[Belgrade Bobby]

Robinhood Markets Inc. Stocks – HOOD

I said yesterday: Only way is for HOOD to break previous high tomorrow, or else.

Any hesitation below 123.45 would send it sharply down.

Now let’s see if it can go above 123.45

[GVI Forex 2]

US 10 year Treasury CFD: Lower price = higher yield

(Cash yield last 4.129%)

[ST London]

ABT (All About Bonds) day

[GVI Forex 2]

10 year last Yield last at 4.12%  (see if this is the top)

USD following

Equities (down) also seem to be paying nnotice

[GVI Forex 2]

As Bobby posted:(last v1.1798)… US 10 year 4.104% (USD following yields high)

Close of this bar below 1.18200 would open a way for testing lower.

[GVI Forex 2]

US yields up after data… watch 4.10% as a pivotal level

[GVI Forex 2]

Philly Fed big beat, pr5ices paid falls sharply

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[GVI Forex 2]

Weekly jobless claims beat (lower), 

Source: Try Newsquawk free for 7 days

[Belgrade Bobby]

EURUSD 4h

After yesterdays excitement , EURUSD getting sober.

Resistances: 1.18500, 1.18600 & 1.18800

Supports: 1.18200, 1.17950 & 1.17800

Close of this bar below 1.18200 would open a way for testing lower.

[GVI Forex 2]

Next up: Weekly jobless claims and Philly Fed … pay ayyention to claims to see if last week’s jump wqas the result nof distortions

See our Economic Data Calendar

[ST London]

Gpbusd post boe dii suggests my post about usd bids lying in wait by caught usd shorts may be right.

Or as gvi says no stoos to run on that side.

[GVI Forex 2]

No surprise from the BOE (GB{USD 1.3650 +> 1.3660 +> 1.36330

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[Mtl JP]

10-yr 4.051% at 6:51 AM EDT

cnbc :

At 3:54 a.m. ET, the 10-year Treasury yield dipped over 3 basis points to 4.045 and the 2-year Treasury yield shed over 2 basis points to 3.524%. The 30-year Treasury bond yield was also 3 basis points lower at 4.643%.

[ST London]

Those still caught short usd and hanging on are probably hoping for more selling to bail them out.

[GVI Forex 2]

Newsquawk Daily US Opening News

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

EURUSD

If there was a mission for the sharks it was to run stops below 1.1789… if so, then mission accomplished

Bounce has broken downward momentum but to restore a bid, back above 1.1850 would be needed.

Note high so far at 1.1848 and 50% FIBO just above it at 1.1849

Deck is cleared of key buy stops until above 1.1918

EURUSD 1 HOUR CHART

FIBOS 1.1918 => 1.1780

 

[GVI Forex 2]

[GVI Forex 2]

NZDUSD

They say Kiwi is good for you… not today!

The biggest loser (down over 1%). Unlike other currencies, it has  not recovered its losses.

Reason:

Weaker=than=expected Q2 GDP at -0.9% q/q

Raised expectations of steeper RBNZ rate cuts

NZDUSD 4 HOUR CHART

[GVI Forex 2]

XAUUSD 1 HOUR CHART

Why levels matter.

As noted several times yesterday,

Key levels as indicated earlier remain at 3626-33

Low today: 3334

Back above 3365-72 would be needed to negate any lingering downside risk, bottom end being tested.

XAUUSD 1 HOUR CHART

 

[Mtl JP]

EURDLR 1.1830
50dma 1.16663

puppy s bid while abouve it

[GVI Forex 2]

Using my platform as s Heatmap shows…

…the dollar backing off earlier highs and now trading mixed on the day. EUR and GBP up modestly, CAD and CHF about unchanged, JPY and AUD down, NZD the big loser.

Bond yields down and SP500 and NAS100 setting new record highs,

In order of relative strength vs. the USD

1. EUR

2. GBP

3. CAD

4. CHF

5. AUD

6. JPY

7. NZD

Next up: BOE rate decision (no change expected, watch tthe vote split)

 

[ST London]

The morning after

Stocks like it

Dollar shorts squeezed further

But

NEW YORK – Investors look set to face a volatile few months ahead after the Federal Reserve resumed interest rate cuts and opened the door to further easing but tempered its message with warnings of sticky inflation, sowing doubt over the pace of future policy adjustments.

Some investors are now less certain that a rapid shift to lower borrowing costs will materialize, potentially dampening optimism that stocks and bonds would get a strong lift from easier policy. Adding to the uncertainty was a wide variety of views within the Fed on the future path of rates….Reuters

[ST London]

The morning after

Stocks like it

Dollar shorts squeezed further

But

NEW YORK – Investors look set to face a volatile few months ahead after the Federal Reserve resumed interest rate cuts and opened the door to further easing but tempered its message with warnings of sticky inflation, sowing doubt over the pace of future policy adjustments.

Some investors are now less certain that a rapid shift to lower borrowing costs will materialize, potentially dampening optimism that stocks and bonds would get a strong lift from easier policy. Adding to the uncertainty was a wide variety of views within the Fed on the future path of rates….Reuters

[Adam Global]

Sell more GOLD 

[GVI Forex 2]

This was a good lesson for those caught trading the old episode after the initiAL reaction to the Fed rate cut when a new episode had begun. See this article.

Trading Tip: Think Episodes, Not Just Trend

[GVI Forex 2]

Newsquawk Daily Asia-Pac Opening News

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[GVI Forex 2]

EURUSD

Deck is cleared of buy stops until 1.1918 by FOMC whipsaw.

Now dependent on 1.1789 holding to contain the downside or risk 1.1750-56.

1.18 will likely be pivotal in the days ahead.

EURUSD 1 HOUR CHART

[GVI Forex 2]

Newsquawk Stock Market Wrap

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[Belgrade Bobby]

Robinhood Markets Inc. Stocks – HOOD

This pattern on HOOD might seem very bullish to you, but be aware that it ends up sourly most of the time…

Only way is for HOOD to break previous high tomorrow, or else.

Any hesitation below 123.45 would send it sharply down.

[Belgrade Bobby]

Nvidia Corporation Stocks – NVDA

Nvidia has to test support at 164.50 and to clear the situation.

If it holds, we’ll be in for a new rally up and probably the new high.

If not, this is going to be the top for quite some time to come…

Resistances: 173.20, 175.20 & 180.30

[Author]

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