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[Mtl JP]

Euro 1.0725
–
Languising N of 1.07 but so-far a miserable rebound from last week’s 1.0675 ish low.

Res 1.0740 / 50 . Ultimately puppy would need to see N of 1.0850 to get some uplift.

[Mtl JP]

10-yr 4.106
–
right or wrong I blaame the FED for buying yellen’s paper

13:00 – fed’s harker yaks on economic outlook

[GVI Forex 2]

Thgis is a timely article worth reading

Geopolitical and political events can unnerve markets. While they are different animals, markets often react in the same way. From a trader’s perspective, the question is how to trade during these times.

French Election: How to Trade in a Political Market

French Election: How to Trade in a Political Market

[GVI Forex 2]

iT’S NOT BRAIN SURGERY TODAY IF YOU WATCH THE RISK INDICATORS

FRENCH STOCKS BOIUNCE

BOND SPRED COMES IN

EURUSD FIRMS A TOUCH ABOVE 1.0719-20 (LAST AT 1.0722)

[Belgrade Bobby]

Recently held European Parliament Elections , that led to new French Elections (   An early legislative election is expected to be held in France in two rounds on 30 June and 7 July 2024, to elect the 577 members of the 17th National Assembly of the Fifth French Republic. ) are not going to change anything in Europe – at least not overnight.

All that fuss and market uncertainty talks are just the need of the market participants to look for some new opportunities and to shake it a bit.

Only one that is in the problem is French President Emmanuel Macron – guy has to start looking for the new job…his chair is in the question and not the Destiny of the World.

Etiquettes like Far this and that are just etiquettes….not a single politician is far anything…unless caught from time to time as went too far away with lying, stealing and such…

So calm down and let the EURUSD go it’s marry way – Down….

Facts that no one is mentioning when talking about Europe , like increased unemployment of youth, hysterical inflation that is not going to go away, closing of big companies, war on it’s continent, to name just a few are the real reasons behind the need for EUR to kind of devaluate…

[Belgrade Bobby]

EURUSD 4H

Resistances at : 1.07200 , 1.07650 & 1.07950

Supports at : 1.07100 , 1.07000 & 1.06600

 

[GVI Forex 2]

FEIE

EURUSD more sensitive to the current bounce in French stocks than the last dip.

Last testing 1.0719

[Belgrade Knez]

I am starting to look at the gold from today ….. moves much much more than EU hence gives more opportunity and no need to stay long in the trade to get decent profit….

[GVI Forex 2]

USDJPY 1 HOUR CHART – BOJ LOOMING

 

 

If it wasn’t for the BoJ threat one could make a case for a run at 160.

But the threat is there above 158 so expecy caution if approached but support as long as it stays aboive 157, stronger if 157,50 becomes support

[GVI Forex 2]

As I posted last night

Key levels are at the 1.0667 low (major levels 1.0649 and 1.0600) and 1.0745 (suggests limited upside unless 1.0750 trades, stronger bias if it stays below 1.0719

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall Street stocks and bonds remained relatively buoyant after last week’s action-packed macro week with world markets drawn more to French political uncertainty and the deepening Chinese home price bust.

With trouble brewing overseas, Wall Street stock futures held the line close to last week’s new records on Monday as Goldman Sachs raised its 2024 year-end S&P500 (.SPX), opens new tab target to 5,600 from 5,200 earlier and Friday’s 5,431 close.

Morning Bid: Buoyant US eyes French angst, China home woes

[GVI Forex 2]

FRA40 30 Minute CHART UPDATED TO SHOW CORRELATION

 

 

Just to show in the absence of any news the correlation between EURUSDD *1.0713 last) and the pop in FRA (CAC)40

[GVI Forex 2]

Note the correlation

Now CAC 40 is back above7500 and EURUSD had a little bounce

[GVI Forex 2]

FRA40 (CAC40) 30 MINUTE CHART – BACK BELOW 7500

 

 

CAC 40 giving back earlier gains and now is in the red

Noite the correlation with the EURUSD as stocks dipped

[Mtl JP]

hahaha
reuters is reporting that investors are spooked by prospects of a far-right government

[GVI Forex 2]

Here is a real time German-French 10 year bond spread

German-French 10 year bond spread

[Mtl JP]

Morgan Stanley: Implications Of The French Elections For Markets
“The upcoming parliamentary elections in France come with much uncertainty as the electoral system with two rounds makes results hard to predict.”

In other words uncertainty implies tug of war amongst market participants. Then, at some point, one of the belligerent politicians gets relegated to the garbage heap of history and … new orientations emerge

[Swiss Frank]

CHF maybe nearing levels for attractive shorting again. Main risk that it’s not might be safe haven flows (misguided?) due to Ukraine war escalation which looks like a certainty. Possible place to start might be long aud/chf .5880-.5820. Maybe.

[GVI Forex 2]

A look at the day ahead in European and global markets from Wayne Cole.

A muted start to the week in Asia with Chinese data too mixed to provide much momentum as political uncertainty in Europe lurks in the background….

It was notable that no less than five European Central Bank sources stressed to Reuters that the institution was not planning any emergency buying of French bonds, knowing the market will be pushing for exactly that.…

Morning Bid: China fails to cheer, as France scores own goal

[Mtl JP]

EYE ON YELLEN
–
yellen says
“use of Russian assets is not ‘theft’ ”

putin, for his part, disagrees: “Despite all the chicanery, theft will certainly remain theft. And it will not go unpunished,”

[Author]

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