Contact us

[SF Monedge]

GVI – or like love in an elevator, complements of Steven Tyler and Aerosmith.

[GVI Forex 2]

US500 4 HOUR CHART – UP LIKE AN ELEVATOR, DOWN LIKE AN ESCALATOR

NOTHING GOES UP FOREVER SO THE RETRACEMENT OFF THE RECORD HIGH SHOULD NOT BE A SURPRISE.

IT IS NOW DEPENDENT ON 5800 HOLDING TO KEEP THIS CORRECTION IN CHECK.

FALLBACK SUPPORT IS 5765.

[SF Monedge]

This really has my attention that Sterling 3060 held.  The odds are it is only temporary though in my view unless there is some pretty good news.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – RISK OFF?

XAUUSD seemed to react to the fall in US stocks +> risk off, reversing to test the upside.

As the chart show, there are layers of resistance ahead of the record 2685 high.
2I am still treating the range a 2600-1700 where 2650, which now needs to become support to keep the record high on the radar , will continue to set its tone.

[GVI Forex 2]

Only “news” is Trump trash talking Powell and promoting tariffs

[GVI Forex 2]

Only “news” is Trump trash talking Powell and promoting tariffs

[GVI Forex 2]

Stocks continue to slide… risk off boosting usd… interesting jpy is not getting risk off flows

[SF Monedge]

I don’t know if you folks have arrived to the same conclusion but I have learned over time that if I go with my first instinct I am right almost every time but if I over complicate things and do not go with that first instinct that is when I miss.

[SF Monedge]

The primary flow in Sterling has been the buy side but is basically sideways all morning and so one would think we see the equilibrium point of 3060 minimum seen again.

[Mtl JP]

EURO 1.0903

puppy probably needs to go N of 1.0925 if it is to have a chance to go after upper 1.09

I am biased. looking for selling opps while under 1.10
gunning for low 1.08

[GVI Forex 2]

EURUSD repelled again around 1,0916

XAUUSD SEEING A $15 POP FROM 2545

US stocks down… led by tech sector

Only headline I saw was

Israel Defense Minister says that the PM Netanyahu and Chief of the General Staff sees the issue and response in Iran as “eye-to-eye” according to Kann News Stein…. Source Newquawk.com…

Try Newsquawk for 7 Days Free

[GVI Forex 2]

EURUSD DAILY CHART – Came close to a target

If you search for my posts when EURUSD was above 1.10 you would have seen me point out 1.1000 => 1/0949 => 1.0881 as the risks (using The Amazing Trader).

Low today came close at 1.0885 and looking at this chart you can see why this area (use 1.0880-85) is significant with a 100_ pip void below it.

On the upside, there is resistance at 1.0916-26-36 but only back above 1.0950-55 would neutralize the broader risk.

[GVI Forex 2]

Bobby’s earlier GBPUSD post, called the risk dead on… (note GBPUSD just tested 1.31000, EURUSD lagging as EURGBP tests intra-day low again)

Probability of the next move is slowly shifting to the Upper side.

Time wise, this wave should be over, and fact that it spent last 4 days in a very narrow range with higher lows every day is signalling an attempt to break Up.

[GVI Forex 2]

Risk of a 50bps rate cut by BoC next week after CPI headline mis.

[GVI Forex 2]

Next up… Canadian CPI… See our Economic Calendar

[GVI Forex 2]

EURUSD 15 MIN CHART – WHY WE CALL IT AMAZING

Look at this chart, notice how the blue Amazing Trader resistance line capped the upside and what happened afterwards..

This is no coincidence… see The Amax=zing Trader Story

[GVI Forex 2]

Newsquawk US Open

Crude slumps after constructive geopolitical updates, US 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

4 Things You Need to Know

European equities are mostly lower, with energy/mining names underperforming; US futures are mixed, with slight underperformance in the NQ.

Dollar is flat, JPY outperforms whilst the Antipodeans are modestly lower.

Bonds are firmer, continuing the modest rebound seen in the prior session, but also deriving support from lower oil prices.

Crude is on the backfoot after constructive geopolitical updates, XAU is firmer and base metals are lower.

TTry Newsquawk for 7 Days Free

[GVI Forex 2]

USDJPY finding support above the bottom of 148-80-95 (low 148.85)

EURFBO tug-of-war… low extended to .8331

[GVI Forex 2]

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

The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks stirring earnings season excitement even as China’s markets turn tail on demand worries and stimulus doubts.

The S&P 500 and the Dow Jones posting fresh record finishes, with the former rapidly homing in on 6,000 after a 22% rise for the year so far and the Dow closing above 43,000 for the first time.

Morning Bid: Tech, Banks Spark New US Records as China Relapses

[GVI Forex 2]

EURGBP 4 HOUR CHART – TUG-OF-WAR

One flow keeping GBPUSD above 1.30 and EURUSD below 1.0950-00 is EURGBP, which has resumed its retreat.

Key support though is not until .8300-18

Would need to renew .8350 to slow the risk

As I have noted, if trading EURUSD and/or GBPUSD keep an eye on this cross as it can give a clue to flow impacting both currencies.

[Author]

Posts