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

frank// yeah. that one page style is the secret sauce.

New Subject
This is what people have to do

EURUSD
Bobby 14:23 GMT 11/30/2023
After a month of a strong rally , eurusd need some correction . There are two options :
– It holds above 1.09000 and tries Up again early in the new month – most important resistance right now is at 1.09400
That scenario might end up in failed test of the previous high , and than we would be moving within the zone 1.08000 and 1.09000 . Break of 1.08000 would lead to the test of Major trendline at 1.06000.
– Second scenario would be better for the Bulls, as a decent correction all the way to 1.08500 in next two days would give it a chance to renew the strength and go for the new highs…
All in all, on the monthly chart, it has a potential for Up, and so far we don’t have a single sign that it might abruptly stop right now…but stranger things used to happen 🙂