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[SF Monedge]

I do not know yet if it will stick but I am beginning to test the sell side of Yen pairs after being long for days in general.

[SF Monedge]

I have very close relationships with influential people from Mexico.  The good one’s not the bad one’s.

The USMCA trade agreement between the US and Mexico was fostered and completed under the Trump administration.  This created, as of 2023 the US accounting for 60% of Mexico’s trade income, which is an historic high.

Funny enough, the Mexican trade minister, who is a socialist, is all over the place promoting that Harris should be elected to sustain that level.  The politics of lies never stops with these people (socialists).

[GVI Forex 2]

EURGBP 15 MINUTE CHART – GIVES A CLUE

 

I keep saying, it pays to watch EURGBP for a clue to treading EURUSD and GBPUSD

The bounces off the EURUSD low mirrored the bounce in EURGBP.

Once the cross topped out at .8326, EURUSD lost its bid and so far consolidating above the day’s low.

[SF Monedge]

Eur forwards also have buy side strength so being short is dicier than recent sessions.

[GVI Forex 2]

XAUUSD backing off from its record high after failing to hold above former 2740-50 highs.

Minor support is at 2730, key area is 2700-14.

Scroll below to see chart posted earlier.

[GVI Forex 2]

BoC 50 bps cut… no surprise

[SF Monedge]

All US yields are strong.  Most non-currency futures are selling which is risk off.  Options showing strength on the buy side for Euro so dollar buy side may have a near term ceiling.

[GVI Forex 2]

BoC rate decision in about 10 minutes.

[michael Calif]

re-post:    time vibrations nearby futures now Long Euro, Short USD    :gtwo3

[SF Monedge]

I may not trade today because every time I hear Johnathan Ferro’s voice on Bloomberg TV (he sounds like a rat cheerleader who was hired for his exotic Australian accent) I don’t do as well.  I can’t wait until his contract is over.

[GVI Forex 2]

AUDUSD DAILY CHART – KEY SUPPORT

With the USD up across-the-board, AUDUSD is coming within range of the key levels we have been citing at the 200 day mva (.6626) and .6621.

A firm break would confirm end of the uptrend and expose a risk to .6500/05-50./55

[GVI Forex 2]

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

The dollar continues to ride higher on the back of an anxious pre-election climb in U.S. Treasury yields, notching its best levels in almost three months against the euro and yen on starkly contrasting economic and interest rate pictures.

With the International Monetary Fund’s annual meeting underway and G7 finance chiefs and central bankers gathering, the exceptional performance of the U.S. economy was underlined in updated IMF global forecasts on Tuesday.

Morning Bid: Dollar rides rising yields, Canada set to ease

[GVI Forex 2]

Newsquawk US Open

European bourses trading negative, US futures follow suit with earnings ahead

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 trading in negative territory; US futures follow suit, ahead of a busy earnings slate.

DXY continues to march higher, USD/JPY climbs back above 152 to a current 152.74 peak.

USTs are modestly lower ahead of 20yr supply; Bunds were unreactive to a well-received 10yr auction.

Crude is subdued and continues to await geopolitical updates; XAU is slightly higher whilst base metals are mostly in the red.

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[GVI Forex 2]

EURUSD low 1.07775 so 1.0777 target reached… nice when it trades like a textbook… Now use 1.0780 as the level that needs to become resistance for a run at Bobby’s 1.0750. level

[GVI Forex 2]

USDCAD DAILY CHART – 25 or 50BPS?

Reaction to the BoC decision will dictate whether a 50bps rate cut is discounted or the trigger for a run at the major 1,3946 level…1.3850 would need to become support to put 1.3946 at risk

On the downside, back below 1.38 would be needed to cool the threat

Re the BoC, surprise would be a 25bps rate cut although I saw a Canadian bank calling for 25bps.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – ANOTHER DAY, ANOTHER RECORD HIGH

‘
Keep it simple…

New record high at 2758

Needs to hold 2750 to keep a super strong bid with 2800 the next pivotal level.

Below 2750 is support at 2740, 2730, 2714 (key level)

[GVI Forex 2]

EURUSD DAILY CHART – 1.0777

As I have been noting, the break of 1.0881 exposed 1.0777 as the target…came close…Low so far 1.0779

Only back above 1.08 would slow the threat to 1.0777 and below.

[GVI Forex 2]

USDJPY DAILY CHART – 200 DAY MVA

As I have been noting, there was a void of key level until 155.20 other than the 200 day mva (151.37), break of which propelled USDJPY higher, and a 61.8% FIBO.

Now 152 becomes pivotal as the level that needs to hold keep a strong bid and put 155.20 on the radar.

Note, the correlation between the JPY and firmer US yields.

Risk of verbal intervention rises given pace of JPY slide.

FIBOS: 153.39 = 61.8% of 161.93-139.58

 

[Mtl JP]

eye on yellen
–
Yellen Says US to Contribute $20 Billion for Ukraine Loan
G-7 set to finalize $50 billion loan for Kyiv on Friday
Loans backed by profits from frozen Russia central bank assets

having listend to her voice talking about f-kking w / russian money
yellen – maybe , maybe not – feels safe in numbers of the G-7

[Mtl JP]

USDCAD 1.3825
BoC on tap today

eminently tradeable

[Author]

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