[GVI Forex 2]

BTCUSD 4 HOUR: Pivotal round numbers

There is a psychological component to trading this crypto where pivotal round numbers can often have a greater impact than fine tuning technical chart points.

In this regard, failure above 82K has cooled the upside, leaving 80K as pivotal and one BTCUSD is having troublke holding aboive.

To suggest a break of the current consolidation, sub-78K would be needed.

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR: Consolidating for now

What stands out on this chart is the failure above 4509 and below the 4 hour trendline but so far the retreat puts it into a consolidation range.

Key levels are clear at 428/ 4510-4 hour trendline For momentum to build to the downside, 4365 would need to be taken out (LOD 4385). Otherwise, tighter range is 4365-4490.

[GVI Forex 2]

US500 1 HOUR: NFP Fallout

Fallout from the NFP beat so far contained with a limit on the downside as  long as trade is above 7700. On the upside, 7758 so far a solid resistance blocking the key 7771 level Otherwise, at the mercy of a Friday pre-holiday market.

 

[Adam Global]

USDJPY found some 📈buyers near the crucial 155.00 level early on Friday, a zone previously defended by FX intervention, following a sharp two-day drop from 160.00.

The focus now shifts to the US nonfarm payrolls report due at 12:30 GMT. While traders remain laser-focused on inflation after Fed Governor Waller pushed September rate-hike odds down to 50%, a solid jobs print could still prompt policymakers to hike rates

Meanwhile, Japan’s top currency diplomat, Atsushi Mimura, reiterated that Tokyo remains on high alert to intervene against excessive yen weakness

[Adam Global]

GOLD 💛 back to the Monday-mid Tuesday consolidating 📈📉📈 & everyone is thinking 🤔 about NFP 📕

[GVI Forex 2]

Forex Market Snapshot

The dollar is trading weaker led by USDJPY which has extended yesterday’s slide after breaking a 4- day pattern around 160.

Others are following with a lag,m suggesting frirmer JPY crosses where the market is having more trpuible absorbing the USD selling side *i.e. USDJPT selling) of the trade.

US yields have slipped a touch,crude oil consolidating,.

US Weekly Jobless Claims and ISM Services PMI due later.

[Adam Global]

Nvidia stock ticked slightly lower on Tuesday, and it closed at 217.40. lf it rebounds, it may reach last Thursday’s high at 230.50. Even higher, it might attempt to climb towards the all-time high at 236.55.

On the other hand, if investor sentiment deteriorates due to escalating geopolitical tensions, the stock may find key support near 200.00. Further down, it might seek solid support at 190.00 as also seen in June and July.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Hanging by a thread

Trend: Turning down?   Momentum: Consolidating with negative tilt

Support hanging by a thread with a pause just above 28944. For down momentum to take over, both 28944 and 28672 (on this CFD chart) would need to be broken.

[Adam Global]

EURJPY has been consolidating in the 185.00-186.00 narrow range since August 21, after posting a notable uptrend from 179.35 to 185.85. Interestingly, the pair has erased the majority of the drop that underwent during the intervention,

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: On the defensive but above supports

Trend: Up stalled        Momentum: Consolidating

Still consolidating but break of 29221 puts it more on the defensive and 29K on the radar.

Key supports at 29036, 28984 and 28694 need to hold to keep momentum from building and the downside contained. On the upside, moves likely contained unless 29500+ starts to trade.

[Mtl JP]

Market mood at the onset of Sept 1 in NY

President DT is meeting with U.S. oil refiners and fuel distributors today. The primary goal is to expand domestic refining capacity and lower gasoline prices.

[GVI Forex 2]

XAUUSD vs BTCUSD (4 HOUR)

XAUUSD (GOLD) on the defensive while below 4450 (former key support) and  needs to hold above 4415 for a higher low and 4396 to prevent putting 4310 on the map.

Back above 4450 is needed to shift its tone, above 4472 to put 4500 back in play.

BTCUSD (BITCOIN) consolidating between 77K and 80K with key levels outside of it (76923, 76604 and 75491/81455

[GVI Forex 2]

Market Update: Month end?

USD slipped in what appeared to be month end flows weighing on the currency. For EURUSD to negate Friday’;s breakdown, 1.1635+ would be needed (similar level in GBPUSD would be 1.3570)

US500 remains defensive below 7700 but downside contained while above 7640-50

Crude oil backing off and consolidating after building on the opening gap higher.

