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[SF Monedge]

If you haven’t guessed yet I am deadly accurate you need more coffee lol.

[Mtl JP]

gbp at 2x top at 1.3239
–
YESSS unpopular decision !

Reuters
Starmer signals pain and ‘unpopular decisions’ to fix Britain
Prime Minister Keir Starmer said on Tuesday he would have to take unpopular decisions, raising the possibility of “painful” taxes on the rich and … that … Britain’s problems would only get worse before getting better.

[SF Monedge]

The safer approach would be to stay on the sell side of UsdJpy and wait for the European fix to conclude before loading up too hard on Euro.  I see UsdJpy continuing to pull up temporarily but on limited horizons and the opposite for Euro.  It can change but the volume of calls to puts in Euro is very strong at present.  Markets are apprehensive and picking little bets in stocks which is dousing enthusiasm.  Nvidia will add a spark.  This is where we start seeing hedging build to rebalance portfolios pre-Fed and it will continue for weeks.

[GVI Forex 2]

USDJPY low 144.23

Posted earlier: Now needs to stay above 144.57 (suggests 144.50 as well) or risk shifts back to 144.20-25.

GBPUSD just ran some stops to a new high but still below 1.3250 and buying seems to be coming from crosses (EURGBP .8435)

Stock getting some relief from better consumer sentiment.

Sums up a market waiting for Nividia tomorrow and US PCE and month end Friday.

[SF Monedge]

There is much more open interest in Eu calls vs puts.  There is more extrinsic value in puts.  Implied volatility is more median/stable in calls indicating structure.  Gamma on puts is far greater a band and so puts are very unstable.  By options contracts alone when compared to other metrics such as forwards Euro is not happy and so a pullup would be customary to 1.1180 where thy buying dies out.

[GVI Forex 2]

CB Consumer Sentiment beats on the upside — yawn reaction\\

See our Economic Calendar

[michael Calif]

which will occur first  ??  …  Euro futures rally to 1.200 or decline to 1.000    :gtwo3

[SF Monedge]

My projection of Yen from NY session yesterday for 145.25 fell within 8 pips of accuracy but did not fill overnight.  At times the main thing is the market is demonstrating mathematic cohesion.

UsdJpy just broke some average related (which I do not trade on but other participants do) parameters but it is not enough yet to warrant selling out on the downside and so there is still mathematical chance for the pair to hold just above 144.12.

[GVI Forex 2]

Next focus… US CB consumer confidence

[Belgrade Bobby]

My trading stance on the FED’s, ECB, Data….

[Mtl JP]

with the FEDs having successfully fed (poison) players, current and for the next d=few days players are likely to geame month-end and , to unlikely solid comittement, game friday’s PCE

[GVI Forex 2]

EURUSD 1.1160

2-day double bottom around 1.1150 vs. 2 day double top at 1.1179

[Mtl JP]

ya but … have alook at the euro “50” magicians

[GVI Forex 2]

Those buying USDJPY earlier on higher yields got smacked in the nose.

[Mtl JP]

yes – starting today:

13:00nyt – 69bln of 2yr paper

[Mtl JP]

DLRJPY

it seems to me this pair is currently sensitive to micro-move in relative yields

anxiety, fear and greed energy drivers

[GVI Forex 2]

JP, thanks for the alert on US bond yields… boatload of Treasury bonsd being issued this week

[Mtl JP]

with early euro teasing “magical” 50
some may be tempted to try scalping on within 1-2 pip approach

[GVI Forex 2]

USDJPY nosebleed reaction has seen a brief blip below 144.50 (still pivotal)… offsets are helping the uSD elsewhere

[Mtl JP]

EURO 1.1160

Bias: inactive / uP
Res 1.1195
Sup 1.1140, 1.1110/00

Puppy is looking, on some techs, pushing stretch limits.
Should the puppy give indication of a want to wonder down there appears to be a lot of interest to try to prevent such idea.

Earlier
ECB’s Knot Says Tighter Fiscal Policy Would Have Curbed Prices

10:00nyt – ecb nagel yaks

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