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Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.
The GBP looks set for further gains over the coming weeks, especially considering any further weakness in the US economy. However, this may not translate into long-term gains for the EUR/USD.
Whatever happens, the USD/JPY pair is set for further volatility. The BoJ’s previous interventions have seen moves of over 500 pips, so prudent risk management is especially important for traders trying to take advantage of the situation.
It’s been a wild week in the markets. After weeks of relatively low volatility, last Friday’s NFP release kicked off a rollercoaster ride for traders.
If the US economy continues to show signs of a slowdown, increasing the chances of a September rate cut, we could see a ranging market for the EUR/USD.