[Belgrade Bobby]

Opendoor Technologies Inc. Stocks – OPEN

Open managed to penetrate resistance at 10.55 briefly ( with a help of a friend – FOMC)

Look at that level as a kind of pivotal.

It needs to go above it and close there to be able to continue upwards.

If so, it would open a way to reaching 25.00

[GVI Forex 2]

Newsquawk US FX Wrap

More on

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[Belgrade Bobby]

NIO Inc. Stocks

Nio closed on the top and should continue up tomorrow..

However it is possible to see just an extension.

There is a possibility to revisit 6.90

[GVI Forex 2]

US500 (SP500)

Fasten your seat belts day with whipsaw trading after the Fed rate decision.

For this to turn into a retracement, 6550-52 would need to be broken..

On the upside, it is limited unless/until 6636 is taken out.

So, watch 6600

US500 4 HOUR CHART

[GVI Forex 2]

NAS100 (NASDAQ)

What caught my eye was the bounce off 24000, which confirms this as the pivotal level. but can’t ignore the charts where there is a retracement risk while below 24313,

To contain thoughts of a retracement, 23950-24000 needs to hold

NAS100 4 HOUR CHART

[Adam Global]

FEDERAL RRATES sold gold below 3655.00

[GVI Forex 2]

For your blotter

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[GVI Forex 2]

XAUUSD 1 HOUR CHART

Damage not fatal but bulls shaken by the post-Fed whipsaw after a spike to a new record high (3707).

Key levels as indicated earlier remain at 3626-33

Back above 3360, at a minimum, is needed to restore a bid.

XAUUSD 1 HOUR CHART

[GVI Forex 2]

EURUSD appears to have found a bottopm at 1.1820

[GVI Forex 2]

10 year yield down then up

[GVI Forex 2]

Markets reacting to no rush comment

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[GVI Forex 2]

Stock reaction (up then down) was a precursaor to FX… EURUSD 1.1850 is once again pivotal

[Mtl JP]

ST 2:30 kudos IF on way #1

[Mtl JP]

some tell me
we r going to see 1.20 today ?

[GVI Forex 2]

FOMC Statement

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[GVI Forex 2]

FPMC: Doish, yields down, dollar down, stocks ‘up

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[GVI Forex 2]

10 year bon’d year yield ahead of the Fed (up from a low at 4.00’3% earlier)

[GVI Forex 2]

JP, depends on your risk tolerance and whether you want to wait until the dust settles to trade,

[Mtl JP]

GVI 3:15 re “watch”

by the time you ll have watched all that you have enumerated, let alone calculated what it means to player positioning, the trade horse will have left the barn AND dis-appeared wayout over the horizon.

You might have a chance at a fade-trade IF the price dynamic will have gone “over-reacting” some 5-10 + minutes later.

And then a second chance to try to gave the “policymaker” s blabla yak starting at 2pm

[Belgrade Bobby]

XRPUSD

Ripple failing so far to overcome 3.0595

It would result in revisiting of support at 2.9040

As long as above that one, we should be seeing renewed attempts for higher.

It is a last line of defence separating it from drop towards 2.2635

[Belgrade Bobby]

NIO Inc. Stocks

Nio is on its way to 7.71

For now it is locked between 5.50 and 7.71

Break above that resistance would open a door for reaching 9.55 and that is a turning point.

But let’s not rush that much in the future…first let’s deal with what we have in front of us

[Belgrade Bobby]

Alibaba Group Holdings Ltd. Stocks – BABA

Baba in front of the resistance at 167.40

Followed by two more at 169.95 & 182.10

As I said – Unstoppable

[GVI Forex 2]

What to look for in the FOMC decision

• 25 bps rate cut widely expected ( 50 bps would be a surprise)
• Watch for vote split for dissents on both sides (i.e. no change or 50bps)
• Watch for the statement and how dovish… compare with the prior meeting from each FOMC member .thst includes

1. GDP growth
2. Unemployment rate
3. Inflation (PCE)
4. Core inflation (core PCE)
5. The federal funds rate (shown as “dots” for each member otherwise known as the “dot plot” that raised rate cut fever.

• Fed Chair Powell’s press conferdnce to see if he folliws up on his dovish comments at Jackson Hole
• 

 

[Belgrade Bobby]

EURUSD Daily

Pre FOMC situation…

And here we are

EUR came close to that channel line above the head – it is now at 1.18950

So what next?

Well if it breaks next target is at 1.21050 & 1.22150 later on.

So this is where the real question is – above or not…

If Not – our range will be limited between about 1.15000 & 1.22150, with possibility to extend it to lower levels and go as far as 1.04250

But if Yes – EUR would return into previous channel with the target in 1.55000 area. ( For those a bit new in this – EURUSD All Time High – 1.60373

Now let’s see what FOMC brings us…

[GVI Forex 2]

What’s Hot and What’s Not?

Markets on hold waiting for the Fed decision with position adjustments dominating

What’s hot?

Not much today

What’s not?

US stocks are lower, mainly the NAS

GOLD is down but off its low’

BITCOIN is down

What’s hot/not?

Dollar is mixed, up vs. the EUR (but off its low) and down vs. the GBP and JPY

US 10 year about flat

[ST London]

Only 2 ways for market positioning into the Fed

Short usd or flat

Tells you about positioning.

[GVI Forex 2]

See what I meant about feeling offered in a bid market… EURUSD currently back above 1.1865 after the pause above 1.1829

[GVI Forex 2]

Newsquawk Stock Specifics

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[GVI Forex 2]

Newsquawk US Equity Open

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[GVI Forex 2]

BoC rate cut so far a non-event for USDCAD

[Author]

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