[EUR] The Euro Preparing the Upward Trend 2022 1213

EUR/USD four-hour chart, source:FXDD.com

 The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position in Forex market and just watch the market now.

The currency pair EUR/USD fluctuates in the plain Bollinger Bands since December. The currency pair has raised the bottoms below the parity and sidles before the book-closing month.

But the pair keeps the bullish trend and it seems to be valid to keep the bullish bias on the euro.

The U.S. consumer price index, CPI is released and the FOMC decides the benchmark interest rate in this week. The Europe benchmark rate is shown in the week and the currency-policy meeting by the European Central Bank, the Bank of England and the Swiss National Bank, respectively is hold, too.

The planned economy events made the market fluctuates quietly.

But the Japanese Yen dropped against the U.S. dollar as the U.S. bond yield rebounded.

The market participants expect the FOMC will hike the rate big-step not giant-step in the week as Jerome Powell, the Fed Chair hinted the rate-hike pace control. The CME Fedwatch anticipates the benchmark rate is hiked 50bp with 74.5-percent possibility.

It is reported, the market watches the final goal of the rate not how much hike because the final goal hints how long the tightening policy is effective.

The CPI in November released on Tuesday gained the interest. It may give the clues of the Fed's tightening policy. The market expects the CPI in November may rise 0.2 percent on the previous month and 7.3 percent on the last year.

Janet Yellen, the Secretary of the Treasury anticipated the U.S. inflation would be ease in the next year at the interview of the U.S. broadcasting.

But the ECB, European Central Bank and the BOE, Bank of England would be still hawkish at the meeting, the Yonhap Infomax reported on Tuesday. It reported, the market expected the big step or the giant step of the ECB and the big step of the BOE.

It is reported, the rate will be hiked 125bp and 150bp by the ECB and the BOE, respectively in the next year. The Fed is expected to hike 60 bp.

The senior analyst, Joe Ferry at Forex.com watched the weak dollar showed the market prospected the eased inflation. He said, the market listened Jerome Powell's comment of rate-hike pace control and it was reflected on the prices.

The time goes to end of the year. The traders begin to close the book and prepare the next year. We need to watch the market as book-closing view.

-----

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[Gjallarhorn][걀라호른] 인문학이 들려주는 트레이딩 원리 #9 - 도박사의 오류

[Gjallarhorn][걀라호른][EUR] 상승 동력을 모으는 유로 2022 1127

[EUR] Euro in the Correction 2022 1121

EUR/USD four-hour chart, source:FXDD.com

 

cf. [EUR] Fluctuating EURO 2022 1115

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position in Forex market and just watch the market now.

The rising currency pair EUR/USD retreated as the week began. 

It fell to near the parity, supporting line. It seems that the euro recover the price above 1.0290 though the EUR/USD step down below the parity in the short term.

The pair may try to exceed 1.038x. It can keep the bullish trend if it succeeds. But the dollar gains if not.

Gjallarhorn thinks euro's fall might be restrained above 1.0090 while the dollar keeps the upward trend.

The euro broke through the 20 moving average at once and reached the upper band of the Bollinger Bands in the weekly chart.

The euro is in correction and retreats below the upper band. But we need to look the momentum which broke through the 20 moving average.

The dollar is still bullish. But its power isn't strong as it before. The euro saves the energy of surging.

The Dollar Index tracking the dollar against its six peers rose 0.61 percent for a week to 106.943 last week.

 Christine Lagarde, the president of the European Central Bank supported the interest hike of the euro but it less effected. She spoke the inflation in Eurozone was high at a Europe banks meeting. But the euro wasn't supported sufficiently, last week.

The dollar was supported by the hawkish Fed members.

Susan M. Collins, president of the Federal Reserve Bank of Boston said the giant step is on the table in the FOMC meeting in December.

 James Bullard, president of the Federal Reserve Bank of St. Louis has led the bullish dollar saying the U.S. benchmark interest rate should be kept on from five to seven percent.

 Neel Kashkari, president of Federal Reserve Bank of Minneapolis has spoken the Fed should hike the interest rate till the inflation definitely cease. He said the Fed's goal is to control the inflation, too.

The hawkish member of the Fed, Christoper Waller had spoken the Fed might hike 50 bp on December meeting or later supporting the hawkish stance at the UBS AG Conference in Sydney, Australia. He said the Fed's rate-hike weren't completed yet though the inflation pressure was eased somewhat.

He said, the interest rate would be kept high till the inflation reached the goal, 2 percent.

The FOMC meeting minutes is released on Wednesday. The market participants expect the Fed will lead the greenback this week.

But the dollar didn't rallied last week, as some participants analyse the inflation risk in the United States reached the peak. They expect the Fed might ease the tightening tension somewhat.

The PPI in October rose 0.2 percent below the expectation 0.4 percent. The CPI has risen seven percent. These releases supported the possibility of the Fed's tightening pace slowing.

But the U.S. bond yield was still bullish and supported the dollar.

The Forex watchers anticipate the bullish dollar due to the hawkish Fed members' stance.

-----

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[EUR] Fluctuating EURO 2022 1115

cf. [EUR] The Pace Control of the Rate-hike 2022 1106

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position in Forex market and just watch the market now.

The surged euro last week fluctuates in the Bollinger Bands.

The currency pair EUR/USD jumped 4 bigs late week and sidles in the narrow channel as the week begins.

The pair broke through the 20 moving average at once and tries to reach the upper band of the Bollinger Bands in the weekly chart.

