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[GVI Forex 2]

Projections by France’s public broadcaster showed the far-right National Rally, guided by Marine Le Pen and her protégé, Jordan Bardella, securing the top spot with 34 percent of the national vote. An alliance of leftist parties, the New Popular Front, was in second, projected to garner 28 percent. Macron’s Together alliance lagged behind, with 20 percent.

[Mtl JP]

POLITICS
markets “uncertainty” opportunity
–
Looks like white towel in a final moment of epiphany:
‘It’s a mess’: Biden turns to family on his path forward after his disastrous debate
https://www.nbcnews.com/politics/2024-election/biden-family-path-forward-disastrous-debate-mess-rcna159591

POLITICS
markets and “uncertainty” as opoortunity

the “uncertainty” : for next short while
NO Policy agenda as:
– Democrats are in a panic
– Republicans are protecting and will be trying to build on the gift that was handed to them

[GVI Forex 2]

Big event week aheasd

Newsquawk Week Ahead 1st-5th July: Highlights include French & UK elections, US ISM & NFP, EZ CPI, Minutes from RBA and FOMC

[michael Calif]

daily Euro futures still betting Long EURUSD and higher prices    :gtwo3

[Belgrade Bobby]

EURUSD Daily

Resistances at 1.07200 , 1.07500 , 1.07600 & 1.08400

Supports at : 1.07050 , 1.06900 & 1.06600

There are two options right now:

-EURUSD come to 1.07500/600 Resistance and get rejected , just to continue Down another 200 pips

– EURUSD break above 1.07500/600 & 1.08400 and start a journey to 1.11

Now lots will depend on coming Data and US Election situation.

As always we’ll follow it on smaller time frames and use given parameters to position ourselves and Surf the Waves that will unfold.

[Mtl JP]

POLITICS
and (not so) little reaction
–
To Serve His Country, President Biden Should Leave the Race
The president’s inadequate performance in the debate made it clear he is not the man he was four years ago.

By The Editorial Board

Jun 28, 2024 09:59 PM5 min. readView original
Opinion|To Serve His Country, President Biden Should Leave the Race

https://www.nytimes.com/2024/06/28/opinion/biden-election-debate-trump.html

—-

Next week joe is supposed to go on fund-raising shindigs with democrat-supporting bigwigs

[Belgrade Bobby]

AUDJPY Weekly

Key High is at 107.860 , dating back to 2007.If it manages next week to stay above 106.900, and takes out previous high, road would be open for 116.000

[Belgrade Bobby]

USDJPY Weekly

With the High at 161.281 hit today ( historically, year 1990 held that title with 160.360) , USDJPY opened a can of worms by many, but as I said yesterday, it is 164.000 that might be a problem for BoJ.If above it, we are looking at 175.000 and more…

[Belgrade Bobby]

NKE – NIKE

Nike Stock Stumbles 20% on Revenue Miss, Steep Sales Drop Guidance

NKE−19.98%

Nike stock slips 12% in after-hours.

Industry mainstay losing market share.

Quarterly sales projected to drop 10%.

[GVI Forex 2]

NAS100  4 HOUR CHART – KEY LEVELS HIGHLIGHTED

 

NAS100 backing off after being unable to test its record high but would need to take out the red highlighted support line to suggest a greater risk to the downside.

[GVI Forex 2]

US600  4 HOUR CHART – RISK OFF OR END OF QUARTER?

 

It is hard to say whether a weaker close is from end-of0quarter profit taking or something more.

As this chart shows, bulls need a close above 5468 to keep the focus on 5500+

[SF Monedge]

Gordon Gekko has spoken.  Have a safe and enjoyable weekend all.  You are good people.

[SF Monedge]

Aussie is bid bid bid overall going forward.  It just stalled with month end and risk tapering.  Aussie likes Gold like Blue Horseshoe like Anachot Steel, and roughly 79% or professional managers are holding it right now, with an increase in returns being sought vs hedging portfolio, which is the usual method operandi.

[SF Monedge]

UsdChf – As long as 8980 stays relatively (give it a little room) intact the pair is still bid overall.  Better bet might be EurChf if you are thinking short side because, in the end, the FED rate equation has not changed and that favors US Dollar.  The problem is that stocks aren’t visibly rattled headed into the weekend and that bid has not changed either, and Euro is highly correlated with stocks.  Use it as a risk management play because in logical terms, there is an abundance of global risk at present, including the element of terrorism with the US headed into its Independence Day celebration next week.  Wait for the last second so you don’t get juked by some risk hungry larger size entities.

[Mtl JP]

MarketWatch report:
–
Fed’s interest-rate policy is working, just very slowly, Daly says

Federal Reserve interest-rate policy is working to lower inflation but maybe not as quickly as consumers would hope for.

as consumers would hope for ?!
daly is far far removed from her roots, sitting pretty thinking up stupidities about who hope for lower inflation.

She might be better advised to watch out for the great unwashed one fine day rising up and going for these non-performance but fixed salary based ivory tower residents

[Mtl JP]

POLITICS
little reaction
–
Helloooow bolton, hello jake, hello blinken and … hello janet !!

Fed’s Bowman: would like US return to ‘strength’ in leadership as under Reagan

(Reuters) – Federal Reserve Governor Michelle Bowman on Friday said she believes the U.S. has strayed from the style of international leadership it had under Republican President Ronald Reagan during the 1980s, and she would like to see a return to that.

“The ability of President Reagan to work so closely together with like-minded leaders from around the world in such a pivotal time for our national defense… instilled that idea of strength as leadership,” Bowman told the Ronald Reagan Presidential Foundation and Institute Leadership Council Conference, in answer to a question about the legacy of the 40th U.S. president.

“I think we’re straying a little bit from that, and I’d love to see us return to demonstrating strength around the world to underlie a lot of our partnerships.”

Michelle sounds rogue on janet and that whole miserable biden-esque team, ready to endorse Donald and gun for Tr Sec if not Fed chair ?

OR it could just be quarter end…

[GVI Forex 2]

POLITICS:

There was little reaction to the debate fiasco although it may have election implications depending on how things play out.

EURUSD is ending the week with a bid despite the French vote, which suggests it may be discounted but has longer-term implications.

GBP ending the week on a softer note vs. the EUR although from what I hear, the spin on Thursday’s election is that a majority result for Labour is seen as a positive.

[SF Monedge]

Point of control in 2yr is 102’03, if it gets over 102’04 notes could accelerate uphill.

[GVI Forex 2]

We have had several requests asking about prop firms that offer MT4 and MT5. We have found one that offers MT4 and MT5, and as you can see by the banner posted below, it is a quality one as well.

[michael Calif]

daily nearby futures still betting Long EURUSD and Short USDJPY    :gtwo3

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