[Belgrade Knez]

Amman 12:35

for now it’s set to CET (central european time)

[Belgrade Bobby]

EURUSD

Close of 30 min Bar above the 1.08535 would be a signal for the move Up – one bar for sure…

[Belgrade Bobby]

EURUSD Daily

Support at 1.08350

Resistance at 1.08900 and 1.09350

Bullish

 

[GVI Forex 2]

A look at the day ahead in European and global markets from Kevin Buckland

An underwhelming kick-off to China’s eagerly watched week-long annual parliament, the National People’s Congress, plus a weak Wall Street close overnight kept risk assets on the back foot on Tuesday, with the very notable exception of bitcoin.

Morning Bid: Risk rally on hold, bitcoin excepted

[Trader Nomad]

– The Dollar Index retreats as market attention shifts to job data and Fed President Powell’s remarks, impacting its trajectory.
– The EUR/USD pair faces a crucial juncture after Euro-zone inflation slightly exceeds expectations, with the ECB’s interest rate decision shaping the currency’s next move.

[Trader Nomad]

[SF Monedge]

Resting sell EurUsd 0868

[SF Monedge]

Eur/Jpy – resting sell at 163.45

[Belgrade Bobby]

EURUSD risk is 1.07250 on the lower side and 1.09350 on the upper side….for now

[Swiss Frank]

My understanding is 1. They care more about eur/chf and 2. Do not underestimate the significance of Jordan, who was always an advocate of a strong chf in the fight against inflation, stepping down….

[Belgrade Bobby]

Seems to me that the main question is : What is that SNB wants….do they care about USD or EUR…or better to say – which one do they care more…

[Belgrade Bobby]

Look at the convergence of the two …interesting…CHF becomes the biggest looser

EURUSD

USDCHF

[GVI Forex 2]

A look at the day ahead in European and global markets from Wayne Cole.

It’s been a largely risk-on start to a week packed with central bank events and major data that will refine market wagers for when developed world interest rates will finally start falling.

Morning Bid: Looming event risk can’t stop Nikkei topping 40,000

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

Fed Chair Jerome Powell’s semiannual testimony beginning on Wednesday, and how he spins the outlook for rate cuts, will be the first of two major events in the US. The second will be Friday’s monthly employment report where slowing payroll growth together with cooling wage pressures – both favorable for rate cuts – are expected. Neither the Bank of Canada on Wednesday nor the European Central Bank on Thursday are expected to cut rates.

Tokyo consumer prices will be Tuesday’s highlight amid expectations for a pop higher in the data. Chinese consumer price data will be posted on Saturday, March 9 local time in what is expected to be another very benign report.

Updates from Germany and whether the country is sliding into recession will open on Wednesday with merchandise trade followed on Thursday with manufacturing orders and on Friday with industrial production. Declines are mostly expected for the latter reports.

Australian fourth-quarter GDP on Wednesday is expected to show modest growth, while Canada’s labour force survey on Friday is expected, much like the consensus for Friday’s US report, to retrace unusual gains from January.

Econoday

[GVI Forex 2]

EURGBP DAILY CHART

Higher red AT lines off the low show some risk on the upside but would need to get through the top of the current .8528-78 range to expose .8593-/8621

However, to confirm a break in trend, the key trendline (see chart) would need to be taken out.

Looking at shorter time frames, support at .8550-55 would need to hold to keep a bid.

The bounce in EURUGBP is one reason why EURUSD is finding some suppot.

[GVI Forex 2]

Key event week with Fed Powell  Powell testifying on Wed and the ECB meeting on Thurs so let’s take a look at the EURUSD

EURUSD AT Daily Chart

2 higher red support lines show a risk to the upside that requires a break of 1.0896 to give legs to the upside.

Whatever the case, 1.08 is the current bias setter, and only back below it would put the 1.0760 support in play again.

[Belgrade Bobby]

EURUSD Daily – Week Ahead

Supports at : 1.08200 1.07950 1.07250

Resistances at : 1.08500 1.08900 1.09350 and 1.10850

Friday’s close indicates a probable move to the Resistances first. The pattern calls for a test of 1.08900.

I am going to be free to say that I can see 1.09350 reached already on Monday – that is what I see….and I don’t have a crystal ball 😀

For that to happen, EURUSD should not go bellow 1.08200 .

 

[SF Monedge]

JP – it feels to me like they are more reactive to the markets/economy, which is how it should be.  The one’s who are full of hot air are Yellen and Powell.  Yellen because she is a communist and Powell because he is scared lol.

Believe AudJpy has decent odds to challenge 98.30-40 area eventually where it would be prudent to consider the sell side for positioning even if it inevitably challenges 99 from a longer term viewpoint.  Currently 98.05.  EurJpy will inevitably trade below 162 looking outward, likely after another short lived bout of buy side interest.

[Mtl JP]

EURO’S pivots:
R 1.085
S 1.0792

I am biased IF I too were physically forced. (uP)

[Mtl JP]

9:50 ny
–
EURO 1.0800

Right on multi-support, to me just a curiosity matter. nothing more.