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[Dora]

Sold EURUSD on approach at 1.08600 and placed profit target at 1.07950 – got 1.07926. I wasn’t looking at it during the data !

[GVI Forex 2]

Not as important as ISM but stocks up, boind yiekds up, dollar up

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[Mtl JP]

1.0792 begs the qtn

how low

[Dvorak Prague]

Ah, started a bit late and after spread incresed to 2.9 pips chickened out 🙁

[Mtl JP]

only PMI maybe

[Belgrade Bobby]

EURUSD 4h

1.08600 held firmly

Now we should see tests of supports – 1.07950 target.

1.08300 resistance once again

[Belgrade Bobby]

DAX – ger30

Resistances: 22.950, 23.150 & 23.350

Supports: 22.800, 22.700 & 22.400

22.400 is in sight – as long as DAX holds above it, it will try to regain its Uptrend.

[Belgrade Bobby]

Important Data in about 50 min

Economic Data Calendar

[Mtl JP]

DLRx 103.75 … see how it deals with 104

[Mtl JP]

likely nega-effect on risk:
Incoming data components that suggest lower economic growth AND higher prices (i.e stagflation)

but not so clear on the direction of the dollar (which , if I judge President Trump’s inner wish, is for lower dollar )

[Mtl JP]

on deck today

PMI at 9:45, bostic and barr yak later in the day

[Mtl JP]

higher cost of borrowed money is incongruent with higher stocks. cheap(er) money is

[GVI Forex 2]

JP, risk on should see higher yields… how are they incongruent?

[GVI Forex 2]

US 10 year  back to 4.30% (vs 4.175% at one point last week)

[Mtl JP]

EURO 1.0833
I am biased: but so far short-term ambivalenet.

Res 1.0850 holding, break N of which would be necessary for push higher
Sup at 1.08, for now protecting a down-dump towords sub 1.0750

[Mtl JP]

US 10-YR 4.30% +0.048 and “risk” uP
are incongruent.
One is and will be wrong.

It is early in the week and two tug-of-war elements will likely tug:
early tariff re-clarifications as trump and team “clarify” things and
players turning focus on last week’s FED’s stagflation bable and asessing related incoming reports this week.

[GVI Forex 2]

US OPEN

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

Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

US President Trump reportedly plans his tariff ‘Liberation Day’ with a more targeted push, according to Bloomberg over the weekend.

STOXX 600 began the week on a firmer footing before trimming opening gains after a mixed APAC handover; EZ Flash PMIs were mixed and largely highlighted trade uncertainty.

DXY is lower after some choppy price action in early European trade. The macro narrative for the US has kicked the week off with a focus on the trade agenda.

USTs are lower amid the encouraging risk environment on account of weekend reporting over the Trump tariff agenda.

Crude prices are choppy. Benchmarks were lacklustre overnight amid the subdued risk appetite in Asia before trending higher in European hours; Precious and base metals hold mild upward biases.

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T

[GVI Forex 2]

XAUUSD 4 HOUR CHART –  In limbo

Chart still showing a downside risk that needs to take out 3038 to break the momentum… but only above 3047 would put the record 3057 high in play again

On the other side, the quick bounce Friday from 3000 suggests consolidation unless this level is taken out.

Range: 2999/3013 – 3038/3047/3057

For those that missed it, the following came out Friday and may have been a trigger for the XAUUSD sell off.

Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets, said that if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered.

 

 

[Topnine]

This is 10am Nigerian time and GOLD (XAU/USD) is at price 3028.97 and from my understanding of Price Action theory this is a set buy bias. Market is goung on a buy to around price range of 3032.69. It is going to be a slow climb up.

Market dropped to a low at price 3020.71 which is the lowest point it got to after market opeend early this morning. This buy (Bullish) movement might not continue for long. Let us take a few pips. A word is enough for the wise. Let’s use tight TP/SL and not risk more than 1-5% of our capital. A word is enough for the wise.

[GVI Forex 2]

Using my platform as a HEATMAP shows

… week starting out in a risk on mood after Trump’s reciprocal tariff comments… As I have noted, while markets may react to the latest headline actions speak louder than words (April 2 is the reciprocal tariff day).

… the dollar is trading weaker but off earlier lows… exception is USDJPY but remains below 150

EURUSD came close but paused below 1.0860… See What is the trend in Forex Majors for coming week

EZ composite PMIs mixed (manufacturung up a touch (but below 50), Services down a touch (but above 50)… S

[Author]

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