[GVI Forex 2]

EURGBP (weaker) is one flow causing EURUSD to lag a firmer GBPUSD.

[Belgrade Bobby]

GBPUSD Daily

Cable met a fierce resistance at 1.29700 ( 1.29743 to be exact)

Now Resistances are at:

1.29300, 1.29550 & 1.30000

Supports: 1.28850, 1.28600 & 1.28050

Tomorrow we should see another test of 1.28850

[GVI Forex 2]

This is a good time to revisit this blog article

Note in the chart posted below how EURGBP found support, bounced and how GBPUSD, initially boosted by this selling of this cross,  lost its bid.

How You Can Use Currency Crosses to Trade Spot Forex

[GVI Forex 2]

Notice how GBPUSD lost its bid after a sell order in EURGBP was filled.

EURUSD initially bounced on the bounce in EURGBP (last .8362 vs an .8345 low).

EURUSD has since followed GBPUSD lower with a lag, moving back below 1-08 so far holding above the earlier 1-0790 low.

Sojeep an eye on this crossw as you can see how crosses can give a clkue to what isa driving the spot market.

[Belgrade Bobby]

GBPUSD

Daily Supports: 1.28850, 1.28500 & 1.28050

Daily Resistances: 1.29300, 1.29700 & 1.30100

Weekly Supports: 1.28850, 1.28500, 1.27750 & 1.26600

Weekly Resistances: 1.30150, 1.30450 & 1.30800

Read more

[Dora]

GBPUSD 1h chart – took first trade and did everything by the book. Second one ( retest pattern) I have decided to sit longer – was using previous profit as a stop and it ended great.

[Dora]

GBPUSD – Second trade 

[Dora]

GBPUSD 1h chart – took first trade and did everything by the book. Second one ( retest pattern) I have decided to sit longer – was using previous profit as a stop and it ended great.

1.

[David Shepherd]

Selling gbp USD after the false breakout to the upside

[GVI Forex 2]

US OPEN

European risk sentiment slips, USD firmer and Bonds bid post-FOMC

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 risk tone deteriorates with US futures also slumping into the red, potentially driven by EU fiscal focus, post-FOMC pullback and attention returning to tariffs/trade.

USD up vs. peers, Antipodeans lags, EUR slides and GBP eyes BoE.

Bonds are bid post FOMC & as the tone deteriorates, Gilts lead on data & reports around the Spring Statement.

Crude succumbs to the risk-off sentiment, with base metals also heading lower.

Try Newsquawk for 7 Days Free

[David Shepherd]

GBPUSD has said it all after the consolation. We later out line the best setup to sell.

[GVI Forex 2]

 

US OPEN 

USD firmer, EUR and GBP hit by JPY-action on Ueda’s press conference, US futures a touch firmer ahead of FOMC

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 on the backfoot with the risk tone dented as a few potential factors influenced, US futures modestly firmer pre-Fed

USD firmer, EUR and GBP hit by JPY-action on Ueda’s press conference; BoJ itself was as expected, Ueda began balanced but had some hawkish points in his presser

Fixed income initially benefited on the slip in the risk tone but has since eased off best with USTs now slightly softer into the FOMC

Crude remains pressured after Tuesday’s geopolitical developments while Gas has picked up as strikes on energy infrastructure seemingly continue

Ukraine’s Zelensky to speak with US’ Trump on Wednesday and hopes a ceasefire will eventually be implemented

Try Newsquawk for 7 Days Free

[David Shepherd]

GBPUSD turned bearish to take out the recent low

[Belgrade Bobby]

GBPUSD 4h

Cable has reached the new high today and stalled in front of 1.30

Supports at: 1.29800 & 1.29550

Resistances at: 1.30 & 1.30450/500

Pattern – Bullish – next leg Up

[Belgrade Bobby]

GBPUSD 4H

Is this a start of run to 1.32 ?

Supports: 1.29400 & 1.29300

Resistances: 1.29750 & 1.29900

We’ve been watching a consolidation from 12th March and it is starting Up again.

Now I don’t want to bother you with details, but one is very important – how Cable is going to close this bar – for more advances I prefer somewhere around 1.29500 and then for the new high.

Worst case scenario is if it closes close to the previous high – than expect a pull back towards MA’s

[GVI Forex 2]

1. 

 

US OPEN<

Spot Gold makes a fresh record high above USD 3000/oz & sentiment lifts ahead of Trump Executive Orders and UoM

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

Stocks gain with sentiment lifted after a strong Chinese session overnight and after the recent market turmoil.

USD mixed vs. peers, GBP soft post-GDP, JPY weighed on by Rengo data, which showed average wage hike less than demands.

Gilts gap higher on soft growth data while JGBs lift on Rengo.

Spot gold makes a fresh record high above USD 3,000/oz; crude oil and base metals benefit from the risk tone.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

As I have noted, when you see a sharp mkve in USDFJPY while others either lag or diverge, look for the offset currency.

IN this case, it appears to have been in AUD and NZD ad well as into EUR although a firmer EURGBP may be giving EURUSD some support.

Life in a mutti-currency centric (as opposed to a dollar-centric) trading world..

[GVI Forex 2]

One ckue (flow) weighing on EURUSD if GBPUSD, down 100 pips from last week’s .8573 high.

[GVI Forex 2]

Using my platform as a HEATMAP

Mixed start to the week

EURUSD backing off towards (but still above) 1.08.… USDJPY weaker ==> EURJPY weaker (GBPJPY as well) asa JPY gets safe haven flows.

AUDUSD, NZDUSD a touch firmer, USDCAD about unchanged

Tariffs, trade war risk, recession talk weighing on US equities

The Savvy Trader was ahead of the curve when he wrote this article’

Is the U.S. headed for a recession by the Savvy Trader?

Light calendar so another headline watching day after Trump weekend comments (scroll below) added to a risk off mood

[GVI Forex 2]

EURGBP is not close to rolling over… all the action is in JPY crosswqs