The strong upward-moment may support the euro and it will not retreat below the parity.

The investors are able to get the long bias for the euro in the mid term. The euro is able to be bought while its correction.

But it doesn't mean the trend shift, yet. The inflation risk still presses the euro and the Fed still raises the benchmark interest rate. The investors can think the trend shift but aren't recommended to buy the euro.

The surged euro was in the correction Monday.

As the Fed tightened, the greenback recovered the bullish trend. The Fed warned the market against going too far and the U.S. bond yield rebounded. They supported the dollar.

The Dollar Index tracking the dollar against the six peers basket rose 0.43 percent to 106.832.

The hawkish member of the Fed, Christoper Waller spoke the Fed might hike 50 bp on December meeting or later supporting the hawkish stance at the UBS AG Conference in Sydney, Australia. He said the Fed's rate-hike weren't completed yet though the inflation pressure was eased somewhat.

He said, the interest rate would be kept high till the inflation reached the goal, 2 percent.

Waller's comment supported the bond yield and the dollar. The yield of the 10-y Treasury Note rose 7bp to 3.89 percent for a while.

But Lael Brainard, the vice chair of the Fed spoke, the pace of interest-rate hike needed to be eased. The market experts thought, the Fed wouldn't stop the rate hike but would move away from the pace of four consecutive 75 basis points hikes.

The war in Ukraine affects the euro. The possibility of the peace agreement supports the euro, too. 

A research header at Monex diagnosed, the traders bought the dollar due to the euro's surge and Fed members' hawkish statement. He added, the currency pair EUR/USD would be still bearish though ECB officials supported the euro's interest rate.

The CME FedWatch anticipate the Fed's rate-hike 50bp in December as 85.4 percent probability. It means that the market expects the big step not the giant step.

Meanwhile Jerome Powell, the chair of the Fed supported the additional rate-hike and it was premature to discuss the rate-hike pause while the press conference after the FOMC.

-----

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[EUR] The Pace Control of the Rate-hike 2022 1106

The EUR/USD four-hour chart, source:FXDD.com

 

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position in CME and just watch the market now.

The currency pair EUR/USD formed the Head-and-Shoulders pattern and was supported on around 0.9737. After forming the pattern, the currency pair rebounded and reached the upper band of the Bollinger Bands in the four-hour chart.

It is confirmed that the euro is supported on some 0.97s though it fluctuated under the parity.

The main trend is still bearish, the weekly chart of the euro hints the trend-shift though.

The EUR/USD weekly chart shows euro has become to rise and tried to shift the bullish trend.

It isn't available to comment the bullish but the euro may not sink more.

Gjallarhorn think the investors need to watch the weekly chart, too. The 20 moving average is explicit downward and the EUR/USD is still below the moving average, but it is expected euro's rise in some weeks. 

The European Central Bank hiked the benchmark interest rate, the Main Refinancing Rate on October 27. It jumped 75bp to 2.00 percent.

The Dollar Index which tracks the greenback against its six peers basket rose 0.1 percent this week while its retreat 2.03 percent to 110.769 Friday.

The Dollar Index used to retreat to 110.688.

The Non-Farm Payrolls in October increased 261 thousands better than experts' expectation 205 thousand increase. It called the risk-on sentiment dropping the greenback. And the currency pair EUR/USD rose 2.24 percent to 0.99610.

The unemployment rate in October released on Friday was 3.7 percent worse than the previous 3.5 percent and the expectation 3.5 percent.

The Fed members have showed the hawkish stance. Jerome Powell, Fed Chair has confirmed the rate hike, and Christopher Waller, the Fed member has supported the significant hike in the benchmark interest rate.

Though the hawkish stance, it was in the market's expectation, and it didn't beat the Forex market.

The Fed member Neel Tushar Kashkari anticipated the benchmark interest rate would be hiked to 4.9 percent more. And he spoke the job market was strong. He is one of the hawkish members in Fed.

The Federal Reserve is still expected to keep the hike of the Federal Funds Rate, but some board members signal that the pace of the quantitative tightening is controlled,

Thomas Barkin, president and CEO of the Federal Reserve Bank of Richmond spoke the Fed shifted the step while the interview with the U.S. CNBC. He said, the Fed would brake sometimes while the benchmark-rate hike in the another step.

Barkin said the Fed's policy rate, which is currently between 3.75 percent and 4.00 percent, could eventually reach more than 5 percent.

Due to the risk-on, the euro rebounded on Friday. But the European Central Bank president, Chiristine Lagarde spoke the ECB wouldn't copy the Fed's actions though the ECB's watch to the Fed. Lagarde's comments devaluated the euro.

The U.S. daily New York Times reported the U.S. yield gave the clues of the Fed's interest-rate goal on Wednesday. The U.S. bond market provide the explicit signals of the interest rate and the economy outlook by the yield. Ahead of the Fed's benchmark rate hike, the yield in the bond market began to rise.

The 2-year bond yield recorded 4.6301 percent on Wednesday. The 10-yr Treasury Note yield already rose to some 1.5 percent last December.

And the current bond yield expects the recession.

Meanwhile Jerome Powell, the chair of the Fed supported the additional rate-hike and it was premature to discuss the rate-hike pause while the press conference after the FOMC.

-----

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Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

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[EUR] Rebounding euro in the short term 2022 1025

EUR/USD four-hour chart, source:FXDD.com

 

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position in CME and just watch the market now.

