[Mtl JP]

experts’ expectation way way off

228 vs 140 exp’d

[GVI Forex 2]

Next up is the March jobs report… a weaker report is expected… see our Economic Data Calendar

[Mtl JP]

8:30 NFP
–
gaming this puppy today is likely to be, at most, wet noodle trade
given market’s current sentiment

unless NFP comes in significantly weaker than current 140K expectation

[Mtl JP]

EURO 1.1055-ish

puppy is inside 1.0950 and 1.11 range
with, currently, somewhere around cautious to bullish sentiment

[Mtl JP]

some cute things on deck this morning:
–
8:30 US NFP
11:25 Jerome Powell on (his?) Economic Outlook

[Mtl JP]

EURO 1.1075-ish

what is the plan for 1.11 – IF seen ?

[Mtl JP]

US 10-YR 3.869% -0.186

atm lower yield works against the dollar

[Mtl JP]

re china’s 34% tariff: Trump needs to squish Xi’s head

week-end could be long

[Mtl JP]

Reuters 9mins ago:

Tariffs latest: China says it will impose additional 34% tariffs on all US goods
China announced a slew of tariffs and restrictions against U.S. goods as a countermeasure to Trump’s duties. U.S stock futures fell sharply after the move.

[GVI Forex 2]

Wake up White House, you have a panic on your hands

US500 15 MINUTE  CHART

 

EURUSD 15 MINUTE CHART

[GVI Forex 2]

USDJPY DAILY – Safe haven

Remains highly correlated with risk mood as JPY acts as a safe haven.

146.50 remains the key level on top…below it keeps 145.00-20 and potentially below on the radar

[Belgrade Bobby]

XAUUSD 4h – Gold

Resistances: 3100.00, 3120.00 & 3150.00

Supports: 3075.00, 3050.00 & 3025.00

For today, in order to continue up Gold has to break above 3120.00

Break below 3075.00 would delay that move , with a chance to test 3050.00

This hole Uptrend is based on trendline support at 3025.00

[GVI Forex 2]

Using my platform as a HEATMAP shows..

… the dollar trading firmer, more than reversing=early losses… biggest losers are the AUD and NZD

No news other than more irsk off and a more typical reaction (USD up) after yesterday’s wave of position liquidations… EURUSD  focus still on 1.10 while above 1.0950.

US yields down… 10 year tests sub 4.0%

Stocks down

Gold hanging around 3100 (currently just below it)

Looking ahead, U.S. jobs report (weaker reading expected) and a speech by Fed Chair Powell on the economic outlook at 11:25 EDT (16:25 GMT)

 

 

[Belgrade Bobby]

EURUSD 4h

EUR went Up about 60 pips from open and failed.

Now all eyes are on 1.09500 ( but take this really wide – with this kind of situation levels are kind of stretchy )

Supports: 1.09500, 1.09250 & 1.08850

Resistances: 1.10150, 1.10550 & 1.11100

Unless this turns into full blown downtrend, current range is within 1.08850 & 1.12700

[Mtl JP]

Warren Buffet’s magnanimity:
“‘Keep your head’: Warren Buffett suggests reading a 19th century poem when stocks fall” – via cnbc
that would likely be Rudyard Kipling’s 1895 poem “If”

hahaha … keep your head lol

[Mtl JP]

Japan traders continue to hammer their Nikkei sofar some -2.8% , and repeat of Th

also dumping the dollar and buying and bringing home their yens (145.70 atm)

[Mtl JP]

Suggestion for trade
“Friday’s jobs report threatens to be a losing proposition for markets” – gated piece on CNBC

[Mtl JP]

Disturbing Question on CNBC:

“Behind the market rout: Was there panic selling that typically precedes a bottom?”

wouldn’t you – and every uncle – like to know, eh ?

[Mtl JP]

Does President Trump need Jerome Powell / Fed Reserve ?
US 10-yr yield: 3.985% at 11:30 PM EDT
–
the so-called scardycats who read falling bond yields as presentiment of gearing down of economy into recession should also gear up for stocks to puke deeper

[GVI Forex 2]

In our blog

Watching President Trump unveil the reciprocal tariff details my initial reaction was …, Holy crap! It felt like a nuclear bomb hit the global trading order…

What is the Trump reciprocal tariffs game plan?

[Mtl JP]

From some clowns at WSJ:
–
“Trump’s Tariffs Were Supposed to Boost the Dollar. Why the Opposite Happened.
Worries that long-term U.S. growth will fade could matter more for the currency than the mechanical impact of tariffs” – By Jon Sindreu

‘I Should Have Sold More’: Wall Street Reels as Trump’s Plan Sinks Markets
The president’s sweeping tariffs proved far more severe than investors predicted
By Gregory Zuckerman, Krystal Hur and Gunjan Banerji”
April 3, 2025 4:48 pm ET

“One CIO’s Advice During Tariff Selloff: ‘Turn Off the TV and Read a Book’
By Karen Langley, Reporter April 3, 2025 4:42-ish pm ET

I should … One CIO’s Advice …- published AFTER TSHTF
hahahaha, I like , I like, I like

[Mtl JP]

Stocks performance the day after start of liberation:
DJIA -3.98%
Nasdaq Comp -5.97
SNP 500 -4.84
Qtn to President Trump: Are you worried about the markets ?
Pres Trump: No. Everything is fine. Markets will come back up.

The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon – Jeff Cox

Should the president hold fast to his tougher-than-expected trade policy, there’s a material risk of at least near-term costs. …/..

[Belgrade Bobby]

XAUUSD – Gold Daily

Gold reached new high today and instantly lost over 110 pips, just to bounce back up again.

Close tonight above 3110.00 would be Bullish.

Supports: 3110.00, 3090.00 & 3065.00

Resistances: 3135.00, 3150.00 & 3170.00

[Belgrade Bobby]

EURUSD 4h

Supports: 1.10150, 1.09850 & 1.09500

Resistances: 1.10400, 1.10850 & 1.11250

The way it is closing tonight indicates more Up tomorrow

If above today’s high targets 1.12650

[Belgrade Bobby]

Nvidia – NVDA

Nvidia is going for 97 area

Resistances: 103.65, 106.50 & 108.00

Supports: 97 & 96.40

[Belgrade Bobby]

DAX – ger30

I said it on April 1st. And it was no joke…

Unless some miracle happens it should fail and go for 21.750

Now target has been reached and breached, and unless DAX goes tomorrow immediately above 21.750 we’ll be looking at range in 20.050 – 21.750 area.

Right now first target is at 21.450

[GVI Forex 2]

NAS100 4 HOUR – Benign neglect

The lack of concern by Trump &Co. over what they call short-term pain has helped fuel an already shaky market over the ledge.

On the downside, see the chart for key support levels (18294, 17235, 16958) but more important is there should be offers lying in wait on any decent bounce

[GVI Forex 2]

US500 WEEKLY CHART = Tariff driven meltdown

Keep this simple… there will be offers above the market on any decdent bounce unless there is news nd/or 5500+ is regained.

Going strictly by the weekly chart, 5382 stands in the way of a void to a major level at 5087.

[ST London]

It seems the US wanna buy dollars Asia the opposite and London is just trading

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Consolidation?

Outside day but no close below 3100 leaves this level as a bias setter

Expect choppy trade while within Thursday’s 3054-3167 (record high) range but only a break of 3050-54 would suggest anything more than consolidation.

[Author]

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