[SF Monedge]

Pre-data risk comment (It is 5am here).  After some conversation over the subject of a middle east war possibly widening to include Iran due to Hezbollah attacking Israel, my position is Iran will not risk going to full out war with Israel because the US-Britain-Canada et al would become fully engaged and the Mullah’s do not want to lose their Rolls Royce’s.  It comes down to the Rolls.

[Belgrade Bobby]

EURUSD 4h

Supports at : 1.07000 , 1.06750 & 1.06550

Resistances at : 1.07250 , 1.07400 & 1.07650

Right now the pressure is to the Down side

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

In an glimpse at how megacap tails wag the dog, a near half-trillion dollar shakeout in AI-bellwether Nvidia’s (.NVDA), opens new tab market cap in just a week continued to drag on the entire market even though most S&P500 (.SPX), opens new tab stocks ended higher on Monday.

Morning Bid: Nvidia’s half trillion hiccup; Bitcoin, China slide

[GVI Forex 2]

EURUSD 4 HOUR CHART – IF IT WASN’T FOR…

 

 

If it wasn’t for the US PCE and quarter end on Friday trading the EURUSD would be easy, at some point ahead of the weekend it wouLd turn defensive ahead of Sunday’s vote.

So let’s look at the chart.

– Failed to test 1.0748, keeps the bounce a correction.

– 1.0720 (just broken) expooses 1.0700 if the break holds with key levels at 1.0685 and 1.0667.

 

[GVI Forex 2]

Early US Market Open call from Newsquawk.com

NQ leads as NVDA gains pre-market, USD & USTs flat ahead of US supply, data & Fed speak

[GVI Forex 2]

USDJPY 4 HOUR CHART – THE BATTLE FOR 160

 

 

Let’s take a longer-term view as the battle for 160 and the 160.16 high continues.

So far, there is a lower top (159.92).

Looking farther ahead, scroll down to see the post with a link to an article about the next BoJ meeting at the end of July and a possible double whammy of monetary policy tightening.

This suggests the longer the 160 level caps the upside the closer JPY bears would get to turning defensive ahead of the meeting.

With that said, 1+ months ahead is an eternity in the trading world but it pays to keep the above in mind if 160 continues to cap the upside.

[GVI Forex 2]

USDX ONE HOUR CHART – EURUSD PROXY (57.6% of the index)

 

 

What caught my eye today walking is that all major currencies are about unchanged on the day, USDX has a near double bottom mirrored by a EURUSD near 2-day double top.

So it is a matter of looking at your cup as half empty of half filled but for the EURUSD, the move up could not test 1.0748-61. It is now dependent on 1.0720 (also the day low) holding or risk a return to 1.07.

 

[GVI Forex 2]

TOKYO, June 25 (Reuters) – The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady retreat from its still-huge monetary stimulus.

Bank of Japan opens door for a hawkish double surprise

[GVI Forex 2]

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[GVI Forex 2]

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[GVI Forex 2]

June 25 (Reuters) – A look at the day ahead in Asian markets.

The wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia on Tuesday even if it is offset by a rotation into cheaper, beaten down sectors.

 

Morning Bid: Tech that – Nvidia slump sours market mood

[michael Calif]

wow, nearby BTC futures found a trading low under 60000 today    :Option Profile

[Belgrade Bobby]

EURUSD Weekly

I’ve seen in my 30+ years career crazier things then EUR breaking Up straight from here, and flying to levels like 1.13 and above…

But – BUT – it is going to look soooo elegant and logical when it breaks 1.06500 and dive all the way to 1.01…0.96….and more

Option or no Option 😀

 

[Belgrade Bobby]

BTCUSD Weekly

A sneak peek from my trading station – as you can see -55/56K separates BTC from diving all the way to 45K and even 35K .

This is NOT a currency , but a commodity of a kind…people are just hot on it for no good reason, so they are buying it…well every fool has his Joy…

[Belgrade Bobby]

BTC – I said it and I’ll say it again – 56K and then we’ll talk

[Belgrade Bobby]

Nvidia NVDA

Support at 115.85 & 106.95

As I said previously , for Nvidia to continue/stay strong , it has to find footing above 106.95 .

Lots of speculation going on around about the fate of Nvidia stock, but this looks like a savage profit taking, and not some big fundamental change.

[GVI Forex 2]

BTC -7%, closing below 60k

Scroll down to see chart

[GVI Forex 2]

Nividia — down another 6%

[GVI Forex 2]

USDX DAILY CHART – EURUSD PROXY (57.6% of the index)

 

 

The move back to 105.50 after a failed breakout puts it back in neutral.

For the EURUSD bounce off of 1.0667 to be anything more than a correction, USDX would need to take out 105.14

[GVI Forex 2]

NAS100 DAILY CHART – Key level cited

 

 

Retreat from 20k+ is still just a retracement that would need to break the red AT line (18970 in this CFD chart) to force more longs to exit.

Otherwise, it is sort of a no man’s land between 19-20k as the market is showing some cooling after the massive run to the upside.

[michael Calif]

June 1 repost:   significant move down BTC futures likely began yesterday May 31    :Option Profile

[GVI Forex 2]

BTC Daily chart – 60,000 under attack

 

 

BTC bulls will only give up the fight with legs dragging and kicking out of long positions.

This runs contrary tp what charts are showing, which is momentum tilted to the downside.

Thea level to watch is 60,000 as a firm break would put the major support (see chart) on the radar. A break of this level would end thoughts or should I say hope and prayer of testing the record high.

Back above 63,303 and then 65,000 would be needed to neutralize the risk.

[SF Monedge]

Thank you for the update Dr. Bobby.

[Belgrade Bobby]

EURUSD 4h

Supports :  1.07150 , 1.07050 & 1.06950

This patient looks kind of…well, terminal…it is how it looks like…don’t jump on me for giving my opinion 😀

I am not saying supports won’t hold…God forbid….it is just my Second Opinion.

[michael Calif]

bigger picture, buy and hold EURUSD support until …   :Option Profile

[SF Monedge]

Most metrics outside of what most look to are overwhelmingly on the sell side of AudUsd.

[GVI Forex 2]

EURUSD 1.0726

High was 1.0746 vs 1.0748 GVI/Amazing  Trader resistance

GVI Forex 1

EURUSD bulls 0

[GVI Forex 2]

EURUSD 1.0726

High was 1.0746 vs 1.0748 GVI red

GVI Forex 1

EURUSD bulls 0

[SF Monedge]

UsdJpy has basically become a Meme Pair

[SF Monedge]

I came to the conclusion months ago that UsdJpy had become nothing but a speculators vs Boj  game.  Almost no legitimate economics, metrics, legitimate market flows, import/export of consequence mattered.  This has been nothing but a boxing match once price entered the 153 area.  Eventually the BOJ is going to get angry and they will absolutely make a wasteland of UsdJpy through multiple interventions to the point the one’s having fun won’t want to come back and play anymore and will be insolvent or having to explain to the board how they lost $4bil.

[Author]

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