[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

[Mtl JP]

Rafe … Everyone’s trying to make it in the world
some are just better at it:
–
Goldman Sachs CEO Solomon gets 24% pay bump to $31 million
(Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said

[Belgrade Bobby]

Re : Inflation – isn’t it clear that politicians are playing in line with the public opinion ( at least on the surface and in wording) , and two types of public are in the play :

Your ordinary Joe , that suffers under the weight of increased prices for basic needs – he needs to hear that rates are going to go down, which for him means same as : Prices will go down….and that is a pure crap….better tomorrow…similar to religions offering it in the afterlife.

Second group is made of so called “experts” , and those are mostly mediocre , running on the wave of past performance and constant need for things to change every now and then…or ffs how they gonna be able to give interviews, be so clever and smile into the camera…and of course, most of them would like to be Loved by the public…so similar to politicians…

Reality is that Inflation is here to stay for unforeseeable period – even if all the reasons behind it are dealt with, some new ones are not only coming, but are promised – like electrical vehicles, ONLY…how is that going to reflect on prices of transportation, logistics, and then spill over all the sectors of industry, trade, services…who’s gonna pay for that..Von der Layen , Biden, Chancellor Olaf Scholz  …naaah…don’t think so…

Also, trying to base our expectations on those of the market players might only screw us up….

Watch your charts, your 6 and keep your head above the water and out of the box 😀

[SF Monedge]

JP – I have a close friend who is one.  They absolutely will.  The economic impact would likely remain local but there could be some minimal effect on a larger scale imo.

[Mtl JP]

SF – what do you think about the potential of truckers boycotting deliveries to NY city ?
food, fuel, medicines etc etc

[Mtl JP]

while waiting for one side to stomp over the other
some boredom relief : a Waffle Stomp – Joe Walsh
at thy discretion

[Mtl JP]

the so-called inflation fight is not about some price level
it is about the rate at which prices are rising (higher price over month, over year)

[SF Monedge]

JP – The Fed cutting rates any time soon is amounting to a window into how confused people are, even analysts.

From Moody’s Analytics: “While inflation has fallen considerably from a peak of 9.1% notched during June 2022, it remains well above the Federal Reserve’s 2% goal. Additionally, when compared with January 2021, prices are up a stunning 17.6%.”

“The cost of necessities like food, gasoline, rent and child care remain far more expensive than they were just one year ago. Chronically high prices are forcing Americans to spend about $650 more per month than they did two years ago, according to a recent estimate from Moody’s Analytics.”

 

[Mtl JP]

and another cnbc drivel suggests that “Inflation fight may go down bumpy path”

bumpy, in trading, could mean range trading until one side breaks out

[Mtl JP]

how is this for redundant question
–
cnbc — CNBC Daily Open: Is progress on inflation stalling?

drivel claims that “… investors will have to wait until later this month for PCE data when it’s released on Feb. 29.”

[SF Monedge]

Gold and Aud are both calm.  The market has no concern about the Houthis beating the US in a fist fight

[Mtl JP]

10-yr 4.281 / DLRx 104.24 / euro 1.0762
–
yield niaahhh, dlr uP a bit ; euro off it 1.0790ish earlier lid

cnbc – “Houthis claim ‘catastrophic’ attack in Red Sea that prompted crew to abandon ship”

catastrophic for who … us’ alleged most this and that military might ?
crude’s up a bit

[SF Monedge]

I have a hard time envisioning Usd/Jpy 149.90 area breaks down today.  We were short from Asia, and now prefer long with limited horizons barring some catastrophe.

[GVI Forex 2]

USDJPY 4 Hour Chart – Uptrend consolidating

150.00 is the bias-setting level going forward.

4-hour Levels are very clear

Sup: 148.92/149.52/149.82

Res: 140.65/150.88

Note, USDJPY tends to be most sensitive currency to moves in US bond yields

Scross down the forum to see USDJPY analysis from ForexCycle

[Anonymous]

global view// you got mail

[Belgrade Bobby]

EURUSD

From yesterday’s Week Ahead :

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…

 

They came, they touched and they bumped ( 1.07894)

We need it to go through 1.07500 to confirm the pattern and continue down.

Let’s see how it’s played…

 

[Mtl JP]

gooddy gooddy … just like the FED likes it:
–
CNBC Daily Open: Fears over yet another hot inflation gauge

[Mtl JP]

with players still “sticky” about FED rate cut which FED gang has taken pains to try cool
–
FED puts out its Minutes on wednesday
for those to whom they matter

[Mtl JP]

sofar quiete on the trading front
–
Trump says truckers boycotting driving to New York City are great patriots

[GVI Forex 2]

This article is worth trading as it covers the week ahead

Morning Bid: China markets look like they need another holiday

[Forex Cycle]

USDJPY Analysis: Uptrend Continues, Resistance and Support Levels

The USDJPY pair is currently within a rising price channel on the 4-hour chart, indicating that the pair remains in an uptrend from 145.89.

