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[Belgrade Bobby]

BTCUSD – Bitcoin

Close tonight above 97.500 opens a road for attempt at the new high – over 100K

I am talking strictly technical – my ideal target is at 108.500 – that would establish a range between 85K and 110K in weeks to come.

[SF Monedge]

I’m out of the UsdChf buy side small +.  Franc futures are fairly sturdy.

[GVI Forex 2]

GBP buying. EURGBP selling at month end fixing

[GVI Forex 2]

US 10 year 4.215%

Note FX correlation (USD up)

Waiting for London fixing and early exits

[SF Monedge]

Peso futures are pulling up so the sell side of UsdMxn may offer a good buy side price coming up.

[GVI Forex 2]

US yields sllding but how much is due to month end rebalancing? We may have to wait for Monday or the early close today. Note Gewrman yields have fallenm sharply over this period as well.

[Belgrade Bobby]

EURUSD Daily – Month end

As I mentioned yesterday, we have seen another Uptick today, but not even close to notorious 1.06100.

Next is to see where are we going to close tonight…

Two options :

–          As long as it closes above 1.05300  pressure to the upper side will continue

–          If eurusd manages to fall below 1.05050 and closes there – sharp move down on Monday

Supports : 1.05250 , 1.05050 & 1.04750

Resistances : 1.05950 , 1.06100 & 1.06600

[SF Monedge]

The standout positive I see today is the president of Mexico stating a tariff war can be averted since her meeting with Trump.  The other wars are still present and it appears the Lebanon ceasefire has already been breached.  So the unsettled Geo condition prevails for now.  All things considered I am patiently waiting for UsdChf to pull up for a sell side entry but not sure we get enough movement today.

One might expect a stock picking environment today.

[SF Monedge]

Yen and Euro futures are trending up in the broader picture.  Anticipating a bit of selling in UsdJpy and EurJpy but there is no data and it is a Friday following a holiday and so it is difficult to expect much.  Prices are also not in prime spots for entry so new entries at current levels are not optimum and subject to reversal.  A bit risky with these pairs this morning if you are not already in positions.

[GVI Forex 2]

At the mercy now of month end flows in a thin market.

Key time is 4PM London fix

[GVI Forex 2]

Here’s a thought

If you are betting on a lower USD you are counting on bond yields moving even lower and they have already come down a lot

[GVI Forex 2]

Black Friday Special

[GVI Forex 2]

p style=”text-align: center;”>Black Friday Special

[GVI Forex 2]

Newsquawk US Open

USD knocked by a stronger JPY, EUR unreactive to Flash HICP

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 near unchanged while US futures are modestly firmer post-Thanksgiving

USD knocked by a stronger JPY. EUR unreactive to Flash HICP

Fixed benchmark in the green, OATs in focus awaiting a Le Pen decision

Crude diverges given the lack of settlement but benchmarks are at the lower-end of c. USD 1/bbl parameters

Metals in the green, gold gleans support from the USD and punchy language around Lebanon

Try Newsquawk for 7 Days Free

[GVI Forex 2]

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

While Americans have been feasting and preparing to shop, U.S. Treasuries have put in a decent rally this week – countering considerable post-election fiscal anxieties as world bonds find a bid more broadly.

While the holiday week and month-end position squaring may explain some of the peculiar subsidence in government yields, the move partly reverses at least one of the prevailing ‘Trump trades’ and has dragged the lofty dollar (.DXY), opens new tab down wi

Morning Bid: Bonds in vogue on Black Friday, yen pops

[GVI Forex 2]

Using my platform like a heatmap… JPY vs the world

[GVI Forex 2]

XAUUSD 4 HOUR CHART –

Trying to build monentum for a run at the rerord 2721 high, 2688 standing in the way.

To negate the risk 2620 would need to be broken… for day trading, supports at 2658. 2650, 2633

[GVI Forex 2]

EURUSD 4 HOUR CHART – Month end

Finds a bid IF it can stay above 1.0550 but would need to break 1.0610 to make this more than a retracvement, note the word IF

Note this is month end (and not a normal one due to the US quasi holiday) where EURGBP flows are often an influence so keep an eye on this cross.

[GVI Forex 2]

USDJPY 1 HOUR CHART -WATCH 150

Expect sell on blips as long as it stays below 150.50

Close of the week will be importamnt vs the obvious pivotal level at 150

[GVI Forex 2]

Black Friday and also month end

Half day for US stock and bond markets

Most take 4 days weekends in the US

Many trading desks skeletal staffs

Liquidity is thin

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