week – one for the history books.

During most of 2022, we saw a very rare occurrence of migration towards the U.S. Dollar triggered by several coinciding events. Increasing inflation, global political instability, and ongoing ripple effects of COVID.

This was demonstrated clearly in the markets, when we saw the USD become the central axis uniting all asset classes. If the dollar moved, so did almost every other major instrument against it in some sort of well-coordinated dance.

From October 2022 however, things appeared to ease, with asset classes uncoupling from the USD. We saw Crude Oil drop, Gold climb, and even the JPY relax.

Now, the markets appear to be sliding back into a similar co-ordinated dance. Could this mean a return to the same types of market moves we saw dominate most of last year? Yes, quite possibly.

We still don’t have inflation under control, Russia is still in Ukraine, with increasing tensions now against NATO nations, and even COVID still rampant in many parts of the world.

How does that translate to the charts?

Well, it means traders could move on the banks of a falling (read: trending) series of markets; Majors in FX, Commodities, Indices and even Cryptos.

Charts such as these could come into serious focus:

Happy Trading!

Adam Harris

FXGlobe Ambassador Adam Harris is based in London, UK. He’s been trading professionally since 2013 and his specialties are technical and trend-based trading.

Trading Advice Disclaimer:
Our Ambassador’s Daily Picks are not trading advice. These are informational articles covering the events which happened in the market already & scheduled events which are scheduled to happen in the Economic & Earnings Calendar.

General Risk Warning:
Trading leveraged products such as Forex and CFDs carries a high level of risk thus may not be appropriate and/or suitable for all investors. The investment value can both increase and/or decrease and the investors may lose all their invested capital. The content of this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Under no circumstances shall the Company or affiliated Companies have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to leveraged products.

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