[GVI Forex 2]

Dollar is back on the defensive but only breaks of yesterday’s/overnight lows would trigger key stops and put a freah squeeze on dollar longs.

[Anonymous]

Gotta love Trump for his transparency and humility…

Which world leader has signed such kinds of high level orders while interacting openly with the press…

Trump Speaks To Reporters As He Signs Multiple Executive Orders For Nearly An Hour

(youtube) sKY1O7u-sQk

[Mtl JP]

EURUSD 1.040x
–
donald better be careful (or someone needs to supervise him) with his bravado – “will do this , will do that, 25% tariff on day 1” – and NOT delivering on it. Market is bigger than someone’s bluster and if the vigelantes decide they had nuff there ll be good sized price to pay coz showing weakness like donald is doing now with his tariff topsy-tipsy-curvy is playing with credibility.

loose credibility and … the game changes

[GVI Forex 2]

Dollar is on the defensive again but only breaks of yesterday’s/overnight lows would trigger key stopsa.

[GVI Forex 2]

EURUSD: 1.0382

Finding the top of my 1.0385-00 resistance too tough…BUT 1.0280 ACTING AS SUPPORT

[GVI Forex 2]

IS bond yields ticking higher… not much correlation so far

[GVI Forex 2]

US bond yields ticking higher… not much correlation so far

[SF Monedge]

In the broader picture, and a bit down the road, I am of the belief that USD will run out of steam for a significant duration and US stocks should sustain a rally.  I am sensing a potential lag in stocks before that run really takes hold but there is plenty of reason for them to simply hold period. Markets have to adjust to the new administration, which is tremendously active early on from day 1, which was frankly amazing.

[GVI Forex 2]

i don’t usually like to post trade alerts after the fact but here is one anyway using AT (Amazing Trader) alerts built into the program

AT TRADE ALERT

Buy EURUSD 1.03536
Stop 1.03377
t/P 1.03719 => target hit

1.25 risk/reward

You, too, can become an Amazing Trader

[GVI Forex 2]

ALERT: FOR YOUR BLOTTER

Pres Trump will address the Davos Economic Forum at 5:00-5:45 PM CET (16:00-16:45 GMT) on Thursday

[GVI Forex 2]

CDA CPI up next

See our Economic Data Calendar

[Anonymous]

China would need to break their peg against the dollar too… not any choice there…

[Anonymous]

Trump// It’s a good idea to redollarize, by driving dollar down to 0.15 cents or 0.25 cents and making yuan worth nothing effectively, they would need to manufacture so many yuan to buy 1 American dollar.

It’s only a matter of time then before implementing a reverse dollar peg against a basket of currencies and then Gold.

Then!! and I say then everyone will clamor to open manufacturing facilities inside the United States (as that will soon start to happen), to export “Made in America” products to their own countries against which the dollar and gold peg is in effect.

Tariff’s can always be adjusted later down the line…

Biden was right about concentration of wealth but then a Dollar and gold peg would make it an excessive concentration of wealth…

The concern here has always been D.O.G… Dollar, Oil and Gold…

[Anonymous]

We might hit 1.1036 on EUR/USD. From there go short for 88+

[Belgrade Bobby]

BTCUSD Daily

Bitcoin closed last night just below 103 K and left us wandering…

But today’s renewed test of the support at 100K and rejection ( again) is keeping Bullish sentiment ON.

It needs a close tonight above 103.600 for me to call it higher – or break below 100K to start another correction towards 90 K.

Anyways – as long as we have that rising angle, we are going Up – simple as that.

[Belgrade Bobby]

EURUSD Daily

Another day, another test of trendline – and again failure…

Yesterday a question was raised : what is a Firm break – it is when they manage to close above/below the trendline , and at best twice in a row.

Now twice it failed….

Look at that yellow MA – I know…it means nothing to you…but to me it is a world.

If EUR manages to close tonight just above it, tomorrow we’ll be seeing a sharp leg UP, and most probably a final break of the trendline in that case.

But if it closes just below it – another leg down.

Pay attention to “just above/below” – exactly that…anything else would be no mans land.

As I stated days ago – 1.03500 is the pivotal point, and as long as EURUSD plays around it , both ways are possible.  All Bets are OFF Only on the decisive break of 1.04350 and capability of the pair to stay above it.

[GVI Forex 2]

NEWWQUAWK US OPEN

US futures edge higher, DXY bid whilst CAD & MXN take a hit as President Trump signals tariffs.

