[GVI Forex 2]

Midday Forex Heatmap

In order of strength vs the USD

1. GBP

2. JPY

3. NZD

4. EUR

5. CHF

6. AUD

7. CAD

[Mtl JP]

short while ago
–
“Wow! Highest polling Republican President in HISTORY! Thank you,” Trump on Truth Social

[Mtl JP]

at bottom of hour
US peddles off USD65 Bln 17-Week Bills

fwiw

[ST London]

Some exhaustion in stocks?

See how they close later.

[ST London]

Some exhaustion in stocks?

See how they close later.

[GVI Forex 2]

What’s hot and what’s not?

What’s hot?

All currencies but the USD

US stocks with US500 and NAS100 extending record highs but so far pausing below 6500 and 24000, respectively

GOLD is firmer

US bonds are firmer (yields lower)

Bitcoin is back above 120,000

What’s not?

The USD is weaker across-the-board, CAD the laggard

Crude oil continues its slide

[GVI Forex 2]

GBPUSD: High 1.3585 vs 1.3586-88 key level (see chart) as per the video posted earlier (sroll below)

[GVI Forex 2]

[Mtl JP]

out earlier overnite
–
Reuters
“China pledges more financial support for consumption”
China plans to boost domestic consumption by offering interest subsidies on loans to households and businesses, aiming to reduce borrowing costs and spur spending

at least one can’t say that they not trying … magic lol

[GVI Forex 2]

USING CROSSES TO TRADE SPOTfX (after EURGBP sell order apparently filled)

EURGBP 8610 => 8629

EURUSD 1.1694 => 1.1717

[Mtl JP]

choices …
–
“Trump said to be weighing 11 candidates for Fed chair” – cnbc

but there can be only one chair.
and so 10 dis-appointed loser hopefools

[GVI Forex 2]

Newsquawk US Stock Specifics

Try Newsquawk free for 7 days

[GVI Forex 2]

Newsquawk US Equity Open

Try Newsquawk free for 7 days

[GV News]

Large cap US companies
Market Open

[GV News]

Top losing US stocks in pre-market

US stocks in the list below dropped the most in price before the market opened. Traders watch pre-market losers to detect downtrends

[GV News]

Top gaining US stocks in pre-market

US stocks below are pre-market gainers: they increased the most in price before the start of regular trading hours.

[Belgrade Bobby]

ETHUSD – Ethereum

Resistances: 4785.00 & 4865.00

If Ether takes out these resistances will target 5010.00 first and ultimately 5355.00

Supports: 4635.00 & 4560.00

Intraday pressure – Strongly UP

[Belgrade Bobby]

EURUSD 1h

Supports: 1.16900, 1.16650 & 1.16500

Resistances: 1.17100, 1.17250 & 1.17300

As long as below 1.17100 pressure is Down

1.16900 might provide footing for quick come back to Uptrend

Overall direction – Up

[Mtl JP]

euro 1.1699, LoD 1.1693
is the EURGBP seller still active or is (s)he done ?

[Mtl JP]

maybe degenerate traders trying to spoil long euro enthusiasts’ day

schadenfreude towards 1.1650 ? LoL

[GVI Forex 2]

EURUSD (dip back to 1.17) still influenced by weaker EURGBP so watch this cross

[Mtl JP]

barkin repeats his foggy vision
“Balance Between Jobs, Inflation Risks Uncertain” – Bloomberg

[GVI Forex 2]

USDX  (US DOLLAR INDEX)

97.14 at risk while below 97.98 (use 98.00)

Above 98.00 would cool downside risk but only above 98.70 would negate it.

Use the intra-day low (97.64) as initial support.

USDX DAILY CHART

[Mtl JP]

re Trump – Putin Summit
personally not willing to be somehow betting on the event
I would not even know what instrument(s) to use
so leave that to some-one else

On the other hand … seeking here n now tradable theme by me to trade:
I like the idea of relative prospects between various CB’s “easing” policies
reflected in interest rate differentials

[Mtl JP]

barkin yakking atm
repeat of yesty’s yak. why ? not sure

Bloomberg running headline:
“Bessent Says Fed Rates Should Likely Be 150, 175 Basis Points Lower”

[Mtl JP]

Bonjorno !

DXY 97.71 at 7:56 AM EDT

meaning puppy is on back foot a bit.
Outside of various yikyaks about CPI which essentially boiled down to miran claiming inflation as “well behaved” and antoni saying ditching monthly frequency in favour of quarterly reporst as “more accurate”. Probably most revealing was bessent who opined that the FED should cut 50bps in sept in light of “increadible” inflation numbers.

More yakkers on todays calendar
non-voting hawk barkin, non-voter wishi-washi bostic and voter dove goolsbee.

Outlook for DLRx
I am biased against up-side
Res circa 98.75
Sup 97.70
loss of which should see decent speedy down flow to mid 96, maybe lower

[GVI Forex 2]

Why did EURUSD back off from 1.1730 (but remains above 1.17) while GBPUSD kept its bid?

Look at the chart below for your clue

EURGBP 15 MINUTE CHART

[GVI Forex 2]

Trump-Putin Summit

Try Newsquawk free for 7 days

[Mtl JP]

GVI / STrader 10:42

USDJPY 147.34 after a small overnite rally to 148.xx

Sofar a good start.

but the swap … is nasty

[GVI Forex 2]

EURUSD

How clear if this (Amazing Trader) chart!

1.1698-1.1730, upside more exposed while above 1.1698

Below 1.1698 => 1.1665-76

EURUSD 1 HOUR CHART

[Author]

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