[Belgrade Bobby]

I am using Daily charts when giving a general direction and sometimes even Clear signals, but for those you have to wait sometimes for days…

It is possible to trade DAX, Gold, Bitcoin on small time frames, but I use very small time frames…15 min and smaller.

But be aware that only high liquidity pairs are behaving nicely….

[Alex Lugano]

If you follow what is Bobby saying about it, you will see that he is not using 4h charts or any smaller time frames for DAX, Gold and such…it is very difficult to figure out intraday moves on those

[GVI Forex 2]

EXT UP:

Investors see an 87% chance the BoC will cut its main policy rate by 25 bps from 3%, the latest after two percentage points of easing since June.

[Alex Lugano]

Adam if DAX doesn’t go above 22.860, next move will be down…you have to wait on 4h to see the pattern forming and then go with it…not placing yourself in front of the speeding train 😀

[Adam Global]

Any1 who can help

Dax has been killing me since last week

Came from -$67  now its -$32

where to now from here since trade war is still on n stockes are falling

[Adam Global]

Gold still consolidating 

[Adam Global]

usdjpy is still inside the trendline

150.00 is still holding on

[Alex Lugano]

XAU/USD: Gold Sits Steady Above $2,900 as Focus Shifts to Looming Inflation Data
Key points:

·         Gold prices hug flatline

·         Inflation report looms

·         Where are rates going?

Gold prices  XAUUSD held steady around $2,915 per ounce Wednesday morning with traders getting ready to be hit by the latest inflation report out of the US. Gold bugs can’t complain — their shiny stuff is doing numbers on the chart and the upcoming inflation data could stir things up even more.
The consumer price index  USCPI dropping today is expected to show prices increased 2.9% in February. Oddly, analysts expect to see a pullback as January’s inflation pace was 3.0%.
If inflation turns out to be higher than expected, then the Fed might reassess its plans of cutting borrowing costs. Some analysts go as far as to predict that inflation could soar so much the Fed could be prompted to hike interest rates.
Rates staying where they are or even possibly moving higher could be detrimental to gold, because it’s a non-yielding asset and it may lose its appeal as a safe-haven in a market environment of higher interest rates.

[Alex Lugano]

ECB Facing ‘Exceptionally High’ Levels of Uncertainty, Lagarde Says

The European Central Bank is confronting a new, more volatile world in which it must combine agility in responding to shocks with clarity in outlining how it is likely to react to a range of possible outcomes, President Christine Lagarde said Wednesday.

Much of that new volatility was traceable to U.S. President Trump’s administration.

“Established certainties about the international order have been upended,” she said. “We have seen political decisions that would have been unthinkable only a few months ago. Our expectations have indeed been swept aside in the last few years, and in the last few weeks in particular.”

[GVI Forex 2]

Just in case:

EURUSD SUPPORTS BELOW 1.0878-82

1.0835

1.0804

1.0764

[Belgrade Bobby]

DAX – GER 30

DAX rebounded straight to the Resistance at 22.860 ( a bit short of it) and it is not out of woods.

To have a sustainable move, it has to test the support again at least , and if holds it can go Up.

Close below 22.860 will be Bearish and we should see that test of 22.250

If DAX continues to try Up , this is going to be one big Top, and then you know how it goes…down for weeks if not months…

So, I would like to see deeper correction in coming days, in which case it would be able to regain the strength and continue Up.

[GVI Forex 2]

I can’t resist posting this EURUSD chert… 15 minute candle post-CPI range 1.0931=1.0878

A solid move below 1.0880 would be needed to cool the upside and confirm a pause.

 

[GVI Forex 2]

CPI softer than expected BUT 10 year yield higher at 4.312%

[GVI Forex 2]

US 10 YEAR YIELD TOCKING HIGHER (4.305% PRE-cpi)

[GVI Forex 2]

US OPEN

US equity futures higher & USD incrementally gains ahead of US CPI; JPY modestly lags

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4    Things You Need to Know

·     European bourses are in the green as sentiment in the complex improves; US futures are also higher with the NQ slightly outperforming.

·     USD is a little firmer ahead of US CPI data, JPY lags peers.

·     Bonds are bearish overall amid supply, inflation updates & German fiscal developments.

·     Oil and base metals firmer, gold trades sideways ahead of US CPI.

Try Newsquawk for 7 Days Free

 

[GVI Forex 2]

10 year yields snapshot…Germany up, US flat (but above earlier in week low below 4.20%)

[GVI Forex 2]

Reuters headline

Forget threats the tariff war is underway

[GVI Forex 2]

Thinking out loud— looking for reasons to explain the weaker JPY

Will the BoJ hold back on raising rated Given the chaos and uncertainty in global markets.

Aldo, March 31 is the end of the Japanese fiscal year, which used to be seen as an FX factor but I have not seem it talked about in recent years.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – In the background

Remains in the background and still trading in the upper half (i.e. above 2881) of its 2832-2930 range.

Expect more chop unless 2930 is firmly taken out but with a bid if it stays above 2900. .

[GVI Forex 2]

Using our Fibonacci Calulator for USDJPY 151.30-146.54

 

[Author]

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