8 Currency Pairs and Gold: The 24 Hour Range

The Range in a financial instrument is far more important today than trade able levels and targets due to new structural changes. The Range became a built in component to the structure in order to contain prices. This created a wholesale adjustment to trading the market price. The adjustment factored on a far higher level however by prediction of the range in advance. The prediction factor means any financial instrument to stock indices, Yields, Commodities, Currencies. If a market price contains a number then its ranges are known long in advance. Ranges however mean different aspects to each financial instrument as some instruments contain wide ranges, other small ranges.

For examples to 40 currency pairs, commodities, yields and stock indices, hit my site as many range trades were posted in advance.
For the next 24 hours of trade, here’s a few currency pairs. The point to note again is no charts, no stops, no technical analysis as its not required. Its a far different view to prices as well as to the daily trade yet its imperative to know the exact range points. We don’t see or deal with losses or concepts as false breaks. Its not what we do here. Drill down focus is on the price and to capture every traded daily pip.

AUD/USD — 0.7918 to 0.7994. Today’s AUD held ranges.

XAU/USD Gold — 1300.41 to 1403.50. Today’s Gold held ranges.

EUR/USD — 1.2040 to 1.1927. Today’s EUR/USD range failed to hold but a range break is an opportune trade. EUR/USD broke 1.1866 Friday and again broke its range but shot 74 pips higher.

USD/JPY — 108.65 to 110.26. USD/JPY broke its range Friday by 20 pips yet held every other day.

USD/ZAR –12.9878 to 13.1169. ZAR held today.

GBP/USD — 1.2874 to 1.2998. GBP held today.

NZD/USD –0.7218 to 0.7287.

USD/CAD — 1.2436 to 1.2554.

USD/CHF — 0.9504 to 0.9595.

Silver today broke its ranges as well as WTI while Natural Gas and USD yields held its ranges.

 

Brian Twomey

Fed M2 and M1 Money Supply

 

 

What explains DXY’s drop and Queen Yellen’s regulatory comments is seen in the rise of the money supply. Despite 3 raises since December 2015, M1 and M2 continues to climb.

Current July M1 in billions Seasonally Adjusted is 3528.1 and 3531.4 Non Seasonally Adjusted. M2 current Seasonally Adjusted is 13,602.3 and Non Seasonally adjusted 13,548.70.

July 2016, M1 Seasonally Adjusted 3248.60 and Non Seasonally Adjusted 3249.4. Seasonally Adjusted M2 was 12,816.1 and Non Seasonally Adjusted 12,766.9.

December 2015, M1 Seasonally Adjusted was 3086.4 and 3140.5 Non Seasonally Adjusted. M2 Seasonally Adjusted 12,316.1 and Non Seasonally Adjusted 12,401.3.

July 2016 to July 2017 on an annual percent change as all data reports from the Fed, Seasonally Adjusted M1 grew + 8.7% and 5.6% for M2.

April 2017 to July 2017, M1 grew 11.4% and 4.9% for M2.

January to July 2017, M1 grew 7.9% and 5.1% for M2.

May to July 2017, M1 grew 9.3% and 4.7% for M2.

February to July 2017, M1 grew 9.3% and 5.1% for M2.

August 2016 to July 2017, M1 grew 8.0% and 5.6% for M2.

Currency in Circulation in billions March 2016 was 1359.5 and July 2017 is current 1486.40. Thrift institutions, mutual funds, credit and savings banks benefited as March 2016 balances went from in billions 239.50 to 271.40.

Commercial banks and Thrifts went from 517.20 to current 565.40.

Demand deposits from March 2016 to July 2017 went from 1281.80 to 1474.20.

Yellen’s Fed Funds raises became a stumulant to banks as they became flooded with cash. Since December 2015, M1 grew by 500 billion and 1286.2 billions for M2. Bank’s deposits grew by 192 billion in 4 months. Rather than sit idle, monies were put to work in money markets. A few points in interest rates is all it takes to profit and grow more money.

DXY’s drop, Gold’s rise and don’t change regulations to allow true price is now explainable. Don’t expect this to end well.

Brian Twomey