The currency pair EUR/USD has edged high after the head-and-shoulders pattern. It has exceeded the downward trend line, but it's hasty to guess the trend shift of the pair. The EUR/USD is still below the parity, and fluctuate the plain 120 exponential moving average.

And we need to watch the weekly chart, too. The price of the pair has risen. The 20 moving average is explicit downward and the EUR/USD is still below the moving average, but it is expected euro's rise in some weeks. It may try to step up 1.0098, too.

The currency pair seems to keep the bearish in mid-term. It could rebound after supporting on late 0.96 in months.

The currency pair EUR/USD rose 0.13 percent to 0.9874 in New York session, Monday.

The Dollar Index tracking the greenback against the six peers edged up 0.12 percent to 112.001.

The market expect the big step in December after the giant step in November. The market participants anticipated the 75bp hike of the benchmark rate in December, too, but they expect the 50bp hike in the last FOMC meeting in the year.

The falling EUR/USD succeeded to rebound at the end of the New York session, Monday. The Euro zone economy indices weren't good, though. The German Flash Manufacturing PMI released on Monday was 45.7 worse than the expectation 46.9 and the previous 47.8. The German Flash Services PMI was 44.9 worse than the expectation 45.0 and the previous 45.0.

The European Central Bank decide the benchmark interest rate, the Main Refinancing Rate on Thursday. It is expected the ECB raise 75bp and the rate is hiked to 2.00 percent.

The Fed members have showed the hawkish stance. Jerome Powell, Fed Chair has confirmed the rate hike, and Christopher Waller, the Fed member has supported the significant hike in the benchmark interest rate.

-----

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Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

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[Gjallarhorn][걀라호른][EUR] 진정되지 않는 인플레이션 압력 2022 1015

[EUR] Dead Cat Bounce? 2022 0914

 

EUR/USD four-hour chart, source:FXDD.com

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position in CME and just watch the market now.

The currency pair EUR/USD surged for a long time. It rose more one big last night.

The pair has formed the head-and-shoulders pattern which shows the bearish market in the four-hour chart. It rebounded after the sidling, and it reached the 120 exponential moving average moving along the upper band of the Bollinger Bands in the four-hour chart.

The euro fell to 0.96s and it was supported on the price band. The downward trend was completed as the euro was supported the 0.96s in the short term. It sank below the support band for a moment after the risen release of CPI but it succeeded to recover the price.

The euro has risen to the 20 moving average, and it has both possibility of rise and fall in the daily chart.

But the main trend is still bearish. The weekly chart and the monthly chart still show the explicit downward trend of the EUR/USD and the bullish greenback.

Though the euro rises against the dollar, it may retreat below the parity.

It is still available to keep the short bias to the euro and buy the dollar.

As the U.S. CPI showed the unchanged inflation pressure, the dollar rose. But it lost the momentum against the major peers shortly. The risk of the economy indices was already reflected and the risk-on sentiment dropped the greenback, the analysts thought.

And the Dollar Index tracking the dollar against the currency basket of the six peers fell 0.70 percent to 112.491.

The U.S. CPI in September was 8.2-percent rise year-on-year. It is higher than the expectation 8.1 percent rise. The core CPI was 6.6 percent, higher than the expectation, too.

The CPI stimulated the investor's concern about the hawkish Fed stance. The FOMC meeting minutes released the prior day showed the hawkish members' opinion.

But the risk-averse sentiment was already reflected before the release of the meeting minutes and the CPI, some experts analysed, too. The Treasury Note yield just rose 6 bp to 3.96 percent, the media reported.

The euro rose against the dollar as the risk-on sentiment was recovered. But it has moved below the parity. It was reported, the hawkish ECB stance doesn't overwhelm the U.S. Fed's.

The market experts expect the Fed's continuous giant step in November, too. Shima Shah, strategist at Principal Asset Management said, there was no one in the market who believed the Fed would hike the benchmark interest rate below 75 bp after the CPI. He added, the benchmark rate might be hiked 75 bp in December, too.

The Fed members have showed the hawkish stance. Jerome Powell, Fed Chair has confirmed the rate hike, and Christopher Waller, the Fed member has supported the significant hike in the benchmark interest rate.

-----

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

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[Gjallarhorn][걀라호른]인문학이 들려주는 트레이딩 원리 #8 - 성자필쇠

[Gjallarhorn][걀라호른]인문학이 들려주는 트레이딩 원리 #7 - 황금비율과 프랙탈

[Gjallarhorn][걀라호른][EUR] 미국 CPI를 앞둔 유로화 2022 0912

[Gjallarhorn][걀라호른][EUR] 0.99대에서 공방전을 벌이는 유로 2022 0904

[Gjallarhorn][걀라호른]인문학이 들려주는 트레이딩 원리 #6 - 카오스 이론

[Gjallarhorn][걀라호른][EUR] 잭슨홀 심포지엄을 앞둔 유로 2022 0822

[EUR] The Sidling Dollar ahead of CPI 2022 0810

cf. [EUR] The Expected Giant Step after the Non-farm Payrolls  2022 0806

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short position of the euro in CME, now.

The currency pair EUR/USD has fluctuated for weeks. And it awaits the CPI, Consumer Price Index release on Wednesday. The up-and-down move in the sidling Bollinger Bands seems to accumulate the momentum.

The dollar was in the correction ahead of the U.S. CPI. The market reacts seriously if the CPI shows the inflation excceeds the market expectation. Because it support the Fed's hawkish stance.

The market expects CPI in July will be 8.7 percent less than that in June of 9.1 percent. The market thinks the inflationary pressure support the Fed's giant step. Someone forecasts the 100 bp hike of the benchmark rate in September.

