[Belgrade Bobby]

Large Cap US Stocks

[Belgrade Bobby]

Snowflake Inc. Stocks – SNOW

Snowflake Up Over 18%, on Track for Highest Close Since April 2022

Delivered quarterly results that beat Wall Street expectations on both earnings and revenue.

If this move proved to be sustainable – to stay above 232.85, Snow would be gunning for 261.15 in coming days.

[Belgrade Bobby]

DAX Index

Dax failed to break above 24.210 and now test of 23.935 seems inevitable

Break of would send Dax to at least 23.785

Resistances: 24.145, 24.210 & 24.225

[Belgrade Bobby]

XRPUSD

Ripple trying to reverse and catch the Uptrend again.

It has to break above two important levels at this time : 3.0260 & 3.0775 to be able to do so.

Supports come at: 2.9530, 2.9090 & 2.8275

Intraday pressure – Down

[Mtl JP]

previous 1.16866 high playing Res games
ahead of 1.17

[Mtl JP]

euro 1.1662 and 3rd try at 50dma

old FX saw says the more times a pricepoint is tested , weaker over those times it gets

time to test and prove the trading theory

[Mtl JP]

may I chuckle ?

“Chinese Money Launderers Are Moving Billions Through U.S. Banks
The black market for U.S. cash may have driven as much as $312 billion in illicit money flows through financial institutions.” – wsj

[Mtl JP]

EURO 1.1665
–
double try at 1.1660 pierce
so far failed as trying to screw with 50dma
holding S

[GVI Forex 2]

NAS100 (NASDAQ)

Shaking off the reaction to Nvidia earnings.

Double top at 23618… needs firm break to put 23700-24000 back on the radar.

Keeps a bid while above 23491, bottom of range still 23000.

NAS100 1 HOUR CHART

[GVI Forex 2]

US Stocks: Pre-market movers

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[GVI Forex 2]

USDX (US Dollar Index)

JP, different symbols, different price feeds, different brokers but patterns non my chart should line upo with yours.

USDX paused 2 pips above 97.86 support… coincided with EURUSD high at 1.1687

If it holds, EURUSD high likely in.

USDX 1 HOUR CHART

[Mtl JP]

GVI 12:41 “French vote concerns”

players are currently sidelining the political themes (french & dutch) in europe
as the grizzled politicians are currently jumping through hoops to try to avoid
what for them is a personal nightmare.

makes for practical politics 101 lesson
besides offering entertainment and, to some, profit opps on FX

[Mtl JP]

DLRX 97.869 at 8:42 AM EDT

on the chart puppy is now painting a H&S picture , suggesting
after fridays’ POOP that it should struggle to top 98.75 region

Sup around 97.65/50

[GVI Forex 2]

US500 (SP500)

Bulls in control with a slow creep to another intra-day record high (6495) with pivotal 6500 level yet to be tested.

Intra-day, keeps its bid while above 6473..

US500 1 HOUR CHART

[GVI Forex 2]

JP, there is a squeeze on EUR shorts taken on French vote concerns.

Re data: Friday’s release of July PCE is more important.

[Mtl JP]

… “take your pick” …

“they” are wheeling out voting “rebel” waller to yak on “monetary policy”
later today – 18:00 – after NY traders pack it in and poof home.

FED has perception issues with market.

[GVI Forex 2]

Little reaction to US data

Source: Try Newsquawk free for 7 days

[Mtl JP]

EURO 1.1672

TO SOME a cruel recovery stretching from sub 1.16
– does it hurt grasshopper ?

I biased uP , price prancing N of 50dma gives me “that warm feeling”
Res 1.1725; Sup low 1.16

German CPI tomorrow
qtn is which half of betting traders is going to be the overdog ripping the belly of the underdog

[ST London]

What happens if data shows hotter PCE and lower jobless claums.

[Mtl JP]

ST 10:05 – “take your pick”

EURO 1.1674
Not on your list , I pick EURO galloping uP on spreads
why does market push spreads higher
curious ones might want to test market pulse for what matters to it
and also when it stops mattering and something else comes on pricing radar

[GVI Forex 2]

ECB Minutes Review… EURUSD extending high, trying to establish above 1.1665… ECB Minutes was not the catalyt

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[GVI Forex 2]

ECB Minutes (Full summary on Newsquawk)

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[GVI Forex 2]

US data up next:  Jobless claimns, 2nd estimate Q2 GDP and 2Q PCE,

See our Economic Data Calendar\

[GVI Forex 2]

USDCHF

Mission accomplished? Stops run below .7997 but so far with little follow through (low .7994).

.8000+ needed to slow the risk, BUT 8019-22+ would be needed to break the momentum.

USDCHF 15 MINUTE CHART

[GVI Forex 2]

FRA40 (CAC40)

Bounce from 7660 to a high at 78932 so far just filling the gap.

For intra-day, see if the one hour trendline can hold.

FRA40 4 HOUR CHART

[GVI Forex 2]

Got the stops above 1.1665… would now need to become support or focus stays on 1.1650

As posted

Risk on the upside comes from potential stops being closer to the up (above 1.1665) than the downside (below 1.1574)

[GVI Forex 2]

USDCAD

Bears in control after breaking the 1.3814 bottom of the consolidation range.

Dependent on 1.3720 holding as there is a void below it…. 1,3742 support stands ahead of it.

1.3788+ needed to slow the risk.

USDCAD 4 HOUR CHART

[GVI Forex 2]

Newsquawk Daily US Opening News

Source: Try Newsquawk free for 7 days

[ST London]

What will the market focus on? Take your pick.

French vote
Russia stepping up attacks on Ukraine
Trump’s campaign to undermine Fed independence
End of month tomorrow ahead of a 3-day US weekend
Long range impact of US tariffs so far ignored

[GVI Forex 2]

EURUSD

Is EURUSD bid or just bid in an offered market?

To be bid, it would have to break 1.1665 to shift focus back to 1.17

If not, the downside risk remains while below 1.1665

Risk on the upside comes from potential stops  being closer to the up (above 1.1665) than the downside (below 1.1574)

In any case, how it ultimately trades above/below 1.1650 will dictate the answer.

EURUSD 4 HOUR CHART

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