[GVI Forex 2]

US500 4 HOUR CHART – Not a surprise

If you followed my view that the US500 appeared to look bidin an offered market unless 5500+ was regained then you would not be surprised by the move down.

One day left for US stock market trading this week where 5200- needs to hold or face a risk of further selling.

Back aiove 5400 would be needed to ease the risk.

Kewep tching the headlines as markets seem to grasp at any glimmer of good tariff news.

 

[Belgrade Bobby]

USDJPY Daily

Yen made a new low today compared to yesterday, but just for a  teeny-tiny bits…

142.000 is a current barrier in front of the bigger one at 140.200

Resistances at: 143.250 & 143.500

This is a Bearish close of the day.

[Belgrade Bobby]

BTCUSD – Bitcoin 4h

Bitcoin is fighting hard to overcome 86.500 , but no luck so far.

For another attempt ( even overnight) has to close this bar above 84.100

Close below 83.850 would lead to another test of support at 82.935

[Belgrade Bobby]

USDCAD

USDCAD going for a very Bearish Close tonight.

It behaved today as expected.

Loonie should test tomorrow 1.37500

Only hurdle that I can see right now is at 1.38650 – so watch it.

Resistance at 1.39150 & 1.39450

 

[Belgrade Bobby]

XAUUSD – Gold 4h

Gold very bullish , going for 3420.00

Supports at: 3310.00, 3300.00 & 3275.00

Resistances : 3333.00, 3350.00 & 3420.00

If it closes tonight above 3320.00 ( with 3335.00 taken out first) tomorrow we should see another big leg Up.

[ST London]

And gold is on Musk’s Spacex rocket

[ST London]

Powell speaking and no lifesaver — stocks dive

[Belgrade Bobby]

EURUSD 4h

Resistance at 1.13950 separates EUR from reaching higher.

Needs to break it and close above it this bar to attack 1.14250

1.14750 hovering above and waiting to be tested again.

Supports waiting at: 1.13600, 1.13400 & 1.13250

Currently bullish – wave pushing Up

[GVI Forex 2]

Anyone remember the Karate Kid moving when Mr. Myagi says wipe on, wipe off. This was EURGBP following his dsaying the npast two days with chop implications for the respective pairs.

[GVI Forex 2]

This feels like two children going punch for punch

Try Newsquawk free for 7 days

[GVI Forex 2]

EURGBP 4 HOUR CHART – REVERSAL OF FORTUNE

Yesterday EURUSD was offer5ed while GBPUSD lagged… today it’s the opposite as EURGBP bounce is wqhat I call a reversal of fortune.

This Amazing Trader chart speaks for itself…

Held key 8518 support… faces 8594 on top, a break of which would be neede3d to confirm the low is in.

[ST London]

Watch out for Japan-U.S. trade talks today and whether it can produce a model for other countries.

This could be a watershed day but don’t believe what Trump says until you see it in writing or confirmation with details from Jason.

[Alex Lugano]

Nasdaq composite poised to be chipped at the open

Key points:

·         US equity index futures red: Nasdaq 100 down >1.5%

·         Mar retail sales MM, Ex-Autos MM > ests; Mortgage index < prior

·         Euro STOXX 600 index off ~0.5%

·         Dollar down; bitcoin slips; crude up ~1.5%; gold up ~2.5%

·         US 10-Year Treasury yield edges up to ~4.34%

NASDAQ COMPOSITE POISED TO BE CHIPPED AT THE OPEN

Ahead of Wednesday’s open, e-mini Nasdaq 100 futures  NQ1! are trading down more than 1.5%.

This, with chip darling Nvidia  NVDA slumping after the company flagged steep charges from new U.S. curbs on chip exports to China, fuelling worries about the fallout of an escalating trade war.

Technicals NASDAQ

 

[Belgrade Bobby]

Nvidia – NVDA

Nvidia Shares Fall 5% After U.S. Blocks China Chip Exports

it would need a special license to export its H20 graphic processing units and related hardware to China, a restriction set to remain in place indefinitely.

Nvidia seems destined to Open today with an ugly gap to the downside.

90.00 is in sights once again – Loss of it would drive the stock to 70’s area

[Belgrade Bobby]

DAX – ger30

Unless DAX conquers 21.300 today and starts towards 22K, 20.500 represents a good level for a support .

