[GVI Forex 2]

EURUSD 1.09 prints for 6th day in a row (note one exception was a high at 1.0897, close enough0 after trying for a clear path to 1.10. so back to square one.. support at 1.0887 untouched…no appparent news but someone whacked it above 1.0950

[Mtl JP]

GAP (bear)
USDCAD

[Mtl JP]

actually including “infrustructure” in the description is just a lipstick on debt pig as most of it is for “defense”. Players have already collected rather respectable profits off that sector.

fwiw

[Mtl JP]

…” 500-billion-euro fund for infrastructure”…
–
the traditionally getting-into-debt german is suddenly markets’ darling for sticking its nations neck into a 500-billion euro over next few years debt noose, by some enthusiasts’ calculations to be ballpark 3-4% of GDP.

ieeha, economics and peace prize for president trump goading the german thusly ?

euro 1.0918 as I type, on the longer time frame euro still in strong up trend shouls see S on dips into high 1.08 region if seen

[David Shepherd]

GBPUSD turned bearish to take out the recent low

[GVI Forex 2]

Early EURUED gains (whiuch failed abiove 1,0950) may have been in anticipation of this vote

Parliament to vote on 500-billion-euro fund for infrastructure
Also to vote on easing of strict borrowing rules
Conservatives, SPD and Greens expect to reach majority
Measures would mark tectonic shift in spending

(Reuters summary)

[GVI Forex 2]

Trump-Putin call is scheduled between 1-3PM GMT

[GVI Forex 2]

US stocks slipping… so far just an inside week

[GVI Forex 2]

TIME TO REVISIT THIS ARTICLE AS EURUSD FOCUS IS ON 1.0950

EURUSD HIGH 1.0954 => LAST 1.0944

My Favorite Trading Secret: The Power of the “50” Level

 

[GVI Forex 2]

XAUUSD 4 HOUR CHART – WHERE’S THE TOP

There is no reason to guess at a top until charts tell you there is a reason to do so.

Resistance: Use the most recent (record) high: 3028 so far today

Support: To state the obvious, 3000 will dictate the tone, below 2978 would be the level where charts say there is a top

[GVI Forex 2]

Using my platform as a HEATMAP shows

… the dollar trading weaker except vs. a weaker JPY (USDJPY came within spitting distance but backing off after being unable to test 150).

EURUSD break of 1.0947-50 would need to hold to put 1.10 on the radar.

Middle East heating up, supporting oil and gold but little signs of stress elsewhere.

XAUUSD extends record high above 3005.

US stocks steady and seeing if they can build on a 2- day rally

Looking ahead,

Trump-Putin call today

entral bank meeting deluge starts on Wednesday

[Mtl JP]

oh oh oooh… oecd warns
or offers a hint to president trump ?
–

Bank of Canada would need to hike interest rates by up to 1.25% in full-blown tariff war, warns OECD

[GVI Forex 2]

There is a good lesson in this blog article

How was GOLD (XAUUSD) a victim of collateral damage?

[GVI Forex 2]

USDJPY 4 HOUR CHART – Reacting to risk on

What has the weaker JPY been telling us?

No BoJ rate hike this week?

Foreshadowed a shift out of a risk off mood?

Chart shows 149.32 stands in the way of key levels… 150.18 and 151.30

While 150+ should be tough, only back below 148.00-25 would shift the risk the other way.

[Belgrade Bobby]

GBPUSD 4h

Cable has reached the new high today and stalled in front of 1.30

Supports at: 1.29800 & 1.29550

Resistances at: 1.30 & 1.30450/500

Pattern – Bullish – next leg Up

[Belgrade Bobby]

XAUUSD 4h

Support at 2995.00

Resistance at 3005.00

Pattern calls for attack at the previous high.

[Belgrade Bobby]

EURUSD 4h

Supports: 1.09150 & 1.09000

Resistances: 1.09300/350 & 1.09500

As long as 1.09150 holds, direction is Up

If 1.09500 taken out, it opens a road to 1.11750

Daily Pattern – UP

[GVI Forex 2]

US500 4 HOUR CHART – Watch the weekly

Good  start to the week that needs to take out last week’s high at 5749 to end the 4 week pattern of lower highs/lower lows.

Otherwise, dependent of 5669 holding for a strong bid with a limited downside while 5600 holds as support.

[Rafe]

now where is swiss franc in all of the geo-political happenings. Usually it would fly at the slightest geopolitical tension now everyone is holding franc not dollars, everyone nowadays wants to buy gold.

[GVI Forex 2]

NAS100 4 HOUR CHART – Green shoots

I hate to get carried away with a Monday rally but

There are some green shoots with the move above 19758.  Now, to confirm the break of downward momentum, a move through above 20116-240 is needed to confirm.

Also, watch 20120 as above it would break a 4 week pattern of lower lows/lower highs, which at a minimum would further confirm momentum has been broken for now. .

.In any case, keeps a bid if it can trade above 19539.

[Author]

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