Contact us

[GVI Forex 2]

GBPUSD is being held up by its crosses, (e.g. EURGBP weaker), GBPJPY (firmer).

I prefer to look at EURGBP when trading EURUSD or GBPUSD.

[SF Monedge]

Jay inmyview this is a good opp to sell Sterling a bit higher if it gets to around 1.3 again.  I already hit it short last night and just waiting.

[GVI Forex 2]

Stocks got a boost and risk on has seen the USD back off on China news….Just the mention of China trying to do soemthing seemed to cause a thin market reaction…. looking at that news, nice fading opportunity.

China could issue CNY 59bn of Treasury binds over three years, via Caixin, citing sources; funds will be uaed to help local governments resolve their off-the-books debts/.. Source: Newsquawk.com...Try Newsquawk for 7 Days Free

[Mtl JP]

MIT OpenCourseWare

Lecture 4: The Financial Market

[michael Calif]

Yes, lengthened further out …

[GVI Forex 2]

Mike, has that changed from Oct 26?

[michael Calif]

repost:   per Law of Time, USD remains Long until at least Nov, 26      :gtwo3

[GVI Forex 2]

USDJPY DAILY CHART – 150 LOOMS ABOVE

This seems like a make or break time for USDJPY, with 150 clearly a psychological level that was thought to be off the radar but here it is back again… it is also a level whether there are probably options to one that could be defended vs potential stops..

Chart shows a void above 150 until 155.20. See FIBOS below just in case. there is  150 break

If 150 hold, then range i back to 148.70-149.40

[GVI Forex 2]

I found this definition on the web. I use it differently, which is directional risk is the side of the market most at risk of moving in that direction. In the current, market directional risk is on the USD upside. Taking it one step further, it is the side of the market where stops are most at risk of being run.

This is the web’s definition:

What is a directional risk?

The RISK of loss arising from exposure to the direction of a reference ASSET or market. An investor holding a LONG POSITION experiences a loss if market prices fall and a gain if they rise; one holding a SHORT POSITION generates a gain when market prices fall and a loss as they rise.

[GVI Forex 2]

Canadian markets are aloso closed today for a holiday

[GVI Forex 2]

Trading tip: A key to trading is the skill to identify the directional risk. Once identified it tells you what side to trade from.

[Belgrade Bobby]

Cable is sooo stucked within like 50 pips….in last 10 days, with extremes went only 100 pips…driving me crazy 😀

[SF Monedge]

Sterling is picking up but I do not think it will last.

[GVI Forex 2]

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

With U.S. Treasury markets closed on Monday, Wall Street stocks are set to cruise on higher into the unfolding corporate earnings season – but may first have to take early direction from China’s weekend stimulus update.

The Colombus Day holiday closes Federal offices and the bond market but the New York Stock Exchange and Nasdaq remain open and stock futures are higher first thing, building on the S&P500’s (.SPX), opens new tab latest charge to new record highs.

Morning Bid: China doubts as economy struggles, US bonds closed

[GVI Forex 2]

US Market Open

DXY flat and crude underperforms following lack of stimulus details and soft data from China

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 mixed, whilst US futures are incrementally firmer.

Dollar is flat, Antipodeans underperform after poor Chinese data and the lack of stimulus details from China’s MoF.

Bunds are firmer but with specifics light, USTs cash trade is closed on account of Columbus Day.

Crude is in the red and near session lows, XAU is incrementally firmer whilst base metals are hampered post-Chinese data.

Try Newsquawk for 7 Days Free

[Belgrade Bobby]

BTCUSD – Bitcoin Weekly

Supports : 62.400 , 60.350 & 55.900

Resistances : 66.500 , 69.000 & 70.000

This is a very Bullish Pattern right now, but can be cut short already on 69K.

Needs to hold this week above 63.900 to confirm more advances Up.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Record high looms

Bouncing from a failure to test 2600 (low 2605) and faces stiff resistance at 2670-85 (record high).

To keep the bid, 2643 needs to hold.

Another way to look at it is if you make the range 2600-2700 then 2650 is the bias level indicator.

[GVI Forex 2]

US banks and government offices are closed today for Columbus Day but exchanges (stocks) are open.

[GVI Forex 2]

USDCAD DAILY CHART – 9 days in a row

9 UP green daily candles and a 1.3738 breakout has USDCAD aiming for 1.38 with a risk of expoing the major 1.3946 level if firmly broken.

On the upside, expect support as long as it trade above 1.3738.

Next focus is on CAD CPI due on Tuesday.

[SF Monedge]

After the Asian session Sterling was not too positive.  The environment is risk off.  Not dramatically.

[Author]

Posts