The effective US federal funds rate rose 4 basis points on Thursday to 0.10% from 0.06% in the wake of the Federal Reserve’s move on Wednesday to increase the interest it pays to investors by 5 bps. banks on reserves (IOER) held at the central bank. The effective federal funds rate, released by the New York Fed on Friday, is now the highest since August 2020. Excess reserves are capital reserves held by a bank or financial institution in excess of what is required by regulators, creditors or internal controls. In the case of commercial banks, excess reserves are measured as a function of the amounts of the standard reserve requirements established by the central bank authorities. These reserve ratios require the minimum liquid deposits (such as cash) that must be in reserve with a bank; more is considered excess.
EURUSD Preference to expect buyers over 1.1865 to 1.1875. About 1.1880 to 1.19. Sells are preferred below 1.1850 and 1.1840.
GBPUSD sell preference below 1.3790 to 1.3780. Below 1.3780 to 1.3750.
AUDUSD cross in reversal to sell zone. Below 0.77 and 0.76 the cross lost all its buy capacity. Sells are in progress, next level 0.7460 and 0.7450. It is important to expire buy positions above 0.77.
USDCAD cross in reversion to buy zone. Above 1.2470 to 1.2480 and 1.25. The buy pressure would increase by 1.25 until intervals of 1.2530 and 1.2550. It is important to expire short positions below 1.24.
USDJPY buy preference. About 110.30 to 110.40. Below 110.0 possible take profit next week and strategic change to sell.
XAUUSD gold remains sell. Transition area to potential buy in the area. Sell moment preference. Sell ranges from 1762.50 to 1759.50. Below 1759.50 to 1740.0. Buys will possibly remain above 1770.0 and 1780. These current levels are not buyers yet.