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[Belgrade Bobby]

Nasdaq – NDX

Nasdaq composite: Land of confusion
U.S. equity index futures sharply higher: Nasdaq 100 up >2%

Initial claims 219k vs 230k est; Philly Fed +1.7 vs -1.0 est

Euro STOXX 600 index up ~1.3%

Dollar ~flat; gold gains; crude up >1%; bitcoin up >4%

U.S. 10-Year Treasury yield rises to ~3.77%

[Belgrade Bobby]

Nvidia – NVDA

NVIDIA & 2 Other AI Stocks to Gain From Lower Interest Rates

On Wednesday, the Federal Reserve trimmed interest rates aggressively and penciled in further rate cuts by the end of the year. It slashed the benchmark A lower interest rate scenario may lead to stock gains for major artificial intelligence (AI) tech players like NVIDIA Corporation NVDA interest rate by a half-point to 4.75-5% for the first time since March 2020.

[GVI Forex 2]

US500 4 HOUR CHART – ANOTHER NEW RECORD HIGH

A IHAVE SAID BEFORE, WHEN IN RECORD HIGH TERRITORY, THE NEW HIGH BECOMES THE ONLY KEY RESISTANCE.

LOOK FOR UPPORT ON DIP AS LONG AS IT TRADES ABOVE 5685, STRONGER BID IF ABOVE 5700.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – BID BUT NO NEW RECORD

No change to what I posted earlier’

Look for support as long it trades above 2500-11 but unlike recent days, there are no stops to go for on the upside unless the record 2600 high is taken out.

If it trades between 2500-2600, then 2550 will set its intra-day bias. If 2600 is broken and sustained, then it again moves into unchartered waters.

[GVI Forex 2]

BTC 4 HOUR CHART – MOMENTUM BUILDING?

Chart trying to build momentum off the rising red AT line.s

Bid while above 60K and now needs to move above the 200 period mva (yellow) to make a serious run at 65K.

[Mtl JP]

EURO 1.1154

puppy s got bulish tone

S 1.1120

[Mtl JP]

DLRx 100.50
–
dlr s on back foot again after yesty’s ying-yang
If it fails here say hello to 99 – 89.50

[SF Monedge]

UsdJpy If 142.65 breaks we likely see 142.40 to fill the curve.  Otherwise its going up to challenge 143 in tandem with some shift in activity I see already creeping in.

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.32450 , 1.32150 & 1.31800

Resistances : 1.32750, 1.33150 & 1.33450

Road is open for a test of 1.34550 in next couple of days.

[GVI Forex 2]

EURUSD 15 MINUTE CHART – SUPPORT HELD

This is the 1.1115 level I cited earlier as support.

Resistance at 1.1141…break would put the 1.1150 magnet in play

 

[GVI Forex 2]

… and one now that saw the USD move up after stocks backed off highs (US500 last 5706)… at least you can see the current correlation (as long as it lasts).

[GVI Forex 2]

US500 5616 => 5685 => 5723 (new record high)

Bond yields backing off (3732%)

USD off its highs… this time EURUSD held 1.115 (AT) intra-day support

[SF Monedge]

Caveat – I cannot see the orders like I could when I was a CTA running software and preferential access specifically for “us” but I still can see enough to form a sense of the activity.  So7 on a 10 scale in terms of vision in that regard.

[SF Monedge]

Regarding yesterday’s activity –

I believe the market immediately began pricing in a BOJ cut coming up upon the FED decision.  I believe without .75 algorithms responded uphill in UsdJpy as enough had been priced in, and so the focus immediately shifted to the potential of a BOJ cut.  There definitely was institutional money battling on both sides a bit more than usual (I could see orders in futures/options) and the entities long forwards won the day.  That is not always the case but usually so.  Today they are short UsdJpy with the exception of yields, which are long on the outsides and short on the nearby’s.  Part of the activity was carry adjustments as well.  Just a thought.

[GVI Forex 2]

US500 30 MINUTE CHART – High is in?

With the USD recovering following earlier data, will stocks do the same?

Whatever the case, US500 appears to have formed a top for now at 5716.

[GVI Forex 2]

How the world has changed

Weekly jobless claims used to be 3rd tier data

Now it is acting like tier 1

US yields up after data (10 year 3.76%)

EURUSD minor support around 1.1125 so far holding

[GVI Forex 2]

Weekly jobless claims lower than expected

Philly Fed slight beat on upside

Continues the recent streak of better than expected US data

See our Economic Calendar

[GVI Forex 2]

EURGBP DAILY CHART – KEY SUPPORTS

EURGBP lower post-BOE rate decision

Key support is at .8375, with just .8392 standing in the way.

Back above .8411 would be needed to neutralize the risk

Note tug-of-war between GBPUSSD and EURUSD

[GVI Forex 2]

GBPUSD: More fun and games after a CB rate decision

1.3260 => 1.3314 => 1.3272 => 1.3286 (LAST)

[GVI Forex 2]

UK 10 year gilt yield

3.9105 +0.0605

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