[GVI Forex 2]

AUDUSD DAILY CHART – CONSOLIDATING AROUND .6550

 

Having ended 9 down days in a row, AUDUSD has spent the past 3 days consolidating around ,6550.

Watch  .6550 as this level will dictate whether ,6500 comes under attack or the down move is over.

Next up is Aussie CPI on Wednesday.

[Belgrade Bobby]

This Week

Aside the Summer Holidays that slowed down everything , this week’s data makes it even worse…

Drawing lines on Charts is kind of a waste of time and empty expectations.

Being exclusively a Technical Trader, this is Hell for me….

It is difficult for me to explain it fully, but those of you who are long in this know – way how market moves ( or not move for that matter) is just wrong….Bars on smaller time frames are way too small, so even when right you won’t make much…but if they come for your stop it can be doubled…just like that…

Market is very light and all eyes are now locked on the Data.

[GVI Forex 2]

EURUSD DAILY CHART – WAITING FOR THE FOMC

 

Having paused above 1.08 yesterday EURUSD has bounced but would need to trade at 1.0850 to extend a 5-day pattern where this level has traded.

Whatever the case, logic says the dollar should have a limited upside once the focus shifts to Wednesday’s FOMC meeting but first has to get past the BOJ decision.

For day traders, little to go for unless either side of 1.08 or 1.0871 is taken out.

Otherwise, watch to see if 1.0850 can trade.

[GVI Forex 2]

WASHINGTON, July 29 (Reuters) – The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.

Fed likely to hold rates steady one last time as inflation fight finale unfolds

[GVI Forex 2]

USDCAD WEEKLY CHART – NEW 2024 HIGH

 

Having traded to a new 2024 high (1.38653, I went to a weekly chart to fimd

1.3896 – 2023 high

1.3977 = 2022 high

as the next key levels on the upside.

For day traders, 1.3850 will likely set its tone with support on deep dips as long as it trades above 1.38 but no stops left unless a new high is made..

Next key even is the US FOMC deision on Wednesday.

[GVI Forex 2]

USDJPY DAILY CHART – WAITING FOR THR BOJ

 

It will be a new ball game tomorrow when the BOJ announces its monetary policy decision.

In the meantime, the brief move above 155 overnight suggests this will be the focal point after the decision within a broad range of 150-152/158-160

The BOJ will likely be lurking in anY case

[Mtl JP]

Bingo !

US HOUSE BUDGET COMMITTEE

U.S. NATIONAL DEBT:
$35,001,687,141,663
JULY 29, 2024

more moRE MORE !!!

10-yr 4.171%

[michael Calif]

covering Shorts in Euro futures from July 18    :gtwo3

[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?

[Author]

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