[GVI Forex]

GBPJPY 30 MINUTE CHART -Crosses driving the forex market today

USD is mixed, down vs GBP, EUR, AUD, CAD while USDJPY is about unchanged and USDCHF is up slightly.

This can be seen in this GBPJPY chart ( look at the crosses for any combination of the pairs I just cited)

[SF Monedge]

This is the second time within 10 days the 10yr yield has been disjointed from the dollar I believe.  You could see it early.  Therefore flows are slow and inconsistent at times.  Not as much in some crosses this time.

[SF Monedge]

I filled sells in Usd vs Chinese Yuan and Signapore Dollar just before the close Friday (see post that day) which paid off nicely with the Chinese Central Bank making their announcement in Asia Sunday.  I now have resting buy side orders below current market in Usd vs both, and Swedish Krone.  Dollar is in sell mode but it won’t last forever in my view.

[SF Monedge]

With today being an inside day (unless something happens) one would think Euro futures cap in around 1.0900

[SF Monedge]

May see bold buyers in Dow at 392, my preference is 390, could help hold euro up if so

[GVI Forex]

BTC 4-HOUR CHART

i was asked to post a BTC chart.
‘
The move up looks logical using the AT red lines, but it feels more like a video game than trading in the forex market.
‘
In any case, it has held off a retracement aboce 60000 but would need to take out the record high to signal a new leg up.

As I have said before, using my magic numbers (60000, 65000, 70000), they act as a good guide beyond just looking at technical levels in this crypto pair.

[Mtl JP]

USDx 103.87
–
from the (not just) look of the daily chart, DOLLAR puppy is gaining player favour

mine too

[Swiss Frank]

Thanks BB

[Belgrade Bobby]

Frank, I am looking to fix this problem, as it affects us all. I’ll try again today another plugin , to refresh only the forum.

Not sure if I succeed – need a help from support , and they are slow.

[SF Monedge]

May see buyers around S/P futures 5263 if seen which would support the potential for EurUsd 1.0800 holding.  Market appears to be headed for Dxy 104.05 which would support the potential for EurUsd to cap if/when it does.  Key close in points in our model.  If compromised that should lead to follow through.  Just a close in perspective.

[Belgrade Bobby]

EURUSD 4H

Resistances at  1.08400 1.08550 and 1.08850

Supports at  1.07950 and 1.07650

The main question here is : Is this an Uptick prior to the continuation of down trend, or a beginning of formation for next push Up.

Not much of data this week – till Thursday – Economic Calendar, so the moves would be dictated mainly technically .

Currently – Intraday – we should treat 1.08200 as a pivotal .

[Swiss Frank]

Coming back to JPs question of the page resets while typing out a post -> Does this also apply to the charts page? It seems that I can set up a page with parameters set on a currency pair and it’s time frame, only to have it reset to eur/usd daily every time the page refreshes. Is it possible to avoid this? If so, how?

[SF Monedge]

10yr yield holding 42.25 improves probabilities of 43 and could pause Usd dip obviously

[GVI Forex]

GBPUSD 4 HOUR CHART

GBPUSD bounce off its 1.2574 low is so far just a retracement. To suggest a low is in, 1.2675 would need to be taken out, Currently, resistance at 1.2524 is being tested but this is only a minor level.

Note, EURGBP has backed off from .8600 and this has eased some of the selling pressure on GBPUSD.

[Mtl JP]

Biden signs $1.2 trillion spending package for government funding until October – cnbc

probablky approved by brainard and yellen (as anti-inflationary)

but head-spinning for jerome

[GVI Forex]

Verbal intervention earlier with USDJPY still within reach but staying below 151.90, a 32 year high.

Japan’s top currency diplomat on Monday warned against speculators trying to sell off the yen, saying its weakness did not reflect fundamentals, in the latest warning about the currency’s “big slide” against the dollar….CNBC

[Mtl JP]

In other words :

There’s still no certainty the Fed will be able to do three rate cuts this year

[Mtl JP]

Nikkei 225 overnite a brutal 0.7% down
US futures wishi-washi
both ahead of a coming parade of events
– PCE and FED yakkers
— bostic again, daly on monday and on friday AND
— jerome himself after his wild dovish yak

so maybe earlier bostic (ref 1:06 Mtl JP) is precursor and players are taking heed

[Forex Cycle]

USDCHF Analysis: Consolidation and Support Levels

USDCHF has maintained its position above the ascending trend line on the 4-hour chart, indicating that the pair is still in an uptrend starting from 0.8729. The upward movement from 0.8729 has reached as high as 0.9019.

The subsequent retracement from 0.9019 suggests that the pair is currently undergoing a period of consolidation for the uptrend. It is expected that the pair will trade within the range of 0.8900 and 0.9019 in the coming days.

If the support level of 0.8900 remains unbroken, the bullish trend could be expected to resume, with a breakout above the 0.9019 resistance level potentially triggering another upward movement towards 0.9100 and 0.9180.

On the downside, a breakdown below the 0.8900 support level could indicate that a longer period of consolidation for the uptrend starting from 0.8729 is necessary. In this scenario, the pair would likely find support at the rising trend line on the 4-hour chart.

It is important to note that only a decisive break below the trend line support would suggest the potential completion of the current uptrend.

[GVI Forex]

THIS WEEK’S MARKET-MOVING EVENTS (all days local) realization
Rectify

Preliminary March reports on French and Italian consumer prices will be posted on Friday and will set up expectations for the Eurozone’s harmonised report on Wednesday, April 3; expectations are flat to lower for France and higher but still very low for Italy. Tokyo consumer prices for March will also be posted on Friday and will set up forecasts for the month’s national consumer prices to be posted in mid-April; slowing rates of inflation are expected.

PCE price indexes, part of Friday’s personal income and outlays report, will wind up US inflation data for the month of February and are not expected to show much if any improvement. Australia will post its CPI report for the month of February on Wednesday.

Canadian GDP for the month of January will be a highlight of Thursday’s session and is expected at plus 0.4 percent. Both Japanese retail sales and industrial production will be posted on Friday with a soft report expected for the latter. And posted on Sunday, March 31 Chinese time will be the country’s official CFLP PMI report which is expected to show improvement for manufacturing.

Econoday

[Author]

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