[michael Calif]

futures remain Short EURUSD, per July 18    :gtwo3

[michael Calif]

futures remain Short BTCUSD, per July 21    :gtwo3

[Belgrade Bobby]

BTCUSD Weekly Chart

Resistances at : 70.750 , 73.850 & 78.400

Supports at : 65.500 , 64.250 & 54.150

Continue reading….

[Mtl JP]

EYE ON YELLEN
–
(Rtrs) Yellen says $3 trillion needed annually for climate financing, far more than current level
U.S. Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion …

[GVI Forex 2]

I can’t remember a week chock full of key events like this one: 3 key monetary policy meetings, US data, CPI, and month end.

The best I can guarantee is there will be voatility around these key events,

How markets end the week will give a clue how they might trade going fotwards.

See full detailed previews
‘
Newsquawk Week Ahead 29th July-2nd August: Highlights include FOMC, BoJ, BoE, NFP, ISM Mfg. PMI and OPEC+ JMMC

 

[Mtl JP]

AN ACHIEVEMENT Called “Success”

TAX THE BILLIONAIRES

G20 countries agree on need to tax the super-rich — but later

Brazilian Finance Minister Fernando Haddad welcomed what he called an “historic” agreement.
U.S. Treasury Secretary Janet Yellen, who in Rio said the U.S. doesn’t “see a need or really think it’s desirable to try to negotiate a global agreement on that.”

[Belgrade Bobby]

Tesla – TSLA
Tesla’s stock dropped 12.3% after second- quarter earnings missed expectations, highlighting a weak quarter for the company.
Tesla, Inc. was upgraded by President Capital to Buy, price target now $255, up from $185. Fubon Securities also increased their target to $282. Analyst targets range $85-$310, showing mixed views.

[Belgrade Bobby]

Nvidia – NVDA
Nvidia among chip stocks clawing back. What investors should watch for.
Nvidia Corp. shares (NVDA) are up 2.9% in morning action, while Advanced Micro Devices Inc. shares (AMD) are ahead 1.8%. Micron Technology Inc.’s stock (MU) is ahead 1.8% as well. All three had staged three consecutive sessions of declines prior to Friday.
Too much depends on how [Nvidia’s] earnings and guide looks in a month.” Nvidia earnings are due on Aug. 28.

[Belgrade Bobby]

Advanced Micro Devices, Inc. (AMD) Is a Trending Stock: Facts to Know Before Betting on It
Shares of this chipmaker have returned -13.3% over the past month

For the current quarter, Advanced Micro is expected to post earnings of $0.67 per share, indicating a change of +15.5% from the year-ago quarter.

[Belgrade Bobby]

Nasdaq – NDX Chart
Nasdaq futures jump as megacaps recover; inflation data in focus
Nasdaq futures jumped 1% on Friday as megacap tech and chip stocks bounced back after a drubbing earlier this week, while investors hoped for a further let-up in inflation in a crucial data release later in the day.

[Belgrade Bobby]

Dow leads Wall St revival on inflation data, tech stocks rebound
Key points:

·         PCE inflation rises moderately in June

·         Russell 2000 hits one-week high

·         Deckers, Baker Hughes climb after results

·         Dexcom slips after cutting revenue forecast

·         Indexes up: Dow 1.73%, S&P 1.24%, Nasdaq 1.07%

[Belgrade Bobby]

S&P 500 Rises 81.19 Points (1.50%)

The S&P 500  SPX  wes set to end the week firmer, aided by rebounds in the megacap stocks that led the index’s declines in the two previous sessions.

[SF Monedge]

Over a $50 Trillion demand increase is expected for H2 of this year in Gold.  If your preference is stocks instead of futures or spot correlated currencies, but you want to spread your allocation with relation to gold related holdings, consider defense related stocks which significantly require gold for product production.  An example would be Raytheon, which builds missiles and radar systems among other things, or other entities involved with satellites or other dependent systems.  Its also a decent addition to hedge against sudden market shocks.

Q: Do I suspect pending sudden shocks looking outward?  A: Very stupid and bad people exist.

[SF Monedge]

Mark to market at the time of the Dow sellers post was 405.30.

[SF Monedge]

First barrage of sellers just showed up in Dow but not overwhelming, ratio is still 60% bulls, was 100%.

