[GVI Forex 2]

US OPEN

US futures approach PCE in the red following the overnight tone and further risk aversion from earthquakes in Myanmar; Carney to speak with Trump today

Good morning USA traders, hope your day is off to a great start! Here are the top 6 things you need to know for today’s market.

6 Things You Need to Know

European bourses and US futures approach PCE in the red following the overnight tone and further risk aversion from earthquakes in Myanmar

Canadian PM to speak with Trump today; EU has mentioned Apple, Meta and PayPal as part of any potential tariff response

DXY attempts to claw back Thursday’s pressure and is firmer vs peers ex-JPY, which is the best performer after Tokyo CPI

A firmer start for fixed benchmark ahead of US PCE and any tariff/trade developments, no move to the morning’s prelim. HICP figures

Crude choppy, precious metals underpinned by the tone while base metals are lower

Geopolitics in focus amid updates on Panama, Ukraine minerals deal and further damage to the Sudzha station

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[GVI Forex 2]

Using my platform as a HEATMAP shows

.. the dollar trading firmer except vs. the JPY, a reversal of what wax seen at this time yesterday as mood turns to risk off  (and an unchanged GBPISD… weaker EURGBP)

What caught me eye:

USDJPY came within 10 pips of 151.30 and then went into retreat

EURUSD printed 1.08 (6th day in a row) but no higher

XAUUSD at a new record high

Tame EZ flash CPI

UK retaik salea beat

Looking ahead

Key data focus will be on US PCE

Monday is month/quarter end

Wednesday is reciprocal tariff day

Spring forward for clocks this weekend

 

[Belgrade Bobby]

EURUSD Daily

Resistances: 1.08200, 1.08600 & 1.09150

Supports: 1.07700, 1.07350 & 1.07150

Close tonight below 1.08000 ( preferably below 1.08900) would be Bearish for tomorrow.

 

[Belgrade Bobby]

EURGBP Daily

Resistances: 0.83400, 0.83550 & 0.83850

Supports: 0.83235, 0.83150 & 0.83050

Direction is Down

[Dora]

EURUSD 20 min Once again 1,2,3 perfect. 21 pip I will admit : now I watch 4 same charts on different time frames waiting for this signal. I still have a problem with the “retest”, but it is getting under my skin lately.

[Dora]

EURUSD 20 min Once again 1,2,3 perfect. 21 pip I will admit : now I watch 4 same charts on different time frames waiting for this signal. I still have a problem with the “retest”, but it is getting under my skin lately.

[Alex Lugano]

DAX Slumps as Auto Tariffs Take a Toll

Frankfurt’s DAX fell more than 1.5% to trade below 22,500 on Thursday, underperforming its regional peers, with auto stocks pushing down the index.

US President Donald Trump announced 25% tariffs on all car imports, exacerbating the trade dispute with the European Union.

He also warned that he would impose substantially higher tariffs on the EU and Canada if they coordinated efforts to counter trade tariffs.

 

[GVI Forex 2]

It took 4x to finaly run EURUSD stops above 1.08 (extends the pattern to 5 days in a row)

[Belgrade Bobby]

EURUSD

Now this is a bit tricky job – to give an exact perspective on coming moves…

If in this 4h we see High printed 1.08000 or slightly above, next 4h will test 1.08200

So let’s see if it works 😀

[Mtl JP]

eurdlr 1.0794

sooooo … what is the esteemed view about 1.08 ?

[GVI Forex 2]

JPY selling order apparently not done… keep an eye on GBPJPY )leading) and EURJPY

As one of our members wrote just now, out of my radar range.

[GVI Forex 2]

EURUSD: 3rd time replled just below 1.08

[Belgrade Bobby]

EURUSD 4h

Supports: 1.07850, 1.07700 & 1.07350

Resistances: 1.08000, 1.08200 & 1.08600

Next bar – has to stay above 1.07700 to test higher – 1.08200

For change of downtrend EUR has to reach above at least 1.08300

New Season – Episode 1 – Creating a bottom ??

[GVI Forex 2]

EURJPY 4 HOUR – HITS RESISTANCE

Hit a wall at 163.03… eased upward pressure on USDJPY (high 151.09… last 150.71)

Need to see further evidence on shorter time frame charts that the buy order is done.

[GVI Forex 2]

I was just asked how do you know there is a real money sell order in the JPY?

My reply:; It’s like a tug-of-war with the USD caught in the middle

When yiou see 2 currenies move in oppodite directions vs the USD, (e.g. buying EUR and GBP, selling JPY)you can assume there is “real money” buy or sell  order in the cross.

[GVI Forex 2]

US OPEN

European bourses hit on auto tariff rhetoric, DXY mixed vs peers while EGBs & USTs diverge

Good morning USA traders, hope your day is off to a great start!

Here are the top 6 things you need to know for today’s market.t

6 Things You Need to Know

The US is to impose 25% tariffs on all cars made outside of the US effective on April 2nd

Trump reiterated that reciprocal tariffs are also set for next week but stated they will be lenient

Updates which weigh on European equities with Auto names lagging, US futures mixed/firmer

DXY mixed with GBP outperforming in an attempted recovery from Wednesday’s action while JPY lags

EGBs and USTs diverge as they focus on growth and inflationary implications of the latest rhetoric respectively

Crude benchmarks lower, TTF choppy, XAU gains and base metals slip

[GVI Forex 2]

Flavor of the day are sell orders in JPY, whih has lifted USDJPY while offsets boost the EUR and others vs. the USD.

So far USDJPY has paused at 151 and EURUSD at 1.08.

[GVI Forex 2]

Using my platform as a HEATMAP shows

… the dollar trading mixed to lower after aextending its upside in early trading.

EURUSD range 1.0733-1.0787 so…

…if -.07 does not trade then a 4 day pattern around this level will be broken (bearish indicator).

Approaching month/quarter end rebalancing said to favor dollar buying.

XAUUSD catching a bid

Relatively light calendar

U.S. weekly jobless claims, final Q4 GDP revision, pending home sales

Otherwise it remains a Trump and tariffs headline driven market

[GVI Forex 2]

More fuel on the EURUSD fire

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[Belgrade Bobby]

EURUSD 4h

Situation is not clear, yet but indications are here…

We have two important levels to watch now:

1.07600/700 above the head

1.07200 below

Return above 1.07700 would be indicative of renewed Up trend

Break below 1.07200 would open a road to 1.05000

Daily ranges are pathetic, and obviously only force are stop losses.