[GVI Forex]

XAUUSD 4 HOUR CHART – Levels to watch

Blue Amazing Ytader ladder lines gave a clear shift in directional risk to the downside as it extendds its retreat from the record 2450 high.

Levels to watch

Would need to establish below 2331 to out 2303 (remember that level!) in play (low so far 2324)

On the upside, 2370 is resistance that needs to hold to maintain the current momentum

[GVI Forex]

EURUSD 1 HOUR CHART – 1.08 UNTOUCHED

EURUSD picture is clear

Failed to test 1.0864 yesterday

Failed (so far) to test 1.08 today as well as held just above yesterday’s 1.0804 low

Resistance is at 1.0831, which would need to be taken out to negate the current risk to 1.08 or below.

US equities have steadied overnight and will be a focus today.

Note, US markets will thin out today ahead of the 3-day holiday weekend.

[GVI Forex]

Anyone trading these days has seen how hyper-sensitive markets are to any news that might impact interest rate expectations. While markets have always reacted to the news, such as economic data, it is now reacting to 2nd and 3rd tier reports like they are 1st tier.

So why are markets reacting this way? Read this article to see

Why Interest Rates Matter

Why Interest Rates Matter

[GVI Forex]

USDJPY 1 HOUR CHART – INTERVENTION SCARE?

If you scroll through prior posts you will see one about the air pocket that saw USDJPY drop about 50 pips from the 157.19 high and then quickly recover.

Whether it was intervention or not I am sure the MOF/BOJ were paying attention as the next key chart level is around 158, the last obstacle to the 160.16 high.

Otherwise, USDJPY got somewhat of a reprieve from the risk-off session but will find support as long as it holds above 156.52.

[Mtl JP]

bobby 7:09 / IF amateurs burn themselves
how is it that they come back to play again ?

[Mtl JP]

and bostic says
–
(Reuters) – The Federal Reserve may need to wait longer to cut interest rates because even with April’s slightly cooler inflation reading there is continued upward pressure on prices,

“We’re not past the worry point in terms of inflation getting back to our target,” Bostic said during a virtual class session with Stanford University business school students Atlanta on Thursday.

of course there is continued upward pressure on prices : inflation is cumulative einstein

[GVI Forex]

AUDUSD 4-HOUR CHART –

MEN

LOOK AT WHERE AUDUSD FAILED ON THE UPSIDE (ABOVE THE .6650 LEVEL), WHICH NOW BECOMES A KEY RESISTANCE.

ON THE DOWNSIDE, YOU CAN SEE ON THIS CHART WHERE KEY LEVELS IN THE .65XX LIE.

AUD SEEMS HOSTAGE TO RISK OFF AT THE MOMENT, SO HOW STOCKS TRADE NEED TO BE WATCHED FOR A CORRELATION.

CURRENT RISK IS TILTED DOWN.  BUT TO KEEP IT SIMPLE, .6600 SEEMS PIVOTAL IN DETERMINING WHETHER AUD GOES FOR .6579 AND BELOW.

 

[GVI Forex]

BTC 4 hour chart – on the sidelines?

BTC FAILURE TO REACH ITS RECORD HIGH HAS IT BACK BELOW 70k.

THIS HAS IT TRADING IN SORT OF A NO MAN’S LAND, ALTHOUGH THE FOCUS STAYS ON 80K AS LONG AS IT STAYS ABOVE 65K7

[SF Monedge]

The US House has passed a bill calling for a new oversight arm to regulate crypto technology.  The Securities and Exchange Commission vehemently takes the position it will allow for regulatory precedents to be thrown out and will create unestablished frameworks and vastly increased risk for investors if the technology is not regulated as securities.

The bill treats it as commodities, hence setting up a duel between the SEC and CFTC over who profits from regulating it.  It is the view of Monedge that is really all it is about.  Regulatory job security and market share.  Our experience with both bodies is the frameworks are already full of holes, are now as much an agency business growth model as a consumer protection mechanism.

Our vote is for an upgrade to the regulatory structure and a cleaning house of its management.

[Belgrade Bobby]

DJIA Index

Ugly drop – support now comes at 38.550

I don’t want to call the top, and I don’t have technical reason to do so, but just plain logic telling me that this is starting to look bad for Djia…

[Belgrade Bobby]

VIX Volatility S&P 500 Index

Lots of commotion around this Index, calls for Reversal and other End of the World expectations…

So far couldn’t reach even the first Fibo, and not to mention $15 that would give it a chance for some stabilisation .

[Belgrade Bobby]

NVIDIA Corp. (NASDAQ)

Monedge and me hit the nail on it last night – for us it was no brainer 😀

Pre market price was obviously a bargain with some discount on top of it…

$990 , $945 – as long as they hold the pressure, we can see it higher.

[Belgrade Bobby]

AMC Entertainment Holdings Inc. (NYSE)

This one is a Meme stock – Flying high and fast, dropping even faster …and maybe even deeper.

An example how amateurs can start the fire and burn in it themselves….

[Belgrade Bobby]

MDT Medtronic Plc. (NYSE)

Stocks are mostly down on NYSE, but I am picking up two types : those that had a chance to break higher and failed and those that had no chance…so no surprise…still I enjoy it 😀

[GVI Forex]

Stocks down … see earlier posts

[SF Monedge]

For shorter term cycles the 10yr likely has viable stall cycles possible entering the 105.40-50 area.  Anything under that I would consider somewhat increases risk.

[SF Monedge]

Monedge is not considering any stalls in the 10yr yield to be a (significant) over-reach unless the 106 area is reached.  Stalls in the 105 area would be shorter term cycles.

[GVI Forex]

It looks like markets are shifting to ridk iff

See my US500 post

If Nasdaq titns negative (currently +0.20%) it might sound an alarm, especially after Nividia earnings.

[Belgrade Bobby]

EURUSD Weekly

Supports at 1.08000, 1.07600 & 1.06900

Resistance at 1.08800

If this pattern continues to evolve in the right direction – Down, we are coming back to talks about Parity…

This is weekly chart and not really proper for daily trading, but you have to go back to it every now and then to be able to understand the big picture and use it for daily trades.

[michael Calif]

JP 4:25 – per Option Profile, 10yr futures are a strong BUY at 108′ (which I guess means a Top in rates around 4.51 ?)

[Author]

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