The strategist Edward Moya of Oanda said, the additional bullish dollar if the inflation rises more and more.

A forex analyst of Societe Generale worried the inflation. He also agreed the more inflation will support the 75bp rate hike in September. He said, the Fed may hike the benchmark rate more and it isn't the time to sell the greenback.

An economist analysed the recession from the reversed U.S. yield curve but he expected the Fed would stop the rate hike and cut it in next year.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

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[EUR] The Expected Giant Step after the Non-farm Payrolls 2022 0806

EUR/USD four-hour chart, source:FXDD.com

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short position of the euro in CME, now.

The currency pair EUR/USD plunged as the U.S. Non-farm payrolls was released on Friday. It still fluctuates in a channel though.

The pair has moved up and down in the sidling Bollinger Bands in the four-hour chart.

The sidling currency pair seems to accumulate the momentum, upward or downward.

The euro has raised its bottom gradually above the parity, 1.00 in the weekly chart. But the trend is bearish explicitly.

The dollar surged as the U.S. Non-farm payrolls rose more than doubling market expectation on Friday. The record better than the expectation supported the market to think of the Fed's tightening policies. The U.S. Treasury Yield soared this day, too.  

The Non-farm payrolls increased 528 thousands in July, which is double the market expectation, 258 thousand increasing.

The unemployment rate in July was 3.5 percent. It is below the market expectation, 3.6 percent.

Due to the records better than the expectation, the Dollar Index which tracks the greenback against the six peers rose 0.81 percent to 106.589. It rose 0.66 percent for a week.

The market expects the Fed's giant step in September, again. The probability of the giants step is evaluated 64.5 percent by the market according to the Fed Watch at Chicago Mercantile Exchange. 

As the greenback surged, the euro plunged against the dollar. Because the European Central Bank, ECB doesn't seem to hike the benchmark rate as the Fed did. The euro sank though the good German economy record.

The Federal Reserve has hiked the Federal Funds Rate 75bp to 2.5 percent in the previous month. It was the giant step as the markets expected. The FOMC hiked the benchmark rate 75bp twice in a row.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

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[EUR] Giant Step and 2022 0728

cf. [EUR] The Restricted Rise 2022 0719

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short position of the euro in CME, now.

The currency pair EUR/USD fluctuated in a channel plunged ahead of the FOMC meeting and rebounded after the FOMC meeting. 

The pair returned into the channel. It seems that the pair tries to exceed the channel ceilling and 120 exponential moving average in the four-hour chart.

But it's unlikely the euro break through the 120 EMA and makes a upward trend, yet. It may not exceed 1.0350 reinforcing the bearish trend though it exceeds the channel and the 120 EMA in the four-hour chart.

The currency pair seems to continue the fluctuation between 1.0130 and 1.0265 for a while.

The Federal Reserve hiked the Federal Funds Rate 75bp to 2.5 percent. It was the giant step as the markets expected. The FOMC hiked the benchmark rate 75bp twice in a row, the dollar fell though. The Dollar Index tracking the greenback against the six peers basket dropped 82bp to 106.373.

The rate hike was in the markets' expectation, the dollar lost the upward momentum though the recession risk.

The surging inflation world wide has pressed the central bank hike their benchmark interest rate. The European Central Bank, ECB has gotten the big step, too.

The U.S. CPI in June rose 9.1 percent from June last year. It was 8.6 percent in May.

It is reasonable to think the Fed raises the FFR in September, too.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

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[EUR] The Restricted Rise 2022 0719

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Rebounding Euro 2022 0621

cf. [EUR] Giant Step and Retreating Dollar 2022 0617

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn doesn't have any position in CME, now.

The currency pair EUR/USD plunged to the historical parity last week. It even sank below 1.0 for a while.

The EUR/USD rebounded after the touch 1.0 and it is 1.01xx in the early week.

The rebounding euro is expected to rise to the 120 exponential moving average 1.025x in the four-hour chart or 1.029x, 20 moving average in the daily chart at least.

But the bias on the euro is short. The benchmark hike on the dollar is anticipated and it support the dollar's rally.

The European Central Bank, ECB is expected to hike the benchmark rate in the week, too. The traders guess the basic step, 0.25 percent. It isn't powerful than dollar's. And the global stagflation risk calls the risk-averse sentiment.

After the euro's parity to the dollar last week, the euro rebounded. It is hard to think the euro plunges below  1.0 against the greenback at once and the traders can guess the euro rise again on the parity.

The market participants guessed the Fed's jumbo step, 1.0 percent rate hike but they expect the 75 basis point hike, the giant step again. It supported the risk-on sentiment and helped the euro.

The dollar index tracking the greenback against the currencies' basket dropped 56bp to 107.421.

The hawkish Fed member, Christopher J. Waller has supported the benchmark interest rate hike, but he doesn't agree the jumbo step, 100bp hike.

Another hawkish member, James Bullard, President of the Federal Reserve Bank of St. Louis hinted he supported 75bp hike while the interview with Japanese economy daily, Nihon Keizai Shinbun. He said, the current pace of the interest rate hike was valid.

The customer price index in June released last Wednesday rose 9.1 percent and it made the traders expect 100bp hike.

The Federal Reserve holds the FOMC next Tuesday and Wednesday. It is expected the FOMC will hike the Federal Fund Rate and release the monetary policy.

The speculative dealers still bet on the strong dollar. The long positions on the greenback hit high in the seven weeks.

