Iran’s retaliation could be seen to the US administration as an “act of war” which could further escalate the current conflict. Safe-haven bets could be your best bet.
As risk-off sentiments may be here to stay for some time, buy gold at dip?
The move by the US to launch an airstrike on Baghdad’s airport could be the spark of a major escalation. Gold may retrace slightly back to 1537, finding support before moving higher towards 1553.
As trading ranges typically expand during the new year week, we expect USD/JPY to move lower from a technical perspective.
As UK needs to race for trade deal with EU in next 11 months, short GBP/USD upon any rally.
While no changes in rates tonight, Bank of England (BoE) may hint a possible easing in 2020 due to tepid inflation. GBP/USD could fall lower.
As the UK still has no trade deal with the EU post-Brexit, this is likely to improve risk appetite for GBP/USD in the forex market only for a short period of time.
With a majority Parliament won, PM Johnson will be able to get his Brexit deal through Parliament without further delay and take Britain out of the European Union. GBP/JPY could retrace first before...
US dollar and Treasuries yield fell after a less dovish FOMC as the market may be doubting Fed’s ability to accurately predict future outlook. Short USD/JPY?