[wfakhoury Amman]

April 23, 2024 at 1:24 pm
wfakhoury Amman

GOLD
2323 confirmed will be reached.
____________________
2323.00 Reached.
100% Guaranteed

[Mtl JP]

10 o’ocl,ock hanki panki someone is trying to dump usd and see 1.07+ euro print

nothing fundumantal here other than hyenas tussling

[GVI Forex 2]

EURUSD 1 HOUR CHART – DATA/NEWS DRIVEN MARKET

I am posting this chart to illustrate how hyper-sensitive the market is to any data that might change interest rate cut expectations.

The spike up on this chart came after the flash Ez PMI earlier.

This is why you need to be in touch with what news is coming out and the consensus forecasts.

[wfakhoury Amman]

GOLD
2323 confirmed will be reached.

[GVI Forex 2]

Next up is the US S&P Global Services PMI Flash

In this highly sensitive data-driven world this can have an inpact although the iSM PMI is considered more important.

See forecast in our Economic Calendar

[GVI Forex 2]

I WAS JUST ASKED HOW TO IDENTIFY THE PATH OF LEAST RESISTANCE. IT IS ALL EXPLAINED IN THIS BLOG ARTICLE

Jay Meisler’s Common Sense Trading: How You Can Identify the Path of Least Resistance?

[GVI Forex 2]

Thanks to Newsquawk.com for broadcasting the comments from BOE’s Pill that sent GBP higher.

As you can see it was worth sharing it on the forum.

[GVI Forex 2]

EURJPY 4 HOUR CHART – PATH OF LEAST RESISTANCE

If you want to be short JPY but are worried about intervention (i.e. USDJPY 155), one way to do so is via the crosses, such as buying EURJPY.

Why?

The answer is simple. There is less likely to see intervention in a cross than in USDJPY and why I call it the path of least resistance. .

[GVI Forex 2]

Why news matters…

BOE Chief Economist Pill speaking… the outlook for UK monetary policy has not changed substantially since March

GBP pops on his comments

[GVI Forex 2]

You have seen me post one of my favorite blog articles. The Power of 50. Look at current rates

GBPUSD 1.2350
EURUSD 1.0655
AUDUSD .6450

My Favorite Trading Secret: The Power of the “50” Level

[Mtl JP]

10-yr 4.617% Yield | 6:52 AM EDT

us national debt at appr $34.4 Trillion, adding another Trillion approx every 100 days (cnbc)

[GVI Forex 2]

BTC 4 HOUR CHART — 60000-70000

BTC taking a back seat to the XAUUSD retreat as it flounders within 60000-70000 with major levels outside it.

This chart shows a range around 63000-68000 but I am reluctant to look for a range in a “currency” that can move 7% on a Saturday.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

World markets have cheered up a bit this week, but ailing Tesla’s (TSLA.O), opens new tab tanking stock price faces a critical earnings test later on Tuesday and this month’s European business pulse proved surprisingly racy.

Relief at cooling Middle East tensions helped steady the ship on Monday after the worst week on Wall Street since 2022 – with bellwether chip giant Nvidia (NVDA.O), opens new tab recouping some of Friday’s 10% lunge as Big Tech megacaps get set to report first quarter updates over three days of a heavy earnings diary.

Morning Bid: Tanking Tesla reports, Europe business beats

[GVI Forex 2]

GBPUSD 30 MINUTE CHART -1.23-1.24

GBPUSD getting a pop from its flash PMI but not enough to take out 1.2399

This leaves GBPUSD consolidating within 1.23-1.24

Expect a mgnetic 1.2350 to be pivotal and set its intra-day boas.

What has taken some pressure off the downside is EURGBP buying pressures easing.

