[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

[Belgrade Bobby]

USDJPY Daily

Supports at : 151.950 , 151.350 & 147.700

Resistances at : 154.750 , 155.250 & 155.850

If this was a Correction ( and I assume it was) , watch for 155.850 – if taken out, next target is at 158.950.

Only Below 147.700 this becomes Bearish for USDJPY – quite a way to go….

[Belgrade Bobby]

EURUSD Daily

Supports at : 1.08250 , 1.08100 & 1.07850

Resistances at : 1.08700 , 1.08900 & 1.09250

1.08100 is a turning point – If eurusd find a footing there, this Drop can come out as a Correction – only, but if lost, a full Wave should unfold to at least 1.07000 area.

Close tonight below 1.08550 will be Bearish signal.

[Mtl JP]

Monedge 06:12 – “with some luck”
u one funny dawgg !

[SF Monedge]

Yesterday I suggested a very low priced stock for stock enthusiasts with not much money to work with, GROY.  A gold stock.  The delta is 100%.  Today there ratio of calls to puts is 329% in favor of the calls (buy side).  This stock does tend to move in a somewhat decent fashion with gold itself.  Food for thought.

[SF Monedge]

With some luck Swiss Franc futures selling will make it to around 1340 before rebounding. A little tough with current Geo-political climate but other conditions support that unfolding such as the Euro economy cooling in tandem with the US but the US is stronger and there is that little thing called interest rate differentials and rotation in stocks into low cap stocks for growth and out of primaries in favor of hedging risk.

[GVI Forex 2]

I posted how to trade in a liqudating market and today is a textbook case of what happens when the orders are done.

The article is in the blog and I posted references to it in the forum

[GVI Forex 2]

i POSTED THIS WHEN us500 WAS TRADING BELOW 2400… LAST AT .5475

how stock close will be more important than how they open

[SF Monedge]

I don’t just look at lines all day.  I deploy a very neural approach.

Very simply Dxy holding 104.05 so far is significant and portends to an upside draft.  In addition as long as the 2yr note is holding below its point of control (the most significant volume of bids/asks) (this is not based on a volume profile, you won’t find it there, it is proprietary) of 102.20 it is likely to sag toward 102.15 or possibly 102.14 which will help shorter term yields and the Dollar.  Forwards and other items are south longer term and only on the buy side in the nearer term contracts.  Nothing has changed the overall dominant upward bias in short term US notes.  So while Dollar is a bull I wouldn’t count on riding it for much longer.

Meanwhile:

SAO PAULO, July 24 (Reuters) – Sharks off the coast of Brazil’s party city Rio de Janeiro have tested positive for cocaine.

Certainly those sharks were all trading spot currencies as well.

[GVI Forex 2]

Nice pop in stocks… watch the AUDUSD as it has been a leader in risk off… paused above .6500 and then bounced

[michael Calif]

futures remain Long USD from july 17    :gtwo3

[GVI Forex 2]

US stocks opening lower… cut short USDJPY bounce… watch 153.50… how stock close will be more important than how they open

[GVI Forex 2]

AUDJPY 15 Minute Chart –  Driving the bus but just a bounce?

 

[Author]

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