[Belgrade Bobby]

Tesla – TSLA

Bearish pattern on Tesla – more losses are expected.

215.00 support in front of very important one at 165.00

Resistance tomorrow at 245.00

Have to admit – it is holding pretty well , considering everything…

[Belgrade Bobby]

USDCAD Daily

Loonie facing trouble

USDCAD has to close above 1.42500 tonight to attack 1.43000 and further on.

Two levels are resistances: 1.44 & 1.45500

However, close below 1.42250 might give it a chance to go for 1.40 and even 1.37500

In normal circumstances, I would already shout “Buy”, but we have everything but normal on our hands right now.

[Belgrade Bobby]

BTCUSD – Bitcoin Weekly

Obvious down trend.

Resistances: 82 K, 87 K & 91 K

Supports: 74 K, 66.500 & 62.500

We can expect a good interest to emerge around 65K already.

On the long run, no one expected to be able to buy it once it went above 70K, but here comes another chance.

It still might dive some more, but I wouldn’t be comfortable buying it if it goes below 62.250 – and I am talking cash here…not margin and leverage.

[Belgrade Bobby]

XAUUSD – Gold Daily

Previous support became resistance – now at 3025.00

Supports: 2975.00, 2955.00 & 2930.00

More down is expected.

Ultimate target is at 2830.00

[Mtl JP]

The KNOT
–
SnP open: 5,193.57; atm: 5,051.05

[Mtl JP]

market has its panties in a knot again

[Mtl JP]

GVI 4:36 – thanks for the timely post !

[GVI Forex 2]

Stocks took a hit on this

Try Newsquawk free for 7 days

[GVI Forex 2]

The way WH officials are showing bemign neglect over the stock market tumble makes them sounds like their nodies have been inhabited by progressive Democrats.

[Belgrade Bobby]

DAX – ger30

Nice bounce on DAX – 2.000 pips.

If nothing bad happens and no new disastrous news comes out in coming days, we might have slowly consolidation.

Supports : 20.000, 19.225 & 18.500

Resistances: 20.500, 21.500 & 21.850

[GVI Forex 2]

Dead cat bounce?

US500 back beloiw 5200

[GVI Forex 2]

10 year last 4.205%… USDJPY AT 147.25

[SF Monedge]

$74.6 billion in April 2024.  That is the US trade deficit.  This was caused mainly by a long list of countries imposing TARIFFS on America.  $37 TRILLION deficit.  That is the US budget deficit. Something had to give at some point with the big boy on the block.

[SF Monedge]

Chris Watling of Longview Economics (CEO) is on Bloomberg right now saying exactly what I just pointed out.  He bought lows yesterday as well, realizing the gains will likely take time to mature this go around.  This is not a crash.  It is a very aggressive reaction/washout to rebalance to match fundamental developments/conditions.  A growing list of countries are now offering a no tariffs condition.  EU included.  China is the wild card.  They will blink eventually.  They need to trade with the US.

[GVI Forex 2]

Those trading EURUSD… selling just now coming from EURGBP

[GVI Forex 2]

Note the correlation

10 year 4.257% => 4.233%

USDJPY 147.66 => 147.44

[SF Monedge]

I dumped OPEN months ago after bad earnings, it is a flounder now.  BTE and SATL are working.  And a few others.  Yen futures are likely to see 6690 or so and should bounce from there.   That is unlikely to be seen until later this week if so/at best.  If you trust Yen continuing its uptrend that is a fair spot.

[Mtl JP]

euro 1.09

averyone has the same Q but
no same answer , eh

[SF Monedge]

Markets will likely remain in an overall downtrend until China blinks on tariffs.  That may be a while.  In the meantime, stocks-bonds-notes-Yen are all highly algorithmic at present and have been so for months.

[GVI Forex 2]

10 year 4.25%… usd up

[SF Monedge]

That penny stock has a 3+billion market cap.  It is only going so far down.  I like those because they are like option contracts.  You will only lose small if so.  All indices are moving virtually lock step.  Yen as well.  The only difference is this 3 day washout happened fast.  Markets may linger a bit due to the sell cycle but they are going up in time.  It usually takes roughly 1 to 3 weeks.  So that was dramatic but not a crash.

