[GVI Forex 2]

Sept Retail Sales beat but only a brief reaction to slew of data with bond yields slipping following a brief uptick…so far limited ripple effects (e.g. USD dip) elsewhere… keep an eye on correlations with bond yields

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[Adam Global]

Stocks

[GVI Forex 2]

US Sept PPI miss (hotter)

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[Adam Global]

ßitcoin 📉 rejected below $85K now its a wait & see if $80K could be support📈

[Adam Global]

GOLD is waiting for retail sales & CorePPi

[Adam Global]

GBPUSD had a strong 📈rebound off its 11-month low📉 of 1.3135 in yesterday’s session, re-entering its previous trading range of 1.3180-1.3285 and surpassing the short-term SMAs at 1.3230 on the 4-hour chart

[Adam Global]

US100 extends slide as Al spending worries collide with Fed fears

[GVI Forex 2]

Market Update: US data next on deck

USD down, Stocks down (NAS leading, US500 lagging), crude oil down

Watch the reaction in US bond yields to a slew of US data today (PPI, Retail Sales and more) with EURUSD 1.1200 and NAS 29500 and 30000 pivotal.

[Mtl JP]

From academic theory to practicality
The two-year Treasury yield — especially sensitive to Fed policy expectations

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR: Higher low

Bounce off a higher low would need to take out 4170 to put 4200 back in play.

Otherwise, expect chop trading with bulls clinging to hope that a higher low will be a sign of a potential bottom.

[GVI Forex 2]

Why interest rates matter

US yields off sharply today (safe haven?) with th plunge even more glaring when compare to post CPI spikes=

4.74=2% (2 year) 5.093% (10 year) 5.435% (30 year) 10 year yield 5 day chart

[GVI Forex 2]

Fprex Market Snapshot

US stocks down (led by NAS) => US yields down => USD down (except vs AUD)For an outside week, these levcels need to be broken EURUSD, 1.1277 USDJPY 157.44 GBPUSD 1.3286 USDCAD 1.4205 (low 1.4194) .6932 (low .6926)

[GVI Forex 2]

In our blog

How Economic News Affects Stocks, Bonds, Commodities, Crypto and Forex

[GVI Forex 2]

US Market Wrap: Stocks hit on AI concerns and hot CPI

[GVI Forex 2]

NAS100 DAILY: Into a void

NAS100 finally succumbing to a chart that had turned negative with the break of 30100 (on this CFD chart) opening a void of key levels below it. This leaves a focus on 30100 as above it is needed to slow the risk while below it keeps trading in the black hole.

[GVI Forex 2]

US500 (SP500) 4HOUR: Bye bye 7800?

Keep an eye on 7800, which has traded 7 days in a row and assume the pattern will be broken on Thursday (bearish signal). Resistance starts at 7732 (on this CFD chart), back above 7776 would be needed to put 7800 back on the map. Otherwise, upside is limited.

[GVI Forex 2]

US yields sliding back to square one… USD following

4.806% (2 year)
5.183% (10 year)
5.555% (30 year)

 

[GVI Forex 2]

Bond yields backing off from post-CPI spikes (flatter curve) on safe haven flows as stocks sell-off.  Dip in yields may be behind a USD pause.2 year yield 4.80% pre-CPI => 4.95% post-CPI => 4.855%

[GVI Forex 2]

XAUUSD vs XAGUSD (DAILY) Metals crumbling following the US CPI report.

[GVI Forex 2]

GBPUSD DAILY: Tests key support

GBP went from mild outperformer to an underperformer as longs get squeezed out.

Key support at 1.3139 just tested, holding so far (low 1.3137), importance being there is a void below it until 1.30.

[GVI Forex 2]

BTCUSD vs. ETHUSD

Cryptos not immune to the fallout from the US CPI report.

These daily charts show why the BTCUSD 80K area and ETHUSD 2350 are important with black holes below them

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR:Back on thew defensive

Back on the defensive and dependent on 30100-250 holding along with 30K or face a void of support below it.

Upside limited unless 30687 high is taken ou

[GVI Forex 2]

US500 (SP500) 4HOUR: Picking up the pieces

Picking up the pieces after getting caught leaning the wrong way into CPI.

With the pause again below the record 7845 high, should the break of 7776 support be sustained then it becomes dependent on 7732 holding to prevent down momentum from taking over.

[Adam Global]

Us500cash edging📉 lower

[Adam Global]

GOLD rejecting 📉 4155.00 going back inside the downside channel

4055.00 or 4000.00 is now insight 🎯

[Adam Global]

Us100Cash 📉 rejecting 30500.00 after consumer price index now 📈 buyers want to buy the dip above 30000.00

[GVI Forex 2]

Market Update: Risk off  reaction

CPI seemed to catch stocks and bonds leaning the wrong way while the USD was in a wait-and-see

EURUSD back on a path towards a 1.1065 target (while below 1.1150)

Watch bond yields for correlations

[Adam Global]

 

[GVI Forex 2]

US CPI (core misses): Yields spike higher, stocks down, gold down, USD up

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[GVI Forex 2]

US PRE-MARKET MOVERS: Mag-7, Memory names, BLK, BAC, MS, STT, LQDA, GME

ES +0.2% NQ flat RTY +0.3%

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[Author]

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