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[Jay USA]

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

The week of March 24 brings a flood of critical economic indicators, with global flash PMIs offering early insight into how new U.S. tariffs on steel and aluminum are affecting European exporters. Germany, the EU’s top metals exporter, could see further pressure in its manufacturing readings. In the U.S., housing data may reflect a rebound from weather-related slowdowns, while regional Fed surveys and PCE inflation numbers provide updates on manufacturing health and price pressures. In Asia-Pacific, inflation figures from Australia and Japan will guide monetary policy, especially as core price trends remain under close scrutiny.

Econoday

[Topnine]

A good day, the focus is on USD/CAD, the Market opened at price 1.43574. it has gone on a steady decline ever since and is currently at price 1.43369. As a price action pro, i see cad going to reclaim its selling bias to the price range of 1.43223, at least before returning upwards.

Price has hit a rock bottom low at price 1.43247 and has started a slow upward movement. So we are expecting a few pips downwards to secure profits. Don’t get greedy. Setting a tight TP/SL is essential. A word is enough for the wise.

[GVI Forex 2]

Risk on start on this headline news

Try Newsquawk for 7 Days Free

[Mtl JP]

EURO 1.0830-ish suddenly
testing R and …. failing

[Mtl JP]

1:18 Bobby / Thank you for the Trend in Forex Majors write-ups

[Belgrade Bobby]

GBPUSD

Daily Supports: 1.28850, 1.28500 & 1.28050

Daily Resistances: 1.29300, 1.29700 & 1.30100

Weekly Supports: 1.28850, 1.28500, 1.27750 & 1.26600

Weekly Resistances: 1.30150, 1.30450 & 1.30800

Read more

[Belgrade Bobby]

EURUSD

Daily Supports: 1.07950, 1.07650 & 1.06300

Daily Resistances: 1.08300, 1.08600, 1.08900 & 1.09200

Weekly Supports: 1.07950, 1.07300 & 1.06650

Weekly Resistances: 1.09550, 1.10250 & 1.11700

Read more….

[GVI Forex 2]

Newsquawk Week Ahead: Highlights 24th-28th March 2025Newsquawk Week Ahead

Highlights include US PCE, Global PMIs, UK CPI and Spring
Statement, Australian & Tokyo CPI, BoJ SoO

[GVI Forex 2]

I posted this earlier and what was a classic AT setup once again played out to perfection

You can get a free ($!) AT trial as aa member benefit for joining GTA (free)

XAUUSD 4 HOUR –  What is The Amazing Trader (AT) saying

Posted earlier

AT Directional Indicator (2 blue lines off the high) indicating a downside risk BUT only a move through 3022 would suggest anything more than consolidation.

Below 3022 lies 3000-05

Above 3047 would put the record 3057 high in play again.

[Mtl JP]

really …

Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Goolsbee told CNBC that he’s been hearing more concerns from businesses in his region about the impact of tariffs.

By Jeff Cox

[Alex Lugano]

Sometimes It’s Good to Be Passive
I know that most traders prefer to be in constant touch with the market from fear not to lose an opportunity to take a trade.

But in reality that approach produces some counter results at the end:

–          When your brain becomes overwhelmed by data and action, your capability to trade reasonably is shrinking.

–          Running after every single trade creates a fog in front of your eyes

–          You are starting to see situations that are either not present at all or are opposite of what you think

–          You start to hoard stop losses and a killing spree of your margin is inevitable.

