[GVI Forex 2]

Newsquawk Daily Asia-Pac Opening News

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[Mtl JP]

Intéressant …
97.54 @ 5:21 PM EDT

even more interesting is the types that are losers and those that are gainers against the USD

[GVI Forex 2]

NAS100 (NASDAQ)

Similar to US500

Two blue Amazing Trader lines drawn off the high and followed by the break of 22632 indicates a top and potential change in direction or at a minimum a loss of upward momentum.

For downside momentum to build, 22390 would need to be taken out.

Otherwise it is consolidation with a limited upside unless 22843 is broken

NAS100 4 HOUR CHART

[GVI Forex 2]

US500 (SP500)

Two blue Amazing Trader lines drawn off the high and followed by the break of 6224 indicates a top and potential change in direction or at a minimum a loss of upward momentum. .

For downside momentum to build, 6177 would need to be taken out.

Otherwise it is consolidation with a limited upside unless 6270- is broken

US500 4 HOUR CHART 

 

 

[GVI Forex 2]

XAUUSD (GOLD)

A key takeaway from XAUUSD today is that it caught a safe haven bid when risk off mood increased.

On the upside, needs to take out 3345-65 to build momentum. Otherwise, it is more consolidation BUT

On the downside, 3295 has flipped again between support and resistance, now the former provides a floor while above it.

XAUUSD 4 HOUR CHART

[Belgrade Bobby]

Nvidia Corporation – NVDA

Supports: 157.35, 156.15 & 154.50

Resistances: 159.30 & 161.00

Unless Nvidia closes tonight above  158.80 , there is a high probability of a consolidation phase coming into the play.

Nvidia is Bullish and it is most probably going to stay that way for quite some time.

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

AMD in a correction

Supports: 133.50, 131.90 & 128.55

Resistance: 137.45, 139.50 & 14.45

151.00 stays as a target

[GVI Forex 2]

EURUSD

Break of 1.1707–17 exposes 1.1680

Significance of 1.1680 is there is a 100 pip void below it.

Back above 1.1707-17 at a minumum is need to ease the risk

EURUSD 4 HOUR CHART

[GVI Forex 2]

We were warned

July 7, 2025 at 2:30 pm#27179
ST London

I warned about markets being too complacent about risk of tariffs.

It may still get shrugged off but can’t be too complacent when an unpredictable Trump is involved.

July 6, 2025 at 12:05 pm#27145
ST London

If there is a tail risk it is that markets are too complacent over impact of whateve tariffs Trump decides on.

July 4, 2025 at 3:30 pm#27125

ST London

Are markets too complacent?

From Reuters

Trump’s propensity to issue a threat, or impose a new tariff, only to reverse course shortly afterwards has led to turmoil over the past three months.

Investors, however, have now become somewhat inured to this sort of policymaking on the fly. And, as a result, there is little evidence at this point that many are preparing for fireworks on July 9. Instead, most expect some kind of delay, pause or compromise.

What that will look like, however, is anyone’s guess.

[GVI Forex 2]

ST has been warning us since last week about being complacent… stocks got whacked, USD popped higher

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[GVI Forex 2]

What’s Hot and What’s Not?

What’s Hot

US dollar remains firmer on the day but off earlier high

Crude oil has bounced following a gap down opening

What’s not

All currencies with JPY an underperformer and GBP an outperformer (note crosses0

Gold is down on the day but found support and rebounded from 3295 support

US stocks are lower vs. Thursday’s closing levels

US bonds are weaker (yields higher)

[ST London]

I warned about markets being too complacent about risk of tariffs.

It may still get shrugged off but can’t be too complacent when an unpredictable Trump is involved.

[David Shepherd]

Consistency is the key to success
Greediness is the beginning of poverty.
We grow little by little

[David Shepherd]

Will gold continue the uptrend after it break above the candle bar?

