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[GVI Forex 2]

XAUUSD extenduing its high abpove $2700… 2721 is the nexst obstacle before 2750-90 comes on the radar.

[GVI Forex 2]

US 10 year back to pre-data level (4.242%) ahead of 10-year auction

Giving USD a lift

[GVI Forex 2]

BoC cuts 50bps as expected… but statement less dovish… USDCAD dips

[GVI Forex 2]

EURUSD 1.0501: Traded technically with stall 2 pips shy of 1.0539 and then baCK TO 1.05- focus will shift to ECB tomorrow

USDJPY back to 152

eurgbp EXTENDS LOW TO .8230… GBPUSD LAgs, EURUSD leads

BoC on deck

[GVI Forex 2]

USDCAD 4 HOUR CHART – NEXT UP THE BoC

50bps rate cut expected so the surprise wopuld be a 25bps cut

Range is 1.4156-1.4195, too tight to last after the decision.

Price aCTION suggests a possible defense of 1.42 but only back below 1.4150-56 would deflecft the risk.

[GVI Forex 2]

Nice scalping by following US bond yields

[GVI Forex 2]

US CPI… no surprise… Fed rate cut a near certainty

[GVI Forex 2]

EURUSD 4 HOUR CHART – LEVELS TO WATCH

1.05 WILL DICFTATE THE TONE

suPPORTS:

1.0487
1.0472*
1.0457*
1.0425*

RESISTANCE
1.0518
1,0529
1.0539*
1.0568*
1.0594*

[GVI Forex 2]

See consensus forecasts for U.S. CPI in our

Economic Calendar

[GVI Forex 2]

Reference points ahead of US CPI

US 10 year bond yield

CME Fedwatch odds for a 25bps Fed De3c rate cut (86/14)

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Amanda Cooper.

The dollar’s supremacy has been one of the big stories of 2024 and, based on U.S. President-elect Donald Trump’s proposed “America first” agenda that includes trade tariffs, this story is likely to continue next year.

Morning Bid: China’s yuan plans and a look at inflation

[GVI Forex 2]

NEWSQUAWK US OPEN

DXY bid on reports that China is considering allowing the Yuan to weaken in 2025; US CPI due

Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

European bourses began the session entirely in the red, but sentiment has improved to display a mixed picture; NQ incrementally outperforms in the US.

Dollar bid as markets digest reports of China allowing a weaker yuan, JPY choppy amid BoJ sources.

China’s top policymakers are considering allowing the Yuan to weaken in 2025 as Trump tariff looms, via Reuters citing sources

Mixed performance for paper, US 10yr supply looms.

Crude initially hampered by Yuan-reports, but has since pared with crude now at session highs; metals on the backfoot.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

USDJPY DAILY CHARTT – VOID

As this daily chart shows there is a void of resistance level to go after until above 155 so use 152 as the new bias setter.

In the absence of nearby resistance, here are FIBOS for 156.72-148.65 (50% just completed)

[Mtl JP]

08:30nyt US CPI on deck:
see https://global-test.financialmarkets.media/economic-calendar/ for concensii

some speculate that IF cpi comes in hotter than concesus
market reaction could be vicious

note: nytimes.com – 6 days ago
Fed Chair Powell Acknowledges Inflation Is a ‘Little Higher’ Than Expected

looks like a matter of interpreting english language by jeroem vs that by market and the gap size between

[GVI Forex 2]

JP, to state the obvious, I would position into the data but unfortunately there is no free lunch in trading.

Otherwise, keep powder dry to take advantage of news like just now in the JPY.

[Mtl JP]

9:13am’s “Lagging EURUSD as EURGBP” — do u look at the EZ/UK spread ?

[Mtl JP]

Jay re your “wish I had a crystal ball” so fasten your seat belt
not sure how your wish has anything to do with my seatbelt unless you are somehow trying to suggest to reduce my risk exposure and breath deliberately to calm down hormones to reduce potential panic reaction

BUT TELL ME … how would your trading be different if you did have a crystal ball, one that was male or one that was female , but you could only have one ?

[GVI Forex 2]

This headline blindsided the market…USDJPY spikes above 152… My thanks to Newsquawk.com for reporting this

[GVI Forex 2]

Pivotal level day

EURUSD -.1.05 clearly pivotal after brief break below it (low 1.0488)

AUDUSD – .6350 is pivotal after brief break of major .6358 support (low .6340)

USDJPY 151.50 nand 152 are both pivotal, so far staying below it after trading above it yesterday

GBPUSD- Lagging EURUSD as EURGBP remain soft biut 1.2750 is pivotal here as well

[GVI Forex 2]

I wish I had a crystal ball so fasten your seat belts for the US CPI ride

Using my platform as a heatmap, USD is up excdept vbs JPY and an unmchanged CAD

[Author]

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