[SF Monedge]

Our friends @GTWO3 are looking for EUR/JPY to turn lower from the 162.00 area as the rally from 12/27 is short covering rather than new buyers  …

[GVI Forex 2]

EURJPY Daily Chart

Testing res at 161.86

Question is can EURJPY make a run at…

Key res 163.71 and 164.30

To do so, either USDJPY would need to move sharply higher, EURUSD would need to move sharply higher, a combination of the two or EURUSD would need to lag a sharp move up in USDJPY. It’s simple algebra.

Whatever the case, given broader USD trends, it would probably take JPY weakness for the key EURJPY resistance to come into play.

[Mtl JP]

dally // potentially pretty heavy topic

could be interesting see what she will be addressing and in a relatively vulgarized fashion for peasants to understand, especially with regards to FED’s re/formulating its interest policy

[Mtl JP]

connected ?
–
Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power, and national security – Fortune 11/02/2024

12:10 PM Fed’s Daly: “Navigating Geopolitical Turbulence and Domestic Uncertainty”

[SF Monedge]

Knez – gtwo3.com

[SF Monedge]

I think Eur/Jpy is targetng 162.20 (long term balance point in our model which is repeatedly visited).  Perhaps not today but so far so good.

[Mtl JP]

DLRx 104.22 / Euro 1.0772

bonds definitely driving.

sidenote: that euro is upiddy makes me chuckle in light of earlier ECB yakker yakkings about june start of easing. hahaha

[SF Monedge]

Hi Knex…very skilled position oriented private futures outfit been at it 30 years

[Belgrade Knez]

SF Monedge

who are GTWO3?

 

[SF Monedge]

Our friends @GTWO3 remain of the opinion that March futures are bullish under 1.0750, as price decline from 12/28 high is longs liquidating, not new sellers

[Belgrade Knez]

good data not enough to keep dollar in an up direction

[Mtl JP]

DLRx 104.26 / 10-yr 4.2950

EURO 1.0769
in the s/t puppy s still in bull mode
especially IF it closes N of 1.0785

Sup 1.07

[Belgrade Bobby]

EURUSD 1.07200 is still The key that needs to be taken to unlock the continuation of the downtrend….

[GVI Forex 2]

Hotter PPI

Follow bond yields

[Belgrade Bobby]

Well, The data solved it all…for now….let’s see how we end up the day…

[Swiss Frank]

EUR: It’s bid on the crosses and offered against the usd. Cross plays are slightly winning for the time being….

[Belgrade Bobby]

EURUSD – looking at the chart bellow, and in my own station, I have to admit that time wise – Rule of Thumb –  there is a chance for the pair to break Up and change two months old trend ( Daily chart)

I am pretty sure that the solution will present itself after today’s data.

But what I also see is the fact that on the Monthly chart, the pattern suggests  that we are in the early stages of a New Downtrend creation, that if comes through will open the road for as low as 0.75 area…Lots , I know…

Of course this is not helping in our daily trades, but just wanted to shine some light on the issue.

What I know for sure ( from the experience ) is that we can break above that downtrend line, even spend some time above 1.08 , but if that happens , 1.09450 will come up as a next level for unloading the EUR….and then we’ll all see clear downtrend forming .

[GVI Forex 2]

EURUSD: Bid or Bid in an offered?

Daily chart

1.0789 = 100 day mva (light green)

1.0805 = top of last leg down also a daily trendline’

1.0824 = 200 day mva (yellow)

Support 1.0755-60

Key support 1.0723

[Mtl JP]

heading into NY session
–
US 10-YR 4.261% +0.021 / DLRx 104.14 lets call it “soft” / euro 107.80 edging uP

[GVI Forex 2]

Focus on US Data next

PPI
Housing Starts
Univ of Mich Consumer Sentiment (and inflation expectations)
Fed officials speaking

See our Economic Calendar

[Author]

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