[Adam Global]

Any suggestions 🤔 

[Adam Global]

Profits 📉 on Gold

[GVI Forex 2]

EURUSD

1.1720 +. 1.1754 => 1.1731

You can the Power of the “50” level, with stops run above 1.1750 and then immediately back down (blinked and you missed it)

Classic example of my trading mantra: The forex market lives to run stops.

EURUSD 30 MINUTE CHART

[GVI Forex 2]

EURUSD breaking its 1.1745 high…next is the pivotal 1.1750 level to watch… as “potential” setup never confirmed (why I used the word potential)

On the other side, XAUUSD extending its breakdown

[Mtl JP]

DLRx 97.05 // 8:51 AM EDT

[GVI Forex 2]

Mixed PCE report,,, bond yields slip slightly, USD dips but no surprises in the report

Try Newsquawk free for 7 days

[Mtl JP]

DLRx on wobbly weak foot on this last day of week and month end
subject to a slew of energy vectors such as trump screaming at jerome (is the gang under his “leadership” tilting towards easing?) , players continually re-evaluating economic and fiscal hoki-poki

DLRx 97.25 (8:21 AM EDT) being dissed by players in aggregate and likely sentiment tilted to the downside.
Sup at 97, needs to hold else gate to basement of dollarhell opens

[Belgrade Bobby]

BTCUSD – Bitcoin

Intraday pressure Down

Supports: 106.850, 106.480 & 105.725

Resistances: 107.230, 107.600 & 108.000

Unless it manages to go above 108K, BTC will target 103.850

Correction that started late May of this year still has a target at 95.000

109.700 is a Major resistance.

[Belgrade Bobby]

EURUSD 4h

EURUSD topping out – a correction should be on its way

Resistances: 1.17250, 1.17400 & 1.17850

Supports: 1.17000, 1.16900 & 1.16750

Once below 1.16900 , 1.16300 is up for a grab.

[Belgrade Bobby]

USDJPY

Yen tested previous support turned resistance at 144.950 and failed for now.

To be able to reach it, support at 144.350 has to hold now, or the intraday pressure will turn Down.

More supports at: 144.175 & 143.750

Last line of defence is at 143.245

[GVI Forex 2]

US PCE (Fed’s favored inflation indicator) due next.

See consensus forecast in our Economic Data Calendar

[Adam Global]

Gold is now aiming at 3255.00

Let’s hope my Tp hits 

[GVI Forex 2]

EURUSD

Trend: Strong up but in limbo

Drilling down:

Potential (unconfirmed)  for a change of direction pattern but one that would need the 1.1727 blue line to turn solid, 1.1680 broken but even then not be confirmed until/unless 1.1580 is broken

So drilling down to the one hour chart shows consolidation, 1.1667=72 as key support (followed by 1.1650)

On the upside, a break of 1.1745-50 would be needed to trigger any buy stops and put 1.18 on the radar.

EURUSD 4 HOUR CHART

[GVI Forex 2]

Newsquawk Daily US Opening News

[ST London]

Record high U.S. stocks, tame bond market does not indicate a flight from U.S. assets.

As I said yesterday forex market rarely moves in a straight line so be on alert in case of pullbacks.

Month end is Monday and tariff deadline day is the following week.

[GVI Forex 2]

XAUUSD (GOLD)

Breaking down after failing yesterday at the pivotal 3350 level… stops run below 3293-95

Potential for 3200-50 if the breakdown through 3293-95 holds.

To cool the risk, back above 3295 and 3300-10 would be needed.

XAUUSD DAILY CHART.

[GVI Forex 2]

Using my platform as a HEATMAP shows

… the dollar consolidating as focus is on markets tradimg in a risk on mood

Gold breaking down after failing to sustain a rally early yesterday

Stocks continue to shine, US500 joins NAS100 in record high territory.

Economic data: US PCE

[GVI Forex 2]

USDX (US DOLLAR INDEX)

Double bottom at 97.03 has potential to be the low or at least a pause but only confirmed if the 97.63 breakdown level can be regained.

Why is USDX important?

EURO is 57.6% of USDX and as such, the index is often used as a proxy for the EURUSD.

USDX 4 HOUR CHART

[ST London]

Where there’s smoke there’s fire

The White House on Thursday denied that President Trump is close to announcing a replacement for Fed Chair Jerome Powell – just a day after Trump said he had “three or four people” in mind for the job.

“No decisions are imminent, although the President has the right to change his mind. The President has many good options to nominate as the next Federal Reserve chairman,” a White House official told The Post on Thursday.

[GVI Forex 2]

Headlines from Israel

Try Newsquawk free for 7 days

[GVI Forex 2]

Trump is looking for wins with July 9 tariff deadline looming

Try Newsquawk free for 7 days

[GVI Forex 2]

XAUUSD (GOLD)

In the background for now, closing midway between 3310-3350 after failing at the top end.

Expect more chop unless either side of 3295-3350 is taken out.

XAUUSD 1 HOUR CHART.

[GVI Forex 2]

NAS100 (NASDAQ)

Another record high day…keeps a bid and aiming higher as long as it trades above the former 22220 record high

Below 22175 would slow the risk but only sub 22000 would negate it.

NAS100 4 HOUR CHART

[GVI Forex 2]

US500 (SP500)

Mission accomplished  (new record high) or higher?

New record high: 6151

Needs the former record high at 6142 to become support to signal a run at 6200.

Below 6142 would slow the risk

US500 4 HOUR CHART

[Belgrade Bobby]

GameStop Corporation – GME

Meme – Crypto – TikTok stock GME is consolidating last 10 days, but not in a Bullish way….

Failure today at 24.20 – previous support turned resistance

Once it loses 22.85 we should see another dive, this time towards 16.90

[Belgrade Bobby]

Nvidia – NVDA

Nvidia pushed higher today, but still short of target at 160.00 – high so far 156.70

Supports: 154.00, 149.35 & 145.90

Expect more Up, but be aware of possible sharp corrections.

[Belgrade Bobby]

Tesla – TSLA

If Tesla loses 320.00 ( tomorrow…) we’ll have a double top in place.

Resistances: 330.00, 335.00 & 357.55

Supports: 320.00, 311.60 & 300.00

However as long as within the channel 225.00 – 380.00 it will push up.

 

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

AMD by the book – reached today upper trendline at 146.00

Target stays at 150.00 but now we might see some pull backs .

Supports waiting to be tested at:

138.90, 135.50 & 133.55

Upper trendline tomorrow at 147.45

[Belgrade Bobby]

NIO Inc.

Let’s face it – each time Nio got into some promising position, next day it lost it…

3.35 separates it from dive to 3.00 – to start with.

Resistances : 3.45 & 3.50

[Belgrade Bobby]

GBPUSD Daily

Cable going for 1.39800

Supports: 1.37300, 1.37050 & 1.36500

Resistances: 1.37700 & 1.38400

Lots of work and resistances in front of it, but overall target on Big time frame is around 1.46500

[Author]

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