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[Ab hk]

Is today quad day?

[GVI Forex 2]

It looks like Friday book squaring spurred by some profit taking in stocks…. so watch equities to see if there is a correlation.. also bond yields ticking up may be a factor

[michael Calif]

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

[SF Monedge]

One would think we see 143 in time.  Overall I think UsdJpy is headed much lower looking out.  We will see what the market does.

[GVI Forex 2]

So much for the USDJPY upside as it has backed off after whatever the order flow was got filled.

Otherwise, stocks seem to be taking a breather,

[GVI Forex 2]

I posted 2 charts at the start of the week a an alert that something might be brewing in JPY crosses after USDJPY failed to hold the break below 140.

The two charts were GBPJPY and EURJPY, the former turning out to become the strongest move.

Whether it was some fund manager dipping his/her toes into a carry trade or just the move up in JPY exhausting itself, or a hidden hand stemming the tide below 140, you can see what has happened since.
‘
As for USDJPY, it would probably need to move above 145 to suggest anything more than a retracement.

GBPJPY 4 HOUR CHART

EURJPY DAILY CHART

[GVI Forex 2]

USDJPY 4 HOUR CHART – Another Central Bank decision whipsaw

With resistance at 144.22 being tested and next level far away, let’s look at retracement levels (161.93-139.58) using our
Fibonacci Calculator

[Mtl JP]

10:34 = maybe early bird gets the worm ?

[GVI Forex 2]

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

After a roaring Thursday that saw Wall Street stocks lap up deep Federal Reserve easing into a still-healthy economy, there’s a modest step back today and an eye on other central banks choosing to stand pat for now.

Going in different directions to each other policy-wise, central banks in Japan and China choose to hold the line on their interest rates on Friday – the latter slightly surprisingly given the alarming deceleration of its economy.

Morning Bid: Taking stock after Fed glow, Japan/China hold

[GVI Forex 2]

JP, I see what you are looking out but how significant is it? My logic says it would be more important on longer time frame charts.

[Mtl JP]

GBP 1.3285 and H & S

IF the sholder at 1.3285 gives,
trgt 1.3240-ish

[Mtl JP]

GBP 1.3288

on the 15min chart you can claerly sse (n play) a H&S formation, currently sitting right on the righ-side shoulder.

[GVI Forex 2]

XAUUSD 1 HOUR CHART – NEW RECROD HIGH

Focus is now on 2600 To maintain the bid after setting another record high at 2512.

Only back below 2584 would suggest a high is in for now.

[GVI Forex 2]

GBPUSD 30 MINUTE CHART – NEW HIGH BUT…

Resistance: New 2+ year high at 1.3340

Supports: 1.3287, 1.3271, 1.3220

Use 1.33 as the bias setting level

[Mtl JP]

…”it pays to take a look at what it means for a central bank to be data dependent”…

not be data dependent rather APPEAR to be data dependent.

think
what data numbers would you like sir / madam ?

reminder : at previous presser jerome spent numerous minutes trying to erase questions and suspicions about the FED being political.

[GVI Forex 2]

Gold extends record high above 2600 (now a bias setting level)

GBBPUSD extends 2+ year high to 1.3340 before backing off (1.33 now becomes pivotal)

EURUSD lags

USDJPY had a 200 pip range after BoJ…… back above 143

Feels like a where can I run stops Friday

[Ab hk]

I believe that we are entering the final phase of gold bump like 2011 pre-Greece funny game.

Good luck and seat belt needed.

[GVI Forex 2]

With the ECB taking a data dependent approach and Fed Chair Powell indicating something similar following the 50bps rate hike, it pays to take a look at what it means for a central bank to be data dependent.

What Does Data Dependent Central Bank Policy Mean for Trading?

[Belgrade Bobby]

Gold – XAUUSD Daily

Supports : 2575.00 , 2560.00 & 2530.00

Resistances : 2600.00 , 2610.00 , 2620.00 & 2640.00

This might look to you as a perfect pattern for next move Up, but I have to warn you that it is NOT.

It is at best 50-50 chance

I am not saying Gold won’t continue up in coming days, but that I wouldn’t expect it to happen tomorrow.

Plus there is something off with it – so let’s see how it develops…

 

[Belgrade Bobby]

EURUSD Daily

Supports : 1.11350 , 1.10800 & 1.10050

Resistances : 1.11750 , 1.12050 & 1.12800

1.12050 is a serious hurdle , and unless taken out tomorrow, EURUSD won’t fly.

FOMC passed, and we haven’t seen a new daily high that followed…

Cautiously !

[Author]

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