JP// January 27, 2024 at 12:52 pm #844

You can always feed the puss some red-wine.

Newsquawk Week Ahead:

FOMC, NFP, ISM Mfg PMI, BoE, EZ CPI and EZ GDP

Sun: New Zealand Trade Balance

Mon: Japanese Unemployment (Dec)

Tue: Israel Municipal Elections; Spanish Flash CPI (Jan), Swiss KOF (Jan), German Flash GDP (Q4), EZ Flash GDP (Q4), EZ Consumer Confidence Final (Dec), US Home Prices (Nov), JOLTS (Dec), Japanese Retail Sales (Dec)

Wed: Australian CPI, FOMC & BCB Policy Announcements, BoJ SOO (Jan); Chinese NBS PMIS (Jan), German Flash CPI (Jan), German Retail Sales (Dec), Import Prices (Dec), French Prelim. CPI (Jan), German Unemployment (Jan), EZ GDP Flash Prelim. (Q4), US ADP (Jan) and Employment Cost Index (Q4), Chicago PMI (Jan), Italian Prelim. PCI (Jan)

Thu: Chinese Caixin Manufacturing PMI (Jan), EZ/UK/US Manufacturing PMI Finals (Jan), EZ Flash CPI (Jan), BoE Announcement, ISM Manufacturing PMI (Jan).

Fri: US Jobs Report (Jan)

ON YOUR MIND
How to cope with financial stress affecting your mental health

– Open up to a trusted loved one
– Manage your emotions
– Create a plan and track your progress
– Work with a professional

Advice By Traci S. Williams – Washington Post

Traci S. Williams, PsyD, ABPP, CFT-I is a board-certified clinical psychologist and certified financial therapist. She helps families improve their emotional, mental and financial health

fwiw Traci does not talk about either getting or getting rid of a cat

All 3 major central banks are talking the same way, pushing back on rate cut expectations but not too hard. The question going forward is which CB will blink or whether markets blink first.

Next week Fed and BOE meetings.

DLRx 103.02

so how are players gaming the 2.9% PCE print vs “experts” 3% expectation ?

hahahaha . Lower trending inflation.
What does that make players think of what does the FED gang thinks about what to do about int rates ?
What does the FED gang want players to think about what the FED thinks eh ?

So lower incoming data such as this PCE saw the DLR tilt down some in reaction to it.
Looking at DLRs ytd daily chart its trendline is angled up.

Res 103.50
Sup 102.75/50

We have a lot of new features on our site. Here is one you can find in the menu bar (temporarily) under Trading Pit. See Trading Bias Table

test are my posts getting through

How do you think players will react to the PCE and

how do you plan to game players’ reaction to it ?

—
10-yr 4.118%; DLRx 103.05; euro 1.0873

Less than 2 hours until US PCE. Head scratcher was why USD rose earlier given expectations of a drop in core PCE.

Event Risk: PCE

Focus today is on the US PCE, Fed’s favored inflation indicator

Forecasts

Y/y headline 2.6% vs 2.6% prior

Core 3.0% vs 3.2% prior which would be the lowest since early 2021.

Check out our new economic calendar

yes. the way it is becomes tiring to read the posts and specially on a black background which feels kinda spooky or at least to me. The previous 2001 blue/green background would be very very pleasant.

It’s a public holiday here which I hate market holidays so trying to keep busy and perhaps might make some forecasts to help my forum brothers here… 🙂

According to me humor during market hours always keeps the markets jovial and cheerful, and specifically focused on getting more pips.

So a post about the €, where does that go? eur/usd forum? forex forum? eur trade? maybe thats too much hide and seek…

Anyhow looks like short term support 1.0780 area. Daily/weekly close below opens up 1.0550-1.0600 going into Feb…

As always- Maybe.

Global-View Forex Forum

Think of it as being in beta mode or a soft launch. We will be working through some minor issues (e.g. registration), making some cosmetic tweaks, and filling in some pages until we are in full swing again.

In the meantime, post on the forum, market-related and/or suggestions/feedback as we work to make Global-View the go-to site once again for the trading community.

Attention Global-View Members

We just loaded our new site.

This is not the final look but you will find some changes from what you are used to.

While we may lose some of the features you are used to it has a lot of other features and is still like one scrolling news wire.

We already have a list of changes we will be making but I would like your input as I am looking for feedback and suggestions.

Registration is being tweaked as well. Go to Account in the upper right, click on login, and then register.

Use your handle (e.g. Mtl JP) as your name register and click on New Post just to test it out.

We have a lot of new features (e.g.economic calendar is really good) with more to come but what I need is your feedback snd suggestions

Send me an email at [email protected]

Jay.

bobby// the one page view is better meaning old is gold