thly average at 99.00's, GBP/JPY trades 179.50 to 181.07 between the 36 and 37 year monthly averages, WTI last year at 70's traded at the 24 year monthly average. USD/JPY and EUR/USD must match to DXY at 50 year monthly averages. SPX 500 is normal and trades between the 1 and 10 year monthly averages. The speculation to XAU/USD and Gold priced in all currencies also trades between the 1 and 10 year monthly average.
This problem won't see normalization anytime soon. SNB Vs BOJ and Fed The SNB Export lines exceed imports. Another smart central bank while the Fed, BOJ, BOE, RBA and RBNZ imports exceed exports. The week Last week, EUR/USD and EUR currencies within the universe traded oversold and all traveled higher. This week, EUR/USD, EUR/JPY and EUR/CHF trades deeply oversold while EUR/AUD and EUR/NZD reached skyrocket overbought. EUR/CAD doesn't have a clue which way to trade.
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Source: MarketWatch - 🏆 3. / 97 Read more »