Contact us

[GVI Forex 2]

XAUUSD DAILY CHART – XAUJPY?

 

If we assume that carry trade unwinds are driving the market, then a drop in XAUUSD makes more sense than a rise as this has been a perfect candidate for carry trades.

Key daily support 2349

Key moving averages are still out of range but the 200 4 hour mva is at 2360 currently,

2400 will remain pivotal.

[GVI Forex 2]

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

The worst day for the S&P500 (.SPX), opens new tab since 2022 and mounting central bank easing bets suggest markets’ serene ‘soft landing’ scenario is being questioned as China growth worries and U.S. election risks mount.

Morning Bid: Growth angst or air pocket? Stocks nurse losses

[GVI Forex 2]

USDJPY DAILY CHART – 150?

 

SLIDE CONTINUES WITH THE PIVOTAL 152 LEVEL LOOMING – BELOW IT PUTS 150 ON THE RADAR

CARRY TRADE UNWINDS FUELING THE MOVE AFTER BOJ INTERVENTIONS FINALLY TIPPED THE SCALES

KEY LEVELS:

151.84

151.50 = 200 DAY MVA

RETRACEMENT LEVELS FROM OUR FIBONACCI CALCULATOR (LIGHT TYPE IS HOW IT APPEARS)

 

 

[GVI Forex 2]

AUDUSD DAILY CHART – .6500 LOOMS

 

Current patterm (which I have been noting) 9 down days in a row

Key supports are a6 .6464 and .6361

.6500 may become important if it holds but depends on whether there is more selling in AUDJPY

Technical damage: It closed below the 100 day mva yesterday (blue) and has broken below the 200 day mva today.

To slow the risk, AUDJPY needs to find support and the 200 day mva, at a minimum would need to be recovered,

[GVI Forex 2]

AUDJPY DAILY CHART  UNWIND CONTINUES

 

Worth noting:

AUDJPY is currently down 1.9%

Currently below the 200 day mva (orange line)

Current pattern: 11 down days in a row

There is a key support zone from .8698-.9775

Given the divergence with USDJOY, one can assume that there have been major iquidtaions oif AUDJOY carry trades.

Watch the ckoise vs the 2090 day mva

[GVI Forex 2]

Correction: US PCE comes out on Friday

[GVI Forex 2]

USDJPY DAILY CHART – ANOTHER NEW LOW

 

153.00 JUST TRADED AND AS i HAVE BEEN NOTING, BIG FIGURES WILL LIKELY BE AS IMPORTANT AS TECHNICAL LEVELS.

AS YOU CAN SEE BY THIS CHART, THERE IS A VOID UNTILK 151,84, WITH THE KEY BIG FIGURE 152 STANDING INFRONT OF IT.

INTRA-DAY 153 IS NOW THE KEY LEVEL.

ONLY BACK ABOVE 154.05 WOULD PUT 155 BACK ON THE RADAR.

[GVI Forex 2]

The wait is on for US GDP and PCE

THU: CBR Announcement, CBRT Announcement; EZ M3 (Jun), German Ifo (Jul), US Durable Goods (Jun), GDP Advance & PCE (Q2), IJC (20th Jul)

Newsquawk Qwwk Ahead

[GVI Forex 2]

NAS100 DAILY CHART – TRENDLKINE BROKEN

 

A HIGHLIGHT WAS THE DAILY TRENDLINE BREAK SO WATCH HOW IT TRADES VS, IT TOMORROW

See below for retracement levels using our Fibonacci Calculator

 

[Mtl JP]

DLRx 104.09

last few days puppy is a low-volatility band Up and down bound

what an excellent opportunity for playing with greed, fear and tempting glory at risk of pain

I give credit to Dudley’s yak about why a cut BUT
I also like summers’ dissing dudley
and so adding to players’ dillemna

[GVI Forex 2]

US500 DAILY CHART – WATCH EARNINGS

 

This chart shows the break of 5444 is the level that would have to be recovered to slow the retracement.

Key now is earnings after the bell and whether it throws a lifeline.

