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[GVI Forex 2]

USDJPY 1 HOUR CHART

No change to what I have been noting

Treat the upside as a retracement unless 145+ is renewed.

A this chart shows, the current line in the sand is at 144.49

[michael Calif]

re-post:   Law of Time, the decline in USD futures since late June has ended.    :gtwo3

[Mtl JP]

DLRx 100.5
still inside last weeks range puppy is like a newborn with at least one eye still closed and looking at the world, tapping, smelling, feeling …

all the data on deck this week looks “low impact” in light of the FED having converted peasants into thinking “jobs n labor”
even kashkari came out with some yikyak of him approving of the FED’s 50pt.

so 100.50 looks like temporary wallow for the puppy to linger. Not much prospect on the s/t horizon for running North unless somehow it manages to pierce 102

[SF Monedge]

Fed speak put a damper on the UsdJpy buy side for now.  It will appreciate in time coming up just sagging on the commentary is all I believe.

[GVI Forex 2]

Fed’s Goolsbee comments … very dovish

[SF Monedge]

If DX clears and holds 101.05 look out below for Eur and GBP, and I expect it will.

[GVI Forex 2]

USDJPY spiked higher… whenever I see a move in UDDJPY I look at other currencies as the driver is more often than not a cross flow… Note JPY down, commodity currencies up

Also EURUSD down after filling it gap… EURGBP extending it low

[GVI Forex 2]

EURUSD gap filled in a mini whipsaw reaction

US bond yields tick up after PMI report

[GVI Forex 2]

EURUSD so far coming within 2 pips of filling its earlier gap at 1.1136.

Next up US S&P Global PMI… it is not as important as the iSM PMI but in this news driven market, all data releases need to be watched for a reaction.

[GVI Forex 2]

USDCAD 4 HOUR CHART

Breaking a support at 1.3533 but 1.35 is likely most important with key support at 1.3465 lying below it.

If it stays within 1.35-1.36, then 1.3550 will set its intra-day bias.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Another record high

With another new record high, there no change to our Weekly FX Chart Outlook,

Having established above 2600, XAUUSD keepS its bid as it continues to extend its record high.

As I like to say, there is no reason to guess at a top until charts (in my case The Amazing Trader) tells you to do so.

[SF Monedge]

I like the buy side of UsdJpy today on the dips.  DX 100.80 is important.

[GVI Forex 2]

While EURUSD has bounced from its low it only touched the 1.1125 bottom of its gap (scroll below to see the chart).

Gaps generally get filled but not so far.

[GVI Forex 2]

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

With U.S. markets now mapping the extent of the Federal Reserve’s easing cycle ahead, the prospect of inflation undershooting the central bank’s target adds a new twist.

Last week’s hefty half-point Fed rate cut leaves another 200 basis points of easing before the central bank gets back to what Fed officials themselves see as a long-term ‘neutral’ rate at 2.9%. Markets think they’ll do pretty much all of that within 12 months.

Morning Bid: Fed mulls inflation undershoot, Europe contracts

[GVI Forex 2]

Check out this Trade Alert

The Amazing Trader

Global-View Trading Club

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.32450 , 1.32100 & 1.31500

Resistances : 1.33250 , 1.33450 & 1.34600

We have a Bullish Formation here and unless for some reason it breaks suddenly below ( unlikely ) 1.32100 we are In for way higher levels – 1.350-1.365.

[Belgrade Bobby]

EURUSD Daily

Supports : 1.10850 , 1.10150 & 1.09500

Resistances : 1.11700 , 1.12050 & 1.12850

This week we can separate trading in two sections : Above and Below 1.11200

On the lower side , target comes at 1.10150 and serves as a Major support for continuation of the Up trend.

On the Upper side we are targeting 1.13450

 

[GVI Forex 2]

Newsquawk.com Week Ahead – 23rd-27th September: Highlights include US PCE, Global PMIs, RBA, SNB, Australian and Tokyo CPI

[GVI Forex 2]

So far risk off fallout from EZ PMIs not following through… see if EURUSD 1.1115becomes resistance

[GVI Forex 2]

UK PMIs miss on downside but still above 50 bppm/bust line

Not much reaction so far

[Author]

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