Dollar agony continue as markets stay on edge

·         Dollar selling returns to start European morning trade

·         Markets consolidate ahead of Trump’s update on semiconductor tariffs

·         The bond market stays on edge in the new week

·         What are the interest rates expectations for G8FX?

·         China president Xi arrives in Hanoi

·         China welcomes partial U.S. tariff rollback but calls it only a ‘small step’

·         Trump has directed for tariff talks to begin immediately with South Korea, Japan, India

You can see thE Power of 50 wih stopos run below 1.1350… driver appears to be a EURGBP zell order

EURusd 15 MINUTE CHART 0 POWER OF 50

EURUSD bounce mirrored a bounce in EURGBP… but from a chart perspective using this Amazing Trader chart, 1.1350 is clearly pivoital in maintaining a bid.

DAX – ger30

DAX has stalled in front of 21K , and Downtrend is still very intact.

Supports come at : 20.150, 19.800 & 19.000

We need first to see creation of the proper bottom, before we can expect real advances Up.

As long as DAX stays away from previous lows, it should consolidate and we’ll have clear picture.

EURUSD Daily

Supports: 1.13100, 1.12950 & 1.12400

Resistances: 1.14250, 1.14750 & 1.14950

As long as 1.12950 holds, we are on the way to 1.17450

This rally, that started on 02.April 2025. can get into some kind of a consolidation and even correction, and it wouldn’t change the fact that EURUSD is Bullish, but right now seems that it is going straight for 1.17450….

GVI 10:22 re DLRx (currently near bottom of 99)

The current Q as we start new week is that of which is the risk directionally.

The answer probably resides in how quickly the tariff meme’ breathless headlines can or not be toned down.

I am biased. Odds are, still, that ballsy rallies will likely be sold.

THE grand qtn is IF 99 breaks down, how far further down would the dollar plumb

US OPEN

Sentiment boosted by tariff exemptions, with NQ +1.7%, but USD extends losses

Good morning USA traders, hope your day is off to a great start! Here are the top 6 things you need to know for today’s market.t

6 Things You Need to Know

US President Trump’s administration exempted items from reciprocal tariffs including smartphones, storage devices and some other electronics.

However, Trump posted on Sunday that there was no tariff exception announced on Friday and that these products are subject to the existing 20% fentanyl tariffs and are just moving to a different tariff bucket.

European bourses open higher as markets digest exemptions on smartphones/electronics; US futures also gain.

DXY on the backfoot once again and G10s broadly supported with newsflow on the quiet end.

Bonds diverge once again but are contained with specifics light thus far; USTs a little firmer whilst Bunds dip.

Crude contained, gold wanes, base metals supported given the positive risk tone.

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XAUUSD 4 HOUR CHART –TAKING A BREATHER

For this chart’s consolidation pattern (which shows potential for a top but one that is hard to bet on given the strength of trend) to turn into a retracement 3200-10 would need to be taken out… for this to occur it would probably need more easing on the tariff front… in any case, expect support on dips while above 3200-10.

On the other side, tor a fresh leg into uncharted territory 3245-50 would need to be taken out and established as new support.

kashkari answering brennan on sunday on meet the press:

MARGARET BRENNAN: But the financial markets look orderly to you at this point?

KASHKARI: They are. I mean, obviously the market participants are trying to grasp for where is this all going to settle, and that’s causing volatility as they’re, as they’re trying to do these assessments. So that volatility is to be expected, but markets are functioning, transactions are happening, and so I anticipate that’s going to continue.

Kashkari on “Face the Nation with Margaret Brennan,” April 13, 2025

Somebody please send a pack of diapers to Ray

Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’

Bridgewater founder Ray Dalio said that he is worried about a breakdown of the global monetary order.

boo !

euro 1.1352 ding ding
as GAP closes

Friday’s Close (on my dealing toy)
–
euro 1.1354
eurgbp 8679
usdchf 81445
gbpusd 1.30787
usdjpy 143.445

Trump Commerce chief fuels tariff confusion, saying exemptions for phones, computers and other electronics are not permanent

Newsquawk WeekAhead Highlights for April 14-18

Newsquawk Highlights include US Retail Sales, China Trade & Activity Data, BoC, ECB, UK & Aussie jobs, Inflation from Canada, Japan, UK and NZ

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