[GVI Forex]

FWIW A firmer EURGBP is so far keeping EURUSD from breaking 1.1026.

GBPUSD weighed down by a firmer EURGBP and weaker GBPJPY but still above its 1.3057 intra-day low.

[GVI Forex]

If looking for the current driver, it is buy orders for JPY on its crosses despite a modest risk on for stocks.

[GVI Forex]

USDX 4 HOUR CHARt – EURUSD PROXY

Using USDX as a proxy for the EURUSD (57.6% of the index), it would probably need to get through 101.80 to suggest a EURUSD run at 1.10 and 102.00 for the index.

Key levels on this chart are at 101.20 and 102.00

[GVI Forex]

A look at the day ahead in U.S. and global markets from Mike Dolan

Markets have recovered their poise this week on a potent mix of U.S. ‘soft landing’ hopes and interest rate cut speculation and now turn their attention back to U.S. politics ahead of Tuesday’s big TV debate.

Morning Bid: Calm returns as TV debate eyed, China angst

[GVI Forex]

USDJPY 1 HOUR CHART – BACK INTO 142-144/145?

Consolidating in a range bounded by 142.63-143.78

Above 143.78 would put 144.04-22 (key levels) at risk

A case can be made for a higher low BUT only if 144.22 is taken out,

Below 142.63 would put 142 and below at risk.

[GVI Forex]

EURUSD DAILY CHART

No change from what was posted in our Weekly FX Chart Outlook other than while within 1.10-1.11, 1.1050 will set its trading bias.

From the Weekly FX Chart Outlook
‘
Last week I said the EURUSD range was 1.10-1.12 with 1.11 setting the trading bias.

Well, that didn’t change after a whipsaw end to the week following the US jobs report

Looking at this daily chart, it would take a break of 1.0949 to fully negate the upside risk.

Highlight: ECB decision on Thursday

[GVI Forex]

US500 DAILY CHART – Retracement

As markets seem on hold waiting for tonight’s US presidential debate, equities remain a focus as a measure of the risk on/risk off mood.

Looking at this chart, despite the impressive rebound yesterday, moves to the upside are to be treated as a retracement unless 5522 is taken out.

[Mtl JP]

10-yr Yield | 5:25 AM EDT
3.708%

DLRx 101.59

market still looking discombobulated from last NFP and fed reserve member yakkings

Is the FED gang pleased with itself ?
I think it is

[Belgrade Bobby]

EURUSD 4h

Supports : 1.10300 , 1.10150 & 1.10000

Resistances : 1.10550 , 1.10700 & 1.10900

Pair needs to take out 1.10300 to continue the slide, or we’ll be seeing change of this trend and start moving Up again.

[SF Monedge]

Sell UsdJpy 143.25 may have decent merit if it gets there.

[SF Monedge]

Yen looks like a 2 pip range until the debate is done.

This sums up Trump vs Harris:

Harris – “Free baby food for all mothers and free school for all students and free and free housing for millions of illegal immigrants and the economy is all is great hahahha.

Trump – “I’m going to get you crooks.”

[Mtl JP]

10-yr 3.702%
DLRx 101.47

Sup 101 100.95

[michael Calif]

previous posts:    Law of Time, Gold will generate lower prices while completing its current vibration.    :gtwo3

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2485.50 , 2455.00 & 2430.00

Resistances : 2505.00 , 2530.00 & 2575.00

Close tonight above 2505.00 would be quite bullish – could drive it to the new high .

[Belgrade Bobby]

EURUSD 4H

Resistances : 1.10580 , 1.10700 & 1.11000

Supports : 1.10300 , 1.10250 & 1.10150

If resistance at 1.10580 holds, we should be seeing attack at 1.10150 fairly soon.

[GVI Forex]

Let’s see. I left for about 1+ hours, i CAME BACK AND US500 is up 1&, USDJPY is barely changed, dollar is a touch lower elsewhere, commodity currencies are u a touch higher, and all is well with the world.

[michael Calif]

overall:    Law of Time remains Short USDJPY    :gtwo3

[SF Monedge]

Figuring out what is going on behind the scenes can be quite a test of will and dedication.  This is one reason I like Bobby’s style who is quietly sticking with technical and really on top of Sterling.  I spend hours analyzing money flow and listening to people.  If you are novice or intermediate it is best you lean more toward technical attributes and do the education part over time.  Right now UsdJpy has flows eyeballing 143.45 again before running into dominant sell pressure.

There is risk flow going into Japan, think Nippon Steel.  Economy is not that bad.

[GVI Forex]

JPY seems to be more of a leading than lagging indicator of risk today.

[SF Monedge]

The flows in Yen are moving in 2-3 day swaths, with the weaker side being long UsdJpy which gets nailed in stiff fasihion every time they bring it up.  Long side was better before recently, it will take quite a bit to change the sell cycle overall.  We could find a stalemate and more leveled off condition in a week or so.

[Author]

Posts