Volatility

PBOC is expected to set the USD/CNY reference rate at 6.8758 – Reuters estimate

GBPUSD Whiplash: Market volatility amid strong UK inflation and technical indicators

• Volatile up and down price action today in the GBPUSD

USDJPY extends above its 100 day moving average

• Trying to move above the 50% midpoint of the March trading range

USDCAD breaks above key midpoint and swing area: Assessing the market's moves & direction

• Breaks above 50% of the recent move down

EURUSD moves to a new session high and above a swing area

• Swing area between 1.0690 and 1.0704

EURUSD mired in an up and down day

• Price low held a swing area near 1.0611- 1.0614

Fitch says recent developments in US will not cause major shifts in US monetary policy

• Also says expect the Bank of Japan's yield cap to be raised by 50bp later this year, do not see a sharp rise in JGB yields

Volume profile trading strategy: Bulls safeguarding S&P 500 PoC at apx. 3970

• Unless 2 consecutive daily candles close below 3925, I am still bullish, despite the news

USDCHF falls to swing area/MA support targets and finds dip buyers

• The highs today could not stay above the 100 day MA or get above swing highs from end of Feb/early March

El-Erian on Powell induced volatility- could risk economic well-being, financial stability

US January new home sales 670K vs 620K expected

• US January new home sales data

EURUSD now up on the day. Above the close from yesterday at 1.0686

• Looks toward the 100 hour MA and 200 hour MA above that level

USDCAD is back to pinging after ponging over the last few days

• The tide changes again

EURUSD settling between 100/200 hour MA after day extreme targets are tested

• 38.2% at the topside stalls the rise. Swing area holds support.

Japan's Kanda says can't accept one-sided speculative FX moves, like those of last year