[Mtl JP]

US 10-YR 4.188% -0.014
LAST | 7:46:20 AM EDT

DLRx 103.85

Looks like puppy (and yield premiums) have cooled off some , maybe some data could give the dlr a lift but odds look meek

104 = Support
bellow 103.50

[GVI Forex 2]

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

Tesla’s 20%-plus stock surge whets investor appetites for next week’s earnings from most of the rest of the “Magnificent 7” of U.S. megacaps – with overseas markets keeping close tabs on weekend elections in Japan and next week’s UK budget.

A relatively quiet end to a busy week sees market attention drift to numerous big events coming down the pike, not least the U.S. election in 11 days time. But the related edginess in the Treasury market earlier this week seems to have settled for now and the White House race remains far too close to call.

Morning Bid: Megacap Earnings Loom, Japan Decides, Gilts Wobble

[Mtl JP]

Anyone else would get slapped with either suspension, career-ending imprisonment and / or $xxx,xxx + fine
–
(Reuters) -Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Janet Yellen discussed recent exchange-rate moves, among other topics, in a bilateral meeting held on Thursday, a senior Japanese finance ministry official said.

“The two sides discussed exchange-rate moves, and confirmed the need for the United States and Japan to communicate closely,” Atsushi Mimura, Japan’s vice finance minister for international affairs, told reporters.

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.29550 , 1.29150 & 1.28650

Resistances : 1.29900 , 1.30200 & 1.30650

This “Support” line just below is Hypothetical – based on historical angles and behaviour – but can be the real one…

The Pattern suggests possible turn Up – at least Upticks.

Do not forget that on the Big picture, as long as above 1.25000 Cable is Bullish

[GVI Forex 2]

Newsquawk US Open

US futures are bid & DXY is flat ahead of US data & Fed speak

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 hold a slight positive tilt after initially opening on a modestly weaker footing; US futures are entirely in the green.

Dollar is flat ahead of Durable Goods, JPY was fairly unreactive to mixed Tokyo CPI.

USTs are flat but directionally in-fitting with the pressure seen in Bunds, sparked by strong German Ifo metrics
.
Crude is very modestly firmer but ultimately within a contained range, XAU/base metals are pressured.

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[GVI Forex 2]

USDJPY 4 HOUR CHART – Consolidating before the election

While attention has been on the US election, Japan goes to the polls this weekend.

This runs the risk of a gap opening to start next week and also the BoJ waiting in the wings to covertly intervene if needed.

Otherwise, 152 remains a pivotal level, 151.40 = 200 daily mva (paused above it).

Suggests a 51.50-152.50 as a possible consolidation range.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Consolidation or Retracement?

‘
It has been hard to bet against the relentless rise in XAUUSD but chart shows potential for a top for now, a retracement or at least consolidation.

To suggest a retracement, 2700-08 would need to be firmly taken out.

Otherwise, just consolidation.

[GVI Forex 2]

EURUSD 4 HOUR CHART – Resistance holding

As noted a couple of times yesterday, treat the move up as a retracement unless 1.0838 is firmly taken out.

High so far 1.08374… dead on at an Amazing Trader resistance line

Otherwise, EURUSD keeps a bid while above 1.08 but runs the risk of a magnetic pull towards it if 1.0838 is not firmly taken out.

Just in case resistance level 1.0873

[GVI Forex 2]

In Our Blog — A timely article worth your attention

Most technical traders refer to momentum moves as trends. I prefer to look at the price moves as trading in episodes.

Like a streaming television show, an episode has a beginning and an end. It is no difference in trading except that is where the similarity ends.

Why You Should Treat Forex Trading as Being in Episodes Not Trends

[GVI Forex 2]

BTCUSD 4 HOUR CHART – WILL 70K BW TESTED

Range is still 65-70K (or higher) with the upside at risk if it can establish above 68K

[SF Monedge]

Side note I do not expect a short Eur here to materialize in a matter of minutes.  It may take overnight or so.

[michael Calif]

re-post:    Law of Time has been/is Long Euro, Short USD    :gtwo3

[SF Monedge]

And on that note by Jay I like the sell side of EurUsd finally here.  Plenty of wiggle room being hedged elsewhere in case.

[GVI Forex 2]

EURUSD 1 HOUR CHART – NEW DAY, NEW BALL GAME

Playing it by the book means ignoring your gut or what you felt like yesterday and following what the charts are showing mow.

In this case, charts show 1.0838 as a key resistance, exposed as long as it trades above 1.0807.

As noted earlier, treat the move up as a retracement unless 1.0838 is firmly taken out.

[GVI Forex 2]

USDJPY 4 HOUR CHART – FIBOS and 150

With a hidden hand likely sitting above 153, let’s look at what FIBOS are showing for 139.58-153.15… closet is just below 150

[SF Monedge]

GVI that EurGbp buying could be seen in the implied volatility I mentioned earlier and it was the same yesterday.  There is too much apprehension across markets and so the major is highly unlikely to sustain but some crosses may.  You have seen delay quite a bit in your time for certain.

[GVI Forex 2]

EURGBP buying is back… Kept GBPUSD below 1,30 and EURUSD propped around 1.08

[GVI Forex 2]

Weaker commodity currencies led stocks, at least so far today

[GVI Forex 2]

Weaker commodity currencies led stocks, at least so far today

[SF Monedge]

I am expecting EurUsd to run into trouble around 0805. The caveat is Yen.  Yen futures are strong again but EurJpy is in areas where a bounce should be expected.  For now I favor the sell side of EurUsd with zero apprehension to adjust.  Contracts changing hands in Euro futures are decidedly on the sell side at present with options strong on the call side, with forwards strong on the buy side.  So a bit dicey but let us see how this plays out.  I am already in.

[SF Monedge]

I am more active with comments today for two reasons:

1.      I hope to help people by demonstrating there is more to this than moving averages.

2.      As a former, key word former, CTA, I am interested possibly in helping people who could use some help.  I may be contacted through Jay with GVI.

[GVI Forex 2]

SF,, where did you hear/read this?

That would be contrary to popular opinion of Usd dropping.

[GVI Forex 2]

SF,S, where did you hear/read this?

That would be contrary to popular opinion of Usd dropping.

[SF Monedge]

If AudUsd is going to have an issue it should be around 6625.

[SF Monedge]

Those Aussie shorts in AudUsd and AudCad are looking good.  That would be contrary to popular opinion of Usd dropping.

[michael Calif]

repost:    Law of Time is Long Yen futures     :gtwo3

[SF Monedge]

European fix in 10 minutes, that often causes reversals or continuations that stick.

[SF Monedge]

Side note – I want my tax dollars back.  And this is a major economic issue affecting your forex trades.  This liberal administration is sworn to protect the US but they intentionally invited in 16.8 million illegal aliens in an attempt to buy future votes, which is creating dramatic and historic economic unrest and crime increases.  I want money back and I want them on trial.

Now, back to markets.

[SF Monedge]

Contrary to popular belief, the stocks running the show today are not S/P or Nasdaq, it is Dow.  It is affecting USD.  Look at which stocks count today.  Tesla knocked it out of the park.  The reaction is delayed because the market in general was confused.  Things are taking time to mature.

[GVI Forex 2]

Good call SF… a touch of risk off but stocks are still above yesterday’ low

[Author]

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