[Belgrade Bobby]

ETHUSD – Ethereum

Why is Ethereum (ETH) price down today?
Ether  ETHUSD price has declined 3.94% over the past 24 hours, its steepest correction since Nov. 14. After retesting its psychological level at $4,000 on Dec. 6, the altcoin is forming another higher low in the charts.

Ethereum long liquidations drag price below $3,800

[Belgrade Bobby]

GameStop Corporation – GME

No matter all the positive news, cheering by crowds and even Roaring Kitty attempt – GME lost momentum and now it’s moving South.

Level to be watched as a support comes first at 25.70 and if lost 23.00 will follow fairly soon.

[GVI Forex 2]

US500 4 HOUR CHART – HIT A WALL

Failure to take out 6100 finally caught up to US500, where a break of .6062 says this latest episode to the upside has topped out for now.

To suggest a retracement risk, the 6062  (red) line would need to become resistance.

 

[GVI Forex 2]

USDJPY4 HOUR  CHART – 150 PATTERN BROKEN?

I have been highlighting the (7-day) pattern around 150, which will likely be broken on Tuesday unless 150 trades again.

This would be a bullish signal that would target the 152 area next BUT ONLY IF 151.21 becomes support.

Otherwise, support zone is 150.77-151.21, only back below 150. 50 would put 150 in play again.

[Belgrade Bobby]

Nvidia – NVDA

Struggling to regain the momentum for further gains.

Nvidia Probed in China Over Possible Antimonopoly Violations

[Belgrade Bobby]

Great David !

Please just add next time bought/sold- profit/loss and why did you take that trade.

Next few days ( till we start evaluation) post it in trading hot line – discussion boards – when we start it goes here

[David Shepherd]

[GVI Forex 2]

AUDUSD 4 HOUR CHART – WAITING FOR THE RBA

An outperformer to start the week, boosted by China economic stimulus hopes (note firmer AUDJPY).

Brief break of .6445-55 leaves this area as needing to become support to shift the risk to .65

Resistance is at Monday’s .6471 high, key support is not until .6372.

Event risk: RBA decision

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Breakout? NOT YET…

Breakout so far not confirmed with the move above 2666 not sustained.

Now dependent on 2650-57 holding to keep it a bid and XAUUSD away from the trendline.

[Belgrade Bobby]

NIO Inc.

There you have it – Little Nio finally broke Up. Going for a fame and glory 😀

Next hurdle : 5.60 – 5.70

[GVI Forex 2]

Treating it as a retracement worked out

December 9, 2024 at 1:54 pm

GVI Forex

USDCAD is not immune from positive fallout from China… charts show little support given the straight line up so treat it as a retracement unless 1.4000-40m is taken out…

[SF Monedge]

Puts are dominating calls a bit in Sterling futures so a bit of added element that the sell side is prudent.  It basically ran out of gas approaching the figure.  Euro zone is still touchy and will be for a while.  Britain not as much but still not exactly robust.

[SF Monedge]

In time and without any world shattering events I have supreme confidence we will see S&P 500 at 7000 minimum looking outward.  Grab any robust pullbacks you can while you can.

[SF Monedge]

And there you have it, Dow just went positive.

[SF Monedge]

We just had a sturdy drop off in volume in Dow Puts, which have been dominating Calls, so a little heads up for a possible pending bounce which would carry over to Euro and Sterling, Euro especially.

[GVI Forex 2]

Monday snapshot

USD down except vs jpy (which held a test of resistance)

Stocks lower

BTCUSD down (below 100k)

Gold ip

US bond yields higher

News: All about China stimulus

[GVI Forex 2]

Bingo.. USDJPY hits 151.21….high 151.24… last at 151.10

[GVI Forex 2]

USDJPY up and performing technically, JPY weaker on crosses… these are real money flows

[Belgrade Bobby]

EURUSD 4h

Current situation :

As long as above 1.05600 will test higher

Resistances : 1.05900, 1.06300 & 1.07050

Supports : 1.05600 , 1.05350 & 1.04750

[SF Monedge]

This may sound a bit ridiculous to some but I largely operate on a sine wave basis since I have a military background using sine waves to tune weapons systems and have been able to (somewhat) redesign algorithms to reasonably match it.  You would be surprised how similar markets move in that fashion.

