[Mtl JP]

this “Ford cuts prices of electric Mustang Mach-E by up to $8,100” reminds me that

ford’s ev division is expecting 5.5 billion dlr loss this yr

and that

autoworkers donkeyholes ar getting tight on the realization that EV cars require less salary(wo)men to asseble that traditional ones

[SF Monedge]

I noted last week I believed Eur/Jpy might target the 50% mark of our model, which is 162.20, it has been revisited repeatedly overtime.  It was reached, but it is not looking very decisive.  That said, it is still bid as long as 191.90 holds in our model.

[Mtl JP]

exciting ?
“Elon Musk says first Neuralink patient can control a computer mouse through thinking”

I imagine trading on my toy similar to Samantha (Liz Montgomery in Bewitched) casting a spell

[GVI Forex 2]

 

S&P500 4-hour chart – risk-off day (note this is a CFD chart and different brokers may have different feeds and pricing for the same symbol.)

so, i will just post the chart and match up the lines with what your chart shows

[Belgrade Bobby]

EURUSD – has to stay above 1.08100 or face the deeper correction

[Mtl JP]

EURO 1.0820 as I type
–
with puppy jumping over feb 12th high, it ll need to keep above it if it is to slink higher towards 1.09

I am slightly biased bullish for now.

[Mtl JP]

DLRx 103.78
to state the obvious : dlr is on the back foot somewhat

one could be suspicious of players trying to push the puppy lower for possible buying but I am not convinced there is underlaying appetite for the buck.

maybe if FED yakkers come out with higher for longer hymns or Minutes deliver something to impress players later this week

[GVI Forex 2]

EURGBP .8550

Down after failing to hold .8570+

Note price action in respective pairs (GBPUSD at high for the day, EURUSD backing off its high)

[GVI Forex 2]

 

XAUUSD 30 Min Chart – is the high for the day in?

Having held the 1995 level I cited in prior posts, XAUUSD is rallying in line with a weaker USD

So far the high around 2031 is just shy of last week’s 2032 high

2025 = support that needs to hold to keep the high at risk

2015 = low of the day so expect support below the market as long as it stays above it

[Belgrade Bobby]

Those that Bought EURUSD last night at the support area, either take your profits now or move the Trailing Stop to just bellow 1.07900 .

[SF Monedge]

Aud/Usd and Gold moving in tandem again as in prior sessions, this time it is a pivot breakout and so it has legs

[SF Monedge]

Like long Usd/Chf and yen here, coincides with post from Asia last night, will see

[GVI Forex 2]

Lower CDA CPI than expected

See our Economic Calendar

[GVI Forex 2]

GBPUSD 15 minute chart

Why did GBPUSD pop higher?

Look at a EURGBP chart (back below .8570, last .8565)

Simple algebra GBPUSD/EURUSD = EURGBP

[Mtl JP]

Frank – u old salt … u regret ?

thks for the trade idea post. it even has a positive carry
gl

[Swiss Frank]

I may regret this but the aud/chf entered into last week for somewhat protective reasons I undo here on the approach to the 200 day mov avg which has a good track record, and re-allocate into usd/chf which once it clears the sticky area .8800-.8850 should make a run for .9100-.9200…. We’ll see…

[GVI Forex 2]

EURGBP Daily Chart (correcting or end of trend>)

Those who have followed me over the years have seen me say you can’t trade EURUSD or GBPUSD without keeping an eye on EURGBP. The move up in this cross is behind some of the demand for EURUSD while GBPUSD struggles on the upside.

As the chart shows, EURGBP has bounced off a test of .8500 *just below( and is currently trying to establish above,8575, which would expose .8592-.8620 as the last leg down is negated.

On the downside, it needs to hold .8532 to keep the bid but .8570+ for the string bid.

[Mtl JP]

Canada $
–
fwiw dec inflation printed 3.4%, current expectation by “experts” for january reading is 3.3%

[Mtl JP]

gaming trade opportunity coming up in a bit more than 2 hrs
–
USDcad 1.3484
08:30 – canada inflation

BoC s been making smoke sigbals that any enthusistics about early int rate cut are mis-placed

[GVI Forex 2]

No EURUSD impact

ECB data shows a 4.5% y/y change in negotiated wages in 4Q23 vs 4.7% y/y in the 3Q23

[Belgrade Bobby]

EURUSD

Downtrend line from 28.12.2023. broken !

Support zone 1.07700/800

Resistance 1.08058

 

[GVI Forex 2]

So attention is on the European Central Bank is set to release its measure of negotiated wage rates.

It is not on any economic calendar but is attracting attention.

[GVI Forex 2]

A look at the day ahead in European and global markets from Tom Westbrook

Europe’s central bank has singled out wages as the single biggest risk to its crusade to contain inflation. Fourth-quarter negotiated wages data likely headlines the trading day.

Morning Bid: Wages will test wagers on rates

[SF Monedge]

Usd/Jpy – We expect the pair to maintain an overall bid bias into and perhaps continuing tomorrows US session.  Some volatility and swings expected of course.  It is quite possible that the pair continues the bid tone into US data and retests the 149.90 before resuming upward.

[Forex Cycle]

USDCHF Analysis: Uptrend Continues, Resistance and Support Levels

The USDCHF pair is currently above a rising trend line on its 4-hour chart, indicating that the pair remains in an uptrend from 0.8550.

As long as the trend line support holds, the pullback from 0.8885 could be seen as consolidation for the uptrend. A breakthrough of the 0.8845 resistance level could trigger another rise to test the 0.8885 resistance level. A breakthrough of this level would aim for the 0.9000 area.

The key support level is located at 0.8782. Only a breakdown below this level would indicate that the upside move has completed at the 0.8885 resistance level already. In this case, the pair would find next support at around the 0.8650 area.

[SF Monedge]

JP – give it 10 days and most of them will sing the same different tune lol

[SF Monedge]

Our friends with Gtwo3.com are of the opinion that Euro Futures are on a buy-only status around current levels; the Euro should not be shorted at this time  …

[Mtl JP]

ROFL …. please someone tell me
that there is no co-ordination, that I am a hallucinating conspirationalist:
–

Summers: “Meaningful Chance” That Fed Might Hike Rates
YouTube · Bloomberg Television 3 days ago

Rate Hike May Be Fed’s Next Move If Growth Picks Up
4 days ago — (Bloomberg) — The Federal Reserve’s next interest-rate move could be a hike — rather than a cut — if the US economy reaccelerates …

[GVI Forex 2]

USDCAD 4-Hour Cgart

Why am I posting a USDCAD chart?

There is a very light economic calendar on Tuesday except for Canada CPI.

Looking at this chart, there is a broad range near 1.34-1.36 (1.3412-1.3585)

So it is no wonder the pair keeps gravitating towards the 1,35 midpoint.

Rising trendline offset by falling resistance lines (blue).

Whatever the case, expect some volatility around the CA inflation report but only a break of 1.34-1.36 would be significant/

Visit our Economic Calendar

[Belgrade Bobby]

The pair got itself in the triangle , with clear Resistance at 1.07850 and Support at 1.07600
Buying above Res and selling bellow Supp is an easy deal…but you have to implement S/L in the right place
If Selling, S/L above 1.08000
If Buying S/L bellow 1.07500
Calculate your stop and multiple it with at least 1:3 – that should be your desired profit

[Author]

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