[GVI Forex 2]

THIS BLOG ARTICLE IS WORTH READING AS IT INCLUDES A PRIMER ON DIFFERENT TYPES OF INTERVENTION

Trader Alert: Will the Bank of Japan Intervene and Does Forex Intervention Work?

 

[Belgrade Knez]

one big move in JPY and now back to where it was ….. someone really made nice money and run some stops

[Belgrade Knez]

April 16, 2024 at 3:00 pm
GVI Forex
USDJPY 5-MINUTE CHART – BLINK AND YOU MISSED IT

————————————————————————-

even if you didn’t blink, it’s hard to jump in to the running train

[GVI Forex 2]

USDJPY 5-MINUTE CHART – BLINK AND YOU MISSED IT

\

[GVI Forex 2]

Intervention in USDJPY or someone trying to spook the market?

[GVI Forex 2]

One more

Fed VP Jefferson sounds more hawkish, which could be a prelude to Powell later.

[GVI Forex 2]

Using crosses to trade Soot FX

EURUSD 1.0629

EURJPY 164.48

Only one factor (also bond yields ate up09 but enough for EURUSD yo back off from 1.0650+.

[GVI Forex 2]

FWIW no top yet in EURJPY although 164.64 area is putting up a fight

EURUSD testing 1.0650

[GVI Forex 2]

EURJPY 4-HOUR CHART -BID BUT STILL BELOW KEY RESISTANCE

Damage is not yet fatal as 164.99-165.17 would need to break 164.99-165.17 and then 165/35 (daily chart)  tp take out the key highs.

[GVI Forex 2]

EURUSD 30 MIN CHART — PAUSES BELOW “50”

EURUSD GETTING A BOOST OUT EURJPY BUT SO FAR STOPPING AT AN AMAZING tRADER (BLUE) AT 1.0648 CONFIRMING WHAT I have been saying about the power of “50”

iF LOOKING FOR A EURUSD TOP, WATCG EURJPY FOR A CLUE. kEY AREA IS 1.0660-65

[GVI Forex 2]

I suggest reading my post at April 16, 2024 at 10:33 am

It should all make sense to you.

If not contact me.

[Belgrade Bobby]

One Tip – never look in straight line at MA, trend line or Fibo…always take into account Time – Space and use Thumb analysis

[Belgrade Bobby]

EMA 50

[Belgrade Knez]

Bobby 12:34

I would say: not always by the book 😉

what MA is that on your chart, please?

 

[Belgrade Bobby]

It’s never by the book 😀 Plus, look at that MA * white one…

[Belgrade Knez]

Bobby 12:06

according to that 4h chart, if by the book price should retrace back to 1.0847 …. BUT

 

[Belgrade Bobby]

EURUSD 4h

Resistance 1.06350 – Above that it is not clear how far it can reach. It is open all the way till 1.07150

Support 1.06200 & 1.06000

Bellow that it targets 1.05400

Have a nice day 😀

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

With Middle East anxiety still brewing in the background, the red hot U.S. retail readout for March has underlined the sheer strength of the economic expansion there and is super-charging the dollar around the world.

Morning bid: Red hot retail readout drives US economy and dollar

[GVI Forex 2]

OUR BLOG IS A WEALTH OF TRADIG INFORMATION, IF YOU ARE TRADING THESE DAYS YOU MUST KEEP AN EYE ON INTEREST RATES (I.E US BOND YIELDS) AS EXPLAINED IN THIS ARTICLE

Why Interest Rates Matter

[GVI Forex 2]

USDJPY 1 HOUR CHART =Another 34-year high

As noted here yesterday, 154.-155 is a sticky zone with the top end as a pivotal level and potential BoJ line in the sand.

So far the market is showing no fear of the BoJ and is again taking the path of least resistance by selling JPY on its crosses (e.g. EURJPY, GBPJPY) where the BpK is less likely to intervene,

For intra-day traders, look for the “50” level (154.50) to be pivotal in the days ahead in determining whther the market goes after 155.

[Mtl JP]

the 10-yr 4.63 % is not substantially down from its 52-week high of 4.99% hit in October 2023

[Mtl JP]

US 10-YR 4.63%

[Mtl JP]

*** hikes rather than cuts ***
some references:
–
The Fed might not be done raising interest rates just yet – CNN Apr 11

Bowman recently said that she would favor a rate hike “should progress on inflation stall or even reverse.”

Kashkari floated the possibility of not cutting rates at all this year. He also said rate hikes are “certainly not off the table.”

Williams – powell’s “top advisor” – said that here are “definitely circumstances” that would merit raising interest rates such as inflation moving materially higher, but the current trajectory doesn’t fit that, he said.

Circumstances: “the recent increases in inflation had been relatively broad based and therefore should not be discounted as merely statistical aberrations,” according to meeting minutes released Wednesday

“You have to take seriously the possibility that the next rate move will be upwards rather than downwards,” Summers

[Mtl JP]

*** hikes rather than cuts ***

GVI Forex 10:31pm // that is at least the 2nd time I read someone talk about a HIKE instead of cuts , over the last month or so. sofar players not pricing even a 5% chance of that theme

[Mtl JP]

EURO 1.0615
–
puppy is now teasing a probe sub my earlier id’d 1.0625 Sup

[GVI Forex 2]

EURUSD WEEKLY CHART

I am not saying it will get to it but EURUSD breakdown through 1.0683 exposeslast tear’s low at 1.9336 as a major support.

Not seen on this chart, the downside stays at risk as long as it trades below 1.0665

[GVI Forex 2]

Reuters) – A look at the day ahead in Asian markets.

Asian markets open on Tuesday against an extremely challenging backdrop of slumping global equity and bond prices, a rising dollar, and the yen’s slide to lows that many analysts reckon will prompt direct intervention from Japanese authorities.

Morning Bid: China GDP eyed as investor sentiment crumbles

[GVI Forex 2]

Reuters) – A look at the day ahead in Asian markets.

Asian markets open on Tuesday against an extremely challenging backdrop of slumping global equity and bond prices, a rising dollar, and the yen’s slide to lows that many analysts reckon will prompt direct intervention from Japanese authorities.

Morning Bid: China GDP eyed as investor sentiment crumbles

[GVI Forex 2]

Out earlier in Bloomberg

The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs to as high as 6.5% next year, according to UBS Group AG strategists… 5hours ago

[GVI Forex 2]

If Powell blinks tomorrow it would be a nail in the coffin.

1:15 p.m.

Discussion — Chair Jerome H. Powell
Watch Live
Moderated Discussion with Tiff Macklem, Governor of the Bank of Canada
At the Washington Forum on the Canadian Economy, Washington, D.C.

[Author]

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