[SF Monedge]

UsdMexicanPeso is a screaming buy due to uncertainty with Mexico’s 1st female President voted in the other day.  Not to mention an historic 37 candidates have been assassinated.  Perhaps we can factor in, as one official pointed out, “she is also a mother and used to dealing with tantrums and meltdowns.”  Nice outlook.

[SF Monedge]

It is a new quarter.  There has been a bit of disconnect between yields and Dxy of late in some sessions, and quite a bit of adjusting convictions in everything including commodities.  Some pivotal areas at question.  My stake is back to the dollar overall until proven otherwise albeit facing rate cut expectations.

[GVI Forex 2]

XAGUSD DAILY CHART – $30 AND 10%

XAGUSD fall from a 32.50 double top reached around 10% to today’s low.

The break of $30, meanwhile, makes this the pivotal level that will determine whether the retreat has farther to fo go.

Similar to XaUUSD, I would not be suroprised to hear JPY cArry trades being unwound.

[GVI Forex 2]

XAGUSD DAILY CHART – $30 AND 10%

XAGUSD fall from a 32.50 double top reached around 10% to today’s low.

The break of $30, meanwhile, makes this the pivotal level that will determine whether the retreat has farther to fo go.

Similar to XaUUSD, I would not be suroprised to hear JPY cArry trades being unwound.

[GVI Forex 2]

XAGUSD DAILY CHART – $30 AND 10%

XAGUSD fall from a 32.50 double top reached around 10% to today’s low.

The break of $30, meanwhile, makes this the pivotal level that will determine whether the retreat has farther to fo go.

Similar to XaUUSD, I would not be suroprised to hear JPY cArry trades being unwound.

[GVI Forex 2]

XAUUSD DAILY CHART – XAUJPY?

XAUUSD continues to struggle to regaun a footing. This leaves 2303 support as the level that needs to hold to contain the downside.

While I am not privy to what carry trades are being unwoiund I would not br surporised to hear that XAUJPY is a factor.

[GVI Forex 2]

JOLTS misses on downside (fewer job openings)… this week surprise index has been on the downside

[GVI Forex 2]

US bond yields still slipping (10 year 4.35%)… cautioius FX so far but off earlier highs… next up US JOLTS report

See our Economnic Calendar

[Mtl JP]

re yen 155 market trying to figure out
there is nothing to figure. mof / boj happi slapping backs and high-fiving:
–
The Japan Times
Japan spent record ¥9.8 trillion to prop up yen in past month
The record spending on intervention shows the government’s resolve to push back against speculators betting against the yen.

got that speculators ?

[GVI Forex 2]

USDJPY is back above 155 even as yields slip — market trying to figure out if it is yields or risk on/off driving USDJPY

[GVI Forex 2]

EURUSD 30 MINUTE CART – Supports

So far Bobby’s EURUSD 1.0860 level is holding (low 1.0858)

Note EURUSD was trading around 1.0845 yesterday just prior to the weaker ISM PMI report so a level that bulls do noit want to see trqde although chart supports are below that level.

[SF Monedge]

Well I came in yesterday saying I am a Dollar bull for the week overall and caught some heat for it in the background due to initial selling but here we are thankfully.  I am short Cable and Germany vs Dollar, long UsdSgd (Singapore), and not yet long Dollar vs Franc due to rate decision proximity.  Canadian Dollar pending (rate).  I think rates are consistent in Australia for a while and due to event risk and the gold effect am hesitant to be on the offer with that and am more focused on seeing selling begin to abate.

[Belgrade Bobby]

BTCUSD – Bitcoin Daily

Seems that lill coin is holding onto thin air right now…

Watch that support trend line below it…be careful, very very careful 😀

[Belgrade Knez]

Bobby … I am here every day …. “milking” market as much as I can 😉

[Belgrade Bobby]

Hey Knez 😀 Where have you been mate

[GVI Forex 2]

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

With a still-powerful “buy the dip” instinct in stocks, U.S. markets are having a rare bout of jitters about a slowing economy – with Treasury yields, the dollar and oil prices all swooning over the past 24 hours.

Morning Bid: Wall Street’s growth gasp as rates, dollar, oil skid</strong>

[Belgrade Knez]

June 4, 2024 at 10:28 am
Belgrade Bobby

LIKE! 🙂

[GVI Forex 2]

AUDJOY DAILY CHART – JOY THE OUTPERRFORMER, AUD THE UNDERPERFORMER

You can see why AUDJPY 102.59 is important as there is a void below it.

On the upside,stays offered as long as it trades below the 103.50 former support.

Should 102.59 be broken, 102 (psychological) is a poyential suppoty or pause level.

[Belgrade Bobby]

EURUSD Daily

Supports : 1.08550 , 1.08350 & 1.08150

Resistances : 1.08800 , 1.08950 & 1.09200

As long as above 1.08600 it is Bullish

[GVI Forex 2]

How do we know it is a run foir cover or lower bond yields or a combination?

Look at the tug-of-war day…

JPY and CHF are firmer on respective crosses… UP vs. the USD while the USD is firmer vs. the others, led by a weaker AUdUSD.

[Author]

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