[Mtl JP]

DLRx 100.98
On bit of an updraft, likely on end-of-month demand.

Odds are low for a sustained gain unless next week’s NFP kneecaps all the pent-up expectation for rate cuts.

Econ Calendar: nothing
18:15 – bostic yaks

[GVI Forex]

Bids or stops?

EURUSD needs to find bids at/above 1.1098 level to avoid a stop run towards 1.1071 (1.1030 below it).

[GVI Forex]

GBPUSD 4 HOUR CHART – Is the high in?

To suggest the high is in 1.3179 would need to be firmly broken.

Otherwise, 1.32 is pivotal in keeping the bid.

On the upside, there are no stops left unless a new high is made.

[Mtl JP]

Here is why the FED (and other CBs) are NOT done keeping rates higher for longer as inflation is not yet working its downward pressure enough on the economy (ref Okun’s Law / “sacrifice ratio”) and therefore on employee snotty attitude

Gen Z turning down high-paying jobs for workplaces with perks

[GVI Forex]

This is just a thought but perhaps there is foreign USD demand for the deluge of Treasury bonds being auctioned.

[GVI Forex]

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

Nvidia’s post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S. Treasury markets appear to be absorbing the latest torrent of debt sales quite comfortably.

Morning Bid: As Nvidia awaited, Treasuries absorb new deluge

[GVI Forex]

EURUSD 4 HOUR CHART – Is the high in or just a retracement?

EUR has been a weak link as can be seen on its crosses, especially EURGBP.

The failure to retest 1.12 puts the downside at risk but only if it stays below 1.1150. A break of 1.1098 would negate this latest leg up.

Retracement levels–
‘
Using 1.1098-1.1201, 61.8% = 1.1137 (vs 1.1135 low)

1.1120 = 76.8%

[GVI Forex]

All eyes will be on Nvidia reporting after the close.

NEW YORK, Aug 27 (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s (NVDA.O), opens new tab upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker.

Nvidia results could spur record $300 billion swing in shares, options show

[GVI Forex]

USDX 4 HOUR CHART – Head Fake

A bit of a head fake after yesterday’s weaker USD close that has so far failed to follow through.

Using USDX as a proxy for the EURUSD (57.6% of the index), the bounce off the 100.55 double bottom would need to get through 100.94 to suggest a pause and then through 101.57 to indicate the bottom is in place for now.

In EURUSD 1.1150 is the obvious bias setter.

[Mtl JP]

ya many = ya know many

[Mtl JP]

DLRJPY 144.48
ding ding ding ding

ya many Mrs Watanabes SF ?
kudos !

[SF Monedge]

Mrs Watanabe likes Monedge today.  Approaching 144.50 as planned.

[GVI Forex]

US500 4 HOUR CHART – WAITING FOR NVIDIA ON WED

Record high (5673 on this CFD chart) still looms above (not shown on this chart) with the move up so far failing shy of it.

Does this lead to a retracement or just a consolidation range?

Watch 5600 as this could be the bias setting level.

[GVI Forex]

BTC 4 HOUR CHART

Failure to break above 65K leaves 2 options

55K-65K range where 60K acts like a magnet and sets the tone

Break of 55K to setup a run at the sub-50K low.

Let’s assume 55K-65K as long as the bottom end holds.

[Belgrade Bobby]

Nvidia – NVDA

NVIDIA Corporation will report earnings on Wednesday after market close, which may influence market sentiment. Analysts worry about weak results that could negatively impact the semiconductor sector.

China’s export limits on germanium and gallium are affecting NVIDIA’s ability to meet rising Al chip demand, possibly leading to higher prices for NVIDIA and its customers to maintain profit margins.

[GVI Forex]

AUDUSD 4 HOUR CHART – CPI ALERT

NEWSQUAWK PREVIEW AUSTRALIAN CPI (WED):

NEWSQUAWK WEEKLY OUTLOOK SHOWS A FORECAST FOR A DROP IN CPI WITH ONE BANK CALLING FOR A BIGGER DROP THAN THE CONSENSUS.

THIS MAY OFFER AN OPPORTUNITY FOR A TRADE – SEE SUPPORTS BELOW

ON THE UPSIDE A FIRM BREAK OF .6800 WOULD LEAVE A VOID OF ABOUT 100 PIPS UNTIL THE NEXT TARGET.

[GVI Forex]

EURUSD 1.1182 after a 1.1150 2-day double bottom

There is a method to my madness

More Power of 50 – Click below

[Belgrade Bobby]

EURUSD Daily

Supports : 1.11500 , 1.11350 & 1.11150

Resistances : 1.12000 , 1.12750 & 1.13350

Difference between Cable and EUR is that Cable moves more and violently , while EUR tends to have some lame and sideways corrections – but the correction is Due.

However , if it breaks above 1.12000 and establishes a footing , we might be seeing 1.14650 quite quickly.

[SF Monedge]

JP – August 27, 2024 at 5:41 pm – I blew it all on sushi.  Lets go with Jay’s power of 50 now.  UsdJpy 144.50 next.

[Mtl JP]

SF 4:11 – curtesy Henley and Partners

Worldwide Crypto Wealth Statistics

indicates that the number of crypto millionaires doubled y/y

et tu … FX trader ?

[Author]

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