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

European bourses are modestly firmer, US futures edge higher with the RTY outperforming ahead of the first full day of trade as Trump returns to office.

USD bounces back from Monday’s selling as tariff threats loom; the Loonie underperforms as Trump signals tariffs on Canada & Mexico.

Benchmarks have pared initial early morning upside, with USTs a little firmer whilst Bunds dip into the red.

Crude and base metals on the backfoot amid Trump tariff rhetoric.

Try Newsquawk for 7 Days Free

[Mtl JP]

remember the last time euro was at 1.06 ?
t’was not sooo long ago

now at “magic” (lol) 1.0350
invitation from degenerate traders: feel free to place your bet

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Likely a taste of things to come, stock and currency markets were knocked back and forth on the first day of Donald Trump’s new presidency as they second guessed his trade tariff plans and remained largely in the dark on the issue as U.S. markets return from Monday’s holiday.

Morning Bid: ‘Stop-Go’ Trump tariff trades whiplash dollar

[Mtl JP]

with 1460 days to next inauguration
–
US 10-YR 4.584% -0.027

Qtn (and bet) is if the puppy will ever yield less than 4%

[GVI Forex 2]

Aw I posted late yewterday (note high was 1.0434…..

Is this just a relief reaction that tariffs were not announced on day one of the new Trump era?

For a fatal blow, the daily trendline and 1.0435-55 would need to be firmly broken.

On the downside, only a break of 1.0330-54 would expose 1.03 again.

To keep it dimple today, 1.0350 will wet the intra-day tone while within 1,03-1.04 but updide ie limited while below 1.0385-00

[GVI Forex 2]

GER30 DAILY CHART – WHEN MIGHT IT PAUSE?

DAX continues to set record highs despite German economic woes.

So, the question now is what might derail the relentless march higher… in this regard, wild card may be any Trump tariffs.

In any case, only resistance is the new record high, keeps a bid while above 20537 (see chart).

[GVI Forex 2]

XAUUSD DAILY CHART –  Looking for a breakout…

Finally breaking 2725 (high 2732) but so far not establishing above it, which is needed to make a run at 2750 enroute to 2781.

On the downside, keeps a bid as long as it stays above 2689.

[GVI Forex 2]

Using my platform as a HEATMAP shows

Another day another tariff news whipsaw.

The change from yesterday is with the dollar firmer, there are no nearby stops left to go after on its downside

 

[GVI Forex 2]

USDMXN 1 HOUR CHART – ANOTHER TARIFF NEWS WHIPSAW VICTIM

Threat of Trump tariffs should keep a floor under this pair but needs to get through 20.80 and then 20.90-94 to fuel the uPside.

Keeps a bid if it can stay above 20,65.

[GVI Forex 2]

USDCAD 1 HOUR CHART – Elevator doiwn, elevator up

As I posted late yesdterday

1.4279-1.4467 has been the range for over 4 weeks with both sides briefly broken, the past few days, so far without follow throug.

Now that the downside hasa just been tested, a firm move below 1.3279 would be needed to suggest more scope on the downside. Otherwise it is back into the range.

Usdcad ais bck in its range after the tariffs news spike to 1.4516… but this time with support on dips as long as it stays aboive 1.4393.

[GVI Forex 2]

There are times when markets react to news that makes you want to scratch your head so hard your hair would fall out.

The reaction yesterday to the WSJ tariffs story was one of them. It is why I called it a relief reaction that there was no mention of tariffs on day one.

Well, that did not last the full day as life in the new Trump era started with headline roulette.

As I wrote to a GV member late yesterday afternoon

The reaction Monday was bs. . . Just a matter of when Trump calls for tariffs

Trump made me sound like a genius although I didn’t expect to see it come so soon (scroll below for the headline).

The moral is that life in Trumpworld should be viewed as actions speak louder than words.

As we should all know by now there will will be no shortage of words to create headlines and volatility but in the end actions are what counts.

In this regard the threat of tariffs are words but a cloud over markets and what the actual policy entails is what will matter in the end.

[GVI Forex 2]

Here is the full story

Trump says he’s thinking of imposing 25% tariffs on Canada and Mexico in February

[Mtl JP]

say what ?

“Trump says he’s thinking of imposing 25% tariffs on Canada and Mexico in February” – cnbc

[Mtl JP]

GVI 9:15 / please define “firmly”
tky!

[Author]

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