[GVI Forex 2]

There is enough data this week to keep the market on its toes culminating with US PCE on Friday that coincides with quarter/month end.

The initial focus should be on USDJPY after it closed within spitting distance of 160 and the 160.16 high. I am not in the BoJ’s shoes but if I am serious about defending 160 I would let the market run through the high and then come in hard with intervention. However, this plays out, 159-50-160.00 is going to be the nervous zone.

A key event will be Thursday’s Biden-Trump debate where the focus will likely be more on performance than substance and mental fitness to hold office for both candidates. At this stage it is hard to gauge which candidate would be better or worse for markets in a race that seems filled with more negatives than positives.

This all comes ahead of Sunday’s first round of French elections where logic says should put a limit on the EURUSD upside ahead of it.

[Belgrade Bobby]

And how about the World and Lebanon controls a bit Hezbollah ??

[Mtl JP]

an opinion

‘World cannot afford Lebanon to become another Gaza’: Guterres

[GVI Forex 2]

FOCUS OF THE WEEK AHEAD WILL BE ON INFLATION DATA. SEE DETAILED PREVIEWS IN THE FOLLOWING.

Newsquawk Week Ahead 24-28th June: Highlights include US PCE, BoJ SOO, Canadian and Australian CPI, Riksbank and CBRT previews and the Biden/Trump debate

Newsquawk Week Ahead 24-28th June: Highlights include US PCE, BoJ SOO, Canadian and Australian CPI, Riksbank and CBRT previews and the Biden/Trump debate

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

Trying to find a footing above 153.00 with immediate resistance just above the head at 163.30

Break below 153.00 opens a Pandora box …

[Belgrade Bobby]

Nvidia – NVDA

Has to stay above 120.00 for any renewed attempt for the new high.

Technically speaking , we should see another push up – short of previous high and then several weeks of a correction at least.

Two levels come to mind : 105.00 & 97.50

[Belgrade Bobby]

Apple Inc. – AAPL

Support at 209.50 , 200.50 & 196.50

An ugly pattern forming….difficult to get out of this situation right now – need some time, and to stay above 200 for any new attempt higher.

[Belgrade Bobby]

GME – GameStop Corp

My favourite Joke of the Year Stock

Going…going…Down….sold…

22.60 & 16.00 to watch for

[Belgrade Bobby]

Tesla Inc TSLA

Support at 173.85

Resistance at 185.50

Not much luck in this Up push…let’s see how it reacts on support.

Anyway , what Tesla shouldn’t lose at any cost is  167.50 – that would fully negate this run up that started in May.

[Belgrade Bobby]

BTCUSD Daily

Bitcoin continues to slide further down and first support that might come handy is at around 60K.

Leave the dreams, hopes and good wishes out of this – we are talking strictly technical.

This is not a miracle toy, but just a commodity of a kind that lots of people got hot on…but some wants also to take their profits…

Reality is that it should be heading to 56K and then we can talk about changing the direction

[SF Monedge]

This week has been a good visual for gradual liquidity builds in one direction and sudden and done reversals in a straight line then stall (they got their money).  Call it “Loonie” but I like Canadian Dollar and often Aussie on Fridays.

[michael Calif]

or sell current USDA rally   :Option Profile is short

[michael Calif]

trading long side buying into current EURUSD decline   :Option Profile

[GVI Forex 2]

Michael,

If you are still around on a Friday, how do you trade that EURUSD view?

Throiugh options, trading from the long side on dips, or buy and hold?

[michael Calif]

bigger picture – daily Euro futures completing double bottom from Dec 28 high   :Option Profile

[michael Calif]

selling daily USD futures; buying Euro futures   :Option Profile

[SF Monedge]

France’s left is proposing a “vast” tax and spend program to fix the  countries finances.  So they foul it up, take your money again, and spend your money again.  Sound

[SF Monedge]

This goes against every fiber in my being but Eur is beginning to look more appealing on these declines.

[GVI Forex 2]

BTC 4 HOUR CHART –  60K-70K?

 

 

BTC has turned soft below 65K but so far this is just a move within 60k-70k

I donlt expect bulls to give up on BTC unless sub-60K trades and major support is broken.

On the other end, the record high above 73K looks sade unless broken and as such  dampens enthusiasm  on the upside.

[Belgrade Bobby]

GBPUSD Weekly

Supports at : 1.26200 , 1.25750 & 1.23550

Resistances at : 1.27500 , 1.28800 & 1.30500

Judging by the Pattern, we are in for some supports testing.

 

[Author]

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