The risk is on

There seems to be wave of risk appetite in the market right now. The risk currencies such as the Commodity Dollars and the British Pound have jumped about 50-60 pips. USD/CAD has declined nearly 200 pips since last night´s highs but that´s mostly due to the petrol price, which hasn´t declined a great deal taking into account the failure of the Doha summit. USD/JPY has gained nearly 80 pips though since this morning which is great for our long term signal that we opened in this pair last night. 

USD/JPY long term signals looking good right now

 

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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