[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

[GVI Forex 2]

Link fixed in the GBPUSD Update video

[GVI Forex 2]

Newsquawk Daily US Opening News

Try Newsquawk free for 7 days

[GVI Forex 2]

EURUSD

Entering what I call the 1.17-1.18 sticky zone where the 1.1830 high  looms above.

Keep this simple:

Keeps a bid while above 1.17… fallback support 1.1665-70

1.1770-90 (potential target) blocks 1.1800-30

EURUSD DAILY CHART

[GVI Forex 2]

[GVI Forex 2]

XAUUSD (GOLD)

Trying to build fresh momentum to the upside THAT

…requires break of 3364-80 to put 3400 in play again

If you treat the range at 3300-3400, then 3350 (currently support) will set the tone.

XAUUSD 1 HOUR CHART

[GVI Forex 2]

Using my platform as a Heatmap shows.

… the dollar is trading weaker, extending its slide following Tuesday’s release of US CPI

– EURUSD has regained 1.17+
– USDJPY is trading soft below 148
– GBPUSD is trading firm above 1.35

Gold is firmer, testing resistance at 3364

US stocks holding firm as SP500 and Nasdaq etrend trade in record high territory

US bond yields slip

Bitcoin’s focus is on 120,000

[Mtl JP]

this came out earlier
just for the record: “U.S. deficit grows to $291 billion in July despite tariff revenue surge” – cnbc

[Mtl JP]

IF jeff reports that

“Fed board contenders Miran, Bullard say tariffs are not causing inflation”
Jeff Cox, cnbc

that it must be so , eh ?

[Mtl JP]

USDJPY 147.76 as I type
–
players are likely continuing to cull their bull yen positions

some potential price-moving reactions to data:
– GDP on the 14th and
— industrial production on the 15th

[GVI Forex 2]

Savvy Trader’s USDJPY Update – Key Levels and EURJPY Timing Signal

USDJPY has been a trader’s paradise for a year but the next big move may be down.

Here’s why the Savvy Trader is selling rallies with an initial target of 143.20 and watching EURJPY for the timing cue.

 

[GVI Forex 2]

USDJPY

Failure around 148.50 and move back below 148.00-10 have cooled the upside but only below 147.35 would confirm the high is in and shift the risk to 146.62.

USDJPY 4  HOUR CHART

[GVI Forex 2]

NAS100 (NASDAQ)

Unchartered new record high territory/

If the former 23729 high becomes support then 24000 becomes the next target with 25000 beyond it.

In any case keeps a bid as long as it trades above 23500.

NAS100 4 HOUR CHART

 

[GVI Forex 2]

US500 (SP500)

Anyone remember the children’s book “The Little Engine That Could?”

The little engine said as it climbed up the hill,” I think I can, I think I can.”

When it reached the top of the hill and headed down it said, “I thought I could, I thought I could.”

Well, US500 thought it could break its record 6441 high and finally did it.

Now the challenge is to establish above it for a run at 6500.

In any case, keeps its bid while above 6400-10

US500 4 HOUR CHART

[Belgrade Bobby]

XRPUSD

Ripple strongly bounced Up from that support line at 3.1000 but stayed short of yesterdays high at 3.3330

Supports: 3.2365, 3.2125 & 3.1115

For clear picture it needs to take out 3.40, and as long as below it we might see more supports tests

[Belgrade Bobby]

Microsoft Corp. – MSFT

Microsoft held above 518.00 and seems it is starting Up again…

Resistances: 530.00, 537.30 & 555.45

Supports: 527.60, 526.35 & 519.20

[Belgrade Bobby]

NIO Inc. – Update

So far support at 4.45 held, but whole picture is Bearish right now

To change it Nio should go over 4.70 and that would be kind of dreaming….

4.30 is another level that might provide enough support to change current direction…that is Down…

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

AMD is fighting hard to stay in the game

Needs to go above 174.55 to renew the Up momentum

Resistances: 178.85 & 182.50

Supports: 173.30 & 170.50

 

[Belgrade Bobby]

AMC Entertainment Holdings Inc. – AMC

After yesterday’s rally AMC went into consolidation today.

To continue Up following supports have to hold:

2.95 & 2.85

Resistances: 3.15, 3.25 & 3.40

[Belgrade Bobby]

Palantir Technologies Inc. –  PLTR

188.00 taken out and we have a new high – 188.15

To explain a bit how it works technically : for big moves through , when some resistance/support is broken it is necessary to have stops placed…without stops , moves are much smaller

Most important now for Palantir is to have  a good close – and the best one would be just above 185.00.

So far it looks very good and capable of finishing this wave somewhere around 199.00

[GV News]

US Stocks – Movers and Shakers – Technical Overview

US companies below have the highest value on the market. These are well-known, established companies and sector leaders.

[GV News]

US Stocks – Biggest Losers

[GV News]

US Stocks – Top Gainers

[GVI Forex 2]

XAUUSD (GOLD)

Three scenarios:

1) If the range is 3300-3400 then 3350 is the midpoint and the bias setter.

2)If the bulls are biding their time then 3358 needs to be regained to put 3400 back on the radar.

3)If there is to be a further retracement that turns more serious, 3282 would need to be broken

Current range 3330-60

XAUUSD 4 HOUR CHART

[Mtl JP]

in another tone
piece below is just a reiteration and confirmation of closer to here and now profit opportunities

Europe builds for war as arms factories expand at triple speed – FT
FT radar analysis reveals historic scale of rearmament, stretching over 7mn sq metres of new development

piece even names names to hold for price gaines and thus potential profit

[Mtl JP]

about PROJECTION

Unsettling photos show the effects of climate change projected onto our everyday lives

“When kids look at our pictures, they become immediately conscious about the problem. These pictures speak about the future, and the most important thing is that the message passes on to them.”

OR … lets freak out the kids instead of letting kids be kids and let them play

only on cnn …

[Author]

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