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[GVI Forex 2]

More logical now — USDJPY reacting to weaker stocks – more like correlation

[michael Calif]

USD has time vibration low; SP500 has time vibration high.    :gtwo3

[michael Calif]

Convergence

[GVI Forex 2]

Divergence?

Stocks slipped … USD blipped…

[Mtl JP]

also dont want to see dlrx under 100.80

[Mtl JP]

Jay 1:53 – tks

so now eurdlr is at my s/term Support.

try a careful long here

[GVI Forex 2]

US500 4 HOUR  – SETS THE RISK TONE

Since stocks are setting the risk on/risk off tone and other markets, like FX, are paying notice let’s look at the level that would squeeze the risk off crowd.’

‘On his CFD chart it is yesterday’s high at 5553 although there is a FIBO level just above it.

[SF Monedge]

I just got off the phone with arguably the best trader I have run into.  And he is right here in this forum.  His name is Jay Meisler.  I can say that as a former CTA.  I would listen to Jay if I were you.

[GVI Forex 2]

More relief… ISM services PMI with a sight beat on the upside,

[michael Calif]

Yen:   recall there was a time vibration sea change at Yen futures lows early July; still in effect.    :gtwo3

[GVI Forex 2]

JP, ISM Services PMI up next

S&P final services PMI revised slightly higher.

[Mtl JP]

EURO 1.1102 as I type; HoD sofar 1.1119
–
Bias: niaah to uP
Res 1.1122
Sup 1.1070/60

[Mtl JP]

nothing left on data docket other than

10:00nyt – ECB’s holzmann yaking

[Belgrade Bobby]

EURUSD 4h

Supports : 1.10950 , 1.10850 & 1.10700

Resistances : 1.11200 , 1.11400 & 1.11500

In my opinion, this Run Up is of a correctional nature, and we should be visiting lows again.

Depending on that coming move, we’ll be able to determine is this going to be Finding Support for another rally up , reaching 1.12750 or a beginning of the full blown Downtrend – 1.07 area first target.

Based on the Daily pattern, this is too steep right now for some real advances up.

[GVI Forex 2]

The weekly jobless claims are seen as more timely data.

[GVI Forex 2]

some relief after weekly jobless claims came in below consensus at 227K

Next up is the ISM Services PMI

[GVI Forex 2]

ADP jobs miss at 99k

Not a good indicator of NFP but adds to job slowdown concerns

[Mtl JP]

euro 1.1099

low cost / risk opp level

[Mtl JP]

50/50, savvy and degenerate traders

curtesy zh:
“Unknown Traders Put On Huge Bet Jobs Report Will Be So Hot, It Sends 10Y Yield Above 4.00%”

[GVI Forex 2]

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

U.S. stocks look to have weathered the early September squall for now but interest rate speculation and ebbing bond yields now take center stage as evidence mounts of slowing U.S. labor market.

Futures markets now see almost a 50-50 chance of a 50 basis point Federal Reserve rate cut this month and two-year Treasury yields plumbed 3.75% on Thursday for the first time in 16 months.

Morning Bid: Stocks calmed as action switches to rates, jobs

[Author]

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