[GVI Forex 2]

Using my Platform as a HEATMAP shows

Markets on hold awaiting the US jobs report in 3+ hours

GS and Citi calling for a weaker report …

But not showing up in bonds, where yields have edged higher

To keep it simple, watch big figures to guide the respective tones post-data

EURUSD 1.03

USDJPY 158** (traded 4 days in a row)

GBPUSD 1.23

USDCAD 1.44

AUDUSD .62**

**More significant big figures than the others

 

[Anonymous]

10 January 2025
Tomorrow I shall be sober – French edition

In our lead story this morning, we write about a budget compromise in France – one that mostly ignores the fiscal trajectory agreed with the EU – the new stability is already dead on arrival; we also have stories on the logical fallacies behind Friedrich Merz’ economic strategy; on the fall of demand for electric cars in Germany; on the high degree of interconnectedness in the global gas markets; on Scholz’ veto of arms deliveries to Ukraine, and, below, on what appears to be an empty threat.

https://www.eurointelligence.com/

[Mtl JP]

Global Financial Crisis ….. of 2007-09 ?

gawd-dawn it! is taking the german long long time to clean house
sounds like the german is a glutton for prolonged pain

[Anonymous]

BREAKING 🚨: Germany

Germany saw 4,215 corporate insolvencies during the 4th quarter, the most since the Global Financial Crisis

[Mtl JP]

10-yr at 9:49 PM EST 4.683%

here is jeff again:

Friday’s jobs report could present a mixed view of the labor market. Here’s what to expect

[GVI Forex 2]

In our blog

While most (if not all) retail traders do not trade off monthly charts, it pays to keep an eye on them for the major trends. Only those with deep pockets or those who do not use leverage can ignore the noise and have the staying power to trade off these longer term charts.

Can I Use Monthly Charts to Trade Forex?

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2660.00, 2640.00 & 2620.00

Resistances : 2680.00, 2695.00 & 2735.00

As proven time and time again , my “Historical” trend lines and angles are working perfectly.

But what does it mean ???

Well, if Gold manages to go over 2735.00 in coming days, we should be seeing new Rally in which case Target is in 3.000 area.

But if not, it is going to be a prolonged correction, lading all the way to 2320.00

[Belgrade Bobby]

EURUSD Daily

Downtrend is intact – so far so good.

Only thing that bothers me right now is a lack of a new low today – and it is easy to blame it on President Carters funeral ( he left us way too early…) , but I still don’t like it.

You might think that I am trying to find a needle in  a haystack , but I know exactly what am I saying : Patterns are never wrong , and by current one we should see another test Up tomorrow – so be aware of that possibility!

Resistances : 1.03250, 1.03450 & 1.03850

Supports : 1.02850, 1.02500 & 1.02250

[Belgrade Bobby]

Why is Crypto market in Red today?

Reasons are many, but one obvious jumps out – Overbought – Correction is not only necessary, but underway….

So let’s see how The Top Coin – Bitcoin looks on the daily chart

Fact that Upward Trend is broken cannot be denied, but for Bitcoin to continue Down is more important how it is going to close tonight – below that trend line or above it.

Be aware that Upward Angle is lost, and it suggest more losses to come.

In my opinion, for BTC to regain strength and be able to make renewed attempts Up , it must not lose 87.350.00.

As long as it manages to stay within the Upper Channel, it will be able to make new rally.

For more Crypto insights continue reading….

[GVI Forex 2]

Source: Reuters

[GVI Forex 2]

US500 4 HOUR CHART – NO CHANGE

No change from yesterday except we are one day closer to the Dec jobs report.

to prevent another run at 5800, 5862 needs to hold…. 5862 was tested and held dead on… yet another example of the power of The Amazing Trader_

Otherwise, no change…while within 5800-6000, look for 5900 to set the tone but needs 5917+ to negate the downside risk

[Anonymous]

The cost of French debt reaches new heights

The rate reached 3.4% and the risk premium continued to widen close to 90 basis points and move closer to Italy’s. This is a movement that is part of a general context of rising long-term rates.

It’s a movement that won’t simplify the government’s fiscal equation. The yield of the ten-year French sovereign bond reached 3.40% in the morning on Thursday, January 9 – highest since 2011 – before returning to 3.38%. The yield has increased by 20 basis points since the beginning of the year.

[Anonymous]

France

Bankruptness: the EPP time bomb
With a bleak economic context, some small businesses find it more difficult to repay their state-guaranteed loans. This will fuel the 2025 defaults, which are expected to peak.

66.422. This is the number of company failures in France in 2024. An increase of 28% compared to the pre-Covid period, according to BPCE figures The Observatory published on Wednesday.

