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AT Trader john  12:35:52 GMT - 06/06/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 8 June 2020
No Major Data
Tue 9 June 2020
AA 9:005 EZ- EZ GDP
B 14:00 US- JOLTS
AA 09:30 UK- Trade
AA 09:30 UK- Visible Trade
Wed 10 June 2020
AA 12:30 US- CPI
A 14:30 US- EIA Crude
Thu 11 June 2020
A 12:30 US- Weekly Jobless
A 13:30 US- PPI
Fri 12 June 2020
A 08:30 GB- Output, Trade, GDP
C 12:30 US- Import Prices
AA 14:00 US- Prelim Univ of Michigan




AT Trader john  20:42:21 GMT - 06/06/2020  
LATE Friday
DJ: 27,111 +829
SP: 3,193.3 +81.6

2-yr 0.222% +1.2 bps
Spread 10s-2s +70.0 bps (+64.98bps)

10-yr
US: 0.922% +10.2
UK: 0.361% +0.6
DE: -0.279% -0.1

EURUSD MACRO TREND: HIGHER
Spots (Pivot Point prev day)
EURUSD 1.1291 (1.1318)
GBPUSD 1.2671 (1.2662)
EURGBP 0.8909 (0.8934)
USDJPY 109.61 (109.51)

Past Week 1.1384-1.1101 (283 pips)
fri: 1.1384-1.1279 (105)
thu: 1.1362-1.1195 (167)
wed: 1.1250-1.1167 (88)
tue: 1.1250-1.1115 (81)
mon: 1.1153-1.1101 (52)


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20-day avg: 1.0985
50-day avg: 1.0920
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200-day avg: 1.1012

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Mtl JP  21:22:18 GMT - 06/06/2020  
(WSJ) OPEC and its allies finalized on Saturday an extension of their record oil-production curbs through July, delegates said, after Iraq and Nigeria agreed to slightly deeper cuts to compensate for their failure to adhere to recent agreements.

OPEC, Allies Finalize Deal to Extend Oil-Output Cuts



AT Trader john  15:03:59 GMT - 06/07/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 8 June 2020
No Major Data
Tue 9 June 2020
AA 9:005 EZ- EZ GDP
B 14:00 US- JOLTS
AA 09:30 UK- Trade
AA 09:30 UK- Visible Trade
Wed 10 June 2020
AA 12:30 US- CPI
A 14:30 US- EIA Crude
Thu 11 June 2020
A 12:30 US- Weekly Jobless
A 13:30 US- PPI
Fri 12 June 2020
A 08:30 GB- Output, Trade, GDP
C 12:30 US- Import Prices
AA 14:00 US- Prelim Univ of Michigan




Mtl JP  21:32:24 GMT - 06/07/2020  
AT Trader john 15:03 GMT
Omission, distraction or will it really be so insignificatnt as not to merit a listing in your post ?
-
GV's FOREX CALENDAR
10/06/20 18:00 AA USFRB Fed Rates 0.25% 0.25%

I d add, for completness, sake:
14:00 FOMC Statement
14:00 FOMC Economic Projections
14:30 FOMC Press Conference

altho players are unlikely to be surprised by the rates announcement,
jerome is known to occasionally put his foot in his mouth during his presser.

the projections, such as their "dot plot" are likely to be more comical relief than anything else.


dc CB  21:42:29 GMT - 06/07/2020  
Mon -44Bln in 3Y notes on the Block Treas results after 1Pm ET
Tues - 29Bln in 10 Year notes.

imho the yield ('rate') and the participation aka the Bid to Cover along with who shows up, will no doubt inspire a lively discussion at the Meeting.

Last week the bond market sold off --- and Yields rose.


Israel  MacroMicro  22:05:49 GMT - 06/07/2020  
MEXICO CITY (Reuters) - Mexico has taken out a $1 billion loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday.


Mtl JP  22:07:49 GMT - 06/07/2020  
 
early GAP rocket


Mtl JP  22:09:14 GMT - 06/07/2020  
possibly going after 3210 stops


Mtl JP  22:31:47 GMT - 06/07/2020  
EURO 1.1303
-
last week euro jubbs had a bit of fun with eager enthusiasts going North with break of 1.1350, hitting 1.1381 and ... POOF!

and so here we are contemplating how easy or not the Res is at 1.1425 and 1.1490 (1.15) or ...



Mtl JP  22:36:45 GMT - 06/07/2020  
so maybe the mexican will not collude with the OPEC+ gang in cutting its oil pumpin' as they seemed to have announced over the weekend (saturday I think), currently up at around $39.6x


Mtl JP  22:53:56 GMT - 06/07/2020  
CB 21:42 lively discussion
Last week the bond market sold off --- and Yields rose.
-
jerome and his gang appear comitted "all in" to try to prevail over some bond types selling off, leading to rates riding uP -> leading to stocks selling off.

