Insight: Cross-Trade Strategies

Market Price Action: GBPJPY GBPUSD USDX
On the fundamental side of the market, the focus is on the FOMC minutes which we still expect to be in line with its previous policy stance that have sustained a releif recovery for the US Dollar. Although, a mix report transpired last week, uncertainty over how investors react have dictated price action in the market.

Higher yields, and a corrective phase for the Dow Jones have likewise proven to be the balancing act that investors and traders have to weigh. With no real catalyst except for the FOMC report other than the general expectations of retail forex analyst for a USD recovery; we remain neutral-to-bearish for the USD unless proven otherwise. A combination of cross-trading majors and crosses remains well positioned after certain trade settlements have been made.

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