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[GVI Forex 2]

USDCAD 15 MINUTE – Defense?

This amazing Trader chart is too neat not to post it.

Double top at 1.4195 suggests there may be a defense oif the 1.42 (options?) level.

[SF Monedge]

An aspect of price behavior I am perpetually dialed in on is what kind of valuations the market is presenting in the US session.  Some weeks there are very good price levels presented and other weeks the optimum levels are presented in the European session, and at times the Asian session.

Two weeks ago there were optimum valuations presented in the US session all week long and your precision could be near perfection.  Last week the condition remained good but was not optimum.  So far this week the levels presented are gone before the US session.

Your participation has to take that into consideration.  How do you approach that?  Patience.

[GVI Forex 2]

SF if you are betting on a weaker uSD then you are betting on a downside miss in CPI, a dovish Fed. or seasonal factors.

By the way, USDJPY perfrorming technically after breaking 151.21

[SF Monedge]

The next near term cycle for Sterling, Yen, Aussie, Euro, Peso, and Franc futures should be the buy side.  The level of conviction on that side I would not expect to be overly robust.

Yen is a bit different.  The BOJ interest rate decision is on December 19th.  Japanese 10yr rates are now sitting at early July highs and after attempting to go higher stalled at the same spot on November 11th.

So if it stalls here again that is three stalls.  One might think this is the tail end of pricing in and reaction to the last action by the BOJ.

Therefore calling a bottom in Yen futures (buy side top of spot pairs) is a bit dicey since the rates could drop and Yen futures with it.

[SF Monedge]

EurChf sell side looks decent from 9280 or higher (better) to me.

[GVI Forex 2]

USDCAD 30 MINUTE – BID AHEAD OF BOC

With the BoC expected to cut rates by 50bps tomorrow, it should not be a surprise to see USDCAD trading with a bid.

The surprise was yesterday’s brief retracement that found supoport below 1.41.

The high set earlier at 1.4195 is key resistance although 1.42 is likely even more important with 1.4661, a 5-year high as the major level.

On the downside, 1.4150-57 needs hold to keep the bid.

[GVI Forex 2]

It feels like a day before the next storm (US CPI)

[GVI Forex 2]

EURUSD 4 HOUR – 1.0500-50

Trading bearish while below 1.0550 but only sub-1.05 would expose supports (1.0472, 1.0457, 1.0425).

Back above 1.0534 would be needed to shift tisk from 1.05 back to 1.0550

[GVI Forex 2]

US 10 year bond yield 4.232%

[GVI Forex 2]

XAUUSD 4 HOUR – RECORD HIGH LOOMS

Upside exposed while above 2657 and the trendline but would need to clear 2676 and more important 2889 to put the recent 2721 high in play.

[GVI Forex 2]

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

Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation.

Morning Bid: Dollar reasserts strength, China fillip fades

 

[GVI Forex 2]

NEWSQUAWK US OPEN

European equities tilt lower, USD gains & AUD lags after RBA’s dovish hold

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 on the backfoot; US futures trade indecisively around the unchanged mark.

USD outmuscles peers, AUD lags after the RBA delivered a dovish hold.

Choppy trade for European paper, US awaits 3yr supply.

Crude edges slightly lower and base metals pare back recent strength.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

EURGBP .8250…breakout below .8267… leaves a void so…

WATCH .8250 TO DICTATE WHAT COMES NEXT

[GVI Forex 2]

US 10 YEAR BOND YIELD… CONTINUES O EDGE HIGHER

 

[GVI Forex 2]

Using my platform as a heatmap

USD is up as market seems to be biding its time ahead of tomorrow’s US CPI

EURUSD still within 1.05-1.06 where Power of 1.0550 sets the bias

USDJPY found support above 150.77… needs to stay above 151.21 to keep a strong bid but t52 a potential obstacle

GBPUSD lagging… note weeaker EURGBP

USDCAD broke its 1.4178 key high but so far not following through

AUDUSD an underperformer (NZDUSD as well), falling after RBA but holding above Monday’s .6372 low

[GVI Forex 2]

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[GVI Forex 2]

With EURUSD trading at 1.0550…

For those not familiar with this term or those who would like a reminder, see this popular articles in our blog

My Favorite Trading Secret: The Power of the “50” Level

[michael Calif]

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

[Belgrade Bobby]

EURUSD Daily

Supports : 1.05250 , 1.04600 & 1.04200

Resistances: 1.05950 , 1.06300 & 1.06950

Close tonight above 1.05550 would give another chance to EUR to push it Up.

Below 1.05400 things are going to start being quite unpleasant for EUR Bulls, but until 1.05250 taken out, it can still go back Up.

[michael Calif]

Nov 17 re-post.    nearby BTC futures have reached the Option Profile target @ 96000.    gtwo3

[Author]

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