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[GVI Forex 2]

Anyone trading this past week saw the reaction to a jump in US Weekly Jobless Claims, normally a low-impact data release. One would have thought it was the monthly employment report that just came out. With key data due out this week from the US, it pays to be reminded that>>>>

Forex Trading DUH! Reaction to News is What Matters

Forex Trading DUH! Reaction to News is What Matters

[GVI Forex 2]

MARKETS REMAIN HYPER-SENSTIVE TO ECONOMIC DATA RELEASES SO HOLD ON TO YOUR SEAT BELTS NEXT WEEK WHEN US RETAIL SALES AND CPI WILL BE REPORTED… SEE DETAILED PREVIEWS IN THIS VERY POPULAR WEEK-AHEAD REPORT

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

[Mtl JP]

I am THRILLED by this new development in use of AI
–
Alphafold 3 predicts the structure and interactions of all of life’s molecules

May 08, 2024

Introducing AlphaFold 3, a new AI model developed by Google DeepMind and Isomorphic Labs. By accurately predicting the structure of proteins, DNA, RNA, ligands and more, and how they interact, we hope it will transform our understanding of the biological world and drug discovery.

totally amazing and exiting application … instead of sometimes years of research down to literaly minutes

[Mtl JP]

unusual incident
–
timesofisrael
“12 soldiers stung by wasp swarm after tank runs over nest in southern Gaza”

In unusual incident, Sheba Hospital admits 10 of the soldiers for treatment, with one sent to ICU, says some were stung by hundreds of the insects, but none in critical danger

Note to piece authors EMANUEL FABIAN and MICHAEL HOROVITZ
Actually not unusual at all. bees, wasps, scorpions and other insects have long history of military battle use from approximately medieval age to including current “modern” warfare.

[Mtl JP]

GVI 12:34 // hot canadian job numbers
–
and the so what of that …. is …

odds of rate cut by BoC are … you guessed … lower

yes, you can trade on it. carefully.

[Mtl JP]

10-yr 4.502 // DLRchf 9060

on the hourly puppy is painting a bit of a jagged H&S formation
something I like for next week

looks like FED gang has an unfinished propagnda job

[michael Calif]

nearby Yen futures remain LONG from the Apr 29 BOTTOM, per Option Profile

[SF Monedge]

Market is trying to get long Yen here.  (not long UsdJpy)

[SF Monedge]

Bid/Ask volume ratio in stocks is very low, and very flat.

[michael Calif]

agree Bobby – this is merely corrective rally off initial Wave 1 down. June Gold futures remain SHORT from the TOP above 2400, per Option Profile

[Belgrade Bobby]

Gold Daily

Resistance at 2380.00 , 2420.00 and previous High at 2430.00 ( more or less )

Supports at 2330.00 , 2315.00 & 2280.00

Daily is in the Buy mode again, but the Rejection at 2380 area doesn’t look good for further advances.

There is a lot of space that can open to the upper side, but Down side looks more and more attractive.

Right now is in No man’s land….

If stays below 2380, Pattern suggests at least a sizeable correction on the way to the downside.

[Belgrade Bobby]

Nasdaq Daily

Still pushing Up

[GVI Forex 2]

Before anyone gets excited about the EURUSD,

Tested 1.0791 resistance today =, which held

Last 1.0764 vs. 1.0758 close last week

Range this week, 1.0724-91 (67 pips)

[GVI Forex 2]

10-year 4.504% after U of M inflation

[GVI Forex 2]

U of M sentiment misses on downside but inflation expectations misses on upside.

[GVI Forex 2]

Next up is U of M consumer sentiment.

The focus is on inflation expectations.

[GVI Forex 2]

AS WE SIT HERE WATCHING PAINT DRY IN THIS QUIET FRIDAY LULL, IT IS MY TIME TO GO ON ALERT AS YOU WILL SEE WHEN YOU READ THIS ARTICLE

Why Complacency Can Be a Trader’s Worst Enemy

Why Complacency Can Be a Trader’s Worst Enemy

[GVI Forex 2]

Watch Bond yields day as someone just woke up to (correlation) a tick up in yields but still below 4.50% (4.492%)-

[GVI Forex 2]

Big upside miss in Canadian jobs (stronger)

Scroll down for link to the economic calendar and scroll to next page for a USDCAD chart

[GVI Forex 2]

Canadian jobs reportup next

See our Economic Calendar

[Author]

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