[Mtl JP]

sf 4:25 something very positive fundamentally

would hitting rock bottom qualify ?  or burning the house down to the basement footing ?

[michael Calif]

Nov 14 re-post.    daily charts.    Law of Time is Long Yen futures.    Option Profile gtwo3

[SF Monedge]

I see Yen futures moving higher overall and we will see these levels again almost certainly, but this is a significant price area where an intermediate buy cycle for spot pairs should be expected and so the buy side of Yen pairs should look good for a period of days with just above 149 UsdJpy as a barometer.

[michael Calif]

Law of Time has failed to confirm current rally nearby SP500 futures from Nov 19.    Option Profile gtwo3

[michael Calif]

Nov 17.    daily charts.    nearby BTC futures have reached Option Profile target @ 96,000.    gtwo3

[SF Monedge]

AudCad is tryingfor 9150 again, which is a long standing price magnet, but I don’t believe it gets there on the first pass and so I still prefer the sell side unless something develops for now from the 9130/40 area.

[SF Monedge]

That 7835 Usd vs Hong Kong Dollar area has been really good on the sell side so if you are out of ideas that is a thought.

[michael Calif]

Nov 14.   daily charts.   Law of Time in Long control of 1oyr futures.    Option Profile gtwo3

[GVI Forex 2]

UD yields up after JOLTS… note USDJPY corrrkation

Also SK oatlismrmg voted to repeal martial law order… sets up a dhowdoen

[SF Monedge]

The caveat with Euro is the meltdown of France’s political system this week and the Geo conditions.  My preference in that one remains short until we see Dow 4400 or lower, which I believe is pending.  Unless we get something very positive fundamentally, because for now stocks have shifted to a stock picking environment.

[SF Monedge]

Larger picture I would be on the buy size of AudNzd from nearby levels for 1.1150 or better.  These sells are the conclusion of an intermediate sell cycle in that pair and others, including Michael’s Euro view.

Due to the increasingly hair trigger Geo conditions I would not bet against Swiss Franc and am in the process of scaling positions in it.

[Belgrade Bobby]

South Korean president declares martial law and accuses opposition of ‘anti-state’ activity.

We are going to see some ripple effects …

[Belgrade Bobby]

XRPUSD

Lots of excitement on XRP today…

New high 2.90550

30% up and down range today

[SF Monedge]

Michael – regarding your post on bias shift in Euro, not today in my view but I see growing conditions for that to filter in as soon as tomorrow, I posted this yesterday …. “I see some conditions that point toward EurGbp pulling up toward 8400 in coming days”.

The cross is doing it just not the major yet.

[SF Monedge]

I took the money fast on those cross trades and am reloading on the pullup near here.

[GVI Forex 2]

149.29 is also an AT resistance. The overnight low wqs 149.49, suggests 149.50 is a pivotal level…you would need to see a bigger move up in yields to give the upside some legs..

[SF Monedge]

I see a lot of volume in 149.60 area still present for UsdJpy based on futures and options contracts with 149.30 being the same but less.  So the potential for a stop/order run through the latter is conceivable and .60 you may hit a sweet spot unless the market absolutely reverses in my view.  A bit much to ask for today but possible.

[GVI Forex 2]

JOLTS beats on the upside… stronger jobs m,arket… USD up

[SF Monedge]

China has banned exports of Germanium and other minerals which have great military importance for the US with Germanium important for nuclear and conventional missile production.  This is a significant counter to the tariff threats raised and can be viewed as the only actual move made by either party to this point.  China went right for military applications and also some key civilian mineral applications that effect communication and technology.

This coupled with the announcement of martial law by Yoon in South Korea is a clear window into growing hostility in the background with China, North Korea, South Korea, and Russia.

[GVI Forex 2]

JOLTS due at the top of the hour,,, see our Economic Calendar

[SF Monedge]

Sell side of AudNzd looks decent to me at the moment from 1.102 or under.  Flows have been hitting prime spots in the European session of late making the US session a bit difficult, but I have been finding good situations in crosses.  Yen has legs, period, so the sell side of Yen pairs is prime.

[michael Calif]

Nov 14 repost.    daily charts.    Law of  Time remains Long Euro futures; prices are at the end, not the beginning, of price decline.    Option Profile gtwo3

[GVI Forex 2]

Savvy trader so far looking savvy with his timely update.

Latest USDJPY and EURJPY Updates From the Savvy Trader

[SF Monedge]

EurGbp is entering overdone activity at 8312 in my view even if temporary.

[GVI Forex 2]

“ To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements… I hereby declare emergency martial law,” Yoon said in the TV address.

[GVI Forex 2]

ALERT

Here is the news that is boosting bonds and seeing JPY firm

South Korea President YOON declares martial law.

[GVI Forex 2]

USDJPY tumbling… bond yields falling…news coming

[GVI Forex 2]

Summary below is a good one

USD is noiw mixed

JPY seems to be getting any safe haven flows

[GVI Forex 2]

Quick Summary

US stocks are reaching new records as growth continues to outperform, interest rate cut optimism grows, and investors shrug off overseas turbulence in French politics and Chinese trade. The US manufacturing contraction is moderating, and growth estimates are rising, with the Atlanta Federal Reserve’s ‘GDPNow’ model predicting a 3.2% annualized expansion in the current quarter. Meanwhile, the Fed is hinting at another rate cut, with Governor Christopher Waller suggesting a move to a more neutral monetary policy setting. In Europe, France is facing a ‘no-confidence’ vote, but government borrowing rates are tumbling, and the European Central Bank is under pressure to cut rates further. In China, the yuan has hit a 2024 low, and the country is retaliating against US trade restrictions with export bans on certain materials.

Morning Bid: Wall St at records as Paris simmers, yuan hits 2024 low

[GVI Forex 2]

NEWSQUAWK US OPEN

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 entirely in the green; US futures are essentially flat ahead of US JOLTS and Fed speak.

USD is broadly softer vs. peers, EUR/USD reclaims 1.05.

US yield curve steepens ahead of JOLTS, OATs await Wednesday’s confidence vote

Crude climbs higher, base metals benefit from the risk tone and softer USD.

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