[Mtl JP]

10-yr 4.4530
–
as tragedy continues

[SF Monedge]

JP – exactly why a neural approach is necessary for proper evaluation but not the gambit.  These are there own instruments after all.

[michael Calif]

BTC futures continue in BEARISH Option Profile waves from the mid – March TOP

[GVI Forex 2]

BTC 4 HOUR CHART -ON THE SIDELINES

BTC has been trading in the background as it trades within a 61093-62220 range, one that seems too tight to last for long.

Depending on whether your cup is half empty or half filled, it seems the downside is limited unless it can get back below 60000.

[Mtl JP]

USD is not welded to yield exactly tick for point and not uniformly accross the board either.

ex dlrchf s doing its own thing

[GVI Forex 2]

USDCAD 4 HOUR CHART – TESTED BOTH SIDES

When I used to trade currency futures, traders liked the CAD as ut tended to be one of the more technically driven currencies.

Today was one of those technically driven days. USDCAD tested 1.3690 resistance and that was followed by a test of 1.3632 support.

Technicals are pointed down but needs a 1.3532 and 1.3609 break to move out of the current range.

Intra-day, look for the Power of 50 1.3650 level to be pivotal.

[michael Calif]

Euro futures continue in BULLISH Option Profile waves from the mid-April BOTTOM

[SF Monedge]

JP – Gracias.  Going with percent of Powell fabrication which should be high.

[GVI Forex 2]

EURUSD DAILY CHART – TRYING FOR A BREAKOUT

What is surprising by today’s move is the timing as it appeared traders were content to sit on their hands waiting for tomorrow’s US data.

Whatever the case, the move above 1.0814 is significant if it holds but a break of the trendline, 1.0834 today, is needed to confirm the tide has turned in favor of the EURUSD.

Whatever the csse, EURUSD 1.08 now becomes pivotal as above it market will likely be in a buy on dips.

[michael Calif]

USD futures continue in BEARISH Option Profile wavves from the TOP earlier this month

[Mtl JP]

Monedge 2:02 I ve bagged mine now
–
I doubt there is anything more important to the market that can still be said that has not been said yet

time for jerome to board an emissions emitting plane and be done

[Mtl JP]

note to jerome:
there is a difference between
INFLATION and RATE of INFLATION

to the peasant what matters is the accumulated risings of price of a thinggie.

inflation is cumulative (Econ 102)

[Mtl JP]

I doubt there is anything more left to say that matters after jerome stated
“higher for longer” referring to restraint of economy.

[Mtl JP]

jerome talking about economy and labour could make one think he is stomping for biden lol

[GVI Forex 2]

Watch headlines for Powell comments in panel discussion.

[SF Monedge]

I’m getting long dollar

[Mtl JP]

USDJPY 156.454-ish
–
hot hot hot. eager players not heeding spreads
for now

[Belgrade Bobby]

Mtl, your conclusions – right on spot !

[GVI Forex 2]

NAS100 30 MINUTE CHART – DOWN LIKE AN ELEVATOR UP LIKE AN ELEVATOR

The usual phrase is up like an escalator, down like an elevator but price action after the US PPI report whipsaws in all markets.

This included US bond yields where the 20–year spiked to 4.525% and then fell to 4.455% (last 4.467%)

Looking at this chart, iNAS100 has yet to test its pre-PPI blue AT line high at 18220 so a key level on top. Note CFD price feeds can vary between brokers so match the chart patterns you see on this chart with what you see on yours.

Next up is Fed Chair Powell

[Mtl JP]

EURDLR breaking out N of 89 & 200dma conjunction
post-PPI and ahead of
10:00am jerome yak – maybe an attempt at clarifying his policy’s timing-itch

maybe euro 1.0850/75 on target radar. (not a recommendation , just a technical observation)

[Belgrade Bobby]

EURUSD Daily

Make your own conclusions…

[Belgrade Bobby]

EURUSD 4H – Update after the Data

So 1.07650 held it’s ground and 1.08050 taken out.

Has to close this bar above 1.07900 for more gains. Target in 1.08500 area

[GVI Forex 2]

The old adage it is the reaction to news that matters has played out again with USD sellers lying in wait on the new jerk move up in the USD after the hotter PPI.

Same with binds… yields spiked higher and have since come back below 4.50%.

[SF Monedge]

I like selling Sterling today lets see how the data goes.

[GVI Forex 2]

Next up is US PPI, normally a non-event but in the current world, where even a 0.1% miss can see a volatile reaction, it pays to be on alert.

[GVI Forex 2]

GBPUSD 4 HOUR CHART – 1.25-1.26?

While the earlier fall-off-a-cliff move was unnerving, GBPUSD remains within 1.25-1.26, suggesting the 1.2550 level will dictate its intra-day bias.

As noted earlier, 1.2500-02 is a key level as there is qa voud below it.

On the upside, 1.2570-94 guards the key 1.2634 level.

[GVI Forex 2]

URUSD 4 HOUR CHART -CUP HALF EMPTY OR HALF FILLED

Depending on how you look at it EURUSD has shown some resilience but would need to take out 1.0813, which is in its 2nd week of not being tested,  and stay above 1.08 to suggest more scope on the upside.

Support is clear at 1.0760 with supp[ort as long as it holds.’

There is a lower top at 1.0807 from yesterday but only a break of 1.0760 would turn this into a shift in directional risk.

[GVI Forex 2]

Summary

Euro/dollar down 2.4% this year, off 5-month lows

Euro weakness limited as economic divergence with US ebbs

Parity still a possibility further out, analysts say

LONDON/MILAN, May 14 (Reuters) – The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central Bank policymakers who could be struggling to detach themselves from the Federal Reserve’s monetary policy outlook.

Euro keeps dollar ‘gorilla’ from scuppe ring ECB rate outlook

[GVI Forex 2]

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

Macro markets have basically frozen ahead of this week’s big U.S. inflation releases, with sideshow entertainment provided by a fresh burst in activity in so-called ‘meme stocks’ while earnings updates and deals sagas dominated overseas.

AMERICAS Inflation vigil sees single stock sideshows

[Mtl JP]

Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more
* President Joe Biden plans to impose a 100% tariff on Chinese electric vehicle imports, a 50% tariff on Chinese solar cells and a 25% tariff on certain Chinese steel and aluminum imports.
*The announcement comes after weeks of White House officials warning Beijing to amend certain trade practices that the Washington argues have weakened global supply chains.
* Administration officials predicted that these tariffs will have “no inflationary impact.”

Biden administration has so far maintained that these tariffs will have “no inflationary impact” because they are not “across the board”

[Author]

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