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[Belgrade Bobby]

Yes, German Elections is another important moment, but I don’t think that the fate of EUR is in their hands…any more…Trumps dealings with Russia / Ukraine is way more important.

Aside feelings of honourable European politicians ( finally someone to make them sweat and lose some sleep) , if Trump manages it till the end, Europe as a region/continent will get another chance.

It all falls back to question of Gas and Minerals coming from Russia- so Europe might ( will ) lose this one – as in the eyes of local politicians Piece is a loss…but Europe will win in many ways…

Of course waves will be felt for months to come, but we like to say : every miracle lasts three days…

[GVI Forex 2]

Hi Bobby,

Decision day shoud be next week after any dust settles on the GerMAN election result

for today, see if or not 1.0450 exerts a magnetic pull. .

[Belgrade Bobby]

EURUSD Daily

Is it going to be the decision day today for EUR?

Supports at : 1.04600 & 1.04350

Resistances at: 1.05050 & 1.05550

Data today should finally gives us a clue – Economic Data Calendar

[GVI Forex 2]

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

Wall Street nursed a bruising on Walmart (NYSE:WMT)’s downbeat results, casting a cloud over the U.S. consumer just as more buoyant European markets awaited the weekend’s German election.

Another blizzard of often conflicting influences from geopolitics, trade, monetary policy and corporate earnings barrelled into world markets over the past 24 hours.

But it was the retailing giant’s miss on its sales and profit forecasts – citing the turbulent political environment and trade uncertainties ahead – that cut deepest.

Morning Bid: Walmart clips Wall St, euro eyes German vote

[GVI Forex 2]

10 year yield below 4.50% (German yields down more, UK yields higher, Japan yields backed off from 15+ year hiugh) )

 

 

[GVI Forex 2]

US OPEN

EUR weighed on by PMIs & JPY hit by Ueda remarks, Commodities are pressured by the firmer Dollar ahead of US PMIs

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses are mostly higher after paring initial pressure following dire French PMIs; US futures are modestly mixed.

DXY attempts to recoup lost ground, EUR weighed on by PMIs, JPY hit by Ueda remarks.

BoJ Governor Ueda said if markets make abnormal moves, the BoJ stands ready to respond nimbly, such as through market operations, to smooth market moves.

Bunds bolstered by soft PMI metrics; Commodities are pressured by the firmer Dollar.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

USDJPY DAILY CHART – Stalemate

This chart speaks for itself

Downside came within 5 pips of 149.34 support.

Rebound paused below the 150.91 breakdown level… upside limited unless regained.

150 remains pivotal, above it cools the risk,  below it would put support at risk again.

[GVI Forex 2]

XAUUSD 4 HOUR  CHART –  Tests support

XAUUSD so far fighting off retracement pressure by holding (just) below support at 2918 cited yesterday.

This leaves it consolidating within a 2917-2950/55 range with a lingering retracement risk unless the upper end is taken out,

To repeat, betting on a retracement has been a losing bet and why I have been citing 2918 as the level hat needs to hold to contain the retrace risk

[GVI Forex 2]

Using my platform as a HEATMAP

Dollar is firmer after yesterday’s sell-off

Led by USDJPY which had bounced back above 150 but remains below yesterday’s  150.91 breakdown level.

Only news I have seen is a pushback by several officials on rising JGB yields (10 year hit a 15+ year high)

EURUSD backed off from 1.05 awaiting Sunday’s German elections…. 1.0450 = neutral while within 1.04-1.05

Stocks steady after yesterday’s sell offs.

Gold extended its retreat from yesterday from a new record high but so far contained after testing 2918 support (low 2917).

Highlights:

Flash EZ and UK PMIs

Japan CPI (hotter but ignored)

See our Economic Calendar for upcoming US data

TGIF

[GVI Forex 2]

Little reaction to mixed ffash PMIs

 

Source: Newsquawk.com

[Adam Global]

GBP just tapped my 61.8 fib level

With 50.0fib fib level still holding

More bullish is expected

1.2700 is coming

[Adam Global]

Eur is back to 1.05000 quarter point

After confirming double top

Moving average is holding Eur up

[Adam Global]

Bitcoin is going to 100000.00

More bullish is expected

Moving average still bullish

[Adam Global]

Japan still on the sell

More retracement with trump speech

Trendline was tested

[Adam Global]

Germany-40 index still taking a dash dropping

Moving average still broken

Trendline is broken but still holding on

[GVI Forex 2]

There has not been a lot of attention on the German elections but with the vote scheduled for Sunday, let’s take a closer look by asking the followung question

Does the German Elections Matter?

[GVI Forex 2]

NAS100 4 HOUR CHART – Failure for now?

The failure to retest the record 22225 has raised a risk oif a retracement as long as it trades below 22134.

Keep in mind that betting on retracements following through has been painful so keep an eye on 22000 as this level will dictate whether retracement pressures can build.

The negative reaction to Walmart’s Guidabce Warning is a sign the risk has turned two-soded.

[Belgrade Bobby]

EURUSD Daily

And now things are starting to look tradeable

1.04450 taken out, and EUR is starting to show some teeth…

Next hurdle at 1.05550 – now this hurdle is important – if EUR manages above it, the road will be open all the way to 1.10000

Supports: 1.04700 & 1.04350

[Belgrade Bobby]

XAUUSD – Gold

New day – new high – and again just marginally higher.

To explain about these marginally higher highs – what it means?

It means that there are no stops above it – once there are no stops ( orders) interest to move higher is fading .

Without some serious news/fundamental reason it is now going to be very difficult to push it further Up.

Once stops are placed below 2.900 , it is going to become very interesting to start bidding lower….

Then it is going to be interesting – is Support at 2.870 going to hold, or deeper correction will be on cards.

[Belgrade Bobby]

BTCUSD – Daily

Resistances: 98.895, 100.200 & 102.600

Supports: 96.300, 93.300 & 89.450

Carefully with expectations – this is sideways and will be until some levels are broken.

It looks like the creation of a Bull formation, but it is not yet formed – this can turn sour in a day – so wait till you really see it happening.

[Author]

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