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[GVI Forex 2]

For those trading EURUSD (or any currency), I suggest looking at a chart from today and then reading this article

What Does it Mean When a Currency Feels “Bid in an Offered Market?”

[GVI Forex 2]

EURUSD over4night low at 1.0344 untouched, GBPUSD key level 1.2486

[SF Monedge]

I think if DX is going to stall this morning it should be around here at 108.30

[GVI Forex 2]

USDJPY last 157.56

Posted earlier:

You can see why 156.72 (use 156.70-75) is so impoprtant

If firmly broken then 158-160 comes on the radar.

[GVI Forex 2]

Not high impact data but… Existing Home Sales and Leading Indicators beat on upside.

See our Economic Calendar

[GVI Forex 2]

President elect Trump’s remarks that he favors abolishing the debt ceiling has seen a steepening of the curve with long end yields rising.

[GVI Forex 2]

JPY remains under fire, both vs the USD and on its crosses, after the BoJ decision and remarks afterwards werev taken as a sign that the next rate hike would be in March at the earliest

[GVI Forex 2]

EURGBP 4 HOUR CHART – DOUBLE BOTTOM

BOE caught the market flatfooted and this is reflected in EURGBP, which bounced off the major .8223 low to form a double bottom

I like to use this cross to give a clue to EURUSD and GBPUSD, the former finding some support out of a EURGBP bounce while GBPUSD struggles trying to regain its bid.

As the chart shows, resistance is between .8270-00.

[Belgrade Bobby]

Yep Perry…and it was just a begining of the decline…

[Anonymous]

Hi,

 

btw Carl Sagan, back in the 1995, had to say something about the Artificial Economy of nowadays. 

[SF Monedge]

Fairly uninspiring reaction to data.  Sell side of US Dollar is working better for me early.  Stocks have a bit of a buy tone pre-market.

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.04350 , 1.04800 & 1.05350

Supports : 1.03400 , 1.03300 & 1.02650

After almost a month of a sideways, we have a renewed Downtrend.

Major issue is that low at 1.03334 – the way how the market picked up EUR from that level.

Next few days we should be seeing attempts to break it – so depending on the outcome we’ll have a pretty clear situation.

For today : EUR is trying to reach 1.04350 and even to extend it towards 1.04800

Close tonight below 1.04350 ( just below it – give/take few pips) will call for another down attempt tomorrow.

[GVI Forex 2]

Including today, there are only 3 full trading days until Xmas (Xmas Eve is generlly a half day).

This suggests position adjustments rather than adding to risk should dominate… this would have been the case the whole week if not for the Fed throwing a hand grenade at the market.

In any case, this should put a floor under the dollar with any setbacks seen as book squaring/position adjustments.

..

[Anonymous]

Since NVDA entered the DOW30 recently am not considering the DOW as important as It used to be.

Value Vs Growth e.g.

[GVI Forex 2]

Mixed data

Lower jobless claims
Upward revision to Q3 GDP final

Big downside miss in Philly Fed survey

[GVI Forex 2]

Hi Perrie

Maaybe some relief if DOW closes up topday after 10 losing day streak.

[Anonymous]

It is OPEX tomorrow so as the Quarterly Options do expire by month end.

It is a THETA play and Options are becoming worthless.

Yesterday most Options players suffered huge losses. Not sure BUY THE DIP is good idea.

So far, who can really tell

 

[GVI Forex 2]

Next up US data (final GDP, jobless claims. Philly Fed)

See our Economic Calendar

[Anonymous]

What Charts do not tell.-

Fundamental Analysis, Central Banks playing Vegas and the Manipulation of Capital Markets Neo-Wicksell style has just brought us ahead of another and looming Global Credit Crisis.

Recently the WSJ reported that 70% of US Companies (but so about in EU) have released abnormal, unreal balance sheets. Beside that, particularly the EU the Net Debt to EBITDA is manipulated by capital players (funds and banks) so to increase the leverage and credit as values of their assets – to most specialists this has come to unsustainable levels now months already.

Total Debt For Rated U.S. Companies Reaches New High

The total debt load among non-financial US companies with assigned credit ratings from S&P Global Ratings reached a new record in the third quarter.
Combined debt in the third quarter among all rated non-financial companies rose about 0.5% to $8.453 trillion.
Collective debt has grown for US investment-grade companies in all non-financial sectors except information technology and consumer staples.

[GVI Forex 2]

BOE… 6-3 vote gave it a dovish tilt

[Author]

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