–          Suddenly you don’t know anything and market ( and the whole world ) are against you

So take a break from time to time

Especially if your trades are not going as you expected

–          Let it be for awhile

–          Pull back and relax

–          Once fog is gone, backtrack all your trades that went wrong and find why it happened

–          Once you figure it out, you can go back to fight

[Alex Lugano]

Barclays Weekly Insights

From uncertainty to multi-shock

As the US administration seems determined to impose high tariffs and ‘detox’ the domestic economy, US growth is set to slow sharply, with global spillovers. Effects from higher European investment will lag but could be significant. We expect the Fed, BoE and BoJ to remain on hold.
The Trump administration has expressed more tolerance for adverse economic fallout from tariffs than we had thought. We adjust our assumptions by incorporating softer trajectories for activity and a bigger upsurge in inflation in the US.
We lower our euro area growth forecast for 2025 as activity is set to decelerate further given US tariffs on EA exports. We still see the ECB’s depo rate reaching 1.5% by year-end.
In the UK, a weaker growth outlook, tariff uncertainty, and an easing labour market but rising inflation expectations provide a complicated backdrop to the MPC meeting.
We expect the Bank of Japan to keep its “on track” assessment of growth and inflation, but take time to gauge the effect of its January rate hike as well as tariffs and wages.
China data suggest risk of prolonged deflationary pressures this year, while companies are holding back from hiring. US trade risks are two-sided.
US tariffs on steel and aluminium are unlikely to have a material economic effect on Emerging Asia, but more severe tariffs could slow the export up cycle.
Positive comments on a Ukraine ceasefire have driven market sentiment in CEE.
Labour indicators report healthy momentum in most of Latin America. However, this does not necessarily reflect economic strength.

[Belgrade Bobby]

EURUSD 4h

1.08600 proved to be impenetrable and afterwards Eur broke below channel trendline.

If it closes in next 10 min around here – 1.08200 or lower, we are going to have Pattern signal for sell.

What I don’t like about it is a fact that this is already a prolonged correction and the law we saw is so called extended move – so carefully

Use stop – I would place it just above 1.08250 , but that’s just me – don’t like big stops and my approach is that if market doesn’t go my direction – voila…I am out.

[GVI Forex 2]

JP, dead cat bounce unless it gets back abiove 1.0814-20

Bulls need a close abo ve 1.0805

See if a bounce in stocks cools the downside.

[GVI Forex 2]

More uncertainty than certainty but glimmer of flexitibility

Try Newsquawk for 7 Days Free

[Mtl JP]

here u go 1.0799 !

and bouncing uP again

[GVI Forex 2]

JP, below 1.0850 keeps risk on the downside.

With stops more likely on the down rather than the upsxide, dependent of 1.0815 hokding to prevent 1.0800-05 coming on the radar.

A close below 1.0805 would create an outside day key reversasl.

Your 1.0820 level is acting like a pivot.

[Mtl JP]

EURO 1.0830/20

degenerates’ battleground atm
just as stock appear to try for a new washout BUT, in my book, around 1% is piddly stuff
unless one conciders weekly where some may be sqeualing and others are rubbing hands

[Mtl JP]

FED gang member blablablah
–
Fed’s Williams says monetary policy in right place amid notable uncertainty
New York Federal Reserve President John Williams said on Friday the U.S. central bank’s monetary policy is in the right place at this time, given how the economy is performing in an environment where the outlook is quite uncertain. “There is certain uncertainty in monetary policy” and “the …

Fed’s Williams: ‘Uncertainty is high’ amid shifting US economic policies
New York Federal Reserve president John Williams on Friday stressed the uncertainty of the US economic outlook, saying he expects lower growth

hia “personal opinion” for your concideration
certain uncertainty hahaha. some are just not shakesperaen wordsmiths

[Mtl JP]

DLRx 103.60
–
overall USD is getting some love from market, BUT not enuff to be charging out of call it consolidation zone

another overall is that bonds too are more mixed that lop-sided.

jerome tried to bamboozle players with some blablah about stagflation …

and so my so-far instinct observation is that with CB yikyakings about rates and ploicies over, players are and will put focus on any “clarifications” about April 2nd tariffications dynamics.

still overall in my reading of market sentiment about the dollar is that there retisence to rush into it, which by extention means that a rally in the dollar should have limited octane. in other words dlrx puppy will be needing to rush through 104 decisively and hold the level.

euro 1.0832 as I type.
I am biased down on this one. I maintain it needs to test decisively 108.20 Sup failure of which should open up approx 100 southerly pips and towards the 200dma

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[Author]

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