[SF Monedge]

France’s left is proposing a “vast” tax and spend program to fix the  countries finances.  So they foul it up, take your money again, and spend your money again.  Sound

[SF Monedge]

This goes against every fiber in my being but Eur is beginning to look more appealing on these declines.

[GVI Forex 2]

BTC 4 HOUR CHART –  60K-70K?

 

 

BTC has turned soft below 65K but so far this is just a move within 60k-70k

I donlt expect bulls to give up on BTC unless sub-60K trades and major support is broken.

On the other end, the record high above 73K looks sade unless broken and as such  dampens enthusiasm  on the upside.

[Belgrade Bobby]

GBPUSD Weekly

Supports at : 1.26200 , 1.25750 & 1.23550

Resistances at : 1.27500 , 1.28800 & 1.30500

Judging by the Pattern, we are in for some supports testing.

 

[Belgrade Bobby]

USDCHF Daily

As you can see, my hypothetical trend line ( historical angles and all J held nicely so far.

Supports at : 0.89200 , 0.88950 & 0.88450

Resistances at : 0.89500 , 0.89750 & 0.89900/0.89000

[Belgrade Bobby]

XAUUSD – GOLD Daily

Supports at : 2325.00 , 2315.00 and 2275.00

Resistances at : 2370.00 , 2390.00 & 2420.00

If it holds above 2325.00 , it will have a chance to retest higher.

But if it closes tonight below it, a Bearish pattern will start emerging, opening a way for a test of 2275.00 first and even 2165.00

[Belgrade Bobby]

USDJPY 4h

Supports at :  158.950 , 158.500 & 158.000

Resistances at : 160.000 , 160.250 & 163.800

I can only say it is going for 160.000 – BOJ or no BOJ…

[GVI Forex 2]

US stocks opening lowwr… fweighed down by Nividia

[GVI Forex 2]

S%P Market PMI beats on upside, knee jerk reaction to what in other times was ignored in favor of the more importnt iSM PMI.

[GVI Forex 2]

FWIW commodity currencies have woken up and now mixed to down a touch on the day.

[GVI Forex 2]

AT TRading alerts

AT Trading Alerts are what the term says, alerts presented in read time by The Amazing Trader algo in the form of trades indicating a potential change in direction off the high or low for today.’

It is then left up to the trader to decide whether it is a trade they choose to follow (we show a way to evaluate an alert).

Which ones of the 12 alerts today would you have followed

 

 

Visit The Amazing Trader and email [email protected] for current promotions

[GVI Forex 2]

While the news headlines are about a firmer USD, net changes have been small with the biuggest so far the other eay, NZDUSD =0.21%, AUDUSD +0.16%

[GVI Forex 2]

USDX WEEKLY CHART – EURUSD PROXY (57.5% OF THE INDEX)

 

 

USDX weekly is up 3 weeks in a row, which is a good proxy for the directional risk in the EURUSD.

Key resistance levels, as the chart shows, are still above the market.

Note outliers are the commodity currencies (CAD, AUD, NZD)

USDJPY tested 159+ but with caution given the threat of intervention or stepped up warnings of such.

[GVI Forex 2]

GBPUSD DAILY CHART – TESTING 100 DAY MVA

 

 

GBPUSD failure to recover 1.27+ and break of 1.2680 leaves little on charts until around 1.25.

In the absence of nearby support, expect the most recent low to act as a key level.

Otherwise, downside is exposed as long as it trades below 1.2680-00, stronger if it stays below 1,.2650.

ALSO, watch the 100 day mva (yellow) has been tested and 200 day mav (blue) below it.

[Belgrade Bobby]

EURUSD 4h

Friday – can be a mess , can be lame…

Resistances at : 1.07050 , 1.07250 & 1.07400

Supports at : 1.06650 , 1.06550 & 1.06450

If supports taken out, next stop 1.05850

Pattern wise – another leg down.

[GVI Forex 2]

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

Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as we near the half-year point next week – but with the dollar (.DXY), opens new tab back on the march regardless.

Morning Bid: Nvidia gets vertigo, dollar builds

[GVI Forex 2]

EURUSD DAILY CHART – .KEY SUPPORT

 

 

EURUSD hit by PMI misses on the downside and came close but held aboce key 1.0666 support.

As you can see by the chart, major levels lie below it at 1.0649 and 1.0600.

To ease the risk, 1.0700-05 would need to be renewed.

