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[GVI Forex 2]

Data

A small dip in US weekly jobless claims is expected.

See our Economic Calendar

[GVI Forex 2]

USDJPY daily chart – break of last month’s 148.80 high makes this level a key support

 

[Mtl JP]

US 10-YR  4.113% +0.015 ; FED rate: 5.25

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‘The Federal Reserve is now in sync about pushing out rate cuts’: Nick Timiraos The Claman Countdown  Feb 07, 2024

[Swiss Frank]

[GVI Forex 2]

EURJPY 4 hour chart trying to break out to the upside (carry trades?)

 

[Mtl JP]

fwiw

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China  Lunar New Year holidays:   Feb. 9-17

[GVI Forex 2]

EURCHF Weekly

[Mtl JP]

concerns …

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…  the booming jobs report released Friday, fueled investor worries that rates may stay elevated for much longer.

Wall Street will now look ahead to the swath of Fed speakers this week. Perhaps they will shed more light on the path for rate cuts.

CNBC Daily Open: Wall Street anxious over Fed concerns ( CNBC Daily Open …  <strike>international</strike> <i>irrational</i> markets newsletter.

[Mtl JP]

DLRx 103.99

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Collins says (could ≠ will)

– “Inflation is getting close to 2%, but Fed needs more proof it can stay there”  and that interest rates cuts could come “later this year.”  (wednesday yak keeping naive peasants’ flame of hope alive)

later today:

8:30 – barkin

8:30 – jobless claims

 

[GVI Forex 2]

USDjPY (firmer today)

I don’t have the exact comments but read that dovish comments from a BoJ official suggested that policy normalization will be gradual.

Nothing new in the comments  but reaction is what matters.

[Belgrade Knez]

[Belgrade Knez]

EURUSD trading below 1.0780 (breakout level) but supported with Dec low 1.0723 …. once that gives way, looking for Nov low at 1.0656

 

[Swiss Frank]

Anyhow…. CHF weakness, Yeah carry works in favor of chf weakness. Behind that is SNB recent communiques indicating chf strength has served its purpose. Maybe they haven’t fully embraced that they want immediate weakness but call it a suggestion. Behind the behind is that Swiss inflation is lowest among the big boys coming around or below 2% which puts them ahead in the crawling race to shift policy. CHF/JPY is a trade a lot of people are watching (selling chf buying jpy to be clear). BOJ when it gets around to it most likely will move in the opposite direction by backing away from yield curve control.

Levels to watch in the absence of being able to post a chart ->
eur/chf the downward sloping trendline on the weekly that currently comes around .9550.
usd/chf -> weekly .9200 daily .8820-.8850

See how….

[Swiss Frank]

Chart posting not working.

Or I’m an idiot.

Or both…

[GVI Forex 2]

EURCHF 4 hour chart

[Belgrade Bobby]

Public asked for it, we deliver 😀 On the right…a little box, click on it and post a chart

[GVI Forex 2]

This was posted by one of our long time GV members right after we launched our redesigned website less than 2 weeks ago

Good evening…

Finding your way on an empty road is sorta spooky. It’s kinda like EUR/USD that way.

It’ll be easier to navigate this place after more people sign on and post some messages.

[GVI Forex 2]

Another quiet data day on Thursday.

US stocks at record highs.

FX in background

Mixed USD suggests carry trades orcas SF said CHF selling.

[Mtl JP]

R-aaaa-aah-yght !
–
“Rate cut timing ‘difficult to foresee’ amid inflation pressures: BoC deliberations”
The Canadian Press, February 7, 2024

[GVI Forex 2]

Carry trades?

[Author]

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