So now that lagarde’s ECB burped as expected I am looking at
US 10-YR 4.512%
Bund 10-YR 2.503%
UK 10-YR 4.544%
and the diference
then I also note that we are at month-end BUT so far I am not discerning any substantial shuffling of position mix
then I also note that president Trump may or not issue some spamkings to misbehaving Canada and arrogant Mexico
sooo, I am thinking degenerate traders are likely to wait n see over-the-weekend developments
I am biased but this time around I prefer to be on the conservative side about eurdlr
as I dont see much of a bull rally seeing as every dick and harry (and mary) are loaded long dollar from here to yingyang. If anything I d prefer eurdlr loose say a 100 pips from the current 104.3x
Pending Home Sales miss on downside… little reaction in bonds…no follow throiugh on USD data downtick,,… srocks backed off…..see our Econoimic Calendar
The time is exactly 2pm Nigerian time and gbp/usd is looking good. Th market has just consolidated for a buy at price 1.2437 and a rise (buy) is expected. If you look at the hourly chart you will see the last 2 candles standing next to each other. They buy candle which is the latest candle closes where the prior candle opened.
This needs to be studied in technical Analysis (price Action) to be precise. Where candles open and closes to a large extent determines where next the market is going. In this case, a new candle opens at price 1.24372. This is a continuation of the former candle which was a buy candle.
So i wil be buying gbp/usd at 2pm for a little upward movement and i will exit at price 1.24450. A few pips at a time is good trading. Don’t over elverage your Account and keep good money management skills of about 2-5% of your total Account.
A look at the day ahead in U.S. and global markets from Mike Dolan
With Federal Reserve policy likely paused until midyear and megacaps throwing up a mixed bag of results so far, stock markets stayed calm overnight as attention switches to European interest rates and a fourth-quarter U.S. GDP healthcheck.
Quarterly results from Microsoft (MSFT.O), opens new tab and Meta (META.O), opens new tab after the bell on Wednesday drew different reactions, with the artificial intelligence theme more broadly thrown into the flux this week by China’s DeepSeek revelation. Morning Bid: Megacaps mixed as Fed pauses; ECB cut and GDP up next