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[SF Monedge]

JP – December 23, 2024 at 2:09 pm

I ran Fortune 500 programs coast to coast and multi state association in banking and related.  I really like what Musk is doing, and other than some personalities I find deplorable this team is overdue for the USA economy.  The way things have been run is the most absurd, disgusting example of garbage I have ever seen.  I would have fired almost everyone, and I am know as the last one who would fire anyone.

Running lofty things is not a beauty contest.  Although it does run much better when the morals and values are not fake and the people are actually caring and not fake.

[GVI Forex 2]

Stocks slipping so touch of risk off… all about positiuon adjustments than any news

[GVI Forex 2]

Big downside in consumer confidewnce but no fx reaCTION

[GVI Forex 2]

Next focus is on Conf Board CB due at the top of the hour… scroll below for an earlier update u

[GVI Forex 2]

Trading Tip of the Week posted in the Global Traders Association (GTA)

If you are not a member of GTA

Register here… membership is free

[Mtl JP]

yes yeS yES YESS !
setting up friction of not outright fight between jerome’s gang and trump’s w/h

Bloomberg news › articles › 2024-12-23 ›
elon-musk-makes-overstaffed-fed-target-in-quest-for-efficiency
Elon Musk Makes ‘Overstaffed’ Fed Target in Quest for Efficiency …

The central bank in charge of protecting the world’s largest economy is “absurdly overstaffed,” Musk wrote on social-media platform

[GVI Forex 2]

Sticking with shoret time frames… EURGBP back above .8300, EURUSD back to 1.04

[GVI Forex 2]

EURGBP high at .8305… last.8295

UDF is up vs all… JPY weakest so the underperformer

[GVI Forex 2]

EURGBP 1 HOUR – Reversal of fortune

At this time of year straight lione moves generally suggest real money flows

After lagging EURUSD earlier the reverse is happening as FURGBP rebounds.

.8313 is a key resistance.

[GVI Forex 2]

USD catching A BID…FOCUS OF US data out today is Conference Board Consumer Confidence, expectrd to show a rise

See our Economic Data Calendar

[GVI Forex 2]

While not as important as 1.05, EURUSD has traded on both sides of 1.04 on each of the past 4 days.

[GVI Forex 2]

NEWSQUAWK US OPEN

European equities mostly lower while US futures gain, USD firmer ahead of data

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 lower, US futures higher with modest outperformance in the NQ.

Dollar is firmer and holding around 108.00, GBP little changed after UK shows no growth in Q3.

Bunds & Gilts pressured in thin trade, USTs flat into data.

Gas heats up on updates out of Qatar and Russia; Crude/XAU flat.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

XAUUSD 1 HOUR –   2600 or 2640?

Key resistance 2640…upside capped while below it and dependent on 2617 and the trendline holding or risk a return to 2600

[GVI Forex 2]

EURUSD 1 HOUR CHART – THAT TIM,E OF YEAR

Technical analysis works because others follow the same indicators, patterns, levels, etc. When no one is playing the game, such as now ahead of Xmas, you can’t count on technical to  follow through.

With that said, what caught my eye is EURUSD’s pause below 1.0450, which keeps thoughts of 1.05 at bay and the downside more at risk.

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

Starting off the week on Monday is Canada’s monthly GDP. After a muted 1.4 percent year on year rise in October, forecasters expect November to go up a bit more at 1.8 percent on year.

US consumer confidence is forecast to show another increase in December, from 111.7 to 113.0.

On Tuesday, US new home sales are seen recovering to a 664,000 annual rate in November after plunging to 610,000 in October from a strong 738,000 in September. Weather depressed sales in October. That’s not seen as a factor in November but rising mortgage rates are.

Thursday, US job claims are seen rising to 223,000 this week, not far off the four-week moving average of 225,500 after an unexpected drop of 22,000 to 220,000 last week.

On Friday, Japanese payrolls are expected to post their 28th straight rise on year in November amid widespread labor shortages. Japan’s unemployment rate is forecast at 2.5 percent after ticking up to 2.5 percent in October and improving to an eight-month low of 2.4 percent in September from 2.5 percent in August. The government continues to describe employment conditions as “showing signs of improvement” in its latest monthly economic report.

Meanwhile, Japan’s industrial production is forecast to post its first drop in three months in November, down 3.5 percent on the month.

Econoday

[Idris Sagamu]

THANKS jey
i sincerely appreciate the lesson video about the [FADE]
thanks alot

[GVI Forex 2]

Those trading the past few days should have noticed a series of one way moves

This suggests an end-of-year holiday market dominated by real money flows driven by position adjustments/book squaring rather than fresh positioning that are harder to absorb as participation tends to fall with each passing day… READ HOW, CLICK BELOW.

How to Trade in a Holiday Market

 

[GVI Forex 2]

Trading Cheat Sheets

Candlesticks: For those of you that are familiar with the use of Candlesticks , here is something that might make you smile :

[Belgrade Bobby]

Trading Cheat Sheets

Click HERE

[GVI Forex 2]

It is no coincidence when a pattern repeats itself twice in a month with 2 different currencies.
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The Magic Levels Trading Pattern Strikes Again

[Author]

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