[GVI Forex]

EURUSD 4 HOUR CHART – LEVELS TO WATCH

AS THIS CHART SHOWS:

1.1120-40-90-1.1201

(1.1100 is pivotal) – 1.1075-1.1040

(Note GBPUSD dip just now as EURUSD popped higher)

[GVI Forex]

[GVI Forex]

So let’s say it like this…

We are all waiting for a jobs report that will be revised in the following month and then further revised down the road as we saw recently (by 818k jobs lower) and multi-billions will be traded on it.

And markets assume the Fed will base its rate decision on the data!

[Mtl JP]

early worm and the bird

fwiw — posted earlier:
curtesy zh: “Unknown Traders Put On Huge Bet Jobs Report Will Be So Hot, It Sends 10Y Yield Above 4.00%”

[Mtl JP]

GVI 7:12 – What jobs numbers would reverse the markets

4.1% jobless rate,  175k upward revision

Or continue

4.3% 120-140k

No revision

[GVI Forex]

SYDNEY, Sept 6 (Reuters) – Asian shares struggled for direction while the yen jumped on Friday, as investors remained on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world’s largest economy.

Oil prices are staring down their worst week in more than a year to hover just above a critical chart level, with their near-term fate depending on the payrolls report due later in the day.

Markets on tenterhooks ahead of key US jobs data, yen jumps

[GVI Forex]

US yields as a reference: 10 year currently 3.702% (lowest level in this current move)

[GVI Forex]

US yields as a reference: 10 year currently 3.702% (lowest level in this current move)

[GVI Forex]

Long wait until the US jobs report

Some pivotal levels to watch

EURUSD 1.1140 (1.11 is pivotal)
USDJzPY 141.68 (142 will be pivotal)
GBPUSD 1.32 is also pivotal
AUDUSD .6750 is also pivotal

By pivotal I mean will eventually set the tone and bias to trade.

[GVI Forex]

What is The Amazing Trader?

 

[michael Calif]

don’t trade the news, the numbers will be fake anyway  –  trade the time sequencing charts; sell any SP500 rally, buy any USD decline    :gtwo3

[GVI Forex]

KEY POINTS
Wall Street is gearing up for one of the most important economic releases of the year Friday.

The consensus is for the nonfarm payrolls report to show growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.

Markets are certain the Fed will start lowering interest rates in a couple weeks, with the possibility of a jumbo cut depending on what Friday’s report shows.

Friday’s jobs report for August is going to be huge. Here’s what to expect

[GVI Forex]

Summary
Dollar down 5% from 2024 highs

Investors bet on big US rate cuts ahead

Dollar decline overdone, some strategists say

Strength of US economy key to dollar
trajectory

NEW YORK, Sep 5 (Reuters) – The U.S. dollar’s decline is gaining speed as anticipated interest rate cuts by the Federal Reserve threaten to end the greenback’s years-long period of strength.

Investor bets shift as dollar weakens with looming Fed rate cutsNeed to talk to

[michael Calif]

BTC futures are concluding a time vibration Low – prices shoiuld struggle higher from around here.    :gtwo3

[GVI Forex]

US500 ONE HOUR CHART – WATCH 5500

The battle is on at 5500 with the bears holding the upper hand and bulls needing to get back above it to slow the risk… back above 5553-7 would suggest a shift in risk.

In any case, it is all about Friday’s Us jobs report and how it ends the wek vs 5500 would set the stage for the following week.

[Mtl JP]

EURO 1.1111
Looks like wants to test todays high

[michael Calif]

the time vibration sea change of higher Yen futures from early July confirms him   …   for now.

 

 

 

:gtwo3

[GVI Forex]

USDJPY 143.25

As I posted earlier

I got this in an email yesterday from the long-time, highly respected Global-View member that I have nicknamed the Savvy Trader for his USDJPY calls (note, I am just the messenger)

I believe you said once keep doing something until it no longer works

So keep selling rallies target is 128-132
Clearly everyone keeps on doing the opposite as evidenced by price action

[SF Monedge]

Please allow me to qualify this.  There were only 420 in the world with my qualification and half of them retired.  Have a good attitude.

[michael Calif]

bigger picture:    EURUSD began a new time vibration end of August aligned with lower prices from then.    :gtwo3

[Author]

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