[SF Monedge]

Got out with a few and flat.  EurUsd is bid overall intra-day.  Need to see this pan out.

[SF Monedge]

I’m short EurUsd light from just above market to see if it sticks.  Intra only.

[GVI Forex]

USDJPY ONE HOUR CHART – I TOLD YOIU ABOUT THE BOJ

I posted this week that the BoJ looks at the same charts and technicals as we do. I pointed out that if there was a level to defend (covertly) it would be 158 as 61.8% of 160.16-164.49 = 157.994.

The high so far today has been 157.985.

This suggests the intervention risk would increase above 158 and not below it.

[GVI Forex]

Mixed bag for iSM… miss on the downside (sub-50) but prices rise

See our Economic Calendar

[GVI Forex]

ISM PMI is due up next. The market has been very sensitive to any misses.

[SF Monedge]

Of note -monthly yields are up and yearly yields are down.  Says something.

[GVI Forex]

I have said many times that identifying the side to trade at any point in time is more than half the battle in putting on successful trades. Here is an illustration from the earlier run-up in EURUSD.

Visit The Amazing Trader

[GVI Forex]

EURUSD 1.0678

Run-up just now paused 1 pip below the top of 1.0674-86 resistance I cited.

[Belgrade Bobby]

EURUSD 4 H

Technical

1.06900 Resistance

1.06700 Support

Gut feeling and experience tell me they might try to push it UP all the way till FOMC tonight…

Not recommending to trade on my or anyone else’s Gut feeling….

[Belgrade Knez]

May 1, 2024 at 11:03 am
Mtl JP

how should I – if at all – trade it for posi-pips ?

———————————————————

what does it mean “posi-pips”?

[Belgrade Bobby]

Amazon – Weekly Chart

Lots of talky around of how it Grew up – This is Technical view

Judge it yourself – to me looks pretty Bearish right now…correction is under way.

[Belgrade Bobby]

Red Data Day – FOMC tonight

Economic Data Calendar

 

[GVI Forex]

GBPUSD 1 HOUR CHART

Blue Amazing Trader lines dominating but would need to get through 1.2450 (Power of 50 level) to accelerate the downside and shift the focus from 1.25 but….

only back above 1.25 would slow the risk..

GBPUSD has been an underperformer with some pressure coming from a bounce in EURGBP,which in turn is giving EURUSD some support).

 

[GVI Forex]

JP, there has been a lot of volatility around PMI releases so this is likely the key event ahead of the FOMC in this holiday-thinned market.

[Mtl JP]

Econ Calendar says
–
3 hrs to PMI and “HIGH” risk

how should I – if at all – trade it for posi-pips ?
tia!

[GVI Forex]

JP. my point is not just about the flows but what side the market had trouble absorbing.

Read the Morning Bid report I just posted a link to.

[GVI Forex]

JP. my point is not just about the flows but what side the market had trouble absorbing.

Read the Morning Bic report I just posted a link to.

[Mtl JP]

GVI 10:26 / only one talking about it – and then I saw the post go POOF!
–
arguably rebalancing time is a sensitive time for those needing to be in the market

and hail calendar-based and induced “must”s by degenerate traders

FX has its achillie’s heels and opportunities
hedges rebalacing is one such heel

[GVI Forex]

A look at the day ahead in U.S. and global markets from Mike Dolan

May Day for Wall Street comes with the daunting prospect that the multiple interest rate cuts once expected from the Federal Reserve this year might now just be just one – if any.

Morning Bid: Mayday for bonds as 2024 Fed cut hopes dwindle

[Mtl JP]

about the fix and hedging rebalancing
–
one could argue that most of the rebalancing was done by 9150, judging from price action dynamics

after that … something / someone else came in with other design
one can speculate about that

[Author]

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