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[Mtl JP]

NFP (the finer details do not matter as much as player reaction)
–
according to RTRS:
Fed gets another reason not to rush on rate cuts

Employers added a robust 275,000 jobs last month, a Labor Department report showed on Friday, handily beating the 200,000 that economists expected.

[SF Monedge]

Long Eur/Jpy executed 160.83.  Not expecting much.  Prefer the sell side overall.

[Belgrade Knez]

Bobby 5:15 pm

agree …. it’s Friday hence I closed my last trade short from 1.0960 and closing charts until Monday

 

[SF Monedge]

I’m on the buy side of EurGbp from 8508, seeking 8540 or so.

[GVI Forex 2]

EURGBP 1 Hour Chart

If you trade EURUSD and/or GBPUSD you should keep an eye on EURGBP.

Currently, blue AT lines are dominating, indicating either GBP strength or EURUSD is not as strong as charts show (same for other EUR crosses) and pointing the risk to the downside

Whatever the case, EURGBP .8500 is the current line in the sand.

I have a video on file how to use crosses to trade spot. Contact me if you would like a copy.

[Belgrade Bobby]

Knez, I agree . Only problem here is it is Friday, end of day coming fast and usually market will react kind of a dead horse …so we have to wait Monday 🙂

[Mtl JP]

GVI … IF you took off the BTC label on your chart and got rid of your emotional prejudice and just rely on unemotional chart signals , would you still say that it “feels more like a video game than a tradable instrument” or would you feel warm and fuzzy about the signals catching a whale ? ?

[GVI Forex 2]

BTC 4 HOUR CHART

I am not sure why I am even trying to analyze BTC as it feels more like a video game than a tradable instrument.

The bounce from a 15% retracement just set a new high above 70000 and then a quick 2000 pip retreat (about 3%)

So just look at the chart, needs to close and stay above its former high just broken while on the downside the 59081 low keeps the risk on the upside.

[SF Monedge]

Apology – Prior post pertains to Usd/Chf due to safe haven aspect of the pair.

[SF Monedge]

US Embassy in Moscow warning of imminent terror attack by Islamic State in Moscow against Jewish targets, with one being thwarted the other day.   Hence my post yesterday where I noted I like having a trailing sell stop order in USD at all times at the mid-level point of any 100pip range the pair is currently in while price is above the mid point (50).

[Belgrade Knez]

EU below 1.0940 will lose interest for further up move ….. hopefully to get some more before day ends.

[SF Monedge]

Believe the 10yr yield gapping down Monday to open at 41.64 was one of the 1st clues for the Usd for the week.  Have been eyeballing the yield to fill the gap but no dice.  Yield looks destined to fall to 39.60/70 with this activity, and if so that is the first area of contention followed by 39.69 and if compromised 37.80 in my view.

[GVI Forex 2]

XAUUSD 1 HOUR CHART

Spike high suggests the top may be in for the day but expect support as long as 2524 holds.

Note the rising red AT lines so only a break of 2154 dents the current momentum.

[SF Monedge]

Long Usd vs Singapore Dollar and Mexican Peso filled almost at absolute bottom post data, will hold for fun.  At times I trade crosses approaching data to stay out of wild activity.  I’m riding a Gbp/Chf from Wednesday at 1.2225 and am likely to exit any time here, see it settling around 1.1250 around end of day likely.  Light positions.  Bailed last night on Aud and Gbp sells with a squeaky gain, didn’t look good at all, those were testers.  Still see Usd pulling up a bit overall but obviously the dynamic has shifted to the sell side.

[wfakhoury Amman]

Before Data

GBPUSD NFP
Into the buy mood.
Any decline below 12840 will return to it.

Price above 12870 will start going down
______________________________________
After Data
price declined to 12825 then rose above 12840 then to 12895.
then start going down
Exactly as my signal.

[Belgrade Knez]

no matter good employment numbers when AHE and unemployment % are worse than expected….. hence seems to me that AHE is one that showing USD direction unless comes out as expected then unemployment gives direction

[Belgrade Bobby]

So that was The Wild Cat move – pulled a bit back for a great jump 😀

[wfakhoury Amman]

GBPUSD NFP
Into the buy mood.
Any decline below 12840 will return to it.

Price above 12870 will start going down

[wfakhoury Amman]

GBPUSD NFP
Into the buy mood.
Any decline below 12840 will return to it.

[Belgrade Knez]

Bobby 12:24 pm

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