[Mtl JP]

SF I like that dxy trgt, my measured trgt 104,80/85

[Mtl JP]

looks like there was a sly pause in enthusiasm for the usd

I would be happy to see dlrchf to 9074 ish or so

[SF Monedge]

There is no way Dxy is holding below 104.40 today, more likely to close around 104.75.

[SF Monedge]

AdvanceDecline ratio is at a dead stop with Trump speaking at present.

[Mtl JP]

New Risks. New Opps for Profits
–
Headlines now excitedly screaming that 2024’s Elections Could Bring New Risks. Isn’t that exciting ?

THE HILL 2024 * Elections and Decision Desk HQ The Hill’s ultimate hub for polls, predictions, and election results. Biden vs. Trump polls

[GVI Forex 2]

NAS100 4 HOUR CHARTT – 18000?

NAS100 continues to retrace where, similar to US500, pivotal levels are probably more important than technical levels.

In this regard, 18000 is such a level in case the downside picks up further steam.

[SF Monedge]

AudUsd and AudCad should hold near the lows and Gold as well with what I am seeing at present, should be more visible around the bottom of the hour.

[GVI Forex 2]

USD catching a bid on the risk off mood. EURUSD is back to 1.0850. Another day another whipsaw.

[SF Monedge]

Among other things in our metrics..Puts are stronger than calls for Loonie so preference is the sell side up around current levels in futures and thebid on UsdChf spot.

[SF Monedge]

Tnx (cgi) should hold 44.60 area at least for the day.

[GVI Forex 2]

US500 DAILY CHART – 5200 TARGETED?

AS i POSTed THE PAST FEW DAYS IF THE DOWNSIDE PICKS UP STEAM 5200 WOULD BE A TARGET. sO DAR, IT HAS CIOME CLOSE BUT YET TO TEST THIS LEVEL.

As noted below, a Chicago PMI miss has been the catalyst for the drop in equities.

See if the dollar reacts to the risk off mood.

[Mtl JP]

things now appear to be turning pro-usd

lets see if it lasts or if nigel jubbs is having bit of fun

[GVI Forex 2]

Stocks took a hit after a downside miss in Chicago PMI

See our Economic Calendar

[Mtl JP]

earlier euro and gbp were prancing uP in tandem
which is no guarantee of further prancing in tandem

lets see what post 10:30 ish brings

[SF Monedge]

Rates are liking the bid here on UsdChf near the figure.

[SF Monedge]

UsdChf is reaching at these levels for the offers.

[Mtl JP]

DLRCHF 9017
–
I am biased
looking for signal to buy usd.
fwiw Pivot 1 S at 9010

[SF Monedge]

Euro is running out of time.

[GVI Forex 2]

EURGBP 30 MINUTE CHART – MONTH END?

As I posted earlier,

As I noted, month-end flows can be a factor, especially in EURGBP, which is firmer.

Note, I have seen month-end flows reverse during the day so keep an eye on your charts

To suggest an order the other way, .8515 would need to be broken.

In any case, keep an eye on this cross as the 4 PM London fix approaches.

GBPUSD, meanwhile, has regained a bid after EURGBP came oiff its high.

[Mtl JP]

EURO 1.0869 ahead of 10am
–
mini bullish atm, 1.0890/95 Res

after 10 / 10:30ish … new game

[SF Monedge]

Internals in stocks are bid for the moment pre-next data.

[GVI Forex 2]

US 10 year is back to 4.50%

A combination of month-end and relief after data have created another whipsaw.

EURUSD (1.0872) would need to close above 1.0895 for an outside week key reversal. Otherwise, watch 1.0850 to set continue to the tone.

[SF Monedge]

Sterling is more bid and Euro more offered in my metrics this morning.

[Belgrade Bobby]

Incoming Data

Economic Data Calendar 

 

[Belgrade Bobby]

DXY: Dollar Index Pares Back Gains to Float Under 105 Ahead of Key Inflation Data

 

KEY POINTS:

·         Dollar index sinks below 105.00.

·         US GDP data slides below calls.

·         Fed’s inflation gauge coming up.

[Belgrade Bobby]

EURUSD Daily

Support 1.08400, 1.08200 & 1.08050

Resistance 1.08550, 1.08700 & 1.09000

If the pair reaches above 1.08550 , this will start to be a very Bullish formation…

[GVI Forex 2]

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

Wall Street looks set to end the shortened week slightly punch drunk, with Friday’s May inflation update set to be a decider after a slew of conflicting economic data signals and the latest election twist.

Morning Bid: PCE test for nervy markets

[GVI Forex 2]

USDCAD 4 HOUR CHART – OUTPERFORMING

Having failed to test 1.3743, USDCAD is testing its downside and so far an outperformer..

Whether month-end USD selling is a factor would only be a guess.

In any case, the bottom of the range is at 1.3590-136,14 with 1.3650 likely to set the tone as the day foes on.

As with other currencies, US PCE is the next key focus.

[GVI Forex 2]

EURUSD 4 HOUR CHART – MONTH END OR MORE?

EURUSD getting a boost out of its crosses (EURGBP, EURJPY) after holding above 1.08 earlier today.

On the upside, 1.0851 = 61.8% FIBO and 1.0859 is the key level as only above it would confirm the low is in.

As I noted, month-end flows can be a factor, especially in EURGBP, which is firmer.

How do we know there is a cross-flow?

EURUSD is a touch firmer and GBPUSD is a touch weaker.

Note, I have seen month-end flows reverse during the day so keep an eye on your charts

The key focus is on US PCE but expect month-end flows to take over on the approach to the 4 PM London fixing.

[GVI Forex 2]

USDJPY 4 HOUR CHART – Wasd there intrervention?

WHETHER IT WAS INTERVENTION OR NOT YESTERDAY, THE M OVE DOWN HAS PROVED SHORT-LIVED.

On the upside, 157.50-00 remains a nervous zone for the BoJ/MoF as a break of the top end would leave a void until the 160.16 high.

If the goal is to create a 2-way risk, USDJOY needs ti stay below 157.70.

nOTE WEAKER JPY IS EVIDENT ON ITS CROSSES (E.G. eurjpy, cadjpy, audjpy)

[Author]

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