[Mtl JP]

now that congress is sending more billions worth to various parts of the world, blinken who yesterday tried to bully china’s foreign policy with respect towards russia, is heading to china on wednesday (for three days) wsj reports: “U.S. Takes Aim at China Banks Aiding Russia War Effort
Washington says Beijing’s dual-use trade has helped Moscow rebuild its war machine.”

do “smart traders ignore politics” ?

[Mtl JP]

Bobby 9:43 = also known as Gold Miner’s Dilemma

[Belgrade Bobby]

EURUSD 4h

Breakout or Fakeout ?

Never closed above the trendline

Needs two consecutive bars to close above it to confirm.

[wfakhoury Amman]

GOLD
2328.00 is the consolidation level.
2281.00 has been confirmed and will be reached if it stays below 2300.
Use level 2300 for the movement..above it will consolidate to 2328 below it will decline to 2281

[GVI Forex 2]

XAUUSD 4 HOUR CHART — CORRECTION?

Fauikure above 2400 and back below 2350-54 puts XAUUSD on the defensive.

Now needs to hold 2300-20 (2302-18) to keep this from building into a more serious retracement.

[SF Monedge]

Ok Bobby, will have a cup of tea and give it some good thought and circle back (thumbs up)

[Belgrade Bobby]

BTW Monedge, guess you have checked out the Trading pit 

Anything you would like to see there…some add ons ??? I can arange many things…know people that know people 😀

[Belgrade Bobby]

I like Bloomberg Asia – wakes me up in the morning 🙂

[SF Monedge]

Bobby – Bloomberg The Open (Johnathan Ferro – kiss of death cheerleader).  Bloomberg as soon as Chenali from Goldman is the lead (Exceptioinally strong).  Bloomerg Asia – (exceptional).  Cnbc – Enter the water at your own risk.

[SF Monedge]

It put a smile on my face Bobby.  I can’t stand that clown Johnathan Ferro on Bloomberg, it went South as soon as he became lead in the morning, all I can stand is the Asian session in Bloomberg anymore just because of him lol.  Until Chenali comes on in NY proper then its great, she is former Goldman and strong.  The biggest loss I ever took was following the advice of the treasuries guy on Cnbc years ago lol.  Might it be advisable to listen to them but factor in imperfection?

[Belgrade Bobby]

Economic calendar – tomorrow’s data

 

[Belgrade Bobby]

Monedge, what prompted my little rant here is the flood of “positive” news on stocks….at least on line…I had to check it out, just to get pissy….

[SF Monedge]

Bobby – as I mentioned earlier covered calls fell off of a cliff this morning.  That either amounts to everyone getting out or letting them go naked on an uphill run.  If you look as the relation with spot in simple technical terms that anyone can understand, Dxy is holding with rates which supports the idea stocks are not as happy as they seem.  We had a strong close on 4/11 that turned into a pump and dump lasting six days.  Also S/P options did not clear Fridays high mark so not sold on the hoopla at this point.

[Belgrade Bobby]

Tesla – TSLA

Chart speaks for itself.

Last line of defence is at 135.

So long , and thanks for the fish….

[michael Calif]

agree, Bobby …   Option Profile confirmed the Apr 1 high in June e-mini futures as an absolute top; there is no declared bottom yet.

[Belgrade Bobby]

S&P 500 climbs nearly 1% to end the six-day losing streak

 

Closing changes on the day:

·         S&P 500 up 0.8%

·         DJIA +0.7%

·         Russell 2000 +1.1%

·         Nasdaq Comp +1.0%

·         Toronto TSX Comp +0.3%

 

I had to take a look – such a hysteria that started probably with Bloomberg and then whole net took it over.

It is all in the title, isn’t it ?? Well NO !

I would use some nice words to explain this , but I am warned to stay away from profanity , so I’ll just show you Daily and Weekly chart of S&P 500.

Does this look Bullish to any of you ??? Honestly….don’t be shy…

I can see the possibility to try for the double top …maybe 5.200, and then 4.600 here we come.

So much fake news, false information and paid advertisements ….

[Author]

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