[Belgrade Bobby]

Nasdaq – NDX rise on prospect of Big Tech results, Fed decision

The Nasdaq and the S&P 500 rose in choppy, range-bound trading on Monday as investors looked forward to a raft of upcoming triggers such as Big Tech earnings, a Federal Reserve policy decision on interest-rate cuts and key labor data.

[Belgrade Bobby]

Tesla, Inc. (TSLA) saw its stock rise by 5.6% to $232.15 after Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and maintained a $310 price target.

Tesla plans to make 2.77 million cars by 2025, focusing on cheaper models priced at $30,000. Despite higher revenue, its EPS fell short, dropping its stock to $219.80, an 11.52% yearly fall.

[GVI Forex 2]

BTC 4 HOUR CHART – 70K tested and then….

 

What can I say, as the chart shows BTC ws setup for a run above 70K and was quickly repelled.

To keep it simple, use 65k-70k as a range, only a break of the lower end would confirm the 70K failure

[Belgrade Bobby]

Nvidia – NVDA

Nvidia Corporation (NVDA) saw a 259% gain over 13 months, driven by bullish trading strategies focusing on technical and valuation metrics.

Nvidia’s stock soared 130% in 2024, fuelled by Al excitement, even as investors shifted from high-value stocks to small caps due to market responses to Tesla and Alphabet earnings.

Nvidia stock rose in premarket trading, gaining 0.79%, then 0.6% after a previous 0.7% increase, as investors awaited Al comments during tech earnings.

[SF Monedge]

I predict, unless there are illegal vote riggings or some other sudden “surprise” such as an unexpected war days before the election, that Trump will obliterate the leftists gunning for power.  I live in a very liberal area just north of San Francisco, which is highly liberal.

 

If you read the comment sections of the area media sites, they are overwhelmed with people calling for the “destruction” of the democrat party and they want Biden and his entire administration in prison and facing charges of Treason.  A complete 100% shift from years 4 ago.

[SF Monedge]

I have an increasingly hard time believing EurGbp trades agressively under 6410 near term.

[Mtl JP]

THIS is soooo …. brutal, barbaric

How DARE they !

EU diplomats ordered to cancel parties after budget crunch

The EU’s external action service, in effect the bloc’s foreign ministry, has been told to cut €43mn — almost 5 per cent of its planned budget — after breaching agreed spending limits, said five officials briefed on the demand. …

psst: suggest to put you depends if u r going to click the link

[SF Monedge]

Taking the sell side of Yen pairs coming up shortly.  I hope some of you guys bought defense stocks last week or so when I thought it looked good.  Lockheed blasted uphill highly robust about 48hrs later.  We are in very dangerous military waters at present.

[SF Monedge]

I would consider selling UsdSgd (Singapore) in the 3450/60 area if seen.

[SF Monedge]

I see reason to sell UsdChf if it roams about another 20 pips or so higher.

[SF Monedge]

Gold and Aussie are stacked on the buy side in calls, take the lows if you like the risk.

[SF Monedge]

See sell side interest in Peso at UsdMxn 18.6840 right here

[Mtl JP]

10:00 am NYT

expecting “nothing” much
in terms of magnitude moves

[GVI Forex 2]

EURJPY 1 HOUR CHART – SUPPORT LOOMS BELOW

 

[Belgrade Bobby]

I agree ! You just can’t see any life in EURUSD and moves are so muted that it hurts

[Belgrade Bobby]

EURUSD Daily

1.08150 is the Key

[GVI Forex 2]

BTC WEEKLY CHART – 70K ON THE RADAR

 

BTC is up around 29% from its 53511 low and needs to trade above 70K to put the 73844 recrod high on the radar.

ReSistance is at 70195 and 72029 ahead of it.

A failuRe to take out 70K decisively and then back below 68K would be needed to slow the threat.

[GVI Forex 2]

1 + 1 does not equal 2 day?

Stocks up

Bond yields down

USD up

[Mtl JP]

my biased musing:

I like DLRx to 105.0+ smidgen

[Mtl JP]

the other half is “direction” (and amplitude)

[Mtl JP]

… but for how long …

is only one half of the qtn without an answer sofar

10-yr 4,16%
DLRx 104.25

EURO S at 1.0825 (200dma 1.0820)
I am biased:
IF S breaks down 1.0775/25 comes on target radar

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets

Things are feeling calmer on Monday morning, though we will see how long that lasts as it’s going to be an action-packed week.

Morning Bid: Calmer, but for how long?

[GVI Forex 2]

EURUSD came with a pip of 1.0871 resistance before reversing to come within a haor of redent 1.2825 support.

Note how 1.0850 is setting its tone.

AUDUSD lagging and trading both sides of .6550. Aussie CPI report is due on Wednesday and will be watched closely as RBA as interest rates are seen on hold for the foreseeable future.

[GVI Forex 2]

USDJPY DAILY CHART – WEEKLY OUTLOOK FROM THE GLOBAL-VIEW.TRADING CLUB

The retreat from 161.93 has seen broad unwinding of short JPY position before a pause on Friday. Watch AUDJPY, which has been a leader.

151.84 tested (double bottom) which suggests

152-155 as a potential range ahead ot the key BOJ decision on Wednesday with the upside limited as long as 155 holds.

Watch the 200 day mva (yellow), especially after thge BOJ

How the market reacts will depend on

Whether there is a surprise (e.g. no rate hike) or

How much is already discounted

[GVI Forex 2]

GBPUSD DAILKY CHart – POSTED IN THE GLOBAL-VIEW TRADING CLUB WEEKLY CHARTS

The key event will be Thursday’s BOE decision where a rate cut is possible in what will be a close call.

1.28-1.29 is the current range with THE KEYBTREBDLKINE AND retracement level below 128 and 1.30 on the radar if above 1.30.36

1.2777 SUPPORT IS ALSO 61.8% OF 1.2612-1.3044 SO THE LEVEL THAT NEEDS TO HOLD TO MAINTAIN HOPE THAT THIS IS A RETRACEMENT.

[Belgrade Bobby]

EURUSD 4h

Supports : 1.08400 , 1.08250 & 1.08150

Resistances : 1.08550 , 1.08650 & 1.08750

As I said last night, test of Supports is first in cards.

1.08050 is a Key level – Below opens a road to 1.06800

However if it holds, we’ll be continuing the journey Up.

[Mtl JP]

“Wednesday is the key day”
everybody knows that everybody else knows the same thing

including that the FED gang knows that 99% of market thinks AND has priced in that the FED stays pat

SOoooo … how do you game THAT eh Pierro ?

[GVI Forex 2]

Wednesday is the key day, BOJ, FOMC, month end

Monday=Tuesday will be like a sparring match waiting for the key ecebts.

[Belgrade Bobby]

There was a gap – until Durant entered….

[GVI Forex 2]

No weekend gaps

[Author]

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