[SF Monedge]

Euro and a few other pairs are moving contrary to US stocks and data, much of that is almost surely due to month end adjustments as pointed out by Jay of Global View in here yesterday.

[SF Monedge]

Intel reported the worst results on record.  Administration sunk a ton of money into it.  Not good.

[SF Monedge]

Aussie futures are looking a smidge stronger.

[SF Monedge]

Loonie futures look like they want to go up.  Time will tell.

[GVI Forex]

Gilt yields spiking higher… GBP reacting but negatively

[SF Monedge]

October gains in S/P 500 have been wiped out as of this morning.

[GVI Forex]

Stocks sliding… risk off… usd catching a bid

[GVI Forex]

Stocks sliding… risk off… usd catching a bid

[GVI Forex]

Mixed reaction to US data

Month end flows seem to be dominating

Note EURGBP .8388 resistance close to tested

Offests helping to push EURUSD to a new high, now above its 200 DMA

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.29750 , 1.29400 & 1.29150

Resistances : 1.30000 , 1.30400 & 1.30650

Scenario Bullish :

–          Cable needs to overcome 1.30500 in next 48h and to stay above it

–          Support at 1.29400 must not be broken

–          Upticks would change to Up moves ( higher highs, but also higher lows )

Scenario Bearish :

–          Resistance at 1.30400 holds and moves lower to 1.30200

–          Support at 1.29400 lost

–          New low reached – below 1.29050

Right now both scenarios are possible based on the Pattern .

If we close tonight above 1.29800 probability will rise in a favour of Bullish scenario.

[GVI Forex]

A look at the day ahead in U.S. and global markets from Mike Dolan

Cloudy outlooks from U.S. megacaps Microsoft and Meta combined with edgy government bond markets around the world to unsettle investors on Thursday, with the latest U.S. opinion polls showing next week’s presidential election is no foregone conclusion.

The week’s deluge of events and data releases continued apace overnight – shaded earnings beats from the latest two of the ‘Magnificent Seven’ firms, a Bank of Japan policy rate hold and a crumb of comfort for Chinese manufacturing.
Morning Bid: Megacaps spooked, world bonds on edge

[GVI Forex]

10 Year Bond Yield Snapshots

[GVI Forex]

EURUSD:

1.0870 = 200 DMA
1.0873 = key resistance (blocks exposing 1.09)

[GVI Forex]

XAUUSD 4 HOUR – READY FOR A PAUSE?

Calling a top in XAUUSD has been like standing in front of a freight train.

With that said, the 2789 high and a pivotal 2800 level above it argue for the risk of a pause but only confirmed if it can move back below 2770.

[Mtl JP]

DLRx 103.87
10-yr 4.294
–
Thursday morning: the personal consumption expenditures price index for September. This also happens to be the Federal Reserve’s preferred inflation indicator. Economists polled by Dow Jones expect that the PCE grew by 0.2% on a monthly basis and 2.1% from a year earlier.

This PCE reading, along with Friday’s October payrolls report, will inform the Fed’s interest rate decision on Nov. 7 when it ends its two-day policy meeting.

— brian evans, cnbc

[GVI Forex]

UK gilts yields sharply higher. Could be a reaction to yesterday’s UK budget but in any case, what is glaring is that higher yields are not helping the GBP  as yet but bears watching..

[GVI Forex]

US500 4 HOUR CHART – RISK OFF

i guess with hindsight one could say that a correction was overdue given the proximity of the Us election and uncertain outcome.

Using this CFD, .5763 is a key support, needs to hold to contain the downside. 5733/5700/5675 below it.

On the upside, back above 5800-05 would restore a bid.

Note tech dragging down stocks.

[ST London]

Our next starting point to sell USDJPY will be 155 through 157. Right now it is out of range.

[GVI Forex]

GBPUSD 4 HOUR CHART – MONTH END

What caught my eye is GBPUSD holding the 1.2939 support again, helped by .EURGBP backing off its high.

Note what I posted about EURGBP and month end,

Otherwise,  2 week range 1.2907-1.3057 (see arrow)

1.30 is clearly the pivotal level.

[ST London]

My guess is BOJ was in on top.

[Author]

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