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[Belgrade Bobby]

EURUSD 4h

Current situation :

As long as above 1.05600 will test higher

Resistances : 1.05900, 1.06300 & 1.07050

Supports : 1.05600 , 1.05350 & 1.04750

[SF Monedge]

This may sound a bit ridiculous to some but I largely operate on a sine wave basis since I have a military background using sine waves to tune weapons systems and have been able to (somewhat) redesign algorithms to reasonably match it.  You would be surprised how similar markets move in that fashion.

At present Euro is right in the middle of an intermediate wave and so it would be a roll of the dice either direction here.  And since the Eurozone is under reconstruction fundamentally I definitely prefer the sell side on pull ups.

[SF Monedge]

UsdSingapore and UsdHong Kong are laboring and I believe it is due to money flowing into US stocks and out of Bonds since institutions expectedly took their shot in that one last week.  For now.

Although Usd is laboring against those cross pairs I am not seeing carryover into EurGbp or EurChf like there is in the majors and so am not yet enthused about the buy side there.  Would need to see more.  Money is flowing into those two but the horizon is under pressure.

[SF Monedge]

Jay – I have been on the buy side of UsdJpy overnight but may shift anytime here to the sell side but prefer the buy side from lower.

[GVI Forex 2]

SF when you say buy yen pairs do you mean buy yen and sell another currency.

I know you often think in terms of futures.

[SF Monedge]

SO FAR entering the week.  I like Australian Dollar, Sterling, to a lesser extent Swiss Franc, and depending on a few things Euro on dips but my preferred side with that one still is the sell side. The buy side of Yen pairs is the best for me entering the week.  UsdChf is bottoming in likelihood, but there could be another little stop run downhill prior from here.

[GVI Forex 2]

USDCAD is not immune from positive fallout from China… charts show little support given the straight line up so treat it as a retracement unless 1.4000-40m is taken out… bigger mover in CADJPY (UP)

[GVI Forex 2]

EURUSD 1.0570 LAST… Break of 1.0561 paused 2 pips above 1.0556 to check the downside

AUDUSD trading above .6455, AUDJPY firmly above 97.08

Scroll below for earlier updates

[GVI Forex 2]

USDEJPY 4 HOUR CHART –  UPSIDE RISK

A firm break of 150.76 would expose the key 151.21 high and a risk that the 150 pattern will be broken to the upside.

BaCk below 150.50 would be needED to ease the risk.

Note AUDJPY a factor supporting USDJPY

[GVI Forex 2]

EURUSD 5 MINUTE AMAZING TRADER CHART

You can see why EURUSD was sewtup to back dowqn… but in a range as long as 1.0561 holds as support (same support on a 15 minute chart)… below 1.0561 is 1.0556 and the 1,0550 magnet

[GVI Forex 2]

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

A seemingly robust U.S. employment report did little to dissuade markets that another Federal Reserve interest rate is coming this month, and China added to the easy money mix on Monday in a historic change of monetary stance.

With the European Central Bank, Swiss National Bank and Bank of Canada among the major central banks expected to ease policy again this week, markets remain buoyant and Wall Street futures hover near their latest records.

Morning Bid: Fed cut gets baked in, China shifts monetary stance

[GVI Forex 2]

NEWSQUAWK US OPEN

China’s Politburo sparks risk-on sentiment, but gains in equities have faded

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 initially gained, taking impetus from positive commentary via the Chinese Politburo; upside which has since faded. US equity futures are mixed.

China’s Politburo says next year must seek progress while maintaining stability; China’s fiscal policy to be more proactive next year. Monetary policy is to be moderately loose, via Xinhua.

Dollar is at incremental session lows; Antipodeans benefit from the positive sentiment, whilst havens lag.

Bonds were initially weighed on from the Politburo read-out, but now off worst levels; USTs a touch lower whilst European paper is slightly higher.

Commodities benefit from the risk tone sparked by the positive commentary from the Chinese Politburo.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

XAUUSD 4 HOUR CHART – CONSOLIDATION OR MORE?

The failure to break the 2620 level cited here has contained the retracement that now needs to establish above 2657 and firmly take out 2666 to break the current consolidation range.

Expect support on dips if it can stay above 2650.

[GVI Forex 2]

EURUSD DAILY CHART – A CASE FOR AN UPOTREND??

While charts show the latest episode to the downside is over, EURUSD would need to trade above 1.0610 and then break 1.0630 to make a case for an uptrend.

If it trades 1.05-1.06, then 1.-550 will either act as a magnet or a bias setter.

[GVI Forex 2]

AUDJPY 4 HOUR CHART – TOP OF THE RANGE

97.08 is top of the consolidation range that would need to be broken to suggest more room on the upside,
‘
If broken, then 97.50-55 would be next with 98 area ABOVE IT.

Otherwise range stays intact if 97/08 stays untouched

[GVI Forex 2]

AUDUSD 4 HOUR CHART – RESISTANCE LOOMS

Resistance at .6445-55 looms. Break would expose .6500 area…

…But could be tough ahead of RBA decision

[GVI Forex 2]

The first thing I do when starting my day is to look at my platform as sort of a heatmap to see the winners and losers as well as the price action overnight.

AUDUSD so far is the winner (ahead of RBA)

USDJPY is firmer above 150 but…

GBPUSD is the 2nd winner
\

[Jkt Abel]

Buffett was there and he was talking shit to btc

[Jkt Abel]

Still Buffett does not want any of bitcoin in his portfolio

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

On Tuesday, Australia’s RBA is expected to hold rates steady, with no changes likely until February or May. Germany’s CPI is forecast unchanged at -0.2% monthly and +2.2% annually, with HICP at -0.7% monthly and +2.4% annually.

Wednesday, US CPI is projected at +0.3% monthly and +2.7% annually, with core CPI steady at +0.3% and +3.3% annually. This keeps Fed expectations split between a 25 bp cut and no action. Canada’s BOC is expected to cut rates, likely by 50 bp, reflecting weak data and rising unemployment.

Japan’s PPI is estimated at +3.4% annually, driven by rice shortages and reduced utility subsidies. The BOJ may raise its overnight rate to 0.5% at its Dec. meeting.

Thursday, Australia’s labor report forecasts a 25K job gain, with unemployment ticking to 4.2%. UK GDP is expected at +0.2% in October. The ECB is likely to cut rates by 25 bp amid downside risks, while US PPI is forecast at +0.3% monthly and +2.6% annually.

Econoday

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