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[SF Monedge]

To put it in plain English, it is like when a basketball player reaches the point where the net never moves on you and you find it with almost every shot.  And it was simple and right in front of you the entire way when you were busy trying to move the basket.  It is more simple than people realize.

[SF Monedge]

I would like to share something I believe is useful. I have come to realize the range of market behavior is wider than we want it  to be while it is in the process of finding a balance.  Even dramatic spikes are part of that equilibrium.

[GVI Forex 2]

EURUSD extending its low after failing to hold above 1.0650… new low at 1.0629..stocks slipping on some profit-taking, see if any correlation kick in

[GVI Forex 2]

In the absence of any news and a semi holiday in the US, keep an eye on stocks… note EURUSD came off its low after stocks slipped back a touch from record high

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.06850 , 1.07300 & 1.07650

Supports : 1.06350 , 1.06000 & 1.05350

1.06350 might slow down this downtrend if it holds today.

We are looking at possible 1.04450 over period of time ( 2 weeks) .

If below 1.04450 road is fully open for test of 1.01500

[GVI Forex 2]

EURUD testing 1.0650, 1.0600 is the target if it stays below 1.0665 but sub-1.0650 would make a stronger case.

[GVI Forex 2]

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

The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China’s struggle with deflation and Germany’s simmering political crisis – with the euro plumbing its lowest levels in almost five months.

Even with bond markets effectively shut on Monday for the Veteran’s Day holiday, the dollar built on last week’s election-related surge – spurred by Friday’s reports, later denied by other sources, that protectionist Robert Lighthizer had already been asked to be President-elect Donald Trump’s new trade chief.

Morning Bid: Post-Election Dollar Revs Up, China Battles Deflation

[Mtl JP]

according to cnbc’s Katrina Bishop:

“Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning”

I have a different view of what Bitcoin represents, reflects and means in society

[GVI Forex 2]

GER30 4 HIUR CHART – KEY HIGH LOOMS

GER30 maintaining it buy bias a long as it trade above 19000.

On the upside,19564 is the last obstacle to 19679, needing to establish 19448_ to expose there levels (using this CFD feed).

[Mtl JP]

COUNTDOWN to Jan 20th 2025 at noon
gives a bit of time to prepare trading tactic
for maximum profits

CNN informs:
“Signs from Mar-a-Lago suggest that when Trump moves back into the White House he will act with maximum force”

[Mtl JP]

USDCHF 8791

be nice if puppy goes for 89

after that re-assess

[GVI Forex 2]

NEWSQUAWK US OPEN’

Equites gain & DXY bid with the Trump Trade still at play; Crude slumps amid constructive geopolitical updates

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.

Equities are entirely in the green, with a strong European morning thus far; the RTY outperforms.\

DXY is on a firmer footing with the Trump Trade still in action, JPY underperforms following the BoJ SOO which highlighted the lack of urgency to hike.

Bonds are mixed, with Bunds firmer amid suggestions that Chancellor Scholz could bring forward a vote of no-confidence; Treasury cash trade is closed on account of US Veterans Day.

Crude slips on comments by Hezbollah that there are negotiations to stop the war; XAU/base metals are hampered by the stronger Dollar and softer-than-expected Chinese inflation metrics overnight.

try Newsquawk for 7 Days Free

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[GVI Forex 2]

EURUSD 1.0675

Intra-day: Would need to regain 1.0682 and then 1.0694 to ease the current risk to 1.0665 with potential for 1.0600 should 1.0650-65 be broken.

[GVI Forex 2]

XAUUSD DAILY CHART – Support zone

XAUUUSD retreat mirroring the risk on mood following Trump’s election.

So far it has paused above minor 2638 support. key level is clear at 2600.

To neutralize the risk, a move back above 2709 would be needed.

[GVI Forex 2]

USDJPY 1 HOUR CHART – TESTING UPSIDE BUT…

Having held above 152 on Friday USDJPY has bounced to start the week,

One hour chart showing a risk to the upside that would need to take out 154.13 to expose the post-US election high at 154.71, g or this will be just a swing within the range.

Note, 153.98 is the remaining FIBO (78.6% of 154.71-151.28) , suggesting 154 may be pivotal.

On the downside, use short-term charts if looking for support with more meaningful levels not until the 152s.

[GVI Forex 2]

EURUSD WEEKLY CHART – EXTENDS LOW

As posted in our Weekly FX Chart Outlook

Most at risk is EURUSD, which found support below 1.06 on 2 days but failure to hold 1.08+ on the retracement keeps a risk on 1.0665 and 1.0600 should the 1.0682 be broken.

Extend low, pause so far just above 1.0665 (low 1.0668)

[GVI Forex 2]

Reminder holidays in the US and Canada today

In the US banks and government offices srd closed but stock markets are open

Overnight stocks extending highs as Trump Trades continue.

[GVI Forex 2]

Reminder holidays in the US and Canada today

In the US banks and government offices srd closed but stock markets are open

Overnight stocks extending highs as Trump Trades continue.

[GVI Forex 2]

For the week ahead it is like digging out after what was not a normal trading week. So, use last week’s low/high as broad ranges (see below) that either have to narrow unless the USD highs are taken out.

Weekly FX Chart Outlook Nov 11-15

 

[GVI Forex 2]

BTCUSD WEEKLY CHART – TRUMP TRADE

Cryptos are the 4th component of the Trump Trade

BTCUSD extending its record high above 80K.

Thus in unchartered water use the most recent high as resistance.

Expect support on dips while above 75-80K, stronger bid if 80K becomes support.

[Author]

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