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[SF Monedge]

I dedicated time to studying Amazing Trader and comparing to some things.  I found it to be quite useful.  As a former CTA I find no problem recommending it to anyone either as a main tool or complimentary to what you do.  The method is very similar to the way I used to participate.  I do things much differently now but definitely pay attention to what Jay is providing.

[SF Monedge]

My belief is the risk on (Euro) environment is shifting to risk off, you could see it last week despite the price activity, primarily in forwards and options.

[GVI Forex 2]

Big miss in U of M consumer sentiment on the downside but inflation expectations 1 year unch and 3-5 year moved higher

[Belgrade Knez]

June 14, 2024 at 12:00 pm
Belgrade Bobby

LIKE! 🙂

 

[GVI Forex 2]

USDX DAILY CHART – MORE THAN A EURUSD PROXY

 

 

USDX EXTENDING HIGHS AS THE DOLLAR FIRMS ACROSS-THE-BOARD.

Looking at this chart, if 1.0582 is cleared, then the major 106.60 level comes on the radar, suggestong more scope for the EURUSD downside if there is a break above this level.

[GVI Forex 2]

Note how EURUSD backed off after French stock bounce ran out of steam

French stocks are now down on the year.

[Belgrade Bobby]

EURUSD Daily

1.06450 Last line of defence for EUR.

Bellow this one, the space opens and the first level coming in play is around 1.02000

Then Parity…then 0.96000

Pick your choice…

Resistance 1.07150 & 1.07400 now.

 

[GVI Forex 2]

More important sign is that German-French bond yield spread is widening.

[GVI Forex 2]

EURUSD seems to be following a bounce in French stocks off the lows.

[GVI Forex 2]

Stocks;

Starting off the day in risk off

[GVI Forex 2]

June 14 (Reuters) – A look at the day ahead in U.S. and global markets by Alun John.

How U.S. consumers are feeling is the question for today, though it could be one of those relatively rare occasions when it’s developments in Europe and Asia that are driving the macro picture.

The University of Michigan’s consumer sentiment survey is due and last month’s reading was at a six-month low.

Morning Bid: Consumer check, but don’t forget France and Japan

[GVI Forex 2]

USDJPY 1 HOUR CHART – Whipsaw

 

Whether it was the BoJ covertly intervening above 1589 or safe haven flows selling EURJPY or a combination of both, USDJPY has whiosawed and is back into its range.

It is now dependent on 156.50-79 holding to keep the focus on 158.

[GVI Forex 2]

SAFE HAVENS ON FLIGHT FROM THE EURO

USD (EURUSD)

GBP (EURGBP)

CHF (EURCHF)

JPY (EURJPY)

[GVI Forex 2]

fRENCH ELECTION DATES

A long time for the cloud to hover over the EURO

SUNDAY JUNE 30 – SUNDAY JULY 7

[GVI Forex 2]

EURUSD DAILY CHART – RUN FOR COVER

 

 

EURUSD started the week down on French political news => raliied mid-week on US CPI -> ending the week down on French politics

Daily chart is clear, as long as it staYs below 1.0723 risk is for the MaY low at 1.0649 with the 2024 low at 1.0600 below it.

[GVI Forex 2]

FRA 40 CAC40) CFD WEEKLY CHART – WHY THE EURO IS WEEK

 

One look at the weekly French stock market tells you why the EURO has turned weak –FRENCH POLITICAL CONCERNS

[GVI Forex 2]

French politics weighing on euro

9( I was the I would be BoJ defending USDJPY above 158

[GVI Forex 2]

This is one of our most popular articles and after reading Knez’s post about 1.0850 it is worth showing again, both for those who have not read it and as a reminder for those who have read it as well.

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

My Favorite Trading Secret: The Power of the “50” LevelI’m

[Belgrade Knez]

Wednesday was perfect retrace on EU to fill the opening gap and FVG up to 1.0850, then ystd back to down journey….. on my chart weekly needs to close below 1.0750 today to stay bearish ….. I love when price moves by the book. 🙂

Now price tested weekly low at 1.0719 next is to test previous month low at 1.0649

[GVI Forex 2]

USDJPY spikes briefly above 158 after BoJ decision not to reduce bond purchases

[Author]

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