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[SF Monedge]

Ok I’m on the buy side at 0782 lets see if it holds

[Belgrade Bobby]

And Feds will cut interest rates…right…

[Belgrade Bobby]

LOL – 50 pips in 30 seconds 😀

[GVI Forex 2]

Focus will be on the core CPI

[SF Monedge]

If you look at a monthly chart Eur has all the making of an attempt to hold 1.0780 and retest monthly highs.  CPI is pivotal today.

[Belgrade Bobby]

EURUSD 4h – Intraday view

15 min prior to the data, situation is as follows :

Support  1.08600 1.08350 1.08150

Resistance  1.08750 / 1.08800

It all comes now to the data – depending on Inflatory – Non Inflatory results , we’ll have a clear picture later on.

Expect hysterical moves in first 15-20 minutes just after the data.

Break of any level doesn’t mean much , but what comes next is what we are looking for.

[Belgrade Bobby]

Economic Data Calendar

USD  Inflation Rate YoY  – Highly Important _ it will make a mess on EURUSD

USD  Core Inflation Rate YoY

USD  Core Inflation Rate MoM

USD  Cpi sa

USD  Inflation Rate MoM

USD  CPI

 

CAD  BoC Monetary Policy Report

CAD  Interest Rate Decision  – Watch for USDCAD lunacy

[GVI Forex 2]

Reminder ECB meeting is tomorrow

April ECB meeting preview: On course for a June cut

Market participants do not expect the ECB to lower key interest rates on Thursday. Since last month’s meeting, the Eurozone economy has gained some momentum but remains close to recession and inflation has fallen further. However, before delivering any full-blown ease the central bank will want to see June’s updated economic forecasts for confirmation that the March projections, which showed headline inflation below 2 percent and the core rate on target in 2026, are still valid. Consequently, for now, the deposit rate should be held at 4.0 percent, the refi rate at 4.5 percent and the rate on the marginal lending facility at 4.75 percent….truncated

Econoday

[GVI Forex 2]

JP, 4.354%, bond yields inching down ahead of CPI

[Mtl JP]

10-YR 4.362%
–
In my dark triad of psychology , I am scratching my noggin about why the machiavellian brothers and sisters at the FED keep hanging out the “rate cut” shingle for peasants as the possibility that their estimates of the US’s neutral rate may need to rise further

[GVI Forex 2]

GBPUSD 1 HOUR CHART

GBPUSD has been a modest outperformer, supported by some of its crosses (GBPUSD, EURGBP)

The closest key resistance is at 1.2709 (void above it until 1.2803) and maintains a bid as long as it trades above 1.2648-63.

With that said, it will be a new ball game after the US CPI but after last Friday’s aborted reaction to the strong US jobs report, it is hard to have confidence in the first knee-jerk reaction and may pay to let the dust settle unless there is a big surprise on the data.

[GVI Forex 2]

This is a good summary and look ahead…

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

Wall St stocks have held up remarkably well in the face of the renewed interest rate angst of the past week but Wednesday’s March inflation readout may now be make or break from here.

Morning Bid: CPI vigil, Canada decides, China credit warning

[GVI Forex 2]

Markets treading water ahead of US March CPI

Forecasts are for a higher headline (higher oil prices) and a slight dip in the core

See out Economic Calendar

[GVI Forex 2]

Out overnight

BoJ Gov Ueda said referring to yen weakness that “we absolutely won’t change monetary policy directly in response to exchange rate moves”

[GVI Forex 2]

THIS IS MY FAVORITE TRADING TIP AS INDICATED IN THIS BLOG ARTICLE WITH A SHORT VIDEO INCLUDED TO ILLUSTRATE THE POINT

My Favorite Trading Secret: The Power of the “50” Level

[SF Monedge]

Entertaining the sell side of euro approaching 10860

[GVI Forex 2]

BTC 1 HOUR – CORRECTIO OF CONSOLIDATION

s bkue AT lines indicate BTC momentum has tilted to the downside after failing to set a new high and sustain 70000.

To suggest anything more than consolidation, BTC needs to hold the band surrounding 65000.

[SF Monedge]

Not entertaining the thought of the sell side in UsdChf unless it nears 9050 or so today

[SF Monedge]

Price behavior is suggesting to me that GbpUsd selling abates heading into the 2660/40 area for the day.

[Mtl JP]

Twiddling thumbs.
Food for thought for young, retail investors By Quentin Fottrell:
–
“Welch’s findings are an illustration that, while not every investor is rational, the collective wisdom of the crowd is often superior. Keep that in mind the next time you hear a Wall Street guru insist that small investors who frequent platforms such as Robinhood HOOD, -0.81% don’t know what they’re talking about. There’s a distinct possibility that, as a group, those small investors are doing better than the guru.” — marketwatch Mark Hulbert

[Author]

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