[Mtl JP]

oohhh well…
–
FEDERAL RESERVE
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation – Jeff Cox

– Fed Chair Jerome Powell said the U.S. economy has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon.

– “The recent data have clearly not given us greater confidence, and instead indicate that it’s likely to take longer than expected to achieve that confidence,” he said during a central banking forum.

plenty folks were commenting that “the last” mile to FED’s 2% inflation target would be like giving birth to a 12-pounder.

So the chief is the last guy to come to reflect on that distinct reality.

Bottom Line
– is that players have to game the FED’s game next.

[SF Monedge]

On the short side of EurChf all morning but notnig EurGbp showing signs of stabilization so seller profile is less robust

[SF Monedge]

On the short side of AudCad a bit ago.

[michael Calif]

June USD futures should begin to stall out near 106.50, per Option Profile

[Mtl JP]

powell : higher rates need more time to do their thing

euro tested 1.06

[Belgrade Bobby]

Mtl, we can change it to Mid Azerbaijan time instead if you like 😀

[Belgrade Bobby]

And same goes for Gold – Weekly

Read a prophecy like article on it here 😀

[Mtl JP]

hey GV
why can’t
the timestamp
be GMT or ET instead on central Kazakhstan ?

[Mtl JP]

at bottom of hour:
–
williams coming out to yak

[Mtl JP]

lagarde let some of her fantasies slipout earlier:
–
“Lagarde says ECB will cut rates soon, barring any major shocks; notes ‘extremely attentive’ to oil”
– reported by cnbc

[Mtl JP]

really my preference : anal-i-tical time
seems to be all-the-time time

[Belgrade Bobby]

And who is that Civilian from California 😀

[Belgrade Bobby]

USDJPY

That Blink of the eye move….that is what happens when people get indulged in intraday trading and can’t see the big picture…

Here comes the Daily

[michael Calif]

for us, our Option Profile still suggests a top in June Gold futures above 2400 from the Feb 14 lows (starting @ 2421)

[GVI Forex]

XAUUSD 1 HOUR CHART – CONSOLIDATION

i asked yesterday whether gold was in consolidation or correction mode.

Price action suggests the former as long as it stays above 2324, a stronger bid if it can trade above 2362.

On the other side on a move above 2431 would end the consolidation.

[GVI Forex]

As posted earlier — this is logical

Fed VP Jefferson sounds more hawkish, which could be a prelude to Powell later.

[GVI Forex]

Geopolitics

Iran threatens to attack Israel with weapons it has ‘not used before’ as it gets military support from Russia

[Belgrade Knez]

April 16, 2024 at 3:31 pm
GVI Forex
kNEZ, or someone got screwed on its order fill.

——————————————————

well, it’s zero sum game so for such move someone has to get screwed for them to make money

[GVI Forex]

kNEZ, or someone got screwed on its order fill.

[GVI Forex]

THIS BLOG ARTICLE IS WORTH READING AS IT INCLUDES A PRIMER ON DIFFERENT TYPES OF INTERVENTION

Trader Alert: Will the Bank of Japan Intervene and Does Forex Intervention Work?

 

[Author]

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