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[GVI Forex 2]

XAUUSD up again and in spitting distance of 2400.. scroll down to see a post with a daily chart

[GVI Forex 2]

EURUSD 1.0677

No apparent news I have seen other than a delayed reaction to risk of ECB diverging with Fed and cutting rates sooner rather than later.

Break of 1.0693 major support leaves a void on the downside if the breakdown holds. 1.0650 is the next likely level while below 1.0693

Note euro is weak in various crosses as well.

[SF Monedge]

after further review of the Option Profile, 7:32 pm post is cancelled  …  gtwo3 will not sell SP500 e-mini futures at 5300, but instead stay long.

[Mtl JP]

sorry brothers and sisters if this is boring
from the “useless crap” file:
–
“We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction of bringing interest rates down,” Georgieva said on CNBC’s “Squawk on the Street.” “But again, don’t hurry until the data tells you you can do it.”

People should be optimistic about the future of the United States as the country does not feel as much upward pressure on labor costs compared with other places, the former World Bank CEO said. And the U.S. government can play a relatively bigger role in keeping the economy from overheating, Georgieva said, which is another reason for optimism on the country’s financial health.

only from a salaried character whose paycheck comes in every week regradless of genious or joker …

[Mtl JP]

“THEY” just wont give up the theme
–
Might
– We might see two rate cuts by the end of the year, says Wharton’s Jeremy Siegel (CNBC)

Could
– (Reuters) – The Federal Reserve could start interest-rate cuts as early as its late-July meeting, traders bet on Thursday, after a government report showed producer prices in March rose a bit less than expected. …/..

And with that peasants feel free to place their bet(s)

[GVI Forex 2]

XAUUSD DAILY CHART – ANOTHER RECORD HIGH

If you look at a daily chart you would just call it a short-lived correlation before setting another record high.

If you were watching the sharp move up on US bond yields you might have expected a deeper retracement.

Whatever the case, XAUUSD is back in unchartered waters with 2400 probably the next target in the ansebce of any resistance pther than the new high.

On this chart, a move back below 2319 would be needed to negate the risk.

For those using The Amazing Trader, this is a clear ladder-up pattern with 2319 the last red line before a new high.

[SF Monedge]

Any interest in selling June USD futures at 105.36 is cancelled until further notice

[Belgrade Bobby]

Oh no Monedge 😀 I am just way tired….it is evening here 🙂 I’ll start from tomorrow mid europe

[SF Monedge]

Bobby are you out there lol?  I know you are making sure you say good trades

[SF Monedge]

Per my colleuges… SP500 June e-mini futures are rallying back toward a Seller-controlled top at 5300 …

[SF Monedge]

I believe our post from 6:14 PM Pst applies.

[SF Monedge]

repeating earlier email – buying June 10yr futures under 108′

[SF Monedge]

10 year analasis pending, give it a minute or two….

[SF Monedge]

Some days you wake up not wanting to talk with anybody and you get responsible and all heck breaks loose lol.  Be positive.

[SF Monedge]

Why does that matter?  See posts below.  Correlations.

[SF Monedge]

My colleagues are of the position that the option profile still suggests June Gold futures are no longer bullish above 2350  …

[SF Monedge]

Dxy 104.20 held, we are looking at 106.50 potentially.  That is the score unless something unsettles markets…..

[SF Monedge]

Taking the 60 onthe Sterling short from yesterday here only because Eur is hitting a figure.

[SF Monedge]

My colleagues believe Yen June futures are forming a tradeable low under .6600;  June Euro futures remain seller controlled for now.  Also, Option Profile still suggests June Gold futures are no longer bullish above 2350.

[SF Monedge]

It might sound silly to some, but having 30 years of experience in this.  Trading in my pajamas at 3am and years later running bank money.  Pick your favorite songs while trading even if people have a problem with it.  It works lol.

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