[SF Monedge]

JP – forwards contracts have dark clouds all over the place.  Options implied volatility shows stable movement for the current contract (not a directional metric just market participation climate).  Sell side looks dominant internally into buy side volume.  Buy side is dominant overall but the activity is showing a tussle approaching 0880.

Implied volatility in Yen is stale at present, it was rising a bit a week ago and a month ago, so the options market is of the belief we don’t see any dramatic price swings right now.  That can change of course and the MOF/BOJ decision tonight has plenty of potential to alter that.  Right now it is moving lock step with Black-Scholes application so the read is sturdy.  The higher priced options are at 144.90 roughly.

Side note – my primary email was hacked again last night so you have to reach me by phone or through Jay until I get it resolved.  The day I became a CTA years ago they have been after my email and bank accounts since lol.

[Mtl JP]

euro 1.0861

order to short 70

[SF Monedge]

Bobbie – For sure.  Sterling is a good example of a textbook both ends stop run overnight and this morning.  Purely 100% pre-set algorithms on the hunt for easy money by big money.

[Belgrade Bobby]

SF – lots of stops are lurking above that 1.4….it can be rejected there, but if….:D

[SF Monedge]

I already see quiet Call buying in Loonie futures ahead of the figure but can’t tell yet if it is portfolio adjustments or early positioning.  I will know soon.

[SF Monedge]

Bobby I think if Loonie is going to stall it will be around futures 7150, it is 7190 right now.  That would coincide with 1.4 in spot I believe.

[Belgrade Bobby]

USDCAD Weekly

To be able to figure out next moves of  Loonie, I had to check out weekly chart.

Only questionable level is at 1.39450 – previous high two months ago.

Angle and Pattern of this move  calls for new high and run all the way to 1.43500

That Support line below that you can see ( tested but never closed below it) is going back to 2021.

It is Bullish as bullish can be.

[SF Monedge]

US 1yr and 2yr yields are up and the 10yr and 30yr are down, which is almost surely and effect of today’s Treasury buyback.  Creates a bit of temporary scew in markets.  So the general bias is down in the very near term for yields buy likely only for a window and could see 41.50 in the 10 eventually.  Bigger picture remains US yield strength.

[GVI Forex]

U500 4 HOUR CHART- CONSOLIDATING

Keeps a bid while above 5800.

Would need to break 5865 to put key level in play.

Otherwise, consolidating

[Mtl JP]

EURO 1.0851

I am biased – puppy needs to mosey over to test 1.0870 Res

[SF Monedge]

I like the buy side of oil closer to 67 if you are not already in.

[Mtl JP]

EURO 1.0847

–
Parade of ECB yakkers on deck

11:00 schnable
11:15 villeroy
14:00 nagel

with only purpose of trying to help players reprice ECB easing expectations

[SF Monedge]

Could see New Zealand around 6600 6610 and one might expect it to run out of steam a bit around there.

[Belgrade Bobby]

GBPUSD Daily

The Devil at it’s best…now it all look quite natural and reasonable, but on smaller time frames it is a mess.

1.30650 is the Major Obstacle now.

To be certain that we have turned Up, I would like to see it above 1.31

[GVI Forex]

GBPUSD 15 MINUTE – Roadmap

Similar to EURUSD, this is one way to use The Amazing Trader

1.2977 break => 1.3002 => If 1.3002 become upport then 1.3027 come on the radar

[GVI Forex]

EURUSD 15 MIN CHART – LIKE A ROADMAP

Posting this to how The Amazing Trader can be used a a roadmap

1,0830 break => targets 1.0844

A 1.0844 break would put 1.0959 on the radar if 1.0844 became support.

[GVI Forex]

Lower US yields may be weighing on the USD

[GVI Forex]

EURUSD 1.0828: similar AT resistance line comes in around 1.0830 (also the initial target from the bounce off the low), just nicked. Break would confirm the end of the down episode.

[GVI Forex]

10 Year Bond Yields SSnapshot

[GVI Forex]

GBPUSD 15 Minute Chart -Intra-day resistance

You can see where 1.2977 resistance comes from… it is an >Amazing Trader (AT) chart level and its importance is based on AT logic

A break of this level would confirm the end of the down episode (it is also the initial target for the bounce off the low)

[Author]

Posts