[GVI Forex 2]

No surprise, 1.0550 exerting its magnetic pull after intra-day stops run earlier and then not following through.

[Mtl JP]

just for the fun of it
EURUSD: 105.50 AS I TYPE
10yr 4.406%

suggest: check your charts for sentiment and range signals
fwiw

[SF Monedge]

Having difficulty seeing UsdChf doing much after 9000 is seen.

[Mtl JP]

** GAP **
–
DLRx 106.67

on my chart (4hr for ex) … I am showing a GAP to 103.33-ish
trade profit opp looms
fwiw

[GVI Forex 2]

JP zero chance he resigns

[Mtl JP]

GVI Forex 11:33
–
odds may be very very low but they are not zero that
jerome , at end of his spiel this afternoon, as last sentence that he utters will be

I and my board, hereby resign.

and whispers … find yourself someone else to run the money printing business

[GVI Forex 2]

EURUSD 30 MINUTE CGART – NEXT LEVEL TESTED AND HOLDING

 

Just so you know this level was posted well in advance early this morning

For day traders, it is a Power of 50 day with 1.0550 likely to set the tone.

Otherwise, a move above 1.0577 would be needed to slow the threat to key targets at 1.0500-15 and the major one at 1.0446.

[GVI Forex 2]

EURUSD leading retracement… 1.0577 (tested), 1.0794 next levels… to suggest a bigger squeeze 1.06+ would need to trade… 1.0577 so far capping upside

I did give the clue about 1.05 defense

Addendum: Mixed FX… USDJPY off its highs but still bid, USDCAD bid above 1.40

[GVI Forex 2]

EURUSD 30 MINUTE AMAZING TRADER CHART

Chart speaks for itself with levels posted in prior update…BUT INTRA-DAY 1.0550 IS BACK TO THE BIAS SETTING LEVEL

[GVI Forex 2]

It looks like some profit-taking kicking in… still just retracements but moving farther from USD highs means farther from any USD buy stops…. not just FX as stocks opening lower as well.

On the other side, EURUSD 1.0568-77-94…. so far 1.0668 has capped the upside

[GVI Forex 2]

EURUSD holding 1.05 may have been the sign to take a breather… now see how it trades vs 1.0550

Otherwise, we wait fir Powell later on for the next key event.

[ST London]

no change in view

keep drawing T/L and be patient
let the USD move run its course
we continue bit by bit to average in vs UsdJpy… there could be risk as high as 162.25
Cable we wait a bottom signal. it will come…. just when… just patient waiting on cable

[GVI Forex 2]

Data misses

Slightly hotter PPI

Lower weekly jobless claims

[Belgrade Bobby]

EURUSD Daily

And now let’s look at it at the Daily Chart…

Supports : 1.04850 , 1.04500 & 1.04350

Resistances : 1.05700 , 1.06150 & 1.06500

As long as it stays below 1.06750 it will go for lows.

Time wise – we should be seeing some Upticks at least, if not today – tomorrow.

[Belgrade Bobby]

EURUSD Monthly

To be able to understand what is going on with this pair, I am first going to show you Monthly chart.

Obviously it is in a long lasting Downtrend.

That Support channel line below is hypothetical – based on historical behaviour and angle that has to hold  for it to be able to go Up again.

It can hold, it can give a way – I don’t know – depends on million factors in the near future – but it will give you an idea what is really going on.

 

[GVI Forex 2]

The Little Dutch Boy kept his finger in the dyke at 1.05

[Mtl JP]

GVI … good alert on EURUSD options defense risk

[GVI Forex 2]

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

The dollar is forging ahead again, heading for its biggest week-on-week gain since September last year, up 2.37% since last Thursday, while Wall Street looks set to open modestly higher thanks to what for now looks like win-win inflation numbers.

Wednesday’s data showed consumer price pressures remain stubbornly above the Federal Reserve’s target rate of 2%. And yet markets rushed to price in an 82% chance that the central bank will cut rates by another quarter point on Dec. 18, up from around 65% two days earlier.

Morning bid: A twist in the U.S.’s inflation tale?

[GVI Forex 2]

Key event rik

3:00 p.m. Speech — Chair Jerome H. Powell

Economic Outlook

At Conversation with Federal Reserve Chair Jerome Powell, Dallas, Texas

[GVI Forex 2]

NEWSQUAWK US OPEN

European equities higher, ASML +5.6% after confirming 2030 outlook, DXY topped 107 ahead of Powell

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 gain with clear outperformance in the Euro Stoxx 50, lifted by gains in ASML +5.2% after it reiterated its 2030 sales outlook; US futures are modestly firmer whilst the RTY outperforms.

Dollar continues to extend gains having surpassed 107.00, USD/JPY tops 156.00.

Bonds are subdued with slight underperformance in Gilts ahead of Fed Chair Powell and BoE Governor Bailey.

Metals succumb to the Dollar strength while crude trades choppily in a tight range.

Try Newsquawk for 7 Days Free

[Mtl JP]

re 10-yr chart
–
fwiw / ING strategists want to be a ‘tad bullish’ on U.S. Treasurys due to the Trump-induced rise in rates, but Treasurys need a catalyst first, they say. “Historically, we’ve never seen a rate-cutting cycle where the 10-year yield consistently rose after the first cut,” – wsj

[GVI Forex 2]

EURUSD 1.05 DEFENSE? LOW SO FAR 1.0502 (SCROLL BELOW)

[GVI Forex 2]

XAUUSD testing 2543-46 (see post below)

[GVI Forex 2]

US 10 year chart (4.50% may be a pivotal yield)

 

[GVI Forex 2]

2 year high in the US dollar index

[GVI Forex 2]

Power of 50

Notice how EURUSD battled 1.0550 after a bounce from an initial 1.0535 low and how momentum built to the downside once it started to distance below 1.0550,

[GVI Forex 2]

US data due at the US opening

PPI, Weekly jobless claims

See our Economic Data Calendar

[GVI Forex 2]

EURUSD WEEKLY CHART  – WILL 1.05 BE DEFENDED

You can see by this chart why I posted earlier key levels at 1.0516 and 1.0446 .

See whether 1.05 is one of those options levels being defended, which is why I called 1.0500-50 a sticky zone.

[GVI Forex 2]

GBPUSD DAILY CHART – KEY SUPPORT LOOMS

The Trump Trade is sparing no victims, and this includes GBPUSD, which would put the key 1.2612 on the radar while below 1.2664.

For day traders, use 1.2650 (Power of 50) as a pivotal level as GBPUSD seems to be more of a follower than a leader. .

Resistance starts at 1.2695.

[GVI Forex 2]

For those not familiar with this term or those who would like a reminder, see this popular articles in our blog

My Favorite Trading Secret: The Power of the “50” Level

[Author]

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