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Weekly Forex Forecast - GBP/USD, USD/JPY, AUD/JPY, CHF/JPY, NZD/JPY, USD/ZAR, NASDAQ 100 Index, S&P 500 Index
I wrote on 16th June that the best trade opportunities for the week were likely to be: Long of the NASDAQ 100 Index. This produced a gain of 0.54%. Long of the S&P 500 Index. This produced a gain of 0.62%. Long of the CHF/JPY currency cross. This produced a gain of 1.09%. Long of the NZD/JPY currency cross. This produced a gain of 1.16%. The overall result was a net gain of 3.41%, resulting in a loss of 0.85% per asset. Last week’s key takeaways were: Falling inflation in the UK, with CPI coming in as expected at only 2.0% annualized, finally reaching the Bank of England’s inflation target. However, this rate was ... (full story)