he 65 pip winner of the day is the big mover among JPY cross pairs, GBP/JPY followed by ranges from AUD/JPY at 60 pips then NZD/JPY at 51 pips. USD/JPY traded 29 pips, EUR/JPY 36 and CAD/JPY 29 pips. 

In the allotted 7 1/2 hours of trade time, GBP/JPY traded 9.28 pips per hour, CAD/JPY 4.14 pips per hour and vital USD/JPY as anchor pair traded 4 pips per hour. Central bank Interest rates strangled the currency price to the point of total suffocation. The main crook for ability to trade true ranges and profits is Fed interest rates because all central banks price interest rates based on the Fed. Daily interest rates barely change. 

USD/JPY and cross pairs traded in total neutrality from neutral lows to neutral highs. For most, trade today in USD/JPY and cross pairs was impossible however the daily interest rate set up produced profits for all JPY pairs. Most vital today was the Fail line.

I envision the day soon when the day trade will become the weekly trade. 

Based on daily pip movements, its understandable why ACI dissolved the United States chapter. Banks not only contain no interest in FX but interest to obtain an FX license worldwide is waning. Explains why Banks are no different today than retail traders. 

Results:

USD/JPY. 108.27 to 109.38

Traded 29 pips from 108.80 to 109.09

EUR/JPY. 130.90 to 129.58

Traded 36 pips from 130.14 to 130.50

GBP/JPY. 150.82 to 149.29

Traded 65 pips from 150.44 to 149.79

AUD/JPY. 84.03 to 83.05

Traded 60 pips from 83.36 to 83.96 

CAD/JPY. 87.26 to 86.35

Traded 29 pips from 86.61 to 89.90

NZD/JPY. 77.63 to 76.80

Traded 51 pips from 77.11 to 77.62

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.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD skyrockets to 1.2150 on poor US jobs figures

EUR/USD has hit a new multi-month peak above 1.2150 after the US reported an increase of only 266,000 jobs in April against nearly one million expected. The dollar is under immense pressure. 

EUR/USD News

GBP/USD soars toward 1.40 after disappointing Nonfarm Payrolls

GBP/USD has been extending its gains after the US Nonfarm Payrolls badly disappointed with an increase of only 266,000 jobs in April, nearing 1.40. Earlier, sterling benefited from the UK Conservative Party's gains in local elections. 

GBP/USD News

XAU/USD soars above $1,835 after weak Nonfarm Payrolls

Gold has leaped above $1,835 after the US reported an increase of only 266K jobs in April, far below expectations. Lower US yields support the precious metal.

Gold News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Ripple's victory granted the firm access to the SEC's documents on the three leading cryptocurrencies. The regulatory agency recently denied the possession of these documents.

More Dogecoin News

S&P 500 and Nasdaq: Can the Fed pump anymore after weak jobs report

Well, that was an interesting jobs report. Not too many people were forecasting that one. Just in case you missed it NFP were forecast to come in around the 1 million jobs gained but instead the US only added 266k.

Read more

Majors

Cryptocurrencies

Signatures