Brian Twomey
Brian's Investment
For the EM week, only targets and closes were offered.
In the medium range currencies, USD/DKK and USD/HRK were clear winners with 600 and 700 pip ranges. Wide rangers USD/BRL at 800 pips, USD/TRY at 2200 and USD/ZAR at 1800 completes overall ranges. Poor performers include USD/HUF at 300 pips, USD/PLN at 300, USD/RON 300. USD/CNY at 500 pips outperformed.
To exclude wide rangers USD/BRL, USD/TRY and USD/ZAR, overall EM ranges over the past 4 and 5 weeks has been dead to performances. USD/PLN, USD/RON, USD/BRL, USD/DKK and USD/HRK should trade minimum 1000 pip weekly ranges. USD/HUF at 300 pips should trade easily 6 and 700 pip ranges.
USD/DKK, USD/HRK and USD/CNY all contain a 6.000 exchange rate and essentially are the same currency pairs under the banner of a different nation yet movements are exactly the same. Together, all offer 3 of the exact same trades.
USD/BRL close 5.2374, targets 5.3975.
Highs 5.3184.
USD/CNY Close 6.4325, target 6.4681.
Highs 6.4570, Lows 6.4070.
USD/DKK Close 6.1137, target 6.1650.
Highs 6.1627, Lows 6.1038.
USD/HRK Close 6.1941, target 6.2573.
Highs 6.2402, Lows 6.1796.
USD/HUF Close 294.70, target 298.59.
Highs 296.51, Lows 293.44.
USD/PLN Close 3.7426, target 3.7633 and 3.7727.
Highs 3.7734, Lows 3.7355.
USD/RON Close 4.0503, target 4.0715,
highs 4.0846, Lows 4.0446.
USD/RUB Close 73.79, target 74.70 and 74.96.
Highs 74.68, Lows 73.56.
USD/TRY short 8.2818 and 8.3155, target 8.1470.
Actual 8.2919, Lows 8.2172 +800 pips.
USD/ZAR Close 14.0593, target 14.1871.
Highs 14.1430, Lows 13.9577.
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.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0700 ahead of key US data
EUR/USD trades in a tight range above 1.0700 in the early European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays above 156.00 after BoJ Governor Ueda's comments
USD/JPY holds above 156.00 after surging above this level with the initial reaction to the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Sei Price Prediction: SEI is in the zone of interest after a 10% leap
Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.