An expert on the bond said, the Fed seemed to support 75bp than 100bp.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

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[EUR] Rebounding Euro 2022 0621

EUR/USD four-hour chart, source:FXDD.com

 cf. [EUR] Giant Step and Retreating Dollar 2022 0617

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short positions of the Euro in CME.

The sliding currency pair EUR/USD rebounded in mid May and fluctuated in the Bollinger Bands in the daily chart. The pair has rebounded on the bottom band and rises toward the middle band. And the traders may expect the pair exceeds the middle band and reaches 1.0775, prior peak and 1.084x, the upper band in the daily chart.

The euro attempts to build the double-bottoms pattern in the weekly chart, it failed to exceed the middle band at once though. The credibility of the pattern isn't high, yet.

The currency pair doesn't exceed the 120 exponential moving average, 1.05748 in the four-hour chart, yet. It doesn't seem to exceed 120 ema soon. The 120 ema act as a resistance line for a while.

It rises in the early Europe session. The euro moves along the upper band in the one-hour chart, the euro may retreat on 120 ema in the four-hour chart though.

The euro rose in the early Europe session, drawing support from the European Central Bank's plans to raise interest rates to contain inflation.

The euro was supported after ECB Chief Economist Philip Lane said the ECB will raise interest rates by 25 bp at its July meeting.

After the FOMC meeting the dollar is in the correction. The Federal Reserve hiked the Federal Funds Rate 0.75 percent, the giant step, but the dollar didn't soar and is in the correction.

Though the giant step, the Fed chair Jerome Powell spoke the Fed tried to controll the inflation under the 2 percent at a conference, last Friday.

He has informed the big step, 50bp hike or the giant step, 75bp hike next FOMC meeting in July.

As well as the Federal Reserve, Swiss National Bank and Bank of England hiked their benchmark rate, too. BOE raised the rate though the recession risk.

The American economy journal Wall Street Journal reported the soft-landing is just the illusion though the central banks action last Saturday.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

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[EUR] Giant Step and Retreating Dollar 2022 0617

EUR/USD four-hour chart, source:FXDD.com

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short positions of the Euro in CME.

The currency pair EUR/USD succeeded to rebound on 1.0357, prior support band. The pair exceeded 20 moving average in the one-hour chart and the four-hour chart with the long candle. It also rose from the bottom band of the Bollinger Bands in the daily chart.

But the explicit signals aren't found yet. The bearish trend of the currency pair seems to be still valid. The Federal Reserve members are hawkish and the Fed raised the Federal Funds Rate 75bp on Wednesday. Before the FOMC meeting, the market anticipated the giant step, 75bp hike due to the surged CPI, 8.6 percent.

But the pair rose though the Federal Reserve's benchmark rate hike. The rate hike satisfied the market expectation and the Swiss National Bank and the Bank of England hiked their benchmark rate following Fed's action. It supported the euro, and the dollar retreated on Thursday.

And the U.S. economy gauges released on Thursday indicated the recession possibility. It aggravated the greenback. The new Unemployment Claims was 229 thousands worse than expectation.

The Fed had hiked the Federal Funds Rate 0.75 bp, giant step to 1.50~1.75 percent after FOMC meeting on Wednesday, which is the first giant step since November 1994. Jerome Powell, the Fed chair hinted the benchmark rate might be hiked 50~75bp.

The markets have expected the big step, 50bp hike and Jerome Powell used to supported the big step, 50bp hike. But the CPI released in last week rose recording high in forty years.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

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[EUR] Bullish or Bearish Trend? 2022 0528

EUR/USD four-hour chart, source:FXDD.com

 

cf. [EUR] EURO Rally 2022 0525

cf. [EUR] The Technical Rebound of Euro 2022 0522

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short position recording the loss in CME.

The currency pair EUR/USD held its upward momentum in the daily chart and the weekly chart.

The pair is found it rose two weeks continuously in the weekly chart. It rebounded on 1.0359x, the support line since 2017. The price of the pair exceeded the 20 moving average at once and reached the upper band of the Bollinger Bands in the daily chart. Its shape of following the upper band implies the more rising. 

But it didn't reach the 20 moving average, yet. It's not certain that the euro has the sufficient momentum enough to break through the 20 moving average.

And the euro began to control its power in hour-size charts.

The pair still moves in the channel made by the upper band and the middle band, the middle band has begun to ease the slope in the hours chart.

The bullish trend isn't confirmed yet.

The Dollar Index tracking the greenback dropped 0.15 percent to 101.654 in the week.

The Core PCE released on Friday was satisfied the markets' expectation. It was 4.9 percent, which the market expected, and the price of EUR/USD moved in the Bollinger Bands in the one-hour chart.

The hawkish Fed in the markets' expectation restrains the strong greenback. As the market participants expected, the FOMC meeting minutes released in the week supported the big-step hike during two meetings of FOMC. The Fed has raised the benchmark rate to 0.75~1.0 percent.

The euro rose against the dollar, but the increase of the price was restrained because the expectation of the European Central Bank's hawkish action was already included in the price.

The ECB president Christine Lagarde has commented, the net-purchase of the Asset Purchase Program will be finished in the early 3rd quarter and she expect the minus deposit interest rate returns to the positive rate in the blog. The benchmark rate hike to the positive implies the 50 basis-point hike.

Some strategists think the greenback rally has passed the peak. 

The strategists at Comertz Bank think the possibility of the rate hike by Lagarde in July is very high. They said, the rate of the euro would be raised more and it supported the euro.

