Are you looking for interesting currency pairs to trade in 2019? We’ve collected the five most interesting currency pairs for Forex traders in January 2019. You could keep an eye on these currency pairs in the beginning of the year. And that’s not all, in the article below we also outline the reasons why we picked each currency pair.
Many of these currencies belong to the most traded currencies in the world. Here we are going to take a closer look at 5 very interesting currency pairs for the upcoming month.
1. USD/GBP
The British pound sterling will remain the most interesting currency pair for the first few months of 2019. Thanks to Brexit and all of the issues the British Government and the European Union have with coming to an agreement, the pound sterling has had a rough year, to say the least, and the volatility is set to continue. In fact, on December 10 the pound sterling plummeted to a 20-week low against the greenback indicating that there are a lot of potential trading opportunities lurking around the corner.
2. EUR/GBP
For the same reason that the USD/GBP will be an interesting currency pair to trade in January, the EUR/GBP also shares similar potential. The official date for Brexit is set for March, and we expect the volatility to increase more as we get closer. However, the EUR/GBP won’t just be interesting to trade before March but will likely continue to fluctuate for much longer than that. Many even argue that the EUR/GBP will be the most interesting currency pair in 2019 altogether.
For more information regarding the sterling’s extreme volatility, you could keep an eye on BullMarketz.com’s extensive market coverage.
3. USD/CNY
It’s highly doubtful that anyone could have missed the economic tension that has played out between the United States and China over the last 12 month. Tariffs have been followed by more tariffs, and exports levels have been pushed to the brink, and the situation is getting worse by the minute.
With Christmas only a few weeks away, many companies that rely heavily on international Christmas shopping and Chinese produced products will suffer. In turn, this will likely widen the gap between the USD and CNY by January.
4. USD/JPY
With all the international turmoil that’s going on right now, it can be nice to have a calmer option to trade. The USD and JPY is a very popular currency pair that has been known lately for its stability and predictability. Generally speaking, the USD/JPY could be a choice for traders looking for an interesting currency pair with limited volatility during January.
5. SEK/GPB
The last contestant for interesting currency pairs in January is an exotic pair that doesn’t get the attention it deserves. The Swedish currency plays quite a neutral role in the global economy but thanks to its close ties with the EU and the UK, it has gained more influence lately, and we are expecting more trading opportunities to arise the closer we get to the Brexit deadline.
In addition, last week, the Swedish central bank commented that Sweden could become the first cashless country in the world within 5 years and it’s making traders nervous which will add to the SEK’s volatility.
Final Thoughts
The above-mentioned currency pairs all offer unique forecasts for the beginning of next year, and there is a high chance of investment opportunities.
That being said, the international markets are currently running wild, and no one really knows what to expect anymore. Therefore, it’s more important than ever before that you rely on your own detailed analytic work for the best and most consistent results.
