[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.

[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.’

Cahrt shows 4923 as next key support, making 5000-52000 a potential area that could cause a pause.

[GVI Forex]

BTC WEEKLY CHART – HE BIGGEST LOSER

BTC BRIEF BREAK BELOW 50k SETS THIS AS THE KEY LEVEL.

You can see why ON THIS CHART with a big void of key levels on the downside.

Back above 53435 would be needed to slow the threat.

Why is BTC so weak and not acting as a safe haven?

I can answer that with more questions than answers

Is it unwindibg of JPY carry trades>

Is it a need for liquidity to cover losses/margin calls in other markets?

Is it part of a deleveraging process?

Is it that cryptos are just a house of cards?

Contact me at jay@global-view.com with your thoughts

[GVI Forex]

BTC WEEKLY CHART – HE BIGGEST LOSER

 

BTC BRIEF BREAK BELOW 50k SETS THIS AS THE KEY LEVEL.

You can see why ON THIS CHART with a big void of key levels on the downside.

Back above 53435 would be needed to slow the threat.

Why is BTC so weak and not acting as a safe haven?

I can answer that with more questions than answers

Is it unwindibg of JPY carry trades>

Is it a need for liquidity to cover losses/margin calls in other markets?

Is it part of a deleveraging process?

Is it that cryptos are just a house of cards?

Conatc me at jay@global-view.com with your thoughts

[GVI Forex]

USDJPY WEEKLY CHART – WATCH 142

The last time USDJOY traded below 142 was 27 weeks ago enroute to 161.93 and only 5 weeks to trade back below 142.

Why am I focusing on 142?

It is one of those pivotal levels and the last line of defense before 140 comes on the radar.

Support: 141.68 (Monday low), 140.23, 140.00

141.68 showing signs of pretty good support

More important than resistance is how USDJPY trades vs. 142 as that will dictate whether 140 comes under attack.

[Mtl JP]

michael 2:11 – Market Playing Theme: M/E tension vs recession prospects

Grand scheme market is currently fickle playing this-one or that-a-one
arguing (pricing) about dominant theme:
overnite brent is actually down some to 75-ish from 77-ish

[GVI Forex]

Current scorecard as recession fears take over

Winners: JPY, EUR, CHF

Losers: GBP, AUD, NZD, STOCKS, BTC, GOLD, OIL

Unchanged: CAD (after earlier fall)

[GVI Forex]

EURUSD WEEKLY CHART – REPATRIATIONS OR RISK OFF?

When yoU see markets like this one where stocks are melting down, you often see repatriations back hOme.

So whether EURUSD is being boosted by repatriations or safe haven flows, what matters tO traders is the 1.0980-00 level, especially the upper end at 1.10

Intra-day, 1.0950 will be important in dictating whether there is a run at 1,10 but the focus is clearly on US stocks as that is leading the risk off mood.

[GVI Forex]

Nikkei Index -12.4%

[GVI Forex]

Nikkei Index -12.4%

[GVI Forex]

Nikkei sinks 11%, Nasdaq futures dive 3.7%

Circuit breakers tripped by torrent of selling

Markets see 50bps Fed cut in Sept, maybe even earlier

Dollar falls 2% on safe haven yen, 1% on Swiss franc

SYDNEY, Aug 5 (Reuters) – Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering th

Stocks trampled in stampede from risk, bonds eye rapid rate cuts

[Ab hk]

should see 128 this week.

[michael Calif]

futures traders went Long Crude Oil during last week’s price decline    :gtwo3

[Mtl JP]

Where when have we seen this before ?

“I believe it is a certainty that if we do not change course, Iran will in the coming weeks or months possess a nuclear weapon.” – Sen. Lindsey Graham

Israel prepares for Iran attack amid warnings that regime is close to having nuclear weapon: ‘Unnerving’ JERUSALEM – As Iran ramps up its threats to launch a massive attack against U.S. ally Israel and possibly American assets in the region, the rogue regime in Tehran is on the cusp of producing a nuclear bomb.

Sen. Lindsey Graham calls on Israel to ‘destroy’ Iranian oil refineries

Brent currently zzs at around 79 bux

[michael Calif]

BTC moving lower at fast rate; no tradeable low yet in sight.    :gtwo3

[Author]

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