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[Rafe]

I came across a headline yesterday in which the USA is considering a sovereign wealth fund,… well call me late… but just the other day I was considering saying they should have a sovereign wealth fund along the likes of other countries such as Norway and my dear Saudi Arabia etc… But then in order to start that fund the USA wants to offload gold which they purchased at 42 bucks each. Ditching an asset which gives capital appreciation, and superior returns above inflation which stocks have not been able to give. Gold existed ever since the beginning of time even centuries before the USA was even discovered, as a matter of fact that is why they were discovered, it was because of an explorer’s search for Gold and Spices… Trump wants to bail out tiktok and do crypto by dumping money into Moore’s law? He should be negotiating treaties to buy as much gold as can be produced in the world for the next 50 years.

If the FED invests in bond yields then that would fill the void left behind when USAID was dismantled. Bonds are indirect investments into the welfare systems of countries… They got some great non-calleable bond deals going on somewhere in the world. And last I heard on 1 year paper was 6.55%+.

Gold and Bond’s are the only 2 bets for that kind of money.,.. and no other countries know the world like the United States does. What was all that spying done for?

Stock investments are limited by the amount of capital which can be invested in companies. under performance of stocks causes capital erosion which is counter intuitive. Companies won’t last as long as Physical Gold and the countries obviously. eg. India has been around for 5000+ years and which company in the world has been doing business for even 10% of that time?. Additionally, in how many companies in the world can an investor buy 75 billion dollars worth of stock for a 5% stake and be confident that the money is safe,… only maybe 3 or 4 companies if that many.

[GVI Forex 2]

Hedline whipsaq continues… out a little while ago and will have everyone glued to the TV and headlines on Thursday.

It also cyt short the EURUSDF rally that paused just below a key AT level at 1.9432 (high 1.0430, lasr 1.0389)

Source: Newsquawk.com

[GVI Forex 2]

XAUUSD ONE HOUR CHART –  Retracement contained for now

Pause above the 2852 level cited earlier (low 2863) contained the retracement but would need to regain 2898_ to put the 2942 and talk of 3000 back on the table.

So far XAUUSD has not suffered from hopes of easing geopolitical tensions but bears watching.

 

[GVI Forex 2]

There has been enoiugh news today to last a week. In the end, it is the reaction that counts.

This came out earlier but we need to hear it from Trump.

Source: Newsquawk.com

[Mtl JP]

end when – next week, month, sometime in 2026 ?

[Jay Ny]

Trump says he and Putin agreed to start negotiations to end Ukraine war: ‘It must end’

[Jay Ny]

Another headline… this one raised hope that a Trump-Putin call will lead to an escalation end to the Russia-Ukraine war

EURUSD pops above 1.04. stocks bounce

[Belgrade Bobby]

DAX – GER 30

This break above 22.000 and momentum to not only hold it above, but to push higher is a very good sign for DAX.

It should be able to reach somewhere between 22.500 & 22.800 , and then any correction can be controlled.

So as far as it moves from 22K – better on the long run.

[Belgrade Bobby]

GME – GameStop Corporation

Yes Jinx it I did 😀

24.60 first and then 23.50 would be technically perfect.

Overall Target should be in 18.00 area now.

[Belgrade Bobby]

EURUSD 4h Update

EUR bounced sharply and reached 1.03800 once again.

Now the question is how is it going to Close this bar in about hour and half.

Options:

–          Close above 1.03600 – Bullish – it would go way above 1.03800 and change the Daily direction to Up

–          Close below 1.03500 – Bearish – Another leg down testing at least 1.02900

Later tonight I’ll reassess the situation and post another update

[GVI Forex 2]

US500 30 MINUTE CHART – MIND THE GAP

Held above 5987 bottom of the range but upside is limited while below the top of the post-CPI gap.

[GVI Forex 2]

So much for that move off a nothing burger headline… 10-year still above 4.65%… EURUSD needs to hold 1.0350-54 or risk turns back to the low… USDJPY staying bid

[GVI Forex 2]

News trading algos reacting to keyword phrases and any hint of a way out of a  tariff trade war.

Source: Newsquawk.com

[GVI Forex 2]

USD spikes down on these tariff related comments, suggests no definitive announcement today.

Source: Newsquawk.com

[GVI Forex 2]

US 10 year at 4,651%… fx paying notice

There is a10-year bond auction today.

 

[GVI Forex 2]

2nd day of testimony by Powell coming up, this time to the House Banking Committee.

Typically it is a repeat of the prior day but this time expect questionx about today’s CPI report.

[GVI Forex 2]

Keeping an eye on bond yields as others will be doiing the same…it looks like US 10 yr 4.65% is acting as resistance… EURUSD would need to regain 1.0354 to be back in the overngiht range.

[Belgrade Bobby]

EURUSD 4h

EUR reached my target at 1.03800 and got rejected sharply.

For this move to continue, it has to go below 1.03100 in next 4h.

Resistances: 1.03400, 1.03600 & 1.03800

Supports: 1.03100, 1.02900 & 1.02800

[GVI Forex 2]

10 year yield spikes higher after CPI… USD up, stocks down, XAUUSD down

[GVI Forex 2]

Hotter CPI, both headline and core… details in our Economic Data Calendar

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