at 12:27 nazdaq was down 7.14%

but then, on its own, bounced up

The Risk
–
the risk is that a headline blows in that
somehow broadcasts that both donald and xi are greatest leaders ever and
that as such both have agreed on a big, beautiful magnificent deal
making them win-win winners

Walmart Inc. – WMT

Two hurdles:

92.25  & 96.10

Has to stay above 87.50 for further advances

Risk off

Watch EURUSD… stays bid while above 1.1147-50

Watch GOLD… sniffing at its record high

US stocks extending retreat…bond yields staying elevated… bad combo

Does this mean my $10 t-shirt will now cost $24.50… EURUSD bursts through 1.1147-50 (and stops)… 1.12 looms

Try Newsquawk free for 7 days

“Trump tariff pause driven by bond market, depression concerns” – cnbc

who makes prozac ?

Watch 1.1178 and 1.1260
Once again, see how that lines up with your software

We have both said keep doing something until it no longer works

It doesn’t matter what the market is. It’s applicable to all product.

so u suggesting the dlr is correlated to yield up n down movements today ?

EURUSD 1.11… clearly pivotal

Post CPI

1.1130 BIGH => 1.1090 => 1.1120 =>

US 10 YEAR BOND YIELD  – Down on the day but up from pre-CPI data…Forex paying notice

US data next on deck

CPI is for March beforte the tariff chaos

SEE our Economic Data Calendar

DAX – ger30

In just 3 days DAX has recovered about 50% of a previous loss.

Heavy Fundamentals are going to continue to drive it, and until Geo Political situation is solved ( or at least calmed down) we can expect this kind of violent behaviour to continue.

We have to continue drawing trendlines and watch how it all looks on the big picture, but do not be fixed on that.

One “wrong” statement can send it in  both directions within a day – Up and the Down in the same hysterical way.

As long as DAX stays above 19.500 on the weekly basis, it will consolidate.

In some wild dreams, using experience with similar situations I can tell you that it is possible to see DAX rallying Up all the way to 25K , just as a market reaction to previous Drop.

In reality, it should slowly consolidate once all the bullets are spent ( in geopolitical BS arena), and start to make smaller waves up and down….and it should take at least months .

US OPEN

USD softer, European bourses gain and US futures wane ahead of CPI

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses gain as they react to Trump’s 90-day tariff pause whilst US futures wane.

USD is softer vs. most peers as markets digest Trump’s tariff walk back.

“Beautiful” trade for USTs, Gilts bid but fading, Bunds languish in the red.

Crude remains subdued while base metals surge and gold holds onto gains.

Try Newsquawk free for 7 days

beware of honey on lips and poison in heart
–
China says dialogue with US must be based on mutual respect
By Reuters
April 10, 2025 3:33 AM EDT

BEIJING, April 10 (Reuters) – China’s commerce ministry said on Thursday that China is open to dialogue with the U.S. but this must be on the basis of mutual respect and equality.

Pressure, threats and blackmail are not the right way to deal with China, ministry spokesperson He Yongqian told a regular press briefing when asked about whether the world’s two largest economies have started tariff negotiations.
China will “follow through to the end” if the U.S. insists on its own way, He said.

Reporting by Beijing Newsroom; Editing by Jacqueline Wong

in reference to JP 10:16 asia aping US stocks or not

Japan’s Nikkei jumps over 9% to lead gains in Asia after Trump pauses tariffs

Nikkei 225 closed 9.13% higher at 34,609 while the broader Topix index advanced 8.09% to 2,539.40.

South Korea’s Kospi index surged 6.60% to close at 2,445.06 while the small-cap Kosdaq gained 5.97% to 681.79.

Australia’s S&P/ASX 200 rose 4.54% to end the day at 7,709.60.

Mainland China’s CSI 300 rose 1.31% to end the day at 3,735.32 while Hong Kong’s Hang Seng Index added 2.06% to close at 20,681.78.

monkey c monkey do
but it is not a hard rule, is it ?