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
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold rebounds to $2,320 as US yields turn south
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.