[SF Monedge]

Correction : prior levels post on 10yr yield should be 43.10-20 not 42.10-20.  That said 42.10-20 is more vital.

[SF Monedge]

Apology if too many posts, attempting to be of help.  Took the money here on the UsdJpy sell at 151.52 bid due to the odds of the 10yr yield holding around here and looking to be on the sell side again higher up.  Have trailing sell stop for entry regardless should BoJ get an idea.   Gbp sell is from above current market nearer to the figure.

[SF Monedge]

Also of note GbpUsd is “smack dab” (US redneck term) in the middle of its 10 day range, in absolute terms.

[SF Monedge]

Viewing gains in EurJpy and Sterling as solid buy side waves against the larger sell side momentum.  Hence am short against Yen again in Eur and Usd, while in on the sell side light in GbpUsd but not as confident in that one so observing intently.  It appears my preference this week has been the risky venture of counter trading.  Noting the yield and hoping it doesn’t decouple with Dxy like it has done more than usual in recent days.

[SF Monedge]

Decent odds for 10yr yield to hold 42.10-20 I believe

[GVI Forex]

Classic example this week of the trading adage, It’s the reaction to news more than the news itself that matters.

[GVI Forex]

USDCAD 4 hour chart – 1.35 the focal point

CAd is 2nd in line today behind the AUD today as an outperformer.

As the chart shows, 1,3455 is the next key target, exposed while below 1.3500-15, a stronger risk if 1.35 caps the upside.

Keep in mind that moves outside of 1.35-1.36 have not been following through, which is why 1.3455 is a key level and 1.35 is pivoital.

[Belgrade Bobby]

EURUSD 4h

Resistance 1.08950

Support  1.08500 1.08150

As long as within this channel we can’t rule out either side.

Use small time frames on Intraday trading – only way to go without exposing yourself to total fiasco.

[Belgrade Knez]

April 4, 2024 at 12:03 pm
Mtl JP

yes now when I see that you are annoyed by my post! …..;)

 

[Mtl JP]

11:50 am#4016REPLY Belgrade Knez

feeling better now ?

[GVI Forex]

Reuters USDCAD poll

1.34 in 3 months

1.31 in one year

[Belgrade Knez]

April 3, 2024 at 8:21 am
wfakhoury Amman

EURUSD
NOW 10766
10757 confirmed will be reached
10760 is the consolidation level; buy below it, sell above it, and tp at it.
10666 confirmed will be reached if it keeps below 10760.

—————————————————————————–

Proved NOTHING is 100%

[GVI Forex]

April 4 (Reuters) – A look at the day ahead in U.S. and global markets by Harry Robertson
Data Jerome Powell wants, and data Jerome Powell shall get.

The Federal Reserve chair on Wednesday continued to play a familiar tune. “Given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy,” he said in a speech at Stanford University.

Thursday brings new numbers on weekly jobless claims for Powell and his colleagues to chew on. Economists think the number will come in at 214,000, up slightly from the week before but in line with the average over the last six months – and hardly commensurate with a faltering labor market.

Morning Bid: All eyes on the jobs market

[GVI Forex]

EURUSD HIGH 1.0865

i POSTED THIS YESTERDAY

With that said the dollar is on its back fOOt and the level EURISD bears do not want to see trade is above 1.0868.

[GVI Forex]

XAUUSD 1 HOUR CHART – 2300

XAUUSD set another new record high at 2304 as it continues to move into uncharted territory.

Betting on a retracement has been a losing one but looking at the 3 blue AT lines suggests potential for a top on this chart, ONLY CONFIRMED IF THE TRENDLINE (currently 2287( IS FIRMLY BROKEN.

Support below it is at 2265.

[GVI Forex]

USDJPY  30 MINUTE CHART – AN ALERT OR WARNNG?

USDJPY came within a couple of pips of 151.97 yesterday and has backed off a touch but remains bid despite the BoJ intervention threat (note weak JPY crosses.

AN ALERT OR A WARNING

I RECEIVED AN EMAIL ABOUT USDJPY THAT I WOULD NORMALLY IGNORE EXCEPT IT CAME FROM SOMEONE WHO IS A WELL-CONNECTED SOURCE.

THE XXX (NAME OMITTED BUT IT WASN’T THE BOJ) MAY DROP THE BALL ON USDJPY ONE FINE MORNING.

I am only the messenger but would be remiss if I did not pass this on given the source.

[GVI Forex]

AUDUSD 4 HOUR CHART – THE OUTPERFORMER

Note, my posts yesterday about following the oath of least resistance.

AUDUSD has so far been the outperformer today as flows from the JPY continue to keep USDJPY in sight of 152 but reluctant to challenge the BoJ while the USD trades soft elsewhere, helped by offsets from JOPY crosses.

I had to go to a 4-hour chart to find the key resistance, which is not until .6635 so damage so far has not been fatal.

In the absence of nearby support, look at former resistance for the first levels. of support or revert to shorter time frames.

[GVI Forex]

LONDON, April 4 (Reuters) – Traders and investors are looking to global interest rate cuts and a closely-fought U.S. election to drag the world’s currency markets from their deepest lull in almost four years.
Measures of historical and expected volatility – how much prices move over a set time period – have sunk in recent months with the world’s biggest central banks stuck in a holding pattern, depriving FX traders of the divergent moves between regional bond yields on which they thrive.

Currency markets are in a deep freeze. Rate cuts and Trump could thaw them

[SF Monedge]

AB – love your comments.  On that note of BoJ, I’m in sell side again here EurJpy on a wait and see position I can sit on with no regard for buyers

[Ab hk]

I think BOJ is using the same strategy here, but to protect a depreciation level is much harder than an appreciating level. Will make all positions tired, and then a snapback fiercely.

[Author]

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