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[GVI Forex 2]

This is the key data day everyone has been focused on, US CPI and Retail Sales. Be prepared with this

A Detailed Preview….

Newsquawk Week Ahead 13th-17th May: Highlights include US CPI and Retail Sales, PBoC, China inflation and activity data, Japan GDP, Australian and UK jobs

Newsquawk Week Ahead 13th-17th May: Highlights include US CPI and Retail Sales, PBoC, China inflation and activity data, Japan GDP, Australian and UK jobs

[GVI Forex 2]

As all global markets spin their wheels waiting for key US data on Wednesday it pays to take a deep breath and. see..

How to Properly Trade Forex on News Releases

How to Properly Trade Forex on News Releases

[Belgrade Bobby]

AMC 4h (NYSE)

Yet another click bait stock – mob is going crazy today about it -seems that no one knows that it’s price was close to 400$

[Belgrade Bobby]

GME – Gamestop Corp (NYSE) – Daily chart

And we thought we have a volatile market: D This beats even BTC

[GVI Forex 2]

Watch the DJIA close to see if it breaks or extends its string of higher closes. LST -60 PTS.

[GVI Forex 2]

US yields ticking up …10-year 4.487%

[GVI Forex 2]

BTC 4 HOUR CHART –

WHuke BTC flounders for direction, the 2 Amazing Trader red lines, otherwise known as an AT directional indicator, signaled a shift in risk to the upside.

To turn this more than just a bounce, it would need to break above 53441

[Belgrade Bobby]

Ethereum  ETHUSD

Yet another Crypto puppy – trying to find support at 50% Fibo – 2.800$

Resistance at 3155 $

If support lost, it opens a way for 2150 $

[GVI Forex 2]

XAUUSD 4-HOUR CHART – Retracing?

A failure to stay above 2350ish has cooled a fresh bull run.

To contain the retracement it needs to hold 2328 – 61.8% of 2303-2378 (see chart)

See our Fibinacci Calcukator

[SF Monedge]

UsdChf has a little more room to roam but I am interested in being on the bid of Swiss itself coming up.  So UsdChf holds for a little while but not very much longer.

[Belgrade Bobby]

https://global-test.financialmarkets.media/how-to-properly-trade-forex-on-news-releases/

Pior to tomorrow’s Data

[michael Calif]

slightly different focus for us, USDJPY is on Sell Only status, per the late April Option Profile TOP

[Belgrade Bobby]

USDJPY Daily

Resistance at 157.100

Support 155.750 & 155.950

If we forget about BoJ , this pair is moving Up – it is in Buy mode on the daily.

If you have to play with this pair right now, go with very tight stops, but be aware that in the case BoJ reacts again, they might be executed way lower – so use your margin wisely and go very light to counter that slippage risk.

[Belgrade Bobby]

EURUSD Daily

Resistance 1.08050 & 1.08350

Support 1.07750 & 1.07500

As you can see from the chart, it was rejected at downtrend line 1.08050.

For the continuation of Uptrend, I would like to see support at 1.07750 holding it’s ground (smaller time frames indicate a test of it )

We have lots of Data tomorrow and some very important ones at that!

The current Pattern on Daily can go both ways – so wait for Data .

[SF Monedge]

Euro looks like it is running out of steam.

[michael Calif]

not sure what the catalyst will be, Jay, but the dye is already cast …

[GVI Forex 2]

Michael. It seems that this would be a bet on intervention or a tame CPI?

[michael Calif]

Yen futures continue a BULLISH Option Profile wave from the Apr 29 BOTTOM … USDJPY should honor it’s TOP

[GVI Forex 2]

USDJPY 4 HOUR CHART

USDJPY spikes higher following a tick up in us yields (only a little) following the Fed’s inflation expectations survey.

If you scroll through THE FORUM PAGES YOU WILL SEE MY WEEKEND UPDATE WHERE I NOTED IT MAY DEPEND ON WHAT CHARTS THE BOJ is looking at.

ON THE 4 HOUR, 156.28 IS A LEVEL IT WOULD NOT WANT TO SEE TRADE.

THE IMPORTANT LEVEL IS 157.98 ON ALL TIME FRAMES.

Note, EURJPY  came within a few pips of the key 168.65 resistance cited earlier (scroll down the forum)

[Mtl JP]

either Algo’s were not turned on they are not finely programmed for reading the release

[Author]

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