But Christian Lindner, German finance minister has spoken, the bearish euro raised the inflation and press the rate hike by ECB though the recession risk.

Meanwhile, some Forex strategists expect the currency pair EUR/USD may fall to 1.02s in a quarter.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

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[EUR] EURO Rally 2022 0525

 

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] The Technical Rebound of Euro 2022 0522

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has a short position recording the loss in CME.

The currency pair EUR/USD has rallied since the week.

The pair succeeded to rebound on 1.0357 and exceeded the 20 moving average in the one-hour, the four-hour and the daily charts respectively.

The euro rises fluctuating on 20 moving average in the one-hour chart. The currency pair rallied moving in the channel made by the upper band and the middle band of Bollinger Bands in the four-hour chart.

The euro has supported on 1.0767x in last mid-month. The price band may restrict the rallying euro and the price of euro may be restrained 1.076x. But it can return to bearish at present price level, 1.07xx.

The price of euro reached the upper band in the daily chart and continued the rally. It may keep the bullish momentum and return to downward trend.

The more time is needed to analyse the mid-and-long term trend.

As the market participants expect the hawkish actions of the European Central Bank, the currency pair EUR/USD got the momentum of rebounding. The currency pair rises since Monday.

It is reported, ECB will finish the negative benchmark rates by the end of the third quarter according to the ECB President Christine Lagarde speak, Monday. And her statements boosted the euro.

The ECB's guidance is that it won't raise interest rates before ending quantitative easing.

Lagarde supported, the benchmark rate would be hiked in the ECB meeting in July. The euro's interest rate will be raised for the first time in the eleven years. If the deposit interest rate exceeds the zero point, it means the big- step hike in July.

Christian Lindner, German finance minister spoke, the bearish euro raised the inflation and press the rate hike by ECB though the recession risk.

 

But the concern to the Federal Reserve seems to go down though the FOMC meeting minutes is released on Wednesday. The Fed Chair Jerome Powell has confirmed the big-step hike. He has spoken, the interest rate would be risen continuously till the inflation under the control.

The market could react the ECB president's comment.

And the U.S. Preliminary GDP quarter on quarter and the Unemployment Claims are released on Thursday. The Preliminary GDP is expected to be -1.3 percent and the investors expect unemployment claims are 217 thousands increasing. The investors can be acknowledged the Core PCE Price Index on Friday.

The strategists at Comertz Bank think the possibility of the rate hike by Lagarde in July is very high. They said, the rate of the euro would be raised more and it supported the euro.

Meanwhile, some Forex strategists expect the currency pair EUR/USD may fall to 1.02s in a quarter.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

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[EUR] The Technical Rebound of Euro 2022 0522

 

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] The Greenback in Correction 2022 0517

cf. [EUR] Soaring Greenback 2022 0514

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position  in CME and just watches the market.

The currency pair EUR/USD retreated on Friday, but it rose one big prior day exceeding 20 moving average in the daily chart. The pair rose from the support line and has the momentum to the upper band of the Bollinger Bands in the daily chart.

It touched 120 exponential moving average in the four-hour chart. It could retreat below the support line, 1.0434. But the rising momentum is found in the daily chart, the euro could rise over 1.07.

The double-tops pattern is found in the one-hour chart. It implies the bearish euro.

The signals from the hour-size charts tell the strong dollar, the daily chart and the weekly chart show the rebound of the euro though.

Jerome Powell, the Fed Chair spoke, the interest rate would be risen continuously till the inflation under the control last week.

Esther L. George, president of the Federal Reserve Bank of Kansas City spoke the Fed watched the tightening in the financial situation, not the effect to the stock market in the interview. 

And the traders need to listen to the news of the possible interest hike by the European Central Bank. It is acknowledged the Fed's big step and the investors prepare the event. But the events from the ECB begin to loom. The market participants may react the ECB's action.

Christian Lindner, German finance minister spoke, the bearish euro raised the inflation and press the rate hike by ECB though the recession risk.

There are the views supporting the strong dollar.

The Forex analysts on ING have spoken, if the risk-averse sentiment is on and the equity markets are bearish, the Dollar Index might exceed over 105.

Some Forex strategists expect the currency pair EUR/USD may fall to 1.02s in a quarter.

And the FOMC's Meeting Minutes last month is released on Wednesday. And the preliminary GDP in the U.S. is released Thursday.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

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#Gjallarhorn, #FOREX, #FXMargin, #EUR, #euro, #EURUSD

[EUR] The Greenback in Correction 2022 0517

 

cf. [EUR] Soaring Greenback 2022 0514

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has no position  in CME and just watches the market.

The currency pair EUR/USD edges high since Friday. The pair touched the 120 exponential moving average and tries to break through it in the one-hour chart on Tuesday(GMT).

The pair also exceeded 20 moving average in the four-hour chart since last Friday.

The EUR/USD moves upward gradually exceeding 20MA, it seems to reach the 120 exponential moving average, around 1.053x in the four-hour chart. It can rise to 1.052x, bottom of the price-mixed zone.

It may retreat after the first touch of the meaningful price bands. If the trend turns to upward, it will be succeeded in the second touch or more attempts.

Though its rebounding, the bias to the euro is still short, Gjallarhorn thinks.

After FOMC meeting in the early month, the Fed Chair, Jerome Powell spoke that there wouldn't be a giant step, 0.75 percent hike of the benchmark rate. He acknowledged the soft landing of a low inflation and high growth is very difficult at a radio broadcasting interview on last Friday. He spoke he believed, the U.S. economy would avoid the recession.

