[Mtl JP]

heading into NY session
–
DLRx 99.75 Last | 6:57 AM EDT

Res at 99.80
https://www.cnbc.com/quotes/.DXY

[Mtl JP]

10-yr 4.147%. 5-day low yield: 4.1410

I am contemplating that screaming self-proclaimed independent C-banker jerome will be cutting at next FOMC

[GVI Forex 2]

US OPEN

US equity futures boosted after strong MSFT/META results, US ISM Manufacturing due

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

Europe on holiday, US equity futures entirely in the green with sentiment boosted after strong META/MSFT results.

DXY is a little firmer ahead of US data, JPY hit post-BoJ/Ueda.

JGBs lead post BoJ/Ueda, USTs await Tier 1 data points.

Crude continues to decline, XAU hit by the USD while base peers welcome the US tone post-Mag7.

Try Newsquawk free for 7 days

[GVI Forex 2]

USDJPY 4 HOUR CHART – Reaction to news matters

Spiked higher through 143.89-144.19 following the BoJ decision to keep rates unchanged is a classic example of:

• It’s the reaction to news more than the news itself that matters
• The forex market lives to run stops.

Now needs 143.89-144.19 to become support to keep the bid, stronger if above the top end, to expose today’s 144.73 high.

Expect 144-145 to be a sticky zone though with 145 one of those key pivotal levels.

 

[GVI Forex 2]

XAUUSD 4 HOUR CHART – STOPS!

Break of stubborn 3260 support as mood tuns risk on. It also further illustrates that not on the forex but other markets, led by the algos, live to run stops.

As noted yesterday, the onus was on the bull side to protect 3250-60 to keep the current range or risk a extending the move towards 3200… now exposed (3190-3210) unless 3260+ is regained.

[GVI Forex 2]

Using my platform as a HEATMAP shows…

… the dollar trading firm although off overnight highs

JPY an underperformer alter the BoJ kept rates unchanged and cut its economic forecasts.

GOLD (XAUUSD) is lower, breaking below 3260

US stocks extending yesterday’s late day pop higher

Partial holiday in Europe

Data: US weekly jobless claims and ISM PMI ahead of the key jobs report on Friday

[Mtl JP]

10-yr 4.15 and eurdlr plumbing sub 1.13 … yr-end dlr demand ?

imo should be soon, very soon over and
see if n how badly players want to gorge on anti-dollar euro

[David Shepherd]

`hi bobby, it’s new month
Please what did you think on GBPUSD?
I was thinking price will probably take out level 1.32744 but touched and is about to reverse. I need more insight
Thanks

[SF Monedge]

Overall flows are negative UsdJpy.  After some chaos we are may be balancing around 140/142 in the nearer scope which increases the odds of a move toward 146 in time in my view.

[GVI Forex 2]

Click below for detailed previews

THU: BoJ Announcement and Outlook Report, South Korean Prelim Trade Balance (Apr), Japanese Consumer Confidence (Apr), Swiss Retail Sales (Mar), UK/US Final Manufacturing PMI (Apr), US ISM Manufacturing PMI (Apr),

[GVI Forex 2]

In Our Blog

Why Is the JPY Called the Devil in Forex Trading?

Origins of the Nickname: A Career Destroyer

[GVI Forex 2]

In Our Blog

Why the EURO Is considered the Anti-Dollar

[GVI Forex 2]

Trump vs the Fed

Try Newsquawk free for 7 days

[GVI Forex 2]

Stocks pop asfdter the close on earnings beat… US500 5600 now becomes pivotal, NAS100 still needs to regain 20000

[Belgrade Bobby]

USDCAD Daily

As said last night, Loonie took a dive today

Hit a support at 1.37700

And as I said previously, as long as above 1.37650 it is stuck in the bigger range of 1.37650 & 1.39000

Resistances for tomorrow:

1.38000, 1.38100 & 1.38400

[Belgrade Bobby]

XAUUSD – Gold

Gold is bought out every time it comes close to 3260.00

However, tonight’s close indicates pressure to the down side for tomorrow

Supports: 3260.00, 3245.00 & 3225.00

Resistances: 3310.00, 3325.00 & 3350.00

[Belgrade Bobby]

EURUSD Daily

Resistances: 1.13600, 1.13850 & 1.14250

Supports: 1.13250 & 1.13100

Bearish close that calls for more down side tomorrow.

Watch for upticks in early trading.

[Belgrade Bobby]

DAX – Ger30

Dax reached another new high today, just to lose it all and go for a supports test.

It went well, and we can expect tomorrow another push up.

Resistance is at 22.700

21.980 serves as a base for more advances Up

[Belgrade Bobby]

NIO Inc.

Nio tested support at 4.00 and it held nicely.

Now if we want to see further advances Up, it has to do it tomorrow – failure to do so will endanger that support and if broken opens a way for another test of 3.60

Still the main target stays at 4.70

[GVI Forex 2]

Stocks: big day for earnings after the close

[GVI Forex 2]

Stocks: big day for earnings after the close

[Anonymous]

watch?v=Uoahlpj8noI >>>> 10:05 >>> 10:26 >>> 10:41 >>> 11:00

fwiw… A global meltdown in imminent in a short period of time… and All across the board… and All across the entire spectrum… and All across the world…

I picked it up from about 1 -2 months ago and it has been in the works since then…

GL GT

[GVI News]

I’m Stocks clawing back … US500 still down but way off its low

CAD the outperformer … USDCAD below 1.38

[Mtl JP]

NY 1:58 “flood of imports”
–
maybe Xi knows something else:

wsj – China’s Export Orders Plunge, Hit by Tariffs – By Jason Douglas, April 30, 2025 4:07 am ET

Activity in China’s manufacturing sector tumbled more than expected in April, as steep U.S. levies start to inflict pain on the world’s largest exporter.
China-to-U.S. Container Shipments Shrink as Tariffs Bite

[GVI News]

Month end Ldn fixing done

Stocks down on the day but getting a bounce

[Belgrade Bobby]

BTCUSD – Bitcoin

Bitocin failing in front of the 96K

Has to keep above 95K today to be able to test that resistance and try to break higher.

Resistances: 95.000, 96.000 & 99.700

Supports: 92.800, 91.100 & 88.500

If it fails today, and close below 94K it would be bearish for the next day.

[Belgrade Bobby]

GBPUSD 1h

Cable is still on defensive and 1.33600 provides a resistance for now, and it is followed by 1.33750

Support comes at 1.33450 and 1.33150 further on.

Previous hour surge is Data based, and now we have to wait for the continuation.

[Belgrade Bobby]

EURUSD 4h

Still in the wider range of : 1.13100 – 1.14400

Intraday situation:

Resistances: 1.13800, 1.14000

Supports: 1.13500, 1.13300

Right now the pressure is on the downside, but in this lame little range it can change in an instant.

Use small time frames for trading, like 10 min and lower

[Mtl JP]

My point is …

99.49 ICE U.S. Dollar Index Last at 10:36 AM EDT

–

one BoE and two ECB yakkers up next

[GVI News]

GDP was a shocker but downturn likely exaggerated by a flood of imports ahead of tariffs.

[Author]

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