[SF Monedge]

SO FAR entering the week.  I like Australian Dollar, Sterling, to a lesser extent Swiss Franc, and depending on a few things Euro on dips but my preferred side with that one still is the sell side. The buy side of Yen pairs is the best for me entering the week.  UsdChf is bottoming in likelihood, but there could be another little stop run downhill prior from here.

[GVI Forex 2]

EURUSD 1.0570 LAST… Break of 1.0561 paused 2 pips above 1.0556 to check the downside

AUDUSD trading above .6455, AUDJPY firmly above 97.08

Scroll below for earlier updates

[GVI Forex 2]

EURUSD 5 MINUTE AMAZING TRADER CHART

You can see why EURUSD was sewtup to back dowqn… but in a range as long as 1.0561 holds as support (same support on a 15 minute chart)… below 1.0561 is 1.0556 and the 1,0550 magnet

[GVI Forex 2]

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

A seemingly robust U.S. employment report did little to dissuade markets that another Federal Reserve interest rate is coming this month, and China added to the easy money mix on Monday in a historic change of monetary stance.

With the European Central Bank, Swiss National Bank and Bank of Canada among the major central banks expected to ease policy again this week, markets remain buoyant and Wall Street futures hover near their latest records.

Morning Bid: Fed cut gets baked in, China shifts monetary stance

[GVI Forex 2]

NEWSQUAWK US OPEN

China’s Politburo sparks risk-on sentiment, but gains in equities have faded

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 initially gained, taking impetus from positive commentary via the Chinese Politburo; upside which has since faded. US equity futures are mixed.

China’s Politburo says next year must seek progress while maintaining stability; China’s fiscal policy to be more proactive next year. Monetary policy is to be moderately loose, via Xinhua.

Dollar is at incremental session lows; Antipodeans benefit from the positive sentiment, whilst havens lag.

Bonds were initially weighed on from the Politburo read-out, but now off worst levels; USTs a touch lower whilst European paper is slightly higher.

Commodities benefit from the risk tone sparked by the positive commentary from the Chinese Politburo.

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[GVI Forex 2]

EURUSD DAILY CHART – A CASE FOR AN UPOTREND??

While charts show the latest episode to the downside is over, EURUSD would need to trade above 1.0610 and then break 1.0630 to make a case for an uptrend.

If it trades 1.05-1.06, then 1.-550 will either act as a magnet or a bias setter.

[Belgrade Bobby]

EURUSD Daily – end of week

Pair finally broke above 1.06100 and got some momentum to the upper side.

Tonight’s close indicate at least another attempt Up on Monday.

Supports : 1.05500 , 1.05250 & 1.05150

Resistances : 1.06300, 1.06800 & 1.07100

[SF Monedge]

That was intense algo price changes in Euro crosses on the data.  I see EurGbp continuing to move down away from 8300 and would love to see one more little pop toward it so I can add.

[GVI Forex 2]

10-year last at 4.163%… earlier dip made no sense but what do I know?

EURUSD held a brief test of 1.0550 (LAST 1.0560)… USD cools as a long as 1.0550 holds

[SF Monedge]

These are relative levels where I expect buy interest to filter in in Euro and Sterling (2740).

[GVI Forex 2]

Commodity currencies getting smacked

USDCAD key level 1.4178, exposed while above 1.4089

USDJPY found support below 149.50

EURUSD typical data whipsaw… needs to hold 1.0550 to limit the downside

Stocks are happy but US500 6100 (tested) needs to be overcome.

[SF Monedge]

I think we see Euro and Sterling buying coming up post-data eventually.  I would not consider selling Usd against Canadian.

[GVI Forex 2]

EURUSD DAILY CHART – KEY LEVELS

1.0610 and daily trendline

[GVI Forex 2]

NEWSQUAWK US OPEN

Stocks steady ahead of upcoming US jobs print

Good morning USA traders, hope your day is off to a great start!

Here are the top 4 things you need to know for today’s market.

European stocks are mixed and U

USD is a touch firmer vs. most peers in the run-up to today’s NFP print, EUR’s rally vs. the USD has paused for breath, JPY and Antipodeans are softer.

USTs are a touch lower following yesterday’s flattening of the curve. Fresh macro drivers for the US are on the light side in the run-up to today’s NFP print.

Bitcoin gradually edged higher and briefly reclaimed the USD 98,000 level after yesterday’s pullback from a record high north of USD 103,000.

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[GVI Forex 2]

EURJPY 4 HOUR CHART – Unwind

Unwinding/retrracing of short EURJPY has again been a focus as market waits for the key US jobs report.

160 is likely pivotal…  a firm move above 159.40 would be needed to expose 160

Resistance band 159.96-160.70

Support at 158,37 would be needed to end the risk.

[GVI Forex 2]

USDJPY 1 HOUR CHART – 6 DAYS IN A ROW

Watch 150 as it has now traded 6 days in a row, currently above it… next directional move will be signaled by a break of this pattern

Looking for the flow?

to be more unwinding nof EURJPY so watch this cross for a clue after the US jobs report.

Supports  149.65-75

Resistance:  150.77, 151.21

 

[michael Calif]

per Law of Time, Euro futures remain Long. along with Yen and 10yr futures    Option Profile gtwo3

[GVI Forex 2]

EURUSD DAILY CHART –  WHY IS THE EURUSD BID

If you look at various EUR crosses it will give you a clue why RURUSDD is bid.

The most obvious is EURGBP but if you fig deeper , look at others such as EURBTC (BTCUSD last at 98300 after hitting a record high at 104000 while EURUSD is near its high for the day).

I am not privy to the flows other than flows other than observi8ng short EUR positions being unwound.

Chart wise, key levels are at 1.0550 and 1.0610 but watch its crosses for a clue..,

 

[SF Monedge]

Risk on Euro is fading at current levels and so the sell side should not experience high loss risk on the sell side from the 0588-98 area.  Tell me why Euro  should run uphill from here from a fundamental perspective.

[GVI Forex 2]

Simple algebra

EUR/USD x USDJPY = EUR/JPY

EURUSD and USDJPY both firmed as EURJPY rose

Once cross topped, EURUSD lost its bid, USDJPY lost its strong bid

US yields slipping, may be boosting JPY

Also BTCUSD last at $100,700 after $100k mission accomplished

Now we wait for NFP roulette.