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[Belgrade Bobby]

I agree Knez on the possibility of 1.07500 if they manage to turn it up…at all

[Belgrade Knez]

as Bobby said 1.0695 is support to be broken for further down move, but also daily open at 1.0709 is one to show direction ….. below DO attack on daily low, above more up move to possibly 1.0750

[Belgrade Knez]

This was December PPI just released !?!? ….. hence no any impact …… don’t even see reason of heaving it when one was released already in January ….. on Friday we have January PPI so it will have impact on market

[Swiss Frank]

It seems now we wait for mean to revert to price with some degree of vice versa. Next employment number is when?

[Swiss Frank]

To me it all comes down to this:
1. Interest rates don’t matter when inflation is supply driven.
2. Who really knows what R* is, because it matters.
3. It’s all about the rho (expectations)

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan
If the U.S. economy is still so strong that robust demand won’t allow inflation to return to the Federal Reserve’s 2% target, there’s an outside chance the central bank may struggle to cut interest rates at all this year.

Morning Bid: ‘No Landing’ scenarios swirl as markets recoil
Reuters

[Belgrade Bobby]

EURUSD 1.06950 important – need to take it out to continue slide

[Belgrade Bobby]

Different data on Friday – Today MoM- Friday YoY

[Belgrade Knez]

Just looked at the calendar again and PPI that shows to be due in about 90 min, I have on different calendars stating to be due on Friday and not today!!!!!

[Belgrade Bobby]

Knez- this is correct Calendar – got confirmation from my broker

[Belgrade Knez]

very strange that economic calendar in here showing USA data to be released today when it doesn’t show on many other calendar that I use!!!!

[Belgrade Bobby]

EURUSD

The pair behaved on the dot in last 24h.

Now what we have next…for the move to continue Down, it has to stay bellow 1.07100 !

1.07200 is of course the Major resistance , but for the slide to continue in coming hours we need that 1.07100 to hold.

As you can see from the chart, the target is in 1.05900 area – Do Not be overly greedy.

We have today some interesting data – Economic Calendar – stay away just prior to it !

Happy hunting.

[GVI Forex 2]

GBPUSD

At this time yesterday GBP was the strongest currency.

Today it is the weakest.

Catalyst: UK Jan CPI was unchanged vs. forecasts of an increase

GBPUSD 4-hour chart

1.2518 = major target/support (then psychological 1.25)

1.2536 = last line of defense ahead of 1.2518, low of the day, tested

Resistance 1.2571-1.2611

[Belgrade Knez]

Bobby, I am not holding my trades for long time but trading in the direction I see it on chart ….. for now shorting on every up move

 

[Belgrade Bobby]

Knez, have you been short…tell me you have 😀

[Belgrade Knez]

time for EU to test 1.0656 

[Forex Cycle]

EURUSD Analysis: Break Below Support and Potential Further Decline

The EURUSD pair has broken below the 1.0723 support level and extended its downward movement from 1.1139, reaching as low as 1.0700.

Based on this development, it is likely that further decline could be expected in the coming days, with the next target area around 1.0670, followed by 1.0600.

The initial resistance level is located at 1.0750. A breakthrough above this level could lead to a retest of the 1.0805 resistance level. If this resistance is surpassed, it may trigger additional upside movement towards the falling trend line on the 4-hour chart.

In summary, the EURUSD pair has broken below key support levels, indicating a potential continuation of the downward trend. The next targets for decline have been identified, while resistance levels have also been highlighted for potential retracements.

[GVI Forex 2]

USDX (US Dollar Index

If you don’t trade it, why do traders track the USDX?

With the EURO representing 57.6% of the index, it can be used as a quasi EURUSD as the correlation between EzURUSD and USDX is very high.

USDX Daily Chart

New high for the year.

Trend = strong up (note rising red lines)

Targets at blue lines as long as the most recent ted Lind holds ax support

(contact me to learn more)

1.0694

[GVI Forex 2]

EURUSD

Invisible hand in the dyke at 1.0700

[Mtl JP]

DLRx still only 104.78
–
time for some FIB level targeting (on the daily) ?

[Author]

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