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[GVI Forex 2]

I was sent this earloier on gold from a pro Global-View member:

GOLD

When you have it sitting like this for days and months it is just time when someboidy big is buying it slowly.

[GVI Forex 2]

XAUUSD just broke 2531 => new record high => close vs. 2531 now the focus

[SF Monedge]

Odds are we see UsdJpy 143.50 post data release in my glass ball, which would be fairly counter intuitive one might think.  We could easily see much lower figures such as 142 or under first.

[GVI Forex 2]

ECB cuts 25bps as expected.

Next up

Weekly jobless claims, PPI

Lagarde presser

[Belgrade Bobby]

EURUSD Daily

Waiting for the ECB decision…..

Supports : 1.09700 , 1.09500 & 1.08800

Resistances : 1.10350 , 1.10650 & 1.10900

Last Friday lots of people lost their margins playing with the fire….do you want to follow that road ??

Stay out of it and wait for secondary reaction.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Amanda Cooper.

The first cut might be the deepest in some cases, but in the case of the Federal Reserve, it would seem not. Wednesday’s monthly inflation report showed a surprise tick up in core inflation that was enough to knock expectations for a jumbo half-point cut from the Fed next week on the head.

Morning Bid: The first cut isn’t always the deepest

[GVI Forex 2]

XAUUSD DAILY CHART – RANGE?

XAUUSD showing some signs of life above 2500 but continues to run into a wall at 2531.

This leaves about a 30 pip symmetrical range around 2500, with a bid while above this pivotal level but still in a range.

[GVI Forex 2]

USDJ[Y 4 HOUR CHART – CONSOLIDATING?

Looking for a bottom in this USDJPY remains a losing trade after another new low this week at 140,7o.

With that said, the two red AT lines is a pattern that has potential for a low but ONLY if 143.79 is firmly taken out.

Otherwise, current range us 140.70-143.79 as USDJPY consolidates after setting a new low.

[SF Monedge]

On sell side of usdjpy near 143

[Mtl JP]

and as long as under the 1.1015,
trgt at 1.0950/45

[Mtl JP]

EURO 1.1007

s/term puppy s got downward tilt as long as it is under 1.1015

[michael Calif]

open posts:    Law of Time; SP500 prices will remain Short during this current vibration.    :gtwo3

[GVI Forex 2]

US500 4 HOUR CHART – 61.8% tested

5500, as suggested proved pivotal with the move back above it squeezing the shorts.

With the 61.8% level tested, a move above it would suggest the bottom (with a higher low) may be in. Othrwise, it can still be considered a retracement.

In any case, 5500 remains pivotal with a limited downside if it can stay above it.

[SF Monedge]

I’m basically watching UsdJpy 142.40 for either failure or not.  If not it will continue straight up.

[SF Monedge]

With you there Jay, still long but monitoring

[GVI Forex 2]

SF, keep an eye on stocks… US500 is above 5500

[SF Monedge]

Im getting short UsdJpy again coming up in a bit

[GVI Forex 2]

GBPUSD DAILY CHART – 1.30 Pause

With GBPUSD pausing just above 1.30, it is far enough from its 100 (blue) and 200 (yellow) daily mvas to  consider whether this is still just a retracement.

In this regard, see retracement levels using our Fibonacci Calculator

 

[SF Monedge]

I don’t see much damage having been done to the dominant sell bias in UsdJpy going back months and will prefer that side but I do expect a bit more conviction on the buy side in coming days likely.

[GVI Forex 2]

US500 30 MINUTE CHART – Correlation algos run wild

Stocks bounced => yields back up => USDJPY rebounded to 142 BUT all still below earlier highs

[Author]

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