[GVI Forex 2]

Stocks still melting down => but JPY no
Longer correlating (USDJPY 154.05)

[Belgrade Bobby]

Nasdaq 100 – NDX
Nasdaq hits one-month low as Tesla, Alphabet knock megacaps down
KEY POINTS:

S&P 500, Dow hit multi-week lows

Visa falls after missing revenue growth forecasts

AT&T rises after beating subscriber-addition estimates

Enphase Energy up after results

Indexes down: Dow 0.85%, S&P 1.61%, Nasdaq 2.55%

The Nasdaq plummeted to a one-month low on Wednesday after Tesla and Alphabet disappointed with lackluster earnings, prompting investors to question if the Big Tech and AI-fueled 2024 equity rally was sustainable in the long run.

[SF Monedge]

I believe we should see Bitcoin futures at 6040 in coming weeks though there is decent potential to see 6800 or higher prior.  Enjoyed the Ether ETF rolling out the other day.  Any participation in crypto on my part at this stage is purely speculative due to them not yet being mature instruments.  I realize that upsets the average GenZ and Millennial anarchist who wants them to replace to US Dollar so they can feel like they changed the world and are oh so smart, but those are just the facts.  They should transform to being more viable financial instruments over time like moth larvae somewhat in around 2 years from now.  Ultimately Stablecoin will dominate the pool of fringe crypto’s in various respects.

On another note I like the buy side of Gold stocks and if you don’t have much money then GROY (Gold Rty Group) from the 1.30’s or perhaps even 1.40’s is decent R/R you can live with even if it doesn’t go your way right away.

[Belgrade Bobby]

AMC Stock Alert: AMC Previews Revenue Drop, Pivot to Net Loss for Q2
Trading of AMC Entertainment  AMC stock was briefly halted this morning following the release of its preliminary second-quarter earnings. It was resumed at 9:43 ET, and, as of this writing, AMC stock is currently about 7% down.

AMC posted revenue of $1.03 billion, down 23.54% from $1.347 billion a year ago. Preliminary revenue was in line with the consensus analyst estimate of $1.03 billion.

The movie theater chain also reverted back to being an unprofitable company with a net loss of $32.8 million compared to net earnings of $8.6 million year-over-year (YOY). Diluted loss per share fell to approximately 10 cents from a diluted earnings per share of 6 cents. Analysts were expecting a GAAP EPS loss of 47 cents.

[Belgrade Bobby]

Alphabet Inc.- GOOGL

Alphabet shares hit lowest level since June 4
** Shares of Google parent Alphabet  GOOG fall 5% to $172.55 in day trading, hitting their lowest since June 4

** Alphabet’s Q2 capital expenditure rose more than expected, to $13.2 bln, due to support generative AI services

** Alphabet-owned Youtube’s Q2 ad sales grew 13% versus a 21% gain in Q1

** “Investors were quick to find fault and the spotlight immediately shone on a slowdown in Google’s advertising growth”

** Alphabet reported Q2 revenue of $84.74 bln, up 14% YoY, beating analysts’ estimate of $84.17 bln – LSEG data

[Belgrade Bobby]

Tesla Inc  TSLA and Google parent Alphabet Inc’s  GOOG  GOOGL second-quarter earnings on Tuesday failed to impress the Street and are dragging the stocks lower.

Tesla, a key Nvidia customer, reported second-quarter revenue growth of 2% year-on-year to $25.5 billion, beating the consensus estimate of $24.7 billion. EPS of $0.52 lagged the consensus estimate of $0.62.

TSLA – Tesla

[Belgrade Bobby]

AMD – Advanced Micro Devices Inc.

[Belgrade Bobby]

Chip Stocks Nvidia, AMD And Others See More Selloff On Wednesday – What’s Going On?

U.S. chip stocks led by Nvidia Corp  NVDA, Advanced Micro Devices, Inc  AMD, Taiwan Semiconductor Manufacturing Co  TSM, Broadcom Inc  AVGO, Qualcomm Inc  QCOM, Arm Holdings Plc  ARM, Intel Corp  INTC, Micron Technology, Inc  MU are trading lower on Wednesday.

NVIDIA – NVDA

[Mtl JP]

GVI 2:56
the beautiful thing in a FX trader’s life is the tension, pain and agony soursing from anxiety obout being on the right side upon entry AND greed and fear from having the wrong stop (or none at all – hahaha)

[Author]

Posts