Contact us

[GVI Forex 2]

CPI msses on downside… yields down…dollar down…EURUSD more than fills its gap

[GVI Forex 2]

US yields keep slipping pre-data (10-year 4.386%)

[Mtl JP]

EURO 1.0762

the FIB I mentioned earlier … still valid S

[GVI Forex 2]

US yields on the soft side heading into CPI.

[Mtl JP]

GVI  10:37 / 7 to less than 2 …  the really good fun begins when players force the likes of the FED (ECB, BoJ)  into panic

 

[GVI Forex 2]

June 12 (Reuters) – A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick

What a difference half a year makes. Traders started 2024 convinced that the U.S. Federal Reserve would be able to cut interest rates up to seven times by December.

Analysts now widely expect Fed officials not only to keep the funds rate at its 23-year high of 5.25% to 5.5% at the end of their monetary policy meeting on Wednesday, but also to project just one or two rate cuts this year, down from three.

Morning Bid: Can this rally fight the Fed?

[GVI Forex 2]

EURUSD 4 HOUR CHART – HAS IT BOTTOMED?

 

 

One way or another the gap should be resolved today depending on how markets react to US CPI and the FOMC.

Using Amazing Trader logic, the second red line on this chart (1.0733) forms what is called a Directional Indicator, indicating a potential change in direction.

For this to play out, 1.0733 needs to hold as supportand 1.0774 would need to be taken out.

In any case, for filling the gap to be a risk, 1.0719-20 would need to become support. Otherwise, the downside is at risk unless the gap is filled and more.

With all that said, 1.0750 will set he intra-day tone on a day where the reaction to news will be more more important than the news itself.

[GVI Forex 2]

TAKE THE CHALLENGE. CASH PRIZES AND MORE!

Global-view Trading Club Challenge

 

 

Global-view Trading Club Challenge

[Mtl JP]

Apple and AI

Includes the word “generative”.  This also means “can make decisions”.  Not just peruse and classify information. It means ability to generate new contents (new text, new images, decisions from a data base).  Making a deal with ChatGPT – an open AI – and what is interesting is that to make use of that one will need iPhone 15+ .  In this new version, there will actually be less applications on one’s phone.  One will be able to imagine some scenario, verbalize it by typing it out on the iPhone and hit “go” (or “generate”) .  This is the future: I ll have no application, I have done nothing, I ll have not lived anything.  All I ll have done is imagined / invented something.  This … is where things are heading. Talking of “fake news” : one will have invented fake memories, images, videos without having touched anything.  This is where things are heading: into tomorrow where tomorrow is “just a moment ago”.  It is, maybe, good for Apple’s stock. Maybe in one, two years,  GVI Forex will type out  A look at the day ahead in U.S. and global markets by GVI Forex and hit “go”  and …

have a good day

[Belgrade Bobby]

AAPL

Apple’s shares reached a record, exceeding $3 trillion market cap following a partnership with OpenAI and new product launches incorporating OpenAI technology and Affirm payments in Apple Pay.
Apple’s stock rose 6.6% in one day, adding $194 billion to its market cap, nearing Microsoft as the top U.S. company.

 

[GVI Forex 2]

US500 4 HOUR CHART – Record Territory

 

 

Looking at this chart, upside is at risk as long as the highlkighted red AT line stays intactr.

I noted, when in record high teritory, the new high is the only key resistance level.

CPI and FOMC tomorrow.

[Mtl JP]

Awww … but you only live once

And you can’t take it with you

US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to a new Bankrate study.

[Mtl JP]

DLRx 105.26

market is taking it easy, not even degenerate traders are trying to poke at the whale
ahead of wednesday’s CPI and FOMC

sometimes … it is quiet – consolidating – before a frenzy

[GVI Forex 2]

EURUSD 30 Minute Chart – Using Amazing Trader Lofic

 

 

Using AT logic, 1.0737 is a key day lwevel

Above it ends the last leg down and shifts focus back to 1.0750

If it holds, bounce off the low will stall

[SF Monedge]

All the moves are made.  Rest of activity will be noise until the Fed so its only a matter of staying with the bias (short Euro) on bid cycles intraday or otherwise.

[GVI Forex 2]

sOMEONE HAS HIS/HER FINGER IN THE DYKE AROUND eurusd 1.0720

[GVI Forex 2]

BTC 4 HOUR CHART – KEY LEVEL

 

 

I hate to look at a BTC chart strictly by levels but doing so shows a risk to a key 65933 level, below which would indicate a shift in risk away from the upside.
‘
On the other hand, looking at what I call pivotal levels, it would take a firm break of 65K to put thoughts of 70k+ at rest for now.

[Mtl JP]

EURO 1.0727
bbrg “Macron Says French Election Won’t Affect His Status as President” hahaha
–
Some players decidedly rejected other players’ attempt at closing the gap yesterday and so puppy currently maintaims bear bias.

S at the Fib and then 1.0675/50
R 1.0775

[SF Monedge]

Market is sideways since Asian open, trading accordingly.  Any viewers out there who never post have an idea or two?  Would be fun to hear you.

[Mtl JP]

DLRx 105.37

Puppy appears to have a bid tone but with a note of cautious fragility considering yesterday’s inside day.

Dot plot (two cuts this year) and Jerome’s yak (possibly made to appear hawkish & maybe push dlr higher) offer potential for players from which to profit

[Author]

Posts