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[SF Monedge]

For UsdCad with the BoC announcement today, if 3535 survives it likely tests the highs of 3605.  If it fails to accelerate there then we should see 3500.

[Mtl JP]

EURO 1.0871
–
r 1.0890
s 1.0850

I am biased: BoD

[Mtl JP]

on deck
–
08:15 – ADP
09:45 – BoC rate
10:00 – Powell
10:30 – BoC pressconf
12:00 – daly
14:00 – beige book
16:15 – kashkari at wsj

[wfakhoury Amman]

[Mtl JP]

DLRx 103.59
–
dlr on down-tilt ahead of jerome
note: his prepared speech is probably floating around wires already

[wfakhoury Amman]

[SF Monedge]

GV – No way I am on the buy side of UsdJpy, even if it takes off uphill, with the BoJ lurking.  For me, its sell buy waves and deploy resting/trailing sell stop entries.

[Belgrade Bobby]

JP – you forgot to add a link to the Economic Calendar

[GVI Forex 2]

Triple witching hour at 15:00 GMt (10 AM)

Powell , BoC, JOlTS

Powell: With market expectations now aligned with Fed’s 3 rate cuts the general feeling is that Powell will be content with what financial markets currently expect and that will not want to rock the boat.

As always markets move in a surprise of look to spin an event to fit its view.

BoC status quo expected.

[Belgrade Bobby]

SF – depends what they expect from the Fed to say 🙂 btw, I see another push up in EURUSD – is it limited or not, I have no idea 🙂

[SF Monedge]

Entertaining the sell side of GBPUSD from 2727 and EURUSD m from 0877.  Do not see either pair accelerating substantially from here headed into NY with Fed speak on tap.  Could be a stale day pre-Fed speak.

[Mtl JP]

10-yr 4.16% at 6:57 AM EST

according to jeff cox:
* Fed Chair Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how the central bankf plans on proceeding with monetary policy this year.

* Central to the question of how the Fed acts from here on out is its view on inflation and how Powell expresses that.

* Powell’s testimony before Congress comes at a ticklish time for markets: After breaching historic highs, major stock averages have sold off this week.

Fed Chair Powell testifying to House on Wednesday. What investors are expecting

[GVI Forex 2]

USDJPY DAILY CHART: We know the top but will the bottom hold?

The top for now is clear at 150.89

Support at 149.20 forms the bottom of the range, move today paused above it

But the key level is at 148.92

For today, focus is on Fed Chair Powell and how bond yields react will influence how USDJPY trades

Otherwise, 150 remains the ultimate bias setter, and the market likely in a sell on blips if(?) it can stay below it.

[Belgrade Bobby]

EURUSD – In my opinion – Straight for 1.09350

[wfakhoury Amman]

[GVI Forex 2]

WFakhoury

I am curious how one trades your signals

Let’s say in Gold

All 1 hour candles with the 2124 example

It closes at 2125 and you buy

it goes to 2225.80 and then reversed to close the hour at 2123.80

Do you stop and reverse?

[wfakhoury Amman]

[wfakhoury Amman]

[wfakhoury Amman]

[wfakhoury Amman]

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