[Mtl JP]

Bloomberg

“Le Pen’s Rise Sets Up French Debt Market for Years of Pain”

IMO reasonable synopsis of alleged fears and drivers of the repricing.
and good background to plot one’s trading

[Mtl JP]

Friday
–
the rate cut confidence reinforcing incoming data theme will continue to be all the market has ears and eyes for again today,

Allegedly, US economy is hot. So hot that it is hard to find a hotter economy. So today’s PMI release will likely be traded with rate enthusiasts in mind.

EURO 1.0685
– Major support on the line at 1.0667 (check out the daily chart)

DLRYEN 158.85 – BoJ and MoF for their own internal reasons, just don’t appear to get their sh!t together as players keep the carry trade alive.

Weakness in both these puppies is currently adding up to DLRx bouts of strength (curr 105.40)

[GVI Forex 2]

USDCAD 4 HOUR CHART – CAD THE TOP PERFORMER

 

The CAD is the only majot up vs the dollar today, suggesting some cross flow order is behind the buying –

take yout pick

CADCHF, CADJPY, GBPCAD,

Otherwise, same chart I posted earlier with key support at 1.3662-80 needing tio hold to check the downside.

[GVI Forex 2]

Finally Everything You need from a Borket in ain a Prop FirmProp Broker

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[Belgrade Bobby]

BTCUSD
Bitcoin’s days below $70K are numbered as traders cite BTC’s swing low as the bottom
I see it at 55K…

Let’s see who’s gonna be right.

[Belgrade Bobby]

NVDA
Nvidia’s stock turns sharply lower with a $230 billion swing in market cap
Nvidia Corp.’s run as the largest U.S. company by market capitalization is on track to get clipped after just a day, with shares of the chip giant reversing sharply lower in Thursday afternoon action.

[Belgrade Bobby]

GME – GameStop Corp

GME: GameStop Stock Down 63% from Frothy Highs Last Month. Is Meme Trading Fading?

Roaring Kitty can only do so much — his PR stunts and screenshots took degen traders on a wild ride that ended where it started. Now, many are left holding the bag.

·         GameStop shares in bad place.

·         Flurry of events batters traders.

·         CEO Ryan Cohen to cut costs.

GameStop Corp  GME stock has lost close to 16% this week following its annual shareholder meeting, where CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction.

Cohen also emphasized the need to avoid the “hype” associated with the meme-stock frenzy.

[Belgrade Bobby]

NASDAQ 100 Daily

Supports at  19.680.00, 19.365.0

Resistances at  20.100.00 & 20.265.00

After two weeks of almost vertical climb , today we saw first the new high and then e a decent bounce of the that high.

As long as it holds above 19.365.00 it can continue to push for more .

[GVI Forex 2]

GBPUSD 4 HOUR CHART – PAUSES ABOVE SUPPORT

 

 

It still amazes me how uncanny The Amazing Traders can be with its chart levels and this chart shows the 1.2756 level what I posted much earlier.

Note how GBPUSD paused above 1.2656 and after a period of going sideways, has given up and staged a bounce.

The Amazing Trader

[GVI Forex 2]

More like rotation into the lagging DJIA

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Risk off or a technical move?

 

 

Xauusd break of 2341 takes it our of its recentg range and into one where 2387 is the key l;evel.

To keep it simple. Watch 2350 as it will dictate whether this move can make a run at 2387.

Fallback support is from 2331-41.

[SF Monedge]

It looks to me like there is some mild risk aversion across markets

[Mtl JP]

Some moods swirling around markets
–
Yahoo Finance
Fed will ‘join the party,’ cut rates at some point in 2024
… the debate rages on over when the Fed will cut rates

(WSJ) EU Recommends Disciplinary Action Against France for Excessive Deficit
The Commission also backed action against Italy, Belgium, Poland, Hungary, Slovakia and Malta for the same offense

The Commission, which polices the European Union’s budget rules, also backed action against Italy, Belgium, Poland, Hungary, Slovakia and Malta for the same . Its recommendations will be considered by EU governments at a meeting next month.

(CNBC) And a message European peasants from IMF’ s kristalina:
Your productivity sucks: prepare to work ! and work harder !!

https://www.cnbc.com/2024/06/20/imf-chief-says-europe-looks-like-an-ideas-supermarket-for-the-us.html
IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S., calls for further integration

[Author]

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