[SF Monedge]

Markets are not failing.  I held a stock from a few weeks ago and sold at 2.55 the 17th.  Bought it again yesterday at the lows of 1.55.  It popped this morning with S/P.  A bit gutsy.  Should see 2+ again in coming days.  All that happened is they washed out longs in 3 days this time.  We are still in a downtrend but that is a clear indication of buy interest done by algorithms. Lock step.

[GVI Forex 2]

Someone woke up to higher US yields (USDJPY last 147.30 vs 146.66)…..bonds should be senstive to how stocks trade

[GVI Forex 2]

US bond yields are up and at the high of the day (10 year 4.224%), helped by the risk on start to the day.

USDJPY, by contrast to yesterday, is down despite the uptick in yields.

It is clearly defensive trading waiting for the next headline and the start of tariffs tomorrow.

[Alex Lugano]

World stocks recover from a beating but the mood is fragile

·         Treasury Secretary Bessent to lead trade negotiations with Japan

·         Japan’s Nikkei surges 6%, European shares rally

·         Wall Street expected to open high

·         Oil holds near four-year lows, dollar weak

World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, but caution prevailed with focus on whether Washington might be willing to negotiate on some of its aggressive tariffs.

Asia stocks bounced off 1-1/2 year lows (.MIAP00000PUS), European shares rallied over 1.5%  SXXP and U.S. stock futures  ES1! pointed to a positive open for Wall Street where shares had fallen to their lowest in over a year on Monday before steadying.

U.S. 10-year Treasury yields also steadied after posting their biggest one-day jump in a year on Monday and the dollar, which has taken a beating from the tariff turmoil, remained weak against other major currencies.

“The mood is a little brighter, at least if you are looking at certain markets such as Japan which might be a priority for trade deal, but there is lots of uncertainty,” said Chris Scicluna, head of economic research at Daiwa Capital Markets in London.

“Markets could continue to be extremely volatile.”

[Alex Lugano]

US Dollar Falls Early Tuesday Ahead of Redbook, San Francisco Fed’s Daly

USDEUR rose to 1.0926 from 1.0918 at the Monday US close but was below a level of 1.0960 at the same time Monday morning. There are no Eurozone data on Tuesday’s schedule. The next European Central Bank meeting is scheduled for April 16-17.

GBPUSD rose to 1.2759 from 1.2718 at the Monday US close but was below a level of 1.2828 at the same time Monday morning. There are no UK data on Tuesday’s schedule. The next Bank of England meeting is scheduled for May 8.

USDJPY fell to 146.8483 from 147.9590 at the Monday US close but was above a level of 146.2347 at the same time Monday morning. The Japanese current account surplus widened in February while Japanese business sentiment remain pessimistic, according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USDCAD fell to 1.4200 from 1.4247 at the Monday US close and 1.4257 at the same time Monday morning. The Canadian Ivey Purchasing Managers Index survey for March, a measure of economic activity, is due to be released at 10:00 am ET. The next Bank of Canada meeting is scheduled for April 16.

[Mtl JP]

data / event deck rather sparse today

14:00nyt – daly yaks (on Economic Outlook) iee-HA!

[Mtl JP]

EURO 1.0930 – traders appear to be unexcited to buy the puppy — that in a nega-dollar sentiment .

I mentioned euro / dlr spreads yesterday: still a relevant driver if one accepts it. Atm one can interpret euro as languishing, more politely consolidating but with a mild yet weak / doubtful bullish tilt.

ECB on deck next Thursday. Current gumflappings suggest tilt to “easing”.
Two ecb yakkers on deck this morning.

[Mtl JP]

Geee —– all I see is the colour GREEN across the board !

¿Qué pasa mi burro?

[Belgrade Bobby]

USDJPY Daily

Supports: 146.500, 145.350 & 144.550

Resistances: 148.150, 148.750 & 149.450

Taking into account that market considers JPY as a safe heaven, it is logical to expect it to go through 144.550 and attack 140.000

However, on a very big picture- Monthly – USDJPY is Bullish and level that would change this current picture is at 152.000, and it is pivotal – below we see 140 , above 165

[Author]

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