[Mtl JP]

EURO 1.0727
bbrg “Macron Says French Election Won’t Affect His Status as President” hahaha
–
Some players decidedly rejected other players’ attempt at closing the gap yesterday and so puppy currently maintaims bear bias.

S at the Fib and then 1.0675/50
R 1.0775

[SF Monedge]

Market is sideways since Asian open, trading accordingly.  Any viewers out there who never post have an idea or two?  Would be fun to hear you.

[Mtl JP]

DLRx 105.37

Puppy appears to have a bid tone but with a note of cautious fragility considering yesterday’s inside day.

Dot plot (two cuts this year) and Jerome’s yak (possibly made to appear hawkish & maybe push dlr higher) offer potential for players from which to profit

[GVI Forex 2]

EURUSD testing the 1.0720-25 area, should it be firmly broken there is a void on daily charts until 1.0648 and 1.0600

[GVI Forex 2]

EURUSD DAILY CHART – FOLLOW UP

 

 

This is a follow up to The Amazing Trader chart I posted earlier.

So far 1.0723 is hokding but at a minimum the 1.0750 level would need to be renewed to postpone the riusk.

[GVI Forex 2]

TAKE THE CHALLENGE. CASH PRIZES AND MORE!

Global-view Trading Club Challenge

 

 

Global-view Trading Club Challenge

[GVI Forex 2]

Risk off but FX fcus is on a weaker EURUSD… so far held around the 1.07223 level

Gold holding gains, BTC goit smacked

[Mtl JP]

Problem is …
–
FOMC is not a Problem.

Problem is one’s attitude seeing a Problem instead of Opportunity

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Amanda Cooper.

To anyone watching the stock market over the last year, it would seem the letters “AI” are akin to a magic wand that will pump up the share price of any company involved in it.

Morning Bid: Apple’s AI push and the trouble with Europe

[Belgrade Bobby]

EURUSD 1h

I am going to try to explain :

That line above the head that it couldn’t go over this morning is the very same trend line that was resistance, should have held …but didn’t.

So we are back to square one, going for 1.07100.

Problem is FOMC and all the possible outcomes and expectations – it all depends on pre positioning.

 

[GVI Forex 2]

look at EUR crosses for a clue… a further dip in EURGBP is creating a tug-of-war between EURUSD and GBPUSD

[Belgrade Bobby]

Knez, it is trying to form a bottom and to try Up on 4h. Depends on how the market wants to wait for FOMC

[GVI Forex 2]

EURUSD DAILY CHART – WILL GAP GET FILLED?

 

 

One way of looking at the gap is that as long as it stays above 1.0520-25, there is a risk the gao could get filled.

This should get resolved either way sometime tomoirrow when US CPI and FOMC meeting are key events.

[GVI Forex 2]

USDJPY DAIL CHART – FOLLOW UP

 

 

Following up on last night’s post where I said said 157.50+ would increase BoJ risk (see chart)

[Belgrade Knez]

EU is clearly short on all tf, but weekly opening gap need to be filled at some point….just wondering when!?!?

[Belgrade Bobby]

EURUSD 4h

Support 1.07500

Resistance 1.07700

[GVI Forex 2]

USDJPY 4 HOUR CHART –BoJ?

 

The risk of the BoJ increases shoukd USDJPY trade abice 157.50, at least that is probably the market’s assumptiom.

On the downside, expect support as long as it trades above 156.50.

[Belgrade Bobby]

EURUSD 4h

Resistance 1.07800 & 1.08200

Support 1.07350 & 1.07100

EUR is trying to fill the gap from early morning.

 

 

 

[Belgrade Bobby]

XAUUSD Gold Daily

Gold Moves Higher Midafternoon Even as Dollar Rises Ahead of This Week’s Fed Meeting

Resistance 2325.00 & 2365.00

Support 2275.00 & 2260.00

 

[Belgrade Bobby]

GME GameStop Corp (NYSE)

Gloomy outlook for near future..

Last line of defence is at 21.80

 

[SF Monedge]

In contrast to stocks and Euro squeaking up volume metrics in stocks are decidedly negative.

[SF Monedge]

Optimum offer area for me is 19930 NQ.

[SF Monedge]

NQ r/r is decent for the offer approaching 19200

[Mtl JP]

the GAP

has the ability to close faster than one can come back froma a toilet break

[Mtl JP]

“extreme right”
–
One could argue about some sort of wake-up call to the so-called mainstream news and political parties but regardless their consternation there is NO EROSION of support for the euro across Europe; odds are low euro is in for a rout related to macron

[GVI Forex 2]

Markets do noit like ucnertainty. Here is an article

Summary

Macron calls early election after far-right surge in EU vote

Finance minister predicts historic impact of French election

Possible hung parliament, risk to Macron’s domestic agenda

Euro and French stocks fall after far-right gains at EU level

PARIS, June 10 (Reuters) – Political parties and business leaders alike tried to figure out what a possible far-right win could mean for France following President Emmanuel Macron’s decision to call a snap election after a bruising loss in a European Parliament ballot.

France weighs up prospect of far-right power as countdown to snap election starts

[Mtl JP]

2:17 u gimme too much credit.

I am wondering if AT could not be used to time a bottom and when to play a long towards closing the gap

[GVI Forex 2]

Listen to JP< he is the King of Gaps

[Mtl JP]

EURO 1.0735
Bias: down
–
S 1.0725 / 1.0675

Some might be getting impatient with the non-closure of the down-gap

[GVI Forex 2]

EURJPY 4 HOUR CHART – WEAKER BUT NO GAP

 

 

Momentum was already pointed down when the geopolitical news hit but there is noi gap.

With JPY acting like a safe haven, watch this cross for signs of EUR weakness.

Next target is clear on this chart at 168.00

[Author]

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