[GVI Forex 2]

Newsquawk US Market Wrap

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[Belgrade Bobby]

XRPUSD

Supports: 2.1045, 2.0660 & 1.9350

Resistances: 2.2595, 2.3050 & 2.3725

First sign of the change of trend would be move above 2.3050, however failure to do so would push Ripple even lower.

[Belgrade Bobby]

NIO Inc. Stocks

And here we are – very close to that 5.80 support line ( actual low 5.83)- we don’t want Nio to lose that one if it should go Up again.

Resistances: 6.05, 6.30 & 6.50

[Belgrade Bobby]

BTCUSD

Bitcoin continued its dive, with reaching briefly bellow 90K today ( low 89.173 )

Resistances: 93.770, 96.570 & 98.350

As long as 93.770 holds target is at 74.395

[Belgrade Bobby]

EURUSD Daily

Supports: 1.15700, 1.15550 & 1.15450

Resistances: 1.16000, 1.16100 & 1.16250

EUR on defensive , but watch possible sudden break above 1.16250 – move that would tunr it very bullish.

[GVI Forex 2]

Bond yields (up) following a bounce in stocks… USDJPY correlating… testing 155.50 (“50″level)

[GVI Forex 2]

XAUUSD (GOLD) UPDATE

• Trying to build momentum off the failure just below 4000 but requires a break of 4081 (tested) -4111 to turn the risk up.
• Needs to hold above 4029 to keep some upward momentum

XAUUSD  1 HOUR CHART

[GVI Forex 2]

EURUSD UPDATE

• Classic case (with hindsight of course) of trading bid in an offered market
• Up momentum broken… needs to regain 1.1578 or risk is to 1.1563, 1.1541, 1.1529

EURUSD 4 HOUR CHART

[GVI Forex 2]

Tech downgrades hit stocks

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[GVI Forex 2]

US500 (SP500) UPDATE

• As noted, stocks remain on the defensive ahead of Nvidia earnings on Wednesday.
• Extending low to 6617 with key supports at 6532 and 6496** below it.
• On the upside, US500 would need to regain 6690+ to negate the current downside risk,

US500 1 HOUR CHART

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE

• Waiting for Nvidia earnings has kept stocks on the defensive.
• NAS100 24500ish so far containing the downside but  for how long?
• Would need to regain 24885 to negate the downside risk and shift focus back to 25000.
• Key supports: 24244 and 23973**

NAS100 1 HOUR CHART

[GVI Forex 2]

Alert\

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Newsquawk Daily US Opening News

[GVI Forex 2]

USDJPY UPDATE

• Nothing on a weekly until the 158.85 2025 high set in the first week of the year.
• If 155 becomes support, then 156.50 and 158.00 potential targets
• BoJ/MoF likely more concerned with pace than direction of USDJPY

USDJPY WEEKLY CHART

[GVI Forex 2]

Newsquawk Daily US Opening News

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[GVI Forex 2]

I have no clue why past jobless claims data was released in the middle of the night that saw a brief dip in the USD which did not last. Shows how data starved news algos are hyper sensitive to US reports.

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[GVI Forex 2]

XAUUSD (GOLD) UPDATE

• Test of 4000 (low 3998) was met with bids more than stops but upside limited unless 4045-55 is taken out
• If taken out, XAUUSD would still face layers of resistance from 4080-4110
• If not, then focus stays on 4000,

XAUUSD  1 HOUR CHART

[GVI Forex 2]

Forex Market Snapshot

Most currencies are close to unchanged in what can be described as a waiting for Nvidia market or a calm before the next storm. USD trades with a better tone while EURUSD is below 1.,16 and USDJPY is above 155.  CAD and NZD are modest outperformers.

Action has been elsewhere

• US stocks down but off lows,
• GOLD bouncing after a brief test just below 4000
• BITCOIN plunging below 90000 before bouncing back above it

[ST London]

Wait is on for Nvidia earnings

Bar is high for Nvidia to knock the lights out to justify high valuations and dispel fears of an AI bubble

[Mtl JP]

little to no respect for Katayama from market

Reuters put up
“Japan’s toolkit to combat unwelcome yen declines” – By Leika Kihara

[Mtl JP]

that would be Finance Minister Satsuki Katayama yapping

[Mtl JP]

USDYEN 155.29 as I type at 7:54
Reuters – “Japan finance minister says ‘alarmed’ over yen’s volatility” – 7:29 PM EST
yap yap yap

[Mtl JP]

USDJPY 155.20
–
technically on the 1h – 4h – D chart puppy is in rather goodly solid uP trend.
If I know a little bit about the japanese suits, they are probably looking at an opportune time to mete out as much pain as possible when they intervene so that the move becomes preferably panicky and therefore effective for their effort and as a bonus, memorable.

what odds you give the japanese suits would not mind a rip towards 157.50-ish ?

[Mtl JP]

USDYEN 155.20-ish
… “verbal intervention around that time suggests 155 is one that the authorities do not want to see trade.” …

so with all those lessons … and specifically to the right now and here, what is the gaming tactic ?
– TIA

[GVI Forex 2]

With USDJPY trading above 155 and traders on alert for verbal intervention, this article is worth a read

Understanding Forex Intervention: Lessons from Japan’s Approach to the Yen

[Mtl JP]

USDCAD 1.4055
Carney government’s budget passes, avoiding an election

[Mtl JP]

Hungry for betting on politics ?
–
USDCAD 1.4050 as I type
voting on carneys budget at 18:45

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE

• On the defensive but pause above Friday’s 24571 low keeps the focus on 25000, a level that traded 3 days in a row.
• If low holds. then consolidation range is 24541-25265
• Big picture: Momentum down but only a break of 23974.would be fatak.
• Key event: Nvidia/s earning report after Wednesday’s close

NAS100 DAILY CHART

[GVI Forex 2]

Newsquawk US Stock Market Wrap

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[GVI Forex 2]

US500 (SP500) UPDATE

• Pause above 6632 contains the downside but would need to regain 6780-00 to negate the risk
• Consolidation range 6632-6789 while it hokds.
• Big picture: Momentum down but only a break of 6496 would be fatal.

US500 DAILY CHART

[GVI Forex 2]

Newsquawk US Market Wrap

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