[Belgrade Bobby]

I am not sure if there is enough interest in EURCHF to be able to really decide the EURUSD fate … We’ll see very soon…

[Swiss Frank]

Problem right now is too much support coming from buying eur/chf….

[Belgrade Bobby]

EURUSD
Intraday – if the pair stays bellow 1.07300 next 20 min , we will see the test of 1.07200, and if taken out , the continuation of the down slide. Chart
On contrary, close of this 30 min bar above it will give us a chance to target 1.07500 area.

[Anonymous]

Posted yesterday (low yesterday 1.0723, toddy 1.0725)

EURUSD

Next key levels (daily)

1.0723

1.0655

Rising US yields the key driver today

[Anonymous]

A look at the day ahead in European and global markets from Rae Wee
The Reserve Bank of Australia (RBA) on Tuesday joined the Federal Reserve in a chorus of caution as it pushed back against bets for imminent rate cuts, and even kept a tightening bias at the conclusion of its policy meeting….

Full story

Morning Bid: A dose of reality for the rate cut rally/a>

[Belgrade Bobby]

EURUSD
So far we have concurred on the view of EURUSD today’s fate. It is great when participants supplement each other 😀
Unfortunately this scenario didn’t give us a chance to make some serious profits…but ok…there is always tomorrow …

[Anonymous]

EURUSD

Next key levels (daily)

1.0723

1.0655

Rising US yields the key driver today

Low so far 1.0735

[Belgrade Bobby]

MTL, I am Pro USD ( but that means nothing, as I really hate EUR )
Now my View for today :
There are two options – pattern wise – one is for support at 1.07450 to hold for now and we go up till the end of the day – in that case I only can get involved on very small time frames ( don’t like buying in this conditions ) . As I said last night, Resistance is at 1.08200 and even 1.08400. From there I would expect next day to just fall down and go through the support.
Second possibility is for support to be broken in next hour or so…and again I would have to play on small time frames…entry, stop, profit and all….
I would of course prefer that they do behave as I expect, so I can get in tomorrow for a bigger move…but we’ll see how it develops

[GVI Forex 2]

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

The Reserve Bank of Australia on Tuesday and the Reserve Bank of India on Thursday are both expected to hold policy unchanged, extending a lengthening trend of no action among major central banks which are in no hurry to cut rates given still high levels of inflation combined with still stable economic activity.

Economic highlights include Eurozone retail sales on Tuesday which are expected to fall once again; German manufacturing orders on Tuesday and German industrial production on Wednesday are both expected to be flat. Chinese consumer prices on Thursday are expected to remain in contraction, while Canada’s labour force survey on Friday is expected to rebound in January after coming in flat in December.

[Belgrade Bobby]

EURUSD
Well, Europe boys and girls got caught in the middle of their morning routine…Approaching Support at 1.07450..it is going to be interesting now 🙂

[Mtl JP]

EURO 1.0750
–
“In a time of Universal Deceit – telling the truth is a revolutionary act.” – Orwell

Jerome Powell: Full 2024 60 Minutes interview transcript

POWELL: Well, interesting, you know, we were being honest, and I was being honest in saying that we thought there would be pain. And we thought that the pain would likely come, as it has in so many past cycles, in the form of higher unemployment. That hasn’t happened. …
PELLEY: I wonder why?
POWELL: Yeah, it’s historically unusual. And I think we’ll be able to say much more definitively when we’re looking back years from now what, why it is. But I’ll tell you why I think it is.

honest vs truthful
“Honesty and truthfulness are not the same thing. Being honest means not telling lies. Being truthful means actively making known all the full truth of a matter. Lawyers must be honest, but they do not have to be truthful.”

I am biased and my bet is that
jerome & co. will not be cutting rates in this year 2024

[Mtl JP]

EURO 1.0770 as I type.
puppy is ever-so gingerly trying to punch through 1.0780 Sup

—-

is powell’s “interview” LIVE or is it a few days old pre-registration ?

how about amateur hour mostly benefitting CBS News ’60 Minutes’ eyeball count

cbsnews peddles it as
“There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.”

[Belgrade Bobby]

EURUSD
After quite a drop on Friday, caused by the number of numerous data positive for USD , it is a question what happens next ??
Well, base on the pattern, derived from the daily chart , early Europe might just pick it up, for no good reason whatsoever, except for the custom to buy EUR at all times…Now there is a possibility to reach the first Resistance at 1.08200, but depending on the mood of those involved, it can reach up to 1.08400 and still be in the strong downtrend.
Support awaits at 1.07450 and might prove to be a bit stubborn…nevertheless , once taken out ( as pattern suggests at least another 3-4 weeks of down pressure ), opens the road to first target in 1.05 area. Now, if that happens, we’ll be targeting parity , over period of time. I’ll be with you and updates tomorrow Europe morning…Ciao

[Mtl JP]

as per my previous post about MAs and trading …
–
EURO 1.0805 as I type ( LoD 1.791-ish)

puppy’s bull enthusiasts got their nuts stretched if not outright ripped on (as Frank asks) good that FED is data dependent – i.e. what would you like the number to be sir – now Res at 100ma to regain a minimum of bullishness

I am also data dependent: yield and dlr.
as I pointed earlier one was wrong.
now things are a bit broght back into respect – as it should be.

[Belgrade Bobby]

EURUSD
If 1.08800 holds , it will target 1.09800 – that target gets lower with the time…so everything between 1.09500 and 800
Looks as the pressure is building to the upper side…For real Up move, I would prefer some consolidation phase or good retracement, but it is what it is…

[GVI Forex 2]

EURGBP up ahead of BOE decision (EURUSD up on offsets)

[Mtl JP]

ya don’t say ..

Euro-Area Prices Slow Less Than Expected, Clouding ECB Cuts
(Bloomberg) — Euro-zone inflation eased less than anticipated at the start of the year — testing investor expectations that the European Central Bank will begin lowering interest

[Mtl JP]

this is cute:

10-yr 3.939% and euro 1.0782

one is WRONG

[Mtl JP]

be nice to see euro sub 1.0780

[Belgrade Bobby]

EURUSD
The pair went through support at 1.08250, but failed to cash in on that break…it was taken in 1.08050 area on Europe entry.
Supports right now at – 1.08200 and 1.08100
Resistances at – 1.08350 , 1.08550 and 1.08700
Intraday view : It should go lower from here, but the problem is todays data’s and FOMC – Placing bets in a day like this might cost you a whole margin.
So follow one of the Major Rules of Forex trading : Live to trade another day !