[Adam Global]

Oil 🛢 is edging higher📈 after 🇮🇱 vowed to continue the war in 🇱🇧 🆘️ now JD Vance cancel his trip to 🇨🇭 also 🇮🇷 cancel negotiations

[Adam Global]

GOLD 💛 seller are happy🤑

Recent retracing back up to 4155.00 people are trying to buy but nope 📉 sell prevails

[Adam Global]

USDJPY 📈 now supporting 161.00 edging higher

[Adam Global]

USDX passing 10month high 📈

[GVI Forex 2]

XAUUSD 4 HOUR

Extending low to 4121 before a bounce where back above psychological 4200 and 4219-33 are what is needed to cool the risk in a market that shows 4023 as next key support.

 

[GVI Forex 2]

Forex Market Snapshot

The dollar is trading mixed and back to square one after trading firmer overnight but pausing below key levels (cited here as targets yesterday)

• EURUSD 1.1417 low vs. 1.1410 key support
• BPUSD 1.3162 low vs. 1.3158 key support
• USDJPY (lagging) 161.46 high vs, Thursday’s 161.80 high as risk of BoJ intervention looms

[GVI Forex 2]

Market Update

The reaction to reports that the US-Iran meeting in Switzerland had been cancelled proved to be short-lived as the dollar and stocks have come off highslows and oil off its high in a US holiday thinned end to the week trading. What it underscores isw that the path to a peace deal will be fragile and a steep uphill climb.

EURUSD                                    US500                                      XBRUSD

[GVI Forex 2]

COMING UP: Desk remains open as usual. Holidays: US Juneteenth, Hong Kong Tuen Ng Festival. Data: Japanese Inflation (May), German PPI (May), UK Retail Sales (May), PSNB (May), Canadian Retail Sales (Apr).

Speakers: ECB’s Lane, Cipollone, Elderson. Supply: Australia. (Newsquawk)

[GVI Forex 2]

Newsquawk US Market Wrap: AI optimism sees stocks erase losses on hawkish Fed

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

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Was this behind the blip up in oil?

Al-Mayadeen Network, citing an informed source, claimed that the Iranian negotiating team is canceling its trip to Switzerland due to the continued Israeli attacks on southern Lebanon

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

XAUUSD vs BTCUSD:Ignoring risk on in US stocks

XAUUSD: Momentum building with next target remaining at 4170 cited earlier, 4200 has potential to cause a pause if it holds.

BTCUSD: Pause above 62K gives some hope for the bull side but if broken, then 59-60K comes on the radar.

XAUUSD                                                     BTCUSD

[GVI Forex 2]

Market Update

Some divergence with crude oil rising, US500 confirming NAS100 move above 30K with a close above 7500 while usd remains firm but off its highs (EURUSD found support above 1.1442, USDJPY backing off from eyeing 162)

EURUSD                                    US500                                          XBRUSD

[Mtl JP]

and US 2-YR  yields 4.181

[Mtl JP]

and nevermind that DLRX is at 100.877

[Mtl JP]

usdyen eyeing 162
hahaha, grasshoppers just got some spanking

[GVI Forex 2]

2-year 4.179%

USD up… USDJPY eyeing 162 (beware of BoJ?)

Stocks: NAS100 above 39k, USD500 still below 7500

BTCUSD and XAUUSD down

[GVI Forex 2]

Market Update

• EURUSD off its low but staying below 1.15 to keep its upside limited
• US500 still below 7500 while NAS100 is above 30K
• Crude oil down
• Markets focus split between falling cride and firmer interest rates (although US 2 year off earlier high)

EURUSD                                  US500                                             XBRUSD

[Adam Global]

Us500cash is retracing 📈 after yesterday’s FED decline 📉

7500.00 seems to be the hard target 🎯

[Adam Global]

US30 index (cash) is trying to rebound after yesterday’s significant drop that followed the Fed decision and Kevin Warsh’s comments. Specifically, the index is trading near 51,800 after finding support at 51,390 yesterday and after hitting a fresh all-time high at 52,280.

[GVI Forex 2]

US holiday on Friday

U.S. financial markets, including the New York Stock Exchange (NYSE) and Nasdaq, are closed on Friday, June 19, in observance of Juneteenth. Normal trading hours (9:30 a.m. to 4:00 p.m. ET) will resume on Monday, June 22.

A breakdown of key market and financial closures:

Stock Markets: Both the NYSE and Nasdaq will be closed for the entire day. No regular equity trading will take place.

Bond Markets: The U.S. bond market is also closed for the holiday.

Banking & Federal Reserve: Since it is a federal holiday, all non-essential federal offices are closed. Most national and local banks follow the Federal Reserve’s holiday schedule and will be closed.

[GVI Forex 2]

Market Update

Which indices is telling the truth? NAS100 Leading or US500 lagging.,

US500 failing above 7500 and 7529 (break needed to end down momentum) or NAS100 above 39K and breaking its down momentum (red arrow)

In any case, pivotal levels likely to set sentiment where 7500 and/or 30K needed to become solid support to regain a bid.
‘
US500                                                               NAS100

[GVI Forex 2]

Modest reaction so far to d[p in 2 year yields

[GVI Forex 2]

Newsquawk Daily US Equity Opening News: Trump says AAPL has agreed to work with INTC on chips in US; ACN revenue & outlook underwhelm

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Pauses above FX obstacles so far checking USD upside (EURUSD and GBPUSD downside… see earlier posts)

EURUSD 1.1453 low vs. 1.1450

GBPUSD 1.3205 vs. 1.3200

[Adam Global]

GOLD 💛seller 📉 are patiently waiting 4155.00 but lets see what unemployment claims do to the GOLD

[GVI Forex 2]

US PRE-MARKET MOVERS: INTC, AAPL, ACN, KR, NUE, STLD, PFE, SPCX

ES +0.7% NQ +1.4% RTY +0.9%

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Why (my) levels mattewr

BTCUSD on life support but so far does not need a defibrillator after testing/holding key 63620 support with the 4 hour trendline just below it. Key daily chart levels: 60580 and 59050.

Only 65K would cool the risk.

[GVI Forex 2]

Why is the USD firming?

Look at the 2-year as the yield curve  flattens (10 year yield unchanged) on expectations of a Fed rate hike later this year.

[Adam Global]

EURUSD📉 is breaking below the key 1.1500 support, accelerating toward the 1.1470 zone, last seen in late March, confirming a bearish structure. Price action remains below the 20-, 50-, and 200-period SMAs, highlighting sustained downside pressure.

[GVI Forex 2]

BOE unchanged as expected

[Author]

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