[GVI Forex]

IAAY (It’s All About Yields)

4.358% US 10 year

USD up

[GVI Forex]

EURUSD low 1.0846

Posted pre-data (EURUSD range 1.0906 – 1/0846

1.09 should be tough on top, back below 10840-50 would be needed to shift the focus back to 1.08

[SF Monedge]

At first glance the dramatic Boeing Union demand of a 38% wage increase strikes one as quite extreme.  But consider the real inflation rate of ordinary goods and services over time and it might not seem so extremem.

The inflation rate of eggs in November 2020 was 208 compared to 361 in September 2024 with a 39.62% price increase from this time one year ago.

Candy coat inflation all you want to and remind yourself that inflation has been decreasing overall.  Those decreases are not based on prior levels, they are based on historic highs.  My bet is the Union wins but takes around 30%.

[SF Monedge]

Jp- maybe.  Nice call on Eu the other day btw

[GVI Forex]

US 10-year yield at 4.335% vs. around 4.23% on the NFP reaction.

[Mtl JP]

and not about prospects of “soft-landing” ?

[SF Monedge]

Today’s reaction is about interest rates and the Fed receiving enough of a scare to almost guarantee continued easing.  So that provides a cushion for stocks and weight on yields.

[GVI Forex]

XAUUSD 1 hour gold chart… trading between its 100 and 200 hour moving averages

[Belgrade Bobby]

GBPUSD Daily

Now leave the numbers and trend lines aside for a moment – this is experience and Pattern recognition talking :

–          The Demon made an extended new low

–          Came back Up with the vengeance

–          If it takes out 1.30000 it will fly

–          Not your typical Bear trap, but close enough

[GVI Forex]

US 10 year yield back to 4.31… so much for the headline NFP gift

[GVI Forex]

GER30 1 HOUR CHART – ON THE REBOIND

GER30 following a general risk on rebound today.

Next resistance zone is shown on this chart.

[Belgrade Bobby]

XAUUSD – Gold Daily

Resistances : 2760.00 , 2775.00 & 2790.00

Supports : 2730.00 , 2705.00 & 2685.00

Pattern suggests an Interim High is in place.

Correction is on cards that can last up to two weeks.

[GVI Forex]

UDJOY 1 HOUR CHART – DOUBLE BOTTOM

This is even clearer,

[GVI Forex]

USDJPOY 1 HOUR CHART – CHART SPEAKS FOR ITSELF

Many of you have seen me post charts with my Amazing Trader (AT) charting algo lines on it so here goes again.

The double bottom on this chart (151.78) is just another example of its uncanny ability to identify key chart points and that is just part of how to use the program.

All I know is I would not have drawn this line on this time Frame but AT did.

If you want to get access to AT, sign up for our Trading Club (free) and then email jay@global-view.com

[GVI Forex]

ISM PMI slight miss on downside but prices paid component jumps… dollar higher

[GVI Forex]

EURGBP ONE HOUR

Unwinding of EURGBP creating sort of a tug of war between EURUSD (off its high) and GBPUSD (higher)… EURGBP support zone .8353-73

[GVI Forex]

ISM PMI is the next key data event

See our Economic Data Calendar

[SF Monedge]

I don’t think too much should be read into this job report considering the hurricane effect and Boeing strike.  I would not make the mistake of completely discounting it either.  No matter how you slice it there has to be at least a bit of risk off element especially this Friday.

[GVI Forex]

Nice when logic prevails as NFP was clearly distorted although it does give the Fed cover to cut ratess next week,
‘
EURUSD failed at 1.09+, support at1.0862 needs to hold to keep the focu away from the downside.

[GVI Forex]

Markets reacting to big downside miss in NFP…yields dip, dollar dips seems distorted but reaction is what matters.. see if EURUSD can hold above 1.09, if not then upside cools

[Author]

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