With risk-off mode expected to stay, buy safe-havens like gold and yen.
With more MPC members expected to vote for a rate cut tonight due to weaker UK’s growth in general, we could expect dovish sentiments from Governor Carney. GBP/JPY could slide further.
With US-China trade tensions easing, improvement in US data and limited cases of Coronavirus in the US, Fed has no urgency to change its stance. Short EUR/USD?
As risk-off mode may continue to stay, gold and yen may be your best bet.
As ECB will be keeping QE “as long as necessary” due to risks tilted to the downside, Euro might continue to sell off in the coming months. Sell EUR/USD?
Despite a rebound in Canada’s employment, sluggish productivity and lower oil prices could cause BoC to lean towards dovishness. CAD/JPY could be a good pair for shorts.
ECB may continue to loosen monetary measures amid economic uncertainties in the region, short EUR/USD?
As existing tariffs on Chinese goods remain even after the phase one deal, global trade tensions might not be better off yet. Long gold would be a safer bet.
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