[GVI Forex 2]

Current Fed pricing

51 bps of rate cuts currently priced in

[GVI Forex 2]

JPY turning into an underperformer (USDJPY 145.95 remains the obstacle)… EURUSD bounced after pausing above 1.1717

[GVI Forex 2]

US bond yields edging higher… 10 year yield would probably need to get back above 4.50% to raise talk of bond vigilantes coming out of their bunkers

[GVI Forex 2]

XAUUSD (GOLD)

It looks like 3295 has been flipping between suport and resistance… currently support with a low at 3296 today… back above 3315 is needed thoughht to ease the risk

XAUUSD 1 HOUR CHART

[Belgrade Bobby]

DAX

Resistances: 24.005, 24.120 & 24.325

Supports: 23.935, 23.815 & 23.730

Dax moving Up – has to take out resistance at 24.120 to confirm attack at previous ATH at 24.480

This pattern is very Bullish, so probability is to the Upside and possible break of that level

[GVI Forex 2]

EURUSD

Trying to build momentum to the downside.

1.1717 remains key support (below it is 1.1680)

Back above 1.1740 needed to postpone the risk, 1.1774+ to negate it.

Note weaker EURGBP has been a weight on the EURUSD

EURUSD 1 HOUR CHART

[GVI Forex 2]

US imports from Vietnam

Top Product Categories

Electronics & Electrical Machinery

Includes broadcasting equipment, computers, phones, semiconductors & components.
Valued at $41.7–$45 billion

Machinery (nuclear reactors, boilers, industrial machinery)

Around $28.8–$29.2 billion

Furniture & Bedding

Worth approximately $13–15 billion, including indoor wooden furniture universalcargo.com+1junglescout.com+1.
Footwear

About $8.8–9.1 billion, covering athletic and leather shoes .

Apparel & Textiles

Includes both knits ($8.5 billion) and woven garments ($6.8 billion)

Plastic & Rubber Products

Plastics: ~$3.7 billion; Rubber goods: ~$1.9 billion

Toys, Games & Sporting Goods

Approximately $2.97 billion

Wood & Wooden Products

Around $2.1 billion in Q1 2025 alone

Shrimp and pangasius worth about $1 billion+

Fruits & Nuts (coffee, coconut, mango, almonds)

Fruits & vegetables: ~$358 million; Seafood & nuts ~$1.06 billion

Iron & Steel; Plastics; Medical Instruments

Iron & steel ~ $2.5 billion;

Medical optics ~$1.6 billion

Handicrafts & Leather Goods

Leather articles (e.g., handbags) ~$1.5 billion; handicraft exports are growing, with the U.S. as top market (35 %)

[GVI Forex 2]

He also said overall tariff rate for Vietnam is 20%

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[GVI Forex 2]

GBP moving into the overperfoirmer currency (note GBP crosses0

[Belgrade Bobby]

BTCUSD 4h – Bitcoin

BTC is under pressure right now and just above important level – support at 108.525

In case it holds the attack, BTC would have a chance to return to offensive and test resistance at 110.820

Interim Resistances waiting at : 109.050 & 109.765

Supports: 108.525, 108.285 & 107.845

To be able to escape a correction BTC has to move above 109.050 within next few hours

[Mtl JP]

Publish or Perish ?
–
Economist Nouriel Roubini sees a ‘mini stagflationary shock’ coming in the second half of 2025

“mini stagflation” sounds like an oxymoron;
should be tuff to pick and position for profits opps

[GVI Forex 2]

Progress is in the eye of the beholder

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[GVI Forex 2]

Newsquawk Daily US Opening News

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[GVI Forex 2]

USDJPY

Trying to build upward momentum that would require a move above 145.95-00 to break a 144-1`46  range  where 145  is  the neutral  bias setting midpoint.

Intra-day, USDJPY needs to hold 145,20-25 as support to lee a bid pointed towards 145.95. Otherwise, it is back to 145

USDJPY 4 HOUR CHART

[GVI Forex 2]

XAUUSD (GOLD)

Having failed to follow through on the rally above 3350, XAUUSD is dependent on 3300 holding and then back above 3311 or risjkis for 3274, the last obstacle to the recent 3248 low.

XAUUSD 4 HOUR CHART

[Belgrade Bobby]

In my own opinion, Brics should decide are they a political organization or an economic block…this way it is silly

[Author]

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