Welcome to Lost In The Exchange - The essential FX newsletter to keep you informed and prepared for the week ahead.

In this weeks copy:

The next US election is shaping up to be quite the show. After a failed assissination attempt at former President Trump last week, now President Biden has withdrawn from the next election.

Gold has always been driven by risk on sentiment, as the war in the Middle East escalates further, there is no real fundamental reason Gold would turn lower from here.

Technically, we are continuing to breakout bullish with dips consistently being bought. Therefore, in light of the macro background, I maintain a bullish outlook on Gold.

An ideal entry would come from a further dip below $2400 then stabilising above it. This would open the way to $2500 and beyond, however one thing at a time.

If the market begins to sell off hardly, I will not be entering buys loosely. I would like to see some strong buying first, or a loss of momentum. Something I will be watching closely throughout the week.

To stay informed with live updates, join our community where we will utilise TPO & futures data to find the highest probability setups.

Finally, we are seeing some deeper pullbacks on DXY crosses. In my opinion it will just provide further opportunity to buy.

Firstly however, I would like to see another push on DXY, therefore pushing GBPUSD slightly lower where I will be monitoring for buys into 1.3140 highs.

We are coming into the week for manufacturing data. With European, UK and US data from Wednesday onwards. If the start of the week can provide further dips, this may set us up technically for high volume bulls to enter the market. (data dependant)

Japan’s currency has been weakened significantly in the past year or two, taken the JPY into 15year lows on some crosses.

The lack of policy adjustments post covid has fuelled this move as rates remain so low in Japan relative to other yields, causing investors to reallocate, dumping the Yen.

At the end of July we have BOJ monetary reports and rate announcements. The market is highly anticipating this and awaiting some confirmation to buy back into the JPY. As domestic inflation measures are rising largely due to imported inflation, the BOJ is coming under pressure to intervene if the JPY remains so weak.

If you want to follow this story as it unfolds, I will updating the community with a full report and trade scenarios to take advantage of a potential large move for JPY. Access below.

Looking at GBPJPY as an example - I am considering the possibility of this rallying pre announcement in an attempt to squeeze early sellers, and allowing big money to get in at favourable pricing.

As long as July’s high remains in tact, I will only be searching for shorts with the expectation of a snap.

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Have a great week everyone.