[Mtl JP]

What you need to know today

The bottom line

CNBC Daily Open: Markets brace for Fed’s key inflation gauge Sumathi Bala, cnbc

[Mtl JP]

blink first
–
* On the basis of market expectations, the first G10 central bank to cut rates will be the Swiss National Bank.

* A significant majority of analysts expect the Bank of Japan to end its eight-year stretch of negative interest rates in April, along with its yield curve control policy.

Wall Street takes bets on which major central bank will blink first – Elliot Smith, cnbc

[Belgrade Bobby]

Lots of data today , some really important – Economic Calendar

[Mtl JP]

USDJPY 149.74
being subjected to gravity

prev close 150.66

******************************

US inflation data on deck today

[Belgrade Bobby]

EURUSD

Supp – 1.08300

Res    – 1.08500

Good morning

[Anonymous]

[Anonymous]

EURUSD
movement levels: 10805, 10837, 10870, and 10910.
Still active

[GVI Forex]

A look at the day ahead in European and global markets from Kevin Buckland

European investors are due for a super-sized helping of inflation data, with a side of bitcoin, on a day when Asian equities offered few trading cues and currencies were stable – with the notable exception of the Japanese yen.

Morning Bid: Inflation in focus, bitcoin buoyant

[Forex Cycle]

EURUSD Analysis: Sideways Move Continues, Key Levels to Watch

The EURUSD pair failed to break below the 1.0789 support level and has been moving sideways within a trading range between 1.0789 and 1.0887. This suggests that the pair is still in the uptrend from 1.0694, and the sideways move is likely a consolidation phase for the uptrend.

As long as the 1.0789 support level holds, the upside move could be expected to resume. A breakthrough of the 1.0887 resistance level could trigger further upside movement towards the 1.0950 area.

On the downside, a breakdown below 1.0789 would confirm that the upside move from 1.0694 has already completed at 1.0887. In this case, the next target would be at 1.0750, followed by 1.0694.

[SF Monedge]

Good, trailing stop took care of the buy.  Now better levels materialize.

[Mtl JP]

yen players are squeezed by yaks from Boj on one side and Min of Finanace on the other

tanaka is a BoJ type i.e should be cool on rate hike

[SF Monedge]

Slightly positive data from Japan barely moved Yen.  Status quo.

[Mtl JP]

eye on the president
“no new concerns” (just the old ones eh doc?)
–
Biden’s doctor says there are no new concerns with the president’s health and he remains fit to serve

…”“The President feels well and this year’s physical identified no new concerns. He continues to be fit for duty and fully executes all of his responsibilities without any exemptions or accommodations,” O’Connor wrote” …

My hunch is joe will be POOF by may, at latest by june.
just a hunch

[SF Monedge]

151 and 150.10 is the battle ground.  I am positioned long, looking for a move up, if not will take the money and get in lower toward the figure.

[Mtl JP]

USDYEN 150.59
–
on deck:
18:50 ret sales
18:50 indt’l production

takata yaks at 20:30 (I do wonder who knows already what he ll yak)

[Mtl JP]

darn … trading on politicians is not my prefered theme
they are slimey and therefore slippery
–
“BREAKING WSJ
Congressional Leaders Strike Short-Term Deal to Avert a Partial Shutdown
Top lawmakers agreed to vote on a temporary funding patch that would allow more time for spending negotiations.”

[Mtl JP]

TG you could not tighten up the “inevitably” a bit could you ?

tia ..”o”..

[SF Monedge]

See UsdChf likely targeting 8850 inevitably.

[Anonymous]

EURUSD
movement levels: 10805, 10837, 10870, and 10910.
___________________________________
10837 Reached from 10805
It closed below 10837, so 10805 will be the next unless it closes above 10837 and keeps above it.

[Belgrade Bobby]

EURUSD  4h

Resistance at 1.08500 – if rejected at it, we are going in maybe not very deep correction, but still a correction phase for at least 24h.

But if 1.08500 gives a way, just to be stopped at either 1.08650 or 1.08900, we are going slowly to turn Down.

Support at 1.08300 and 1.07850 – bellow which we target 1.07000 and the whole previous Up move becomes questionable.

Close tonight above 1.08300 calls for retest of previous high, but not more than that…and that is my experience, instincts and pattern recognition talking.

 

[Author]

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