The FIFA world cup of forex

The biggest event in the world is occurring right now in Qatar. 32 national teams are contesting the FIFA World Cup, drawing in audiences in the billions. With so many eyes on the games, it could be argued that it is a forex market moving event. With this hypothesis in mind, let us review some of the recent games played over the weekend and see how they match up with recent moves in the forex market.

Results on and off the pitch

Brazil won 2 goals to nil against Serbia on Friday. As of writing the Brazilian reel is now up by more than 1 percent against the US dollar.

Australia won 1 nil against Tunisia on Saturday. Unfortunately, this information hasn’t shown in the Australian dollar, which is down ~0.80% against the US dollar. Perhaps this is because the win was lucky, with Tunisia beating the socceroos in possession and shots at goal.

Japan lost 1 goal to nil against Costa Rica on Sunday. As of writing the Japanese yen is down by ~0.60% against the US dollar.

Poland won 2 goals to nil against Saudi Arabia on Sunday. As of writing the Polish Zloty is up against the Us dollar by about 0.1%.

France won 2 goals to 1 against Denmark on Sunday. As of writing the cross-rate Euro/Danish Krone is up marginally at +0.005%.

Argentina won 2 goals to nil against Mexico on Sunday. As of writing the Argentine peso is down against 0.25% the US dollar, joining the Australian dollar in bucking the general trend that has emerged here.

Today, Canada lost 4 goals to 1 against Croatia. As of writing, the Canadian dollar is down ~0.50% against the US dollar.

Forex to watch next:

The next games that involve the major forex pairs include USA on Wednesday against Iran, with USA the favourites to win, and England against Wales, also on Wednesday, with England the favourites to win. After this we have Australia against Denmark on Thursday, with Denmark the favourites to win, and France against Tunisia, with France the favorites to win.