[GVI Forex 2]

USDX (CFD US Dollar Index) DAILY

EURUSD (57.6% of the index) 1,17 is pivotal for USDX as well but still some ways to go (99.12) before a break out of the consolidation range would be at risk

[GVI Forex 2]

US 10 year bond yield… highest in almost a year… 4.50% is a pivotal yield level

[GVI Forex 2]

Market Update: Disconnect

EURUSD down – US500 up (tests record high, holding so far) – XTIUSD consolidating and bouncing off its low

EURUSD supports: 11691, 1.1676, 1.1655 should 1.17 fail to hold

EURUSD                           US500                                           XTIUSD

[GVI Forex 2]

XAUUSD (GOLD) `1 HOUR

A bit of a disconnect here as well with XAUUSD only managing to pivot 4700, which has now printed 6 days in a row.

Expect choppy range trading until 4700 is established as clear support or resistance.

Wide range 4638-4785

[GVI Forex 2]

Forex Market Snapshot

A bit of a disconnect with the USD trading firmer while US stocks firm as well (US500 retesting its record high, NAS100 still below its all-time high) and crude oil bounces after backing off from yesterday’s highs..

EURUSD has been an underperformer with EURGBP selling weighing on the currency while GBPUSD follows with a lag.

So watch the cross and EURUSD 1.17 (psychological) with key supports below it.

[Belgrade Bobby]

BTCUSD Daily

And this is the Daily channel it is in right now – Borders are: 76K – 85K

If 79.500 holds, Bitcoin can test higher once again…if not, 76K might be tested.

Overall, until world situation calms down, I am not expecting anything spectacular…

[Belgrade Bobby]

BTCUSD Monthly

Hi David 😀 Glad to see you back…This is Monthly – to paint a Big picture

[David Shepherd]

Hi Bobby it been a while

Please call this price retrace back to that last shaded area before the bullish move on btcusd?

Because my bias is bullish

[GVI Forex 2]

COMING UP: Data: Swedish Inflation Final (Apr), French Inflation Final (Apr), EZ Employment Change (Q1), Industrial Production (Mar), GDP 2nd Estimate (Q1), US PPI (Apr). Events: BoC Minutes (Apr), IEA OMR (May), OPEC MOMR (May), Riksbank Minutes (May). Speakers: BoE’s Mann; Fed’s Collins, Kashkari; ECB’s Lane, Lagarde. Supply: Australia, Italy, Germany, and the US. Earnings: Cisco Systems, Alibaba, Siemens, Deutsche Telekom, Allianz, E.On, Merck, RWE. (Newsquawk)

[GVI Forex 2]

Newsquawk US Market Wrap: Stocks swing as energy prices climb and tech sees profit taking

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

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR=

Same as US500:

See if the pattern of brief retracements followed by new record highs will be be repeated after the pause above key 283461 support..

If not, choice is consolidation (within 28660-29395) or retracement.

[GVI Forex 2]

US500 (SP500) 4 HOUR

Will history repeat?

Pattern of brief retracements followed by new highs will be put to the test after the downside paused above a key 7322 support.

So, it is either consolidation (within 7345-7435) or retracement unless a new record  high is made.

[GVI Forex 2]

Forex Market Update

USD coming off highs as US stocks bounce from lows

• EURUSD bounced from 1.1722… 1.1750 remains pivotal
• GBPUSD bounced from just above 1.35… resistance at 1.3550-55
• USDJPY remains in 157-158… BoJ threat restraining upside

EURUS                                  GBPUSD                                   USDJPY

[GV World]

May 11 Earnings Release Stocks

(CRCL) Circle Internet Group, Inc. reported first-quarter 2026 diluted EPS of $0.21 per share, surpassing the Zacks Consensus Estimate by 40%. The company generated total revenues and reserve income of $694.1 million, representing a 20% increase year over year. While GAAP net income declined 15% to $55 million due to higher stock-based compensation and continued infrastructure investments, Adjusted EBITDA climbed 24% to $151 million, highlighting strong underlying profitability.

