[Mtl JP]

jay’s moment of “magic” approaching

EURO 1.0950
THE MOMENT OF ANXIETY, for maybe the first 10 minutes or getting stopped, whicheve comes first

[GVI Forex]

USDJPY 30 MINUTE –EASING PRESSURE

 

QUICK SUMMARY –

SEE MY EARLIER POST ABOUT 142 AND 141.68 BEING A GOOD SUPPORT

ISM SERVCIE3S PMI THREW STOCKS A LIFELINE’

THIS WAS FORESHADOWED BY A BOUNCE IN COMMODTY CURRENCIES (SEE MY POST)

CHART:

WATCH 143.97 (SUGGESTS 144.00), IF ABOVE FOCUS SHIFTS BACK TO 145.

[Mtl JP]

yes ! YES !!

cnbc squawk box:

“Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’
Chicago Federal Reserve President Austan Goolsbee spoke Monday morning on CNBC’s “Squawk Box.”

[GVI Forex]

That’s it for key US data this week…

Key political events:

Harris picks a VP

Geopolitical risk

Iran retaliation vs Israel

[Mtl JP]

AB hk – animal spirits awoken
dog eat dog

FED would be making a grave mistake to heed jeremy siegel

[GVI Forex]

ISM Services beats on upside…

See our Economic Calendar

[GVI Forex]

Commodity currencies bouncing (AUD and NZD joining CAD)… see if it is a leading sign for stocks

[GVI Forex]

Bobby, Hidden hand = BoJ

[Belgrade Bobby]

USDJPY Daily

That lowest trend line – a bit of Thumb analysis –  width of the channel….

It was there before all this happened…

As for a “Hidden hand” Jay, how about BoJ ….they don’t like any extremes….screwing up with their economy big time.

Every single Japanese product is about 15% more expensive compared to 15 days ago…

[GVI Forex]

EURUSD tests 1.10.. repelled on first test

Is there a hidden hand supporting USDJPY below 142?

Stocks bouncing after S&P reached 10% correction – Plunge Protection Team?

[Belgrade Bobby]

EURUSD Weekly

After this sharp move Up, had to check it out on Weekly…

Supports : 1.09600 , 1.09250 & 1.08500

Resistances : 1.10950 , 1.11500 & 1.12750

Target ( within weeks ) at 1.13500

[Ab hk]

JP//Simply fear and greed.

[Mtl JP]

AB about your =128 this week

think the toyotas and hondas of the world would be able to adjust to such a massive n rapid ccy move ?

[GVI Forex]

USDCAD WEEKLY CHART – PAUSE BELOW MAJOR HIGH

USDCAD reversing after pause below 1.3977

Still just a retracement as key levels are distant.

The move down is consistent with the repatriation argument during times of stress.

A close below 1,3834 would produce an outside day key reversal (questionable how well it works in FX). but 1.38 is likely most important in keeping the bid.

[Ab hk]

seems truth unveils……

When will bitcoin at 20000? When a lot are yelling for 150K?

[Mtl JP]

YES or NO
———
Earlier Dudley was screaming that his hair caught fire (in reaction to Sahm indicator)

Now ….” as speculation about hurried and dramatic interest rate cuts mounts”

more moRE MORE screamers:
Leading economist issues dire warning about the US economy
A leading economist has issued a dire warning about the US economy – tearing into the Federal Reserve for a ‘policy blunder’ that could send the country into recession. Mohamed El-Erian (Pictured), the chief economic advisor at Allianz, said on Sunday he fears the economy may be spiraling following a dismal unemployment report last week.

Wharton’s Jeremey Siegel on Monday called on the Federal Reserve to make an emergency 75 basis points emergency cut in the federal funds rate after Friday’s disappointing jobs report.
In addition, there should be “another 75 basis point cut indicated for next month at the September meeting — and that’s minimum,”

So here is THE bet:
Will the FED gang heed the screamers:
YES
NO

[Belgrade Bobby]

GBPUSD Daily

Inner channel broken .

Supports : 1.27050 , 1.26150 & 1.24050

Resistances : 1.28200, 1.28500/600 & 1.28950

Close tonight below 1.27750 would be a clear signal for more losses in next few days

[GVI Forex]

10% correction rule

I believe it is 10% off the record closing high.

[GVI Forex]

A look at the day ahead in U.S. and global markets from Mike Dolan

Whether the prospect of a U.S. recession is real or imagined, the mere return of the discussion has been enough to send world stocks and bond yields reeling just as AI doubts and a Japan-led volatility spike have barreled into holiday-thinned August.

And like many global selloffs before it, there’s the risk of a self-feeding spiral amid a frantic search for “safe” bonds as speculation about hurried and dramatic interest rate cuts mounts.

Morning Bid: Stocks reel on ‘R-word’ return, Nikkei dives 12%

[GVI Forex]

USD500 WEEKLY CHART – 10% CORRECTION LEVEL

With Nasdaq already in correction territory (more than 10% off the record high), an equivalent level in US500 comes in at 5105.

Calling for a bottom in this type of market is like throwing a dart so watch 5200 as one of those pivotal levels as well as 5192, briefly broken so far.’

Chart shows 4923 as next key support, making 5000-52000 a pivotal zone.

[Author]

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