But some Fed members claim the giant step against the inflation.

The Fed will use the tightening policies against the inflation, it concerns the investors about the recession.

The experts on Forex still predict the strong dollar.

The Forex analysts on ING spoke, if the risk-averse sentiment was on and the equity markets were bearish, the Dollar Index might exceed over 105.

Some Forex stragests expect the currecy pair EUR/USD may fall to 1.02s in a quarter.

Meanwhile an expert in an asset management has forecasted the parity of the euro and the dollar in a half year.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

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#Gjallarhorn, #FOREX, #FXMargin, #EUR, #euro, #EURUSD

[EUR] Soaring Greenback 2022 0514

 

EUR/USD four-hour chart, source:FXDD.com

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has liquidated the positions of euro in CME and watch the market.

The bearish trend on the euro is explicit.

The retreating euro fluctuates in the narrow channel and continues to fall in the four-hour chart. The currency pair, EUR/USD slips along the channel between the bottom band and the middle band in the Bollinger Bands, the daily chart, and slides down along the bottom band in the weekly chart and the monthly chart.

The traders can confirm the 120 exponential moving average work as the resistance line in the four-hour chart.

The Dollar Index which tracks the greenback against the currency basket of six peers edged down after recording high in 20 years on Friday. And the euro rose. The rebounding of the euro on Friday is looked to be the technical rebound. If the traders want to confirm the bullish on the euro, the price of the pair should be confirmed around 1.0465, 20 moving average and 1.057s, the resistance band in the four-hour chart.

An expert in an asset management forecasts the parity of the euro and the dollar in a half year.

After FOMC meeting in the last week, the Fed Chair, Jerome Powell spoke that there wouldn't be a giant step, 0.75 percent hike of the benchmark rate. His comment boosted the market, but the market sank again. Gjallarhorn thinks, the U.S. benchmark rate will hike whether the big step or the giant step. And Powell supported the big step in the next meeting.

He acknowledged the soft landing of a low inflation and high growth is very difficult at a radio broadcasting interview on Friday. He spoke he believed, the U.S. economy would avoid the recession.

But some Fed members claim the giant step against the inflation.

Loretta J. Mester, president and CEO of the Federal Reserve Bank of Cleveland claimed the more hawkish rate hike and supported the pace of hike speed would be quick if the inflation wasn't controlled in September.

It seem to be reasonable to hold the short bias on the euro though euro's rebounding.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

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[Gjallarhorn][걀라호른][EUR] 숨고르기에 들어간 달러와 유로 2022 0410

[EUR] The Reverse-V pattern and the Euro 2022 0406

 

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Rounded Euro still under the Short Bias 2022 0319

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has the short position of euro in the loss, CME now.

As April began, the dollar began to gain ground.

The one of the major currency pair, EUR/USD plunges after touching 1.1183 on March 31. The surged euro fells sharply against the dollar making a sharp peak. It formed the reverse-V pattern in the four-hour chart. 

The pattern succeeded and the euro fell below the fluctuated zone, it may rebound or continue its bearish trend.

But the direction of 20 Moving Average in the four-hour chart support the additional decrease of the euro. And the price of the currency pair lowered the peaks moving in the channel between the 20-moving average and the bottom band in the weekly chart. It support the bearish trend of the euro.

The more hawkish stance of the Federal Reserve and the war by Russia in Ukraine supported the strong dollar.

Lael Brainard, the Fed vice-chair nominee said, the reduction of the inflation is the Fed's priority and her statement boosted the U.S. treasury yield.

She said, the FOMC would do Quantitative Tightening by the continuous rate-hike and the tightened balance sheet, May in the on-line speech.

And the Dollar Index which tracks the dollar against the currency basket of six peers rose 0.49 percent to 99.490 on Tuesday. It touched 99.523 recording high since May 2020, for a while.

The market participants await the release of the FOMC meeting minutes on Wednesday(GMT). They try to get the clues to the interest-rate hike. The European Central Bank releases its meeting minutes on April 7.

The investors expect the big-step hike as the Fed yield futures anticipate 80 percent of the 0.5-percent rate hike.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

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[Gjallarhorn][걀라호른][EUR] 장기 하락추세 어귀에 선 유로화 2022 0328

[EUR] Rounded Euro still under the Short Bias 2022 0319

 

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Fluctuating Euro Ahead of FOMC Meeting 2022 0315

cf. [EUR] Safe-haven Dollar 2022 0301

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has the short position of euro in the loss, CME now.

The one of the major currency pair EUR/USD touched the 120 exponential moving average and slipped down to 20 moving average in the four-hour chart at the end of the week.

The investors can anticipate the additional try to exceeded the 120 EMA because the currency pair was supported on 20 MA.

But the market participants need to watch the peaks has been lowered since last month. It is unlikely the pair rises on the the upward trend line though it breaks through the 120 EMA.

The euro succeeded to rebound against the dollar and reached the 20 moving average in the daily chart, it failed to exceed the 20 MA at once and stepped back though. It may try to rise again, but it can be sunken below 20 MA.

The candle bar was made positive and it was supported on the moderate long-term upward trend line in the weekly chart. But the 20 moving average still dives and the price of euro against the dollar moves down.

It is reasonable to keep the short bias to the euro, Gjallarhorn thinks.

The concern of Russia's possible Default diminished as it is reported Russia paid the loan interest by the greenback partly.

