[GVI Forex 2]

JP, thanks for the alert. Here is the full story

The markets will keep a keen eye on Friday’s annual revisions to the seasonal adjustment factors for U.S. consumer price data. The annual revisions to the CPI are usually a non-event. However, the markets were spooked last year after large revisions to the seasonal adjustment factors sowed doubts about overall progress on inflation.

Will Annual Revisions to U.S. Consumer Prices Surprise Again?

[Mtl JP]

Jay / suggest a glance at my 3:06 post

[GVI Forex 2]

Very light calendar on Friday

Only key report is CDA employment

 

 

[GVI Forex 2]

Very light calendar on Friday

Only key report is CDA employment

 

 

[GVI Forex 2]

EURJPY breakout:

Look at this post earlier, the chart and the EURJPY breakout level

February 8, 2024 at 9:45 am

EURJPY 4 hour chart trying to break out to the upside (carry trades?)

[Mtl JP]

couple headlines off zh that caught my eye, fwiw:

–

“Boy, Markets Do Not Want To Sober Up When They Read The News”
As long as we get January March May June(?), or even second-half 2024 *deep* rate cuts from the Fed, markets will remain drunk

Biden Admin Is “All Gas, No Brakes” On Economic Reflation; Nomura Warns “Running It Hot” Into Election Wrecks Powell’s Plan
…beware of “animal spirits 2.0″…and the ides of March.

[Mtl JP]

10-yr 1:47 PM EST  4.152% +0.054

it has been higher and also lower.  now uP off its “lower”

for my sake … yield needs to go higher still

 

[Belgrade Bobby]

EURUSD Daily view 

Resistances are at 1.07900 and 1.08450/500 – break of would open the road for Up Trend and the test of Major 1.11000 area. That would be a game changer.

Supports are waiting at 1.07550 and 1.07150 , break of targets directly ( ideally ) 1.06100 over period of 2-3 days.

Outcome for tomorrow – if we get a close bellow 1.07700 tonight, there is a higher possibility for immediate continuation of the down move. There is always a possibility to see uptick up to 1.08200 , and then down.

[SF Monedge]

Ok Monedge is back.  I learned that to trade spot you better have a sense of humor.

[GVI Forex 2]

Oil on the rise

WTI 4-hour chart (Brent tested $81)

[Mtl JP]

not on gv’s calendar, so fwiw:

–

Last time this puppy came out players got a “surprise” (kick in their trading teeth)

Updated seasonal factors to be introduced February 9, 2024
Bureau of Labor Statistics (.gov)https://www.bls.gov › cpi › 2024 › seasonal-adjustment
The revised indexes and seasonal factors will be available at Seasonal Adjustment in the CPI.

[Mtl JP]

DLRx needs to hold 104

if it s to see 104.50 ++

[Mtl JP]

EURO 1.0755

–

puppy came up to its 100day to say hello and like testosterone challenged… could not go uP

Support now 1.0725, Res 100day

[Mtl JP]

DLRx 104.17 / 10-YR 4.144% +0.046

–

so … the dlr s getting some love now after few days of ambivalence

BoJ deputy complained about his eyesight earlier, claiming hard to see rapid rise in rates post-end of zero rate policy.

barkin already yakked on bbrg (peasants … be patient with the FED Cutting Interest Rates)

12:05 barkin delivers a 2nd yik yak

and

13:00 – yellen’s dept peddles off 25bl of 30-yr paper

 

[GVI Forex 2]

EURUSD 1-hour chart – tested last line of defense ahead of key 1.0722-23 support

 

[Belgrade Bobby]

This is what you get if you click on the exact data in our Economic Calendar

US Initial Jobless claims

[Belgrade Bobby]

What I found really amazing looking at the charts that you posted here is the fact that even after almost 30 years of trading, I can not concentrate enough on different pairs at the same time, to be able to trade them. When I try to look for opportunities elsewhere (grass is greener in the other yard ), I end up either missing a trade on EURUSD ( my main trade) or screwing it up because of looking at some cross . Long time ago, it was even worse – get into position, it goes sour….and then I go over every single pair , trying to find a reason to hold on…of course it ends up in tears..
Now when I see how your thingy works , must admit that Amazing Trader is a very valuable tool even for veteran traders with their own proven systems. First thing that comes to my mind is the fact that I can continue trading my own system, and have this one working on it’s own in the back…to help me chose the trade, execute it, and take care of the most important part of trading – Risk Management !
If you think that this is some kind of kissing ass , well it’s not…I woke up a bit pissy , and looking at these charts , it just hit me…this is a great stuff…I should use it.

[GVI Forex 2]

Data

A small dip in US weekly jobless claims is expected.

See our Economic Calendar

[GVI Forex 2]

USDJPY daily chart – break of last month’s 148.80 high makes this level a key support

 

[Mtl JP]

US 10-YR  4.113% +0.015 ; FED rate: 5.25

–

‘The Federal Reserve is now in sync about pushing out rate cuts’: Nick Timiraos The Claman Countdown  Feb 07, 2024

[Swiss Frank]

[GVI Forex 2]

EURJPY 4 hour chart trying to break out to the upside (carry trades?)

 

[Mtl JP]

fwiw

–

China  Lunar New Year holidays:   Feb. 9-17

[GVI Forex 2]

EURCHF Weekly

[Mtl JP]

concerns …

–

…  the booming jobs report released Friday, fueled investor worries that rates may stay elevated for much longer.

Wall Street will now look ahead to the swath of Fed speakers this week. Perhaps they will shed more light on the path for rate cuts.

CNBC Daily Open: Wall Street anxious over Fed concerns ( CNBC Daily Open …  <strike>international</strike> <i>irrational</i> markets newsletter.

[Mtl JP]

DLRx 103.99

–

Collins says (could ≠ will)

– “Inflation is getting close to 2%, but Fed needs more proof it can stay there”  and that interest rates cuts could come “later this year.”  (wednesday yak keeping naive peasants’ flame of hope alive)

later today:

8:30 – barkin

8:30 – jobless claims

 

[GVI Forex 2]

USDjPY (firmer today)

I don’t have the exact comments but read that dovish comments from a BoJ official suggested that policy normalization will be gradual.

Nothing new in the comments  but reaction is what matters.

[Belgrade Knez]

[Belgrade Knez]

EURUSD trading below 1.0780 (breakout level) but supported with Dec low 1.0723 …. once that gives way, looking for Nov low at 1.0656

 

[Swiss Frank]

Anyhow…. CHF weakness, Yeah carry works in favor of chf weakness. Behind that is SNB recent communiques indicating chf strength has served its purpose. Maybe they haven’t fully embraced that they want immediate weakness but call it a suggestion. Behind the behind is that Swiss inflation is lowest among the big boys coming around or below 2% which puts them ahead in the crawling race to shift policy. CHF/JPY is a trade a lot of people are watching (selling chf buying jpy to be clear). BOJ when it gets around to it most likely will move in the opposite direction by backing away from yield curve control.

Levels to watch in the absence of being able to post a chart ->
eur/chf the downward sloping trendline on the weekly that currently comes around .9550.
usd/chf -> weekly .9200 daily .8820-.8850

See how….

[Author]

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