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[Mtl JP]

the fast as cobra that they are … not

in hindsight it s kashkaru with best opinions

[SF Monedge]

Citi just changed their Fed forecast to longer forever (September)

[GVI Forex 2]

USDX 4 HOUR CHART -REVERSAL OF FORTUNE

 

 

The move above 104.80 ends momentum to the downside and would now need to become support to suggest noive scope on the uspoide.

An equivalent level in EURUSD is 1.0827, also broken.

So for now, thoughts of USD breakouts to th3e downside are put to rest.

[SF Monedge]

This is about where stocks should stall if they are going to.

[GVI Forex 2]

USDJJPY 4 HOUR CHART – 155-158?

 

 

One of my personal trading rules is to be flat with no positions into key data releases. You can see why today afdter the surprise jobs report.

USDJPY, meanwhile, has broken 156.;49, which also breaks the downside risk in this chart.

As I noted, if yoiu take 144-158 as a range, 156.50 is the midpoint.

Above 156.50 would now be needed to gice it a bid bias.

[SF Monedge]

If you are just itching to sell UsdChf for some reason(s) I would not even begin to think of it until here a 8960 area

[Belgrade Bobby]

NVIDIA – NVDA (NASDAQ)

Nvidia stock joins $3 Trillion Club after dethroning Apple and chasing Microsoft

 

[Belgrade Bobby]

I have been very bearish on GameStop  GME, mainly due to key fundamental factors. The company continues to see revenue deterioration and the ultimate impact of online competition should render its business model obsolete over the very long term. That is why there is so much short interest in this name.

However, GME stock has been skyrocketing in recent days, surging more than 45% yesterday alone.

This recent surge is thanks to Keith Gill, also known as Roaring Kitty on YouTube and DeepF——Value on Reddit. Today brings yet another key Roaring Kitty catalyst, and GME stock fans should be watching closely.

 

[Belgrade Bobby]

And as I said – 1.09000 is a level not to be played with .

Believe it or not, I closed my Longs at 1.08950 , not wanting to risk it with the data…oh how clever I was 😀

[Belgrade Knez]

June 7, 2024 at 11:47 am
Belgrade Bobby

LIKE! 😉

[Belgrade Bobby]

EURUSD Weekly

Well, here we can see that the pressure is on the Up side.

Our current range should extend to at least 1.10000 , so another 100 pips…

Summer is here and from experience I can tell you that mostly during the summer we don’t move much.

But sometimes it can be a great opportunity to break out of given parameters.

So what’s gonna be….

 

[Belgrade Bobby]

EURUSD Daily

A bit of change in my approach to charts – I am sitting and looking at this daily chart and decided to pull back a bit and see what we really have here.

For almost a month we are sitting between 1.08 and 1.09 .

And if we put aside data, our intraday readings , expectation, formations, patterns….what do we get?

Well, we are stuck in 100 pips range.

As I said last night – Support 1.08850 – Resistance 1.09000

Looks ready to break up right now, but so many times we had perfect set up for a move, just to end up opposite and later on we are watching it and asking ourselves : how could I not see it…

So, unless we see a real break out of the range, just play within it and do not expect some spectacular outcomes.

 

[GVI Forex 2]

FRIDAY OFTEN TURNS INTO A ONE-WAY MARKET AFTER EARLY DUST SETTLES.

mUCH DEPENDS ON THE us JOBS REPORT.

i AM USINT THE us 10-YEAR 4.30% AS SORT OF A PIVOT/

[GVI Forex 2]

FRIDAY OFTEN TURNS INTO A ONE-WAY MARKET AFTER EARLY DUST SETTLES.

mUCH DEPENDS ON THE us JOBS REPORT.

i AM USINT THE us 10-YEAR 4.30% AS SORT OF A PIVOT/

[Belgrade Knez]

when we have a big movement on ECB rates and next day is NFP then NFP is usually mild reaction and vice versa ….. ystd we had a mild reaction on ECB rates so …….!?!?

[SF Monedge]

JP –      Prefer to be on the offer in Euro as a matter of principal but entertaining the bid into the data is the right side at the moment and wait.  It is either that or sell Aud at 666.  That read that correctly.  Aud 666.

[Mtl JP]

Gaming NFP
–
At least one FX fox I know will not trade the initial – usually short-lived – reaction.

Rather the FX fox will wait and reflect both on the new release AND the current market reaction, namely weather the reaction was with or against the expectation.

[GVI Forex 2]

When you see USDJPY make a move by itself it often involves a carry trade or unwinding of a carry or cross trade.

The price actiopn in XAUUSD and USDJPY overnight suggests it may have been sOme unwinding of XAUJPY POSITIONS.

[GVI Forex 2]

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

After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world markets have frozen awaiting the U.S. employment report.

The May payrolls report comes just ahead of next week’s Federal Reserve meeting and most of the labor market updates in recent days have indicated a gradual cooling in employment.

Morning Bid: US check on sub-4% jobless, China imports slow

[Mtl JP]

Trading on NFP

traders dont trade the jobs report. traders will trade other traders’ aggregate reaction to it.

[Author]

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