The Russia central bank froze its benchmark rate, 20 percent on Friday. The bank rose the key rate more 10 percent to 20 percent on February.

And the euro fell on Friday, it rose against the dollar 1.3 percent in the week though. It showed record-increase since February. The European Central Bank president, Christine Lagarde supported the euro's interest-rate hike, and the euro advanced.

And some members of Federal Reserve claimed the hike of the benchmark interest rate. Jame Bullard, the president of the Federal Reserve Bank of St. Louis claimed the interest rate should be hiked to 3 percent in this year. It means the benchmark rate rose twelve times in the year.

Thomas Barkin, the president and CEO of the Federal Reserve Bank of Richmond spoke the rate could be hiked 50 bp if necessary. He said, the hike might be 50 bp for the inflation-expectation control.

Christopher Waller, Federal Reserve Governor agreed the rate hike, 50bp.

Fed Chair, Jerome Powell spoke the QT, Quantitative Tightening might be possible from May at the press conference. He expected the QT be effective like the additional interest-rate hike.

And the strategists at Westpec analysed, the diplomatic solution between Russia and Ukraine became advanced and the momentum moved toward the end of the war would lead the bearish dollar index. But they emphasized, the Dollar Index, tracking the greenback against the six peers still toward more 100.0 due to the hawkish Fed.

Meanwhile the two-day FOMC meeting was hold this week and the FOMC hiked the benchmark rate 25 bp as the market expected. Fed Chair, Jerome Powell hinted the six-times hike in the year.

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Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

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[EUR] Fluctuating Euro Ahead of FOMC Meeting 2022 0315

 

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Safe-haven Dollar 2022 0301

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

Gjallarhorn has the short position of euro in the CME now.

The currency pair EUR/USD which rebounded on 1.08s last week, repeats the rising and the falling in hours charts. 

It succeeded to stop falling in the daily chart, too.

The currency pair holds onto the week-start rebound to renew daily high around 1.0980, up 0.33% intraday during very early Tuesday morning in Europe.

But the currency is still on the bearish trend. The trend-turning signals are shown in the hour-unit charts. The EUR/USD exceeded the 20 moving average after forming the double-bottoms pattern and broke through the 120 exponential moving average in the one-hour chart. The euro is supported on 1.09s in the four-hour chart.

But the daily chart and the weekly chart still show the downward trend. The euro especially falls along the bottom band of the Bollinger Bands and has broken the long-term upward trend line down in the weekly chart. The euro tries to recover the trend line but the 20 moving average in the weekly chart dives.

The FOMC meeting is hold this week and it is planned the FOMC will release the benchmark interest rate on Wednesday. It is expected that the Federal Reserve will hike the rate 25 bp. 

It is recommended to watch the market and to deal after FOMC's decision.

The U.S. bond yield soared again ahead of the anticipated Fed's rate-hike on Monday. And the some hopeful news of talk between Russia and Ukraine supported the risk-on asset. The Dollar Index dropped 0.06 percent to 99.053 in the New York session, Monday.

The expectation of Fed's rate-hike on Wednesday raises the U.S. bond yield. It is expected the FOMC will hike 0.25 percent.

The crude oil prices steadied, too.

Though the U.S. Fed's interest-rate hike, the European Central Bank doesn't seem to hike the benchmark rate. The geopolitical risk due to the Russia's invasion to Ukraine puts the Europe economy into the possible stagflation. Some Europe countries depend on Russia in the energy sector.

The Bank of Korea sees that the markets expect the ECB will hike the benchmark rate 0.25 percent in the year, some investment banks forecast the delay of the hike to the next year, though.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail. 

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

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[EUR] Safe-haven Dollar 2022 0301

 

 

cf. [EUR] Putin’s Attack on Ukraine 2022 0224

cf. [EUR] The Ukraine Tension and the Falling EURO 2022 0220

 

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

 

Gjallarhorn has the short positions on Euro recording the loss.

 

It’s not really important to analyze the market technically because the markets only move by the geopolitical risk, the Russia’s invasion to Ukraine. The war in Ukraine renders the technical analysis obsolete.

 

The safe-haven dollar and yen rise and risk-on currencies retreat.

 

The Dollar Index rose to 96.765 on Monday.

 

The Russia’s invasion to Ukraine threw the finance markets into disorder. The invasion has made the volatile markets. The safe-haven asset and the crude oil price surged.

 

The risk-averse sentiment dominates the Forex market as Moscow warned the nuclear weapon.

 

Instead of the military response, the United States and the western countries use the economic sanction such as the expulsion of Russian banks from the SWIFT code. They agreed to expel Russia from SWIFT. The SWIFT is the international network which more 11 thousands banks and finance organizations use.

 

The Russian Rouble plummeted 30 percent. And Russian Central Bank hiked the benchmark interest rate from 9.5 percent to 20 percent to stabilize the rouble.

 

The U.S. bond yield dropped showing the risk-off sentiment. The yield of 10-year Treasury Bond fell 10 bp to 1.868 percent for a while, Monday.

 

The one of the safe-haven asset, Japanese Yen rose.

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Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

 

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

 

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

 

 

You can join telegram channel t.me/gjallarhorn_report .

 

If this report was helpful to you, please support it. The amount of your support is up to you.

 

PayPal  kmuk001@gmail.com.

 

Thank you.

 

 

e-mail - kmuk001@gmail.com

 

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

 

 

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

 

#Gjallarhorn, #FOREX, #FXMargin, #EUR, #euro, #EURUSD