I long AUDJPY (small portfolio) at 80.88 SL 79.50 to target 88.50 to look for AUD to be appreciated by JPY plus interest rate differential. Risk remains to be seen on the pressure by EUR, GBP and CHF.
I long AUDCHF at 07315 with stop loss 0.7200 to target 0.7700 (subject to be adjusted by market performance, as required), to look for AUD to be appreciated by CHF plus interest rate differential.
I long AUDUSD at 0.7341 with stop loss 0.7200 to target 0.8080 to look for AUD appreciation by USD by taking the risk of negative interest rate differential (charges). Target may be adjusted, subject to market performance.
I short GBPNZD at 1.9352 SL 1.9500 to target 1.7500 to look for NZD appreciated by the GBP plus interest rate differential. Target may be adjusted by market performance.
I short EURNZD at 1.7080 SL 1.7280 to to target 1.5250 to look for NZD appreciation by EUR plus interest rate differential.Target may be adjusted by market performance.
I short GBPAUD at 1.7834 with stop loss 1.8000 to target 1.6250. Target however subject to market performance. Looking for AUD to be appreciated by GBP plus interest rate differential.
I short EURAUD 1.5753, SL 1.5850 T. 1.4500. Target may be adjusted higher, subject to market performance. Looking for AUD appreciation by EUR plus interest rate differential.
The AUDUSD price stability pressured by the Fed rate hiking by limiting the pair to central band and pressured to downward by the new interest rate differential. AUDUSD is estimated to be under pressure down to 0.7200-0.7150 from the current rate, subject to final ATWR by the AUD currency band. As a result, the AUDJPY as well as AUDCHF under pressure to...
The Fed rate hiking driving the USDJPY to continue to move to upward and likely to revisit the 114.00. It is similar to USDCHF pushing back to upward.
GBPCHF is underway to upward 1.3050-1.3850 after the lower ceiling aligned upward. Feasible to trade.
GBPUSD is underway to upward to upper ceiling with ATWR at lower ceiling 1.3200/1.3225. Risk remains to be seen on ATWR. However should the price is under pressure to downward for temporary, the pair will resume to move to upward as forecasted. Feasible to trade.
GBPJPY heading upward to upper ceiling.
GBPNZD is underway to upper ceiling (1.8900-1.9750).
GBPAUD is underway to upward 1.7400-1.8500 after the lower ceiling aligned to upward from 1.7225 to 1.7400 (GBPCAD lower ceiling also aligned to upward). These alignments are confirming that GBP is strong. The target zone is very feasible to target.
GBPCAD is underway to upward with price stability level 1.7100-1.8400. The lower ceiling was aligned to upward from 1.6800 to 1.7100 and likely due to the Canadian GDP performance shock by narrowing the target zone, but very prospective to trade.
The Canadian GDP performance shock and the FED interest rate hiking pressured the JPY and CHF carry traders to liquidate their investments from CAD and CAD-denominated debt securities and to pressure CAD in the market to weaken CAD against CHF and JPY as well as USD and other major currencies (EUR, GBP, AUD and NZD). USDCAD is heading to 1.3400 and may be higher...
Canadian GDP downside performance shock to end the expectation for BOC to increase interest rate to rush CHF carry traders to liquidate their investments from CAD and CAD-denominated debt securities. The effort to pressure CAD in the market, not only to CHF but also to major currencies. CADCHF is underway to lower ceiling at narrower band/target zone. CAD is the...
The Canadian GDP downside risk performance shock to end the expectation for the BOC for rate increase. As a result, the JPY carry traders in rush to liquidate their investments from CAD and CAD-denominated debt securities by hammering the CAD in the market and to weaken CAD not only against JPY but to all major currencies. CADJPY is underway to lower ceiling. At...