[GVI Forex 2]

EURUSD 4 HOUR CHART – 1.1050 Sets the tone

On this chart 1.1030 is a key support, 1.1095 a key resistance.

Here is the EURUSD update in our Weekly FX Chart Outlook
‘
Assuming the high is in at 1,12, what is the risk on the downside?

Start out by using 1.10-1.12 as a range to the post summer market with 1.11 as the neutral mid-point and the ultimate bias setter for this currency.

Currently, 1.1050 will set the tone if trading between 1.10-1.11 but expect a limited upside unless 1.11+ is renewed

See our Weekly FX Chart Outlook

[GVI Forex 2]

USDJPY 4 HOUR CHART

Trying to build momentum after breaking a pattern around 145 but as the chart shows it faces layers of resistance ahead of the key level at 149.39.

So, keep your eye on 146.50 as this is the level it needs to trade above to suggest a further risk to the upside.

[SF Monedge]

I was very sharp last week and did not trust my instinct at the last minute Friday and coughed up 1/3 ..Ok get back in the fight

I traded exactly what I told you to not do just to make sure I am right.

 

[Mtl JP]

US ELECTION AS TRADING THEME
–
When can one expect markets to start to trade on odds of next w/house inhabitant ?

Don’t Look Now, but Trump’s Back to Being the Favorite – NATHAN SILVER

[michael Calif]

Law of Vibration has arrived at a turn lower for SP500  …  use amazing trader for Sell entry levels    :gtwo3

[GVI Forex 2]

THIS WEEK’S MARKET-MOVING EVENTS (all days local)

The Bank of Canada on Wednesday is expected to cut its policy rate by 25 basis points for a third meeting in a row, this despite better-than-expected second-quarter growth of 2.1 percent. The US employment report on Friday is the other big event, expected to rebound 160,000 for nonfarm payroll growth following July’s disappointing 114,000 gain.

Other data will include Swiss consumer prices and GDP on Tuesday, both expected to remain unchanged at 1.3 percent year-over-year and 0.5 percent quarter-over-quarter, respectively. German manufacturing orders on Wednesday are expected to fall back in July after jumping higher in June with German industrial production on Friday likewise expected to fall back after rising in June.

Econoday

[michael Calif]

repost from last Sunday:    law of vibration calling for higher 10yr rates for the time being.    :gtwo3

[GVI Forex 2]

BTC DAILY CHART – GLASS HALF EMPTY OR HALF FILLED

i t may be a matter of looking at your glass half empty or half full after BTC held a test below 50K but failed to get back above 65K.

Personally, if I was a BTC bull (for the record I do not trade cryptos) I would be disappointed that it has not been a safe haven that followed gold to a record high

In any case, the current range is just outside 55K-65K with 60K clearly pivotal in setting its trading tone.

[GVI Forex 2]

Summer is over – USD shorts got washed out – New ball game.

Weekly FX Chart Outlook: September 2. 2024

[GVI Forex 2]

Newsquawk.com Week Ahead: Highlights include US NFP & ISMs; BoC rate decision, Canada jobs; Australian GDP and Swiss CPI

[michael Calif]

as posted Sunday last, the law of vibration projected lower Euro and Yen futures prices during this week.    :gtwo3

[SF Monedge]

There was context recently in discussion about the value of the US Dollar Index x

Risk management is vital.  When trading.  The economics are ar reflection.  When trading Yen I found as a Quant, it becomes math.  I zlso found that perception is almost impossible to quantify.

Result? In Irony … go with what you see but not in a fierce fahion.

[GVI Forex 2]

Goldilocks market?

Summary

Economic data supports expectation of 25 bps cut in September

Marvell jumps after forecast beats estimates

Ulta Beauty tumbles following annual forecast trim

S&P 500 +1.01%, Nasdaq +1.13%, Dow +0.55%

Aug 30 (Reuters) – Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.

Dow notches record high close after upbeat economic data

[SF Monedge]

Risk management is vital.  What matters as much is a word can’t say in public.  Use your intuition.

When trading.

But be sharp about it.

[Mtl JP]

DLRx 101.67

butting up against downtrent t-line drawm from 30 of 7th
on the daily chart

[Mtl JP]

10-yr 3.903%
https://www.cnbc.com/quotes/US10Y

suddenly going vertical up on the day

[GVI Forex 2]

End of month…end of summer (ugh)… end of USD downtrends or end of summer squeeze?

Thanks Michael for your timely alerts

[Mtl JP]

DLRx 101.63

more than 9 pips past 50 …
short natives getting nervous, anxious …

[Mtl JP]

as jules maigret might say “intéressant” :

WASHINGTON, Aug 29 (Reuters) – U.S. Defense Secretary Lloyd Austin has approved a request to provide the Secret Service with additional military support capabilities for presidential and vice presidential candidates for the upcoming election, the Pentagon and the Secret Service said separately on Thursday.

[michael Calif]

law of vibration is continuous and ever-changing; almost never the same turn point twice in a row.    :gtwo3

[Mtl JP]

… law of vibration … and its frequency

how different or similar is it to cycles / cyclicatility ?
tia

[Mtl JP]

I think ZERO – mathematical 0 – is most powerful.

invetion / use of zero is variously credited accross history and the world.

probably most credited are Persians

[michael Calif]

Sunday repost:  …   law of vibration projects lower Euro and Yen futures prices starting anytime this week.    :gtwo3

[SF Monedge]

I am beginning to believe in the Power Of 50.

[Mtl JP]

DLRx 101.44
Showing little leg, but mixed vs bag of ccies.

Re jobs: I am guessing market is noticing workers are somewhat prudent if not outright anxious about jobs especially on the lower end of the pay scale.

With all calendar data now out of the way for today players are likely to focus on closing shop without much radical price volatility ahead of the weekend. Be enough opp to yingyang pricing next week starting Wednesday and the Friday.

DLR may close a little bit on the friski but it does not look ambitious – bit of a t/p into the close would not be a surprise – at least not to me.

Res 101.50 (eh Jay what have you to say ?)
Sup 100.70

[SF Monedge]

The life of a trader…you were up at 2:30am chasing trades and your wife is shaking her/its head, only to wake up hours later looking at the fight that took place in your account.  Yay I got it rifght.  And what do you do?  Go on an 8 mile power walk/sprint, protect some kid you’ve never seen before with your Shaolin skills, get back to safety, and take a nap and get back in the ring.

And you say … man that ___ can fight lol.

Still standing.  Market call pending in a few lol

[GVI Forex 2]

FWIW it looks like some EURGBP (month end?) buying is giving some support (also by holding above 1.1050) to EURUSD.

I find this cross tends to be active at month end… keep an eye on the 4 PM London fixing

[GVI Forex 2]

USDCAD 4 HOUR CHART – LOOKING AHEAD

Some logic to the USDCAD bounce ahead of next week’s BOC meeting where a rate cut is expected.

Also, weaker oil prices may be a factor as well.

Key levels 1.35 (pivotal) and 1.3515 resistance.

Minor intra-day support 1.3480.

[GVI Forex 2]

As I type GBPUSD just ran stops beoiw 1.3144-45…USD up elsewhere as well

[GVI Forex 2]

Maybe those still short USD from earlier in the week were hoping for a PCE down surprise to hekp bail them out.
‘
Whatever the case, EURUSD is still above 1.1050 and GBPUSD above but closer to that 1.3144 level.

[Author]

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