[SF Monedge]

Sterling rates have turned negative finally to compliment Euro forwards, UsdJpy rates are not overwhelmingly negative but strongly slanted that way in addition to options, futures, and other neural aspects.  Sell side of UsdJpy should stick overall and so should Euro and Sterling.  Until Nvidia.

[Mtl JP]

Jay I am using the left side of the quote
currently at 104.692 /104.722

[GVI Forex 2]

JP, is it a matter of different CFD feeds? I show USDX at 104.84

[Mtl JP]

DLRx 104.68
just at Friday’s high atm

Dlr is currently somewhat on the up-n-uP after some concentrated yikyak by FED’s mandarins about “confidence” and about yes or no rate being neutral . As if waller comments got detected just by a smallish section of the trading community waller is scheduled for a re-yikyak about “neutral rate” on Friday. And probably like waller I think the FEDs have uphill battle convincing market about which way the next rate move.

[michael Calif]

Option Profile is BEARISH Euro futures – TOP is in for a while

[SF Monedge]

GVI – regarding Britain, forward rates for Euro are decidedly on the sell, and for Sterling they are overwhelmingly on the bid.  That is very unlikely to change today.  Market did nothing on this morning’s data.  Stocks are waiting for Nvidia.  The highly moderate bid tone in stocks anticipated pre-market did transpire but overall in a holding pattern.  Could be a 20 point range today in Euro for now likely.  Bought UsdChf last week per our discussion.  So far so good.

[GVI Forex 2]

So far not much of a reaction in GBP but be on alert

Rumours of a snap election are growing in Westminster following the announcement of a possible summer contest.

A Cabinet meeting has senior Conservatives clearing space in their diaries, with some suggesting a reshuffle might instead be in the offing, with Jeremy Hunt’s position as chancellor at risk.

Adding to mounting speculation, the foreign secretary David Cameron has cut his trip to Albania short to attend this afternoon’s urgent meeting expected around 4pm….

Sunak election news – live: PM fails to rule out snap general election ahead of emergency cabinet meeting…Rishi Sunak has been facing months of pressure to press the election button

[michael Calif]

May 17 re-post:  per Option Profile, Gold futures remain SELLER controlled from the the Apr 12 TOP ….

[GVI Forex 2]

XAUUSD 4 HOUR CHART  RETRACEMENT

XAUUSD retreat from the magic 2450 level as indicated by the Amazing Trader blue ladder lines, has seen 2400 broken.

However, to suggest the high is in for now 2370 would need to be broken.
2400-07+ would need to be regained to cool the retracement.

[GVI Forex 2]

A bit iof a tug-of-war between GBP and EURUSD

EURGBP came within 2 pips of .8502 support.

EURUSD is off its low but upside is limited unless it can regain 1.0843 (yesterday’s low)

[SF Monedge]

The outside contracts in the US 2yr note have transitioned to a slight sell bias overall finally but a bounce from current levels is fully conceivable.  The nearby contracts are flat overall in the larger scheme after running up.  It created a moderate overall sell bias for us last Friday.  Preference going forward is selling runs uphill and the same for Euro as I’ve been noting since last week.  See bids coming in today early, stocks are not done overall.

Doesn’t take the wizard of OZ to see it.

[GVI Forex 2]

USDCAD 4 HOUR CHART – KEY RESISTANCE CITED

USDCAD testing its upside but would need to get through 1.3690 (see chart) to confirm the low is in and suggest more scope on the upside.

TRxpect support as long as it trades above 1.3650 but price action is still within the current range.

Note the trade at the bottom of this chart was an earlier AT Alert.

See The Amazing Trader Story

[SF Monedge]

The majority of transactions in EurJpy are taking place between 169.75 and 169.50.  The sell side is dominant obviously, but it shouldn’t take much to see a bid take hold, especially in stocks, which affects Eur in general.  Balance is at 169.65.  Dow futures may be poised to try for 39950 despite the selling overnight.

[Belgrade Bobby]

Nvidia Daily

$10,000 invested in $NVDA 10 years ago is worth $2,197,000 today.

Good luck to holders with earnings today.

 

[Belgrade Bobby]

BTC Daily

The LSE confirmed it would accept applications for bitcoin (BTC) and ether (ETH) products in the second quarter. The FCA introduced a ban on crypto derivatives products including ETPs in January 2020.2 hours ago

[GVI Forex 2]

USDX last trade 104.90 (scroll below to see USDX update)

[GVI Forex 2]

I have gotten several inquiries asking how to get posting access on our Forex Forum. The simplest way is to register (upper right) and then contact me so we can authorize your access. Alternatively, email me at jay@localhost and I will help set you up.

[GVI Forex 2]

EURUSD 4 HOUR CHART – WATCH THE TRENDLINE

Key trendline is being tested…

[GVI Forex 2]

EURGBP DAILY CHART – MAJOR SUPPORT LOOMS

EURGBP extending its low and while below .8534 (not shown on this chart), risk is to .8502 (suggests .8500 as well) and major support at .8484.

On the upside, would need a move to s.8521 to slow the risk but only above .8534 would negate it.

[Belgrade Bobby]

EURUSD Daily 

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