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[Mtl JP]

powell doing justice to williams’ musing (ref below earlier post)

[Mtl JP]

powell , sofar, not dis-appointing , talking out of both corners of mouth

[Mtl JP]

EUOR 1.08906 HIGH ON MY TOY. yes yes yes!

[wfakhoury Amman]

[Mtl JP]

10-yr 4.1040

HOLA! monedge

[Mtl JP]

this is time colloquially referred to as separating chaff from wheat

[Mtl JP]

EURO 1.0888
–
puppy s trying to tickle 1.0890 Res; pricepoint for traders with trader’s nerves and ballz

[Mtl JP]

GVI 3:35 / powell s unlikely to want to rock the boat and is not likely to be overtly clear about policy prospect

be a surprise if he pulls the carpet from under his minions’ messaging that progress is being made BUT there is still more work to do — see wiliams yak below – he is likely to stay away from rate cut risks

[Mtl JP]

usdchf 8822

am long now

[GVI Forex 2]

USDCAD 4-HOUR CHART- WAITING FOR BOC BUT POWELL IS MORE IMPORTANT

Key levels are clear AT 1.3540-1.3605 => 1.3540 is also JP’s support level

Trendline and minor support is at 1.3444

[Mtl JP]

IF fx requires nerve sometimes and gives u ulcers – fear of losing – then maybe best to change vocation as self-control of fear is about the only thing that one can control. And if you can’t … get a job teaching. as the old saw says

[SF Monedge]

JP – Me too.  Side note I can see Dxy moving under 103.42 on knee jerk flows and if so that is a very nice setup.

[Mtl JP]

monedge 2:12

dlrcad 1.3562 – I am bullish the pair. players expecting 5% rate. If macklem comes out oooh-n-aaah-ing not yet there miawing I am expecting players will take that as hawkish and club some of the eager doves

for me 1.3550/40 needs to hold else its it is my BoD death

[SF Monedge]

Bobby – Lol, indeed.  I think the fear killed mine.

[Belgrade Bobby]

SF – Foreign exchange requires nerve sometimes eh? Just ask my dear Ulcer 😀

[SF Monedge]

GV – I remember that flash crash in 2014 I think it was.  I was on the right side of the fence small purely out of luck and got out fast small +.  That day was intense.  Foreign exchange requires nerve sometimes eh?

[GVI Forex 2]

USDCHF 4-Hour Chart

I get a bout of PTSD even writing about USDCHF so I will just lay out the AT chart levels in this 4-hour chart

You can make a bearish case as long as the .8892 level stays untouched but a break of .8779 and the trendline would be need to confirm the risk has shifted.

[SF Monedge]

JP – Concur.  UsdChf is the pair receiving the lions share of money flow today as was the case yesterday.  10yr yield has been dropping since yesterday which creates a scenario where it would take something significant for 41.0 to be compromised and stick negative.

[Mtl JP]

waller said earlier
–
“I am going to need to see at least another couple more months of inflation data.” “The strength of the economy and the recent data we have received on inflation mean it is appropriate to be patient, careful, methodical, deliberative – pick your favorite synonym. Whatever word you pick, they all translate to one idea: What’s the rush?”

how would you like that be translated ?
– that powell & co will be happy market is aligned with expectations (ie. 3 cuts) OR
– no cut at all in 2024 ?

[Mtl JP]

USDCHF 8844
–
R 8868
S 8828

I am biased: BoD

[Author]

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