[SF Monedge]

Hi hk, glad you are here.  Great place to be.

[SF Monedge]

BoJ just mouthed off about Yen levels as I expected this morning.  Do not buy UsdJpy.

[Ab hk]

After 3 rate cuts, we could still be well above 4….

[Ab hk]

To be honest, I don’t quite like the new platform. It seems the posting is not as stable.
Gold has been under many concerted effort let’s see how many lies can be covered before the Bubble bursts. First should be stocks.

[Ab hk]

Hi everyone, first post here. I am hk ab

[SF Monedge]

My colleagues are of the view June USD and June Yen futures remain Buyer controlled, so the view is any price dips can be confidently bought.  Conversely June Euro and Pound futures remain Seller controlled and so any rallies can be confidently sold.

[GVI Forex]

XAUUSD 4 HIOUR CHART

I was asked to post an XAUUSD chart so here goes as well…

The bounce from solid 2145 support has broken 2172, suggesting an end to the retracement.

However, as the chart shows there is still layers of resistance *blue) ahead of the 2195 key high.

Looking at this chart, support is at 2164-72, which needs to hold to keep the focus on 2195 and away from 2145.

[SF Monedge]

Price action was precise and coordinated almost lock step across currencies instantly.  Noooo, system isn’t corrupt lol.

[GVI Forex]

BTC 4-HOUR CHART

 

I was asked to post a BTC chart so here foes.

The retracement has so far failed to test 60000 and a key support below it.

Going strictly by AT technicals, 65786 )blue line) and the trendline would need to be broken to confirm an end of the retracement.

Otherwise, retracement risk lingers.

[GVI Forex]

10 year back up yo 4.30% waiting for Powell

[Mtl JP]

“Central bankers expect inflation slowdown to resume and maintain their lower-rate outlook.”

USDCHF 8870 Sup holding.
sofar

[GVI Forex]

FOMC…No surprises

[Swiss Frank]

Swiss inflation going back up and SNB saying instead of 130 bio chf we’re going to buy 150 bio….

[Mtl JP]

snb june cut is priced in.
swiss economy is in the toilet

2023 is over and sofar this year swissy is down more than 5% vs the dlr ytd.
I think the tone for the swissy is now set.

Q I currently have is what would send players rushing back into the CHF ?

[Swiss Frank]

.9680-.9700 is an important res for eur/chf. Once/if cleared -> .9850-.9900 -> 1.0000 comes into focus.

[Swiss Frank]

To give some perspective to the importance of who heads the SNB following Jordan who was a strong advocate of currency management, in 2022 the SNB sold foreign currencies worth 22.3 bio CHF. In 2023 under Jordan’s strong CHF policy they sold 132.9 bio chf of foreign currencies (buying CHF). Any step back from the strong CHF policy should have a super size impact….

https://www.reuters.com/business/finance/swiss-national-bank-sold-forex-worth-nearly-150-billion-2023-2024-03-19/

[Swiss Frank]

SNB HIGHLY unlikely to move on rates tomorrow. Meeting speculation centers around whether a successor to Jordan will be named tomorrow. Which is also probably unlikely but fwiw thats the talk…

https://www.swissinfo.ch/eng/the-frontrunners-to-replace-swiss-national-bank-president-thomas-jordan/73207658

[GVI Forex]

2 more hours until the FOMC. Bond yields off, USD backing off a bit, suggests someone is looking for the status quo FOMC.

[SF Monedge]

Nice commentary from everyone in here today.  My colleagues are of the view June Gold futures are Seller controlled and are selling rallies into the 2196-2225 range.

[Mtl JP]

After FOMC today

SNB with 35% odds of rate cutting on deck tomorrow, Thursday.
Eminently playable imo

[Author]

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