[Mtl JP]

USDCHF 8860
–
here is a first in a few days (over a week) : a (dlr) break out UP and holding

[GVI Forex 2]

USDJPY 15 min chart  – red lines dominating, momentum pointing up but faces the invisible hand

After yesterday’s false break to the downside we are back to staring at 150.89 and the invisible hand guarding it.

A break/close above 150.79 would produce an outside week key reversal BUT ONLY A FIRM BREAK OF 150.84-89 WOULD OPEN THE DOOR ON THE UPSIDE.

Expect support on dips as long as 150.30 holds.

[Belgrade Bobby]

Looks like a Duck, Walks like a Duck…but is it …a Duck…or SHS..

 

[Anonymous]

Dow/US30
still active movement levels: 38880–39060

[Anonymous]

Dow /US30
Into buy mood unless it closed under 38880 and keeps below it.
39060 confirmed and will be reached.
Any decline below 38880 will return to it.
________________________________________
39060 Reached yesterday.

[Mtl JP]

feelings
mester says:
–
3 rate cuts in 2024 ‘feel about right’

[GVI Forex 2]

XAUUSD DAILY CHART: Testing the upside

Red lines dominating but layers of resistance (blue) overhead.

The next hurdle at 2044 briefly broken, needs to become support to make a run at 2065

On the downside, expect support as long as it trades above 2025.

[Swiss Frank]

CHF…. eur/chf establishing value above the 200 day mov avg currently at .9566 AND usd/chf establishing value above the 200 day and 120 day mov avgs currently at .8844 and .8822 should see the chf take the lead in the race for the weakest…. Probably.

[Anonymous]

Thanks SF Monedg
Amman – Concur exactly. Long Sterling looking for 2660
12660 is coming after the close above 12625.

[Mtl JP]

12:28nyt 4.242% rebounding a bit
Yield

mia is usd . sofar

[GVI Forex 2]

USDJPY 15-minute chart – False breakout => as indicated earlier if 149.53-60 breakdown does not hold => back to 150

Let the chart do the talking.

[SF Monedge]

Amman – Concur exactly.  Long Sterling looking for 2660

[Anonymous]

EURUSD
movement levels: 10805, 10837, 10870, and 10910.
Still active
____________________________
10805 Reached and now will be in buy mood to reach again 10837

[Anonymous]

GBPUSD

Into the down move.

Movement levels : 12625 12660 12692
_________________________________
12625 confirmed will be reached
____________________________________
12625 Reached and now will be into buy mood to reach 12660

[Mtl JP]

ok peasants … listen up:
“may” (ie. nobody knows for sure hihihi)
–
Bostic: Rate cuts may be ‘appropriate’ in summer

[Mtl JP]

10-yr at 11:22 AM 4.232%

not what is behind dlr’s pop. something else s the driver

[Belgrade Knez]

looking for EURUSD to test weekly low at 1.0796 …. hopefully today will close below 1.0800

 

[Mtl JP]

EURO 1.0815
currently probably disappointing euro enthusiasts (june hike proponents)

Pivot 1 Sup: 1.0805
also 1.0800 some sort of Sup (usually mostly symbolic)

[Mtl JP]

DLRCHF 8814 = at MULTIPLE TOP of range

lets see … if it

[Mtl JP]

I am thinking as long as the FED gangs keeps the rate cut flame of hope on, players will be making plays on IT be it by way of 3-month, 2yr or 5yr instrumental money flows bets

[SF Monedge]

Clearly risk on, but stalling at the moment.  Buy stops worked beautifully now looking to re-enter lower on the risk currencies (Eur-Aud etc).  Not biting on the buy side of UsdJpy going forward due to BoJ, worked yesterday but sell stops turned out to be more appropriate.  Seller of UsdJpy going forward even if I have to wait for buy side of the market to run out of steam.

[GVI Forex 2]

USDJPY Daily Chart – Breaks 2+ week range bottom as it follows the drop in US yields

The break of 149.53, while it holds, exposes a risk for the key 148.82 support (note the trendline just below it).

On top, watch 149.53-60  resistance. . Above it would put 150 back in play.

[Mtl JP]

post PCE and heading into 10:00ny
–
DLRx 103.77

10:50 – bostic fireside-chats
11:00 – goolsbee on monetary policy
13:15 – mester
15:30 – mester
20:10 – Williams

[Anonymous]

Into the down move.

Movement levels : 12625 12660 12692

Any rise above 12660 will return to it

[GVI Forex 2]

PCE in line with forecasts.

Knee jerk a relief rally reaction but will see if it lasts as next few hours should see month end related flows.

[GVI Forex 2]

PCE in line with forecasts.

Knee jerk a relief rally reaction but will see if it lasts as next few hours should see month end related flows.

[Anonymous]

GBPUSD

Into the down move.

Movement levels : 12625 12660 12692
_________________________________
12625 confirmed will be reached

[Mtl JP]

williams says (yesterday)
–
Reuters
Fed’s Williams sees more work needed to get inflation back to 2%

Bloomberg
Fed’s Williams Says Still ‘Ways to Go’ to Reach 2% Inflation

MarketWatch
Fed’s Williams said he’s ‘very focused’ on getting inflation back to target

Fed’s Williams: Inflation likely to reach 2% target in 2025

Rate-drop outlook: ‘We are not there yet,’ New York Fed president John C. Williams tells Long Island group

got that peasant ? now trade it
if you can ; if you dare

[GVI Forex 2]

US bond yields movin g up ahead of PCE inflation report

[GVI Forex 2]

USDJPY 30 Min Chart – Invisible hand 1, Market 0

Having failed to take out the invisible hand protecting 150.89 (double top at 159.84) left the market vulnerable to the BoJ yak on interest rate risk

So, far the move down paused above the 149.53 bottom of the range, leaving the focus on 150 to set the trading tone.

Expect more chop if it stays within 149.53 and 150.84/89)

[Author]

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