[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR

One characteristic of this uber uptrend is that retracements, no matter how brief or shallow, have been followed by new record highs (28951 today).

Until/unless this pattern changes, bulls will continue to buy dips.

With that said, the pause below 29000 suggests this round number is the current obstacle although the broader target is 30000 while above 28000.

On the downside, 28460 blocks expoosinbg 28000.

[GVI Forex 2]

US500 (SP500) 4 HOUR

Retracement proved brief but test of the record 7390 high only saw a 1 pt extension so essentially a triple top.

Logic says defense rather than offense given the headline risks, especially on a Friday but it would take at least a move through 7327 to suggest momentum shifting the other way.

Otherwise, trend is still your friend.

[GVI Forex 2]

Wait-and see markets (USD remains soft, stocks off the highs)

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[GVI Forex 2]

US PRE-MARKET MOVERS: CRWV, AKAM, MCHP, IREN, COIN, NKE

ES +0.6% NQ +0.9% RTY +0.7%

Source: Try Newsquawk free for 7 days

[Mtl JP]

To Japan’s top FX official Vice Minister for International Affairs Atsushi Mimura:

Thank you !

[Mtl JP]

Now that the “short-term distraction” is done
looks like $100 Brent could be pivotal

[GVI Forex 2]

NFP beats =< Stocks up, USD down (follows risk mood)

U.S NONFARM PAYROLLS (APR) ACTUAL: 115K VS 178K PREVIOUS; EST 65K

[Adam Global]

💶EURUSD💵 is also waiting for NFP 🗞

If NFP is 👎🏿 bad EUR will edge above 📈 1.1800

If not EUR will drop 📉 below 1.1.1700

[Adam Global]

Us500cash is edging 📈 higher

[Adam Global]

ßitcoin 📉 back below $80K

We will see 👀 how ßitcoin reacts after 🗞NFP 📰

[Adam Global]

GOLD is wiggling 📉📈📉📈 above 4700.00

Waiting for NFP 🗞📰 for a clear breakout weather below 📉 or above 📈

But many say Gold will go 📈 up

[Adam Global]

🛢 oil rejected 📉 $100/🛢 as tension in the middle east continues 🇺🇲🆚️🇮🇷

Now everyone is watching 👀 and waiting for NFP🗞📰

[GVI Forex 2]

US April jobs (NFP) report preview

[GVI Forex 2]

Newsquawk Daily US Opening News – 8th May 202

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Reaction to new is what matters day => Oil retreats, other markets correlate

EURUSD                                US500                                    XTIUSD

[GVI Forex 2]

XAUUSD (GOLD) 1 HOUR

Following the risk on/off mood with a bounce back above 4700 after a pause above 4660 support.

On the upside, 4765-72 would need to be taken out for momentum to build fir a run at 4800.

Otherwise, focus stays on 4700 to set its intra-day tone as 1 hour uptrend consolidates.

[GVI Forex 2]

Forex Market Snapshot

The monthly US jobs report, normally the key focus on a day like today, will be more of a short-term distraction as attention should quickly shift back to geopolitical headline watching (and the price of oil).

The dollar , meanwhile,, is trading weaker as risk mood shifts after not following through on yesterday’s late day rebound.

 

[GVI Forex 2]

COMING UP: Data: Japanese Services PMI Final (Apr), German Balance of Trade (Mar), German Industrial Production (Mar), Brazilian Inflation (Apr), Canadian Jobs Report (Apr), US Jobs Report (Apr), University of Michigan Survey Prelim. (May)Speakers: ECB President Lagarde, de Guindos, Cipollone, Schnabel; BoE’s Breeden, Bailey; Fed’s Cook, Waller, Bowman (Newsquawk)

[GVI Forex 2]

Newsquawk US Market Wrap: Markets swing from geopolitical optimism to pessimism

SNAPSHOT: Equities down, Treasuries down, Crude settled lower, Dollar up, Gold up

 

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US500 (SP500) 4 HOUR

Is the high in?

Double top at 7390 (record high)  has potential to be a top BUT

… while it is a long way until key support at 7177, any move that pauses above it would be treated as a retracement.

It would take a break of 7177 to say the high is in.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR

Time for a pause?

While betting against the NAS has been a losing bet, as long as the new record high (28853) stays intact market is in for a pause

On the downside, any move that trades above 27516 would be treated as a retracemt with downside contained as long as 28000+.

[GVI Forex 2]

XAUUSD vs. BTCUSD

XAUUSD and BTCUSD diverging before the former slipped back (after pausing below 4772) as risk mood turned defensive.

Watch XAUUSD 4700 and BTCUSD 80K (most important) as pivotal levels going forward,

XAUUSD                                                      BTCUSD

[Adam Global]

Don’t worry 😉 guys

Recently change in direction 📉📈 didn’t eat me out 🤑💷🎯

[Mtl JP]

“30min ago
US giving space for Iran talks until Prez T’s return from China next weekend — report”

Times of Israel

[Mtl JP]

WTI hit $97 and a bit HoD sofar
psychologists in political and “war” quarters are eyeballing 100 round number

[Belgrade Bobby]

Crude oil moving off of low levels and back toward the next target at the $95 area

Up and down volatility is now between $88.70 and $97.34

[Belgrade Bobby]

EURUSD Daily

EUR managed to find support just above EMA 50 , that if it closes tonight above 1.17500 would be around 1.17000 tomorrow.

That close would call for another run Up and 1.18000 would be tested.

1.18500 stays to be Major resistance line, and if/when above it space opens for tests of 1.20

[Mtl JP]

Next Trading Theme:
–
Who will speak next and
will players recognize (i.e by pricing) codswallop from truth

[GVI Forex 2]

Risk on crowd getting some cold feet as defense sets in (note US500 7390 double top)

EURUSD                                      US500                                 XTIUSD

[GVI Forex 2]

This headline is seeing a some retreat in risk in wait-and-see markets

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[Author]

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