Global economists in the opinion that BOE will raise the interest rate by today to 0.75 % from 0.50 %. The rate increases is rationale by the current inflation pressure 2.40 % at current GDP 1.20 % (YoY). However, the rate increases does not change the current interest rate structure of major currencies (NZD 1.75 , AUD 1.50, CAD 1.50, GBP 0.50 (0.75), EUR 0.00,...
The three currency pairs are racing to lower ceilings/bands and undisputed.
EURGBP is heading upper ceiling up to 0.9200 by USD-based interest rate differential with current exchange rate target zone 0.8700-0.9200 (read EUR and GBP bands). Both GBP and EUR are being heading to downward of which they are both depreciated by the USD (read EURUSD and GBPUSD of latest analysis). The current GBP interest rate is higher than EUR and or the...
CAD currency band (CADUSD, CADCHF, CADJPY, CADEUR, CADGBP, except CADAUD) are heading to upper ceiling, and the CADAUD is heading to lower ceiling (read AUDCAD on AUD band). They are assessed and measured by interest rate differential currency band of exchange rate target zone. The CADUSD likely continue to rally to 0.8200 of current exchange rate target zone...
USDCAD likely heading to 1.3400-1.3500 in short term with exchange rate target zone 1.2100-1.3500. Both FED and BOC are on hiking policy but the FED seems faster than BOC by the economic performance. The actual upper ceiling/band however is subject to final measurement on the major pairs collectively. And, the FED policy may put the upper ceilings/bands on...
The AUD currency band (AUDUSD, AUDCHF, AUDJPY, AUDCAD, AUDEUR, AUDGBP) is heading to upward to upper ceiling, but with partial risk. It is assessed and measured based on interest rate differential based time series currency band, by U-shape and S-Curve. The AUDGBP likely will rally up to 0.6100 of current exchange rate target zone 0.5400-0.6100 (note. equivalent...
EUR currency band ( EURUSD, EURCHF, EURJPY, EURCAD, EURAUD, except EURGBP) underway to lower ceiling/band of their exchange rate target zones, and EURGBP is underway to her upper ceiling/band. The downward trend is assessed and measured by a combination of U-shape and S-Curve interest rate differential based currency bands. Thus, the trend is medium term trend or...
GBP currency band (GBPUSD GBPCHF GBPJPY GBPEUR GBPCAD GBPAUD) underway to lower ceiling/band of their exchange rate target zones. The downward trend is assessed and measured by a combination of U-shape and S-Curve interest rate differential based currency bands. Thus, the trend is medium term trend or exchange rate target zone fluctuation trend. Based on current...
USDJPY likely still heading to upward for 114.00 and potentially to align and re-align to upward, subject to final equivalent rate by the major pairs of collective bands. Long from interdays and weekly lows to highs seems feasible.
EURAUD is heading 1.5200 in short term and 1.4500 in medium term. The estimated 1.4500 lower ceiling is subject to equivalent rate in the future by the EUR currency band's currency pairs. Short the short and medium term recommendable. Short from interdays high to low and weekly high to low also very feasible.
EURJPY seems to continue to downward and heading for 127.00 in short term and 122.00 in medium term. The 122.00 is the estimated lower ceiling, however subject to final average rate by the EUR currency band's currency pairs. Short the short and medium terms are recommendable, as well as high frequency short trade from interdays high to low and weekly high to low...
GBPJPY seems to continue to downward and heading for 144.00 in short term and 140.00 in medium term. The 140.00 is estimated lower ceiling, however subject to average rate by the GBP currency band's currency pairs in the future. Short the 144.00 and 140.00 is recommendable but short from interdays high to low and weekly high to low are most preferred to look for...
EURCHF is heading for 1.1400 in short term and 1.0850 in medium term. The 1.0850 is estimated lower ceiling, subject to future measurement by collective equivalent rate of the EUR currency band's currency pairs (EURNZD, EURAUD, EURCAD, EURGBP, EURJPY & EURCHF). At current market, the pair could be short to target the short term 1.1400 as well as in medium term...
GBPUSD likely remains to be seen to downward to visit the 1.2700-1.2600 the estimated lower ceiling, subject to however, the final measured average rate with major pairs of the USD Currency Band's Currency Pairs (NZDUSD, AUDUSD, USDCAD, GBPUSD, EURUSD, USDJPY & USDCHF). At current market performance, the likely most recommendable is to short the pair from the...
EURUSD remains to be seen to downward direction in short term and heading for 1.1100/1.1200. However, by interdays and weekly the pair could be pushed to upward for interdays high or weekly high at which level the short entry rates recommendable to be placed. At current market performance, the likely most feasible is to short from the interdays high or weekly high...
The USDCHF will be flat to sideways at 0.9800-1.0200 temporary until the EURUSD & GBPUSD to reach their "lower ceilings" and the USDJPY to reach her upper ceiling (estimated 114.00). At current market environment performance, the USDCHF is good to long from the interdays low ceilings or weekly lower ceiling to their upper ceilings.
ECB seems unable to defend the 1.1525 (1.1575) at current Fed policy, unless ECB to increase the interest rate. Market sterilization will not be able to defend the 1.1525 due to excessive capital inflow into the US economy. As a result, EURUSD likely will be resumed to 1.0500 associated with sterilization at 1.1000-1.0500. This impact global currency bands and at...
I long NZDJPY at 74.50 SL 73.50 to target 83.50 (adjustable target) to look for NZD appreciation by the JPY plus interest rate differential. USDJPY is heading to 114.00 and NZDUSD stuck at lower ceiling. However, portfolio is managed with small amount to anticipate possible risk to downward by EUR and GBP.