[Mtl JP]

EURO 1.0770 as I type.
puppy is ever-so gingerly trying to punch through 1.0780 Sup

—-

is powell’s “interview” LIVE or is it a few days old pre-registration ?

how about amateur hour mostly benefitting CBS News ’60 Minutes’ eyeball count

cbsnews peddles it as
“There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.”

[GVI Forex 2]

Alert

Fed Chair Powell who is scheduled to be on US TV’s CBS News ’60 Minutes’
program on Sunday evening (19:00EST) to discuss inflation risks and rate cuts

[Belgrade Bobby]

EURUSD
After quite a drop on Friday, caused by the number of numerous data positive for USD , it is a question what happens next ??
Well, base on the pattern, derived from the daily chart , early Europe might just pick it up, for no good reason whatsoever, except for the custom to buy EUR at all times…Now there is a possibility to reach the first Resistance at 1.08200, but depending on the mood of those involved, it can reach up to 1.08400 and still be in the strong downtrend.
Support awaits at 1.07450 and might prove to be a bit stubborn…nevertheless , once taken out ( as pattern suggests at least another 3-4 weeks of down pressure ), opens the road to first target in 1.05 area. Now, if that happens, we’ll be targeting parity , over period of time. I’ll be with you and updates tomorrow Europe morning…Ciao

[Anonymous]

Geopolitical risks

U.S. and Britain strike Yemen’s Houthis in a new wave, retaliating for attacks by Iran-backed militants

Houthis promise ‘escalation’ after U.S., British strikes in Yemen

[Mtl JP]

when things are relative
–
“Zuckerberg to earn $700M a year from Meta dividend despite child safety backlash”

wheather he earns it or not is immaterial to the fact that zuck makes me a mega-loser
on a relative earning basis

[Mtl JP]

cnn – “US launches retaliatory strikes on Iranian-linked militia targets in Iraq and Syria”

[GVI Forex 2]

US launches retaliatory strikes on Iranian-linked militia targets in Iraq and Syria

Expect more such strikes in coming days

(Probably why stocks backed off highs late)

[GVI Forex 2]

Tks Frank, your insights are always appreciated.

[Mtl JP]

either fwiw or entertainment
–
fed insider … “explaining”
https://finance.yahoo.com/video/fed-supertanker-thats-hard-redirect-200743810.html

[Swiss Frank]

A friend of mine passes along this thought- Improvements in inflation are largely due to drops in energy. Those are most likely based and done at current levels. Peak in rates was never restrictive enough to slow things down (my thought on that is higher rates only matter in rate sensitive sectors so largely benign. But speaking of rate sensitive sectors watch out for commercial real estate). Going forward watch for rates to retest the highs of last year (his thoughts again- He-s uber bearish bonds), stocks have probably seen their highs at these levels for the next 3-6 months especially with big tech earnings behind now. Fx he didn’t have much conviction other than it’s hard to be bearish the usd against this backdrop. He thinks no rate cuts from the Fed this year. fwiw….

[Anonymous]

10 year 4.018%

FX following but not stocks

[Mtl JP]

fwiw
–
jerome appears to have forgotten something at his earlier press conference
as a result he has a time-slot reserved on upcoming Sunday eve’s CBS’ “60 Minutes”

[Mtl JP]

as per my previous post about MAs and trading …
–
EURO 1.0805 as I type ( LoD 1.791-ish)

puppy’s bull enthusiasts got their nuts stretched if not outright ripped on (as Frank asks) good that FED is data dependent – i.e. what would you like the number to be sir – now Res at 100ma to regain a minimum of bullishness

I am also data dependent: yield and dlr.
as I pointed earlier one was wrong.
now things are a bit broght back into respect – as it should be.

[Swiss Frank]

So ADP on Wednesday misses by a third to the downside. Friday NFP misses by about 100% to the upside. ADP, the private sector number headline weak. NFP breakdown shows no growth in government, no growth in manufacturing, and everything coming from private…. Good thing the Fed has gone data dependent, right?

[Anonymous]

Blockbuster jobs report

[Belgrade Bobby]

Check out the Data Economic Calendar

[Belgrade Bobby]

EURUSD
If 1.08800 holds , it will target 1.09800 – that target gets lower with the time…so everything between 1.09500 and 800
Looks as the pressure is building to the upper side…For real Up move, I would prefer some consolidation phase or good retracement, but it is what it is…

[GVI Forex 2]

Welcome those in my LinkedIn Group

Traders: Registration link is in the upper right (and dropdown menu in our mobile site)

Brokers and Trading Setvices: Contact me if you want a presence on our site

[GVI Forex 2]

Next key event: US jobs report

USD currently trading soft ahead of it despite uptick in US bond yields

See consensus forecast in our Economic Calendar

[GVI Forex 2]

Market expectations for first rate cut

ECB:: March

Fed: May

BOE: June

[Mtl JP]

GVI 8:11 so what will be your trade or stay aside and wait to fade – maybe ?

[GVI Forex 2]

Next key event is the US jobs report on Friday. Check out the forecasts in our Economic Calendar

[GVI Forex 2]

Next key event is the US jobs report on Friday. Check out the forecasts in our Economic Calendar

[Mtl JP]

time to turn on the “sentiment turn” sniffing algo

[Belgrade Bobby]

Global-view.com is once again Rockin’ all over the world https://youtu.be/eEO6v-YiS00?si=9BhVTQkoEs7zH3lX
We’ll all remember the good old days for as long as we exist , but we’ll be moving forward…just like sharks…once they stop – they die. Welcome one and all and feel like at home . Ask any question and you’ll be answered.
We are all together here to navigate the murky waters of global markets and in particular those of the Forex .

[Anonymous]

And as JP says follow the yields

(US yields down sharply)

[Belgrade Bobby]

Monedge , I am trying to be of help…there are so many good gadgets here that people have to try…back in time it was a big struggle finding one of these for free, not to mention to have a place where anyone can easily navigate and find what they’re looking for. I hope all the small hiccups will be dealt with this week, so we can go back to byz as usual…I would love if you gonna join me in Trading Pit so we can share some trading tips and signals.

[SF Monedge]

Bobby, if I may, you are so helpful. After years of using gadgets, Monedge learned how to trade in motion with the market. Bruce Lee said … “don’t think, feeeel” lol. It is ok to become one with the markets but it requires courage !

[GVI Forex 2]

ISM PMI 49.1 vs. 47.2 expected, caught market leaning the other way but so far all moves contained

[Anonymous]

Yields are down, see if USD reacts

[Author]

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