[GVI Forex]

This was posted by one of our long time GV members right after we launched our redesigned website less than 2 weeks ago

Good evening…

Finding your way on an empty road is sorta spooky. It’s kinda like EUR/USD that way.

It’ll be easier to navigate this place after more people sign on and post some messages.

[GVI Forex]

Another quiet data day on Thursday.

US stocks at record highs.

FX in background

Mixed USD suggests carry trades orcas SF said CHF selling.

[Mtl JP]

R-aaaa-aah-yght !
–
“Rate cut timing ‘difficult to foresee’ amid inflation pressures: BoC deliberations”
The Canadian Press, February 7, 2024

[GVI Forex]

Carry trades?

[Swiss Frank]

Its just a chf market right now.

[Mtl JP]

DLRx 103.96

Fed Governor Kugler backs caution on rates – cnbc
““At some point, the continued cooling of inflation and labor markets may make it appropriate to reduce the target range for the federal funds rate,” Kugler added. “On the other hand, if progress on disinflation stalls, it may be appropriate to hold the target range steady at its current level for longer to ensure continued progress on our dual mandate.”

right adrainna & thks !

for dollar to get new uP oomph looks like puppy be needing new additional energy vectors in the form of posi-data

[Mtl JP]

hello orwell
–
* Nicknamed the “Broker Butcher,” Wu Qing was previously the acting vice mayor of China’s major financial hub Shanghai and served nearly two years as chairman of the Shanghai Stock Exchange.

* His predecessor Yi Huiman took the mantle of the CSRC in 2019, tasked to undertake a spate of sweeping capital markets reforms.

China appoints ‘Broker Butcher’ Wu Qing as new chairman of securities regulator cnbc & other wires

[Belgrade Bobby]

EURUSD – Now comes the “make it or break it” moment…1.07550 held on the first impact…( and it happened today exactly as I warned yesterday – 10 min before UK exit time) …

[Mtl JP]

“In a time of Universal Deceit – telling the truth is a revolutionary act.” – Orwell
–
fwiw:
Whatever it takes? There are those that are concerned about broader stability or systematic risks, especially if disruptions spread to financial markets and the real economy. Interest rates are also likely to remain high with the Fed taking a March cut off the table, while the long inversion of the yield curve isn’t helpful for banks that borrow short to lend long. A full contagion and CRE crisis could see thousands of banks fail under a worst-case scenario, according to SA Investing Group Leader Avi Gilburt, who explores non–owner–occupied property loans, office building vacancies and default rates in a recent Seeking Alpha article. (12 comments)
srce: Seeking Alpha

[Mtl JP]

concerned yellen says stress is manageable
–
“US Property Fears Send German Lender Bonds Plunging
(Bloomberg) — Losses in the commercial property market, which have already sent some banks in New York and Japan into a tailspin, moved to Europe’s biggest economy this week.

probably a good idea to wait a bit more before looking to buy some bottoms

[Mtl JP]

water carrier jeff cox :
“Fed’s Neel Kashkari expects only two or three interest rate cuts this year”
https://www.cnbc.com/2024/02/07/feds-neel-kashkari-expects-only-two-or-three-interest-rate-cuts-this-year.html

Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now,” he said during a CNBC “Squawk Box” interview. “But again, I don’t want to prejudge things, but that’s, that’s my gut, based on the data we have so far.” said the 2024 non-voter

[Mtl JP]

What is the predominant market-driving theme this NY morning ?

10-yr 4.073%
euro 1.0771
– Res 1.0788, Sup 1.0740/30
I am biased. Looking for opps to sell as long as puppy holds 1.0810 Res

on deck
—
11:00 – kugler
11:30 – collins
12:30 – barkin
13:00 – yellen’s dept peddles off 24bln of 10-yr paper
14:00 – bowman
15:00 – US consumer credit
15:15 – ramache
16:30 – nordstrom

[Anonymous]

US yields just tumbled (10 year 4.075% vs. 4.133% earlier) – as noted before, USDJPY (lower) is most sensitive to yields.

Market feels thin so beware of a lack of follow through

[Belgrade Bobby]

Agree on 1.07850 ! Support at 1.07550 . If holds, we’ll have a base camp….if not, downfall will continue.

[Anonymous]

EURUSD 1.0768

High so far 1.0784

See prior post

[Anonymous]

EURUSD 1.0781

Key level is 1.0785

[GVI Forex]

US yields up / usdjpy most sensitive

[GVI Forex]

US yields up / usdjpy most sensitive

[Mtl JP]

Yield | 6:45 AM EST 4.123%

srce: https://www.cnbc.com/quotes/US10Y

[GVI Forex]

See our Economic Calendar

US 10 year note auction will attract attention given the recent rise in bond yields.

[Author]

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