Hello one n all
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“The Treasury Secretary acknowledged that consumer prices, which have weighed on economic sentiment, continue to be too high.”
Yellen, Criticizing Trump, Says Biden’s Economy Has Delivered Gains NYT
Bottom line is higher GDP means FED stays higher for longer with all implications to trading.
This story caught my eye earlier and “takes the cake”
(keyword: “urged”)
(Bloomberg) — Energy Secretary Jennifer Granholm urged Jamie Dimon, David Solomon and other top Wall Street brass at a private New York dinner to invest in clean power, according to people familiar with the event.
Granholm invoked President Joe Biden’s signature climate law in making her case to the chairmen of JPMorgan Chase & Co. and Goldman Sachs Group Inc. and more than a dozen other executives, said the people, who requested anonymity to discuss private conversations. Other executives urged to pitch in with additional investment, according to the people familiar with the event, included Philipp Hildebrand, vice chairman of BlackRock Inc.; Centerview Partners LLC co-founder Blair Effron; Dina Powell McCormick, vice chairman of client services at BDT & MSD Partners; and Joseph Bae, co-chief executive officer of KKR & Co.
The Energy Department didn’t respond to a request for comment. The attendees and their firms either didn’t respond or declined to comment. well duhHH
Dimon, Solomon Urged by Biden’s Energy Chief to Back Clean Power
Attention Global-View Members
We just loaded our new site.
This is not the final look but you will find some changes from what you are used to.
While we may lose some of the features you are used to it has a lot of other features and is still like one scrolling news wire.
We already have a list of changes we will be making but I would like your input as I am looking for feedback and suggestions.
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Use your handle (e.g. Mtl JP) as your name register and click on New Post just to test it out.
We have a lot of new features (e.g.economic calendar is really good) with more to come but what I need is your feedback snd suggestions
Send me an email at jay@global-view.com
Jay.
Yen
San Francisco Monedge 16:35 GMT 11/29/2023
Eur/Jpy and Usd/Jpy are remaining short to this point after entering the session bid. Our algorithm model employs a series of primarily momentum driven factors and ultimately spits out a number. Currently the number is 42%, which is solidly selling after peaking around 70%.
Eventually we should see buying as it nears lower percentages. We prefer momentum vs level picking, which is also important of course. So far today the cycles have been very predictive.
Bottom line stay short for now until a bit later.
EURUSD
Bobby 14:23 GMT 11/30/2023
After a month of a strong rally , eurusd need some correction . There are two options :
– It holds above 1.09000 and tries Up again early in the new month – most important resistance right now is at 1.09400
That scenario might end up in failed test of the previous high , and than we would be moving within the zone 1.08000 and 1.09000 . Break of 1.08000 would lead to the test of Major trendline at 1.06000.
– Second scenario would be better for the Bulls, as a decent correction all the way to 1.08500 in next two days would give it a chance to renew the strength and go for the new highs…
All in all, on the monthly chart, it has a potential for Up, and so far we don’t have a single sign that it might abruptly stop right now…but stranger things used to happen 🙂
EURUSD Year’s end
Bobby 20:48 GMT 12/29/2023 – My Profile
Resistance downtrend line at 1.14950 ( dating back to 2008 )
Support line at 1.07300
Lines that you see are “historical ” – I draw them decades ago….just cloning them as time pisses by 🙂
These are the real angles that control EURUSD movements .
We didn’t make them….we are just maintaining them…
Taking into account another historical fact brought to you by Jay – [Trader Alert] Beware of False Starts in the New Year, and some more fundamental facts regarding the health of The Union ( this time European one ) , one can conclude that we should be watching EURUSD grabbing for the Resistance line in first few weeks of the New Year….Ideal development would be to reach 1.14950 and then turn South for another decade at least 🙂 but….it might just stay short of it and do the same…Or, in some diabolic world development, break the resistance and become Bullish…
Now, if the first possibility comes through, we are looking for target at 0.75500 – that is my favourite 😃
Less possible outcome, break above the downtrend line would open the road for about 1.72000….
Now both options would be possible in the perfect forex world…something of forex heaven ….but whatever happens , you can bet that we will try for the low again, get sucked in some sideways to nowhere , play like a yo-yo here and there…
I just wanted to share some light on the current state of this pair and to WISH YOU ALL VERY HAPPY AND MERRY NEW 2024. Let the Force be with you 😃
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