[Mtl JP]

EURO 1.0755

–

puppy came up to its 100day to say hello and like testosterone challenged… could not go uP

Support now 1.0725, Res 100day

[Mtl JP]

DLRx 104.17 / 10-YR 4.144% +0.046

–

so … the dlr s getting some love now after few days of ambivalence

BoJ deputy complained about his eyesight earlier, claiming hard to see rapid rise in rates post-end of zero rate policy.

barkin already yakked on bbrg (peasants … be patient with the FED Cutting Interest Rates)

12:05 barkin delivers a 2nd yik yak

and

13:00 – yellen’s dept peddles off 25bl of 30-yr paper

 

[GVI Forex]

EURUSD 1-hour chart – tested last line of defense ahead of key 1.0722-23 support

 

[Belgrade Bobby]

This is what you get if you click on the exact data in our Economic Calendar

US Initial Jobless claims

[Belgrade Bobby]

What I found really amazing looking at the charts that you posted here is the fact that even after almost 30 years of trading, I can not concentrate enough on different pairs at the same time, to be able to trade them. When I try to look for opportunities elsewhere (grass is greener in the other yard ), I end up either missing a trade on EURUSD ( my main trade) or screwing it up because of looking at some cross . Long time ago, it was even worse – get into position, it goes sour….and then I go over every single pair , trying to find a reason to hold on…of course it ends up in tears..
Now when I see how your thingy works , must admit that Amazing Trader is a very valuable tool even for veteran traders with their own proven systems. First thing that comes to my mind is the fact that I can continue trading my own system, and have this one working on it’s own in the back…to help me chose the trade, execute it, and take care of the most important part of trading – Risk Management !
If you think that this is some kind of kissing ass , well it’s not…I woke up a bit pissy , and looking at these charts , it just hit me…this is a great stuff…I should use it.

[GVI Forex]

Data

A small dip in US weekly jobless claims is expected.

See our Economic Calendar

[GVI Forex]

USDJPY daily chart – break of last month’s 148.80 high makes this level a key support

 

[Mtl JP]

US 10-YR  4.113% +0.015 ; FED rate: 5.25

–

‘The Federal Reserve is now in sync about pushing out rate cuts’: Nick Timiraos The Claman Countdown  Feb 07, 2024

[Swiss Frank]

[GVI Forex]

EURJPY 4 hour chart trying to break out to the upside (carry trades?)

 

[Mtl JP]

fwiw

–

China  Lunar New Year holidays:   Feb. 9-17

[GVI Forex]

EURCHF Weekly

[Mtl JP]

concerns …

–

…  the booming jobs report released Friday, fueled investor worries that rates may stay elevated for much longer.

Wall Street will now look ahead to the swath of Fed speakers this week. Perhaps they will shed more light on the path for rate cuts.

CNBC Daily Open: Wall Street anxious over Fed concerns ( CNBC Daily Open …  <strike>international</strike> <i>irrational</i> markets newsletter.

[Mtl JP]

DLRx 103.99

–

Collins says (could ≠ will)

– “Inflation is getting close to 2%, but Fed needs more proof it can stay there”  and that interest rates cuts could come “later this year.”  (wednesday yak keeping naive peasants’ flame of hope alive)

later today:

8:30 – barkin

8:30 – jobless claims

 

[GVI Forex]

USDjPY (firmer today)

I don’t have the exact comments but read that dovish comments from a BoJ official suggested that policy normalization will be gradual.

Nothing new in the comments  but reaction is what matters.

[Belgrade Knez]

[Belgrade Knez]

EURUSD trading below 1.0780 (breakout level) but supported with Dec low 1.0723 …. once that gives way, looking for Nov low at 1.0656

 

[Swiss Frank]

Anyhow…. CHF weakness, Yeah carry works in favor of chf weakness. Behind that is SNB recent communiques indicating chf strength has served its purpose. Maybe they haven’t fully embraced that they want immediate weakness but call it a suggestion. Behind the behind is that Swiss inflation is lowest among the big boys coming around or below 2% which puts them ahead in the crawling race to shift policy. CHF/JPY is a trade a lot of people are watching (selling chf buying jpy to be clear). BOJ when it gets around to it most likely will move in the opposite direction by backing away from yield curve control.

Levels to watch in the absence of being able to post a chart ->
eur/chf the downward sloping trendline on the weekly that currently comes around .9550.
usd/chf -> weekly .9200 daily .8820-.8850

See how….

[Swiss Frank]

Chart posting not working.

Or I’m an idiot.

Or both…

[GVI Forex]

EURCHF 4 hour chart

[Author]

Posts