[michael Calif]

re-post:    time vibrations nearby futures now Long Euro, Short USD    :gtwo3

[SF Monedge]

I may not trade today because every time I hear Johnathan Ferro’s voice on Bloomberg TV (he sounds like a rat cheerleader who was hired for his exotic Australian accent) I don’t do as well.  I can’t wait until his contract is over.

[GVI Forex 2]

AUDUSD DAILY CHART – KEY SUPPORT

With the USD up across-the-board, AUDUSD is coming within range of the key levels we have been citing at the 200 day mva (.6626) and .6621.

A firm break would confirm end of the uptrend and expose a risk to .6500/05-50./55

[GVI Forex 2]

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

The dollar continues to ride higher on the back of an anxious pre-election climb in U.S. Treasury yields, notching its best levels in almost three months against the euro and yen on starkly contrasting economic and interest rate pictures.

With the International Monetary Fund’s annual meeting underway and G7 finance chiefs and central bankers gathering, the exceptional performance of the U.S. economy was underlined in updated IMF global forecasts on Tuesday.

Morning Bid: Dollar rides rising yields, Canada set to ease

[GVI Forex 2]

Newsquawk US Open

European bourses trading negative, US futures follow suit with earnings ahead

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 generally trading in negative territory; US futures follow suit, ahead of a busy earnings slate.

DXY continues to march higher, USD/JPY climbs back above 152 to a current 152.74 peak.

USTs are modestly lower ahead of 20yr supply; Bunds were unreactive to a well-received 10yr auction.

Crude is subdued and continues to await geopolitical updates; XAU is slightly higher whilst base metals are mostly in the red.

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[GVI Forex 2]

EURUSD low 1.07775 so 1.0777 target reached… nice when it trades like a textbook… Now use 1.0780 as the level that needs to become resistance for a run at Bobby’s 1.0750. level

[GVI Forex 2]

USDCAD DAILY CHART – 25 or 50BPS?

Reaction to the BoC decision will dictate whether a 50bps rate cut is discounted or the trigger for a run at the major 1,3946 level…1.3850 would need to become support to put 1.3946 at risk

On the downside, back below 1.38 would be needed to cool the threat

Re the BoC, surprise would be a 25bps rate cut although I saw a Canadian bank calling for 25bps.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – ANOTHER DAY, ANOTHER RECORD HIGH

‘
Keep it simple…

New record high at 2758

Needs to hold 2750 to keep a super strong bid with 2800 the next pivotal level.

Below 2750 is support at 2740, 2730, 2714 (key level)

[GVI Forex 2]

EURUSD DAILY CHART – 1.0777

As I have been noting, the break of 1.0881 exposed 1.0777 as the target…came close…Low so far 1.0779

Only back above 1.08 would slow the threat to 1.0777 and below.

[GVI Forex 2]

USDJPY DAILY CHART – 200 DAY MVA

As I have been noting, there was a void of key level until 155.20 other than the 200 day mva (151.37), break of which propelled USDJPY higher, and a 61.8% FIBO.

Now 152 becomes pivotal as the level that needs to hold keep a strong bid and put 155.20 on the radar.

Note, the correlation between the JPY and firmer US yields.

Risk of verbal intervention rises given pace of JPY slide.

FIBOS: 153.39 = 61.8% of 161.93-139.58

 

[Mtl JP]

eye on yellen
–
Yellen Says US to Contribute $20 Billion for Ukraine Loan
G-7 set to finalize $50 billion loan for Kyiv on Friday
Loans backed by profits from frozen Russia central bank assets

having listend to her voice talking about f-kking w / russian money
yellen – maybe , maybe not – feels safe in numbers of the G-7

[Mtl JP]

USDCAD 1.3825
BoC on tap today

eminently tradeable

[Mtl JP]

10-yr 4.232% +0.026
euro 1.0787

It is a fragile world

[GVI Forex 2]

This is a timely article with an addendum

How Does a Currency Options Defense Affect the Spot FX Market?

[GVI Forex 2]

EURGBP .8316

As I posted earlier…

EURGBP lifted EURUSD away from 1.08 earlier but now slipping and putting some pressure on its downside

[GVI Forex 2]

US500 4 HOUR CHART – CONSOLIDATION

Nio change to 5805-95 as the consolidation range… To accelerate the upside, 5695 (record high) would need to be broken and become upport.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – ANOTHER RECORD HIGH

Keep it simple…

Another record high at 2748… WHERE IT PAUSES IS PURE GUESSOWRK BUT 2750 IS A POSSIBLE LEVEL… IF BROKEN, THEN 2800 GETS TARGETED.

Strong bid if above 2740, support on dips a long as it trades above 2700-15

[GVI Forex 2]

Bullseye… 1.0796 low… textbook options defense… It was past the Little Dutch Boy’s bedtime

[Mtl JP]

EURO 1.0801 = Sup

IF it breaks 1.0780 next trgt
but as Support it need to hold else 1.0670/50 come on radar

[SF Monedge]

If you are thinking inflation has been sinking in REAL terms  you are not thinking.  You are buying horse manure being peddled to you by politicians.

Now, onto something tangible —-

And we have yet another Crypto Scam confusing people who think it is stable —

A glamorous Russian influencer known as the “Queen of Crypto” scammed unsuspecting investors out of over $22 million that she then sent to Ukrainian troops amid the ongoing war, according to reports.

Russian authorities say Valeria Fedyakina, 24, portrayed herself as a cryptocurrency expert on social media to gain the trust of at least four victims who she later stole millions from, NewsX reported.

The influencer, who went by “Bitmama” on social media, pretended to be a cryptocurrency expert with offices in Moscow City, Dubai, Monaco, Serbia and Turkey and convinced her victims to trust her with their millions, CryptoNews also reported.

[SF Monedge]

JP – Funny.  One of them just yesterday said “higher prices are here to stay.”  They must think all of us are stupid.

[Mtl JP]

I am almost giddy
–
“IMF says global fight against inflation is ‘almost won’ but warns of rising risks” – cnbc

[GVI Forex 2]

Unless The Little Dutch Boy, who is still hanging in, wants to spend 24 hours with his finger in the dyke, 1.08 will be vulnerable when markets turn thin.

Otherwise, USD maintains a bid, helped by firm US bond yield.

[SF Monedge]

If you happened to catch my October 21, 2024 at 12:10 am post it was dead on accurate.

Now I am thinking UsdJpy, if it is going to run into trouble will be around the 151.20/30 area.  I have been on the buy side and am now flat in that pair.  You could see the undertow across certain barometers and markets when Euro 108 was under fire and stocks were a part of that with certain metrics showing strength into the selling.  Jay’s reference to options defense was a part of it.  My preference has been the sell side of UsdChf due to the post I referenced and the elements in it.

[GVI Forex 2]

US yield moving up again. 4.214% 10 yr… USDJPY at 151.08

[Belgrade Bobby]

EURUSD Daily

That Little Dutch Boy better put his finger on 1.07500 😀

[GVI Forex 2]

EURUSD low 1.0801… last 1.0810… would need to move above 1.0818 to give The Little Dutch Boy a rest

.

[GVI Forex 2]

XAUUSD — new record high but so far just by $2. Needs 2740 to become support to set sights even higher.

[GVI Forex 2]

EURGBP 15 MINUTE – Pressuring EURUSD but…

EURGBP lifted EURUSD away from 1.08 earlier but now slipping and putting some pressure on its downside.

Little Dutch Boy must be getting tired but hanging in there.

[GVI Forex 2]

The Little Dutch Boy has his finger stuck in the EURUSD dyke at 1.0801

[Author]

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