GBPUSD 1 HOUR CHART
GBPUSD has been a modest outperformer, supported by some of its crosses (GBPUSD, EURGBP)
The closest key resistance is at 1.2709 (void above it until 1.2803) and maintains a bid as long as it trades above 1.2648-63.
With that said, it will be a new ball game after the US CPI but after last Friday’s aborted reaction to the strong US jobs report, it is hard to have confidence in the first knee-jerk reaction and may pay to let the dust settle unless there is a big surprise on the data.
This is a good summary and look ahead…
A look at the day ahead in U.S. and global markets from Mike Dolan
Wall St stocks have held up remarkably well in the face of the renewed interest rate angst of the past week but Wednesday’s March inflation readout may now be make or break from here.
Morning Bid: CPI vigil, Canada decides, China credit warning
Markets treading water ahead of US March CPI
Forecasts are for a higher headline (higher oil prices) and a slight dip in the core
THIS IS MY FAVORITE TRADING TIP AS INDICATED IN THIS BLOG ARTICLE WITH A SHORT VIDEO INCLUDED TO ILLUSTRATE THE POINT
Twiddling thumbs.
Food for thought for young, retail investors By Quentin Fottrell:
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“Welch’s findings are an illustration that, while not every investor is rational, the collective wisdom of the crowd is often superior. Keep that in mind the next time you hear a Wall Street guru insist that small investors who frequent platforms such as Robinhood HOOD, -0.81% don’t know what they’re talking about. There’s a distinct possibility that, as a group, those small investors are doing better than the guru.” — marketwatch Mark Hulbert
NAS100 4 HOUR CHART – RISK OFF
Stocks are down today and NAS100 is no exception.
As I noted, CFD, price feeds can vary between brokers even with the same symbols and with different symbols as well (NAS00 vs NDX100)
Look at your chart and line up the key line I highlighted on the downside as key support.
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