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[GVI Forex 2]

USDJPY 4 HOUR CHART – CARRY TRADES?

 

 

Break of 158.25 leaves a void until the major 160.16 high. Normally this would be a clear path hher but BoJ intervention risk cannot be ignored.

On the downside, expect a very strong bid if 157.25 becomes support although bids likely below the market as long as above 157.50

As I noted this week, putting the pieces of the puzzle together, affirmer stocks and a firmer USDJPY suggest the JPY could be a funding currency of choice for carry trades.

[GVI Forex 2]

USDCHF 4 HOUR CHART – FX RATE PROTESTR?

 

 

The SNB decisiob to cut interest rates was proably partly in trsponse to the recent appreciation of the CHF/

As this chart shiws, .8992 is the key level that would need to be broken to break the downtrend (trendline as well).

In any case, the rate cut has restored a 20way risk

[GVI Forex 2]

SNB cuts key cuts 25 bps to 1.25% from 1.50% previously

[GVI Forex 2]

SNB cuts key cuts 25 bps to 1.25% from 1.50% previously

[GVI Forex 2]

A look at the day ahead in European and global markets from Ankur Banerjee

British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest rates – just not on Thursday.

Morning Bid: Bailey likely to bail on rate change

[GVI Forex 2]

June BoE MPC Preview:
Inflation still the stumbling block to rate cuts

The BoE’s May MPC meeting saw Deputy Governor Dave Ramsden join long-term dove Swati Dhingra in calling for an immediate 25 basis point cut in interest rates. The other seven members all again opted for no change. Approaching this month’s meeting, there has been a further, but less than wholly convincing, decline in inflation, while wages have remained stubbornly robust. Consequently, with the real economy having moved out of recession, the overall mix has left speculators expecting no change in Bank Rate and the first cut to be deferred until at least the first meeting after the summer break in August.

Econoday

[Belgrade Bobby]

NASDAQ 100

Can it possibly break over 20.200.00 and hold within the upper channel ?

 

[Belgrade Bobby]

EURUSD 4h

Break below 1.07350 would open a road for test of previous low.

Levels to watch : 1.07100 and 1.06850

Right now the cap is at 1.07500 and 1.07750

[Belgrade Bobby]

CRWD (NASDAQ)

Missed Out on Nvidia? Here’s Another Top AI Stock to Buy Now.
CRWD stock has risen by 471.7% over the last five years. The company’s revenue has climbed from $249.8 million in fiscal 2019 to $3.06 billion in fiscal 2024. Analysts expect its revenue to grow by double digits over the next two years, and rate the stock as a “strong buy” overall.

[Belgrade Bobby]

Nvidia’s Ascent to Most Valuable Company Echoes Dot-Com Boom

Nvidia became the U.S.’s most valuable listed company Tuesday thanks to the demand for its artificial-intelligence chips, leading a tech boom that brings back memories of one from earlier this century.

[GVI Forex 2]

3  CENTRAL BANK DECISIONS ON THURSDAU. THE KEY ONE IS THE BANK OF ENGLAND

SSEE NEWSQUAWK’S DETAIL PREVIEWS“

SEE NEWSQUAWK’S DETAIL PREVIEWS“

[GVI Forex 2]

If you do not believe the Power of 50, look at this 5 minute EURUSD chart, see how your emotional bias changes when it trades above/below 1.0750

My Favorite Trading Secret: The Power of the “50” Level

My Favorite Trading Secret: The Power of the “50” Level

[Belgrade Bobby]

EURUSD 4h

Support at 1.07250 held nicely, now facing resistance at 1.07600

Ideal target is at 1.07750 and it is the resistance to watch – if holds, we have a nice downward channel fully formed.

[GVI Forex 2]

EURUSD 4 HOUR CHART- – WATCH 1.0750

 

 

EURUSD mirroring the USDX chart with momentum to the downside broken after the break of 1.0745 yesterday.

As noted earlier, a move above 1.0750-1.0760/65 would be needed to add legs to the move up. For day traders, a.0750 will set the tone.

The trendline on this chart is acurrently round Knez’s 1.0780 level posted yesterday.

[The Amazing Trader]

GBPUSD 4 HOUR CHART – WAITING FOR BOE

 

 

GBPUSD finding a bid ahead of the BOE rate decision on Thursday.

While rising red AT lines off the low indicate a potential change in direction, 1.2763 would need to be decisively taken out to confirm

[Mtl JP]

Brian Swint at Marketwatch

European Stock Markets Slip, Asia Gains Amid Fed Rate-Cut Hopes. Treasury Yields Suffer.

The prospect of lower interest rates and the boom in technology stocks in the optimism that artificial intelligence will boost profits is helping markets worldwide. … . … “if conditions continue to ease as expected, an easing of policy later this year would be appropriate.”

[GVI Forex 2]

USDX 4 HOUR CHART – EURUSD PROXY (57.6% OF THE INDEX

 

 

Let’s start the day by looking at the USD INdex, where momentum has TILTED to the downside.

However, using USDX as a EURUSD proxy suggests EURUSD would need to extablish above 1.0750 (AND THEN 1.0760-65) to Put pressure on the USDX downside where 105.14 is THE FIRST LEVEL OF support.

 

OTHER CURRENCIES VS. THE DOLLAR

AUDUSD BID BUT HELD A TEST OF .6675 – SCROLL DOWN TO SEE CHART

USDJPY HIGH YESTERDAY WAS 2 PIPS BELOW THE KEY 158.25 HIGH

EURUSD CAN’T MAKE UP ITS MIND. BUT FINDS SUYPPORT WHILE ABOVE 1.0720.. RANGE WIDENED TO A PALTRY 1.0725-1.0742 (WON’T LAST)

EURGBP A TOUCH LOWER WAITING FOR THE BOE TOMORROW

US holiday clearly dampening trading activity

[Mtl JP]

Miaaaw !
maybe nothing , maybe something

on zh: The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses
“Massive sales by Norinchukin could have a sizable effect on the U.S. bond market.”

[GVI Forex 2]

EURUSD 1 HOUR CHART – 9 HOURS AND COUNTING

 

 

I cant resist posting this chart with an update of the 1.0734-42 range, now 9 hours in an 8 pip range

It won;t last but I said that 7 hours ago.

[GVI Forex 2]

Holiday Notice: Juneteenth

The New York Stock Exchange and the Nasdaq are closed on June 19, as are U.S. bond markets. Trading will resume on the morning of June 20.

[Author]

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