I was just asked how do you know there is a real money sell order in the JPY?
My reply:; It’s like a tug-of-war with the USD caught in the middle
When yiou see 2 currenies move in oppodite directions vs the USD, (e.g. buying EUR and GBP, selling JPY)you can assume there is “real money” buy or sell order in the cross.
do you have an addiction weakness
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Coming to a store near you: double-digit coffee price hikes
March 27, 2025 7:25
Summary
Companies
Consumers face price hikes of about 20% in next weeks
Roasters reeling as raw bean prices double
After 21% hike, Brazil’s 3 Coracoes raises prices by 14% – document
Supermarkets pushing back against hikes as shop shelves emptying
LONDON/NEW YORK, March 27 (Reuters) – If your favourite coffee beans have vanished from the shelves, don’t worry – they will return soon. The bad news is they will be up to 25% more expensive.
US OPEN
European bourses hit on auto tariff rhetoric, DXY mixed vs peers while EGBs & USTs diverge
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.t
6 Things You Need to Know
The US is to impose 25% tariffs on all cars made outside of the US effective on April 2nd
Trump reiterated that reciprocal tariffs are also set for next week but stated they will be lenient
Updates which weigh on European equities with Auto names lagging, US futures mixed/firmer
DXY mixed with GBP outperforming in an attempted recovery from Wednesday’s action while JPY lags
EGBs and USTs diverge as they focus on growth and inflationary implications of the latest rhetoric respectively
Crude benchmarks lower, TTF choppy, XAU gains and base metals slip
This is 11AM Nigerian time and the day is bright. GOLD (XAU/USD) is at price 3040. The market is set up for a bullish run . It reached to a high at price 3038 this early morning before retracing. it went bearish to the price range at 3026.62 and has since begun an upward movement. it is at 3040 area now and ready for a fresh bullish movement to price range at 3042.
Let us take a few pips and save the money in the bag. A 1-5% profit target should suffice. Don’t over leverage your Account. A word is enough for the wise.
Thsnks,
TOPNINE.
Using my platform as a HEATMAP shows
… the dollar trading mixed to lower after aextending its upside in early trading.
EURUSD range 1.0733-1.0787 so…
…if -.07 does not trade then a 4 day pattern around this level will be broken (bearish indicator).
Approaching month/quarter end rebalancing said to favor dollar buying.
XAUUSD catching a bid
Relatively light calendar
U.S. weekly jobless claims, final Q4 GDP revision, pending home sales
Otherwise it remains a Trump and tariffs headline driven market
USDCAD 1.4278
RTRS Canada will react to Trump’s ‘attack’ soon, could impose tariffs, says Carney
OTTAWA, March 26 (Reuters) – Canada will soon respond to new tariffs on imported vehicles announced by U.S. President Donald Trump and could impose retaliatory measures against the United States, Prime Minister Mark Carney said on Wednesday.
Summary
Canada could impose retaliatory tariffs against US, Carney says
Carney to convene cabinet meeting for response strategy
Ontario Premier Ford advocates strong response to US tariffs
Carney said Trump’s move was “a direct attack” and told reporters he would be convening a high-level cabinet meeting on Thursday to decide on a response.
“We will defend our workers, we will defend our companies, we will defend our country, and we will defend it together,” he said
we … yeah
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