[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

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

The wait is still on…

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR

15 out of 16 candles painted green (up) as NAS leadings stocks into unchartered territory.

Questions here as well is how much is discounted and what happens if Iran’s response disappoints.

The new record high at 28721 is the only resistance so use 28700-29000 as a potential zone.

On the downside, it would take sub-28K to consider a pause.

[GVI Forex 2]

US500 (SP500) 4 HOUR

The only question for US500 and all global markets is how much is discounted as the bar for an Iran response seems to be low.

Meanwhile, 16 green (up) candles) in a row shows the strength of trend where the only resistance is today’s newly set record high at 7390.

Use 7390-00 as potential resistance with 7350 pivotal if trade is between 7300-7400.

[GVI Forex 2]

I’m getting some questions from traders asking how much is discounted, what happens if it is a kick the can agreement and what happens if it typically disaqppoints.

How markets trade vs. EURUSD 1.18 and XTIUSD $90 as well as newly set record stock indices highs post headlines might provide an answer.

Bottomline, it is the reaction to the news that will give the clue.

[GVI Forex 2]

No reaction… NFP due tomorrow

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US PRE-MARKET MOVERS: DDOG, ARM, FTNT, SNAP, DASH, WHR, ALB, NTR, HWM, MCD, ORCL

ES +0.1% NQ flat RTY -0.1%

Source: Try Newsquawk free for 7 days

[Adam Global]

ßitcoin 📉 rejected $82500 dropping below $81K

Maybe $80500 might support 📈 higher

[Adam Global]

GBPUSD is still battling 📈📉📈📉 1.3600

Unemployment claims is up next

Maybe it might change the scene

[Adam Global]

💶EURUSD 📈  is facing some resistance on 1.1800

1.17500 might support 📈

[Adam Global]

AUSUSD 📈 edging higher as USD 💵 is losing 📉 steam

0.7300 might be the target 🎯 but USD 💵 is flashing some strength 💪

[Adam Global]

Possibility of peace deal on 🇮🇷🆚️🇺🇲

I’m selling oil 🛢 & hoping the so called deal is reached

Otherwise I’ll be out

$85/🛢 is my Tp 🤑🎯💷

[GVI Forex 2]

Wait-and-see market seeing some divergence: EURUSD edging higher, oil lower while US500 comes off its new record high. Overall, consolidating below/above chart highs and lows

EURUSD                             US500                                           XTIUSD

[GVI Forex 2]

Newsquawk Daily US Opening News – 7th May 2026

(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]

XAUUSD (GOLD) 4 HOUR

Uptrend or retracement?

Chart argues for the former (or at least end of the downtrend) but still faces layers of resistance ahead of 4800, exposed while 4700+ trades.

So far, 4753 resistance has held, which along with 4772 block the path to 4800.

[Author]

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