[Mtl JP]

DLRx 101.79
is current REsistance

good time for a bet on the Res

[SF Monedge]

At least for now the neural conditions and other metrics such as forwards have weathered the initial storm and are remaining sturdy on the buy side.  The metrics often do not take root until enough participation volume clears through the market.  Time will tell.

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2630.00 , 2620.00 & 2600.00

Resistances : 2675.00 , 2685.00 & 2710.00

As long as 2630.00 support holds, we can see aggressive move Up towards 2800.00 area.

If 2620.00 lost, we’ll be watching deeper correction.

Above mentioned Resistances are projections based on previous Upticks and Bullish angle.

[SF Monedge]

Volume ratios in stocks bolted uphill on the buy side into ticks dropping out of the gate and advance/decline ratio dropped sternly.  So the volume shows buying into shares selling initially.  Euro tends to move with the mood in stocks.

[SF Monedge]

US Data was only slightly disappointing.

Among the holidays today which include National No Sugar Day, National Poetry Day, Bring Your Bible To School Day, and National Wide Awake Day, it is officially National Buy British Day.  That certainly must support my earlier observation about some metrics and neural conditions being strong on the buy side of GbpUsd.

So that pair simply must go up.

[Belgrade Bobby]

EURUSD 4h

Supports : 1.10250, 1.10000 & 1.09500

Resistances : 1.10500 , 1.10750 & 1.11050

Close of this bar below 1.10350 would indicate more pressure to the Downside

Need to go over 1.10450 for any chance of Up move.

[SF Monedge]

Some neural conditions show strength on the buy side in GbpUsd headed into the data.  Not to say it won’t see selling along the way post-data but that is the condition.

[Mtl JP]

Good to know

“EM currencies set to hold steady or pare gains for the rest of 2024” – Reuters poll

[Mtl JP]

Riiight …

Pound falls as Bank of England governor says it could become ‘more activist’ on rate cuts

[Mtl JP]

Taking bets
how long … before harold gets slammed ?

The Profane 78-Year-Old Leading the Dockworkers Strike

‘They won’t be able to do anything in this country without my people,’ port union chief Harold Daggett says in setting audacious targets in a coastwide strike

[Mtl JP]

here is a misconception (or is it a typo?)
–
Saudi Arabia threatens to cut oil prices to $50 per barrel – WSJ

hahahahaha … threatens. threatens !! rofl
lets go … do it!

and while at it, why not $25 or better still: $5

[GVI Forex 2]

This is worth your attention

AT Alerts Real-Time Trades

[GVI Forex 2]

BTC 4 HOUR CHART _ STILL DISAPPOINTING

BTC remains aa disappointment, not only its failure to stay above 65K but also its failure to act as a safe haven.

It is now dependent on staying above 60K or  rik aa run to 57-59K.

[GVI Forex 2]

US500 4 HOUR CHART – Consolidation or retracement?

Retreat from the record high so far holding off a serious retracement by staying above the 5772 line.

With a Geopolitical cloud hanging over markets and Friday’s US jobs report looming, keep an eye on 5700 as that will likely set the tone.

No matter what, the Middle East risk should keep stocks cautious into the weekend.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Consolidating

With geopolitical tensions/safe haven flows cutting short thoughts of a retracement so let’s keep it simple.

Record high is 2685 but if you assume range is 2600-2700m then look for 2650 to have a magnetic quality and set the trading bias.

[GVI Forex 2]

YSDJPY DAILY CHART – AIMING HIGHER?

USDJPY trying to build momentum to the upside and while 146.49 is the near term focus, the key level is 147.20.

Should 136.20 be taken out then 139-150 comes into play.

On the downside, 144.50-00 is the key support zone.

[SF Monedge]

If GbpUsd 3250 survives the pair is likely going up fairly well looking out a bit.

[SF Monedge]

10yr 114’21 is a price magnet.  I see risk off sentiment creeping in since the start of the hour.

[GVI Forex 2]

No sign of ridk off in US bonds today (yields higher)

[SF Monedge]

Bobby – at 2:32 pm.  Apparently we both won the Gold Medal of Olympic level trading lol.

[Belgrade Bobby]

USDJPY Daily

3 hurdles above :

146.200 , 147.150 & open space till 150.250

Supports : 144.550 , 143.700 & 141.500

[GVI Forex 2]

Stocks so far hanging in there while USD trades with a bid

Use the anti-dollar EURUSD 1.1050 as a USD bias setting level (last 1.1042)

As noted earlier, USDJPY 146.49 is on the radar if it trades above 145

[Belgrade Bobby]

Ah Losses – books can be written on those 😀 As you disclosed something from past, let me share something of my own :

I was still very young ( but will learn 😀 , when in front of the whole Bank, all the dealers on the desk and General Manager present , went Short on USDJPY – 105.75 , very confident ….calm…full of myself…It moved against me a bit, but not much…fine…part of the game…next morning, Chief dealer on the desk calling me at around 6 am – hysterical….rate was on 107.50…position wasn’t small…I explained him that all is OK, it is just an Uptick and soon they’ll go for below 100 ( perfect target at 80 and possibly new low…no questions asked…Of course it went 109….112….I was forced to close it at 115….

I moved to USDDEM – end of story 😀

P.S. I still remember some significant rates for different currencies , and even use them as part of my passwords 😀

[SF Monedge]

Bobby –

I would like to offer a sample of how incredibly accurate I can be.  But based  on a loss.  THE perfect loss.

Years ago when on the phone with my CTA partner in New York, I bought Dow futures at the exact high tick.  That tick remained the high for 6 months.

My partner could not stop laughing.  My reputation got around a bit after that.  You must have a sense of humor in this business.

I did close the trade quickly lol.

The perfect loss.

[Belgrade Bobby]

Markets are manipulated from the stone age of course, but what makes it interesting is the fact that all those manipulations make sense at the end of the day – looking at charts one can easily spot ( IQ needed 😀 “rules” that drive the market.

Different manipulators with always different agendas exclude each others in the process – for one to earn the other has to lose – so bottom line : look carefully and use their manipulations in your own favour….

[SF Monedge]

And example of my earlier post.  Years ago another CTA in New York and I would time Dow futures based on a Dow Jones Newswire commentary that came out at exactly 11am PST / 2pm EST every morning.  The market would almost instantly go strongly the opposite direction of what the commentary said.  This went on for over a year with only the rare occasions it did not transpire that way.

If you pay attention you can find how, when, and where markets are being manipulated.

[SF Monedge]

BOJ comments are very calculated.  I obviously intensely monitor various markets.  That comment earlier is the third time in a row that a comment was made at exactly the time/price where various types of algorithms would move the market counter to BOJ wishes.  Zero question about it.

[GVI Forex 2]

USD got a boost from ADP jobs beating on the upside (even though it is not a good indicator of NFP… once again, it is the reaction to news that matters

[GVI Forex 2]

USDJPY 145.33 last

Reaction to news is what matters… first BoJ Gov, then the PM… although as noted earlier 145 was at risk on a break of 144.50-55 and further risk of above 146

Scroll below for updates

[SF Monedge]

EurJpy is schizophrenic.  Apparently it is trying to find value again at a repeatedly visited price magnet of 161.40.

[Author]

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