[GVI Forex 2]

US500 4 HOUR: More defensive

Trend: Up retracing

Momentum: Consolidating with a downward tilt

Feeling the effects of Friday’s whipsaw as well and trading more defensive while below 7700.

For down momentum to build off the whipsaw, 7740-50 (on this CFD chart) would need to be broken.

Otherwise, call it consolidation.

=

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Month end

Trend: Up stalled

Momentum: Consolidating with a downward tilt

Consolidating so far in a tight range at month end after Friday’s whipsaw where  a move below 29221 and then 29K would be needed for down momentum to build.

Otherwise, consolidation while within 29-30K.

[Adam Global]

USDCHF is consolidating inside the 0.8075-0.8095 narrow range today, after jumping on Friday due to Kevin Warsh’s hawkish remarks. Interestingly, the pair has been on an ascending route since August 20, when it found support at 0.7949.

[GVI Forex 2]

BTCUSD 4 HOUR: Call it consolidation?

Trend:UP

Momenmtum: Short-term down but consolidating

Bounce off 76907 not going far enough to negate a retracement risk with a pause below 79821.

On the downside, call it consolidation unless 75484-76599 is taken out, which would open a void on the downside.

 

[Mtl JP]

What does he know that the market doesn’t ?

Bank of England chief warns new AI models threaten global financial stability – cnbc

… “The growing threat posed by advanced artificial intelligence models could trigger a disorderly correction in global financial markets, according to Bank of England Governor Andrew Bailey.

In a two-page letter published Monday to G20 finance ministers and central bank governors, Bailey said the emergence of so-called “frontier AI models” is showing “increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities.” …/.

[GVI Forex 2]

Forex Market Snapshot

The dollar has backed off a touch to start the week with US bond yields doing the same.

This has the dollar still firm but consolidating with the JPY, followed by the EUR ands CHF outperforming while the AUD is the only currency trading (slightly) weaker.

Note this .is not a typical month end with UK markets closed for a holiday.

 

[GVI Forex 2]

Opening Week Update: Oil gaps higher, stocks slip, USD consolidating

[Adam Global]

US100 index (cash) is consolidating near 29,500 today, after edging 📈higher on both Wednesday and Thursday and climbing above the 20- and 50-period SMAs

[Adam Global]

JP225 is stabilising near 66,300 after retreating from multi-week highs around 69,614. Price action remains entangled between the 20- and 50-day SMAs, pointing to consolidation, while the medium-term📈 uptrend stays intact.

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR: Consolidating ahead of Warsh speech

Trend: UP      Momentum: Consolidating

So far unable to shake a focus from 4600 as it trades in a 4565-4617 range, one that is too tight to last too long. On the upside, a move back above 4643 would be needed to break down momentum.’ On the downside, look for 4650-65 to be the obstacle to 4500-20.

[Adam Global]

USDJPY consolidation continues, steadily reclaiming📈 lost ground from the recent US bond intervention. Although weak positive momentum holds a footing near 159.00, the 20-day EMA and the nearby resistance at 159.50 continue to cap upside pressure, suggesting 📉downside risk persists.

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR: Still on the defensive

Trend: UP      Momentum: Short-term down

On the defensive but so far trading above yesterday’s 4583 low, which needs to hold to turn this into consolidation rather than a further retracement. In this regard, no key levels to note within 4500-4600 other than 4583 and 4519 (23.6%). Resistance starts at 4643.

[Mtl JP]

a betting opportunity on the USD

some say it has to go higher before going lower

others see the dollar coming under pressure soon

Gaming

– fiscal consolidation plan from Bessent

– Warsh’s Jackson Hole yakkings

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia

Trend: Longer-term consolidating

Momentum: Short-term down slowed

Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670  (on this CFD chart) to shift the focus back to 30K.

Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia

Trend: Longer-term consolidating

Momentum: Short-term down slowed

Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670  (on this CFD chart) to shift the focus back to 30K.

Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.

 

[GVI Forex 2]

US500 4 HOUR: Watching 7700

Trend: Long term up

Momentum: Consolidating

Trying to build on a higher low that would need to take out 7700 and thgen 7727-47 to shift the focus the other way.

 

[GVI Forex 2]

GBPUSD 4 HOUR: Too tight to last

Trend: UP

Momentum: Consolidating

Consolidating within 1.3618-56, a range too tight to last but with a lower high making the downside more vulnerable, at least as long as the top end holds.

Fallback support is at 1.3589, which needs to hold to keep thoughts away from 1.3500-20.