- This topic has 27,673 replies, 54 voices, and was last updated 12 hours, 10 minutes ago by .
-
Did the BoJ intervene? No comment,
(Right click on image or any chart to open a full screen in a new tab)
Trump on Iran
(Right click on image or any chart to open a full screen in a new tab)
EURUSD Daily
Big Picture:
War will be fought at 1.20150 – if taken out of the picture, road would be open for 1.23500, but more importantly EUR would clearly get out of the downward channel and then sky would be the limit…
Right now it looks extremly Bullish, so I expect a test of it.
Supports: 1.19050, 1.18900 & 1.18750
BTCUSD
Bitcoin stopped short today of 89K ( actual high at 88.892 ) , so pressure is still to the downside.
Two major resistances are above the head: 91.500 & 93.000
It is still early in the day, but lets pay attention to tonights close – If above 88.500 would signal a move Up tomorrow. If Below 87.500 – continuation of weaknes.
Trump to speak later (probably more like a campaign speech)
(Right click on image or any chart to open a full screen in a new tab)
Newsquawk Daily US Opening News
(Right click on image or any chart to open a full screen in a new tab)
XAUUSD (GOLD) UPDATE
A wild ride from 5110 (ATH) => 4989 => 5100 leaves XAUUSD consolidating with a bid as long as it trades above 5000.
At a minimum, the whipsaw piece action ends the one-way street move but it would tae a move below 4900 to shake forecasts of even higher levels.
Minor intrea-day support at 5050=55
XAUUSD 4 HOUR CHART
Forex Market Snapshot
The dollar just got hit with an intervention scare in USDJPY but there has been no confirmation. I recall many years ago how a trader I knew would spook the market that the Fed was intervening by buying USD.
The takeaway:
USDJPY plunged almost 1.4 JPY in a matter of minutes but then quickly rebounded by 1 JPY off the low (154.56 => 153.17 => 154.19)
Why this is important is the reaction to intervention will give a clue whether or not the BoJ/MoF is still in control via intervention (or threat of intervention). Without confirmation that the BoJ intervened it is hard to draw a conclusion.
Otherwise…
- USDJPY upside is limited unless it regains 155.
- EURUSD is consolidating after running into resistance around 1.19 (intra-day range 1.1850-1.1899). Price action suggests 1.1850 is pivotal (currently bid above it) while trade is within 1.1800-1.1900.
- GBPUSD is consolidating with 1.37 pivotal
- US stocks are trading firmer.
- Gold is up but consolidating below yesterday’s new $5110 ATH while silver is again in the lead, up sharply but consolidating below yesterday’s $117 ATH.
- US CB Consumer Conference highlights a light economic calendar
This Week’s Market-Moving Events
Global markets head into the week with attention squarely on the Federal Reserve’s January policy meeting. Policymakers are widely expected to keep interest rates unchanged at 3.50%–3.75%, reinforcing a patient approach as inflation remains elevated but stable and economic growth continues to run above long-term trend. Chair Jerome Powell’s press conference will be closely watched for signals on how officials view inflation tied to tariffs, labor market conditions, and the timing of any future rate cuts.Outside the U.S., Europe will release its first estimates of fourth-quarter GDP, with Germany, France, Italy, and the broader eurozone all expected to show weak but positive growth after a sluggish year. Business confidence indicators are unlikely to show meaningful improvement, reflecting lingering trade uncertainty and political tension. In Asia-Pacific, investors will focus on Australian inflation data ahead of the Reserve Bank of Australia’s next meeting, alongside policy signals from Singapore and a heavy slate of Japanese inflation, employment, and production figures.
Overall, the global picture remains one of cautious stability rather than acceleration. Central banks are largely in wait-and-see mode, balancing easing inflation against uneven growth and ongoing trade disruptions linked to U.S. tariff policy. Markets are likely to remain sensitive to central bank messaging as policymakers look for clearer evidence that inflation is moving sustainably toward target levels (Econoday)
Trump hits SK
(Right click on image to open a full screen in a new tab)
Newsquawk US Market Wrap
(Right click on image to open a full screen in a new tab)
Newsquawk FX Wrap
(Right click on image to open a full screen in a new tab)
GME Shares Surge Nearly 8% After Michael Burry Goes Long On Stock
Burry also noted CEO Ryan Cohen’s investment in the video game firm, saying he believes in Cohen.
The investor added that he likes the setup, the governance, and the strategy of the firm.
Cohen bought 500,000 shares each on Jan. 20 and Jan. 21, according to filings with the U.S. Securities and Exchange Commission.
Shares of GameStop Corp. (GME) popped nearly 8% on Monday after “The Big Short” investor Michael Burry said he is buying the stock.Next hurdle is at 28.10
- You must be logged in to reply to this topic.