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[Mtl JP]

anyone could use a good belly laugh ?

Biden’s economic adviser Jared Bernstein

[Mtl JP]

missed loading long dlrch as my laying order was a tad too low so did not get picked up

now eyeballing short euro here at 1.077ish butting against some converging MA Res on the daily. puppy will likely need to breach 1.0825 to reach for higher.

[GVI Forex 2]

NEXT KEY EVENT RISK’

AUSTRALIA (RBA) RATE DECISION (04:30 GMT) – SEE DETAILED PREVIEW

AUSTRALIA (RBA) RATE DECISION (04:30 GMT) – SEE DETAILED PREVIEW

[Belgrade Bobby]

Nvidia – Going for a triple top or….

[SF Monedge]

UsdChf sell side looks decent in Asia tonight for a few pips.  Overall picture is different.  See it long as mentioned earlier for higher ground inevitably.

[michael Calif]

Option Profile originally went SHORT Gold futures above 2400, and remains so

[GVI Forex 2]

SEE WHETHER YOU SAY YES/NO TO ANY OF  THE QUESTIONS ON THIS SELF-EVALUATION TRADING  CHECKLIST

Help! Why Can’t I Make Money Trading?

 

Help! Why Can’t I Make Money Trading?

[GVI Forex 2]

XAUUSD 4 HoUR CHART

On this chart, 2291 NEEDS to hold as support followed by a firm break of 2328 would be needed to put 2352 in play again

On the downside, 2291 needs to hold to keep a bid under the market, and thoughts of the 2277 low at bay.

The bottom line, the low is not yet confirmed and only would be if 2328 is firmly taken out.

[Mtl JP]

Tom Barkin

Navigating Data Whiplash
https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2024/barkin_speech_20240506

[SF Monedge]

Looking like EurChf wants to fill the gap at 9800 in time.

[Mtl JP]

US 10-YR 4.50% UNCH
ahead of two voter yakkers at top of hour
–
likely to diagnose and maybe prognose on policy outlook post-jobs data

[SF Monedge]

For novices – there is a nice trendline from last weeks low in AudUsd that value is resting on at around 6620, and since Aud has good fundamental one might argue it would move higher.  You must pay attention to the bigger picture though.  If you look at larger time frames of analysis, 6660 could end up being a solid resistance area for bulls.  AND it has the mark of the beast on it!

[GVI Forex 2]

USDCAD 30 MINUTE CHART

Trades bearish while below 1,3697 but trapped as long as it stays above 1.3647  (Power of 50) level.

Looking at major levels (daily chart) they do not come in until the mid-1.35s and resistance in the 1.37s.

 

 

[SF Monedge]

See EurJpy 167 and possibly 168 being revisited in coming days as a likelyhood.

[SF Monedge]

I wouldn’t think of selling equities until OEX options gets to around 2480 and its important to realize that Chinese equities have a tailwind that appears likely to stick based on the profile of inflows.  That means odds are stacked to buy USD when it gets there.  Maybe a day or two.

[GVI Forex 2]

EURJPY 4 HOUR CHART

EURJPY correcting off the 164.00 intervention led low. This is the key level on the downside but only a move back above 167.38 would confirm a near-term low is in.

These are the key levels on this chart, anything in between is just minor.

Note, BoJ interventions, at a minimum, have restored a two-way risk although it has been in USDJPY and not on JPY crosses.

[GVI Forex 2]

Michael can yoiu email me pols tks jay@localhost

[michael Calif]

…  just for input , Option Profile on USD futures remaions SHORT as it declines from 106.00

[Mtl JP]

Monedge / I tend to agree.
dlr has likely caught a bit of a cold and is likely to remain on the defensive as players currently co-opt and game their perception of Fed’s outlook

[SF Monedge]

Appears to me UsdJpy might sag toward 153 from here before attempting to find value around 156 again.  Us stock internal flows are positive but a bit sideways today, so the conviction is muted, which usually translates to weak but muted sell side bias for Usd in my experience.

[Author]

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