Mixes week for Yen pairs but look at our EUR/CAD trade, I hope someone here was able to bounce on this one
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Any explanation why EUR has sat at the top for so long? With inflation numbers basically the same as US and virtually no economic growth all year, I don’t see why it’s so significantly outperforming the dollar when everything looks to me like the Eurozone will be the first of the big economies to cut rates.
Watch out for the CHFJPY, read the numbers for a clue where it’s going…
Yesterday close - 167.666
Yesterday 4-hour SMA - 166.666
Another big day for stocks but we also had a strong Yen, which is not normal
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Be careful what you wish for, you might just get it.
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I told you a while back it would be weak. It will remain weak for another 4 or 5 weeks, after which it will strengthen and regain its status as the top currency in the table.
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1 month ago…
All green day as we move into the US Thanksgiving holiday
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US markets are closed and currencies are mostly flat. I will post an update on Sunday
Hope you are having a wonderful day with your families
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Stocks post their 4th up week in a row, we are sitting just below 2023 highs in all three US major indexes, if we can punch through these levels it will be a Merry Christmas
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This is how the currencies should look in a risk-on market , a Santa rally looks promising
Is this uptrend for real?
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NZDUSD is my top trade as yours but I am quite at loss why it isn’t AUDUSD as that of Dennis3450. Perhaps, I may have missed it but is there an explanation for the difference?
You mean on my table?
AUDUSD was triggered 4 days ago, read the New Top Trade column far right.
Indeed, I see that, but my confusion borders around that of 24th of November strong/weak rankings. I apologise for not being more specific. That is the ranking disparity that is the object of my confusion. After giving this a thought, I think the source of his numbers must come from a different broker. It is the only rational explanation I can come up with.
Lots of red to start the week, this is pretty normal for the first week following Thanksgiving
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