[GVI Forex 2]

Using my Platform as a Heatmap

AUDUSD outperforming after strong jobs report although there are questions whether it is an outlier

CHF underperforming after the 50bps rate cuit (not a surprise)

US bond yields continue to creep higher, givimg USDFJPY som,e support (held 151.90-00 cited yesterday as support)… inside day so far

EURUSD 1.05 remains the pivotal point ahead of ECB,,, surprise would be a 50bps cut, 25bps expected

[GVI Forex 2]

Source: Newsquawk.com

[GVI Forex 2]

SNB cuts rate la by 50 bps to 0.50% from 1.00%… not a surprise

[GVI Forex 2]

AUDUSD up after stronger jobs report… See our Economic DaTA Calendar for results

[GVI Forex 2]

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[GVI Forex 2]

NAS100 DAILY CHART – And the winner is….

New record high…look for a bid on dips as long as it trades above the trendline

[GVI Forex 2]

US500 4 HOUR CHART – 6100 OR BUST?

Just when it looked like US500 was ready for a retracement it switched gears and made a fresh run at the upside.

To keep this simple, anything other than a firm break of 6100 would be considered a disappointment.

So it is either consolidation (while above 6030-35) or a run at a new record high

[GVI Forex 2]

USDJPY DAILY CHART –  152 remains pivotal

Looking at this chart you can see why 152 is pivotal as there is a void of key levels until above 155.

Look for a bid on dips as long as it trades above 151.90-00 but key level on the downside is 151.00

Resistance starts at 152.85 (Wed high).

FIBOS for 156/72-148.65

[GVI Forex 2]

XAUUSD 4 HOUR CHART –  Key target looms

Key target remains and exposed at 2721…… firm break would expose 2750-90

On the downside, support on dips while above 2674-90… below 2674 would say a top is in

[Belgrade Bobby]

BTCUSD – Bitcoin
Bitcoin price recaptures $100K following funding reset and Coinbase premium return
BTC going for the previous high
Now all depends on can the Late Sellers outnumber new Bulls attempt.
New Targets : 107.400 & 109.000

[GVI Forex 2]

EURGBP MONTHLY CHART – Indicator of EUR weakness

Those who have followed me have seen me say to watch EURGBP for clues if trading EURUSD and/or GBPUSD

Break of .8267 opens the door for the major level at .8200… As this chart shows, .8200 is a 7-year low.

Back above .8250-67 would be needed to postpone the risk

Minor support is at .8225, Wednesday’s low.

[Belgrade Bobby]

NIO Inc.

Nio approaching Major support line at 4.40

Nio Stock Sinks 6% as Profitability Concerns Mount Amid Fierce EV Competition

[Belgrade Bobby]

XRPUSD

2.55 Resistance – has to go over it tomorrow latest for another attempt at high.

XRP Price Defies Bearish Crypto Trend, Rallies 6%: Key Drivers Revealed

[GVI Forex 2]

Stocks up, BTCUSD back to 100k, XAUUSD above 2700, bond yields up, USD up (except vs CAD) but not running away… charts posted later

[GVI Forex 2]

EURUSD would need to get back above 1.0508 to suggest the low is in for today… Otherwise the levels I cited earlier at 1.0472 and 1.0457 are in play.

If you look at EURGBP (,8228) it is as much EUR weakness than USD strength.

In any case, upside is limited as long as it stays below 1.05.

[GVI Forex 2]

XAUUSD extenduing its high abpove $2700… 2721 is the nexst obstacle before 2750-90 comes on the radar.

[GVI Forex 2]

US 10 year back to pre-data level (4.242%) ahead of 10-year auction

Giving USD a lift

[GVI Forex 2]

BoC cuts 50bps as expected… but statement less dovish… USDCAD dips

[GVI Forex 2]

EURUSD 1.0501: Traded technically with stall 2 pips shy of 1.0539 and then baCK TO 1.05- focus will shift to ECB tomorrow

USDJPY back to 152

eurgbp EXTENDS LOW TO .8230… GBPUSD LAgs, EURUSD leads

BoC on deck

[GVI Forex 2]

USDCAD 4 HOUR CHART – NEXT UP THE BoC

50bps rate cut expected so the surprise wopuld be a 25bps cut

Range is 1.4156-1.4195, too tight to last after the decision.

Price aCTION suggests a possible defense of 1.42 but only back below 1.4150-56 would deflecft the risk.

[GVI Forex 2]

Nice scalping by following US bond yields

[GVI Forex 2]

US CPI… no surprise… Fed rate cut a near certainty

[GVI Forex 2]

EURUSD 4 HOUR CHART – LEVELS TO WATCH

1.05 WILL DICFTATE THE TONE

suPPORTS:

1.0487
1.0472*
1.0457*
1.0425*

RESISTANCE
1.0518
1,0529
1.0539*
1.0568*
1.0594*

[GVI Forex 2]

See consensus forecasts for U.S. CPI in our

Economic Calendar

[GVI Forex 2]

Reference points ahead of US CPI

US 10 year bond yield

CME Fedwatch odds for a 25bps Fed De3c rate cut (86/14)

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Amanda Cooper.

The dollar’s supremacy has been one of the big stories of 2024 and, based on U.S. President-elect Donald Trump’s proposed “America first” agenda that includes trade tariffs, this story is likely to continue next year.

Morning Bid: China’s yuan plans and a look at inflation

[GVI Forex 2]

NEWSQUAWK US OPEN

DXY bid on reports that China is considering allowing the Yuan to weaken in 2025; US CPI due

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 began the session entirely in the red, but sentiment has improved to display a mixed picture; NQ incrementally outperforms in the US.

Dollar bid as markets digest reports of China allowing a weaker yuan, JPY choppy amid BoJ sources.

China’s top policymakers are considering allowing the Yuan to weaken in 2025 as Trump tariff looms, via Reuters citing sources

Mixed performance for paper, US 10yr supply looms.

Crude initially hampered by Yuan-reports, but has since pared with crude now at session highs; metals on the backfoot.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

USDJPY DAILY CHARTT – VOID

As this daily chart shows there is a void of resistance level to go after until above 155 so use 152 as the new bias setter.

In the absence of nearby resistance, here are FIBOS for 156.72-148.65 (50% just completed)

[Mtl JP]

08:30nyt US CPI on deck:
see https://global-view.com/economic-calendar/ for concensii

some speculate that IF cpi comes in hotter than concesus
market reaction could be vicious

note: nytimes.com – 6 days ago
Fed Chair Powell Acknowledges Inflation Is a ‘Little Higher’ Than Expected

looks like a matter of interpreting english language by jeroem vs that by market and the gap size between

[GVI Forex 2]

JP, to state the obvious, I would position into the data but unfortunately there is no free lunch in trading.

Otherwise, keep powder dry to take advantage of news like just now in the JPY.

[Author]

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