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[GVI Forex 2]

Newsquawk.com Week Ahead 19th-23rd August 2024: Highlights include Jackson Hole, FOMC Minutes, ECB Minutes, Canadian and Japanese CPI, and Flash PMI data

[Mtl JP]

Of too late of fear of debt

53 Min Ago Mom co-signed daughter’s student loan. Now 85, she fears lender may take her house – cnbc

[GVI Forex 2]

`BTC DAILY CHART – WILL BTC JOIN THE PARTY?

With Gold setting a record high, will BTC follow suit and join the party?

With the low seemingly in place, the only level that matters to me is 65602 as a firm break would be needed to put 70K in play again.

[GVI Forex 2]

XAUUSD DAILY CHART – 2500!

 

Only level that matters is 2500 after a new record high at 2509 as it trades in unchartered waters.

Support zone us 2480-00, strongest bid if 2500 becomes support,

Resistance is at the most recent high with nothing on charts otherwise.

‘

[SF Monedge]

JP – Ok then all we need to do is tax every worker to cover the cost of making chocolate free for everyone and vast problems are solved.  Easy plot dot.  Just following woke economic principals.

[Mtl JP]

SF 3:01 – If you have habits without which you cannot get through your day I, the uglier than ugly guy at sold many gaffs, intentionally and eagerly, with no feminine side nor an inner child, truthfully honestly un-apologically, am on stand-by to …. ….

take full advantage

psst / according to FRED “Average Hourly Earnings of Production and Nonsupervisory Employees”

july 2024: $30.14/hr vs marsbar $1.25
july 1969: $3.22/hr vs marsbar $0.10

[GVI Forex 2]

EURUSD is following with a lag due to a weaker EURGBP.  Otherwise USD is ending the week on the defensive as weaker tone is spreading.

[SF Monedge]

Gamma on EU puts is completely dominating calls albeit curtailing just a bit mid-session.  That and other conditions give a clear portrayal that markets are in a risk off condition headed into the weekend.

[SF Monedge]

Side note, that Goldman comment was not my opinion.  It is a fact.  I had a few good conversations about it with a former Goldman executive about it and a few others as well.  Think my comments are a joke at your own peril.

[SF Monedge]

Somewhere out there exists some really ugly guy in his pajamas spilling hamburger on his physically eroding carnivorous self reading my FED comment saying to himself and pointing at the screen “yeah what that guy said, its all bogus, I just want to make a buck.”

[SF Monedge]

For you JP –

The FED matters if you are position trading.  Goldman Sachs does not care about what the FED says or its dot plots other than to use it as a means to attack volatility and adjust exposure.  The reason I do not trust US government economic numbers……….

In 1969 a Mars chocolate bar cost me 10 cents at EZ Freezy Market in San Francisco and today it is $1.25, yet the production-packaging-shipping-distribution is more efficient.  This is not a supply/demand issue or a consumer confidence issue or a rate of change issue.  People want chocolate no matter what, everything is more expensive, and profit margins matter.  They can drop rates 10% and people will still gorge on chocolate.

Chocolate_1

Fed _ 0

Remaining long Usd/Jpy from lower.  Buying every reasonable pause.

[Mtl JP]

in the name of agrandissement ?

Five Big Questions for the Fed at Jackson Hole bbrg

There’s plenty to address beyond next month’s interest-rate move.
claims bill dudley

[SF Monedge]

The AMEX Gold Bugs Index went straight up and is a mix of risk on sentiment and hedging at the same time this time.  Geopolitical tension, war, failing economic structures, failing political con games weigh while ever-present demand not just to keep your girlfriend from complaining but for high end defense electronic and other solid use reasons.

And then there is speculation.  Buy side internal metrics a 5 times greater than sell side this morning.

[GVI Forex 2]

To put Friday price action in perspective

While we can’t ignore today’s 1% drop in USDJPY it is still up on the week vs. last Friday’s 146.63 close

EURUSD at 1.0996 is currently unchanged on the week

[Mtl JP]

yes yes yes … one post would be enough

I guess I am letting myself be “influenced” by m bowman”s smoke signals

[GVI Forex 2]

To put Friday price action in perspective

While we css as n’t ignore today’s 1% drop in USDJPY it is still up on the week vs. last Friday’s 146.63 close

EURUSD at 1.0996 is currently unchanged on the week

[GVI Forex 2]

JP you are the only one standing on a deserted island.

A Fed 25bps cut in Sept is as close as you can get to 100%

[GVI Forex 2]

JP you are the only one standing on a deserted island.

A Fed 25bps cut in Sept is as close as you can get to 100%

[GVI Forex 2]

JP you are the only one standing on a deserted island.

A Fed 2(bps cut in Sept is as close as you can get to 100%

[Mtl JP]

US 10-YR 3.888% -0.038; DLRx 102.50

10:00 – U of M sentiment
13:30 – goolsbee fireside chat

[Author]

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