[GVI Forex 2]

NAS100 (NASDAQ): Battle for 25000 rages on

• New record high not following through
• Now dependent on 24978=25004 holding to keep a bid focused on 25000+
• Back below 24917=24936 would raise the risk of a retracement

NAS100 1 HOUR CHART

[GVI Forex 2]

EURUSD; History repeats but…

• Almost identical pattern with yesterday
• Double bottom at 1.1654 vs. 1.1652 on Monday
• Unlike Monday, the bounce has so far been shallow
• Back above 1.1676 would be needed to negate the downside risk

EURUSD 15 MINUTE CHART

[GVI Forex 2]

USDJPY tests 151.00 ,,, 10 year 4,144%… no correlation

[GVI Forex 2]

Newsquawk Stock Specifics

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[GVI Forex 2]

Newsquawk US Equity Open

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[GVI Forex 2]

As noted earlier, it is not clear whether FX is correlatiung with US bonds but yields have backed off and so has USDJPY after briefly running stops above 150.91

 

[GVI Forex 2]

US500 and NAS100 setting new intra-day record highs, marginally so far 

US500 4 HOUR CHART

6750 is now pivotal (on this CFD chart)

[ST London]

Looking at gold and stocks setting record highs says there is no shortage of liquidity.

[GVI Forex 2]

XAUUSD (GOLD): Futures tests 4000

• Following futures to a new record high, marginally so far aboive 3977
• To make a bull rush at 4000, 3977 needs to become support
• Key support raised to 3940

XAUUSD 1 HOUR CHART

[GVI Forex 2]

Newsquawk US Equity Opening News

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[GVI Forex 2]

NAS100 (NASDAQ): Battle for 25000 continues

1. Building fresh momentum for a run at the record 25057 high
2. Keeps its bid as long as it trades above 24917, uber bid if 25000 becomes support

NAS100 1 HOUR CHART

[GVI Forex 2]

USDJPY

MAJOR LEVEL 151.30  (if I was the BoJ this is a level I would look to defend covertly)

USDJPY WEEKLY CHART

[GVI Forex 2]

BTCUSD (BITCOIN)

• Consolidating below record 126232 high
• Needs 125000+ to make a run at the hgigh
• Keeps a bid while above 123000

BTCUSD 1 HOUR CHART

[Belgrade Bobby]

XAUUSD – Gold Daily

Newest All Time High already at 3977.39

Targets : 4130.00 & 4305.00

Supports: 3960.00, 3940.00 & 3920.00

Intraday – as long as above 3960.00 Gold will push beyond current high

[GVI Forex 2]

GBPUSD: Faces key supports

• ts has been straight down since failing below 1.35
• Dependent on 1.3400 and 1.3384 holding or risk would shifty to 1.3323-43
• Note pressure on GBPUSD is coming out of buy order in EUTRGBP

GBPUSD 4 HOUR CHART

[Belgrade Bobby]

EURUSD Daily

EUR held above 1.16500 support so far, but Pattern wise it is about time to be seriously tested.

There are two more supports below it : 1.16050 & 1.15700

Last one represents Channel trend line and this is where the decision awaits.

Resistances: 1.16800 & 1.17150

Intraday pressure – Down and strong

 

[GVI Forex 2]

Shunning US Treasuries?

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[GVI Forex 2]

It is not clear if there is an FX correlation but US bond yields continue to move higher this week

[GVI Forex 2]

AI bubble?

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[GVI Forex 2]

EURUSD; Watch 1.1683

• 1.1683 is not a level you would normally identify as a key one but it has been flipping between support and resistance since last week, currently the latter (also seen on a 15 minute chart as well).
• So keep an eye on 1.1683 qhile within today’s *insidee day so far) 1.1660-1.1715 range.

EURUSD 30 MINUTE CHART

[GVI Forex 2]

Newsquawk Daily US Opening News

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[GVI Forex 2]

EURISD: Bids or stops?

• Momentum building to the downside where 1.1652 and 1.1645 hold the keys to containing it.
• Much depends on whether there stops to run (or bids) as 1.1652 and 1.1645 are inviting targets.
• So far it ius just an inside day

EURUSD 1 HOUR CHART

 

[GVI Forex 2]

XAUUSD (GOLD): What it would take to force a pause?

3977 is putting up a fight ahead of a looming 4000 level

To suggest anything more than a pause though, a firmer break below 3947 (Tuesday low 3940), 3922 and the one hour trendline would be needed.

XAUUSD 1 HOUR CHART

[GVI Forex 2]

USDJPY Key resistance  range.

• Threatening bottom of key 150.91-151.28 key resistance  range.
• Above it is a huge void.
• Keeps a bid while above 150.45-50.
• Only below 149.75-95 negates.

USDJPY DAILY CHART

 

[GVI Forex 2]

Forex Market Snapshot

• The dollar is trading firmer as political factors dominate in the absence of key US data to focus on.
• Weakest is the NZDUSD ahead of Wednesday’s RBNZ rate decision.
• USDJPY extended its high towards (but still below) 150.91
• EURUSD so far pausing above 1.1652 (Monday low) and a key 1.1645 level

[Mtl JP]

if this is supposed to be some sort of melancholic prose …

Rtrs – “Macron wanders alone by the Seine as grip on his future slips away”
Hours after his fifth prime minister was forced to resign — unable to form a cabinet that lasted more than a day — French President Emmanuel Macron was spotted walking alone by the Seine in the chilly autumn morning.

well at least he is still walking along and not into the Seine

[Mtl JP]

earlier this eve fed board voter member schmid opined that
“rates are ‘appropriately calibrated’ | Reuters

[GVI Forex 2]

In our blog

The “Takaichi Trade”: Markets Bet on a Return to Abenomics Under Japan’s New Prime Minister

Global markets have already coined a new phrase called the “Takaichi Trade.” It refers to the market reaction following the election of Japan’s new Prime Minister, Sanae Takaichi, who is widely seen as a supporter of former leader Shinzō Abe’s economic strategy known as Abenomics.

“The “Takaichi Trade” Explained

 

[GVI Forex 2]

USDJPY Pay attention!

• On the upside, pay attention to 150.50 (high 150.47) as above it would put 150.91-151.28 on the radar
• On the downside, pay attention to 150 as the level that will ultimately dictate the USDJPY tone
• Also, pay attention to any headlines from the new PM

USDJPY 1 HOUR CHART

[GVI Forex 2]

Newsquawk Daily Asia-Pac Opening News

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