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[Mtl JP]

Canada $
–
fwiw dec inflation printed 3.4%, current expectation by “experts” for january reading is 3.3%

[Mtl JP]

gaming trade opportunity coming up in a bit more than 2 hrs
–
USDcad 1.3484
08:30 – canada inflation

BoC s been making smoke sigbals that any enthusistics about early int rate cut are mis-placed

[GVI Forex 2]

No EURUSD impact

ECB data shows a 4.5% y/y change in negotiated wages in 4Q23 vs 4.7% y/y in the 3Q23

[Belgrade Bobby]

EURUSD

Downtrend line from 28.12.2023. broken !

Support zone 1.07700/800

Resistance 1.08058

 

[GVI Forex 2]

So attention is on the European Central Bank is set to release its measure of negotiated wage rates.

It is not on any economic calendar but is attracting attention.

[GVI Forex 2]

A look at the day ahead in European and global markets from Tom Westbrook

Europe’s central bank has singled out wages as the single biggest risk to its crusade to contain inflation. Fourth-quarter negotiated wages data likely headlines the trading day.

Morning Bid: Wages will test wagers on rates

[SF Monedge]

Usd/Jpy – We expect the pair to maintain an overall bid bias into and perhaps continuing tomorrows US session.  Some volatility and swings expected of course.  It is quite possible that the pair continues the bid tone into US data and retests the 149.90 before resuming upward.

[Forex Cycle]

USDCHF Analysis: Uptrend Continues, Resistance and Support Levels

The USDCHF pair is currently above a rising trend line on its 4-hour chart, indicating that the pair remains in an uptrend from 0.8550.

As long as the trend line support holds, the pullback from 0.8885 could be seen as consolidation for the uptrend. A breakthrough of the 0.8845 resistance level could trigger another rise to test the 0.8885 resistance level. A breakthrough of this level would aim for the 0.9000 area.

The key support level is located at 0.8782. Only a breakdown below this level would indicate that the upside move has completed at the 0.8885 resistance level already. In this case, the pair would find next support at around the 0.8650 area.

[SF Monedge]

JP – give it 10 days and most of them will sing the same different tune lol

[SF Monedge]

Our friends with Gtwo3.com are of the opinion that Euro Futures are on a buy-only status around current levels; the Euro should not be shorted at this time  …

[Mtl JP]

ROFL …. please someone tell me
that there is no co-ordination, that I am a hallucinating conspirationalist:
–

Summers: “Meaningful Chance” That Fed Might Hike Rates
YouTube · Bloomberg Television 3 days ago

Rate Hike May Be Fed’s Next Move If Growth Picks Up
4 days ago — (Bloomberg) — The Federal Reserve’s next interest-rate move could be a hike — rather than a cut — if the US economy reaccelerates …

[GVI Forex 2]

USDCAD 4-Hour Cgart

Why am I posting a USDCAD chart?

There is a very light economic calendar on Tuesday except for Canada CPI.

Looking at this chart, there is a broad range near 1.34-1.36 (1.3412-1.3585)

So it is no wonder the pair keeps gravitating towards the 1,35 midpoint.

Rising trendline offset by falling resistance lines (blue).

Whatever the case, expect some volatility around the CA inflation report but only a break of 1.34-1.36 would be significant/

Visit our Economic Calendar

[Belgrade Bobby]

The pair got itself in the triangle , with clear Resistance at 1.07850 and Support at 1.07600
Buying above Res and selling bellow Supp is an easy deal…but you have to implement S/L in the right place
If Selling, S/L above 1.08000
If Buying S/L bellow 1.07500
Calculate your stop and multiple it with at least 1:3 – that should be your desired profit

[Mtl JP]

Rafe … Everyone’s trying to make it in the world
some are just better at it:
–
Goldman Sachs CEO Solomon gets 24% pay bump to $31 million
(Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said

[Belgrade Bobby]

Re : Inflation – isn’t it clear that politicians are playing in line with the public opinion ( at least on the surface and in wording) , and two types of public are in the play :

Your ordinary Joe , that suffers under the weight of increased prices for basic needs – he needs to hear that rates are going to go down, which for him means same as : Prices will go down….and that is a pure crap….better tomorrow…similar to religions offering it in the afterlife.

Second group is made of so called “experts” , and those are mostly mediocre , running on the wave of past performance and constant need for things to change every now and then…or ffs how they gonna be able to give interviews, be so clever and smile into the camera…and of course, most of them would like to be Loved by the public…so similar to politicians…

Reality is that Inflation is here to stay for unforeseeable period – even if all the reasons behind it are dealt with, some new ones are not only coming, but are promised – like electrical vehicles, ONLY…how is that going to reflect on prices of transportation, logistics, and then spill over all the sectors of industry, trade, services…who’s gonna pay for that..Von der Layen , Biden, Chancellor Olaf Scholz  …naaah…don’t think so…

Also, trying to base our expectations on those of the market players might only screw us up….

Watch your charts, your 6 and keep your head above the water and out of the box 😀

[SF Monedge]

JP – I have a close friend who is one.  They absolutely will.  The economic impact would likely remain local but there could be some minimal effect on a larger scale imo.

[Mtl JP]

SF – what do you think about the potential of truckers boycotting deliveries to NY city ?
food, fuel, medicines etc etc

[Mtl JP]

while waiting for one side to stomp over the other
some boredom relief : a Waffle Stomp – Joe Walsh
at thy discretion

[Mtl JP]

the so-called inflation fight is not about some price level
it is about the rate at which prices are rising (higher price over month, over year)

[SF Monedge]

JP – The Fed cutting rates any time soon is amounting to a window into how confused people are, even analysts.

From Moody’s Analytics: “While inflation has fallen considerably from a peak of 9.1% notched during June 2022, it remains well above the Federal Reserve’s 2% goal. Additionally, when compared with January 2021, prices are up a stunning 17.6%.”

“The cost of necessities like food, gasoline, rent and child care remain far more expensive than they were just one year ago. Chronically high prices are forcing Americans to spend about $650 more per month than they did two years ago, according to a recent estimate from Moody’s Analytics.”

 

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