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[GVI Forex 2]

Take a look at this feature in our economic calendar that you should find invaluable in this news driven global market.

[GVI Forex 2]

By contrast, UK flash manufacturing PMI 52.5 vs 52/1 (unch) expected

GBPUSD spikes up, EURGBP dip below .8500

[GVI Forex 2]

GBPUSD WEEKLY CHART – MAJOR LEVEL LOOMS

In a critical area with the 2023 high at 1.3141 looming above.

This makes Wednesday’s high at 1.3120 as it guards exposing this major high.

Intra-day support is at 1.3080.

On the downside, back below 1.3040-50 would be needed to cool the risk.

[GVI Forex 2]

EURUSD 1.1160 => 1.1163 => 1.1127 => 1.1147 last)

Up on spike in French services PMI (due to Olympics) => down on weaker German and French manufacturing PMIS => then pulled up towards 1.1150 but still below it… scroll below to see my post about 1.1150

[GVI Forex 2]

EURUSD took a hit from weaker German and French manufacturing PMIs. French services PMI spiked but was attributed to the Olympics, See my post on EURUSD 1.1150.

[GVI Forex 2]

In the world of electronic forex trading where an increasing volume is generated by automated programs, it is amazing that psychological or emotional levels still have a significant impact. It may be that my mind acts as an algo but whatever the case there are pivotal forex trading levels that I use that are as relevant today as they were when I first started trading.  One of these is the “50”level.

My Favorite Trading Secret: The Power of the “50” Level

[GVI Forex 2]

EURUSD 4 HOUR CHARP – Power of 50

Focus is clearly on 1.1150 as the bias setter after extending its high to 1.1173

Watch reaction to US data as 3 rate cuts are now baked in the cake, The “50” level will dictate whether it can make a run at 1.12 with  major 1.1275 looking above.

[GVI Forex 2]

WASHINGTON, Aug 21 (Reuters) – The Federal Reserve appears to be very much on track for an interest rate cut in September after a “vast majority” of officials said such an action was likely, according to the minutes of the U.S. central bank’s July 30-31 meeting.

The minutes, which were released on Wednesday, even showed some policymakers would have been willing to reduce borrowing costs at last month’s gathering.

Fed steaming toward September rate cut, minutes from meeting show

[Mtl JP]

DLRJPY 145.26

SL in , i d be happy tp around 145.5

[michael Calif]

big picture:   when viewed from the 2008 High, the current Euro rally since October 2022 lacks conviction and will soon turn lower    :gtwo3

[Mtl JP]

DLRJPY 145.14

ditto for a bit of an overhead lid atm

[Mtl JP]

DLRx 101.05

is abit of an earlier consolidation and current overhead Res

[Mtl JP]

DLRx 100.98

to see dlrx 101.21 and+ would be nice

[Mtl JP]

144.88
doing it

[Mtl JP]

SF 3:07 / I thinbk it prudent to see dlryen N of 144.85, 95
to try a long jab

[Belgrade Bobby]

Ehmmm….without those data and reactions like crazy mules, my calls would be Extremly Perfect….but with it…just Perfect…

[GVI Forex 2]

A bit of a delayed reaction to the first leg of the dollar bears perfect storm… USDX sets fresh session lows as USD slides

[SF Monedge]

Jerome Powell, Janet Yellen pending press conferences:  “You see nothing, its all a mirage, if you look at the numbers we said ___.”  Kamala Harris pending press conference: “hahahaha go team.”

I am waiting to buy UsdJpy again just a little lower.  So are some banks.

[GVI Forex 2]

Confirmed 818,000 revision lower

[GVI Forex 2]

I heard chatter of 818,000 down revision but take that FWIW as revisions not on wires

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