Brian Twomey
Brian's Investment
To coincide with the previous post, we'll trade this week GBP/NZD, CHF/JPY, USD/CHF and GBP/CHF. All trades work as 2 USD and 2 non USD. GBP/CHF easily classifies as a wide range currency pair and matches GBP/NZD but because it trades in the GBP/USD universe, it rarely trades its full potential.
Current GBP/CHF price at 1.1700's doesn't exist as it trades at 67 year lows. The nearest average is 1.1814. Further drops to GBP/CHF means a new and lower monthly average must calculate.
GBP/NZD
Long 1.9090 and 1.9067 to target 1.9353
GBP/CHF
Long 1.1749 and 1.1728 to target 1.1899
Short 1.1899 to target 1.1791
CHF/JPY
Short 114.21 and 114.21 to target 113.27.
Long 113.27 to target 113.69
USD/CHF
Long 0.9367 and 0.9354 to target 0.9485.
Short 0.9485 to target 0.9427.
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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EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.