[Belgrade Bobby]

EURUSD Daily

Just looking at the Daily chart – this is top formation…

Unless there is the “invisible” hand below at around 1.08750/800

It is more probable that we are going to see 1.07850 first , then up.

Break below 1.09050 again would confirm that view.

All that we have seen in last 4 days are Upticks and not sustainable move.

So, as long as EUR stays below 1.09500 in next couple of hours will push it lower.

[GVI Forex 2]

US OPEN

Risk sentiment improves with ES +1.3% whilst USD dips awaiting trade updates

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.

5 Things You Need to Know

China MOFCOM says China strongly opposes 50% additional tariffs and urges resolution of disputes with United States via dialogue.

European bourses are on a firmer footing with US futures also in the green; ES +1.5%.

USD softer vs. most major peers, antipodeans lead, EUR/USD remains on a 1.09 handle.

Bonds were initially contained but has recently given way to pressure as the risk tone recovers.

Crude choppy in a tight range while metals benefit from a softer Dollar ahead of trade updates.

Try Newsquawk free for 7 days

[GVI Forex 2]

XAUUSD 4 HOUR CHART – BACK TO 3000

Trading back ti 3000, which will ultimately set the direction, after another bout of liquidations found support below the market.

This leaves the range at 2955 -3045/55.

As noted yesterday, logic says that GOLD should see safe have flows in times of stress. This has not been the case when a need for liquidity outweighs the need for safety. I call this being a victim of collateral damage.

 

 

[GVI Forex 2]

EURUSD lower: Only news I have seen are dovish ECB comment

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[GVI Forex 2]

Using my platform as a HEATMAP show…

… the dollar TRADING MIXED ahead of Wednesday when traditional tariffs kick in…

Price action suggests a faint hope Trump will blink but no sign of it yet

USDJPY backing off 148 as US bond yields back off a touch after rising sharply yesterday m

EURUSD backing off earlier high after pausing below 1.10 (HIGH 1.0992)

AUDUSD outperforming after finding support below .6000

US stocks up bit within yesterday’s ranges

No key Sara due… watch how markets react to news headlines fir clues

[Adam Global]

will Eur keep moving higher or will the 1.1000 keep holding it down

Let’s wait for 2mrw

[Mtl JP]

to the end – whatever that is

China says it will ‘fight to the end’ after Trump threatens 50% additional tariffs

ps / President Trump has given Xi until noon nyt tomorrow

[Mtl JP]

ASIA stocks opened uP some
after europes stocks closed down 4 … 5%

BUT
China says it will never accept US ‘blackmail’ in escalated tariff threats
and
China state firms vow to boost share purchases to calm markets

[Mtl JP]

Today, it appears, most if not all “experts” calling President Trump’s tariff inducements all kinds of dispariging names have been made fools (such as SquawkBox’s crew)

Stock futures rise after S&P 500 posts three-day losing streak amid tariff turmoil: Live updates

Monday marked yet another volatile trading day on Wall Street, with the S&P 500 posting its third consecutive loss.

Stock futures rose on Monday evening after the S&P 500 extended its losses for a third day following President Donald Trump’s tariffs announcement.

huh ?

[GVI Forex 2]

In our blog

While I use charts for my trading, I also treat it like a puzzle. When all the pieces fit together the orie action makes sense to me and makes it easier to trade with confidence. When a poiee is missing I go on a search to try and find it.

Will EURUSD Continue to Move Higher?

[GVI Forex 2]

Posted in our blog

Why is this financial market crisis different from all other crises?

[Mtl JP]

EURDLR 1.0904 april 7th close

and still inside range

[GVI Forex 2]

XAUUSD DAILY CHART =  Victim of collateral damage

Logic says that GOLD should see safe have flows in times of stress. This has not been the case as a need for liquidity outweighs the need for safety. I call this being a victim of collateral damage.
Current pattern 3 down days in a row.

3000 will set the tone

Below 2950-55 would suggest more risk on the downside.

Above 3000 and then  3045-55 would be needed to negate the risk.

[Mtl JP]

anyone on the forum feeling friski ?

Hedge funds pile up record short bets against stocks as traders go into ‘self-protection mode’
an hour ago • Yun Li on cnbc

[Mtl JP]

US, Iran in direct talks over nuclear program, Trump says
WASHINGTON, April 7 (Reuters) – President Donald Trump said on Monday that the United States and Iran were beginning direct talks on Tehran’s nuclear program, a surprise announcement after Iranian officials had appeared to rebuff U.S. calls for such negotiations.

Iran had pushed back against Trump’s demands that it directly negotiate over its nuclear program or be bombed, though it had initially left the door open to indirect discussions.

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news.

“We’re having direct talks with Iran, and they’ve started. It’ll go on Saturday. We have a very big meeting, and we’ll see what can happen,” Trump told reporters in the Oval Office during talks with visiting Israeli Prime Minister Benjamin Netanyahu.

“And I think everybody agrees that doing a deal would be preferable,” Trump said. He did not elaborate.

—
did trump need to elaborate with bibi on his side ?
maybe wisely bibi kept his mouth shut about interpreting trump

[GVI Forex 2]

Big bounce in yields may be giving the USD support (USDJPY 148.00)

[GVI Forex 2]

US500 4 HOUR CHART  – Ready for a pause?

Nothing is simple in the current market but bounce off 4800 (low 4798) has potential to signal a pause but jury is still out..

To make it anything more than that a dead cat bounce, (i.e. retracement rather than a freefall), 5000 needs to become support followed by a solid move above 5200.

