EURUSD Week Ahead
Resistances at : 1.07900 , 1.08350 and 1.09250
Supports at : 1.07400, 1.07200 and 1.06950
Pattern wise, Resistance at 1.07900 should Hold, and Down move should continue…but is it going to happen like that this time ?? Well, this Down trend that started on 27.12.2023. doesn’t have the usual angle for it…although it is very similar , still…makes me cautious…
1.07900 is The Major point right now, as break of it would lead the pair straight to 1.09250 , even 1.09400 . Mind you, we would still be in Sell mode !
Now let’s talk about the Ideal development – Res at 1.07900 holds it’s ground – we have a sharp drop to 1.07 area and continue down , with the 1.05600 in cross hairs.
So let’s see how it develops on Monday….
Any politically motivated act , that undermines International Laws is plain Wrong.
It is one thing to confiscate a property of a known criminal , Dictator and such, but a country’s CB funds….that is a Pandora’s box , and it is open wide now…
There are procedures that MUST be followed , or we’ll have a world of lawlessness , where the one with the biggest club is always right, without any chance for small countries to survive.
International Court has to be the place to settle such issues….Sue them ffs, and if found guilty , rip them off…
Politicians just follow the inertia of the moment, love the publicity that it brings them and happily share their so “wise” thoughts over social media. Clowns that rule….
I totally agree that Russia has to pay for the mayhem and suffering they induced on Ukraine , but it has to be done through the proper channels .
Everything is allowed in the war, but actions like this one will spill all over….If they can do this to them…OMG , what are they going to do to me…that is the question to be asked….
Elvira Nabiullina, Bank of Russia
–
“Essentially, (confiscation) is a breach of the basic principles of central bank reserve protection,” Nabiullina said. “In international law, this is one of the key, basic principles of immunity of central bank assets from coercive measures of seizure.
“In our view, deviation from this principle, will lead to the, albeit gradual, undermining of the system of international finance and the position of reserve currencies in the world.”
Confiscating Russia’s assets would send negative signal, says central bank Reuters, February 16, 2024
who is jamie dimon
–
JPMorgan reported $49.6 billion of net income last year, beating its own record set in 2021.
That marks a higher annual profit than any other firm in US banking history, per Bloomberg.
The bank attributed the record results to a surge in interest income as rates rose through 2023.
a Jamie Dimon keeps winning. JPMorgan just booked a bigger annual profit than any US bank in history.
a celebrated and – maybe envied – banker
connected ?
–
Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power, and national security – Fortune 11/02/2024
12:10 PM Fed’s Daly: “Navigating Geopolitical Turbulence and Domestic Uncertainty”
Don’t know who’s jamie dimon and just read the name here a few times but nevertheless… That’s why I said… keep buying paper… if US markets lose anymore of their credibility then the world is headed for even more geo-political turbulence…
and markets zzs
–
Three rate cuts in 2024 is a ‘reasonable baseline,’ San Francisco Fed President Mary Daly says
Fed’s Daly says patience is needed to finish the job on inflation – By Greg Robb
Our friends @GTWO3 are looking for EUR/JPY to turn lower from the 162.00 area as the rally from 12/27 is short covering rather than new buyers …
EURJPY Daily Chart
Testing res at 161.86
Question is can EURJPY make a run at…
Key res 163.71 and 164.30
To do so, either USDJPY would need to move sharply higher, EURUSD would need to move sharply higher, a combination of the two or EURUSD would need to lag a sharp move up in USDJPY. It’s simple algebra.
Whatever the case, given broader USD trends, it would probably take JPY weakness for the key EURJPY resistance to come into play.
© 2024 Global View