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[GVI Forex 2]

President-elect Donald Trump said he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026…

… In an exclusive interview with “Meet the Press” moderator Kristen Welker, Trump said, “I don’t,” when asked if he plans to cut short the central bank chief’s term.

[GVI Forex 2]

USDJPY 150 trades for 7th day in a row

[Mtl JP]

… “What can I say about Bitcoin?” …

how about what can you say about yourself ?
when u were there when BTC was $1 or $3 and now at $100 you feel like a champion of MO (fomo without the fo) ?

[GVI Forex 2]

BTCUSD DAILY CHART – What can I say about Bitcoin?

What can I say about something that moves up 6%, then down 13% and back up 11% before settling in a range around 100K?

My first instinct is to say, where’s your stop?

For trading, 100K is the obvious bias setting level and use round numbers like’

90K, 95K, 100K, 105K 110K

rather than fine tune with technical points.

Market will likely stay in a bid on dips mode but needs 100K+ to make it a strong bid.

 

[michael Calif]

all markets appear to respond to 38′ Time vibrations.    6525 nearby Yen futures is one such magnet, which has served as support off the Sep 15 high.    Option Profile gtwo3

[GVI Forex 2]

Time to be on alert.

I have updated this article to highlight the current USDJPY 6-day pattern around the 150 level. The longer it goes on the more you need to be on alert.

The Magic Levels Trading Pattern (Updated)

[GVI Forex 2]

Newsquawk Week Ahead: Highlights 9-13th December 2024

Highlights include US and China inflation, rate decisions from ECB, RBA, BoC, SNB

[Belgrade Bobby]

GameStop Corporation – GME

GameStop Stock Is Up 25% in a Month. Is There More Room to Run?

Shares of GameStop  GME have surged 25% in the last month, as speculative investments such as meme stocks and meme coins have ticked higher following Donald Trump’s presidential election win.

GameStop Shares Trading At Level That Ignores Challenges Ahead
The company has about “$10 per share in cash now, but with no clear strategy to reasonably deploy capital, we don’t believe shares should trade at 3x cash.

[Belgrade Bobby]

NIO Inc.

Nio still holding it’s head above the water.

As long as it can stay above 4.40 there is a chance .

[Belgrade Bobby]

ETHUSD – Ethereum

Yet another day with a new high.

Hurdles on the way are :

4.385.00 , 4.450.00 & 4.870.00

[Belgrade Bobby]

BTCUSD – Bitcoin

Today we saw some savage profit taking , followed by even wilder Buying.

Pattern indicates another strong push up and test of 108.800.00

Resistance is at 105.150.00

[Belgrade Bobby]

EURUSD Daily – end of week

Pair finally broke above 1.06100 and got some momentum to the upper side.

Tonight’s close indicate at least another attempt Up on Monday.

Supports : 1.05500 , 1.05250 & 1.05150

Resistances : 1.06300, 1.06800 & 1.07100

[GVI Forex 2]

AS i WROTE IN MY BLOG ARTICLE,

in general, how markets end a week is generally more important than how they began or the trading in between.

[SF Monedge]

I like the sell side of UsdSingapore around 3420.

[SF Monedge]

That was intense algo price changes in Euro crosses on the data.  I see EurGbp continuing to move down away from 8300 and would love to see one more little pop toward it so I can add.

[SF Monedge]

Yen futures are headed back below 6640 which will assist UsdJpy getting back toward 150.50 in my view.

[GVI Forex 2]

10-year last at 4.163%… earlier dip made no sense but what do I know?

EURUSD held a brief test of 1.0550 (LAST 1.0560)… USD cools as a long as 1.0550 holds

[SF Monedge]

These are relative levels where I expect buy interest to filter in in Euro and Sterling (2740).

[GVI Forex 2]

Commodity currencies getting smacked

USDCAD key level 1.4178, exposed while above 1.4089

USDJPY found support below 149.50

EURUSD typical data whipsaw… needs to hold 1.0550 to limit the downside

Stocks are happy but US500 6100 (tested) needs to be overcome.

[SF Monedge]

I think we see Euro and Sterling buying coming up post-data eventually.  I would not consider selling Usd against Canadian.

[Author]

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