[Belgrade Bobby]

European session wrap

[Belgrade Bobby]

EURUSD 4 H

I really hate repeating myself, but this is what I said yesterday:

1.17250 & 1.17400 are important levels in front of EUR – If it breaks above, road is open for test of 1.18350

However, failure to do so would turn EUR to Supports: 1.16400, 1.16000 & 1.15600

Weekly close above 1.16000 is very Bullish.

I won’t get into p…ng contest now about “Chicken” or the “Egg” , but once some crisis lasts longer then a week or two it comes down to “Old news” and charts are controlling the game.

[GVI Forex 2]

Watch weekend headlines but talks could last 2-3 dasys. If they end sooner it would not be a good sign.

[GVI Forex 2]

Adam, don’t get carried away as markets are in a risk on mood so reacted to the core miss but there are more important risks to consider over the weekend, so far being ignored.

FWIW EURUSD break iof 1.1723 only yielded 2 pipos (high 1.1725), suggesating nnoit a lot of stops there.

[Adam Global]

CoreCPi went bad 👎🏿 for USD 💵

Gold is pushing 📈 hard

Aiming for 4800.00 📈

[GVI Forex 2]

Headline CPI in line with consensus (+0.9%), core beats (lower than consensus)

Source: Try Newsquawk free for 7 days

[Mtl JP]

Econ Calendar
–
8:30 – CPI in US
Reuters: players expecting the CPI to come in at 3.3% annually
Currently players not pricing any easing in 2026 (CME fed tool)

[Mtl JP]

Current Trading Theme

Currently Optimists Dominate
as they game-price the ceasefire through oil

eurdlr 1.1717-ish uP against 3x Res (hrly chart) as I type

[GVI Forex 2]

US CPI is due next where a hotter headline is expected.

Click for a detailed preview

[Mtl JP]

10 points (mission impossible ?)
according to jpost
–
U.S. commitment to non-aggression and a permanent end to attacks on Iran and its allies
Lifting of all primary and secondary sanctions and release of frozen Iranian assets
Termination of UN and IAEA resolutions targeting Iran’s nuclear program
Acceptance of Iran’s uranium enrichment rights—confirmed in Farsi versions but omitted in some English releases
Continued Iranian control over the Strait of Hormuz, with safe passage coordinated by Iran’s military
A $2 million fee per ship transiting the Strait, with revenue shared with Oman and used for war reconstruction
Withdrawal of U.S. military forces from the Middle East
Cessation of all regional combat, including Israel’s war against Hezbollah in Lebanon—a point disputed by Israel
Compensation for war damages inflicted on Iran
A UN Security Council resolution to make the agreement legally binding

[GVI Forex 2]

XTIUSD (WTIUSD) 1 HOUR

$100 remains the pivotal level, both for crude oil and global risk, the latter taking a cue from how it trades vs. it (currently below).

XTIUSD consolidating within 95.52-`102.88, tighter range at 97.80-100.65, both too tight to last for long.

[Adam Global]

If Core CPI is good 👍🏿 for USD 💵

GBPUSD could drop 📉 below 1.3400 & aim for 1.33500 📉

[Adam Global]

If Core CPI is bad 👎🏿 for USD 💵

EurUsd could break above 📈 1.1700 and aim for 1.17500 📈

[Adam Global]

ßitcoin 📉 rejected $73K during the Asian session

While many buyers 📈 are waiting for a clear breakout above $75K 📈

[GVI Forex 2]

Newsquawk Daily US Opening News – 10th April 2026

• US President Trump posted “Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have!”
• Iran reiterated that no talks will happen until attacks stop and no delegation is heading to Pakistan, despite the expectation of talks to take place on Saturday. Further, an informed source stated Tehran rules out the option of negotiating with Washington until a complete ceasefire is established in Lebanon, and has strongly asserted this position.
• Ukrainian President Zelensky’s top aide/negotiator Budanov reportedly sees Ukraine nearing a deal with Russian President Putin, Bloomberg reported.
• Crude edges higher heading into high-stakes US-Iran talks on Saturday.
• European bourses set for a third consecutive weekly gain, SW FP plummets following weak guidance; US equity futures flat.
• DXY muted, EUR and HUF look to Hungarian election.
  Fixed benchmarks tread water heading into US CPI and US-Iran peace talks.
  Looking ahead, highlights include Canadian Jobs Report (Mar), US Inflation (Mar), University of Michigan Consumer Sentiment Prelim. (Apr), Credit Ratings updates including Moody’s on France, S&P on the UK & Scope Ratings on Hungary.