(B) Barrick Mining Corporation reported first-quarter 2026 profits of $1.602 billion

[GV World]

May 11 Earnings Release Stocks

(HIMS) Hims & Hers Health, Inc. reported first-quarter 2026 revenue of $608.1 million, up 4% year over year, while adjusted EBITDA reached $44.3 million. The company posted a GAAP net loss of $92.1 million, impacted by approximately $48 million in one-time charges tied to its transition toward branded GLP-1 weight-loss drugs, which also pressured margins in the U.S. market. Gross margin stood at 65%, with domestic sales declining roughly 8% as international revenue recorded strong growth. Shares of the company fell about 12% in extended Monday trading after missing revenue estimates and reporting an unexpected quarterly loss.

[GVI Forex 2]

Timely article in our blog

Why Are U.S. Equities Defying Gravity in 2026?

[GVI Forex 2]

Market Up[date: XAUUSD vs. BTCUSD

Both charts l;ook similar but XAUUSD on shakier ground than BTCUSD with the former briefly breaking support while the latter is still holding 80K.

XAUUSD (GOLD)                                            BTCUSD (BITCOIN)

[GVI Forex 2]

Equity Market Update

Profit taking/book squaring geopolitical reality check Tuesday in equities but damage so far not fatal  (see red arrows for key supports)

US500                                                         NAS100

[Adam Global]

With oil 🛢 edging higher 📈

M selling 💛GOLD 💛 till 4655.00

Tell 💛GOLD💛 to hit my Tp

[GVI Forex 2]

Market Update

JP made a good point: Crude oil is just the tool. Geopolitics is the core.

Current correlations… oil setting the tone… EURUSD follows lUS stocks with slight lag (support 1.1722) while oil has steadied after sharp gains (Note, US500 is below 7372, NAS100 below 29140… see earlier updates).

EURUSD                                   US500                                 XTIUSD

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR

Break of 29140 dents momentum but to trigger a more serious retracement, a 28461 break would be needed.

In any case, uptrend has paused as long as the 29395 high stays untouched,…firmly below 29140 would put 28461 on the radar as next chart support.

[GVI Forex 2]

US500 (SP500) 4 HOUR

Has US500 paused?

Yes, as long as the 7435 (record) high stays untouched but would need a firm break of 7372 to break momentum and  expose 7322 as next chart support.

Otherwise, downside contained if 7372 holds.

 

[GVI Forex 2]

EURUSD 1 HOIUR

Trading on the defensive after pausing below 1.1750 post-US CPI but so far holding around the 1.1735 LOD, which if broken would expose 1.1722 and shift focus from1 1.8 back to 1.17.

Otherwise, 1.1750 remains pivotal.

[GVI Forex 2]

US CPI: Small miss (slightly hotter), limited reaction

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US PRE-MARKET MOVERS: WEN, ONON, GME/EBAY, UAA, HIMS, LOW, GTLB, GTM

Source: Try Newsquawk free for 7 days

[Adam Global]

GBPUSD 📉 falling hard with the 🇬🇧 U.K

Starmer said he’s not resigning while political turmoil and many people says he must resign

[Mtl JP]

To perhaps fill the day with a bit of comical component
Defense Secy. Hegseth & Joint Chiefs of Staff Chair Testify on Iran War & 2027 Budget

starts at top of hour at 8am

[Adam Global]

ßitcoin rejected $82K yet again 📉

Seem like ßitcoin is taking a breather 📈📉📈📉 the aim for $85K seems unlikely

[Adam Global]

USDJPY trying 📈 to get back up

If coreCPi is good for USD 💵 USDJPY  could go back above 158.00

If not USDJPY could drop 📉 below 156.35

[Adam Global]

Us100Cash taking a pause ⏸️ on 29K

[Author]

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