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[GVI Forex 2]

Where is the USD headed> What about GOLD?

Weekly FX Charts Outlook

[Mtl JP]

SF 10:30 n ow that saying something !

from the master of verbal frugality hisself
LoL LoL LoL LoL LoL LoL LoL LoL LoL LoL LoL

[Mtl JP]

EURO 1.0924
–
repeat of earlier post:
sub 1.10 euro is heading for 1.0805 or so

[SF Monedge]

GVI October 13, 2024 at 10:01 pm – Jay, if I may, that is one of the more concise write ups I have read in a while.  Nice.  Thank you.

[SF Monedge]

Sterling futures are getting clobbered to open the week, but EurJpy is being bought.  Usually, with good percentile of accuracy, which direction Euro and Sterling are going after 7pmPST that will be the overall direction of the week.  Yen pairs are isolated in this regard.  Lets see what happens in the next 4 hours.  I have spent countless hours of analysis on this, it is reasonably solid.  I just hope some of you out there who take my posts to heart are good people.  I am a former CTA who knows a thing or two.

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

Canadian consumer prices on Tuesday are expected to break lower to a below-target 1.9 percent. UK consumer prices on Wednesday are expected to post a 1.9 percent year-on-year rise for September, down a tick from August’s 2.0 percent.

The big report in the week is the September data on retail and food services sales on Thursday. There’s room for a few surprises in the numbers, but a lot could depend on how much of the underlying information came in from storm-affected areas in the days before and after Hurricane Helene made landfall on September 26. It is late enough in the month that effects may have to wait for the revisions when the October report is issued on Friday, November 15.

At the moment, rising motor vehicle sales and falling gasoline prices are two factors that are moving in opposite directions. There is likely to be an increase in the dollar value of motor vehicle sales both on units sold and prices paid. Gasoline prices fell fairly steadily over the course of September which in turn could reduce the dollar value of sales even if the volume of sales increased. Elsewhere, storm preparations could mean a boost for sales of building materials, nonperishable food and bottled water, and emergency supplies like ice, batteries, and generators. Demand could have been higher both before and after the storm hit.

Also on Thursday is the October housing market index from the NAHB. Homebuilders’ confidence started to recover in September with steep declines in mortgage rates. At the start of September the weekly Freddie Mac rate for a 30-year fixed-rate mortgage was 6.35 percent and fell to 6.08 percent by late in the month. However, some of that was due to a reaction to the FOMC cutting the fed funds target rate range by an aggressive 50 basis points on September 18. Markets are now less giddy about future rate cuts since the release of the solid September employment report on October 4. The October NAHB report could reflect homebuilders’ renewed caution about the outlook for much of the new home construction market. However, it may also capture some expectation of a need for replacing destroyed housing stock after the hurricanes.

Econoday

[GVI Forex 2]

Japanese marketed closed for a holiday

Monday October 14th, 2024 is “Sports Day” in Japan.

[GVI Forex 2]

Japanese marketed closed for a holiday

Monday October 14th, 2024 is “Sports Day” in Japan.

[GVI Forex 2]

Thus is worth repeating

Any trader knows that trading is tough but I hope this makes it easier.

In this video I am sharing a trading tip you should find invaluable and use in your trading right away

Trading Tip: Day Trader’s Guide to Beating the Market

[GVI Forex 2]

BTC DAILY CHART – THIS CRYPTO FIGHTS BACK

if you take a step back and look at BTC with an objective eye you will see that reent moves ousidd of 60-65K have lacked follow through.

The latest was test of sub-60K, which is a good sign for the bulls but uless there is a firm mive outside o 60-65K expect more chop.

[GVI Forex 2]

NEW YORK, Oct 11 (Reuters) – The health of the U.S. consumer moves into the spotlight next week, with investors watching corporate earnings reports and retail sales data for further confirmation of the economic resilience that has boosted equity markets this month.

Wall St Week Ahead Health of US consumer in focus as earnings season heats up

[GVI Forex 2]

Any trader knows that trading is tough but I hope this makes it easier.

In this video I am sharing a trading tip you should find invaluable and use in your trading right away

Trading Tip: Day Trader’s Guide to Beating the Market

[GVI Forex 2]

Week Ahead: 14-18th October 2024
Newquawk.com Highlights include: US retail sales, ECB, Aussie jobs, inflation data from China, Japan, New Zealand and Canada

[Mtl JP]

dilluting betting options…

WSJ Oct. 12, 2024
–
Soft Landing or Hard? Bank Results Show Path to No Landing
Comments from JPMorgan and Wells Fargo suggest the economy could stay airborne.

… “Rather than the economy slowing gradually or rapidly, it might actually be poised to keep growing as it is, at a moderate or better pace. Bank executives’ recent comments have suggested that some of the recent indicators of slowing for consumers and businesses might be more echoes of the past than visions of the future.” …

now we have all three possibilities out in the light

[SF Monedge]

JP – Per CNBC:

{Fed officials in recent days have expressed confidence that inflation is heading back to target even though some aspects, such as shelter, food and vehicle costs, have held stubbornly higher.}

You mean the things that actually count?

Now.  If you oh so trustworthy politicians, sorry I meant Fed officials, can somehow not just reduce the level of inflation within the historically horrid increases to LESS THAN where it started 4 years ago that occurred and not just the increase above those levels now you’re talking.

And again, the one’s that count also.  Not just the almost no impact items you want people to hear that have somewhat stabilized in their nasty trajectory.

I can’t believe any fund manager worth their salt puts any tangible weight in the economic data from this administration and their proxies.

My eggs went from $2.39 to $6.49 and counting without a glimpse of reversal.

[SF Monedge]

S/P 100 OEX/options have run out of steam a bit ago as well.

[SF Monedge]

Signs of EurJpy stabilizing a bit here approaching 163 after the fix selling.

[SF Monedge]

Euro is getting hit now that the fix is done.

[SF Monedge]

JP – 100% agree

[Mtl JP]

few fed yakkers pratteling a bit but

DLRx upside – today – looks petered out
which does not mean that it ll resume some more soon

I am biased: dips in dlr, imo, are BoDs
for now

[Author]

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