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Writer's pictureStéphan

#USDJPY 160 / Strong US PMIs / French election on Sunday, 1st round / Month-Quarter-Half year-end flows to dominate this week / #SMH 'bearish engulfing candle'




  • Week ahead : Biden vs Trump debate on 27th June, BoJ apparently ready to intervene, 1st round of French election on 30th June, 4th July UK election and 2nd round of French election on 7th July

  • Strong US S&P PMIs: S&P manuf and services PMIs both came in stronger than exp on Friday (6months highs), dragged GOLD lower, USD higher, NVDA had it's first negative week since ApriL (also the largest 'insider' selling week in the stock - will it matter??), DJ had it's best week since May, and we had a bearish Engulfing Pattern for Semiconductors #SMH

  • The yen remained under pressure and close to key levels against the dollar Monday, even after Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary

  • French elections: Macron pledges 'change' and to 'act until 2027' in open letter

  • Israel offensive into Lebanon risks Iranian military response, top US military leader says

  • Apollo : The Neutral Interest Rate Is Higher than the Fed Thinks

  • Apple likely won't release its new AI features in Europe this year because of regulatory concerns >>> data protection, copyright's issues...

  • China wants EU to scrap proposed higher tariffs and 'abide by WTO rules,' state media reports

  • WSJ: "Manufacturing comprises 15% of Europe’s overall output, and 18% of Germany’s, compared with 11% of the U.S.’s, reflecting specialization in high-tech engineering tools and machinery that helped to power China’s rise. But China increasingly competes in products it used to buy from Europe."

  • Growth’s outperformance versus Value is at its highest level since 2000, and/or Small cap stocks are down 2% on the year while Large caps are up 15%, nothing new, as we all know about the Mag 5 or 7, but still

 












Apollo : The Neutral Interest Rate Is Higher than the Fed Thinks  062324-Chart.pdf (apolloacademy.com)








#SMH smi conductor index 'bearish engulfing candle'


EURJPY - BoJ testing times ahead - again


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