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[Mtl JP]

the game for market now is repricing of Fed easing risk
meaning eyes for weakeningg of the dlr

[GVI Forex 2]

 

The focus now shifts to the US jobs report on Friday where markets will be hoping fpor a miss to continue to trends seen this week.

From Newsquawk

US JOBS REPORT (FRI): Analysts expect the pace of monthly payrolls to pick up a touch in May; the consensus expects 180k, according to Bloomberg, vs the prior 175k (vs the three- and six-month average of 242k, 12-month average of 234k)….

Click for the fulll preview

[Mtl JP]

dlrx 104.16 players likely waiting for toms NFP before making a move

[GVI Forex 2]

USDJPY 4 HOUR CHART – 155-158?

 

 

If you look at 155-158 as the range then 156.50 becomes even more important as the midpoint of this range.

Note the low today was just above a 61.8% FIBO level

[GVI Forex 2]

Tug-of-war for USD

EUR up, others down or lagging

[SF Monedge]

A part of why Euro is not selling more robustly is possibly because stock futures are liking the rate easing.

[GVI Forex 2]

ECB statement being taken as slightly more hawkish than dovish but as I said no real surprises…. some are calling it a hawkish cut (contrast to BOC dovish cut yesterday).

[GVI Forex 2]

US jobless claims miss — higher than expecte

[GVI Forex 2]

ECB — no surprises

[GVI Forex 2]

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

 

 

Only posting the key levels to watch ahead of the ECB decision

[Belgrade Bobby]

EURUSD 4h

Supports at : 1.08600 , 1.08500 & 1.08350

Resistances at : 1.08800 , 1.08950 & 1.09150

Now it comes ECB – all hell will break loose

 

[Belgrade Bobby]

Economic Data Calendar – some HOT data today

 

[GVI Forex 2]

AT ALERTS – 15 MINUTE CHART ALERTS TODAY

Using a 0.25% risk and a 1.25 risk/reward

 

 

Click to see details for a 28 day Amazing Trader (AT) trial

[Mtl JP]

GVI forex 10:17 “market infused with interest rate cut excitement across the G7”

“Specific vulnerabilities may arise from the complexity and opacity of AI models; inadequate risk management frameworks to account for AI risks; and interconnections that emerge as many market participants rely on the same data and models,” she says.

Is there something new under the sun janet ?

[Mtl JP]

EYE on yellen

Yellen to warn of ‘significant risks’ of AI in finance while acknowledging ‘tremendous opportunities’

Yellen’s prepared remarks highlight the risks posed by the use of AI in finance

[GVI Forex 2]

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

Wall Street’s tech-led stock surge to new records has seen $3 trillion AI-champion Nvidia (NVDA.O), opens new tab replace Apple (AAPL.O), opens new tab as the world’s 2nd most valuable company in a market infused with interest rate cut excitement across the G7.

Morning Bid: New highs as Nvidia tops Apple, ECB and BoC easing

[GVI Forex 2]

EURUSD 4 HOUR CHART-ECB TIME

This is one of the more telegraphed monetary policy decisions, a 25bp rate cut with no commitment to future cuts.

To keep this really simple, EURUSD should find support as long as it trades above 1.08.

Techncially, the upside will remain at risk as long as it trades above 1.0827.

[GVI Forex 2]

Summary

ECB to cut deposit rate to 3.75% from 4.0%
Lagarde likely to stress no room for complacency
Recent data points to stronger growth, inflation

FRANKFURT, June 6 (Reuters) – The European Central Bank is all but certain to cut interest rates from record highs on Thursday and acknowledge it has made progress in its battle against high inflation, while also stressing the fight is not yet over given sticky services prices.

ECB to start cutting rates even as inflation fight continues

[GVI Forex 2]

June ECB meeting preview: The long-awaited cut

Investors and financial markets will be very surprised – and not at all happy – should Thursday’s ECB announcement not include the first cut in key interest rates since September 2019. With even the more hawkish Governing Council (GC) members having now adopted a notably more dovish line, recent central bank rhetoric has seemingly made a 25 basis point reduction a done-deal. This would lower the key deposit rate from its current record high to 3.75 percent, the refi rate to 4.25 percent and the rate on the marginal lending facility to 4.50 percent.

Assuming that rates are cut, the focus will be on any forward guidance for possible clues about when the next ease might be delivered. Any move on Thursday would necessitate some amendment to the existing language that, in a nutshell, says that current levels are thought to be appropriate for sustainably meeting the inflation target. … truncated

Econoday

[GVI Forex 2]

US yields keep falling => stocks correlating by rising

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