[GVI Forex 2]

GBPUSD spikes higher (EURGBP lower) on hawkish Pill comments

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[GVI Forex 2]

ISM Services PMI beat, prices paid up.

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[Mtl JP]

Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’ – FT

DNB prefers London over the US city, pointing to better ‘tradeability’ of bullion

The Dutch central bank has shifted more than 78 tonnes of gold from New York to London in a politically sensitive move, citing “increasing geopolitical unrest”. 

The transfer follows calls from European politicians and taxpayer lobbyists to repatriate gold reserves from the US, warning that an unreliable American government under President Donald Trump may otherwise seize them amid growing transatlantic tensions. …/..

[GVI Forex 2]

ISM Services PMI Consensus Forecasts

[GVI Forex 2]

ISM Services due at 10 AM EDT preview

[GVI Forex 2]

US500 4 HOUR: Trying to regain control

Bulls trying to regain control after support above 7600 but for that to occur, a move back above 7700-06 would be needed.

On the downside, keeps a bid as long as it trades above 7650-55.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Bounce off double bottom

What stands out on this (CFD) chart is a near double bottom around 28872.

For this to turn into a reversal of fortune, 29268-29521 need to be taken out.

In the meantime, downside limited as long as 29K holds.

[GVI Forex 2]

News algos jumped on this headline… bond yields dip, stocks pop, USD dips]

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[Adam Global]

Oil 🛢 is edging higher to $95/🛢 as everyone is asking/ waiting for the end of  this senseless fighting 🇺🇲🆚️🇮🇷

[Adam Global]

ßitcoin is testing $77K multiple times but still supporting 📈

[Adam Global]

GOLD 💛 back to the Monday-mid Tuesday consolidating 📈📉📈 & everyone is thinking 🤔 about NFP 📕

[Adam Global]

EURGBP has exited its short- term neutral zone, clearing the key 0.8585 📉resistance that capped gains since late July. While this breakout encourages further recovery ahead,📈 buyers face another immediate resistance at 0.8620 a barrier that must fall to sustain upside momentum within a 10-month-old bearish trend

[Adam Global]

dollar index surrendered to the 📉bears after failing to claim the 99.80 resistance on Wednesday. This downturn signals that the rebound off the three- month low of 98.45 was likely a temporary recovery within a bearish cycle triggered by July’s double top around 101.50

[GVI Forex 2]

US PRE-MARKET MOVERS: MSFT, AVGO, HPE, SNOW, PVH, CIEN, VSXY, CPB

ES +0.1% NQ -0.1% RTY flat

 

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[GVI Forex 2]

Market Update

Only a modest reaction in equities and bond yields so far to the uptick in oil. FX focus is on a firmer JPY with currencies such as the EURUSD and especially GBPUSD lagging due to unwinding of short JPY crosses.

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

[GVI Forex 2]

GBPJPY DAILY: Run for the exits?

Freefall suggests large scale unwinding of long GBPJPY positions (carry trades?), which has seen GBPUSD underperform, with GBP easing on other crosses as well (e.g. GBPCHF, EURGBP).

Damage not fatal unless major support at 209.55 is taken out (207.20 below it)

[GVI Forex 2]

Newsquawk Daily US Opening News – 3rd September 2026

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[Mtl JP]

GVI 5:52 / thk u bessent 

[GVI Forex 2]

USDJPY DAILY: Retracement over, back on the defensive

Breaking 4-day pattern around 160 = bearish

Outside week = bearish

155.00-03 major support/target if trade stays below 156.67

(Note firmer JPY crosses helping to fuel the USDJPY move)

[GVI Forex 2]

XAUUSD (GOLD) 1 HOUR: Facing resistancer

Building momentum off higher lows that would need to take out 4446-61-72 to break the back of the downtrend and shift the focus to 4500+

Supports: 4418, 4381, 4364 *

[Adam Global]

USDJPY 🚨saw the strongest movements in yesterday’s session, with the bearish pressure🚨 lingering today. USDJPY is hovering in the🚨 157.20 area more than two big figures below Tuesday’s close.

Comments from BoJ member Takata about the BoJ not being confined to 25bps increments, dovish rhetoric from New York Fed President Williams and stronger Japanese data have most likely played a key role in the USDJPY decline, although a mini-intervention or a rate check from the Fed cannot be excluded

[GVI Forex 2]

Forex Market Snapshot

The dollar is trading weaker led by USDJPY which has extended yesterday’s slide after breaking a 4- day pattern around 160.

Others are following with a lag,m suggesting frirmer JPY crosses where the market is having more trpuible absorbing the USD selling side *i.e. USDJPT selling) of the trade.

US yields have slipped a touch,crude oil consolidating,.

US Weekly Jobless Claims and ISM Services PMI due later.

[GVI Forex 2]

In our bog

The Hard Trade: Why Tough Trading Decisions Can Win

 

The Power of the Hard Trade: Why Uncomfortable Decisions Can Lead to Trading

[GVI Forex 2]

COMING UP: Data: Chinese RatingDog Services PMI (Aug), Australian Trade Balance (Jul), Swiss CPI (Aug), GDP (Aug), Global S&P Services and Composite PMI Final (Aug), EU PPI (Jul), US Challenger Layoffs (Aug), Trade Balance (Jul), Jobless Claims, ISM Services PMI (Aug), Atlanta Fed GDP (Q3), Canadian Trade Balance

(Jul). Speakers: Fed’s Waller, Hammack, Goolsbee; RBA’s Jones, Hunter. Supply: Japan, Spain, France.

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[GVI Forex 2]

Newsquawk US Market Wrap: Stocks bid with yields and oil little changed

SNAPSHOT: Equities up, Treasuries steepened, Crude up, Dollar down, Gold up.

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[Mtl JP]

“The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left.” – druckenmiller in his wsj op piece

current us national debt: 40 trillion 107 billion

[GVI Forex 2]

Treat the end of sumnmer like the first week of a new year.

The start of post-summer is like a mini version of the first week of a new year, which is often characterized by choppy trading and false starts as markets start to restore full liquidity (note the first few days of choppy trade).

This year is complicated by a late US Labor Day holiday on September 8 and the US August jobs report ahead of it so summer in the US goes on for a few more days, suggesting to look for more choppy trade.

 

[GVI Forex 2]

US500 4 HOUR: Is the low in?

Move above 7664 breaks momentum as long as the low holds but needs to make 7650-64 support to encourage higher.

To reverse bias back to bid, 7706 would need to be broken.

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Hope for the bulls?

A near double bottom around 28872 gives hope to the bulls but would need to break 29521 to reverse bias back to bid.

[Mtl JP]

If it is Williams who says it is so …

New York Fed’s Williams says yield surge due to strong economic prospects – Jeff Cox

Williams said higher Treasury yields reflect a strong economy as he weighs whether another interest rate hike is needed. .. and .. that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction. … and … that he’s still absorbing economic data, and did not commit on whether he thinks an interest rate hike is necessary.

“I think that we have to wait and see,”

[Author]

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