[GVI Forex 2]

XAUUSD 4 HOUR CHART –    Hit a wall at 2930

Repeated failure to break 2930 has put it more on the defensive

Now dependent on 2858 holding to prevent a run at the 2832 low.

Another way tio look at this is 2881 = midway of 2832-2930, so could act as a pivot level.

[Anonymous]

FYI video has more detailed information.

From bank to social media: Income Tax dept to soon have legal access to your accounts by economic times.

watch?v=MLjGlKQdWIw

[Anonymous]

one of the stories that triggered it all…

note… they mention an Individual not company but “An Individual”

Your email and social media account can be accessed by income tax officers starting financial year 2026-27 in these cases
By Ira Alok Puranik, ET Online

According to clause 247 of the Income Tax bill, if an authorised officer has reason to believe that an individual possesses undisclosed income or property that comes under the ambit of I-T Act, they can “break open the lock of any door, box, locker, safe, almirah, or other receptacle for exercising the powers conferred by clause (i), to enter and search any building, place, etc., where the keys thereof or the access to such building, place, etc., is not available, or gain access by overriding the access code to any said computer system, or virtual digital space, where the access code thereof is not available.”.

https://economictimes.indiatimes.com/wealth/tax/your-email-and-social-media-account-can-be-accessed-by-income-tax-officer-starting-next-financial-year-in-these-cases/articleshow/118685184.cms

[Anonymous]

That’s why I said let Russia take Ukraine…

Jay// Tell me a bedtime story… What were the central banks and markets like before I was born?

March 10, 2025 at 10:49 am #20632

This headline sums up the current market
Trump chaos pushes central banks into shadows

 

[Anonymous]

hey you !!! wise guy eh??

The powerful politically elite mafia called their tax office subordinates at the very top and asked them to confess if it is true that they have already had backdoor access from decades ago or they wanna face dire consequences such as two thousand men being sent to ransack the tax offices and thrash the tax officials black and blue.

[Anonymous]

Kamikazi reporting by some media outlets… sacrifice articles of few teams for the common good, so as to not compromise their other scam operations by their other operatives.

Anyhows…

‘Fear Mongering’: I-T Sources Clarify After Reports Say Tax Officers May Scan Emails, Social Media

….’The tax department is not into snooping of social media accounts or online activities of a taxpayer,’ an official privy to the matter told PTI.

…The powers for such a coercive action “already existed” in the 1961 Act, and these have only been reiterated in the Income Tax Bill of 2025, he said.

https://www.ndtvprofit.com/economy-finance/fear-mongering-i-t-sources-clarify-after-reports-say-tax-officers-may-scan-emails-social-media

[Belgrade Bobby]

EURUSD 4h – Update

No emotions – no opinions – strictly technical view:

Trendline / Support Lost

Now it acts as a resistance at 1.08450/500

Supports at 1.08250 & 1.08050

First target at 1.07650

[GVI Forex 2]

US500 weekly chart – Trump Retreat

Let’s call it the Trump Retreat that has US500 trading at levels not seen in almost 6 months.

At a minimum, 5670+ would be needed to slow the freefall but only 5800 would ease the riSk.

Support is a guess so use 5600 and 5500 asa potential pause levelds.

[GVI Forex 2]

USDJPY high just now 147.30… so paused below 147.35

[GVI Forex 2]

Now USDJPY pop back abOve 147… above 147.17 breaks momwntum but faces resistance at 147.35

[GVI Forex 2]

It is all about a risk off day and JPY getting the safe haven flows. CADJOY remains the worst performer (weak CAD)

[GVI Forex 2]

i may be reading too much into one headline but EURUSD seemeerd to lose a little of its swagger after that the Greens had issues with increaed d=spending just on defense.

[Belgrade Bobby]

DAX – GER 30

So option No1 came through : Break below 22.900 would lead Dax to around 22.350

Watch closely that Support as it is the Major base for any Up move.

As Yoyo behaviour continues, be ready for anything !

Keep in mind that if DAX fails to penetrate support at 22.350 it will turn Up again and it can be violently….

 

 

[Belgrade Bobby]

XAUUSD – Gold

Resistances: 2920.00, 2930.00 & 2960.00

Supports: 2895.00, 2880.00 & 2830.00

Gold tried for 5 days to go back above the previous support trendline – now Resistance, but failed.

Now we should see test of Supports – Ideally it should have a nice correction all the way to 2765.00, but 2830.00 would do the job as well…

 

[GVI Forex 2]

USDCAD 4 HOUR  – TARIFF CLOUD

CAD has been the underperformer today, weaker not just vs the USD but vs the JPY as well

Political vacuum to deal with the tariff cloud hanging over Canada  is seen on this cart that would need toi regain 1.4435-50 to put the key 1.56+ area on plat again.

