FX Weekly: EUR/USD Vs USD/JPY Drives Currency Markets

By April 2019, a total of 572 articles were published on Fxstreet. A full 3 years later, 572 must be in the vicinity 0f 800 and 1000 articles. To post 1 article per week for 10 years equates to 480.


The vast majority were trades and trade related / in depth information such as Correlations, interest rates, money supplies, moving averages. Trades always accompanied analysis to understand the trades.


Target trading was a standard since 2012 and continues to this day. Target trades were short and long term. Many long term trades for 6 and 8 week durations hit targets perfectly for 5, 7 and 1000 pips and all published prior to the trade.


Profit pips from published trades must be in the 100,000 vicinity easily. For 5 months of 2019, weekly trades profited 24,000 pips alone. Trades and targets weren’t contained to G28 and EM currencies but targets achieved for long term trades on Yields, interest rates, WTI, SPX and Gold.


Trades still factor by pen, paper and calculator. The difference today is calculations are easier due to upgrades from days past.


I liked trading USD/CLP and Copper and achieved targets for both. The same may be accomplished with USD/MXN and Silver as Banxico changed the relationship to MXN and Tiie interest rates to slow MXN price speeds in accordance with Silver.


Forecasted correctly in years past were NFP’s, GDP and many economic announcements. No difference today as banks and forecasters still can’t be trusted. Last GDP forecast for example predicted correctly and beat the Atlanta Fed Nowcast.
Jackson Hole 2017, the 2 year yield traded at 1.32 and today 3.38 or 2.06 point difference in 5 years.


The walk down memory journey was quite astounding as the best of research, features and trades were brought to FxStreet readers. All freely given and found at btwomey.com.


The Week


EUR/NZD target last week at 1.6258 traded to 1.6253 on Friday. Then short target at 1.6184 traded to 1.6213.


NZD/JPY target at 84.25 traded to 84.24 Friday.


Trade Raking


EUR/USD, USD/JPY, AUD/USD, EUR/CAD, AUD/JPY, EUR/AUD, NZD/USD, USD/CAD, AUD/CHF, NZD/CHF, CAD/CHF, CAD/JPY, EUR/JPY, NZD/JPY, EUR/NZD.


Not much difference from last week as EUR/JPY relegates back to last due to its position. Currency markets are defined as EUR/USD Vs USD/JPY. Best trade for CHF are NZD/CHF, GBP/CHF and EUR/CHF.


Oversold EUR/USD is contained from 0.9999 to 0.9853. Above 0.9999 targets easily 1.0072.


USD/JPY and JPY cross pair strategy remains short to target USD/JPY 136.26 to start.
EUR/USD cross pairs are outperforming GBP cross pairs week to week and this week will see the same performance. EUR/NZD for example will outperform GBP/NZD as occurred last week.


GBP Trade Rankings


GBP/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/NZD, GBP/JPY . GBP/JPY for the 2nd week sits n last position while GBP/USD, GBP/CHF, GBP/CAD and GBP/AUD trade oversold. Not looking for much performance to GBP/NZD this week.

Brian Twomey

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