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[GVI Forex 2]

Global-view.com Giveaway – Round 3 – 27. January – 3. February 2025

Dear Members (and those who wish to participate), we are happy to announce that the Third Round of our Weekly Evaluations is STARTING at Monday– 27.01.2025.

Grand Prize is a Prop Trading Challenge Account – $ 15.000

Second Prize is a Prop Trading Challenge Account – $ 10.000

To remind you all of the Rules :

Global-view.com Giveaway – Round 3 – 27. January – 3. February 2025

[GVI Forex 2]

EURJPY 4 HOUR CHART – TESTS RESISTANCE

Credit again to The Amazing Trader for highlighting this key resistance, which was the start of the move down to the 159.65 low.

Even if you do not trade EURJPY, it pays to keep an eye on it when you sewe the JPY move in the opposite direction of the EUR vs the dollar. ‘

The high in EURJPY coincided with the top in EURUSD at 1,0457.

[GVI Forex 2]

Simple way of looking at it at least IN EURUSD

Made a run at 1.0457… ran into sellers, not stops… ball game over for now

[GVI Forex 2]

A bit of a tug-of-war with USDJPY firming, JPY weaker on key crosses.

Not to pat myserlf on the back so I will give credit to The Amazing Trader for highlighting the EURUSD 1.0457 level.(scroll to see chart)

[GVI Forex 2]

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

Retaining a persistent, if uncertain, threat of new tariffs, U.S. President Donald Trump quickly switched his attention to technology and artificial intelligence this week – exciting the red-hot sector that’s about to report its latest earnings round.

Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology.

Morning Bid: Trump Switches to AI as Tariffs Lurk, Netflix Soars

[GVI Forex 2]

NEWSQUAWK US OPEN

NQ bid after Trump’s AI investment, NFLX +15% post-earnings, softer Dollar supports oil/precious metals

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 trade at best levels, Stoxx 600 makes a record high; NQ outperforms as President Trump announces a USD 500bln AI investment.

USD tilts lower as markets await further developments from the Trump administration.

USTs are a little firmer, Bunds bounce on ECB Lagarde remarks, who is seemingly not too concerned about US tariffs at this point in time.

A softer dollar supports oil and precious metals, but base metals trade mixed on tariff threats.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

EURUSD HIGH 1.0457… DEAD ON

GBPUSD HIGH 1.2376… VS 1.2370 fibo

[Mtl JP]

10-yr Yield 4.57% | 6:00 AM EST

[GVI Forex 2]

GBPUSD DAILY CHART – FIBOS

Keeping pace with the EURUSD rebound but farther away from its next key level (see chart).

‘Using FIVOS from our Fibonacci Calculator shows the 38.2% for 1.2811-1.2098 was tested.

[GVI Forex 2]

GER30 DAILY CHART – UNCHARTED TERRITORY

The DAX continues to trade to new record highs and where it might pause is only a guess.

In this type of market, the only resisatavce is the most recent record high.

In this regard, the last significant high broken is at 20524. ow a minor support..

[GVI Forex 2]

XAUUSD DAILY CHART –  Record high looms

The move above 2725 and then 2750 puts the record 2781 high on the radar. While 2750-2781 is likely to be a sticky zone, the high is at risk as long as it stays above 2750. Only back below 2725 would postpone the risk,

[GVI Forex 2]

EURUSD DAILY CHART – What happened to parity?

Wasn’t the talk of parity just a few weeks ago and now 1.05 looms above.

You can see why 1.0457 is a key level, also a 4=week high.  While 1,05 would likely prove tough, a move above 1.0457 would put it on the radar.

‘On the downside, 1.0435 needs to hold to keep a strong bod. Back below 1.04 would negate the upside risk.

[GVI Forex 2]

Using my platform as a HEATMAP shows

The dollar is trading a touch softer except vs the JPY despite the BoJ likely to raise  rates this week and the BOE and ECB likely to cut.’ One clue may have been another Trump taro\iff threat was ignored.

So, looking for a reason for the recent softer USD, I came across this in a Reuters article..

The dollar looks stretched on positioning, sentiment and valuation metrics – hedge funds last week held the biggest net long dollar position in nine years; ‘long dollar’ is one of investors’ most crowded trades, according to Bank of America’s latest fund manager survey; and Citi analysts reckon the currency is overvalued by 3%.

[Mtl JP]

euro testing 1.0435 4th time on the 15min.

I am baised

[GVI Forex 2]

Here we go again…. but little reaction so far

 

SOURCEl NEWSQUAWK.COM

[GVI Forex 2]

(Reuters) – A look at the day ahead in Asian markets.

Day two of the second Donald Trump administration, and exchange rates are in the global market crosshairs as investors nervously try to figure out how to trade the immediate fog shrouding the U.S. president’s trade policy

Morning Bid: Whipsawed dollar and fog of uncertainty? Get used to it

[GVI Forex 2]

NAS100 DAILY CHART –  Major level cited

Trading bid but faces obstacles at 21650 and 21831 ahead of the major 22141 high. Anything other than a break of the high would be considered a disappointment but trades bid while market tries to make a run at it,

[GVI Forex 2]

US500 DAILY CHART –   Bid but key levels loom

Bid while above 6000 and would needs  a firm break of 6039 )(closing just above it) to put the record 6101 high on the radar.

[GVI Forex 2]

XAUUSD DAILY CHART –  Next obstavle

Finally breaking 2725, which exposes 2750, the last obstacle ypo  enroute to 2781.

On the downside, keeps a strong bid while apove 2725.

[GVI Forex 2]

USDCAD DAILY CHART –Back into its range

Yo-Yo price action continues with USDCAD back into 1.4279-1.4467 where it has traded for over 4 weeks with only a brief exception this week. Next directional move will com from a firm break of this range.

Wide range is now 1.4261-1.4516,

Note, the failure above 1.45 has potential to be a bear signal.

 

[Author]

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