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[michael Calif]

interesting  …  our Option Profile still expects a rally in June Yen futures from under .6550 by Apr 25

[GVI Forex 2]

USDJPY 4 HOUR CHART –  Stalemate

This caught my attention

The latest positioning data from U.S. futures markets showed hedge funds and speculators increased their aggregate net short yen position in the latest week to a new 17-year high. (Reuters)

… despite the threat of intervention

As the chart shows, the bottom of the range was extended after a (false) intervention scare while the top end represents a 34-year high.

For Monday, there seems no catalyst for an attack of 155 but will stay on the radar as long as 154+ trades.

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)
The week is expected to open with no further cuts in China’s loan prime rates on Monday. The Bank of Japan on Friday isn’t expected to further raise rates though this is the expectation for subsequent meetings.

Key inflation data aren’t expected to show much if any moderation, whether Australian consumer prices on Wednesday or the US PCE price indexes on Friday. Yet there is an expected exception and that’s Tokyo consumer prices on Friday where underlying rates are expected to cool.

The first estimate for first-quarter US GDP on Thursday is expected at 2.3 percent annualized growth, down from the fourth quarter but still more than respectable. April’s run of PMI flashes are expected to improve but only slightly with services generally above 50 but manufacturing generally below this breakeven level….Econoday

See our Economic Calendar

[GVI Forex 2]

April 22 (Reuters) – A look at the day ahead in Asian markets.

Asian markets on Monday will be hoping to bounce back from one of the most bruising weeks this year, but that won’t be easy given the hawkish tone of recent Fed comments, heightened Middle East tensions and deepening weakness in tech

Morning bid: Fragile FX, tech swoon cloud sentiment

[GVI Forex 2]

IF YOU ARE LOOKING FOR A WAY TO IDENTIFY WHAT FLOWS ARE DRIVING THE FOREX MARKET, READ THIS ARTICLE POSTED IN OUR BLOG TODAY.

How You Can Use Currency Crosses to Trade Spot Forex

[michael Calif]

our Option Profile continues to call for selling above 2400 in June Gold futures; and lower USD futures and higher Euro futures in the near term…

[GVI Forex 2]

Week Ahead 22nd-26th April: Highlights include US PCE & GDP, BoJ, PMI data

FULL PREVIEWS AND ANALYSIS

Week Ahead 22nd-26th April: Highlights include US PCE & GDP, BoJ, PMI data

[GVI Forex 2]

XAUUSD DAILY CHART – Inside Week

Unable to shake a focus on 2400 but…

The range is still 2318-2431 after the past 5 days of trading within it.

This sets the stage for another week of chop unless the range, especially the high is broken.

[Belgrade Bobby]

EURUSD Daily

Resistance at 1.07000 – If holds , we’ll have the Downtrend speeding up
Support at 1.05900 – if Taken out, the road will be open for attack at first 1.05450, then comes 1.04900 and finally The Last line of Defence at 1.04150.

continue reading 

[GVI Forex 2]

GBPUSD WEEKLY CHART – MOMENTUM BUILDS ON DOIWNSIDE BREAKDOWN

GBPUSD breakdown below 1.2499 saw a late end-of-the-week nosedive as shifting interest rate cut expectations weighed on it.

Note my post on Friday about EURGBP pressuring GBP down.

As you can see on this chart there is a void of key levels until just above 1.20. This leaves the most recent low as the nearest support.

Resistance starts around 1.2400-10 with a bear bias as long as it trades below 1.2499.

[GVI Forex 2]

BITCOIN HALVING EVENT TAKING PLACE TODAY EXPLAINED

1. 

BITCOIN HALVING EVENT

[GVI Forex 2]

BTC DAILY CHART

One pattern seen since the 59075 low is that moves outside of 60000-70000 have lacked follow-through.

Normally I would say the blue AT lines show the risk on the downside but this is BTC so for now, until that 60k-60k pattern is broken expect more chop.

[Mtl JP]

buying opp ?
–
SEC Filings
How Nike Won the Battle for Caitlin Clark
The Wall Street Journal
•
7 hours ago
Nike and Lululemon Athletica Are Cutting Staff in a Tough Year for Sports Gear
Barrons.com
•
10 hours ago
Nike to lay off 740 employees at Oregon headquarters
Reuters
•
11 hours ago

[GVI Forex 2]

The tech stock turmoil continued as semis led lower, with Nvidia falling 10% in a day for the first time since 2020.

[GVI Forex 2]

The tech stock turmoil continued as semis led lower, with Nvidia falling 10% in a day for the first time since 2020.

[michael Calif]

we are monitoring Option Profile for a trustworthy, tradeable low, which is nowhere in sight

[GVI Forex 2]

NAS100 DAILY CHART – DOWN 8% FROM THE HIGH

AS I HAVE NOTED, i DO NOT POST LEVELS AS THERE IS NO COMMON CFD FEED SO PRICES CAN DIFFER BETWEEN BROKERS. i PREFER TO SHOW CHART PATTERNS SO YOU CAN SEE THE SUPPORT ZONE BELOW THE MARKET.

[SF Monedge]

Since its quiet in here – In my algo once UsdJpy crossed and held 153.20 on Monday the entire week was dangerous overshoot for those buying and has been riding the line since Thursday.  This pair is done on the buy side.

[SF Monedge]

UsdJpy is going to close the week around 154.50 unless the market gets a clue that this isn’t the time to ride the upside heading into next week.  Inevitably I am quite confident the pair will see 153.50 and ultimately 153.

[SF Monedge]

UsdChf is the 50% spot in my algo is 9080 and it is Friday so unless the market decides it should accelerate the selling again a bit later to not make the mistake of being behind the curve Monday the pair is likely to finish the week around there (likely closer to 9100).  My hope is the less boring version.

[Author]

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