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[Mtl JP]

players playing ECB on Thursday
105.05

Sup 1.0475/70. Res 105.50

[GVI Forex 2]

Waking up to some headlines and a firmer USD and there is still US CPI and BoC rate decision to come

Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say

Germany’s Scholz to Submit Parliament Request to Hold Confidence Vote

[GVI Forex 2]

Click below for a detailed preview of US CPI scheduled for Wednesday

Newsquawk Week Ahead: Highlights 9-13th December 2024

 

[Belgrade Bobby]

USDJPY Daily

Supports : 150.900 , 149.350 & 148.650

Resistances : 152.450 , 153.250 & 153.950

Yen has to go above 153.950 to be able to sustain this previous rally .

First real hurdle is 152.450 – if it cuts short attempts to continue Up, USDJPY will face a danger of revisiting 143.450

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.05450 , 1.05950 & 1.06350

Supports : 1.04950, 1.04600 & 1.04250

There is still an Up angle , but this is not a real Up trend !

Momentum is nonexistent and we’ll have to wait for Thursday ECB Interest rates decision and a reaction to it

For now try to play within given parameters – 1.0550 is a pivotal right now.

[Belgrade Bobby]

XRPUSD

After sharp drop , XRP came back with the vengeance – around 20% run from the daily bottom.

As long as it trades above 2.00 should be considered Bullish.

If it takes out 2.65 again, we should be in for the new high.

[GVI Forex 2]

US500 4 HOUR CHART – HGH IS IN FOR NOW

As noted yesterday, failure to take out 6100 finally caught up to US500, where a break of .6062 says this latest episode to the upside has topped out for now.

To suggest a retracement risk, the 6062  (red) line would need to become resistance.

There are layers of support to get through but key area would be around .6000;.

Next event risk: US CPI

[GVI Forex 2]

XAUUSD DAILY CHART –  2700+ Looms

Firm move above 2666 shifts the risk to 2721… a move above 2721 would put 2750-90 (the record high) in play again.

Otherwise, expect support on dips if XAUUSD trades above 2656-66

[Belgrade Bobby]

NIO Inc.

Nio got rejected just below 5.50 – we should be looking at that level as a pivotal point.

Right now 4.70 serves as a first support and if holds we might have another sharp attempt to Up.

However, more important is 4.50 – that one should serve as a foothold for building an Uptrend.

Below 4.50 won’t be good….

[GVI Forex 2]

USDJPY 4 HOUR CHART –Watch 152

Performed technically with the break of 151.21 leading to a test above 152.

152 becomes the pivotal level with a void of key levels above it other than FIBOS

Back below 151.50-, at a minimum, would be needed to ease the risk, below 150.90 would negate the risk.

Event risk: US CPI… new ball game after its release.

[GVI Forex 2]

Michael… can you explain what you mean by long?

Is it trading from the long side?

Is it long through options?

Is it buy and hold?

[michael Calif]

Nov re-post.   daily charts.    Law of Time remains Long Euro, Yen, and 10yr futures.    Option Profile gtwo3

[GVI Forex 2]

Nice EURUSD bounce from 1.,05…Key day level still 1.0534…No news, amany in their bunkers waiting for US CPI.

[GVI Forex 2]

A Case for a Hawkish Fed Rate Cut Decision

While attention is on the December 18 FOMC decision, where a 25bps rate cut is widely expected, the focus should quickly shift to looking ahead. This is especially true if the Fed decision is viewed as a hawkish rate cut.

[GVI Forex 2]

GBPUSD 15 MINUTE – EURGBP driving the bus

Another neat Amazing Trader chart

Algebra 101

EURUSD held 1.05 – for EURGBP to go lower, GBPUSD had to do the work.

[SF Monedge]

A 50% chance that Sterling stalls here near 2755 exists.

[GVI Forex 2]

SF, you should differentiate between a longer term view and day trading.

Re GBP, keep watching EURGBP (last .8241) for a flow keeping a bid under GBPUSD

[SF Monedge]

Jay 3:36 Pt 2  —  As usual it is only a matter of minutes before what I see and post here transpires.  Sterling for example bounced right after I suggested its futures contracts would bounce.  But it would be inadvisable to suggest that intraday buy cycle will persist.  I am eyeballing 2775 for first re-entry on the sell side and a bit higher nearer the figure to add (priority 1 is to establish a position in case it runs out of gas at the first area).

[SF Monedge]

Jay 3:36 – I am all about strong US Dollar going forward.  Any counter flows should definitely be treated as such.  I hope the only people who test that condition are bad people and not nice people.

[GVI Forex 2]

EURUSD tests 1.05… no news… US bond yields still creepintg higher (10 year 4.242%)

USDJPY is above 152 – FIBOS (156.72 – 148.65)

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