As long as the channel support holds, the upside move is likely to continue. A breakthrough of the 150.88 resistance level could potentially take the price towards the 151.90 resistance level.

On the downside, a breakdown below the channel support could bring the price to test the 149.52 support level. If the price breaks below this level, it would indicate that the upside move has already completed at 150.88, and the next downside target would be around the 147.50 area.

[Mtl JP]

player sentiment heading into new week
–
Just one of a number of a gathering of similar takes I have read over last few days about the market:
‘Peak Euphoria’ Warning Blares as Stress Vanishes on Wall Street
(Bloomberg)

…Fed officials seem sanguine about it all, and indicate that the next move is a cut, just further out. … “A hot CPI woke markets up to the fact that risks are two sided. But still, mindsets are hard to change, as most people anchor to recent history,” the firm’s team including Christopher Metli wrote in a note.

Technically, there a number of instruments in the “overbaught” territory. In itself not a strong sell signal, just a prescient one without a precise timing.

[Mtl JP]

wazzadat you say watson – economic unrest ?
–
US dollar to remain world’s reserve currency, Fed’s Waller says
Waller said the US dollar is likely to remain the world’s reserve currency in part because of the “flight to quality” during economic unrest

[GVI Forex 2]

EURUSD daily chart – major trend down but consolidating

1.0805 is the key level as it appears not just on the daily but on multipole time grant charts

There is a trendline at 1.0793 but 1.0805 is the key on top.

Only a firm break and 1.08+ then being established would suggest the low (1.0696) is ion for now.

Take your pick of support within 1.07-1.98 with 1.0730 being the only one worth noting ahead of the key low.

[SF Monedge]

Our friends at Gtwo3 continue to notice a lack of new sellers in both Euro and Japanese Yen futures; therefore in their view the nearby contracts remain bullish.

They also note that the Gold futures dip under 2000 last week lacked new sellers, which likely kept the market bullish for now.

[Anonymous]

JP// Wanna know why USA is the greatest economic superpower in the world…

Answer: the FED. That organization is the one who took responsibility for you and by putting money into your pocket, they have given you such a good life… Do you appreciate that?

Go along… according to the long term financial visions of the harbingers of sound economic policy…

Think Modi is the reason for India’s growth story?… No… it is RBI… they were around and working on the long term visions for the country long before Modi entered politics…

[Belgrade Bobby]

Gold

Looking as ready to fly again – Support at 1985.00 held its ground , and all eyes are targeting Resistance at 2018.00, followed by 2055.00, break of would lead the way to previous high at 2145.00.

Watch your 6 , as there is an abyss  bellow 1985.00 …

And for those that know:

Gold
Always believe in your soul
You’ve got the power to know
You’re indestructible
Always believe in, because you are
Gold
Glad that you’re bound to return
There’s something I could have learned
You’re indestructible, always believe in

Who doesn’t get it…don’t even ask….

 

[Anonymous]

February 17, 2024 at 1:24 pm #1703

bobby//I wonder who scared the piss out of you… it is safer to watch criminals as a science, like that it might keep you out of harms way and save the lives of others until help arrives…

—————————————————————–

February 17, 2024 at 4:34 pm #1716

JP//it is not required to have an opinion on your posts, never had one and never will… there’s a saying don’t judge others unless you want them to judge you.

—————————————————————–
February 17, 2024 at 4:48 pm #1717

JP//always try to be helpful…

—————————————————————–

February 17, 2024 at 11:06 pm #1719

JP//90-day paper is the best thing to buy irrespective of yields, rather that buying them for a profit motive it’s best to save your country which has given you so much…

read my below quote,… hehe =)

Be grateful, buy 90-day paper…

[Belgrade Bobby]

USDJPY – Week Ahead

Yen is losing it’s ground last 7 weeks, with some sudden waves of strength here and there, mainly coming from Japanese officials blubber (seems to me that they just want to keep it steady and slow – the decline) .

Resistances at: 150.900, 151.950 and target one in 154.000 area.

Supports at : 150.100, 149.900, 148.800 and the last one at 148.450

Major levels of interest right now are Supp 149.900 and Res 150.900

Not much data in coming week, but check it always in Economic Calendar

 

[Mtl JP]

Feb 16 10:16 Caribbean! Rafe… “I said… keep buying paper…”
a quick look at long-term govvy bonds (iShares 20 Plus Year Treasury Bond ETF (NASDAQ:TLT) is down over 9% y/y year.
Feb ’23 $101 vs 92.75 current

[Author]

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