EURUSD Day Ahead
Looking at the Daily chart, seeing a Pattern emerging that is calling for further Upside move.
Support at 1.07950 and it is quite possible to be revisited tomorrow, so Buying at that level seems prudent, for the move to 1.08500 and even 1.08875.
Tomorrow we have some important data – check Economic Calendar –
Maintain Stops , avoid being dragged into the data !
all I am looking at is price re-action of the 10-yr
https://www.cnbc.com/quotes/US10Y
1D 1M settings
fwiw
JP – To explain my position on Trump vs someone else, I communicate with people across the country from all circles…the real estate fraud prosecution has no merit. There were no victims, and every bank approved the transactions in question and none have complained. Trump will appeal, which will go beyond the election process. His base is very angry, millions of democrats have left the party. Biden’s administration is an economic and national strategic disaster and done. It will be someone else.
and IF you have too much idle boring time on hand …
–
Joe Rennison in New York Times posits that
“Wall Street Is Already Placing Bets on the Biden-Trump Rematch”
Traders and strategists are thinking about all the ways that November’s election could alter the mood in markets.
anyone can point out the bets to me ?
tia!
monedge – players appear more idle than not ahead of aft’s minutes and nvidia report AFTER the bell hahaha.
you have to appreciate player sentiment in face of streched run … like everyone in a theater eyeballing exits just in case the crowd starts to rise and head for exits . I love tentions like this
re DLRx … dlr has low steam pressure in the tank. imo for it to rally it ll need some more new awsome incoming data.
in the meantime minutes will be made to make players still think that yes rate cuts are coming, just not yet anytime soon aaka May, and just waiting for more convincing data. so tame your horse, ya hear ?
DXY 104.10. In our model today above it is strength and below it is weakness. Usd/Chf is the most extended on a percent basis and has been moderately under pressure. Everything else is in the middle and could bolt either direction so they are good for buy/sell stops or waiting for some strong moves to exhaust. Preference for us is the stops. So best R/R at the moment (6:05 Pst) is long that pair from lower (currently 8795).
Maybe for lack of anything better to do I kinda like adding to silver longs or at least opening with less than a full allocation here. Regardless of whether NVDA beats (or not) maybe stocks correct for a couple months, bonds go down for the wrong reasons, and well, at the end of the day there’s still a lot of liquidity, and its gotta go someplace… Maybe consolidation from May last year sees upside resolution towards 26.00 over the next few weeks/months. Maybe…
Newsquawk US Market Open: US futures are lower ahead of NVDA earnings, NZD bid & Crude softer; FOMC Minutes due
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