The State-guaranteed lending scheme helped companies, the majority of which were SMEs and SMEs, to hold the shock during the COVID-19 pandemic.

[Mtl JP]

10 days and 22hrs …
–
Microsoft contributes $1 million to Trump’s inauguration fund
Google donates $1 million to Trump’s inauguration fund, joining other tech giants

hahaha, and they dont feel one once worth of shame or embarrassment
the grifters that they are

did you see zooki’s watch the other day as he was “getting new religion” ?

[Mtl JP]

Rafe / January 2, 2025 at 1:31 pm
Mtl JP Best Female Traders

[Anonymous]

JP// unemployed people esp peasants have no option but to join the army to serve… What we want is for them to remain employed but demanding higher pay… considering that things are so cheap in China but which will become expensive because rather than spending on the welfare programs for their people they will have to instead spend on infrastructure they built and which requires excessive funds which can only be financed by treasury sales and if we pay heed to the fact that tax evasion in china is just too prevalent and might cause the pretty ladies in the government to have many sleepless nights.

[GVI Forex 2]

Bond yields tick up ahead of early close… who wants to be long bonds ahead of the US jobs report?

[Anonymous]

JP// You’d recently posted an article on lady traders. Mind reposting that one again please?

I’d like to reread that one again just for the insights.

[Anonymous]

January 8, 2025 at 7:08 pm #17369

Prancing in the streets holding Taipan hostage?

——–

xi needs to have his head squished and he needs to become respectful
the only way to do that is to help him have visions of chinese unemployed peasants prancing in the streets.

 

 

[Mtl JP]

with harker and collins yakkings out of the way …

still to come:
12:00 barkin
13:30 schmid
13:35 bowman (reflects on 2024 lol)

[GVI Forex 2]

Using Crosses to trade SpotFX 101.

EURUSD couldn’t build emough momentum out of demand from EURGBP to stage a serious rally has backed off after losing its cross related bid.

[Anonymous]

The French state is on track to become the eurozone’s largest borrower by raising nearly EUR 350 billion in the markets in the year 2025 alone to finance its debt, according to Natixis’ latest estimates.

[GVI Forex 2]

UK mekltdown

I wrote this to gvi MEMBER EARKIER… JUST imho

Here is what think

Started with sn order yo still gilts

Thin Liquidity

Couldn’t absorb selling

Snowballed

BOE has to be in

[GVI Forex 2]

Normally the real 2025 would start after the US jobs report dustsettles as trends become clearer but this year is different.

The focus then shifts to January 20, inauguration day and a likely barrage of executive orders from President Trump. Of most interest to currency traders will be anything to do with tariffs..

[Anonymous]

EU Equities – Its the French guys under steroids

They were just waiting another small liquidity day to make the big again.

Yet what I’ve heard its not french the french traders, but a bunch of english traders that escacped from london…

that probably ate too much fromage… the CAC 40 is back to 7500

this while another government is about to fall and a 6 or 7% deficit is happily running on…

the time will come this game will not go on

not today … Its Jimmmy Carter’s day

so relax.. let them play

[GVI Forex 2]

EURGBP back to .8375 suggest panic GBP selling is over for now

[GVI Forex 2]

Bond yields backing off… USDJPY back below 158…gb{usd BACK TO 1.23… 24+ hourSA uniul US jobs report

[Mtl JP]

U.S. Treasury yields fell on Thursday ahead of a shortened trading session as the bonds market will close early in honor of the late former U.S. President Jimmy Carter.

At 4:33 a.m. ET, the 10-year Treasury yield was more than two basis points lower to 4.67%, while the 2-year Treasury yield was more than one basis point lower at 4.27%. On Wednesday, Treasury yields topped 4.7%, its highest level since April.

Bond market trading will end early at 2 p.m. ET.

[GVI Forex 2]

XAUUSD DAILY CHART – SAFE HAVEN

Benefiting from safe haven flows but would need to break 2725 for this bounce to be anything other than a swing within the range.

Keeps a bid as long as it stays above 2650.

[GVI Forex 2]

NEWSQUAWK US OPEN

USD maintains strength ahead of Fed speak, Gilts briefly touched 89.00 but quickly pared

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 mixed whilst US is away amid the National Day of Mourning in honour of President Jimmy Carter.

Pound under pressure as Cable hangs by a thread; DXY broadly firmer vs peers (ex-JPY).

Gilts gap lower and hit 89.00 but have since pared into an imminent parliamentary question, hefty European supply well received.

Subdued trade in energy but base metals tilt higher.

Try Newsquawk for 7 Days Free

[Author]

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