ladies and gentlemen; boys and girls
and anyone in between
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Europe in mortal danger: An interview with Emmanuel …
The Economist
Emmanuel Macron’s urgent message for Europe. The French president issues a dark and prophetic warning. Truth or lies? How disinformation works— …
He is proposing, amongst other things to put frances nukes into counter-weight action vs Russia.
This leader is also freaking out about the summer elections coming up and the alleged rise of the right.
It is people like this that lead many peasants and their youngones to their death
GBPUSD 30 MINUTE CHART – Pattern broken
GBPUSD break of its 6-day pattern pivoting 1.25 has seen a shift in directional risk
This suggests support on dips, strongest if it stays above 1.2577 but as long as it stays above 1.2538
Next hurdle is US Services PMI as this is the last piece of key US data with a quiet calendar next week.
Reminder UK is closed on Monday so this could impact trading.
EURUSD 4 H
Straight to the target – 1.08150
And now we can go down….but….are we going to??
1.08300 is the barrier between Bullish and Bearish, so I have no idea…do not have a crystal ball, and my cat doesn’t want to cooperate with hints and tips…
Pattern wise – it can be both ways – we need additional development to say for sure.
Anyhow, tests of supports are needed to seal the Up deal.
Support at 1.07400…let’s see
U.S. non-farm payrolls are forecast to have risen 243,000 last month, only marginally cooler than the 303,000 added in March. The unemployment rate is expected to hold steady at 3.8%, while annual average earnings growth is seen cooling to 4.0%.
A look at the day ahead in U.S. and global markets from Mike Dolan
The strength of the U.S. labor market will give Wall Street’s interest rate relief a reality check on Friday, but Apple’s (AAPL.O), opens new tab monster share buyback has buoyed the market in advance.
according to market nurse jeff cox at cnbc
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* Nonfarm payrolls are expected to show a gain of 240,000 for the month, according to the Dow Jones consensus that also sees the unemployment rate holding steady at 3.8%.
* The labor market has been full of surprises this year, topping Wall Street estimates at a time when many economists expected hiring to have slowed down.
* Markets also will be closely watching the wage numbers.
EURUSD 4 HOUR CHART – PATTERN BROKEN?
Barring a surprise in today’s US data, EURUSD seems set to break an 8-day pattern around 1.07 (similar GBPUSD 6-day pattern around 1,25), which would suggest a shift in directional risk to the upside.
This suggests EURUSD will likely find support on dips as long as 1.07 does not trade, a stronger bid if 1.0735 can become support.
On the upside, a firm break of 1.0753-57 would be needed to put 1.08 in play (note there is little on charts then until a 1.0850 trendline and 1.0884)
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