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[Belgrade Bobby]

It is Up Knez – a week already.

[Belgrade Knez]

Bobby

There is another 50 min for this bar to close, and even Europe is out, usually that is the time for previously created intraday trend to continue uninterrupted .

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what’s today intraday trend? price back at LO and NYO levels ……

[Belgrade Bobby]

EURUSD 4 H

And now this does not look good for EUR Bears – This is becoming a very Bullish Formation on Intraday time frames.

Resistances are at 1.07400 & 1.07550 – break of would lead us towards 1.08150.

There is another 50 min for this bar to close, and even Europe is out, usually that is the time for previously created intraday trend to continue uninterrupted .

[SF Monedge]

Knez – price always moves by the book, we just have to learn how to read foreign exchange Brail.

[Belgrade Knez]

April 25, 2024 at 1:02 pm
GVI Forex

Knez, good post earlier on direction

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I wish price moves by the book all the time, but then it would be too easy and everyone will make money

[Mtl JP]

BoJ; yen; intrevention games
–
IF some BoJ intiative should happen this week,
I like to think Friday would have best odds of BoJ & Min-o-Fin causing goodly mayhem

[GVI Forex 2]

GDP misses on downside but inflation higher

Core PCE +3.7% vs +3.4% expected (+2.0% prior)

Knez, good post earlier on direction

[Belgrade Bobby]

Economic Data Calendar

[Belgrade Bobby]

EURUSD 4H

Pair is swinging within the channel – 1.06250 & 1.07350

Supports at : 1.07100  ,  1.06900, 1.06500 & 1.06250

Resistances at : 1.07350 Break of ( clear break – two consecutive closings above ) would call or a test of 1.07500 & 1.08150

[Belgrade Bobby]

USDJPY Weekly

We have some interesting levels to watch ;

Resistances at 156.000 & 156.750

Supports at : 153.500 , 152.000 , 151.500 & 150.000

Continue reading …

[GVI Forex 2]

NAS100 4 HOUR CHART – EASY WITH HINDSIGHT

It is easy to say that NAS100 had topped after looking at this chart with hindsight.

Having taken out the lows for the past 2 weeks, NAS100 is on the defensive showing a potential target at 16190. This is not a forecast, just pointing out what I see as a key level on this chart.

Given how fickle this index can be, watch the reaction to earnings later on.

[GVI Forex 2]

US GDP

Consensus forecasts are for growth to have slowed to 2.4% from 3.4% in the final quarter of last year – with core PCE inflation estimates jumping to 3.4% from 2.0%.

See our economic calendar

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Megacap Meta (META.O), opens new tab revived Big Tech jitters on Wall St overnight as its pumped-up stock balked at an ostensibly decent earnings update late Wednesday – but the mining sector was abuzz about BHP’s (BHP.AX), opens new tab possible $39 billion mega bid for Anglo American (AAL.L), opens new tab.

In a reverse of the positive way markets treated Tesla’s beaten-down shares (TSLA.O), opens new tab after a revenue miss the prior day, Meta’s headline beat triggered an out-of-hours 13% plunge in its shares as investors appeared to focus on the scale of its outsize spending on artificial intelligence projects.

AMERICAS Meta plunges, mega mining merger revealed

[Belgrade Knez]

if by the book, GU should go down to 1.2445 and EU to 1.0710

[GVI Forex 2]

NQ dragged lower by Meta (-13%) post-earnings, DXY softer & Antipodeans benefit from metals prices
Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses are mostly lower, US equities are mixed, with the NQ underperforming after Meta (-13.1%) results

Dollar is lower, Antipodeans benefit from higher metals prices, JPY is softer holding above 155.50 against the USD

Bonds are rangebound awaiting impetus from Tier 1 data later today

Crude is slightly lower in absence of energy-specific newsflow, XAU benefits from the weaker dollar, base metals are mostly firmer

Source: Newsquawk.com

[GVI Forex 2]

THIS WAS A VERY TIMELY BLOG ARTICLE

WHEN YOU SEE TWO CURRENCIES MOVING IN OPPOSITE DIRECTIONS (JPY DOWN VS THE USD, OTHERS MOVING HIGHER), IT IS THE CLEAREST SIGN THAT CROSSES ARE DRIVING THE MARKET.

IF OTHER CURRENCIES DID NOT MOVE HIGHER, USDJPY WOULD BE EVEN HIGHER TO PRODUCE THE SAME CROSS-CURRENCY MOVES.

How You Can Use Currency Crosses to Trade Spot Forex

[GVI Forex 2]

GBPUSD 4-HOUR CHART – REVERSAL OF FORTUNE

GBPUSD, which fell sharply to end last week on shifting interest rate cut expectations has reversed course as the market reassesses that outlook.’

This saw UK 10-year bond yield rise 9BPS to close yesterday at the highest level for the year.

Combine that with JPY weakness and a sharp GBPJPY rise, you can see why there has been a GBPUSD reversal.

GBP is also firmer on other crosses (e.g. EURGBP is lower as well).

Looking at this chart, it needs to hold 1.2497 *=(suggests 1.25 as well) to maintain a strong bid although support is seen as long as it stays above 1.2423.

[wfakhoury Amman]

EURJPY
Now 166.70 .into buy mood
16710 confirmed will be reached.

[GVI Forex 2]

AUDJPY DAILY CHART — 100.80

No change to what I posted this morning where I pointed out the 100.80 breakout level that needs to become support to open the door on the upside.

The move above USDJPY 155 has eased some of the pressure on crosses to absorb the JPOY selling but is still one path of least resistance.

[SF Monedge]

I am thinking should do it for now in EurJpy at 166.20.  Also, correction on earlier post regarding intervention, if I recall the last one that actually did some real damage was a Friday US session.  Regardless, short side preferable.

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