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[GVI Forex 2]

Trying to stand in front of a runaway train is not a trading strategy.

[GVI Forex 2]

EURUSD DAILY CHART – What’s next?

1.0332 IS THE NEXT NAJOR EURUSD target

[GVI Forex 2]

FOMC SWtatement

[GVI Forex 2]

To state the obvious…Markets taking Fed statement as hawkish…

[GVI Forex 2]

Markets move when there is a surprise.

Barring a surprise, either a dovish Fed (doubtful) or a hawkish rather than cautious Fed, there is always a risk of a buy the rumor, sell the fact reaction. This assumes those trading are setup for a hawkish rate cut.

[Belgrade Bobby]

Schlumberger N.V. – SLB

This stock is in long lasting downtrend – back from Jun 2014.

This week it already hit the new low for this year.

Possible supports are at : 35.65 & 30.85

However, if it loses 35.65 this might become a straight forward drop as there is nothing else till about 30.00

[GVI Forex 2]

See our Economic Data Calendar

 

FOMC decision (19:00 GMT)

25bps rate cut discounted…  but caution expected going forwards

Watch the statement that includes the dot plots (Summary of Economic Projections

Fed Chair Powell’s press conference (19:30 GMT)

 

BoJ meeting decision (Thursday)

No change in rates expected,,, focus on expected rate hikes in 2025 and how high they could go (estimates are 1% or less as a peak)

 

Bank OF England rate decision (Thursday)…No change expected

[michael Calif]

daily charts.   Euro Low.   current Nov-Dev low is in direct opposition to thje July ’23 high; continuing to buy any and all dips.   gtwo3

[GVI Forex 2]

EURUSD 15 MINUTE CHART – The Amazing Trader

I am not sure how many of you had this line on your chart but what I am showing is not a coincidence.

There is a reason why this line was more important than the one broken below it and see what happened afterwards

This is why I named it The Amazing Trader

[GVI Forex 2]

Thanks Matthew… pwrhaps we can discuss this further at a futiure time

[GVI Forex 2]

Stocks bounce higher +> bond yields tick up => USD firms… GBPUSD lags (EURGBP .8253)… or maybe USD is up ahead of a not dovish rate cut at the Fed meeting which would be one the first logical price moves seen this week.

[Anonymous]

Taken out liquidity means, there are some buy or sell orders which have been purged by the algorithm, to induce volatility. In the market we have buyers and sellers, if everyone is buying, then no one is selling, the market needs to balance up this action, and that’s where we see price running through obvious levels where the masses place their stop losses

[GVI Forex 2]

Stocks giving back earlier gains (S&P and nas), may be pushing bond yields down a touch … many likely sitting on their hands waiting for the FOMC

[GVI Forex 2]

Hi Matthew,

Thanks for posting

What do you mean by “takwen out iiquidity/”

[SF Monedge]

The sell side of Aud and Euro in general looks decent to me as well as the buy side of Usd/Peso.  Prefer higher levels for entry with Aud and Euro.  I like the buy side of Sterling with a preference from lower levels and the sell side of Canadian Dollar futures (buy side UsdCad).

[GVI Forex 2]

For those following EURGBP for clues the pop from .8250 reached .8272, below .8275-79 resistance… last at ,8263

[GVI Forex 2]

If you are lookjing for why GBPUSD just dipped…look at the pop in EURGBP off .8250…

[Anonymous]

EURUSD has taken out liquidity on the 15 minutes timeframe, price is ranging on H4 and we are at a discount, I believe price will go to this short term highs and take out liquidity

[GVI Forex 2]

6 hours until the FOMC dedcision… bond yields higher… USDJPY catchinhg a bid… US housing starts due next

[GVI Forex 2]

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

For all the extreme bullishness about 2025, Wall Street is just a bit edgy as the Federal Reserve looks set to deliver its final interest rate of 2024 and give a glimpse into next year.

Remarkably, the Dow Jones Industrial Average’s 9-day losing streak is the longest negative run since 1978 – but the index is still just under 4% from record highs set earlier this month.

Morning Bid: Markets edgy as Fed awaited

[Author]

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