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[GVI Forex 2]

EURUsd 15 MINUTE – ONE WAY STREET

As the chart shows it has been one way since tHe no reaction to the PCE report…s0 far 1.0820 is hilding on top, more significant level is 1.0830

[GVI Forex 2]

U of M final consumer sentiment revided down, inflation expectations revised up… see our Economic Data Calendar

Long-term inflation expectations are at a 32 year high

[Mtl JP]

what if bloomberg is willing (or not) purveyor of some hoax or rousse

[GVI Forex 2]

We will see whether the EU definition of concessions matches Trump’s view of it but for now it has eased some of the risk… Key levels 1.0820-30 so far untouched

[GVI Forex 2]

EURUSD pops briefly above 1.08 on this headline… conspiracy theory says someone had the inside scoop on this given the way EURUSD traded bid ahead of it

 

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[Belgrade Bobby]

EURUSD 1H Chart

[Belgrade Bobby]

EURUSD – Let’s see now how 1.07800/850 holds

[GVI Forex 2]

Higher core PCE… no reaction

[Belgrade Bobby]

And Explanation about Retest – Daily Chart and typical example

[Belgrade Bobby]

EURUSD 4h

1.08200 proved to be a strong Resistance yesterday.

Hence: Close tonight below 1.08000 ( preferably below 1.08900) would be Bearish for tomorrow.

EURUSD Opened just below 1.08000

And that was a typical “Retest” and not re test – English and literature 101 has no place in Trading.

Resistances: 1.07800, 1.08000 & 1.08200

Supports: 1.07600, 1.07450 & 1.07300

4H chart

 

[GVI Forex 2]

US OPEN

US futures approach PCE in the red following the overnight tone and further risk aversion from earthquakes in Myanmar; Carney to speak with Trump today

Good morning USA traders, hope your day is off to a great start! Here are the top 6 things you need to know for today’s market.

6 Things You Need to Know

European bourses and US futures approach PCE in the red following the overnight tone and further risk aversion from earthquakes in Myanmar

Canadian PM to speak with Trump today; EU has mentioned Apple, Meta and PayPal as part of any potential tariff response

DXY attempts to claw back Thursday’s pressure and is firmer vs peers ex-JPY, which is the best performer after Tokyo CPI

A firmer start for fixed benchmark ahead of US PCE and any tariff/trade developments, no move to the morning’s prelim. HICP figures

Crude choppy, precious metals underpinned by the tone while base metals are lower

Geopolitics in focus amid updates on Panama, Ukraine minerals deal and further damage to the Sudzha station

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[Mtl JP]

104.14 my version of DLRx
making 2x top atm

[GVI Forex 2]

HEATMaP is only a snapshot in time… dollar u=is uop now vs all but USDJPY, which is ell off its low.

There may be a reaction to PCE but tariffs will make it a new ball game for those looking ahead.

[Mtl JP]

heatmap “the dollar trading firmer except”

is rather historically aligned with end-of-month theatrics by money managers
usually favoring the dollar

[Mtl JP]

thks to cnbc bi-line

“February’s personal consumption expenditures price index is due at 8:30 a.m. ET and could confirm whether investors should be concerned about sticky inflation, especially after the Federal Reserve recently raised its inflation forecast. Economists polled by Dow Jones see the headline PCE price index reading rising 0.3% in February and 2.5% from 12 months earlier.”

10-yr 4.33 dowm a tad

[GVI Forex 2]

Correlation

USDJPY seems to be correlating with the riwk on/off mood

US stocks bounced off the lows, USDJPY did the same.

[GVI Forex 2]

XAUUSD DAILY CHART –    What’s the next target?

New record high… next target is only a guess (3100)

Now needs to hold above 3050-57 to keep a strong bid,,, only back below 3048 would negate the risk.

[GVI Forex 2]

Using my platform as a HEATMAP shows

.. the dollar trading firmer except vs. the JPY, a reversal of what wax seen at this time yesterday as mood turns to risk off  (and an unchanged GBPISD… weaker EURGBP)

What caught me eye:

USDJPY came within 10 pips of 151.30 and then went into retreat

EURUSD printed 1.08 (6th day in a row) but no higher

XAUUSD at a new record high

Tame EZ flash CPI

UK retaik salea beat

Looking ahead

Key data focus will be on US PCE

Monday is month/quarter end

Wednesday is reciprocal tariff day

Spring forward for clocks this weekend

 

[Mtl JP]

Carney says Canada cannot rely on U.S. any longer and must achieve ‘economic autonomy’

such as thusly:
““Over the coming weeks, months, and years, we must fundamentally reimagine our economy,” Mr. Carney said. “We will need to ensure Canada can succeed in a drastically different world. The old relationship we had with the U.S. based on deepening integration of our economies and tight security and military co-operation is over.”

carney’s assertions

[Mtl JP]

usdcad 1.4313
marc carney, sofar current canadian PM explaining and predicting things about president Trump’s tariffs:

Canada election: Carney says ‘nothing is off the table’ to fight Trump’s tariffs

we will … blablabla … roar

[Author]

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