[GVI Forex 2]

…. and now back to square one with the focus on EURUSD 1.05

Range for the day is now likely in.

[michael Calif]

Nov repost.   daily charts.   Law of Time remains Long Euro futures; buying any and all dips.    Option Profile gtwo3

[GVI Forex 2]

EURGBP .8264 => EURUSD 1.0487 (lost the cross related bid)

iT SOUNDS LIKE A MERRY-GO-ROUND AND IN FACT IT IS.

[GVI Forex 2]

EURGBP 1 HOUR CHART – Guess who was driving the bus

Real money orde –– see if EURUSD loses its bid once the order is filled

EURUSD POPPED ON CROSS RELATED BUYING => GBPUSD FOLLOWED AND THEN GOT SMACKED DOWN ONCE EURUSD MET RESISTANFCE

1.0520 => 1.0500

1.2736 => 1.2697

EURGBP .8258 => .8270

[GVI Forex 2]

Here we go again…Look for the puzzle pieces

This time EURGBP firmed (.8256 vs .8225 low yesterday)… giving some support to EURUSD while weighing on GBPUSD)… EURUSD just popped to 1.05

[GVI Forex 2]

US yields tick back up but below earlier highs,,, USD follows but EURUSD above earlier low,,, this time GBP is leading EUR (EURGBP firmer)

[GVI Forex 2]

US yields off after data… USD follows (USDJPY dips below 1`52)… EURUSD still below 1.05

ECB press conference next

[GVI Forex 2]

NEWSQUAWK US OPEN

SNB surprise with a 50bps cut, Euro steady ahead of ECB

Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

European bourses are mixed into the ECB, SMI outperforms post-SNB. US futures are modestly softer.

SNB delivered a larger-than-expected 50bps cut and reiterated a willingness to intervene in the FX market as necessary.

USD steady with peers and for the most part contained aside from CHF underperformance and Antipodean outperformance, AUD driven by jobs data.

Fixed benchmarks are at/towards session lows into the ECB and US data thereafter, stateside yields are bid and the curve steeper.

Crude in the green but only modestly so, base metals are little changed overall.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

With interest rates tumbling across the world and set to fall stateside again next week too, Wall Street stocks are sizing up one of the best years of the century so far.

The tech-laden Nasdaq surged again on Wednesday and closed above 20,000 for the first time ever – almost four times the peaks of the dot.com bubble in 2000 and up almost 35% for 2024 to date.

Morning Bid: Europe eases with Swiss surprise as Nasdaq clocks 20k

[GVI Forex 2]

EURUSD 1 HOUR CHART – RANGE PRE-ECB

1.0480-1.0539 is the current range ahead of the ECB where 1.05 will eventually dictate the tone.

Just in case, 1.0550-70+_would be needed to ease the downside risk, below 1.0457-72 would open the door for more on the downside.

[GVI Forex 2]

Using my Platform as a Heatmap

AUDUSD outperforming after strong jobs report although there are questions whether it is an outlier

CHF underperforming after the 50bps rate cuit (not a surprise)

US bond yields continue to creep higher, givimg USDFJPY som,e support (held 151.90-00 cited yesterday as support)… inside day so far

EURUSD 1.05 remains the pivotal point ahead of ECB,,, surprise would be a 50bps cut, 25bps expected

[GVI Forex 2]

EURGBP MONTHLY CHART – Indicator of EUR weakness

Those who have followed me have seen me say to watch EURGBP for clues if trading EURUSD and/or GBPUSD

Break of .8267 opens the door for the major level at .8200… As this chart shows, .8200 is a 7-year low.

Back above .8250-67 would be needed to postpone the risk

Minor support is at .8225, Wednesday’s low.

[GVI Forex 2]

EURUSD would need to get back above 1.0508 to suggest the low is in for today… Otherwise the levels I cited earlier at 1.0472 and 1.0457 are in play.

If you look at EURGBP (,8228) it is as much EUR weakness than USD strength.

In any case, upside is limited as long as it stays below 1.05.

[GVI Forex 2]

EURUSD 1.0501: Traded technically with stall 2 pips shy of 1.0539 and then baCK TO 1.05- focus will shift to ECB tomorrow

USDJPY back to 152

eurgbp EXTENDS LOW TO .8230… GBPUSD LAgs, EURUSD leads

BoC on deck

[GVI Forex 2]

EURUSD 4 HOUR CHART – LEVELS TO WATCH

1.05 WILL DICFTATE THE TONE

suPPORTS:

1.0487
1.0472*
1.0457*
1.0425*

RESISTANCE
1.0518
1,0529
1.0539*
1.0568*
1.0594*

[GVI Forex 2]

NEWSQUAWK US OPEN

DXY bid on reports that China is considering allowing the Yuan to weaken in 2025; US CPI due

Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

European bourses began the session entirely in the red, but sentiment has improved to display a mixed picture; NQ incrementally outperforms in the US.

Dollar bid as markets digest reports of China allowing a weaker yuan, JPY choppy amid BoJ sources.

China’s top policymakers are considering allowing the Yuan to weaken in 2025 as Trump tariff looms, via Reuters citing sources

Mixed performance for paper, US 10yr supply looms.

Crude initially hampered by Yuan-reports, but has since pared with crude now at session highs; metals on the backfoot.

Try Newsquawk for 7 Days Free

[Mtl JP]

9:13am’s “Lagging EURUSD as EURGBP” — do u look at the EZ/UK spread ?

[GVI Forex 2]

Pivotal level day

EURUSD -.1.05 clearly pivotal after brief break below it (low 1.0488)

AUDUSD – .6350 is pivotal after brief break of major .6358 support (low .6340)

USDJPY 151.50 nand 152 are both pivotal, so far staying below it after trading above it yesterday

GBPUSD- Lagging EURUSD as EURGBP remain soft biut 1.2750 is pivotal here as well

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.05450 , 1.05950 & 1.06350

Supports : 1.04950, 1.04600 & 1.04250

There is still an Up angle , but this is not a real Up trend !

Momentum is nonexistent and we’ll have to wait for Thursday ECB Interest rates decision and a reaction to it

For now try to play within given parameters – 1.0550 is a pivotal right now.

[michael Calif]

Nov re-post.   daily charts.    Law of Time remains Long Euro, Yen, and 10yr futures.    Option Profile gtwo3