-
Search Results
-
GBPUSD 15 MINUTE – Roadmap
Similar to EURUSD, this is one way to use The Amazing Trader
1.2977 break => 1.3002 => If 1.3002 become upport then 1.3027 come on the radar
GBPUSD 15 Minute Chart -Intra-day resistance
You can see where 1.2977 resistance comes from… it is an >Amazing Trader (AT) chart level and its importance is based on AT logic
A break of this level would confirm the end of the down episode (it is also the initial target for the bounce off the low)
Newsquawk US Oprn
US futures mixed, GOOGL beats, DXY lower ahead of US ADP, PCE Prices/GDP Advance & GBP awaits Budget
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 opened in negative territory and continued to trundle lower as the morning progressed, Tech lags post-AMD
Stateside, futures are firmer but only modestly so with Alphabet supporting as AI bolstered cloud performance
DXY briefly dipped below the 104.00 mark, EUR aided by hawkish-data while GBP awaits the budget
USTs continue to gain after Tuesday’s 7yr into Refunding, Bunds weighed on by data
Crude firmer after the surprise inventory draw with specifics otherwise somewhat light, XAU at another ATH
Try Newsquawk for 7 Days FreeNot signed up to our squawk service yet?
Listen to our team of analysts broadcast the news that will impact the markets as it happens, and never be caught off guard again.
Cancel anytime – free for 7 days
EURGBP 30 MINUTE CHART – REAL MONEY BUYINH
EURUSD 1.0835
GBPUSD 1.2974
EURGBP .8351Scroll down for a EURGBP update… also resistance at .8352,66,83
Note when you see a one-way move such as the one today in EURGBP it Suggests rea; money buying ahead of the UK budget announcement.. see preview
EURUSD 4 HOUR CHART – Bullish or not?
Current Pattern: 5 days in a row seeing the 1.08 level trade… while a break of this pattern would send a bullish signal EURUSD would need to make a firm move above 1.0873 to confirm.
Look for 1.0850 to now be pivotal.in setting the day tone.
Back below 1.0839 would cool the risk if it fails to become support.
If you are looking for a flow driving EURUSD demand, look at a EURGBP chart.
EURUSD 30 MINUTE CHART – Will 1.08 trade again?
As noted in the eek ahead and again yesterday, my view is to treat moves to the upside as retracements unless 1.0839 is firmly taken out.
See this chart and how the Amazing Trader resistance line held.
Now we see if 1.08 can exert a magnetic pull as it enters a 1.0800-10 support zone.
Note how EUR crosses have undercut the earlier EURUSD bid (e.g. EURJPY held resistance, EURGBP dips).
EURJPY 4 HOUR CHART – Retests the high
JPY weakness following Japanese elections is providing offset support to currencies such as the EUR and GBP while upporting USDJPY.. Curious that AUD has not benefited.
As for EURJPY, yesterday’s 166.08 high has been re-tested and its significance is there is little on the upside for another 9-10 big figures. This makes 166,08 a key level.
Note this follows yesterday’s bounce from just above the bottom of the ipoening week gap.
Newsquawk US OPEN
Equities lifted and oil sinks as traders digest Israel’s limited strike on Iran
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 on a firmer footing, traders garnering optimism following the relatively moderate Israeli attack on Iran, which saw the former avoid hitting energy/nuclear facilities; US futures also benefit.
USD is mixed, losing vs EUR & GBP but significantly stronger vs JPY after the Japanese general election which has seen the ruling coalition lose its parliamentary majority.
Bonds are pressured by the removal of geopolitical risk premia, but have lifted off lows in recent trade given the continued pressure in oil prices.
Crude gapped lower overnight and has continued to slip since the European cash open; Brent Jan’25 currently at lows of USD 71/bbl. XAU/base metals are also pressured.
Not signed up to our squawk service yet?
Listen to our team of analysts broadcast the news that will impact the markets as it happens, and never be caught off guard again.
Cancel anytime – free for 7 days
