[SF Monedge]

I should qualify my earlier statement.  My recommendation is strong, I am the furthest thing from stupid.  There was a time THE Vice President of a national title company would drive me all over California, and I was given VIP status where the order was “Ay time Mr. ___ shows up at your office you give him whatever he needs.  I went from broke to having the trust of major banks.  I called THE Vice president of a major bank and said “Rob its Tom I have another one, GMAC has it the numbers will work, and he called the courthouse steps to stop the foreclosure, and the Widow calls you up crying thanking you and your wife is crying saying I love you … and I didn’t charge that widow a penny.  That is they type of person you should be working with.  I have spoken with Jay.  He is one of them.

[SF Monedge]

Not to hog the foum but I also have a recommendation, as someone who has dealt with bank traders across the globe, and in person in various cities.  There was a rule in my office, when I literally was doing so much business I took over an entire building and everyone in that building ended up working with me.  They had a home and loved the vibe.  We burned out 3 fax machines in one month we were so busy.  The unspoken rule was that if you are a sour person you would simply not last in that office.  They would just evaporate on their own, the nice people stuck.  I did not tolerate sour attitudes.  Surround yourselves with nice people like Jay at Global View.

[SF Monedge]

I dedicated time to studying Amazing Trader and comparing to some things.  I found it to be quite useful.  As a former CTA I find no problem recommending it to anyone either as a main tool or complimentary to what you do.  The method is very similar to the way I used to participate.  I do things much differently now but definitely pay attention to what Jay is providing.

[SF Monedge]

My belief is the risk on (Euro) environment is shifting to risk off, you could see it last week despite the price activity, primarily in forwards and options.

[GVI Forex 2]

Big miss in U of M consumer sentiment on the downside but inflation expectations 1 year unch and 3-5 year moved higher

[Belgrade Knez]

June 14, 2024 at 12:00 pm
Belgrade Bobby

LIKE! 🙂

 

[GVI Forex 2]

USDX DAILY CHART – MORE THAN A EURUSD PROXY

 

 

USDX EXTENDING HIGHS AS THE DOLLAR FIRMS ACROSS-THE-BOARD.

Looking at this chart, if 1.0582 is cleared, then the major 106.60 level comes on the radar, suggestong more scope for the EURUSD downside if there is a break above this level.

[GVI Forex 2]

Note how EURUSD backed off after French stock bounce ran out of steam

French stocks are now down on the year.

[Belgrade Bobby]

EURUSD Daily

1.06450 Last line of defence for EUR.

Bellow this one, the space opens and the first level coming in play is around 1.02000

Then Parity…then 0.96000

Pick your choice…

Resistance 1.07150 & 1.07400 now.

 

[GVI Forex 2]

More important sign is that German-French bond yield spread is widening.

[GVI Forex 2]

EURUSD seems to be following a bounce in French stocks off the lows.

[GVI Forex 2]

Stocks;

Starting off the day in risk off

[GVI Forex 2]

June 14 (Reuters) – A look at the day ahead in U.S. and global markets by Alun John.

How U.S. consumers are feeling is the question for today, though it could be one of those relatively rare occasions when it’s developments in Europe and Asia that are driving the macro picture.

The University of Michigan’s consumer sentiment survey is due and last month’s reading was at a six-month low.

Morning Bid: Consumer check, but don’t forget France and Japan

[GVI Forex 2]

USDJPY 1 HOUR CHART – Whipsaw

 

Whether it was the BoJ covertly intervening above 1589 or safe haven flows selling EURJPY or a combination of both, USDJPY has whiosawed and is back into its range.

It is now dependent on 156.50-79 holding to keep the focus on 158.

[GVI Forex 2]

SAFE HAVENS ON FLIGHT FROM THE EURO

USD (EURUSD)

GBP (EURGBP)

CHF (EURCHF)

JPY (EURJPY)

[GVI Forex 2]

fRENCH ELECTION DATES

A long time for the cloud to hover over the EURO

SUNDAY JUNE 30 – SUNDAY JULY 7

[GVI Forex 2]

EURUSD DAILY CHART – RUN FOR COVER

 

 

EURUSD started the week down on French political news => raliied mid-week on US CPI -> ending the week down on French politics

Daily chart is clear, as long as it staYs below 1.0723 risk is for the MaY low at 1.0649 with the 2024 low at 1.0600 below it.

[GVI Forex 2]

FRA 40 CAC40) CFD WEEKLY CHART – WHY THE EURO IS WEEK

 

One look at the weekly French stock market tells you why the EURO has turned weak –FRENCH POLITICAL CONCERNS

[GVI Forex 2]

French politics weighing on euro

9( I was the I would be BoJ defending USDJPY above 158

[GVI Forex 2]

This is one of our most popular articles and after reading Knez’s post about 1.0850 it is worth showing again, both for those who have not read it and as a reminder for those who have read it as well.

My Favorite Trading Secret: The Power of the “50” Level

My Favorite Trading Secret: The Power of the “50” LevelI’m

[Author]

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