Keeps a bid as long as it holds 1.4350-55.

[Belgrade Bobby]

EURUSD 4h

Supports: 1.08450, 1.08300 & 1.08200

Resistance: 1.08750, 1.08900 & 1.09650

Next 4h Bar is crucial for the direction – if it manages to go above 1.08900 and stay above it, EUR will continue Up.

In such a case target is in 1.10600 area.

If not, we should be watching everything between 1.05600 & 1.06400 down there.

 

[ST London]

UsdJpy 147 is crucial

Patience

If it bounces see what happens at 147.25 for a failure would give immediate straight line to 146.25 then remaining below 147 after that would give something like 146.86

[GVI Forex 2]

EURUSD brief black hole reaction to German news

Try Newsquawk for 7 Days Free

EURUSS 15 MINUTE CHART — Headline risk

News Algo headline reaction then back to square one (1.0850)

[GVI Forex 2]

This headline sums up the current market

Trump chaos pushes central banks into shadows

[GVI Forex 2]

USDJPY DAILY CHART –  DOWNTREND

Solid downtrend that shows a void on the downside.

This makes the most recent low (146.92) the closest support with a void until 145.90 and 141.64.

Another way to look at it is 146.50 blocks exposing 145.00.

Only back above 148 would deflect the risk

[GVI Forex 2]

XAUUSD 4 HOUR CHART –  Remains in a range

Remains in a tight 2890-2930 range, the upper end has 4 touches..

Above 2930 exposes 2945 and the 2956 record high.

Below 2790 and 2859 expose the 2832 low again.

Using the 2832-2930 range, midpoint is 2881 but 2900 seems to be setting the tone.

[GVI Forex 2]

EURUSD bounce just now from above 1.08 would need a solid 1.0850+ to shift the focus away from 1.08 and back to the 1.0888 high.

Bounce in EURJPY just now seemed to coincide with a modest bounce in US stocks off the lows.

In the current environment, look for stock market bounces to lack follow through, for exampole, as long as US500 stays below 5800

[GVI Forex 2]

Using my platform as a HEATMAP

Mixed start to the week

EURUSD backing off towards (but still above) 1.08.… USDJPY weaker ==> EURJPY weaker (GBPJPY as well) asa JPY gets safe haven flows.

AUDUSD, NZDUSD a touch firmer, USDCAD about unchanged

Tariffs, trade war risk, recession talk weighing on US equities

The Savvy Trader was ahead of the curve when he wrote this article’

Is the U.S. headed for a recession by the Savvy Trader?

Light calendar so another headline watching day after Trump weekend comments (scroll below) added to a risk off mood

[GVI Forex 2]

BTCUSD the big mover (down 6%) and has given back the Trump strategic reserve spike,

[GVI Forex 2]

Early call on US stocks : lower

Recession fears: President Trump declined on Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession. In an interview aired on Fox News, Mr. Trump also told Maria Bartiromo, the host of “Sunday Morning Futures,” that he was considering increasing tariffs against Mexico and Canada. When asked if he was expecting a recession this year, Mr. Trump responded that “I hate to predict things like that” and that there would be “a period of transition,” but that eventually “it should be great for us.” Read more ›… NYT

 

[GVI Forex 2]

Early call on US stocks : lower

Recession fears: President Trump declined on Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession. In an interview aired on Fox News, Mr. Trump also told Maria Bartiromo, the host of “Sunday Morning Futures,” that he was considering increasing tariffs against Mexico and Canada. When asked if he was expecting a recession this year, Mr. Trump responded that “I hate to predict things like that” and that there would be “a period of transition,” but that eventually “it should be great for us.” Read more ›… NYT

 

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

This week’s economic outlook focuses on key global trends. In Asia, China may introduce stimulus measures following its National People’s Congress, as policymakers shift to a “moderately loose” monetary stance. Meanwhile, India and Australia monitor inflation and confidence data for signs of economic shifts. In Europe, Germany’s struggling manufacturing sector remains a concern, though potential defense spending increases could offer future support. The Eurozone continues battling weak industrial output. In the U.S., recession risks are rising as job growth slows, inflation remains high, and consumer sentiment declines. The Fed is expected to hold interest rates steady as uncertainty looms.

 

Econoday

[GVI Forex 2]

U.S. moved clocks ahead one hour this weekend for daylight savings time.

Europe moves its clocks on March 30.

[GVI Forex 2]

Commerce Secy Lutnick said 25% tariffs on steel and aluminum imports will go into effect on Wednesday

[Anonymous]

EURUSD:- Currently at 1.0834… Target @ 1.1036… I wrote this here many weeks ago…

Whoever went long on my calls has already made a lotsa money already. And I will make many more forecasts in coming times… 🙂

 

GL GT

[Author]

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