[Mtl JP]

Fri, January 24, 2025 at 12:55 a.m. EST 5 min read

(Bloomberg) — The Bank of Japan raised its key policy rate Friday to the highest level in 17 years and took a more bullish view on the strength of inflation, fueling expectations for more rate hikes and supporting the yen.

[GVI Forex 2]

In our blog

How to Choose a Forex Broker

(one you can trust)

[GVI Forex 2]

Good analogy in this article posted in our blog

In the Hot potato game, that players gather in a circle and toss a small object such as a ball, an apple, beanbag or even a real potato to each other as music plays. The player who is let holding the object when the music stops is eliminated from the game.

How is Forex Trading Like the Hot Potato Game

[GVI Forex 2]

NAS100 DAILY CHART – A MATTER OF TIME?

With US500 making a new record high, it seems just a matter of time before NAS100 follows, especially if it can establish 21831 as support.

[GVI Forex 2]

USDJPY 4 HOUR CHART – WAITING FOR THE BOJ

Let’s keep it simple

A 25bps rate hike is widely expected.. only surprise would be no hike.

Look for a choppy reaction where only a solid move outside 155-157 would suggest more to it.

[Belgrade Bobby]

Opendoor Technologies Inc. – OPEN

Opendoor Technologies Is Maintained at Neutral by Citigroup
Opendoor Technologies Price Target Cut to $1.80/Share From $2.00 by Citigroup

Opendoor Likely to See Q4 Beat; Still Facing Challenging Market, BofA Says
BofA lowered Opendoor to $1.30

[GVI Forex 2]

US500 DAILY CHART – Gunning for the record high

So far unable to match the cash S&P record high above 6100… seems only a matter of time…In any case, keeps a bid while above 6050.

Should 6100 be broken and  become support, next target would be 6200

ADDENDUM: New record high just set above 6100,…

[Belgrade Bobby]

XRPUSD

3.1850 – important level to watch tonight – if closes above it, next leg Up.

If not, 2.6500 Support might be tested

[GVI Forex 2]

XAUUSD 4 HOUR CHARt – Record high till looms

Maintains a bid as long as it stays above 2725 big needs to make 275@ the bottom to make a run at the record 2781 high… 2762 currently stands in the way.

[Belgrade Bobby]

NIO Inc.

Nio is clearly bearish , targeting 3.60

Market Chatter: Chinese EV Deliveries Tumble in First 12 Days of 2025
Deliveries of pure electric and plug-in hybrid cars plunged 50% in the first 12 days of January to 206,000 units compared with the first 12 days of December, the South China Morning Post reported Sunday, citing the China Passenger Car Association.

[Belgrade Bobby]

Crude Oil Futures – CL1!

Crude Falls as Trump Prods Saudi Arabia and OPEC to Lower Oil Prices
March WTI crude oil (CLH25) Thursday closed down -0.82 (-1.09%), and March RBOB gasoline (RBH25) closed up +0.0084 (+0.40%).

Crude and gasoline prices settled mixed on Thursday, with crude falling to a 1-1/2 week low. Crude gave up early gains Thursday and turned lower after President Trump said he would push Saudi Arabia and OPEC to reduce the price of crude.

An increase in crude oil held worldwide on tankers is bearish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days rose by +2.5% w/w to 54.23 million bbl in the week ended January 17.

[GVI Forex 2]

USDCAD 4 HOUR CHART – Trade the range

Trade remains within the 1.4261-1.4516 range. this time failing to hold 1.44+… treat it as a range until/unless either side is broken.

While the threat of tariffs remains a cloud over the CAD, it has not been enough to build fresh momentum.

[Belgrade Bobby]

DAX Futures – FDAX1!

Dax going wild – The DAX Index Closes 0.74% Higher
In Frankfurt, the DAX Index went up by 157 points or 0.74 percent on Thursday.

Top gainers were Siemens Energy (6.27%), Fresenius Medical Care (4.91%) and Zalando (4.77%).

Biggest losses came from Puma (-22.43%), Qiagen NV (-2.88%) and BMW (-0.95%).

 

[Belgrade Bobby]

BTCUSD Daily ( Bitcoin for ill-informed )

Supports : 105K, 103K & 100.500

Resistances : 107.250, 109.550 & 111K

Pattern is Clear Bullish – Calls for a new high tomorrow.

[Belgrade Bobby]

EURUSD Daily

There is an old adage : Money talks – BS walks….or put your money where your mouth is.

The pattern for tonight says : Up – so another leg up ( hope Mr. President doesn’t talk in his sleep…)

Resistances : 1.04550, 1.04650 & 1.05350

Supports : 1.03950, 1.03700 & 1.03500

First target is at 1.06800

[GVI Forex 2]

Here is the dilemma

Drill baby drill = more supply = lower prices = less incentive to drill

[GVI Forex 2]

Here is the dilemma

Drill baby drill = more supply = lower prices = less incentive to drill

[Mtl JP]

talking of clash :

some judge blocked donald’s rescinging birthright

[Mtl JP]

pundits already prognosticating that fed will stiffen its back
i.e. a clash with powell

[Mtl JP]

“With oil prices going down, I’ll demand that interest rates drop immediately,” … “likewise they should be dropping all over the world.” donald

[Mtl JP]

I got the distinct impression that klauss was little too eager to end WEF’s welcome and cut his microphone.
–
and so now there are the headlines from the “interpreters” of what donald said
such as

RTRS
Trump tells Davos he will demand lower interest rates, oil prices

Bbrg
Trump gives bankers unexpected dressing down

https://www.weforum.org/stories/2025/01/how-leaders-at-davos-view-trump-comeback/

[GVI Forex 2]

Just saw this

Trump aims to bring Oil prices back down closer to $40 per barrel.

🛢️ Trump is driving a supply-demand imbalance to lower prices, starting with reversing oil field restrictions.

📊 Economist Tom Kloza suggests Oil could drop to $40 per barrel if OPEC reverses previous production cuts. Most economists believe oil prices will fall to between $54 and $62.

[GVI Forex 2]

Just saw this

Trump aims to bring Oil prices back down closer to $40 per barrel.

🛢️ Trump is driving a supply-demand imbalance to lower prices, starting with reversing oil field restrictions.

📊 Economist Tom Kloza suggests Oil could drop to $40 per barrel if OPEC reverses previous production cuts. Most economists believe oil prices will fall to between $54 and $62.

[GVI Forex 2]

News services will focus on what Trump said but for me it is what he didn’t say

[GVI Forex 2]

News services will focus on what Trump said but for me it is what he didn’t say

[GVI Forex 2]

Well that was fun… video game trading…EURUSD set its day’s range during his livestream…US yields are back to where they were (10-year 4.65%)… one takeaway, no direct mention of tariffs

[GVI Forex 2]

Trump livestream ends.

[GVI Forex 2]

Trashed EU taxes and regulations/approvals but no mention of tariffs yet.

[GVI Forex 2]

News algosa on overload with Trump

Tax cuts, lower oil, lower interest rates, made in America, increase NATO spending to 5%, US will be the world capital for AI and Crypto

Q&A about to begin

[Mtl JP]

DLR – currently – likes donald’s yak

[Author]

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