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[GVI Forex 2]

I do not know why my charts sometimes change the high/low. Now it is showing 1.1134 on a weekly (was showing 1.1137) but I will always go for the “50” level as a key one to watch..

Brief spike just now through 1.11 sets this as the pivotal level to watch (options level?) as that can often lead to being a top.

Has to hold 1.1092 or risk shifts to 1.1082.

[GVI Forex 2]

I do not know why my charts sometimes change the high/low. Now it is showing 1.1134 on a weekly (was showing 1.1137) but I will always go for the “50” level as a key one to watch..

Spike just now through 1.11 sets this as the pivotal level to watch (options level?)

[Mtl JP]

USD’s slide into the toilet is likely a reflection of player high expectations of upcoming Jerome yikyak on Friday about accommodating (assuaging?) them with a signal of sept Fed easing. The one element that may be in for some correcting is whether what-ever easing maybe gifted upon the market is a start of a process.

The degree of perception of any Powell dovishness will likely determine how much more the DLR will weaken or not.
Market is a bit too giddy about Fed’s easing expectations.

[Mtl JP]

fwiw euro 1.1150
= late dec ’23 high

[Mtl JP]

EURO 1.1095

bull run looks solid odds are for 1.1150 tag BUT

technically a some indicators looks stretched so a corection can not be ruled out as a surprise

bostic and barr yak later today

[GVI Forex 2]

USDCAD up after CPI

Resistance at 1.3641 and 1.3656 (former support)

[GVI Forex 2]

CANADAIAN CPI UP NEXT

SEE OUR ECONOMIC CALENDAR

[GVI Forex 2]

GBPUSD trying to establish 1.30+ (last at 1.3010) for a run at 1.3044. Keep in mind that 1.3050 lies just above it.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets.

It’s been quite a recovery for the S&P 500 stock index since early August’s turmoil. The benchmark has risen for the past eight trading sessions, its longest streak of 2024, and is now just 1% off its mid-July record high.

Morning Bid: S&P 500 hunting cloud nine

[GVI Forex 2]

USDJPY 15 MINUTE CHART

Source: The Amazing Trader

This is what I meant when I said use short-term charts to trade USDJPY (note Amazing Trader logic pointed down).

[GVI Forex 2]

“[Israel=Hamas ceasefire] negotiations scheduled in Cairo are expected to be postponed until the end of the week due to a lack of progress in contacts.”, according to Sky News Arabia citing Israel official and dip;omats via Israeli Broadcasting Corp

Source: Newsquawk.com

XAUUSD extends record high above 2510. No sign of concern in other markets.

[GVI Forex 2]

BTC DAILY CHART – Not the focus

Keep an eye on the 100 (blue) and 200 (yellow) daily mvas that are starting to converge. TO SUGGEST A RUN AT 70k, A MOIE ABOVE THE MVAS AND 65597 WOULD BE NEEDED.

Otherwise it will continue to flounder.

[GVI Forex 2]

XAUUSD DAILY CHART – 2500-2510

Trying to break 2510 for 3rd day in a row.

Needs to hold 2483 to maintain the breakout

If geopolitics are a factor, the ceasefire talks this week are a potential event risk for both sides of the market…

In any case, 2500 will set the tone going forward.

[GVI Forex 2]

GBPUSD DAILY CHART – Key levels are clear

UP 7 out of 8 days coming into today but needs to establish 1.30+ to make a run at the 1.3044 high

So key levels are clear: 1.30 and 1.3044

On the downside, intra-day support 1.2972, key level is at 1.2937-40

[GVI Forex 2]

USDJPY 1 HOUR CHART – LIQUIDITY?

USDJPY continues to be the most volatile currency as can be seen on this chart, where the one hour candle had a range of 146.53-145.84 (in the absence of news) with a close at 146.33 IN WHAT HAS BEEN STILL AN INSIDE DAY.

Whatever the case, this follows yesterday’s range of 148.05-145.18– close at 146.71

I am not sure what this suggests other than pockets of less liquidity.

Use short-term charts to trade this currency.

[Mtl JP]

fwiw – ueda yaks on friday about july 31 hike, odds are he ll yak about his plan for more tightening

[GVI Forex 2]

This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who has been kind enough to share his latest view and strategy.

The Latest USDJPY Update From the Savvy Trader

[GVI Forex 2]

AUDUSD WEEKLY CHART – AIMING HIGHER?

Next key target is at .6798 on both the daily and weekly charts.

On the downside, there ARE no nearby key levels so use .6700 as the first buy on dips level although support is seen between .6650-00.

[Mtl JP]

EURO 1.1084

Looks as it will close N of its 200w ma
probably momentum at play, feeble as it may or not be

[SF Monedge]

In case you missed it, the Social Security numbers and personal identification of hundreds of millions of people in the US, UK, and Canada have been hacked and sold on the black market in recent weeks.  The safe bet is to not assume your data was not in there.  This is a big industry.

[Author]

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