Experts at Alpari have released a report examining the trends in the global Forex market and the effect of inflation on currency pairs. The team identified the Pound Sterling (GBP) and Swiss Franc (CHF) as currencies likely to gain strength in the upcoming quarter. They also observed that the Japanese yen (JPY) has remained weak due to the lack of policy changes from the Bank of Japan’s new Governor.
Commenting on the importance of monitoring trends, Alpari said: “The global forex market, which trades 24 hours a day, five days a week, presents many opportunities for traders of varying experience levels. Currencies react to a plethora of factors, including economic data announcements, central bank actions, and even global catastrophes. As the prices of FX pairs move, traders can seize on the volatility for the chance at profits, provided the trader has the required skills and knowledge to take advantage of such an opportunity.”
The report concluded that the strength of the USD and GBP is likely to be dependent on future interest rate increases. Alpari also warned that investors should research the economic situations of countries before investing in a certain currency, and take global circumstances into account.
Alpari, a leading Forex market analyst, has released a report detailing the currency trends seen this year and the effect of inflation on exchange rates. The report identified the Pound Sterling (GBP) and Swiss Franc (CHF) as currencies expected to continue to rise, while the Japanese yen (JPY) has remained weak due to the lack of policy changes from the Bank of Japan’s new Governor. Alpari also stressed the importance of researching countries’ economic situations and taking global circumstances into account when investing in a currency.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.