At present Euro is right in the middle of an intermediate wave and so it would be a roll of the dice either direction here.  And since the Eurozone is under reconstruction fundamentally I definitely prefer the sell side on pull ups.

[SF Monedge]

UsdSingapore and UsdHong Kong are laboring and I believe it is due to money flowing into US stocks and out of Bonds since institutions expectedly took their shot in that one last week.  For now.

Although Usd is laboring against those cross pairs I am not seeing carryover into EurGbp or EurChf like there is in the majors and so am not yet enthused about the buy side there.  Would need to see more.  Money is flowing into those two but the horizon is under pressure.

[SF Monedge]

Jay – I have been on the buy side of UsdJpy overnight but may shift anytime here to the sell side but prefer the buy side from lower.

[GVI Forex 2]

SF when you say buy yen pairs do you mean buy yen and sell another currency.

I know you often think in terms of futures.

[SF Monedge]

SO FAR entering the week.  I like Australian Dollar, Sterling, to a lesser extent Swiss Franc, and depending on a few things Euro on dips but my preferred side with that one still is the sell side. The buy side of Yen pairs is the best for me entering the week.  UsdChf is bottoming in likelihood, but there could be another little stop run downhill prior from here.

[GVI Forex 2]

USDCAD is not immune from positive fallout from China… charts show little support given the straight line up so treat it as a retracement unless 1.4000-40m is taken out… bigger mover in CADJPY (UP)

[GVI Forex 2]

EURUSD 1.0570 LAST… Break of 1.0561 paused 2 pips above 1.0556 to check the downside

AUDUSD trading above .6455, AUDJPY firmly above 97.08

Scroll below for earlier updates

[GVI Forex 2]

USDEJPY 4 HOUR CHART –  UPSIDE RISK

A firm break of 150.76 would expose the key 151.21 high and a risk that the 150 pattern will be broken to the upside.

BaCk below 150.50 would be needED to ease the risk.

Note AUDJPY a factor supporting USDJPY

[GVI Forex 2]

EURUSD 5 MINUTE AMAZING TRADER CHART

You can see why EURUSD was sewtup to back dowqn… but in a range as long as 1.0561 holds as support (same support on a 15 minute chart)… below 1.0561 is 1.0556 and the 1,0550 magnet

[GVI Forex 2]

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

A seemingly robust U.S. employment report did little to dissuade markets that another Federal Reserve interest rate is coming this month, and China added to the easy money mix on Monday in a historic change of monetary stance.

With the European Central Bank, Swiss National Bank and Bank of Canada among the major central banks expected to ease policy again this week, markets remain buoyant and Wall Street futures hover near their latest records.

Morning Bid: Fed cut gets baked in, China shifts monetary stance

[GVI Forex 2]

NEWSQUAWK US OPEN

China’s Politburo sparks risk-on sentiment, but gains in equities have faded

Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

European bourses initially gained, taking impetus from positive commentary via the Chinese Politburo; upside which has since faded. US equity futures are mixed.

China’s Politburo says next year must seek progress while maintaining stability; China’s fiscal policy to be more proactive next year. Monetary policy is to be moderately loose, via Xinhua.

Dollar is at incremental session lows; Antipodeans benefit from the positive sentiment, whilst havens lag.

Bonds were initially weighed on from the Politburo read-out, but now off worst levels; USTs a touch lower whilst European paper is slightly higher.

Commodities benefit from the risk tone sparked by the positive commentary from the Chinese Politburo.

Try Newsquawk for 7 Days Free

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