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[Belgrade Bobby]

Nasdaq – NDX

Supports 19.650.00, 19.380.00 , 18.815.00

Resistance 19.950.00

Holding nicely –  next target is at 20.500.00

[Belgrade Bobby]

Apple Inc – AAPL

Supports at 212.00 & 209.00

Resistance at 218.00 & 220.00

If buying hysteria continues, everything is possible, but technically speaking this is way too sharp for Apple to continue up without at least a bit of a correction.

[Belgrade Bobby]

GME – GameStop Corp

Important levels : 23.00 , 20.80 & 16.75

If we give it a chance for a bit and talk about possibility to go Up again, 30.00 is the breaking point – Resistance above which it can shoot high – and that is exactly what I said – possibility to dream of.

[Belgrade Bobby]

BTCUSD Daily

Supports at : 58.400.00 , 56.200.00 & 55.100.00

Resistances at : 62.100.00, 62.750 & 65.000.00

Pattern wise, tomorrow we should see another leg Down.

[GVI Forex 2]

EURUSD DAILY CHART = PAUSE OR BREAKDOWN?

 

With the exception of the AUDUSD, which gave back its post-CPI gains, it has been a USD day with the highlight the USDJPY breakout SMASHING through 160.16.

EURUSD joined in the party and although the  was low just 1 pip below 1.0667, it is probably only a pause unless 1.0700+ is renewed.

Should 1.0666-67 be firmly broken, 1.0649 and 1.0600 become the targets.

[Belgrade Bobby]

USDCHF Daily

Resistances at : 0.89900 , 0.90250 & 0.91900

Supports at  : 0.89450 , 0.89150 & 0.88700

See how my “historical” trend line worked…now it all looks very logical and even expected.

[Belgrade Bobby]

USDJPY Daily

Supports at : 160.350, 159.900 & 158.850

Resistance – what resistance ??

Unless Ninjas from BoJ comes in overnight ( or whenever they feel like it ) , we are facing 164.000 +

In my opinion, that is the level that BoJ has to protect as once above, it opens the way all the way to 175.000….

[Mtl JP]

the 10yr yield may be uP BUT 1.0667 did not come close to cracking

looks like a good defence of price level for now

[GVI Forex 2]

US 10 year bond yield is up 7.4 bps at 4.314%

[SF Monedge]

One final note and I will stop obnoxiously clogging the forum.  My opinion carries a little weight.  It is important to remember I know what it is like to run a national bank program at a headquarters with 726 employees covering $16 billion in assets and was the star of the show in some respects eventually.  Have seen a thing or two.  Also, I have found a few of you “youtube gurus and forex guru’s out their claiming to have backgrounds stealing my commentary from this and other places.  Please do so with care and responsibility, and your own input as well, thank you.

[SF Monedge]

MoF/BoJ are likely waiting for this week’s pivotal US data to conclude and resulting price activity to answer the question of whether to intervene or not.  The bottom line, if I were a bank VP, is the Yen simply must begin to appreciate for the good of the Japan economy.  I believe it will see 150 region inevitably but that is months down the road, so then if you are on the trade the problem to solve becomes efficient scaling in and out along the way (your boss is happy and the bills are paid if you are taking profits).  That is where the endless intra-day battles you endured sharpened your skill levels and you can be pretty good at it.

With reference to the Euro comment and where to position, that is for longs (closer to the low end of a big figure).  If going short, you want to make the throw closer to the high end of a big figure.  Same for Intra-day (.8 vs .2 or just go .5 to make sure you are in the trade).  I am only so confident in the Euro economic performance looking out, and the US is beginning to breathe heavy a little, so being long Euro/stocks is a bit dicey from here but barring something profound the train should keep rolling.

Precision and an awareness of fundamentals both matter.

[SF Monedge]

The one I am having issue with is the Euro long due to the price taken.  Ordinarily it is preferable to take a price closer to a lower level of a figure not a higher level.  Then there are those times you don’t want to be late on the throw and risk it if you see the receiver breaking and take the hit while the ball is in the air (US quarterback talk).  Jay was a sportsman and on occasion refers to such analogies.  Well, ball is in the air.  If you are new to this in forex, especially in spot Forex, it really is like that a lot of the time.  This business is not picking daisies.

[GVI Forex 2]

USDJPY 160.51 (high 160.62)

The farther USDJPY moves above 160, the more difficult it will be for the BoJ to intervene unless it was large scale and accompanied by a change in moinetary policy.

Meanwhile, 160.50 is now in play as a bias setter as it trades in unchartered waters.

[SF Monedge]

Shorting UsdYen 106.50 to hold and the buy side of Euro from 0665 to hold with the understanding, especially with Euro there could be a bit of a delay and a bit of a grind that causes one to be patient.  Looking for the 156 region for UsdJpy.  See stocks staying bid overall despite a bit of economic slowing and recent outflows.

[Mtl JP]

gvi forex 1:22 / I d call those “supports” u indicate targets

u stirr your coffee to the left, I to the right.
Is there a difference ? I d think in trading yes: thematic attitude

[Mtl JP]

10 yr 4.3 is in good direction BUT
still a long long way from 4.5% at least

[GVI Forex 2]

EURUSD 1.0672

If 1.0667 gives way key daiky AR chart supports liew below at 1.0649 and 1.0600.

[Mtl JP]

bowman – trained as lawyer – says
–
“inflation will decline with policy rate held steady”

and that rate cuts will “eventually” be appropriate if inflation does move sustainably toward 2%

hahaha. full employement, hot economy and they keep hanging out the ‘rate cut” carrot

[Mtl JP]

things “dollar” hinge to a good degree on bonds up-n-down

Yield | 8:54 AM EDT 4.281%

[Mtl JP]

EURO 1.0677

Like komodo draggon I smell 1.0667 in proximity

[Author]

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