[Mtl JP]

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

[GVI Forex]

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]

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]

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]

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.

[Author]

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