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XAUUSD – Gold Daily
Gold hit today a new All Time High – how powerful that sounds, eh 😀
In reality, it hit a marginally higher high, and way more important is what low it’s gonna have today.
Supports: 3310.00, 3290.00 & 3250.00
Resistance: 3355.00, 3375.00 & 3420.00
As long as above 3290.00 it will pump up.
EURUSD Daily
Pre Easter – Post ECB situation – in one word: Lame
Tomorrow is not exactly a working day – maybe half a day.
Supports: 1.13350, 1.13050 & 1.12650
Resistances: 1.14150, 1.14700 & 1.14950
Reaching above 1.14150 today and closing above 1.13950 tonight would be Bullish for tomorrow..
Yet again – It is a Holiday – so not sure how it’s gonna affect trading
Williams echoes Powell… tariffs will lead to higherinflation, lower growth this year
ECB rate cut decision reported to be unanimous… price action after (lower EURUSD) suggests a dovish take…LaGarde presser next
US OPEN
NQ benefits after strong TSMC results, USD firmer whilst EUR slips ahead of ECB
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
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5 Things You Need to Know
• European bourses opened mixed, but gradually slipped lower as the morning progressed; US futures positive after strong TSMC results.
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• USD is attempting to claw back some of Wednesday’s losses. EUR awaits ECB rate cut.
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• Bonds are softer following the robust macro tone, EGBs await the ECB.• Desk Closure (Good Friday Related): The desk will operate its usual schedule until Thursday April 17th 21:30BST at which point, the desk will close.
XAUUSD 1 HOUR CHART – Taking a pause
The one-hour chart shows a sign of a top but as we all know calling for a retracement has been a ticket to the poor house.
With that said, XAUUSD has paused after another record high (3356) but only a move below 3288-3305 would suggest more to it. Otherwise, it is just a pause and a breather.
USDJPY 1 HOUR – Stops arun nd then no more
As you can see by this chart, the rebound from 141.60 ran stops above 142.95 (high 143.08) but did foitlow through
Why is 142.95 important?
Using AT logic, a firm move above would BE NEEDED TO indicate a low and break of momentum to the downside
In the meantime, 142-143 is sort of a no man’s land with support if 142.38 can become support…. Below it would put 141.60-00 back on the radar.
Using my platform as a HEARMAP shows…
.. cautious trading ahead of the 4- day Easter break for many… US is open over this period but stock markets are closed on Friday
The dollara ttradinga touch firmer. led by USDJPY after reports that currency rates were not discussed at the U.S.-Japan trade talks yesterday… no other details in the talks
Stocks up after yesterday’s sell off, recouping some of its sharp losses
Gold backed off after a new record high set in Asia
Key focus today is on the ECB meeting and ad usual any tariff headlines out of Washington
This is a good article worth revisiting as it will put the recent failed rally in stocks in perspective\
What Does it Mean When a Currency Feels “Bid in an Offered Market?”
US500 4 HOUR CHART – Not a surprise
If you followed my view that the US500 appeared to look bidin an offered market unless 5500+ was regained then you would not be surprised by the move down.
One day left for US stock market trading this week where 5200- needs to hold or face a risk of further selling.
Back aiove 5400 would be needed to ease the risk.
Kewep tching the headlines as markets seem to grasp at any glimmer of good tariff news.
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