The BET seems to be ... 10yr over 1% or not ? (last at 0.902%)



Mtl JP  23:39:15 GMT - 06/07/2020  
 
2x top on SnP
fwiw


AT Trader john  08:45:35 GMT - 06/08/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 8 June 2020
No Major Data
Tue 9 June 2020
AA 9:005 EZ- EZ GDP
B 14:00 US- JOLTS
AA 09:30 UK- Trade
AA 09:30 UK- Visible Trade
Wed 10 June 2020
AA 12:30 US- CPI
A 14:30 US- EIA Crude
AA 18:00 US- FOMC Decision
Thu 11 June 2020
A 12:30 US- Weekly Jobless
A 13:30 US- PPI
Fri 12 June 2020
A 08:30 GB- Output, Trade, GDP
C 12:30 US- Import Prices
AA 14:00 US- Prelim Univ of Michigan




AT Trader john  09:00:03 GMT - 06/08/2020  
Monday
DJ: 27,091 +72
SP: 3,193.8 +1.8

2-yr 0.218% +0.2 bps
Spread 10s-2s +70.4 bps (+70.0bps)

10-yr
US: 0.922% +1.7
UK: 0.354% -0.1
DE: -0.282% -1.2

EURUSD MACRO TREND: HIGHER
Spots (Pivot Point prev day)
EURUSD 1.1303 (1.1318)
GBPUSD 1.2698 (1.2662)
EURGBP 0.8902 (0.8934)
USDJPY 109.49 (109.51)

Past Week 1.1384-1.1101 (283 pips)
mon: 1.1320-1.1281 (39)
fri: 1.1384-1.1279 (105)
thu: 1.1362-1.1195 (167)
wed: 1.1250-1.1167 (88)
tue: 1.1250-1.1115 (81)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.0985
50-day avg: 1.0920
100-day avg: 1.0958
200-day avg: 1.1012

Global-View Daily Trading Chart Points





>


AT Trader john  09:31:54 GMT - 06/08/2020  
Cautious start to trade for the new week. Already some doubts are being raised about the strength of Friday's U.S. employment data.


Mtl JP  12:57:44 GMT - 06/08/2020  
 
Sentiment
96.85-ish
-
one could think the DLR is trying to regain some dignity (by not sliding further and rapider into the toilet) as 96.50 holds S


AT Trader john  13:46:21 GMT - 06/08/2020  
Lagarde speaking will do all necessary...


Mtl JP  14:04:17 GMT - 06/08/2020  
Introductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament (by videoconference)
Brussels, 8 June 2020

Madam Chair,

Honourable members of the Economic and Monetary Affairs Committee,

Ladies and gentlemen,

... Europe has entered a crisis of an unprecedented scale. A crisis that is of no one’s making and ...

you can rest assured that the ECB will within its mandate continue to support the recovery with all appropriate measures
Questions ?



Mtl JP  14:45:56 GMT - 06/08/2020  
1695
-
Gold is uP ~20+-ish bux off its recent low
maybe it is being stimulated by expections of more moRE jerome stimulus


Israel  MacroMicro  14:53:20 GMT - 06/08/2020  
JP 14:45

or just correcting the move of last few sessions before taking last week's low at least by $5


AT Trader john  15:30:39 GMT - 06/08/2020  
The 3200 line in the S&P has been pivotal to its tone. Investors still want to buy stox. I live in a different universe and stay out of theirs.


Mtl JP  15:59:31 GMT - 06/08/2020  
john 15:30 what universe do you live in ?
-
have you decided to snubb - if not outright fight - the Fed ?


Mtl JP  16:04:00 GMT - 06/08/2020  
I note the bond universe currently appears happy to be getting yearly 0.873% on a 10-yr loan


Mtl JP  16:11:24 GMT - 06/08/2020  
 
926
-
I guess as there are exceptions to rule, so is "this time it is different" sometimes true as Tesla simply rules (and rolls) over my GAP theory.


london red  16:13:08 GMT - 06/08/2020  
patience JP patience.


dc CB  16:13:13 GMT - 06/08/2020  
top of the hour will tell us how the 3Y --- 44bln goes


dc CB  16:35:30 GMT - 06/08/2020  
Mtl JP 16:04 GMT

the FED has cut POMOs way back so where do the PD's go for that Free Money --- TOMO making a comeback----and yes You Need Treas for collateral. It's not the '10 Y Loan' rate.

So today 120bln in the market--

Overnight 67.050
20d 53.200bln


Today's Repo RevRepo



Mtl JP  16:39:57 GMT - 06/08/2020  
red 16:13 haha, patience. as commendable as it may be
endurance ... is necessary
its pain ... is unbearable

like a convict with a noose around his neck looking at a label on the wrapper "Garantee: will outlast a lifetime"


dc CB  17:11:24 GMT - 06/08/2020  
0.28%

3Y results



Mtl JP  17:20:16 GMT - 06/08/2020  
so I think I should apologize to the mexican ..

Soured by Impending End to Extra Saudi Supply Curbs
Bloomberg June 8, 2020

"The oil market is already moving past this weekend’s producer deal to extend supply cuts, with prices sliding on Saudi Arabia’s decision to end extra reductions." .../..

wti at ~38.20, off ~40 bux earlier today


dc CB  17:31:41 GMT - 06/08/2020  
Despite the record auction size, demand was solid: bid to cover was virtually unchanged from last month at 2.55, and above the six auction average of 2.43; total bids were $112.6BN, sharply higher than the $101.6BN in bids tendered for the previous 6 auctions.

The internals were also impressive, with Indirects taking down 53.3%, down slightly from 54.4% last month but also above the 6-auction average of 50.4. Directs rose again, taking down 14.5%, the highest since February's 18.1% (above the average of 13.2), leaving Dealers 32.2% of the auction (slightly below the 36.3% average), which they will seek to promptly sell back to the Fed.

Treasury Sells A Record $44BN In 3Y Notes To Solid Buyside Demand



dc CB  17:36:11 GMT - 06/08/2020  
if the 10 puts in a similar performance tomrow----'all is good'


Israel  MacroMicro  19:48:04 GMT - 06/08/2020  
VIX - the signal?


Mtl JP  22:10:14 GMT - 06/08/2020  
 
red 16:13 / patience /
-
This one is a winner: GAP now poof !
all it took... was .. patience






Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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