[ST London]

Merry go round trading

Bitcoin down
Gold up
Usd down
Nasdaq down, djia up to new record (rotatipn on tech valuation concerns)

[Mtl JP]

“Hidden hand”
–
there is nothing Hidden hand – childrens’ tale.
katayama been screaming that sharp, “one-sided” FX moves are being watched with a “high sense of
urgency”. maybe intro course to japanese would help

[GVI Forex 2]

USDJPY UPDATE

• Hidden hand or not test of 155 (high 155.04 repelled.
• Now dependent on 154.50 holding to keep focus on 155 and away from 154.
• Lower US yields and some cooling of risk on may be factors

USDJPY 4 HOUR CHART

[GVI Forex 2]

US500 (SP500) UPDATE

• Post US government reopening rally paused below 6890 , leaving it dependent on 6800-10 holding as support to keep a bid.

US500 4 HOUR CHART

[GVI Forex 2]

XAUUSD (GOLD) UPDATE

• 6 green (up) candles in a row
• Break of 4150-60 leaves just the pivotal 4200 level ahead of putting the record 4380 high on the radar..
• Keeps a bid while above 4150-60.

XAUUSD  DAILY CHART

.

[GVI Forex 2]

Lower US bond yields (flatter yield curve) not helping stocks, weighing on USD, boostiog GOLD

[GVI Forex 2]

Good post from ST… EURUSD 1.1563 => 1.1584

Eurusd keeping a bid out of eurjoy and eurgbp

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE

• NAS still lagging other indices and came close but again stalled below 25783..
• Bulls will still hang tough as long as 25358 contains the downside. Below it would expose the opening week gap.

NAS100 4 HOUR CHART

[GVI Forex 2]

US500 (SP500) UPDATE

1. Extending reopening high but still faces a tough obstacle at 6890 ahead of the record 6934 high.
2. On this chart, keeps its bid while above 6810.
3. Intra-day support 6846-56.

US500 5 HOUR CHART

[GVI Forex 2]

GBPUSD UPDATE

• Path of least resistance continues to be selling GBP via its crosses, most notably EURGBP
• Market having more trouble absorbing USD buy side of the cross
• GBPUSD, meanwhile dependent on 1.3150ish holding to prevent another run at 1.30

GBPUSD 4 HOUR CHART

[ST London]

Bobby

Eurusd keeping a bid out of eurjoy and eurgbp

[GVI Forex 2]

AUDJPY UPDATE

• Another tug-of-war: AUD up, JPY down vs USD
• 102.35 is last line of defense before a big void on top
• Intra-day: Keeps srong bid while above 101.10, below it cools but does not negate upside risk
• Note CHFJPY bid as well suggests switch to JPY as favored funding currency

AUDJPY WEEKLY CHART

[Belgrade Bobby]

FX option expiries for 12 November 10am New York cut

There are a couple to take note of on the day, as highlighted in bold below.

The first being for EUR/USD at the 1.1550 level. That sits close by to the 100-hour moving average, seen at 1.1555 currently, so the expiries could help to keep a floor on price action as we navigate through European trading at least. That as the pair continues in a bit of a consolidation pattern under 1.1600 since the start of the week.

Then, there is one for GBP/USD at the 1.3100 level. The pound saw a bit of downside pressure after the softer UK labour market report yesterday but is balanced out by a meandering dollar as well. The key hourly moving averages at 1.3117-39 remain the more critical near-term points, so the expiries may not factor in too much besides providing a bit of a floor on any downside drive during the session ahead.

And lastly, there is one for AUD/USD at the 0.6500 mark. Similar to the other two pairs, the key near-term levels remain more of interest here. The 100 and 200-hour moving averages at 0.6510-15 should help to keep a floor on price action, which has also traded more sideways since the start of the week after having nudged back just above the figure level.

[Belgrade Bobby]

EURUSD Daily

Resistances: 1.16050, 1.16250 & 1.16700

Supports: 1.15650, 1.15500 & 1.15300

Move below 1.15400 would indicate continuation of the down trend, while break above 1.16250 would start paving the road for Uptrend.

[GVI Forex 2]

EURGBP UPDATE

• Near 3 year high
• Tug-of-war between EURUSD (lagging) and GBPUSD (weaker)
• Use today’s high as only resistance
• .8800 now pivotal in keeping a bid pointed higher

EURGBP MONTHLY CHART

[GVI Forex 2]

US30 (DJIA) UPDATE

• New record high (marginally) above 48000
• 48000 is one of those key big figure (round number) pivotal levels
• If solidly above it then talk will be for 50000
• If below, still keeps a bid as long as it trades above 47339

US30 4 HOUR CHART

[GVI Forex 2]

Newsquawk Pre-Market Movers

(Right click on image to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

FED RATE CUT WIDELY FORECAST

(Right click on image to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[ST London]

Hidden hand defending usdjpy 155?

[GVI Forex 2]

Trading tip: Testing strength of trend

• • The test of the strength of a trend is whether a retracement is followed by a new high (low) with the trend.
  • If not, then it gives a clue as well the other way (i.e. retracement or consolidation)
  • The same principle applies to intra-day trendS

Test of trend strength:

• • DJIA has passed with a new record high (ON CASH BUT NOT US30)
  • Jury is out on US500 and NAS100 as they rebound from the recent retracements

 

[GVI Forex 2]

If you want to see why stocks have surged higher anticipating the US government reopening, read this article

Markets Surge as U.S. Government Shutdown Nears End: Relief Rally Fueled by Liquidity Boost Expectations

 

[GVI Forex 2]

Newsquawk Daily US Opening News

(Right click on image to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Is this a factor behind a weaker JPY (in our blog)

Is the Bank of Japan Truly Independent? The Takaichi Era May Put That to the Test

 

[GVI Forex 2]

Read between the lines (no rate hikes?)

(Right click on image to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[Mtl JP]

President Trump: what … me worried ? You bet I am worried !
–
As of November 11, 2025, Trump stated that a Supreme Court ruling against his authority to impose tariffs could trigger an economic “unwind” exceeding $3 trillion, calling it a “devastating” and potentially “non-sustainable” national security event. – Axios

Are equities valuations next bet and theme to trade ?

[GVI Forex 2]

USDJPY UPDATE

• Market taking path of least resistance selling the JPY, both vs. the USD and on its crosses.
• Break of 154.50 puts the psychological and pivotal (and potentially tough)  155 level on the radar.
• With no key levels until the 158.88 high of the year set in the first week, potential targets are at 156.50 and 158.00 should 155 be firmly broken and become support.
• If not, then 154.50 is the level that needs to hold to keep a bid.
• As alwaysm be on guard for verbal intervention but any attempts so far have been ignored.

USDJPY WEEKLY CHART

[GVI Forex 2]

XAUUSD (GOLD) UPDATE

• Consolidating between 4097-4149, so far unable to get through 4150 (“50” level) to challenge the key 4160 target.
• On the downside, 4097 is the bottom of the current range, 4071 is the level that needs to hold to keep current risk pointed up.

XAUUSD 1 HOUR CHART

[GVI Forex 2]

Forex Market Snapshot

• The dollar us trading mixed to firmer as equities continue to set a risk on mood
• JPY has been the underperformer, both vs the dollar and on its crosses
• USDJPY move above 154.50 puts 155 on the radar, more of as psychological than technical target.

[GVI Forex 2]

Very timely article n our blog

Markets Surge as U.S. Government Shutdown Nears End: Relief Rally Fueled by Liquidity Boost Expectations

[GVI News]

Nov 11 (Reuters) – The Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations….

[Author]

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