[GVI Forex 2]

Crude oil rebound has more than filled opening week( gaps with both XBRUSD and XTIUSD up but off highs in what will be another headline watching driven day.

XBRUSD                                                XTIUSD

[Mtl JP]

CNN
Updated 9:07 PM EDT, Sun May 3, 2026
–
… “As the war continues to disrupt global oil supplies, the average price of gas in the US is at $4.45 per gallon.” …

[GVI Forex 2]

Cautious  risk on start with opening week gaps in a wait-and see market

EURUSD                                      US500                                  XTIUSD

[GVI Forex 2]

Breaking News

Gamestop bids for Ebay

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Modest risk on start to the week

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Day Ahead

[GVI News]

This Week’s Market-Moving Events

The global economy enters May 2026 under pressure from rising inflation and geopolitical instability tied to the Iran conflict.

Central banks, including Australia’s and potentially Europe’s, are weighing further rate hikes even as growth slows.

In the U.S., attention turns to the April jobs report, with modest gains expected amid business uncertainty.

Across regions, higher energy costs are squeezing consumers and complicating policy decisions. The week ahead will offer critical signals on whether economies can withstand these mounting pressures.(Econoday)

[GVI Forex 2]

In our blog

The Smarter Way to Trade: Understanding Market Episodes

[GVI Forex 2]

Newsquawk (Week Ahead and Week in Review) – 3rd-8th May:

See detailed previews

Newsquawk Week Ahead – 3rd-8th May: Highlights include US NFP, ISM Services PMI, RBA, Canadian jobs and OPEC+

[GVI Forex 2]

BTCUSD 4 HOUR

Consolidating in a range around 78K with upside more at risk while above 75K but contained unless 80K+ trades.

78K will ultimately dictate  whether there will be a run at 80K or retreat back to 75K.

[Mtl JP]

wuuuuaaahhh nelly
this is NOT The Onion:

Chinese envoy warns Canada against sending MPs to Taiwan or warships through Taiwan Strait
– Globe and Mail

Wang Di says he’s optimistic about the direction of the relationship between Beijing and Ottawa, but laid down expectations for how Canada should deal with Taiwan

The new “strategic partnership” that Prime Minister Mark Carney struck with China this year would be damaged if Ottawa sends more military vessels through the Taiwan Strait or if Canadian parliamentarians keep meeting with officials in Taiwan, Beijing’s envoy says. … blablabla

[Mtl JP]

Oil Trade Idea. Cont’d.

It is sordid business betting on oil when it is based on killing people and eliminating a nation

BUT profits OR loss will be made with or without you/me …

price chart on the right is suggestive of player collective pricing orientation UP

not for faint of risk management or ability

 

 

[GVI Forex 2]

On a day like today its hard to fight the hope crowd, which reminds me of the old trading adage, Markets can remain irrational longer than one can stay solvent.

I posted this earlier and it took the Prez to dash hope as logic finally prevailed.

Low expectations so surprise would be something substantive that produces a breakthrough or a new round of talks while still an event risk that gives fuel to the hope crowd.

EURUSD                                    US500                                       XTIUSD

[GVI Forex 2]

No peace, no war and facing high hurdles as neither side wants to give up its leverage

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR

Showing some life with a higher low the brief break of 4647 (high 4660).

To start building momentum, 5701 would need to be taken out.

Otherwise, wide range 4500-4700, tighter 4560-4660.

[GVI Forex 2]

Danger of trading on hope. (is anyone really surprised?)

..

Source: Try Newsquawk free for 7 days

[Mtl JP]

Oil Trade Idea. Cont’d

some price swings as players cool off – and stalls for now – as Iran’s proposal, prez’s war-power and Israel’s attack drummings injects some uncertainty

but keeps traders on edge. patience and discipline will bring rewards

[Mtl JP]

oil trade idea, cont’d

some “passenegrs” took some profits off around WTI’s 102 pricepoint

to load additional or new long oil, waiting for priceaction to go N of the red line

in r/hand chart

n/b risk management is one’s responsability

[Mtl JP]

oil trade idea

currently works

prudnent trader protects against turning “in profit” from “regret”

 

[Mtl JP]

oil trade idea

potential long oil here

sl below “wisker” in l/hand chart

nb/ risk controll is your business

 

[GVI Forex 2]

Conspiuracy theory SAYS price action suggests someone has a leak OR are ys it just a matter of tghe news algos in control and running the trading asylum?

EURUSD                                          US500                                     XTIUSD

[GVI Forex 2]

US EQUITY OPEN: Apple leads tech higher after a deluge of earnings into weekend geopols

STOCK SPECIFICS

Source: Try Newsquawk free for 7 days
>

[GVI Forex 2]

ISM MFG misses but still aboive 40, proces paid jump. markets didnlt blink

Source: Try Newsquawk free for 7 days

[Mtl JP]

Israel said bracing for Iran fighting to resume soon, as Trump briefed on military options
– T of Isr

May 1 = europe is closed, Monday UK is closed

when the price action in the r/hand chart turns uP
be looking to buy instrumrnt in l/hand chart

nb / managing risk is persoanl responsability

[Adam Global]

Spotted a reversal head & shoulder formation on GOLD 📈

[GVI Forex 2]

US500 (SP500) 1 HOUR:

Extending high further into record high territory and testing 7250(+), which is now pivotal in the absence of any meaningful resistance.

Needs 7250+ to put 7350 on the radar.

Otherwise, range is to 7200-20 barring a surprise headline.

[GVI Forex 2]

Oil dips, stocks blip, USD dips

Source: Try Newsquawk free for 7 days

[Adam Global]

ßitcoin 📈 bouncing off $75k heading to $77500📈

Is $80K next or $79K yet again

[GVI Forex 2]

Correlations: As these 30 minute charts show, EURUSD correlated with a dip in crude oil while US stocks traded sideways

EURUSD                                          US500                                 WTIUSD

[Adam Global]

GBPUSD hit my Tp yesterday on my 61.8 fib level

Now a Lil bit consolidating around 1.3600

[Author]

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