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[Belgrade Bobby]

USDJPY – Week Ahead

Yen is losing it’s ground last 7 weeks, with some sudden waves of strength here and there, mainly coming from Japanese officials blubber (seems to me that they just want to keep it steady and slow – the decline) .

Resistances at: 150.900, 151.950 and target one in 154.000 area.

Supports at : 150.100, 149.900, 148.800 and the last one at 148.450

Major levels of interest right now are Supp 149.900 and Res 150.900

Not much data in coming week, but check it always in Economic Calendar

 

[Mtl JP]

Feb 16 10:16 Caribbean! Rafe… “I said… keep buying paper…”
a quick look at long-term govvy bonds (iShares 20 Plus Year Treasury Bond ETF (NASDAQ:TLT) is down over 9% y/y year.
Feb ’23 $101 vs 92.75 current

[Mtl JP]

Elvira Nabiullina, Bank of Russia representing President Putin VS Janet Yellen, US Sec of the Treasury representing President Biden

• Says leaders see value of tapping ‘economic value’ of assets
• Treasury chief also urges House to pass aid bill for Ukraine

Yellen had lunch with ECB President Christine Lagarde Monday in Washington and met with German Chancellor Olaf Scholz last week alongside President Joe Biden.
“These are topics I’ve discussed,” she said. “I’m not going to elaborate on private conversations, but all of us recognize that an ongoing, committed support for Ukraine is essential.”

Yellen DFiscussed Russian Asset Seizure With European Leaders Bbrg Feb 14, 2024

Oh … and lest I forget about the “on the other hand” ….“There are a range of risks involved and potential adverse repercussions, and we’re studying those very carefully and thinking through how these can be mitigated,” Yellen said

[Mtl JP]

honest vs truthful, cont’d …
–
trading forex raises another issue, namely that of
using people as means or as ends i.e
using others to meet one’s needs

some ponderables:
– is one trader’s relationship with the market about shared goal(s) ?
— is singular trader asking what and how can the market do for me bad if not immoral ?

[Mtl JP]

9:57 Caribbean! Rafe… / honest means not telling lies
truthful means telling the whole story. willingly I want to add.

what do you think: is my post honest or truthful ?

[Belgrade Bobby]

EURUSD Week Ahead

Resistances at : 1.07900 , 1.08350 and 1.09250

Supports at : 1.07400, 1.07200 and 1.06950

Pattern wise, Resistance at 1.07900 should Hold, and Down move should continue…but is it going to happen like that this time ?? Well, this Down trend that started on 27.12.2023. doesn’t have the usual angle for it…although it is very similar , still…makes me cautious…

1.07900 is The Major point right now, as break of it would lead the pair straight to 1.09250 , even 1.09400 . Mind you, we would still be in Sell mode !

Now let’s talk about the Ideal development – Res at 1.07900 holds it’s ground – we have a sharp drop to 1.07 area and continue down , with the 1.05600 in cross hairs.

So let’s see how it develops on Monday….

 

[Belgrade Bobby]

Any politically motivated act , that undermines International Laws is plain Wrong.

It is one thing to confiscate a property of a known criminal , Dictator and such, but a country’s CB funds….that is a Pandora’s box , and it is open wide now…

There are procedures that MUST be followed , or we’ll have a world of lawlessness , where the one with the biggest club is always right, without any chance for small countries to survive.

International Court has to be the place to settle such issues….Sue them ffs, and if found guilty , rip them off…

Politicians just follow the inertia of the moment, love the publicity that it brings them and happily share their so “wise” thoughts over social media. Clowns that rule….

I totally agree that Russia has to pay for the mayhem and suffering they induced on Ukraine , but it has to be done through the proper channels .

Everything is allowed in the war, but actions like this one will spill all over….If they can do this to them…OMG , what are they going to do to me…that is the question to be asked….

[Mtl JP]

Elvira Nabiullina, Bank of Russia
–
“Essentially, (confiscation) is a breach of the basic principles of central bank reserve protection,” Nabiullina said. “In international law, this is one of the key, basic principles of immunity of central bank assets from coercive measures of seizure.

“In our view, deviation from this principle, will lead to the, albeit gradual, undermining of the system of international finance and the position of reserve currencies in the world.”

Confiscating Russia’s assets would send negative signal, says central bank Reuters, February 16, 2024

[Mtl JP]

who is jamie dimon
–
JPMorgan reported $49.6 billion of net income last year, beating its own record set in 2021.
That marks a higher annual profit than any other firm in US banking history, per Bloomberg.
The bank attributed the record results to a surge in interest income as rates rose through 2023.
a Jamie Dimon keeps winning. JPMorgan just booked a bigger annual profit than any US bank in history.

a celebrated and – maybe envied – banker

[Mtl JP]

EURO 1.0776 and 10-yr 4.281%
on my toy, NY close

to borrow from jerome & C0.: need more incoming data (hahaha)
but that is not how degenerate traders and animal spirits trade

[Rafe]

connected ?
–
Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power, and national security – Fortune 11/02/2024

12:10 PM Fed’s Daly: “Navigating Geopolitical Turbulence and Domestic Uncertainty”

Don’t know who’s jamie dimon and just read the name here a few times but nevertheless… That’s why I said… keep buying paper… if US markets lose anymore of their credibility then the world is headed for even more geo-political turbulence…

[Rafe]

February 15, 2024 at 10:38 pm #1658

JP// Truthful means normal I guess, truthful profile means clean reputation, honorable, respectable, being genuine etc…

Honest is not the word as that is a flawed concept I feel…

[Rafe]

They should have a free floating interest rate which can be traded as futures and on which we can have futures put and call options. That is if not so already.

 

 

[GVI Forex 2]

XAUUSD 4-Hour Chart

No change to the key levels posted yesterday

1995 support

2031 resistance

The only change is trendline is coming closer into play and trendline forming on upside.

[Mtl JP]

odds are
–
with euro frolicking with 86 – week’s open – one can not be surprised at some sudden wild price swings into the close

[Mtl JP]

EURO 1.0783
–
puppy s toying with week’s open price point
– close above would suggest more uP for the euro

[Mtl JP]

and markets zzs
–
Three rate cuts in 2024 is a ‘reasonable baseline,’ San Francisco Fed President Mary Daly says

Fed’s Daly says patience is needed to finish the job on inflation – By Greg Robb

[SF Monedge]

Our friends @GTWO3 are looking for EUR/JPY to turn lower from the 162.00 area as the rally from 12/27 is short covering rather than new buyers  …

[GVI Forex 2]

EURJPY Daily Chart

Testing res at 161.86

Question is can EURJPY make a run at…

Key res 163.71 and 164.30

To do so, either USDJPY would need to move sharply higher, EURUSD would need to move sharply higher, a combination of the two or EURUSD would need to lag a sharp move up in USDJPY. It’s simple algebra.

Whatever the case, given broader USD trends, it would probably take JPY weakness for the key EURJPY resistance to come into play.

[Mtl JP]

dally // potentially pretty heavy topic

could be interesting see what she will be addressing and in a relatively vulgarized fashion for peasants to understand, especially with regards to FED’s re/formulating its interest policy

[Author]

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