Your Morning Market Podcast 29 June 2017

29 June 2017 / Morning Market Podcast Posted by: GT247 Trading Desk

"USD/JPY & Brent Crude" in this Market Report

USD/JPY:

Yen seems to have taken a break from the weakening trend that we have seen over the past 2 weeks. Hasn’t given a clear reversal signal on the daily chart, shorter term charts might give a better signal.

USDJPY Chart-1.gif

Brent Crude:

Managed to bounce off $44.43 which is its most recent lowest close. Has clearly broken the downtrend, waiting for a minor retracement before buying.

Brent Crude Chart-1.gif

Musa Makoni | Trading Specialist at GT247.com

Follow @Makoni_Henry

Wishing you a profitable day of trading.

CFDs are complex, leveraged products. Trading CFDs is high risk and losses could far exceed your initial capital input. Please ensure you fully understand the risks with trading CFDs before considering this form of trading.

GT247.com is a product of EasyTrader (Pty) Ltd t/a GT247.com (registration number 2017/190488/07), which is a licensed over-the-counter derivatives provider (ODP43) and a juristic representative of the Purple Group Ltd which is an authorised financial services provider (FSP46315).

In respect of foreign over-the-counter derivatives, we may, in our capacity as a juristic representative of Purple Group, introduce you to foreign over-the-counter derivatives providers.

All trades on the trading platform are subject to the legal terms and conditions to which you agree to be bound.

The information on this website is not directed at residents outside of South Africa and is not intended for distribution to or use by any person in any particular country or jurisdiction where such distribution or use would be contrary to local laws or regulations. GT247.com does not market its services to persons that reside outside of South Africa.

Resources