117 expiries this week which shud cap any further gains. 11640 to forex trading service any chance of testing res in 11670-95 zone.
German May 2018 Jobless data stronger than expected. 11640 and on a break can take mkt to 11670-11695 where reaches daily techs and a good fade. You can stop buying Chinese products and buy American products instead . Cottarelli does some magic and comes up with a white Rabbit . Never listen to Bloomberg , CNBC doom.
Meanwhile US President Trump has decided to increase taxes on US consumers, having previously tweeted against doing so. USD 50bn of goods partially made in China is to go ahead. Next step ECB forbids the selling of peripheral bonds from Italy, Portugal, Spain, Greece etc ? 11540 unless it closed above 11620. World central banks and befriended hedge funds selling VIX and buying stock index futures . Don’t fight central banks and PPT .
Trump needs a higher stock market for republicans to win the election and to brag about how good he is . Guess we have seen the lows for the year . European banks and insurers still have exposure to Italy . ECB stress test did not test for rising Italian rates . 114-11450 would normally be a great area to reload for longs, but we need to see a trigger for sentiment to improve as this trade has some real momentum and is beginning to border on panic, certainly if you look at italian assets.
72 during this week and down to 66 in june. 500 also moved today below previous week low. 100 week simple moving average starts soon to cross up 200 week simple moving average. 50 day simple moving average expected if italian yields cool down. 148000 contracts long in the last week of april. 1,2350 and 50k contracts gone and euro is 800 pips lower. 100k more contracts to sell then 1600 pips lower?
JP – looking at how you love to see gaps I see one going back to April 2017 around 1. 1507 and bounced only to 1. Weather the dump over last few weeks from 1. US fiscal structurals are behind the curtain and out of sight.
Which does not mean they are poof – gone. So in the meantime euros trend is the dominant focus and the current 1. 100 more pips from current 1. High-Low-Close data for more than a dozen currency pairs for over seventeen years of data in an Excel spreadsheet format.
Rolling Futures Contracts did not help or rather helped with a big push. 10Y futures — June 1,843,048 contracts. This week June First Position May 30, First Notice May 31, Delivery period begins June 1. CB, they thought they could fill the gap, that it was one of those days. Cash Treasuries close at the top of the hour. Actionable trading levels delivered to YOUR charts in real-time. We are starting an affiliate program to market some of our products.
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