Source: Try Newsquawk free for 7 days

[Adam Global]

Gold is waiting 🔄 for CoreCPI

4755.00 is waiting for data 📰

To break 📉 below and fall to 4700.00 or

To break 📈 above and go back to 4800.00

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR

Sitting on the sidelines and waiting for a firm move outside of 4700-4800 to give the next direction.

This week’s high at 4857 is key resistance while 4600 is the key level on the downside

[GVI Forex 2]

Forex Market Snapshot

The dollar is trading mixed in cautious trading ahead of peace talks in Pakistan this weekend. EUR is back above 1.17 after slipping earler but remains below its double top around 1.1722-23 while the NZD, AUD, JPY and CAD are weakest.

[Adam Global]

Oil 🛢 gaining 1% 📈

As 🇺🇸🇮🇷 negotiations set for tomorrow

Kushner-Witkof-JD van set-to touch down in 🇵🇰

[ST London]

Peace talks: How do they resolve differences when both sides come in with red lines demands?

[Mtl JP]

Current – or imminently to become – market betting theme is IF the supposed meeting w/vance and co. will even take place

[GVI Forex 2]

OMING UP: Data: Japanese PPI (Mar), Chinese Inflation Report (Mar), German Inflation Final (Mar), Norwegian Inflation (Mar), Swedish GDP (Feb), Canadian Jobs Report (Mar), US Inflation (Mar), University of Michigan Consumer Sentiment Prelim. (Apr). Events: BoK Policy Announcement. Speakers: ECB’s de Guindos. Supply: Australia, Italy. Credit Ratings: Moody’s on France; S&P on the UK; Scope Ratings on Hungary.
MARKET WRAP

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR

Testing both sides of 4700-4800 with a symmetric range 3 pts outside both ends.

This leaves it in limbo until either side 4700-4800 is firmly broken.

Key range: 4600-4857

[GVI Forex 2]

US500 (SP500) 4 HOUR

Reaction to news suggests bulls are looking for reasons to extend the rebounds but an uncertain outcome to weekend peace talks and associated risk of a failure argue for a cautious end to the week,

Otherwise, for the strong rebound off 6310 to gain momentum, 6837 needs] to be broken and 6800 would need to become support.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR

Stock market bulls are looking for any signs to continue the recovery but  the risk on two sides with seemingly irreconcilable differences trying to find common ground suggests caution ahead of weekend peace talks.

In any case, 25000 remains pivotal as it needs to become support for momentum to build to the upside.

[GVI News]

Here’s your answer

Israel says peace talks with Lebanon to begin ASAP, rejects calls for truce first

[Mtl JP]

Currently alive question and trading theme : Is there a ceasefire or not ?

[Mtl JP]

this may be giving oil bit of a lift

srce.: times of israel

[GV World]

April 8 Earnings Release

(RPM) RPM International reported quarterly net sales of $1.61B (+8.9% YoY), driven by improved gross margins and strong growth in its CPG and PCG segments. Net income was $51.4M with diluted EPS of $0.40, while operating cash flow reached $656.7M for the nine-month period

(APLD) Applied Digital reported Q3 FY2026 revenue of $126.6M (+139% YoY), with adjusted EBITDA of $44.1M and adjusted net income of $33.2M. The company is in talks for 900 MW projects and carries ~$2.7B in long-term debt; shares fell ~5% after-hours.

(RELL) Shares of Richardson Electronics jumped 14% in the morning as investors reacted positively to its strong Q1 2026 earnings. The company beat expectations on both revenue and profit, reporting $55.47M in revenue (+3.1% YoY), above the $53.13M consensus estimate.

[GV World]

April 8 Earnings Release

(DAL) Delta Air Lines shares rose 5.4% to $69.16 after its earnings release and a reported two-week U.S.–Iran cease-fire, nearing their highest close since February 26, driven by both strong results and easing geopolitical tensions.

In Q1 2026, revenue increased by $1.8B year over year and earnings rose ~40% on record revenue. For June, Delta guides low-teens revenue growth, margin expansion, a ~3.5ppt capacity cut, jet fuel at ~$4.30/gal, and adjusted EPS of $1.00–$1.50.

(STZ) Constellation Brands, Inc. reported Q4 sales of $1.92B (–11%) and adjusted EPS of $1.90. For FY26, sales were $9.14B (–10%) with EPS of $11.82. FY27 EPS guidance is $11.10–$11.80 with beer organic sales expected between –1% and +1%.

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