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Mtl JP  13:14:39 GMT - 07/02/2020  
GBP 1.2479
-
puppy taking a bit of breather from its recent rally to N of 1.25
and into tom's love-session between frost and barnier and
ahead of july 4th “Super Saturday” when boris allows hospitality ind (pubs, restaurants and hotels) to reopen


Mtl JP  12:31:53 GMT - 07/02/2020  
NFP 4.8 vs con: 3.0mln


AT Trader john  10:19:08 GMT - 07/02/2020  
Forecasts for U.S. employment data today are all over the place due to acknowledged significant errors in the previous report. Look for the May data to be revised weaker. There is a lot of uncertainty overhanging the June data as well. Once the dust settles, we could have a better idea if a "V" shaped recovery is possible.

U.S. bond market trading closes early today at 18:00 GMT (14:00 EDT), ahead of the Friday holiday.


AT Trader john  09:14:48 GMT - 07/02/2020  
Thursday: RISK ON?
DJ: 25,868 +261
SP: 3129.4 +23.7

2-yr 0.162% -0.2 bps
Spread 10s-2s +51.2 bps (+51.9bps)
10-yr
US: 0.674% -0.8
UK: 0.199% -1.3
DE: -0.407% -0.7

EURUSD MACRO TREND: NEUTRAL-POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.1294 (1.1239)
GBPUSD 1.2518 (1.2442)
EURGBP 0.9020 (0.9039)
USDJPY 106.50 (107.67)

This Week 1.1303-1.1185 (118 pips)
thu: 1.1303-1.1247 (56)
wed: 1.1276-1.1185 (91)
tue: 1.1262-1.1191 (71)
mon: 1.1289-1.1217 (72)
fri: 1.1240-1.1196 (44)

20-day avg: 1.1271
50-day avg: 1.1057
100-day avg: 1.1002
200-day avg: 1.1034

Global-View Daily Trading Chart Points







AT Trader john  08:29:10 GMT - 07/02/2020  

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

Thu 2 July 2020
A 09:00 EZ- PPI
AA 12:30 US- Employment
A 12:30 US- Weekly Jobless
A 12:30 US/CA- Trade
A 14:30 US- EIA Crude
Fri 3 July 2020
Final Service PMIs all day
US- Holiday




dc CB  01:33:05 GMT - 07/02/2020  
One more day in the US Trading week.

Bloomberg notes reversing of planned reopenings could spark the next wave of layoffs, adding that newly hired workers are getting the ax once again.

Jeffrey Bank, who heads Alicart Restaurant Group, was in the process of reopening his restaurant based inside the Tropicana casino in Atlantic City last week but was greeted by new communication from Governor Phil Murphy that a delayed restart of indoor dining will be seen due to a recent surge in virus cases.

Bank said he'll lose $100,000 on the false restart and will layoff 100 people whom he'd just recently rehired.

The surge in cases could derail nationwide reopenings - along with President Trump's economic V-shaped recovery that he routinely touts on Twitter. Data this week shows Florida's Miami-Dade County reported its highest numbers of hospitalizations and Houston, intensive-care units soared to 97% of capacity.

In recent days, Arizona, Florida, Colorado, and Texas closed bars and nightclubs to contain the spread - while Arizona shutdown gyms, water parks, and movie theaters.

https://www.zerohedge.com/markets/rehired-workers-get-axed-states-pause-or-reverse-reopening
____________________________________________________

A companion piece:

' It’s back with a vengeance, lurking in the subtext and sotto voce of virtually every headline and utterance from the above precincts with respect to the Covid-19.

Indeed, the entire Covid narrative is so hideously distorted, exaggerated, mendacious and risible as to finally confirm what’s actually been at bottom of the successive waves of RussiaGate, UkraineGate, the Impeachment Farce, the Covid-Hysteria and now the Summer of Race Huckstering, too.

Namely: Orange Man Bad!

https://www.zerohedge.com/political/stockman-virulent-trump-derangement-syndrome-back-vengeance


Mtl JP  20:09:28 GMT - 07/01/2020  
nuff time to ponder tomorrow econ calendar releases:
-
12:30 A US Weekly Jobless 1.30mln 1.43
12:30 A US Trade $bn -52 -49.4
12:30 AA US Avg Hr Earn -0.50% -1.00%
12:30 AA US Unemployment % 12.30% 13.30%
12:30 AA US Payrolls mln 3.0mln 2.5 mln

of the AA's I am guessing hourly earnings and payrolls could be market movers. and of the two I am guessing payrolls would dominate.
arguments ?


AT Trader john  20:07:01 GMT - 07/01/2020  
LATE Wednesday: Mixed RISK
DJ: 25,735 -78
SP: 3115.9 +15.6

2-yr 0.168% +1.4 bps
Spread 10s-2s +51.9 bps (+53.0 bps)
10-yr
US: 0.687% +3.4
UK: 0.210% -0.2
DE: -0.386% +1.4

EURUSD MACRO TREND: NEUTRAL-NEGATIVE
Spots (Pivot Point prev day)
EURUSD 1.1255 (1.1239)
GBPUSD 1.2474 (1.2442)
EURGBP 0.9022 (0.9039)
USDJPY 107.46 (107.67)

This Week 1.1289-1.1185 (104 pips)
wed: 1.1276-1.1185 (91) >br> tue: 1.1262-1.1191 (71)
mon: 1.1289-1.1217 (72)
fri: 1.1240-1.1196 (44)
thu: 1.1260-1.1191 (69)

20-day avg: 1.1271
50-day avg: 1.1057
100-day avg: 1.1002
200-day avg: 1.1034

Global-View Daily Trading Chart Points







AT Trader john  19:41:45 GMT - 07/01/2020  

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

Thu 2 July 2020
A 09:00 EZ- PPI
AA 12:30 US- Employment
A 12:30 US- Weekly Jobless
A 12:30 US/CA- Trade
A 14:30 US- EIA Crude
Fri 3 July 2020
Final Service PMIs all day
US- Holiday







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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