USD Pairs: Most Important

 

USD/CHF. 0.9969 and 0.9976 Vs 1.0027 and 1.0034

USD/CAD. 1.3662 and 1.3671 Vs 1.3741 and 1.3750.

USD/JPY. 113.09 and 113.17 Vs 113.82 and 114.36

USD/SGD. 1.4036 and 1.4046 Vs 1.4117 and 1.4127

 

Many many more USD Pairs for interested. Trade Service Open.

Brian Twomey

 

AUD Cross Pairs: Most Important

 

AUD/CAD. 1.0011 and 1.0051 Vs 1.0062 and 1.0102.

AUD/NZD. 1.0646 and 1.0688 Vs 1.0701 and 1.0743.

AUD/JPY. 82.86 and 83.29 Vs 83.55 and 83.61

AUD/USD. 0.7303 and 0.7332 Vs 0.7341 and 0.7370

 

Brian Twomey Trade Service Open

GBP/USD and Cross Pairs: Most Important

GBP/USD. 1.2888 and 1.2919 Vs 1.2953 and 1.2983

GBP/JPY. 146.33 and 146.58 Vs 147.31 and 148.01

GBP/CHF. 1.2885 and 1.2916 Vs 1.2949 and 1.2980.

GBP/CAD. 1.7665 and 1.7707 Vs 1.7753 and 1.7795

GBP/NZD. 1.8725 and 1.8770 Vs 1.8819 and 1.8863

GBP/AUD. 1.7566 and 1.7608 Vs 1.7654 and 1.7695

 

Brian Twomey, Trade Service Open

EUR/USD and Cross Pairs: Most Important

 

EUR/AUD. 1.4691 and 1.4770 Vs 1.4954 and 1.5034.

EUR/NOK. 9.3359 and 9.3885 Vs 9.5031 and 9.5536.

EUR/CHF 1.0782 and 1.0839 Vs 1.0974 and 1.1033.

EUR/GBP. 0.8333 and 0.8378 Vs 0.8482 and 0.8527

EUR/JPY. 122.30 and 123.72 Vs 124.50 and 125.17

EUR/CAD. 1.4774 and 1.4853 Vs 1.5038 and 1.5119.

EUR/NZD. 1.5662 and 1.5747 Vs 1.5942 and 1.6027

EUR/INR. 69.57 and 70.29 Vs 70.81 and 71.19

Plenty more EUR Pairs for interested. ZAR, MXN, SEK, PLN, MYR and More

 

Brian Twomey, Trade Service Open for interested, brian @btwomey.com

EUR/USD, USD/JPY, BOJ: levels, Ranges, Targets

EUR/USD within the last 3 hours broke below yesterday’s reported 1.0915. New focus to the downside today is located at 1.0837 and much daylight. A break of 1.0837 is crucial as 1.0806 and 1.0779 awaits. Below 1.0779 then longs are finished. We’re looking for 1.0850’s to stop EUR/USD downside then a bounce. On the upside, 1.0972 contains the overall break point to target 1.1000’s. Not likely as EUR/USD remains overbought.
USD/JPY as a complementary pair contains supports for today at 113.09 and 113.17 Vs topside breaks at 113.82 then the challenge to 114.36. JGB 10 trades today around 0.99, 1.02 yesterday and a far distance to the 0 goal.
At 1.02 and 0.99 to offer definition to Accomodative policy, JGB trades above the negative 0.1 Complementary Facility where reserves are paid. Overall question for the BOJ is another lower rate to further negative on the way. Further accomodation by the BOJ and improved data from USD could potentially send USD/JPY light years higher. The 10 year yield is not only far to high but misplaced in terms of JPY’s Libor and overall interest rate curve. Both the Libor and Interest rate curve provide current supports to the 10 year JGB. This explains why the BOJ own 40% of the JGB market at the 10 year and why the yield fails to drop but instead rose since 2016. The overall Yield Control program at $USD 731 billion per month may be too expensive a risk.
On the CPI front, JGB purchases and accomodative policy had intended effects to raise the monetary base with hope CPI rises alongside the higher base. Since yield control September 2016 and JGB purchases, the Monetary Base saw a substantial slide to current lowest levels since September 2016. The Japanese view its bottommost interest rates as Call Rates minus Year v Year in CPI growth rates. The current number is running at + 0.14 while the Comp Facility exits at 0.9. A wide swath of territory exists for the BOJ to lower interest rates. More on Yield Control later.
GBP/USD is fairly contained today from 1.2888 and 1.2919 Vs upside breaks at 1.2953 and 1.2983. Longer term averages for interested from 50 to 253 day remain far overbought. At 1.2983 is a far drop from yesterday’s 1.3016. Overbought longer term informs a sell rally approach.
Brian Twomey, Trade Service open for interested, brian@btwomey.com