Brian Twomey
Brian's Investment
Yesterday's action was again found in the center, most prominently by USD/CAD and USD/JPY. EUR/USD and NZD/USD took a vacation day to overall ranges. Due to US holiday? A market price doesn't know or care about holidays. A price knows movements but never celebrations.
Daily moves
EUR/USD 62 pips.
AUD/USD 48.
GBP/USD 48.
USD/JPY 97.
USD/CAD 78.
NZD/USD 37 pips.
EUR/USD and NZD/USD held the top and bottom in place while the center as USD/CAD and USD/JPY performed the best moves. Greatest moves for JPY cross pairs were EUR/JPY 140 pips, GBP/JPY 127 and CAD/JPY 115.
As a sidebar, GBP/CHF traded 79 pips and AUD/USD dead stopped at 0.7199. From Sunday, 0.7198 as first target achieved. For the many traders profited not only from 0.7199 but AUD/USD opened the week at 0.7155. All eaned 44 of the 48 pips traded yesterday.
EUR/USD dead stopped at 1.0785 and as written Sunday, 1.0818 was not ready to break. The point at 1.0818 yesterday is today, 1.0823. A much harder road to break above and travel higher.
EUR/USD vital levels and long points today are located today at 1.0713 and 1.0699. EUR/USD lows are matched to USD/JPY highs at 128.16 and 128.32. USD/CAD highs are located at 1.2698, 1.2706 and 1.2714. Strategy is short USD/JPY and USD/CAD highs and long EUR/USD.
Best trades today overall are EUR/JPY, GBP/JPY, CAD/JPY and USD/JPY. Day and 24 Hour trades are accompanied with trade rankings, known and sent everyday around 4:30 ish along with SPX and WTI.
GBP/JPY lows today are located at 160.53 and 160.22 while EUR/JPY lows are found at 136.80 and 136.63.
Easily achievable are requests to fill African currencies from Kenya, Ghana and currencies from Bangladesh, Serbia, Egypt, and Ecuador. Filled as USD or any cross pair in the planet.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
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Editors’ Picks
AUD/USD holds steady near 0.6250 ahead of RBA Minutes
The AUD/USD pair trades on a flat note around 0.6250 during the early Asian session on Monday. Traders brace for the Reserve Bank of Australia Minutes released on Tuesday for some insight into the interest rate outlook.
USD/JPY consolidates around 156.50 area; bullish bias remains
USD/JPY holds steady around the mid-156.00s at the start of a new week and for now, seems to have stalled a modest pullback from the 158.00 neighborhood, or over a five-month top touched on Friday. Doubts over when the BoJ could hike rates again and a positive risk tone undermine the safe-haven JPY.
Gold price bulls seem non-committed around $2,620 amid mixed cues
Gold price struggles to capitalize on last week's goodish bounce from a one-month low and oscillates in a range during the Asian session on Monday. Geopolitical risks and trade war fears support the safe-haven XAU/USD. Meanwhile, the Fed's hawkish shift acts as a tailwind for the elevated US bond yields and a bullish USD, capping the non-yielding yellow metal.
Week ahead: No festive cheer for the markets after hawkish Fed
US and Japanese data in focus as markets wind down for Christmas. Gold and stocks bruised by Fed, but can the US dollar extend its gains? Risk of volatility amid thin trading and Treasury auctions.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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