[GVI Forex 2]

US500 DAILY CHART – FIBOS

Given how equities are setting the risk tone for the FX market, stocks should continue to be a focus.

The sharp move up, which did not reach its record high, has left little in the way of obvious supports.

This leaves 5500 as a bias setter with FIBO levels being potential supports.

[Belgrade Bobby]

EURUSD 4h

Borders of a current channel : 1.10250 – 1.10750

Supports : 1.10500, 1.10400 & 1.10250

Resistances : 1.10650, 1.10750 & 1.10950

Pattern wise : we should see Upticks in next 4h

[GVI Forex 2]

USDCAD DAILY CHART – WAITING FOR THE BOC

USDCAD continues to recover ahead of the BOC decision, where a 25bps rate cut is widely expected.

With little on charts until 1.3738, let’s take a look at retracement levels using our FIBO CALCULATOR

[GVI Forex 2]

A look at the day ahead in European and global markets from Rae Wee

Markets in Europe are set for a rocky start on Wednesday after Asia stocks were left in a sea of red, as worries over the global growth outlook resurfaced and as the blistering AI rally hit yet another speed

Morning Bid: Markets reckon with familiar September pain

[GVI Forex 2]

Tuesday was a good example of

The reaction to news is more important the need itself

[Belgrade Bobby]

test2

[Belgrade Bobby]

test

[GVI Forex 2]

BoC rate decision is the highlight on Wednesday

See detailed previews

WED: BoC & NBP Policy Announcements; Australian GDP (Q2), Chinese Caixin Services PMI (Aug), EZ & UK Composite/Services Final PMIs (Aug), EZ Producer Prices (Jul), Canadian Trade Balance (Jul), US Durables Revised & Factory Orders (Jul), JOLTS (Jul)

[michael Calif]

Jay  –  let’s get to a point where Global-View is the #1 look-see for the Street    :gtwo3

[GVI Forex 2]

street selling equities is not spec driven but real money lightening up.

Of may be just a matter that they tuned into Globsl-View and read Michael’s S&P call.

[Mtl JP]

DLRx 101.82 – prev high 101.847

currently RESistance, however weak or not

[GVI Forex 2]

US500 4 HOUR CHARTB – ONE WAY TUESDAY

It has been one-way today as mood turns to risk off.

Using this C.FD chart, .5542 is support with a risk for .5500-11 if firmly broken.

Back above .5580-00 would be needed to to ease the risk.

[GVI Forex 2]

AUDUSD DAILY CHART – ALL ABOUT RISK OFF

Targeting .6697 while below .6751

Firm break of .6697 would suggest the high is in for now.

Above .6697 would be needed to keep .68+ on the radar.

[michael Calif]

JP – tough to say as this is a time not distance vibration.  next possible turn is early Oct.

[Mtl JP]

DLRx 101.75 / 10-yr 3.846 at 11.12nyt

Concensus says nothing more important this week than Fr’s NFP for market to re-asses FED,s expected rate action on sept 18th which, sofar, have not changed.

In reference to current DLRx’s enthusiasm: puppy s showing a (little) bit of leg and may continue to bounce a little more higher still. But … the dollar is subject to us int rates which, under current market mood, are a counter weight.

12:45nyt – ECB nagel yaks

[Mtl JP]

…”Law of vibration & SP500 lower” …

what can be said about the down vibration’s amplitude ?

tia

[michael Calif]

Sunday repost:    law of vibration has reached a turn lower for SP500    :gtwo3

[SF Monedge]

Long weekend, something intelligent pending lol.  All good.  Forex you better be tough.

[GVI Forex 2]

Risk off continues, mixed ISM PMI and its components

Oil still cratering

EURUSD up on bounce in EURGBP (but below 1.1065) and GBPUSD slipping

USJPY down, commodity currencies down

Have I said enough other than it i start of post-summer trading

addendum… EURUSD now joining in

[Mtl JP]

Bond yield SLIPPING = DLR down
direct correlation

[GVI Forex 2]

US BOND YIELDS SLIPPING, MAY BE WEIGHIBG ON THE USD

[GVI Forex 2]

XBRUSD 4 HOUR CHART – Oil takes a dive

On this CFD feed, XBR continues to slip and faces a key support at 75.89

[Belgrade Bobby]

EURUSD 1h

Strategy that I posted yesterday worked more than well today.

Read HERE

Pair came exactly to the Support line at 1.10340

Resistances : 1.10450, 1.10600 & 1.10800

If Support is taken out, we can expect 1.09850 to be seen.

[GVI Forex 2]

Heatmap

AUDUSD => underperformer BREAKDOWN LEVEL WAS .6751, intra-day double bottom at .6730)

AUDJPY => Biggest loser

[GVI Forex 2]

JP, here is the key daily USDX trendline

[GVI Forex 2]

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

Wall Street gets September off to a late start with a holiday- shortened week that focusses squarely on the U.S. jobs market after last month’s unemployment rate scare sparked a mini panic.

Critical to that thinking will be the August payrolls report on Friday, with consensus forecasts for a pick-up in jobs growth to 160,000 last month and a retreat in the jobless rate to 4.2%.

Before then we get a whole heap of other labor market soundings – private sector surveys and layoffs data for August, July job opening numbers and another weekly jobless readout.

Morning Bid: Labor Day to labor report as Sept kicks off

[GVI Forex 2]

EURGBP 4 HOUR CHART – Downtrend consolidating

EURGBP, while consolidating between .8398-.8435, is lower today and this has weighed on the EURUSD (but still holding above 1.1030) while GBPUSD has followed with a lag.

So, if trading EURUSD and/or GBPUSD, keep an eye on this cross.

[Mtl JP]

SOME WAYS TO GO
Early birds ?

THE T-LINE DRAWN FROM 30 07 104.54 thru 15 08’s 103.05
has alraedy been broken but has yet to punch thru 101.85

10-yr at 6:19 AM 3.905%

My Theme: fearless markets vs fearsome bond market

[GVI Forex 2]

USDCAD 4 HOUR CHART – PRE-BOC JITTERS

As posted in our FX Weekly Chart Outlook
‘
‘Look for the focus to be on the BoC meeting on Wednesday where a rate cut is widely expected.

In the meantime, 1.35 is one of those pivotal levels that would need to be solidly renewed along with a break of 1.3515 to suggest the bottom is in for now.

Given the absence of nearby resistance after the straight line move down, use our FIBO calculator for retracements to find levels of potential resistance beyond 1.35..

[GVI Forex 2]

US ISM MANUFACTURING CHART

(Click on any item in our Economic Calendar to see a chart for that item)

 

[Author]

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