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[GVI Forex 2]

EURJPY UPDATE – TOPPING OUT OR A PAUSE?

[GVI Forex 2]

GBPUSD UPDATE – KEY LEVELS ON THE RADAR

[GVI Forex 2]

USDJPY 4 HOUR CHART – IS A TOP IN? KEY LEVELS CITED

[SF Monedge]

Most metrics in my view show moderate risk on environment starting the week, but moderate so subject to lack of conviction in spots.

[GVI Forex 2]

EURUSD above 1.08 suggests fallout from the French vote is limited for now.

Whatever the case logic says USD should have a limited upside ahead of Powell’s testimony tomorrow.

[GVI Forex 2]

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

Wall St stocks start the week surfing new records into another earnings season and Federal Reserve testimony, while surprise French election results saw the country’s left-wing thwart Marine Le Pen’s far right and leave a hung parliament there.

Morning Bid: Stocks surfing new highs, French surprise

[GVI Forex 2]

BTC 4 HOUR CHART – KEY LEVELS CITED

 

[JMM USA]

AUDUSD 4 HOUR CHART – STILL BULLISH

AUDUSD finds support by being the onky major CB with talk oif potential rate hikes rather than rate cuts.

As I noited,  I had to go to the weekly to find the next key target, which is not until nearly .6900.

In the sbsencde of key resistance, the new level to watch is .6761 high.

Expect support as long as it trades aboive .6710.

 

[GVI Forex 2]

XAUUSD 4 HOUR CHART – CONSOLIDATING

 

While technical have turned positive, a case can be made for 2300-235-2400 range unless the ntop end is taken out, which would expose the major record high.

Otherwise =, consolidating with support but a limited upside unless 2393-2400 is taken out.

[Belgrade Bobby]

EURUSD 1H

Supports : 1.08200 , 1.08000 % 1.07650

Resistances : 1.08450/500 , 1.09400 & 1.09850

Looks as hanging down, but it all now depends on 1.08200 support – if it holds, more attempts for Higher are in the game.

[GVI Forex 2]

EURGBP 4 HOUR CHART – ELECTION  CONTRAST

One restraint on the EURUSD upside has been a weaker EURGBP as markets look at political stability in the UK vs political instability in France.

EURGBP would need to break .8429 to pout the key .8397 in play.

Otherwise, look for .8450 to set its tone.

[GVI Forex 2]

EURUSD FILLS THE GAP AGAIN!

 

[GVI Forex 2]

EURISD tested both sides

1.0797 low 1.0794-99 support)

1.0836 (2 pips shy of filling opening week gap to 1.0836) so gap is still in play.

[GVI Forex 2]

EURISD tested both sides

1.0997 low 1.0794-99 support)

1.0836 (2 pips shy of filling opening week gap to 1.0836)

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

Fed Chair Jerome Powell will speak Tuesday on Capitol Hill in his semiannual monetary policy testimony. His assessment on disinflation, whether it is resuming, will be the central focus. His testimony will be followed on Thursday by US consumer prices where monthly rates are expected to remain cool but not the annual ex-food ex-energy core which is seen rising to 3.5 from 3.4 percent.

The Reserve Bank of New Zealand is expected to hold policy steady on Wednesday as is the Bank of Korea on Thursday.

Chinese consumer prices on Wednesday are expected to be quiet and flat while Chinese merchandise trade, estimated for Friday, is expected to show a strong rise for exports and also a rise for imports. Monthly UK GDP on Thursday is expected to remain flat, while India’s consumer prices on Friday are expected to remain steady and high.

Econoday

[GVI Forex 2]

NEW!

This is an amazing opportunity for traders of all levels if experience.

[GVI Forex 2]

LONDON, July 7 (Reuters) – France was on track for a hung parliament in Sunday’s election, with a leftist alliance unexpectedly taking the top spot ahead of the far right, in a major upset that was set to prevent Marine Le Pen’s National Rally (RN) from running the government.

Analysts react to France election results

[GVI Forex 2]

EURUSD 1 HOUR CHART – OOPS!

EURUSD seemed setup for a gap to the upside but the surprise French vote saw a gap to the downside.

To fill the gap, 1.0838 needs to trade.

On the downside, 1.08 is the obvious pivotal level with support at 1.0794=99 chart support.

This is a tough one to call until the political dust settles so toi keep it simple:

Keeps a bid while 1.0799 holds, below it says that politics rules.

On the upside a move above 1.0850-52 would say politics doesn’t matter.

[GVI Forex 2]

EURUSD gaps lower

[Belgrade Bobby]

BTCUSD – Bitcoin Daily

Support at 53.000.00 , 50.200 & 45.500.00

Resistance at 58.500.00 & 61.500.00

It couldn’t go above 58.500 on Friday and the Close indicates renewed pressure to the Downside.

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