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[GVI Forex 2]

XTIUD 4 HOUR CHART

Higher but would need to get through 68.80 to expoe 69.50

Support is not close so use short term charts to find levels.(closest is 67.80)

[GVI Forex 2]

USDJPY so far faiiing to hold 155+… clearly the bias setter

Focus stays on 155 as long as it trades aiove 154.45-55

155.78 remains a key level on top

[GVI Forex 2]

Algebra 101: EURUSD/GBPUSD = EURGBP

EURGBP bounced (last .8362), EURUSD bunced (last 1.0559), GBPUSD up with a lag

[GVI Forex 2]

GOLD:

GS stands by its forecast of $3000/oz by the end of 2025

[GVI Forex 2]

BTCUSD 4 HOUR CHART – 90k REMAINS PIVOTAL

With Cryotos a focus following the trump election let;s take a look at BTCUSD

Bid but consolidating whike with 85K-95K where 90K is the obvious bias setting level.

Market smells 100L a a target but only if 90K become a solid sipport.

[Mtl JP]

SF 2:11 – 155.50+ : think in NY session ?

[GVI Forex 2]

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

Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and earnings seeping back in along with all the uncertainty on what a new administration will actually do come January.

Stocks were side-swiped on Friday after a week of irksome inflation readings, hot retail updates and Federal Reserve boss Jerome Powell’s equivocation on future easing.

There was also trepidation, however, ahead of chip giant Nvidia (NASDAQ:NVDA) latest earnings report on Wednesday – as the world’s biggest company by market value and artificial intelligence bellwether faces another test of the near 800% stock boom over the past year.

Morning Bid: Bruised Wall Street keeps wary eye on Nvidia

[GVI Forex 2]

NEWSSQUAWK US OPEN

US futures are mixed, Bonds edge lower whilst XAU gains; ECB Lagarde due

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 generally on the backfoot, US futures are mixed.

Dollar is incrementally lower, JPY underperforms after BoJ Governor Ueda continued to signal a lack of urgency to hike rates.

USTs are marginally lower whilst Bunds extend losses and slips below 132.00.

WTI & Brent are firmer in what has been a choppy session, XAU eyes USD 2.6k to the upside.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

How crosses affect spot FX — it’s simple algebra

EURGBP (backs off from its high

 

EURUSD mirrors the EURGBP fall

 

GBPUSD trades sudeways

[GVI Forex 2]

There is a very light US economic calendar this week so it will take some other catalyst to spark markets.

[GVI Forex 2]

Thsi article is worth a read given the way USDJPY has traded the past 2 days.

When you see two currencies move in opposite directions you can affine there is a cross flow going through that the market is having trouble absorbing.

Forex Trading Confidential: What Makes USDJPY Move?

 

[GVI Forex 2]

EURUSD 4 HOUR CHART – NO SURPRISE

It should come as no surprise to see EURUSD gravitate back to 1.0550, which is the bias setting level while within 1.05-1.06

Note firmer EUR crosses (e.g. EURJPY, EURGBP) giving EURUSD support but not enough to break the key 1.0593 level.

So let’s call it consolidation of the downtrend where only a break of 1.0590-00 would shift the risk from 1.0495-10.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Rebounding but obstacles loom

Rebound would need to regain 2600 to ease pressure on the downside but would need to break 2619 to confirm this latest episode to the downside is over.

Support starts at 2577 (former resistance) and 2554 (use 2550-55). Only below the latter would expose the 2536 low.

[GVI Forex 2]

USDJPY 1 HOUR CHART – 155 STAYS THE FOCUS

 

Bouncing after extending its Friday low by just a few pips with pressure coming off JPY crosses.

Key levels: 153.83 and 155.78

Others: 155 (clearly pivotal in setting the tone) and 100 hour mva (currently 155.20).

[SF Monedge]

I caught that entire run.  Next stop is likely 155.50 or higher before it dumps again.  Patience or a sitting order of your choice.

[SF Monedge]

You have to be able to use volatility.  That was a fast 55 points.  Coming up again.  Hit it again, should go higher first 2nd time.

[SF Monedge]

It may be an idea to get on the sell side of Yen pairs above 155 (speaking in code).

[GVI Forex 2]

A very timely article in our blog

Forex Trading Confidential: What Makes USDJPY Move?

[michael Calif]

Option Profile looking for a BTC Top @ 96,000    :gtwo3

[GVI Forex 2]

USDJPY opening week gap vs 154.02 close.

[Author]

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