[Mtl JP]

tit for earlier tat

Jordan’s Al Azraq base and Bahrain’s Sheikh Isa Air Base

 

[Mtl JP]

little earlier katayama purred that “will act as needed”

[Mtl JP]

USDJPY 163.12 as I type
–
Reuters:
Japan imports jump to record high on oil price surge, complicating BOJ policy
Japan exports in June jump 19.3% year/year

[Mtl JP]

Forex 2 “will hit Pickaxe Mountain soon and very heavily”
–
sounds like a desperate PR stunt and an attempt at an offramp

[Mtl JP]

10-yr 4.634% Yield | 9:30 PM EDT

[Mtl JP]

U.S. Central Command
@CENTCOM
24m
Article
U.S. Forces Complete 11th Night of Strikes Against Iran
TAMPA, Fla. — At 8:15 p.m. ET on July 21, U.S. Central Command (CENTCOM) successfully completed the 11th consecutive evening of strikes against Iran.
—–
Iran’s turn:

[Mtl JP]

Prez T attacks Iran for the 11 straight night.
Makes players wonder if it is with pillowcases filled with feathers
as paper oil prices look stable.

stable for now

 

[GVI Forex 2]

COMING UP: Data: Japanese Trade Balance (Jun), UK Inflation (Jun). Supply: Australia, Japan, Germany,

US. Earnings: Tesla, Alphabet, IBM, Dassault Aviation, Santander, Equinor, UniCredit, Moncler, Akzo Nobel. Newsquawk.com

[GVI Forex 2]

Newsquawk US Market Wrap: Oil rises again while Tech outperforms ahead of GOOGL earnings

SNAPSHOT: Equities up, Treasuries down, Crude up, Dollar up, Gold up

REAR VIEW: Trump said no interest in meeting Iran, will hit Pickaxe Mountain soon and very heavily; Houthis have reportedly warned shipping firms to avoid loading or discharging at Saudi ports; 6 Saudi ships reportedly forced to return from Bab al-Mandab; TSMC to raise chipmaking prices by up to 10%; US to impose additional 50% tariff on certain products of Canada including some USMCA products; NZ Q2 inflation comes in slightly hot; UK employment growth beats, u/e rate unchanged; NVDA said new Vera processor is faster than AMD’s Turin.

Source: Try Newsquawk free for 7 days

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Trying to build momentum

Trying to build up momentum and dependent on 29K holding to keep a bid. Even then, it would be trading in a 29-30K range but with a bid.

If not, then dependent on the trendline and 28515 to keep a bid.

[GVI Forex 2]

Market Update: Divergence (4 hour charts)

USD following firmer oil and higher yields while US stocks disconnect.

US500: Battle for 76500 continues with a firm move above needed to establish a bid in a higher range.

Otherwise needs to hold 7466 (on this CFD chart) to keep the focus on 7500 (and abocve?)

EURUSD                             US600                                 NAS100

[GVI Forex 2]

XAUUSD 4 HOUR – Traded like a textbook

As posted earlier, keeps a strong bid (on dips) while above 4043.

Low was 4044 and subsequent bounce has seen 4080 broken,

Now to setup a run at the 4103-4138 resistance zone, 4080 needs to become support.

[GVI Forex 2]

Forex Market Snapshot

Firmer crude oil => firmer yields => firmer USD

USDJPY at a new 40-year high. BoJ threat looms but any intervention would find willing buyers below the market. 163.50 is targeted next, if broken then 165 comes on the radar

GBPUSD weaker on firmer EURGBP but upside paused below .8545 resistance, cooling the move.

EURUSD down but clinging to 1.1400 as support

USDCAD extending rebound from 1.40 as fresh tariff threat “Trump’s” firmer crude oil

AUDUSD back toward .7000 after failing to hold above .7020

XAUUSD and BTCUSD getting safe haven flows?

[ST London]

Battle for control

Firner Yields/oil say geopolitical concerns

US stocks either saying hope for eventual ceasefire or don’t worry, be happy

[GVI Forex 2]

Oil ticks higher on this headline

US President Trump says Iran wants to desperately meet, and “we” have no interest; We are not finished at all with Iran, we are not leaving right now; have had a big impact on Iran Newsquawk.com

[GVI Forex 2]

BTCUSD DAILY: Breakout time?

Break/close above 65525 would be a breakout targeting 67224, which along with 68K are the obstacles to 70K, potentially above.
.
On the downside, back below 65525 and 65K would cool off the risk.

[GVI Forex 2]

Little reaction so far to this headline…

US has given the Iraqi PM the green light to play a role in efforts to reduce tensions and end the war between the US/Iran, reports Irib News citing Al Arabiya

Source: Try Newsquawk free for 7 days

[Mtl JP]

Not much meat on the Euro bone

spreads probably the current euro impeller

[GVI Forex 2]

Firmer oil +> higher yields => firmer USD (USDJPY new 40 year high but EURUSD still above 1.14, GBPUSD off its low)

[Mtl JP]

Odds , imho, are low that Iranians are low that they will come to negotiate anytime soon AND that when they will their conditions will be much simpler and tougher.
—
On another topic: I am trying to figure what might impel current low volatility in FX
tia for ideas

[GVI Forex 2]

Maket Update: Indices

US stocks trying to shake off firmer oil but with limited follow through unless UIS 7500 and/or NAS100 29K (tested) are solidly regained.

US500                                                                          NAS100

[Mtl JP]

players showing enthusiasm for paper oil price

[Adam Global]

You’re right ✔️

[Mtl JP]

“inflation is a choice” – warsh
(just as are some decisions to go to war)
–
Jamie Dimon says markets underestimate risks and he wouldn’t buy stocks or Treasurys at current prices

tat-tada-tatt
– “investors are underestimating the risks facing the global economy”
– ” lower energy dependence than in previous decades, but warned that doesn’t eliminate the possibility of a sudden inflection point.”
– “Persistent U.S. budget deficits will eventually force a reckoning”
– “Even if inflation falls back to the Federal Reserve’s 2% target, “the 10-year bond should probably be at 4% to 4.5%,”

anything tradeable for the 1hr / day chart crowd ?
Probably not.

[GVI Forex 2]

Market Update: EURGBP driving the bus

GBP turning into an underperformer with a bounce in EURGBP back above .8500 weighing on GBPUSD while EURUSD lags (market having more trouble absorbing the GBP sell side of the cross).

EURUSD                                          EURGBP                                 GBPUSD

[GVI Forex 2]

USDJPY 4 HOUR: What is holding USDJPY back?

Nomentum pointed up with an upside risk so what is holding USDJPY back?

Obvious answer us the BoJ intervention threat with the recently set 40-year High at 162.84 looming.

The outlet for JPY selling has come via its crosses, such as AUDJPY and NZDJPY (GBPJPY last week as well) where there is less chancde of intervention.

On the downside, keeps a biod while above 162, wih a stronger bid while above 162,43.

Should 162.84 be taken out, next target would be 163.50.

Note, a central bank is often more concerned with the pace of a move more than a specific level.

[Adam Global]

Oil 🛢 📈 skyrocketing to $85/🛢 as 🇺🇲 continues to strike ✈️ 🇮🇷

Everybody’s buying 📈 & aiming for $90/🛢

[Adam Global]

GOLD 📈 bouncing above 4000.00 & rejecting on 4080.00 right on the bearish 📉 channel

[Adam Global]

ßitcoin 📈 is back above $65K as everyone is buying 📈 & hoping 🙏 ßitcoin edges higher to $70K & more

[Adam Global]

AusNZD fell 📉 during Asian session as NZD CPI was released

[Author]

Posts