EURUSD
The pair is trying to turn Up , as the FOMC is approaching this week.
Resistances are at 1.08400 and important one at 1.08850 – break of would open the way for attack at 1.11000
Immediate support comes at 1.08250/300 and needs to hold for any reasonable attack of the resistances.
Major support comes at 1.07350
Buying EUR intraday is a way to go – and always watch for that 1.08250/300…if goes bellow, count on 100 pips lower easily.

tky !

10-yr 4.057 as eurdlr retesting 200-day for res

which raises a trading qtn: to fade or not to fade

tia

Inflation and interest rates drive the markets

The market probability on a ECB rate cut by April has risen to around 100%.

Out overnight, January UK BRC shop price index fell to a 2-year low of 2.9% y/y vs 4.3% in December.

Key focus is on the FOMC decision tomorrow and to what extent, if any, the Fed pushes back on market rate cut expectations.

someone please post euro’s 200-day

TIA!

10-yr 4.068%
–
WSJ – A Little Dual Easing Soon Could Help the Fed Avoid Major Easing Later
Federal Reserve policymakers are considering when to start cutting rates, when to slow down the pace of quantitative tightening – By Justin Lahart, Jan. 29, 2024

Treasury
Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury
4 hours ago

Bloomberg.com
US Treasury Cuts Quarterly Borrowing Estimate to $760 Billion
4 hours ago

Reuters
US Treasury to borrow $760 billion in Q1, lower than October forecast

January 29, 2024 at 7:35 pm #947

Why don’t they like big badanna companies?

If fed decides to cut rates then nows the time to go into equities as a matter of fact the next theme for me is equities, and whoever bought bonds/papers and kept at it from 2022 onwards till now has more than enough capital to finance their possies, they got the 1% of equity they need from bonds… That 1% rule originated from the time of low priced bond markets of the 70’s-80’s.

And like I said before the american markets are mirroring indian markets from 2022-2023 onwards, only for a longer period of time… First a DCB then launching into rocket mode but those will be few and scattered throughout then back into bond rallies with even more astronomical rates. Since murricans don’t like 5.75% as I have forecasted last year then 11-13% is acheivable over a period of time provided bonds keep on dropping then jumping which will get them closer and closer to those levels but in order to do that it’s safer to get into some equities and let the bonds cook on the back burner for some more time. It’ll take time but bond buyers will get the rates they want whether it is 5% or 11% or even 1%…

If they don’t want low bond rates then it is better to not buy them at all.

Goldilocks day

Yields down, stocks up

USD pays notice (down)

January 29, 2024 at 9:17 am #907

bbaafffaakhaha yep, made 3 thrice more dough today as expected,… they should have more of those quiet days in every week.

Dallas Fed Manufacturing Index

-27.3 vs -23 forecast and prior -9.3

See our new Economic Cakendar

US 10-YR, 4.126% -0.034

certainly not a jolt
so waiting

Quiet day ahead of this week’s storm of events.

Focus today has been on risk of rising Middle East tensions but so far limited reactions.

Market focus is on interest rate expectations and timing of rate cuts (note EUR soft tone after there was no pushback on market expectations of an early rate cut).

Next week we have quite a few data’s , the most important be FOMC rate decision.
Check it out in our Economic calendar

Economic calendar

January 28, 2024 at 12:48 pm #890

Just use 1% of equity or less per trade if using leverage, if using leverage then simply use less of your own capital per trade and more of the brokers capital. There are various ways on when to take profit meaning both for swing trading and position trading, whether using leverage or not using leverage. There is also contango in which a guarantor is ready with cash on tap for the trader, and that by the way is the most profitable form of trading because the trader has more than sufficient amount of ready cash to feed his winning positions whilst devoting less cash for trades which are in the process of becoming profitable. It goes deeper than this but yeah,… the unique principles of the trader are what matter the most and depend on what he is comfortable in doing for his account. The guarantor just has to sit back, relax and watch his money growing exponentially from one level to the next higher level.

Common Sense Guidelines for the Average ( and not so average 😀 Trader