1. Exness News
  2. Market Analysis
  3. Currency Pairs to Watch in Q2
Market Analysis

Currency Pairs to Watch in Q2

April 04, 2019
BY Emma Richards

Traders are seeing some great reasons to trade as Q2 gets underway, and there are three currency pairs that stand out. Both the US and China saw economic leaps in March with six-month highs in stocks and trade. Many currencies did not fare so well. As a result, governments around the world continue to rally and implement damage control strategies to combat recession fears, and it seems it might be working. Global optimism is already on the rise.

Can we really dodge the future recession that fearmongers are throwing around? If you’re looking for economies and currency pairs that are showing positive sentiment in the forex market as well as popular news media, here’s three to consider first.

The US

The American manufacturing industry showed remarkable highs recently, and with orders and job opportunities on the rise, Q2 seems to be on a good track. However, it’s still too soon to conclude that the US economy is safe and sound. A recent retail sales reports showed a drop of 0.2% in American spending, which might not sound like a lot, but consumer spending accounts for over 60% of the US economy. Don’t expect major movements from this currency until the conflicting good/bad messages have been resolved. Check out these popular USD pairs on your trading platform.

  • USDCAD (US dollar vs Canadian dollar)
  • USDCHF (US dollar vs Swiss franc)
  • USDDKK (US dollar vs Danish krona)
  • USDHKD (US dollar vs Hong Kong dollar)
  • USDILS (US dollar vs New Israeli shekel)

The UK

Sterling has begun a bullish reversal against multiple currency pairs as the Brexit delay stirs hope. The B

ritish Parliament rejected Theresa May’s third attempt to pass her deal. As a result, GBP gained ground, passing 1.3100 to the US dollar. Some experts forecast a massive price correction if the UK announces a longer delay or a second referendum. Wait for the game-changing news releases before you hit the ‘Buy’ or ‘Sell’ button. Have a look at these powerhouse currency pairs.

  • GBPAUD (Great Britain pound vs Australian dollar)
  • GBPCAD (Great Britain pound vs Canadian dollar)
  • GBPCHF (Great Britain Pound vs Swiss franc)
  • GBPDKK (Great Britain pound vs Danish krona)
  • GBPILS (Great Britain pound vs New Israeli shekel)


Some experts have billed 2019 as the year of CAD. The continuing strength of Canadian oil and a healthy Blow Off Value (BOV) supports the forecast of a strong Canadian dollar for the coming months. Elections and immigration reforms are on the horizon along with an (as yet) unratified but promising economic trade agreement. The CAD instruments may well become some of the most popular currency pairs of 2019 if forecasts prove accurate. Here’s a short-list of Canadian pairs to keep an eye on in Q2.

  • CADCHF (Canadian dollar vs Swiss franc)
  • CADJPY (Canadian dollar vs Japanese yen)
  • CADMXN (Canadian dollar vs Mexican peso)
  • CADNOK (Canadian dollar vs Norwegian krona)
  • CADPLN (Canadian dollar vs zloty)

120+ currency pairs

FX News pointed a spotlight on these three currency pairs because they are the most recognized instruments of high liquidity right now, but there are many other opportunities that deserve your attention. If you’ve been thinking about becoming a forex trader, consider testing your trading eye with the Exness demo trading account. You’ll get a risk-free opportunity to trade on real market moves and see whether you’ve got what it takes to succeed.

If you enjoy the challenges of being a demo trader, making the move to a real account is easy and starts—for certain nations—from as little as $1 deposit, and offers Unlimited Leverage.

Get access to forex CFDs and trade on the global FX market

Set up an Exness Account Now  

Not sure how to get started? No problem. Follow this step-by-step guide.


how to start trading


Disclaimer: the publication of analysis is a marketing communication and does not constitute investment advice or research. Its content represents the general views of our experts and does not consider individual readers’ personal circumstances, investment experience or current financial situation. Analysis is not prepared in accordance with legal requirements promoting independent investment research and Exness is not subject to any prohibition on dealing before the release of analytics. Readers should consider the possibility that they might incur losses. Exness is not liable for any losses incurred due to the use of analysis. Risk warning: CFDs are leveraged products. Trading them carries a high level of risk, so it is not appropriate for all investors. The value of investments can both increase and decrease and an investor may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from or relating to any transactions in CFDs. © 2008—2019, Exness

alternate text for image
Confident in your trading skills? Open an account and start trading with Exness