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[SF Monedge]

“The U.S. national debt is rising by $1 trillion every 100 days,” Michael Hartnett, chief strategist of Bank of America, wrote in a note to clients seen by CNBC, adding it’s “little wonder ‘debt debasement’ trades closing in on all-time highs, i.e. gold [at] $2077/oz.

[GVI Forex 2]

EURGBP DAILY CHART

Higher red AT lines off the low show some risk on the upside but would need to get through the top of the current .8528-78 range to expose .8593-/8621

However, to confirm a break in trend, the key trendline (see chart) would need to be taken out.

Looking at shorter time frames, support at .8550-55 would need to hold to keep a bid.

The bounce in EURUGBP is one reason why EURUSD is finding some suppot.

[Swiss Frank]

Happy Birthday to anyone whose birthday it might be today…..

[GVI Forex 2]

Newsquawk Week Ahead: 4th – 8th March

Mon: Swiss CPI (Feb), South Korean GDP (Q4), Japanese Tokyo CPI (Feb),

Tue: US Primary Super Tuesday, Chinese Caixin Services PMI Final (Feb), EZ/UK/US Services and Composite PMI Final (Feb), EZ PPI (Jan), US ISM Services PMI (Feb), South Korean CPI (Feb)

Wed: BoC Announcement, Australian GDP (Q4), German Trade Balance (Jan)

Thu: ECB Announcement, Japanese Wage Data, Chinese Trade Balance (Feb)

Fri: German Industrial Output and PPI (Jan), EZ GDP Revised (Q4), US Jobs Report (Feb), Canadian Jobs Report (Feb)

Sat: Chinese Inflation (Feb)

Sun: Japanese GDP (R)

http://www.newsquawk.com

[Belgrade Bobby]

Welcome Emma and Drifter 😀 Feel free to share your insights, ask questions and be a part of our community .

Please avoid posting advertising material of any kind, unless approved up front.

[GVI Forex 2]

Key event week with Fed Powell  Powell testifying on Wed and the ECB meeting on Thurs so let’s take a look at the EURUSD

EURUSD AT Daily Chart

2 higher red support lines show a risk to the upside that requires a break of 1.0896 to give legs to the upside.

Whatever the case, 1.08 is the current bias setter, and only back below it would put the 1.0760 support in play again.

[Mtl JP]

The Toll of The Bell
–
NYT 02/03/2924 – Voters Doubt Biden’s Leadership and Favor Trump, Times/Siena Poll Finds

The share of voters who strongly disapprove of President Biden’s performance reached 47 percent, higher than in Times/Siena polls at any point in his presidency.
With eight months left until the election, Mr. Biden’s support lags behind Donald Trump’s in the national survey of registered voters.

***

I maintain my opinion that joe will be POOF! by may, at latest by june.

[Belgrade Bobby]

EURUSD Daily – Week Ahead

Supports at : 1.08200 1.07950 1.07250

Resistances at : 1.08500 1.08900 1.09350 and 1.10850

Friday’s close indicates a probable move to the Resistances first. The pattern calls for a test of 1.08900.

I am going to be free to say that I can see 1.09350 reached already on Monday – that is what I see….and I don’t have a crystal ball 😀

For that to happen, EURUSD should not go bellow 1.08200 .

 

[wfakhoury Amman]

Bobby you can delete any post you want ,but having in mind that my signal is on Nasdaq Index and is
not on any stock.
______________________________________________________________________________________________________________________
Neither Nasdaq nor the Information Providers shall under any circumstance be liable to user (and/or any third party) for any lost profits or lost opportunity, indirect, special, consequential, incidental, or punitive damages whatsoever, even if Nasdaq has been advised of the possibility of such damages.
____________________________________________________________________________________________________________
Anyhow I will be not in the forum next week
Have a nice weekend

[wfakhoury Amman]

All my signals last week achieved their targets by 100%, moving the price between the levels I set for it. Next week we will achieve the same results to obtain good profits.

[Mtl JP]

SF – I am pretty certain he does not have only friends.
FX traders have long memories (see Jay’s post below) and between zero and negative (ie. vindictive) goodwill

[GVI Forex 2]

USDCHF 4-Hour Chart

I swore off trading the CHF after the infamous 2015 SNB-inspired flash crash (new traders should Google it) but JP has alerted me to perhaps start trading it again.

This chart shows a failed breakout and subsequent retreat. Ket levels can be seen in the chart.

The CHF along with the JPYT are two of the most sensitive currencies to moves in US interest rates although respective central bank risk is in the opposite direction. . The SNB is seen as the most likely CB to cut interest rates first while the market is waiting for the BoJ to finally raise rates.

[SF Monedge]

JP – It’s a Great White Soros.  They’ve been around for millions of years.  One of them crashed Sterling decades ago.  They lurk in murky water.  Side note, am short Norwegian Krone/Yen now.

[Mtl JP]

thing is … on Friday afternoon especially , one never knows what kind of shark is lurking for their opportunity and waiting, bidding their time . they are usually highly secretive and elusive and sly and not into sharing

[Mtl JP]

or laying a trap lololol

[Mtl JP]

sf – 8836 —- somebody sneaki is onto me / u

[SF Monedge]

JP – I already took the money on the earlier UsdChf sell andam flat. Looking for another pop above 8840 next week to short again if deemed viable.

[Mtl JP]

usdchf 8840 ish is making a H&S structural shoulder on the hourly.

I like H&S plays. IF n when 8840 breaks down and holds as Res then measured trgt is 8786

[Mtl JP]

USDCHF 8843
looks like it is basing around here and so stretching the 8889 – 8843 GAP thusly

still above its previous approx 8815 top of old range

[Mtl JP]

SF / hail yellen !
“The U.S. national debt is rising by $1 trillion about every 100 days” – cnbc

[Author]

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