A clue will be how to reacts to tariff news.

 

 

[Mtl JP]

trump n bibi yakking

[Belgrade Bobby]

EURUSD Daily

Close above 1.09350 tonight might send EUR straight to 1.12700 tomorrow – crazy , isn’t it

Still, watch your 6…

Close below 1.09200 would be rather bearish for tomorrow.

Supports: 1.09050, 1.07750 & 1.07450

Resistances: 1.09600, 1.09850 & 1.10500

[Mtl JP]

European putzhood
–
EU member states are due to vote on this proposal on April 9:
EU Commission proposes 25% counter-tariffs on some US imports, document shows By Julia Payne, Reuters

[Belgrade Bobby]

Tesla – TSLA

Resistance 250

Support : 220 & 165

Dare to go below 165 – let us see what’s gonna be.

Won’t help knowing the people that know the people…

[Belgrade Bobby]

NIO Inc.

For my Nio gang – took a dive, but considering everything and other stocks…not too bad

3.60 is now resistance above the head

2.10 possible target of this downtrend.

Nothing more can be said – we are experiencing a situation that we didn’t have before….

[Mtl JP]

re 4:41 and fink
addendun / correction ?
–
“Most CEOs I talk to would say we are probably in a recession right now,” Fink said at an event for the Economic Club of New York.
– cnbc

[Adam Global]

Bitcoin joined the sell off broke below $80K

[Adam Global]

Let’s capitalis on this tariffs and trade war made $71 today

[Adam Global]

Tariffs and trade war are breaking all over again more sell over

[Alex Lugano]

Stocks selloff goes on; Trump warns of more China tariffs if it doesn’t back off
·         Futures price in extra 25bps Fed easing this year

·         Stocks down but off lows of day

·         Major stock indexes fell again in volatile trading on Monday as U.S. President Donald Trump said he will impose an additional 50% tariff on China if Beijing does not withdraw its retaliatory tariffs on the United States, while the dollar and bond yields rose.

·         Also, the White House denied a report that Trump is considering a 90-day pause in tariffs for all countries except China. The report, which the White House said was “fake news,” briefly turned U.S. stocks positive earlier.

·         “You can tell shorts are on a hair trigger today, watching around every corner for a possible Fed intervention, tariff pause, or trade deal. It goes to show you just how short-lived this market rout is likely to be,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.

·         Traders bet the increasing risk of recession could result in the Federal Reserve cutting interest rates as early as May. Futures markets moved to price in almost five quarter-point cuts in U.S. rates this year.

[Alex Lugano]

Weakened Dollar Suggests Investors Fear for U.S. Economy
Movements in currency markets are a key way to determine the economic consequences of U.S. tariffs, Capital Economics group chief economist Neil Shearing says in a note. The depreciation in the dollar since the tariff announcements could indicate tariff implementation has shaken investor faith in the credibility of U.S. policymaking and its institutions, he says. Traditional economics suggest the dollar should appreciate following the imposition of tariffs. But tariffs of this size may endanger the health of the U.S. economy, meaning investors price in a substantially lower path for U.S. interest rates, he says. Still, the various factors at play, including retaliation, mean estimates about the impact carry a high degree of uncertainty, Shearing says.

[Anonymous]

Recession???

Dictum: All of the countries can conduct two way trade amongst themselves.

So 1 country in the world has the right to conduct two way trade with any of the other 200+ countries in the world.

There never was an exclusive monopoly agreement signed between any two or more countries to buy/sell only to/from each other.

I abide by the below principles:

A man is only as good as his word.

A handshake seals the deal.

[Alex Lugano]

Investors pile into safe-haven currencies as tariff worries ripple through markets

Key points:

·         Investors scoop up the yen and Swiss franc

·         Aussie steadies after hitting five-year low

·         Markets leaning toward Fed cut in May

Investors bought into safe havens such as the dollar, yen and Swiss franc on Monday as concerns about a global recession heightened following U.S. President Donald Trump’s sweeping tariffs on trading partners.

·         Global markets plunged on Monday, with Wall Street stocks trading lower after Asian shares sank, as investors wagered the mounting risk of a deep economic downturn could lead to a cut in U.S. interest rates as early as May.

·         The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all dropped against the dollar.

·         The dollar cut its losses against other safe-haven currencies. It was up 0.50% against the yen  USDJPY to 147.605, after tumbling more than 1.4% earlier in the session.

·         The dollar also hit its lowest in six months against the Swiss franc and was last down 0.06% at 0.8605 franc in choppy trading.  USDCHF.

·         “The only thing we know for sure is that it’s volatile … But I think broadly, leaving aside nuances, because tariffs are thought to be hurting world growth, those currencies that seem to be more like risk-on currencies – the dollar bloc and the Scandies – they are underperforming,” said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.

·         “On the other hand, the currencies that are typically safe-haven currencies – like the Swiss franc and yen – are performing better.”

·         The euro  EURUSD, which gained as much as 0.7% to $1.1050 earlier in the session, was down 0.39% at $1.091775.

·         “The euro has certainly performed really quite well over the last couple of days since we’ve heard about the tariffs,” said Jane Foley, head of FX strategy at Rabobank.

·         “Maybe that’s related to the euro zone current account position, or maybe it’s just related to investors still moving out of U.S. assets and still not quite sure where they should be moving their money to.”

While the dollar is typically known as a safe-haven asset, that status seems to be eroding as uncertainty over tariffs and concern over their impact on U.S. growth intensify.

Brought to you by Reuters

[Author]

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