Brian Twomey
Brian's Investment
If trades fail to achieve targets or trades extremely close to final destination reveals vitally important commentary to market prices and positions. Market prices were born and created to achieved targets. No other choice exists to a market price. Imagine if a market price failed to move and remained stuck at one price all trading day. Its impossible in our new modern day unless designed by the cental bank such as was the order in the 1960's.
The week trade results
XAU/USD targets 1857 then shorts to 1759. Highs 1.1814, Lows 1.1760.
XAU/EUR targets 1766 then 1698. Actual 1755.71, lows 1720.32.
CAD/JPY short 105.40 and 53 targets 103.24. Actual 106.12, 103.36. Few extra 59 pips to add 1 lot on a free money market gift.
USD/JPY targets 133.84 on a break of 134.59 from short 135.65 and 135.76. Highs 136.35, lows 135.01. See 60 pips miss and same as CAD/JPY. Extra lot added the 60 pips for extra, free money, market gift.
10 Tear Yield targets 3.38 then 2.66. Actual 2.97 Vs 2.78. Doing nothing and failed at targets. Speaks volumes.
DXY achieved overbought at 106.00's, now short to target 103.00's.
AUD/JPY 91.99 breaks lower. Lows 91.51 or 58 pips.
NZD/JPY 83.56, lows 82.99 or 57 pips.
EUR/JPY 138.75. Lows 138.23 or 52 pips.
GBP/JPY 160.62. Lows 160.87. Held, now do or die.
SPX 3841, Lows 3742 and bottoms 3600's.
Brent 114.28 above and 113.12 below. Highs 114, lows 101.17.
WTI 109.00's Vs 107.00's. Highs 111.00's, lows 97.00.
WTI and Brent entered problem territory about 1 week ago.
EUR/USD targets 1.0599 from 1.0384 and 1.0377. Highs 1.0460, lows 1.0219. Long entry, 1.0384 and 1.0377. Same story as last week: add 1 lot.
EUR/USD problem status is also found in price trading overbought to overbought or oversold to oversold. EUR earns the designation.
Best trades yesterday was actually wide range currencies: EUR/NZD, EUR/AUD, GBP/AUD. While we wait for EUR/USD, nothing was lost to overall profits.
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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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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