catching up on some pundits
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Hot CPI data was a ‘wake-up call’ to people who got carried away, says Mohamed El-Erian here mohamed informs cnbc’s joe that “the problem is the marketplace”
everything and everyone is a “problem” according to the president of Queen’s College. what does he predict as remedy ? see the 5:15min +
DLRx 104.73 / 10-yr 4.3030
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things appear somewhat settled this morn.
except Japanese suits who whine and complain about things ‘rapid” LoL
come ….. intervene yayayaya
some players – the revolutionary pioneer types – now pricing june fed cut
couple of ecb gumflappers still on deck
16:00 – barr yaks
A look at the day ahead in U.S. and global markets from Mike Dolan
If the U.S. economy is still so strong that robust demand won’t allow inflation to return to the Federal Reserve’s 2% target, there’s an outside chance the central bank may struggle to cut interest rates at all this year.
Morning Bid: ‘No Landing’ scenarios swirl as markets recoil
Reuters
EURUSD
The pair behaved on the dot in last 24h.
Now what we have next…for the move to continue Down, it has to stay bellow 1.07100 !
1.07200 is of course the Major resistance , but for the slide to continue in coming hours we need that 1.07100 to hold.
As you can see from the chart, the target is in 1.05900 area – Do Not be overly greedy.
We have today some interesting data – Economic Calendar – stay away just prior to it !
Happy hunting.
GBPUSD
At this time yesterday GBP was the strongest currency.
Today it is the weakest.
Catalyst: UK Jan CPI was unchanged vs. forecasts of an increase
GBPUSD 4-hour chart
1.2518 = major target/support (then psychological 1.25)
1.2536 = last line of defense ahead of 1.2518, low of the day, tested
Resistance 1.2571-1.2611
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