Contact us

[SF Monedge]

Contrary to popular belief, the stocks running the show today are not S/P or Nasdaq, it is Dow.  It is affecting USD.  Look at which stocks count today.  Tesla knocked it out of the park.  The reaction is delayed because the market in general was confused.  Things are taking time to mature.

[GVI Forex 2]

Good call SF… a touch of risk off but stocks are still above yesterday’ low

[SF Monedge]

Japan 10yr yield has to go below 9450 and hold for Yen futures to fold and entertain the downside.  If it pops over 9800 Yen futures are going straight up.  Yen futures go up = Spot Yen pairs go down in general.  This is only one element and not the golden chalice.

Yes I am putting on a clinic for you Youtube gurus watching us here in this great forum called GVI.

[michael Calif]

re-post:    Law of Time is now Long Euro, Short USD     :gtwo3

[SF Monedge]

I like the sell side of AudUsd.  We will see who wins this time.

[GVI Forex 2]

With the dollar retracing today, this article posted in our blog yesterday is a timely one

In our blog

As those who have followed my thinking know, I believe trading is common sense. When you think of trading this way you can make sense of what many take as blind faith and learn how our logic takes advantage of retracements to trade. This is why I say embrace the retrace,

Embrace the Retrace

 

[SF Monedge]

Existing home sales at a 14 year low.  Biden is knocking it out of the park!  Waiting for the next almost 1 million job losses unreported and kept under the rug like a few months ago.

[GVI Forex 2]

Slight upside beat Flash S&P Global PMI… not as important as the ISM PMI but markets seem to try and react to any data

See our Economic Calendar

[SF Monedge]

Implied volatility in EurGbp is looking very good for the calls.

[SF Monedge]

All US yields are weak.  All key commodities are strong.  Yen options are being sold so EurJpy is in good shape with UsdJpy not as much due to other  conditions.  With stocks up and other conditions up the safer pair is EurJpy.  Data pending at the top of the hour and a lot of auctions up later.

[SF Monedge]

Textbook stop run in EurJpy.  Yen futures are leaning and look to drop.  Not a complete condition yet but developing.

[GVI Forex 2]

EURUSD 4 HOUR CHART – Watch 1.08

Using Amazing Trader charts and logic, the 1.0770 low indicated a potential change in direction that was followed by the move up that tetted a resistance at 1,0807.

While 1,08 is clearly the bias setting level, treat any move that fails below 1.0838 as a retracement.

[GVI Forex 2]

Jobless claims beat on the downside (lower)… I wonder whether they were impacted by the hurricane

[GVI Forex 2]

GBPUSD 4 HOIUR CHART – 1.30 remains pivotal

Key chart level is 1.2995 but 1.30, the breakdown level is likely most important as only solidly above it would confirm the low in this last leg down is in for now.

Otherwise, the bounce is just a retracement.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – CONSOLIDATES

Paused above 2701 following retracement from another record high (2758)

This sets the range at 2701/08 – 2750/58 as XAUSSD uptrend consolidates.

What I mean by consolidate is that there are no key stops within the range.

[GVI Forex 2]

NEWSQUAWK US OPEN

TSLA +10%, Autos gain on China reports, PMIs mixed, USD & US yields soft into data

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 entirely in the green and reside just off session highs; US futures also gain, with NQ outperforming after strong TSLA (+10.7%) results.

Dollar is on the backfoot giving back some of this week’s gains, JPY outperforms with USD/JPY scaling back to a 151 handle.

USTs/Bunds are on a firmer footing, with EZ PMIs continuing to paint a dire picture in Europe; Gilts are the clear underperformer amid reports that Chancellor Reeves will announce major changes to fiscal rules releasing GBP 50bln for spending.

Crude continues to pick up, catching a bid following unconfirmed reports which indicated a fire in proximity to an Iranian nuclear facility in Karaj; XAU/base metals are firmer

Try Newsquawk for 7 Days Free

Not signed up to our squawk service yet?

Listen to our team of analysts broadcast the news that will impact the markets as it happens, and never be caught off guard again.

Cancel anytime – free for 7 days

[GVI Forex 2]

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

Markets caught a break on Thursday as the white heat of the corporate earnings season saw a beat for megacap Tesla that sent its shares surging 12% before the bell while bond yields beat a retreat on soft business surveys overseas.

There was also some wariness that recent pre-election trades betting on a win for Republican Donald Trump in next month’s White House race may be a tad premature. There’s still no clear indication from polling on how the close contest will break, with nearly 25 million early votes already cast, according to tracking data.

Morning Bid: Markets Bounce as Tesla Surges, Yields Retreat

[GVI Forex 2]

EURGBP 4 HOUR CHART – REVERAL OF FORTUNE

Whatever flow pushed EURGBP higher yesterday is over and the cross lost it bId, helped by a failure just above the 8350 level. This has seen GBPUSD lead and EURUSD lag.

Use 8300-50 (actually 8303-52) as a range until either side is broken.

[GVI Forex 2]

I guess looking back, it was too much to expect a one way market given the current geopolitical and political (US election uncertainties,

In any case, there were some failures worth noting

EURUSD failed to stay below 1.0777
USDJOY failed to reach 153.39 (61.8%)
AUDUSD failed ti hold breaks of .6621 and the 200 day mva (6626)
XAUUSD failed in the 2700-14 support zone
US500 failed to sustain break below 5805

However, so far this has just given the market a breather. To suggest anything
More than this EURUSD would need to solidly regain 1.0800, GBPUSD 1.30 and/or USDJPY stay below 152 and move back below its 200 day mva.

[GVI Forex 2]

USDJPY DAILY CHART – BoJ fights back

A combination of verbal intervention + lower US bond yields have cooled the upside.

Key level is the 200 day mva (151.40) although 152 is a bias indicator that will set the ointra-day tone.

[Author]

Posts