20.150 is a second chance for DAX to form a real bottom and to start flying again

[Adam Global]

Who’s the best trader in here

Gold breaking all highs & still going high

Buy gold

[Belgrade Bobby]

USDJPY Daily

Resistances: 143.300, 143.600 & 143.950

Supports: 142.050, 141.350 & 140.950

Last line of defence is at 139.500 – if below opens a road for 125

 

[GVI Forex 2]

FWIW It is hard to see big bets ahead of a 4-day Easter break for many given the headline risk… US is open on over this period but stock markets are closed on Friday.

[Belgrade Bobby]

Bob !  Just keep on 😀 Getting in touch directly.

[Robert Ireland]

Never was a Bodyguard mate 😀 But close….Night Hawk – retired now, having fun and getting homey here.

Keep in touch mate!

[Belgrade Bobby]

OMG mate….that was 35 years ago…almost….Simply Red ???

[Robert Ireland]

You can call me a “Ghost from the past” Bobby 😀 Union Cal…rings a bell…

[Belgrade Bobby]

Similar view Robert – btw, do I know you mate?

[Robert Ireland]

British Pound USD

Cable came close to the downtrend line stretching back from 2021.

1.33100 Major Resistance

Break of should lead it to 1.39

[Alex Lugano]

Gold Futures Hits Record High on Mounting U.S.-China Economic Tensions
Gold futures rise to a record high as geopolitical and macroeconomic tensions continue to mount. Futures are up 2.5% to $3,321.40 a troy ounce, having climbed as high as $3,334.20/oz earlier in the session. Gold’s latest rally comes as the U.S. looks to further isolate China from global trade, SP Angel analysts say in a note. Treasury Secretary Scott Bessent has pitched the idea of extracting concessions from U.S. trading partners to isolate China, and reports of removing Chinese stocks from U.S. exchanges hasn’t been ruled out. China is holding off negotiations with the U.S. despite U.S. President Trump suggesting a deal is possible. The U.S. dollar has resumed its downward trend and ETF demand is picking up, further strengthening gold’s appeal, SP Angel adds.

Gold Technicals:

[Alex Lugano]

Shares skid as Nvidia hurt by US chip-sale curbs, gold hits record

·         Nvidia slumps 6% after hours as U.S. chip curbs

·         European and Asian stocks fall with U.S. futures

·         Gold climbs 3%, dollar slides and safe-havens jump

·

·         Asian and European shares fell on Wednesday along with U.S. stock futures as AI darling Nvidia took a hit from U.S. restrictions on chip sales to China amid the intensifying global trade war, while gold climbed to a record and the dollar slid.

·         Treasury yields dipped slightly ahead of a speech from Federal Reserve Chair Jerome Powell later in the day. Traders are wondering if he will echo the dovish tone set by his colleague Fed Governor Christopher Waller.

·         Overnight, Washington issued new export licensing requirements for Nvidia’s  NVDA H20 and AMD’s  AMD MI308 artificial intelligence chips to China. Nvidia’s shares slumped 6% in after-hours trading, after it said the move would cost $5.5 billion.

·         “This disclosure is a clear sign that Nvidia now has massive restrictions and hurdles in selling to China,” said Daniel Ives, analyst at Wedbush Securities

·         European stocks fell in early trading, with the STOXX 600 index  SXXP down 0.9%. U.S. S&P 500 futures  ES1! fell 0.7% while Nasdaq futures  NQ1! dropped 1.3%.

·         The selloff in Asian stocks gathered pace in the afternoon. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1%, snapping a four-day winning streak.

·         Chinese blue chips  rose 0.3%, as investors also digested some solid GDP data that predated the tariff increases in April, but the Hong Kong Hang Seng index fell 1.9%.

Brought to You by Reuters

[GVI Forex 2]

A 245% tariff lheadline might have unnerved some earlier but seems like a non event

Try Newsquawk free for 7 days

[Dora]

Thank you very much Bobby. It was a real EUR trade…As for my Sensei – Sorry Schatzi, it is on the need to know basis 😀

[Belgrade Bobby]

Very nice one Dora !

That was a “gutsy” move.

BTW, you could tell us all who that “Best “One that taught You is 😀

And was this on Demo or…..

[GVI Forex 2]

What the earlier China headline did was restore a two-way risk to what was looking like a one way street… at least until the next headlkine

[Author]

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