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[GVI Forex 2]

GBPUSD 4 HOUR CHART – STILL FEELING THE EFFECTS…

Key support remains at 1.2232, guarded by yesterday’s 1.2238 low.

To suggest a low might be in or at least a pause , 1.2377+ would be needed

Continue to watch UK gilts and EURGBP for clues to GBPUSD

[GVI Forex 2]

EURUSD 4 HOUR CHART –  103 pivotal

1.03 has traded on 6 of the 7 days so far this year (one exception when it stayed above it

So, when the dust settles 1.03 will clearly be pivotal

Otherwise levels to watch 1.0272 and 1.0358 (key levels 1.0224 and 1.0437/58)

[Mtl JP]

somewhat with reference to cox’s piece I linked earlier
–
FOMC minutes shared that “substantial majority” thought it be ok for the Fed to “take its time” cutting rates

presently players price 0 chance of a cut before july. maybe

[Mtl JP]

Ahead of NFP
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DLRx 108.98 — it is high . IMO
10-yr 4.692 not high nuff, IMO

[Anonymous]

Deutsche going all-in with “this time is different”, saying sell sterling vs a basket of EUR, USD, JPY, and CHF

Do remember some ago some NYC Economist labeled the UK as a new emerging market.

Yet, most forget the heritage of the actual UKs problem. What was that huge abnormal QE doing there at BOE.

There are limits to things, to theories, to economic models et all.
There are breakevens here and there, no matter how resilient they want to show up.
___________________
Btw Resilience is a term that psychoanalysis has stolen from mechanics!
It’s about the endurance of materials, not of people or else.

_________________

That said I don’t know what will happen. But seems clear the old Global model has come to an end.

Suspicion is we are witnessing sort of Neo-Colonial Era 2.0

But this time will be different, as It ever was.

[GVI Forex 2]

Using my Platform as a HEATMAP shows

Markets on hold awaiting the US jobs report in 3+ hours

GS and Citi calling for a weaker report …

But not showing up in bonds, where yields have edged higher

To keep it simple, watch big figures to guide the respective tones post-data

EURUSD 1.03

USDJPY 158** (traded 4 days in a row)

GBPUSD 1.23

USDCAD 1.44

AUDUSD .62**

**More significant big figures than the others

 

[Anonymous]

10 January 2025
Tomorrow I shall be sober – French edition

In our lead story this morning, we write about a budget compromise in France – one that mostly ignores the fiscal trajectory agreed with the EU – the new stability is already dead on arrival; we also have stories on the logical fallacies behind Friedrich Merz’ economic strategy; on the fall of demand for electric cars in Germany; on the high degree of interconnectedness in the global gas markets; on Scholz’ veto of arms deliveries to Ukraine, and, below, on what appears to be an empty threat.

https://www.eurointelligence.com/

[Mtl JP]

Global Financial Crisis ….. of 2007-09 ?

gawd-dawn it! is taking the german long long time to clean house
sounds like the german is a glutton for prolonged pain

[Anonymous]

BREAKING 🚨: Germany

Germany saw 4,215 corporate insolvencies during the 4th quarter, the most since the Global Financial Crisis

[Mtl JP]

10-yr at 9:49 PM EST 4.683%

here is jeff again:

Friday’s jobs report could present a mixed view of the labor market. Here’s what to expect

[GVI Forex 2]

In our blog

While most (if not all) retail traders do not trade off monthly charts, it pays to keep an eye on them for the major trends. Only those with deep pockets or those who do not use leverage can ignore the noise and have the staying power to trade off these longer term charts.

Can I Use Monthly Charts to Trade Forex?

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2660.00, 2640.00 & 2620.00

Resistances : 2680.00, 2695.00 & 2735.00

As proven time and time again , my “Historical” trend lines and angles are working perfectly.

But what does it mean ???

Well, if Gold manages to go over 2735.00 in coming days, we should be seeing new Rally in which case Target is in 3.000 area.

But if not, it is going to be a prolonged correction, lading all the way to 2320.00

[Belgrade Bobby]

EURUSD Daily

Downtrend is intact – so far so good.

Only thing that bothers me right now is a lack of a new low today – and it is easy to blame it on President Carters funeral ( he left us way too early…) , but I still don’t like it.

You might think that I am trying to find a needle in  a haystack , but I know exactly what am I saying : Patterns are never wrong , and by current one we should see another test Up tomorrow – so be aware of that possibility!

Resistances : 1.03250, 1.03450 & 1.03850

Supports : 1.02850, 1.02500 & 1.02250

[Belgrade Bobby]

Why is Crypto market in Red today?

Reasons are many, but one obvious jumps out – Overbought – Correction is not only necessary, but underway….

So let’s see how The Top Coin – Bitcoin looks on the daily chart

Fact that Upward Trend is broken cannot be denied, but for Bitcoin to continue Down is more important how it is going to close tonight – below that trend line or above it.

Be aware that Upward Angle is lost, and it suggest more losses to come.

In my opinion, for BTC to regain strength and be able to make renewed attempts Up , it must not lose 87.350.00.

As long as it manages to stay within the Upper Channel, it will be able to make new rally.

For more Crypto insights continue reading….

[GVI Forex 2]

Source: Reuters

[GVI Forex 2]

US500 4 HOUR CHART – NO CHANGE

No change from yesterday except we are one day closer to the Dec jobs report.

to prevent another run at 5800, 5862 needs to hold…. 5862 was tested and held dead on… yet another example of the power of The Amazing Trader_

Otherwise, no change…while within 5800-6000, look for 5900 to set the tone but needs 5917+ to negate the downside risk

[Anonymous]

The cost of French debt reaches new heights

The rate reached 3.4% and the risk premium continued to widen close to 90 basis points and move closer to Italy’s. This is a movement that is part of a general context of rising long-term rates.

It’s a movement that won’t simplify the government’s fiscal equation. The yield of the ten-year French sovereign bond reached 3.40% in the morning on Thursday, January 9 – highest since 2011 – before returning to 3.38%. The yield has increased by 20 basis points since the beginning of the year.

[Anonymous]

France

Bankruptness: the EPP time bomb
With a bleak economic context, some small businesses find it more difficult to repay their state-guaranteed loans. This will fuel the 2025 defaults, which are expected to peak.

66.422. This is the number of company failures in France in 2024. An increase of 28% compared to the pre-Covid period, according to BPCE figures The Observatory published on Wednesday.

The State-guaranteed lending scheme helped companies, the majority of which were SMEs and SMEs, to hold the shock during the COVID-19 pandemic.

[Mtl JP]

10 days and 22hrs …
–
Microsoft contributes $1 million to Trump’s inauguration fund
Google donates $1 million to Trump’s inauguration fund, joining other tech giants

hahaha, and they dont feel one once worth of shame or embarrassment
the grifters that they are

did you see zooki’s watch the other day as he was “getting new religion” ?

[Mtl JP]

Rafe / January 2, 2025 at 1:31 pm
Mtl JP Best Female Traders

[Author]

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