[GVI Forex 2]

Market Update: Indices

Retracements not going far enough to trigger follow through,with US500 pausing above 61.8% and NAS100 above 38.2%.

Subsequent bounces keep 7800 and 31K as pivotal in setting respective trading tones.

Otherwise, consolidation unless record highs (7845 and 31385) or retracement lows (see charts) are taken out.

[GVI Forex 2]

XAUUSD 1 HOUR –Is the low in? Not out of the woods.

Big spike down to 4066 (stops) and quick bounce shows potential for a low or at least a pause BUT would need 4124+ and then 4139+ to confirm a break in momentum.

Otherwise, 4100 likely to be pivotal in setting its tone.

[Adam Global]

US30 stock index (cash) is edging lower📉 today, slipping below 51,200, after encountering resistance near the 100-SMA at 51,670, erasing yesterday’s gains and driving the index below the key descending trendline drawn from early september.

[GVI Forex 2]

FOMC Minutes: All participants supported the 25bps hike in September and most assessed another increase would likely be appropriate by end of year,,,Little market reaction…Full update on Source: Try Newsquawk.com

Source: Try Newsquawk free for 7 days

 

[GVI Forex 2]

BTCUSD vs. ETHUSD (Daily): Which is more vulnerable?

BTCUSD: On the defensive but holding above its 3+ week range low at 82465 to keep downside in check.

ETHUSD: In a more vulnerable position with its 3+ week range low (2619) broken and needing to stay above 2560, being pivoted (low 2549) to keep risk away from 2352.

[GVI Forex 2]

Market Update (EURUSD bounced off 1.12, US500 close to but still below 7800)

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Time for a breather?

Chart shows 50% and 61.8% FIBOS are very close to 30724 and 30594 supports, making these key levels. So far, downside has paused above 38,2%, leaving 31K as a pivotal level, above needed to cool the risk..

[GVI Forex 2]

US500 (SP500) 4 HOUR: One day wonder? Was this a one day (new record high) wonder? 2 blue AT lines drawn off the record high indicate potential for at least a pause and shift in risk towards a retracement. Low so far has paused above the 50% level. In any case, 7800 is pivotal…back above it would be needed to cool the risk…while below keeps downside at risk.

[GVI Forex 2]

USDX (US DOLLAR INDEX DAILY: Would need to see EURUSD make a firm break of 1.1161 (1.1164 low) for USDX to make a run at its 102.94 high

[MARKET UPDATE] US 10-year Treasury yield rises to 5.3496%, its highest level since 2002; seeing broad Dollar strength, to detriment of global FX peers, and spot gold tumbles to underneath USD 4.1k/oz (Newsquawk)

 

 

[GVI Forex 2]

US PRE-MARKET MOVERS: Mag-7, INTC, STZ, UAA, HESM, SPCX, ZIM, BKH, BULL, NEOG ES -0.5% NQ -0.8% RTY -0.8%

[Adam Global]

AusUSD is dropping below 0.69500 after a strong support on 0.6900

[Adam Global]

Us100Cash hit record high 📈  yesterday as Ai stocks surge fuelled by NVIDIA & AMD but today a retracement to 31000.00 or more bearish is happening

[GVI Forex 2]

This article is worth reading with  both US and longer-term  global bond yields  Are Bond Vigilantes Waking Up as Long-Term Treasury Yields Surge?

[Adam Global]

USDJPY is struggling with the 50.0% Fibonacci retracement level of the 164.00-152.88 down📉 leg at 158.40 and the 200-SMA at 158.50 to gain 📈further traction

[Adam Global]

EURUSD back to the heavy loss 📉 again after retracing back up 📈 to 1.12500…now that we’re back below 1.12000 the next target 🎯 might be 1.11500

[GVI Forex 2]

Snapshot: Bonds, Energy, Metals, Cryptos

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Snapshot: Stocls and Forex

 

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Market Update: Fickle convictions

Firmer oil => firmer yields => stocks losing steam?

USDCAD: Retracement off 1.4293 pausing above 1.42, which needs to hold to contain the downside… above 1.4233 needed to slow risk of down moimentum building

US500: Lower highs bear watching along with 7800

XBRUSD: Futures trading above $100 (last $101.67)

[GVI Forex 2]

XAUUSD 4 HOUR –Back on the defense

Failure to reach 4200 (note the 3 point trendline) has XAUUSD back on the defensive but only below 4100-05 would break fresh ground.

Otherwise, treat the range as 4100-4200 with the intra-day bias set by 4150 (currently below).

 

[GVI Forex 2]

EURUSD 4 HOUR: Focus back to 1.12

French yields up (after a relief dip yesterday) => EUR down (vs crosses as well) so keep an eye on whether this correlation continues.

EURUSD: Up momentum broken, 1.12 clearly pivotal in setting its tone. damage not fatal unless 1.1161 is broken, resistance at 1.1203, 1.1220-40

[GVI Forex 2]

In our blog

The Prop Trading Drawdown Risk: How You Can Be Profitable and Still Fail

[GVI Forex 2]

US Market Wrap: S&P 500 hits fresh ATH as yields move lower SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar down, Gold up

[Adam Global]

EURJPY started the week on a negative note, extending its 📉downtrend to a fresh 11-month low of 176.20 before recovering above 177.00 on Tuesday,

[Adam Global]

Nvidia stock has been 📈jumping in the last four sessions, hitting a fresh all- time📈 high at 242.50 today. Notably, it has posted a significant rise since September 14, when it found support at 208.00.

[GVI Forex 2]

US500 (SP500) 4 HOUR: Record high

Finally joining NAS100 in the record high party and now needs to establish 7818 as support (on this CFD chart) to confirm a new leg up into uncharted waters. In any case, keeps a bid as long as trade is above 7795-00.

 

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Uncharted waters

Extending record high further into uncharted waters where the best guess for the next target would be 31500-32000 as long as trade is above 31000.

[GVI Forex 2]

Why has EURUSD backed off its high and now pivoting 1.1250?  1) Paused well below 1.1289 (cited earlier) after stops were run above 1.1261 2) Correlation French 10-year bond yields firmer (but still down on the day) after not following through on the earlier sharp drop

[GVI Forex 2]

US PRE-MARKET MOVERS: Mag-7, AMD, CEG/GOOGL, OPCH, BDX, MAT, ABBV ES +0.3% NQ +0.4% RTY +0.1%

[Adam Global]

GOLD bearish 📉 scenarios might be over 🤔 now 4155.00 is a strong support 📈

[Adam Global]

GBPUSD found support at 1.32000 now everyone is waiting to see 👀 if this new bullish 📈 traction could gain momentum back to 1.35000

[Author]

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