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[SF Monedge]

If you need the money take the EurGbp gain in the 8320’s .. otherwise it is very likely going lower I believe at the moment.

[GVI Forex 2]

Where are the flows today — winners and losers snapshot

[SF Monedge]

EurJpy is going sub 160 get in while you can on any little buy waves if you missed it in my opinion at the moment.

[SF Monedge]

I would not make a big thing out of the tariff threat.  Trump is just setting the table to negotiate for more balanced terms because at present there are imbalances.  I don’t believe global trade will be disrupted significantly other than how the import/export supply chain is managed and some carry over strength in USD.

[GVI Forex 2]

Algos had a field day running stops on both sides today… deck is clear on both sides now unless there are new highs/lows on the day.

[GVI Forex 2]

Algos had a field day running stops on both sides today… deck is clear on both sides now unless there are new highs/lows on the day.

[GVI Forex 2]

US public debt per capita

It is doubtful this trend will change under the new administration… risk is that it could accelerate

As of October 31, 2024, the US public debt per capita is $103,410, which is a 7.17% increase from the previous year. This is a moderate increase from the previous month, when the per capita debt was $102,810.

The total US debt has been increasing at an average rate of 5% per year since 2001. In 2023, the total federal debt was $34 trillion.
(AI Overview)

[SF Monedge]

I like the sell side of EurGbp from the 8360 area.

[SF Monedge]

Dominant cycle in UsdChf (Dollar vs Swiss Franc) is the buy side and currently rebalancing from the recent run up largely on Geo concerns.  The next cycle is a buy side entry and you should be in good shape anywhere from 8840.  It would require something significant to change that.

[GVI Forex 2]

US daya up next

[SF Monedge]

Yen futures are pulling back and rebalancing, the dominant flows are uphill.  There is another good sell side UsdJpy trade coming up and especially EurJpy due to its clear fundamental weakness that is growing in economic terms.  Futures 6500 is an area where larger orders are to rebalance uphill in Yen futures.  If flows remain consistent it may get there in about 90 minutes.  Hopefully.

[SF Monedge]

Part of what is transpiring is there is enthusiasm and a risk on tone which is largely carrying out in stocks, which is putting pressure on the Dollar.  Bearing in mind that is not a constant, it often simply goes that way.  The next cycle is likely to be related to pre-holiday hedging and Dollar strength again due to this condition and others, partly related to statements on tariffs.  This also eases pressure on the FED to continue lowering rates without the same level of concern over inflation.

So Dollar should remain strong overall and temper inflation concerns and retain attraction at the same time.  It will move in cycles.

[Belgrade Bobby]

Trading in a Holiday Season

Lots have been said on this issue, and all of it was more or less right.

Trying to guess the next move on any given pair can be at least difficult if not impossible.

There are many reasons behind it, and I am going to highlight the most important ones :

End of Year positions squaring
Lack of interest to establish new positions
Low liquidity
Traders going places
But I want to give you another angle of trading at the very end of the year…

Continue Reading …

[SF Monedge]

Nothing has changed in the dominant US Dollar dynamic.  The market is simply rebalancing after yesterday’s run.  There are good buy side trades coming up if you are patient.  Use USDSgd 1.3430 as a reference point of where larger sized entities maybe.  And if you do not trade UsdChf (Franc) you can use it as a guage as well with an eye on 8830.  On a fundamental basis, yesterday’s run was fundamental news driven but without proof, hence the rebalancing.  In time markets will reconsider and make the “what if” adjustment right back up.  Give it time.  I scored/booked 295 points since Sunday in multiple currency pairs, I am fairly precise right now.

[GVI Forex 2]

News Alert

Source Newsquawk.com

[GVI Forex 2]

Position adjustments rather than adding to risk is still the way of iy during this weeek. There was hope for more after Trump’s tariff comments and in this regard CAD and MXN remai the biggest losers.

There is some US data due out at 15:00 GMT

Richmond Fed, CB Consumer Confidencde, New Home Sales

See our economic calendar

[GVI Forex 2]

EURUSD 1 HOUR CHART — scroll below for update with levels

[Belgrade Bobby]

Open Technologies Inc. – OPEN- Update

Today we’ll have a clear picture on next move – yesterday it briefly violated downtrend angle reaching 2.40, and got rejected.

Main level to watch : 2.55 – if taken out , next step is 3.00

[GVI Forex 2]

EURUSD outside day but needs a close above 1.0530 or this was just a stop hunt.

The bottom end of the resistance band I cited at 1.0545-55 held, the upper end is most important.

On the downside, 1.0520 needs to hold or focus shifts back to 1.05.

[Belgrade Bobby]

ETHUSD – Ethereum

Coin came short of 3.561 high – July 2024.

This is a correction phase starting.

Two levels are important to watch : 3.200 & 3.050 – both can underpin it back Up.

But if lost, it will be anyone’s guess….

[Author]

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