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Writer's pictureStéphan

#BTC <200dma, crypto down / UK elections, as expected / Biden / U.S NFP & France 2nd round up next



  • U.S NFP this afternoon, expected to be on soft side

  • UK election results, as expected... Labour gains big majority of approx 410 seats out of the 650, LibDems did well, Reforms got a few seats, Green 4 seats best ever, nothing that should shake financial markets >>> they will push for the UK as a centre of research excellence, working on commercially viable solutions, biotech, science, R&D and so on, for which a closer relationship to europe will be necessary >>> #GBPCHF higher overall

  • ALL of the outgoing members of this Tory government lost their seat overnight..

  • France election, RN will fall well short of the outright majority, 2nd round usually vastly different, alliances... Le Pen's party likely to gain between 200-240 seats, short of the 289 required >>> lots of words, shouting and political games, chances are little actually happens

  • Biden : FT - Governors Gretchen Whitmer and Gavin Newsom along with vice-president Kamala Harris are the donors' preferred candidates to replace Joe Biden in the White House race, several people familiar with the matter have said

  • #BTC down through key support/200dma >>> at a guess, most 'tourists' bought bitcoin above 55K one the #ETF news.... below this all/most of those late buyers are loosing money, crypto's well off their recent peaks... 71K to 51K in 1month

  • #GDX vs #XAUUSD - generally speaking miners (most hated industry currently) have a huge divergence relative to #gold prices >>> ''The gold is the ultimate reserve if the entire financial system were to get into trouble and nothing would be of value anymore''

  • Jamaica, Etna, California, not nice

  • Brazil's Bolsonaro indicted for alleged money laundering for undeclared diamonds from Saudi Arabia

 






wait, what, he really said this!!?...something has to give sorry Joe




good grief, you think you have it bad ?



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