[GVI Forex 2]

What happens after a low or high is in?

Once markets assume the bottom (top) is in or at least a pause, the question is whether the subsequent reaction off the low (or high) is a retracement or the start of a reversal of trend.

Levels that caught my eye are lows at EURUSD 1.1500 and US500 (on my CFD feed) 7350.

Use FIBOS for retracement levels and I personally use Amazing Trader charts and logic to identify key game changing or momentum breaking levels

 

[GVI Forex 2]

Newsquawk Daily US Opening News – 9th June 2026

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Forex Market Snapshot

The dollar is trading weaker as it follows the general risk on tone

NZD, GBP and EUR (while above 1.1440) outperforming while the JPY is lagging (unchanged with USDJPY staying close to but above 160.

Otherwise, another headline watching day with the hope trade (that war will not escalate) taking over.

[GVI Forex 2]

XAUUSD (GOLD) 1  HOUR

On the sidelines consolidating between 4312-53, a range that is too tight to last for long.

To confirm a break in momentum, 4353 and the trendline would need to be broken.

On the downside, only a break of 4268 would  trigger fresh sell stops  and  another bout   of liquidations.

[GVI Forex 2]

• Market Update

Is te hope trade back?

Markets correlating with weaker oil.

EURUSD: With 1.15 holding yesterday, 1.1550 is now pivotal

US500: Retracement or is the bottom in?

 

[Mtl JP]

GVI 6:28 “Stalemate in the war: Tit-for-tat without escalation”
as you often say too long in range to last. why ?

“Bibi needs the war to continue to stay politically alive in Israel, and Trump needs the war to end to stay politically alive in the U.S.” – Axios’ Barak Ravid

And so the bet is if “Prez T told Axios in a phone interview that he’d warned the Israeli prime minister if he went back to war with Iran, he might find himself fighting alone.”

[GVI Forex 2]

Newsquawk -highlights-for-the-week-ahewad-8-12th-june
–
Newsquawk Week in Focus (8-12th June 2026) Highlights include US CPI, OPEC, AAPL WWDC, BoC, ECB, UK GDP and Chinese inflation

Click for detailed previews

[GVI Forex 2]

COMING UP: Data: South Korean GDP (Q1), Australian Westpac (Jun), Chinese Balance of Trade (May), German Balance of Trade (Apr), Imports (Apr), Mexican Inflation (May), US ADP Weekly Change, Exports/Imports, Atlanta Fed GDP, Existing Home Sales (May), Wholesale Inventories (Apr), Canadian Exports/Imports (Apr). Events: EIA STEO (Jun). Speakers: ECB President Lagarde. Supply: Netherlands, Germany, US
MARKET WRAP )Newsquawk)

[GVI Forex 2]

Newsquawk US Market Wrap – 8th June 2026: Tech rebounds and oil pares overnight gains as Trump pushes de-escalation

SNAPSHOT: Equities up, Treasuries flat, Crude up, Dollar flat, Gold flat

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US500 – NAS100

Similar patterns where a case can be nmade that the bounce off the lows should be limited unless/until US500 7500 and/or NAS100 30K are regained.

US500                                                              NAS100

[GVI Forex 2]

Market Update

STalemate in global markets.

Stalemate in the war: Tit-for-tat without escalation

EURUSD                                   US500                                         XTIUSD

[Belgrade Bobby]

EURUSD Daily

Resistances: 1.15500, 1.15700 & 1.16150

Supports: 1.15300, 1.15000 & 1.14450

Intraday pressure – Shifting to Down if this Hour closes below 1.15400

[Mtl JP]

BITCOIN
with spacex coming to market with its $75 billion IPO of which 25% of shares will be peddled off to US retail investor … qtn is where will the peasants likely find some funds to get in on the new hot thing goldrush if not by dumpeneering some BTC (or some other similarly performing dogs)

[Mtl JP]

GVI 1:57 on its h/page page cnbc headline screams that
“Household worries over finances hit highest level since July 2022, New York Fed survey shows”

that …”the general perception of conditions deteriorated.” and that
Consumers will get their next inflation reading Wednesday when the Bureau of Labor Statistics releases the consumer price index for May. and that The Federal Open Market Committee makes its next interest rate decision on June 17. Markets are pricing in almost no chance the committee will lower benchmark interest rates.

sidenote: prez T has been screaming at kevin to lower rates

[GVI Forex 2]

NAS100 4 HOUR

Day after an earthquake here as well

FIBO fans will treat the bounce as a retracement but perhAps more important is that 30K+ is needed to restore a bid.

First key leve;l is 30224.

On the downside, only sub-38735 would trigger fresh stops and more liquidations

[GVI Forex 2]

US500 (SP500) 4 HOUR

Day after an earthquake.

Rebound off 7350 would need to trade back above 7500 to regain a bid but only above 7571 would fully negate the downside risk.

[GVI Forex 2]

BoA warns

BofA warns investors to take profits due to too many red flags across markets

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US 10 year yield: Now down sl;ightly on the day, weighing on USD and supporting risk

[Mtl JP]

pseudo-agreed: parties appear to agree but really have a disagreement.
ie one lies for convenience

so for a while it works

 

[GVI Forex 2]

 

Risk also getting a lift from this headline

Iran’s armed forces announce end of military operations against Israel, warn of harsher attacks if Israel resumes attacks on Lebanon, Fars reports (Newsquawk)

[GVI Forex 2]

Correlation: Risk and bond yields (10-year yield still up slightly on the day but off earlier high (red arrow), giving risk a liuft

[Adam Global]

ßitcoin 📈 found support on $60K

$64K now is resisting 📉

[GVI Forex 2]

Risk on gets a lift on this headline

Israel and US conveyed a message to Iran that there will be no further attacks if Iran does not fire again, Al Jazeera reports citing Israel Hayom sources (Newsquawk)

[Adam Global]

USDJPY rejecting 160.50 but 160.00 could support 📈

[Adam Global]

Us500cash finding support on 7350.00

[GVI Forex 2]

Newsquawk Daily US Opening News – 8th June 2026

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Market Update

[MARKET UPDATE] Modest risk-on; Brent crude slips around USD 0.50/bbl, as US President Trump posts “Israel and Iran must immediately stop “shooting” (Newsquawk)

EURUSD                                  US500                                         XTIUSD

[GVI Forex 2]

XAUUSD (GOLD) DAILYT

Remains under pressure with current low at 4268 and psychological 4200 syanding in the way of major support at 4098

At a minimum, 4350+ would be neede3d to slow the risk.

[GVI Forex 2]

Fprex Market Snapshpt

The dollar remains on a firm fotting after an earlier dip failed to attract follow through.

Key focus is on fresh US-Iran-Israel attacks anbd rising bond yiuelds.

CHF is si far an underperformer. EURUSD focxus is on 1,15

[Adam Global]

Sell 📉 GOLD💛 & aim for 4255.00

D.Trump 🆚️ ß.Netanyahu are on each other’s throats

🇺🇸 wants a deal 🇮🇱 wants a war

[Author]

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