Brian Twomey
Brian's Investment
Included this trip is USD/DKK, the Danish krone. Few years ago, I wrote a long article regarding DKK, its Fixed position as a currency, interest rates connected, price ranges. Much interest in this pair as many clicked on that article but nobody writes regarding this pair. Despite a Fixed currency, it moves and profits.
Overall, nothing special to EM except deeply overbought USD/HUF.
Close prices and vital break points
USD/BRL; Close 5.5521, Vital 5.5241
USD/PLN: Close 3.8339, Vital 3.7793
USD/RON: 4.0861, Vital 4.0663
USD/MYR: Close 4.1180, Vital 4.0871
USD/MXN: Close 20.7330, Vital 20.7647
USD/CZK: Close 21.9005, Vital 21.8793
USD/DKK: Close 6.2213, Vital 6.2031
USD/HUF: Close 307.06, Vital 301.95 Deep overbought
USD/TRY: Close 7.5636, Vital 7.4612
USD/ZAR: Close 14.9484, Vital 15.2559
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
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.