[GVI Forex]

JP, if traders are really worried about the geopolitical risk, it should put a limit on the dollar downside. Wild car of course is the US jobs report.

[Mtl JP]

geo-politics
GOLD is so-far off its high, but not too far

IF sh!te were to hit the fan I d think USD is the one that be more “live” than GOLD
relatively speaking

What do you think of risk of holding USD short over the week-end ?

[GVI Forex]

Morning Bid: Geopolitics, oil and payrolls make for a busy day

A look at the day ahead in U.S. and global markets by Alun John.

It is an unusual start to a first Friday of the month as, with Brent crude oil above $90 a barrel and driving a risk-off tone in markets around the world, investors are not solely thinking about U.S. non-farm payrolls.

Let’s not overstate it. They still are thinking a lot about the always-crucial jobs data, due at 0830 ET (1330 GMT), but after all three main U.S. stock indexes fell by over 1% on Thursday, while Treasuries rallied, it is not the only thing on their minds.

Morning Bid: Geopolitics, oil and payrolls make for a busy day

[GVI Forex]

USDCAD 4 HOUR CHART – No Man’s Land

As I noted at this time yesterday when USDCAD was threatening key support at 1,3455, keep in mind that moves outside of 1.35-1.36 have not been following through,

Well, we are back into 1.35-1.36, which I call a No Man’s Land

This suggests key levels and stops are outside this range with 1.3550 setting the tone while within it.

[GVI Forex]

Next on deck is the key US jobs report. See forecasts in our Economic Calendar.

As always, the reaction to the data is what is most important.

[GVI Forex]

XAUUSD 4 HOUR CHART – CONSOLIDATING

Uptrend is consolidating with the range very clear at 2265-2305 (double top). To shift the risk from the high and suggest a retracement as opposed to consolidation, 2265 would need to be broken.

[GVI Forex]

BRENT CRUDE(XBRUSD) MONTHLY CHART

With Brent Crude moving to a new high for the year above $91, the monthly XBRUSD (CFD) chart shows the next key level at 98.78

I posted this chart to highlight a 19% rise since the 2023 close in a global market hyper-focused on central banks, falling inflation, and rate cuts.

[Ab hk]

“brave” hearts can long 2266, tight stop……

TIGHT.

[Ab hk]

tbh, I don’t like the new website layout and functions.
It’s too inconvenient.

[SF Monedge]

My colleagues are looking to take long June Yen futures positions in the week of 4/15 around 6620 and lower.  I am doing nothing but taking sell side trades in spot (Usd/Jy, Eur/Jpy, Nok/Jpy, Sgd/Jpy, mainly) for over a week now obviously but cycling intra-day primarily.  Conceivable Usd/Jpy actually compromises 152 in coming weeks but there is nothing to warrant being on the buy side in my view unless you are balancing portfolios.

[GVI Forex]

Stocktwits headline

Kashkari Crashes The Market

[GVI Forex]

BTC 4 hour chart

Waiting for a decisive break of 65000-70000

[Mtl JP]

GVI 07:47 – I prefer “CBS News
When will the Fed cut rates? Maybe not in 2024, one Fed official cautions
“If we continue to see inflation moving sideways, it would make me question whether we needed to do those rate cuts at all,” …

IF I need a reason

[GVI Forex]

US30 DAILY CHART – 4TH DOWN DAY IN A ROW

US30 approaching support but a move below 48463 would produce an outside month.

[SF Monedge]

The dynamic has concretely changed to a sell bias with UsdJpy finally so updrafts should be expected to be well under 152.  We (may) see the 151.50 area again.  Adamantly do not recommend entertaining the buy side unless you are doing so for portfolio purposes.

[GVI Forex]

I was in the car listening to canle news and there was no mention of Israel-Iran

[GVI Forex]

RISK OFF

Fears of Iran attack on Israel are driving markets lower

[GVI Forex]

US 10 year 4,353%… USD slowly, slowly reacting

[SF Monedge]

In on sell side UsdJpy 157.68, picking away is all.  See UsdChf going higher a bit later where I have resting sells

[GVI Forex]

EURUSD 30 MIN CHART – WAIT IS ON FOR US JOBS REPORT

EURUSD broke 1.0868 but so far has not stayed above it.

The 2 blue AT lines on top indicate a potential top for the day but would need to break 1.0850 to shift the focus back towards 1.08.

[Author]

Posts