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[GVI Forex 2]

EURUSD: Key support is last week’s 1.1026 low (low so far 1.1037).

[GVI Forex 2]

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

Wall Street futures have found their feet after Friday’s exaggerated market reaction to an otherwise middling employment report – with Apple’s new iPhone and Tuesday’s presidential candidates’ debate next up on the radar.

Post-payrolls foothold, new iPhones and debate

[GVI Forex 2]

Thanks again to Michael for his timely USD posts

September 8, 2024 at 9:19 pm
michael Calif

earlier posts: per the law of (time) vibration, the decline in USD futures since late June has ended. :gtwo3

[GVI Forex 2]

GBPUSD testing 1.3087 again … Here are retracement levels for 1.2664-1.3266 using our Fibonacci Calculator

[GVI Forex 2]

US500 4 HOUR CHART – Stocks set the risk tone

Here are retracement levels using our Fibonacci Calculator

[GVI Forex 2]

GBPUSD DAILY CHART – Support tested

Today’s low 1.3087

As posted in out Weekly FX Chart Outlook

The failure to hold above it and retest the high suggests a lack of power but only a break of 1.3087 would suggest more to the downside. Above 1.3087 it is still in a consolidation mode.

[GVI Forex 2]

USDJPY 4 HOUR CHART – Hidden hand?

As noted in our Weekly FX Chart Outlook, USDJPY remains the most sensitive currency to the risk on or risk off mood, especially the latter

USDJPY came close (today’s low at 141.76_) vs the low for the move (141.68) and then rebounded as it followed higher US stocks to start the week.

For me this suggests a hidden hand (BoJ?) protecting the low but in any case there is a higher low.

BUT to end this current episode down and shift the focus to 145, 144.22 would need t be taken out.

Look for 143.59 to be a pivotal level today.

[Mtl JP]

Mtl JP 8:28 my post abot FOMC on the 12th IS AN ERROR.

Plz correct the date , the rest is ok.

[Mtl JP]

10-yr 3.757, EURO 1.1047, DLRx 101.53

lOOKS LIKE MARKET IS TUGGING ON THE IDEA

that the dollar has turned around and is now on verge of rallying

disclaimer:
any apparent display of service or thing “attached” to my post is only a visual mirage.
I do not endorse or promote anything
…
..
.

[Mtl JP]

WEEK OF THE FED’S MAKING A “DIFFICULT” , PERHAPS EVEN A “TOUGH” BUT
nevertheless one of two of their legal primary responsabilities

12 / 09 / 2024 – FOMC decision on interest rate

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[Mtl JP]

A CLARIFICATION
just in case

it now appears as attached to my posts some promotion / advertisment

IT JUST A VISUAL MIRAGE –
I AM NOT PROMOTING OR ENDORSING ANY PRODUCT OR SERVICE THAT MAY APPEAR ATTACHED AS PART OF ANY OF MY POSTS

[Mtl JP]

yaaaa … no meaningfull job layoff

coz he still has hers
at age 78 !

[Mtl JP]

EYE ON YELLEN
She believes

Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs by Rebecca Picciotto

• Treasury Secretary Janet Yellen said that she believes the U.S. economy is healthy and that recent months of cooler jobs data is a signal of a soft landing, not a recession.
• Yellen said the U.S. is not seeing meaningful layoffs and the economy is “deep into a recovery.”

Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job reports that have rattled investors and weighed on the stock market.

“We’re seeing less frenzy in terms of hiring and job openings, but we’re not seeing meaningful layoffs,” “I’m attentive to downside risk now on the employment side, but what I think we’re seeing, and hope we will continue to see, is a good, solid economy.” – Yellen said at the Texas Tribune Festival in Austin

And all clowns at the festival laughed so hard they rolled on the floor and some in the mud outside

[GVI Forex 2]

There’s no doubt among forecasters that the European Central Bank will cut its deposit rate by 25 basis points at its Thursday announcement, a move that could take second billing in the week’s events should Wednesday’s US CPI report miss expectations. August’s CPI is expected to cool to 2.6 from 2.9 percent though the core rate is seen holding steady at 3.2 percent. Cooler-than-expected results could heat up talk of a 50-basis-point cut at the Federal Reserve’s September 18 announcement while higher-than-expected results would likely settle expectations at 25 points.

Chinese merchandise trade will open the week on Saturday local time with only a modest narrowing in the country’s surplus expected. Monthly UK GDP on Wednesday is expected to show marginal growth while US consumer sentiment on Friday, in what will be the first indication for September, is expected to remain flat.

Econoday

[michael Calif]

earlier posts:   per the law of (time) vibration, the decline in USD futures since late June has ended.    :gtwo3

[GVI Forex 2]

Weekly FX Chart Outlook – Run for the exits!

After whipsaw trading following a weaker US jobs report, the market has to pick up the pieces after a tough end to the week where it ended in a risk off mood led by the sell-off in stocks..

In the week ahead, the focus will be on equity markets to set the risk mood….

 

 

[GVI Forex 2]

We spent the day in NYC walking 12 miles so covering a lot of ground.

Well, while this is only anecdotal, and I said we walked a lot, I did not see any signs of a slowing economy let alone a recession.

[Mtl JP]

SF and what do u mean by everyone is “nice” ?

[Mtl JP]

SF 5:35 ya. actually very much so. hormone imbalance of fear of account imbalance.

those who do not have fear of oaccount imbalance have perfect balance.

six feet in the ground.

[GVI Forex 2]

Newsquawk.com Week Ahead: 9th-13th September
Highlights include China CPI, US CPI/PPI, ECB rate decision; UK GDP & employment/wages

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