[SF Monedge]

Some calculations are showing Dow closing around 403 today unless activity becomes one sided post-pending data.

[SF Monedge]

I need to see trading hold under EU 0880 in futures and 0852 in spot for a bit before I hit the buy side again on this Friday considering the Geopolitical and general humanity risk headed into the weekend.  Odds on favorite is it closes around 0850 barring something dramatic.

[SF Monedge]

Not saying the price activity will transpire this way but calls are completely dominating puts at present in Euro.

[SF Monedge]

AudUsd is good on the buy side from below current market (6666).  I really don’t like that number but that is the condition in my view.

[Mtl JP]

On the day of alleged FED’s prefered inflation gage
–
US 10-YR 4.232%
DLRx 104.11 /// 200d ma 104.33

players are panting at prospect of FED easing. Not this time around but in Sep.
meaning tghat the current implication is that DLR upside is / should be limited if not outright soft

FOMC and BoJ on the 31, BoE on Aug 1.

DLRJPY 151.90 appears meaningfully meaningful, if only to carry and leverag playes.
Res 155

[Mtl JP]

***

* (AP) — Finance ministers from leading rich and developing nations gathered in Rio de Janeiro on Thursday for a two-day meeting to discuss a global tax on the super-rich

***

watching ….

[Belgrade Bobby]

EURUSD 4h

Resistances at : 1.08600 , 1.08950 & 1.09050

Supports at : 1.08450 , 1.08250 & 1.08100

Biding time till Data today.

Pattern Wise – we are looking at a correctional Wave right now – if there was no Data in 90 min, I would expect it to continue Down.

[GVI Forex 2]

Next up the key US PCE report

See our Economic Calendar

[Belgrade Bobby]

Data Today : Economic Data Calendar

[GVI Forex 2]

AUDUSD DAILY CHART – GREEN CANDLE

 

I AM ALWAYS ON THE LOOKOUT FOR PATRTERNS.

I have been watching AUDUSD and AUDJPY for signs of carry trade unwind pressures.

AUDUSD so far has first green candle after 9 red ones in a row.

AUDJPY has second green canbdle in Past 12 session (other green candle was abrief one day pause).

This has implications for markets in general.

With that said, THIS IS STILL JUST A BOUNCE SO watch .6550 as it will set the tone in AUDUSD (i.e. needs to trade above it to give it a bid).

[GVI Forex 2]

USDJPY 4 HOUR CHART – WATCH THE TRENDLINE

 

Key BOG FIGURE LEVELS levels 152 and 155 after 152 held

Key line on the chgart is the trendline at around 154.84, if broken it would ease some technical pressure but 155+ would be needed as well.

Focus next on US PCEm the Fed;s favored inflation indicatpr.

REMINDER, BOJ  MEETING NEXT WEEK.

[GVI Forex 2]

USDJPY 4 HOUR CHART – WATCH THE TRENDLINE

 

Key BOG FIGURE LEVELS levels 152 and 155 after 152 held

Key line on the chgart is the trendline at around 154.84, if broken it would ease some technical pressure but 155+ would be needed as well.

Focus next on US PCEm the Fed;s favored inflation indicatpr.

REMINDER, BOJ  MEETING NEXT WEEK.

[Belgrade Bobby]

S&P 500 index
After sharp slide, seeking to stabilize – Major News Media
But looking at the chart, things are not even close to stabilizing – Guess they are trying to go with some self fulfilling prophecy of a kind…

Last line of Defence for S&P is in 5.300 area. If it holds, I’ll call it as I see it…

So far I see a deeper correction and a violent one, but no need to wake up Bears – Yet.

[Belgrade Bobby]

Nasdaq 100 – NDX

Tech-led selloff drives record volume in NDX options

The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index  NDX as the tech-heavy gauge is battered by turbulence in giant tech stocks.

The index – in which about 70% of the companies represented are tech – has slipped 7% from its July 10 record high in a tumble that has rattled the megacap names which have powered markets higher this year. By comparison, the S&P 500 is off 4% from its record, also set earlier this month.

[Belgrade Bobby]

GBPUSD Daily

Supports at : 1.28250 , 1.27350 & 1.23950

Resistances at :  1.28950 , 1.29150 & 1.29450

Clear Channel within the Channel  – and Both are Upwards

We are nowhere even close to declare GBP Bearish – at least not as long as we are above 1.24

[Author]

Posts