[GVI Forex 2]

EURJPY 5 MIN CHART – Look at EURUSD after EURJPY topped out

[GVI Forex 2]

Look at long JPY crosses unwinding for a source of EURUSD and to a lesser extent GBPUSD demand… test for EURUSD will come when unwinding is done

[michael Calif]

continuing post:   Law of Time is Long Euro futures.    Option Profile gtwo3

[GVI Forex 2]

EURUSD rebound coming after limited fallout from French vote in a markjet that factored in the worst which did not occur.

Key levels are at 1.0584/1.0596 and of course 1.0610 as we are BACK TO SQUARE ONE WHERE WE STARTED THE WEEK. .

It is hard to suggest a breakout ahead of US jobs but risk is on the upside while above 1.05509.

[GVI Forex 2]

News algos reacting o rise in jobless claims but it is not signifdicant or an indicator of Friday’s NFP.

Use EURUSD 1.0550 as the bias setting pivotal level.

[GVI Forex 2]

Newsquawk US Open

US Market Open: Bitcoin pushes past 100k & USD remains on the backfoot

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.

4 Things You Need to Know

European bourses opened flat but started grinding higher shortly after the open despite relatively quiet newsflow; France’s CAC 40 shrugged off the vote of no confidence which played out as expected.

USD remains on the backfoot vs. peers following yesterday’s ISM-induced move in yields; EUR on a firmer footing vs. the USD with not much in the way of follow-through selling from the collapse of the French government.

Crude futures holding a modest upward bias after selling off in the US afternoon on Wednesday, which was later attributed to a bank offloading a large volume of US oil futures contracts ahead of today’s OPEC+ meeting.

Bitcoin climbed above the psychological USD 100k level for the first time ever and continued to advance with prices underpinned after US President-elect Trump picked crypto-backer Paul Atkins to lead the SEC.
 

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[Belgrade Bobby]

EURUSD Daily

Supports : 1.04600 , 1.04250 & 1.03350

Resistances : 1.05450 , 1.05950 & 1.06100

This is NOT a good close today for EUR Bulls – this is a Bearish pattern.

Unless something unexpected happens tomorrow and pair rally over 1.06100, we’ll have a continuation of the downtrend.

[michael Calif]

previous posts:    Law of Time is Long Euro, Yen, and 10yr futures; buying any and all dips.    Option Profile gtwo3

[GVI Forex 2]

EURUSD dips through 1.0480 suppport as LaGarde speaks…key level is the 1.0460 low

[GVI Forex 2]

NEWSQUAWK US OPEN

US futures tilt higher ahead of Powell & European paper awaits French no confidence vote

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.

4 Things You Need to Know

European bourses are mostly trading in positive territory; US futures tilt higher ahead of Powell and a busy data slate.

USD is broadly firmer vs. peers, AUD lags post-GDP, and GBP was weighed on by commentary from BoE’s Bailey who said he sees four 25bps cuts in 2025; a move which has since pared.

European paper awaits French no confidence vote at 15:00 GMT.

Crude holds an upward bias, WSJ reports that Saudi aims to keep oil prices elevated rather than chase market share; XAU/base metals are subdued amid the slightly firmer dollar.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

Using my platform like a heatmap shows JPY and AUD as the biggest losers., Unwinding of long JPY crosses likely helping to keep EURUSD pinned at 1.05 and some support to GBP as well in what is a generally up day for the USD ahead of key events.

 

[ST London]

EurJpy

What is becoming apparent is that 156 is a line in the sand for 153.5 then 135

[GVI Forex 2]

fwiw eurusd 1.0538 STILL CAPS THE UPSIDE.

[SF Monedge]

The caveat with Euro is the meltdown of France’s political system this week and the Geo conditions.  My preference in that one remains short until we see Dow 4400 or lower, which I believe is pending.  Unless we get something very positive fundamentally, because for now stocks have shifted to a stock picking environment.

[SF Monedge]

Larger picture I would be on the buy size of AudNzd from nearby levels for 1.1150 or better.  These sells are the conclusion of an intermediate sell cycle in that pair and others, including Michael’s Euro view.

Due to the increasingly hair trigger Geo conditions I would not bet against Swiss Franc and am in the process of scaling positions in it.

[SF Monedge]

Michael – regarding your post on bias shift in Euro, not today in my view but I see growing conditions for that to filter in as soon as tomorrow, I posted this yesterday …. “I see some conditions that point toward EurGbp pulling up toward 8400 in coming days”.

The cross is doing it just not the major yet.

[SF Monedge]

Sell side of AudNzd looks decent to me at the moment from 1.102 or under.  Flows have been hitting prime spots in the European session of late making the US session a bit difficult, but I have been finding good situations in crosses.  Yen has legs, period, so the sell side of Yen pairs is prime.

[michael Calif]

Nov 14 repost.    daily charts.    Law of  Time remains Long Euro futures; prices are at the end, not the beginning, of price decline.    Option Profile gtwo3

[GVI Forex 2]

Savvy trader so far looking savvy with his timely update.

Latest USDJPY and EURJPY Updates From the Savvy Trader

[SF Monedge]

EurGbp is entering overdone activity at 8312 in my view even if temporary.