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- Jade Gate commented 5 hr ago
Very much doubt that "officials" will act. More like market itself will do the job and do it thoroughly. Call it instinct (and timing).
- Jade Gate commented Apr 25, 2024
They won't intervene. They have their instructions from Mummy. They will be the obedient children that they are. It must suck for them being told how to behave. Unlike the SNB who is all grown up and makes their own decisions without consulting ...
- Jade Gate replied Apr 25, 2024
There will be barely any movement when the JPY rate decision comes out, except for the Yen pairs to go on another north romp like they did last time with BOJ's "surprise" rate decision. GBPUSD and USDJPY have always had an inverse correlation to ...
- Jade Gate replied Apr 25, 2024
If ever those JPY fuckwits running the show are planning to intervene, NOW NOW NOW is the time to do it. Stupid meaningless words and even more stupid BOJ rate policy isn't going to come even close to dealing with the mess they've made.
- Jade Gate replied Apr 25, 2024
Do have to wonder if the Yen will EVER resume the role it once had, as the lead indicator for "risk off". Is this the week for it or no?
- Jade Gate replied Apr 24, 2024
They are "sisters", EU and GU. Like most sisters, sometimes they get along well, travelling in the same direction. Other times, they hate each other's guts, and make it known, going in opposite directions. That's why watching the EURGBP cross ...
- Jade Gate replied Apr 24, 2024
VIX tanked yesterday during US session when equities were having a north party. VIX doesn't trade without US equities live.
- Jade Gate replied Apr 24, 2024
Very possible. OIL chart - strong collection of wicks on daily chart, meaning north
- Jade Gate replied Apr 24, 2024
Something big is afoot. Don't know what yet, but the indices all look like they wanna go south and USDCHF is in an ascending wedge pattern. UJ also looks like it wants to go on another north romp. USD demand (?) but for what purpose (?). Unknown as ...
- Jade Gate replied Apr 23, 2024
LOL my stops were much lower than the time of posting that chart. I always move them down (or up) before sleep since I'm on the other side of the planet. This is where my stop was. Trades all booked in good profit while I slept. Woke with a nice ...
- Jade Gate commented Apr 23, 2024
Aus has all kinds of social security type payments for parents to incentivize people to breed. If you have 4 kids, you (as the stay at home parent) never have to work, and collect a motza from the govt. Only problem is that the ppl who do breed 4+ ...
- Jade Gate commented Apr 23, 2024
And here's a known but somewhat unusual chart pattern on monthly time frame EURNZD - the cup and handle. Rule is the handle needs to stay above 50% retrace of the cup. If so, big north binge coming. And it does look that way to this trader. A longer ...
- Jade Gate commented Apr 23, 2024
Here's the lowdown on actual expected NZ balance of trade number and it ain't pretty, almost double the negative digits on FF calendar url New Zealand recorded a trade deficit of 218.10 NZD Million in February of 2024. Balance of Trade in New ...
- Jade Gate commented Apr 23, 2024
Aus had lockdowns like everywhere else but not nearly as harsh as NZ, and we maintained shipping both commercial trade and tourism cruise ships. NZ is busy importing tons of immigrants to deal with the outflow of NZ citizens to Aus. Aus has been ...
- Jade Gate commented Apr 23, 2024
Ahern shut down just about everything during Covid, way harsher than anywhere else. Couldn't even get take-away food - forced the fast food outlets to shut up shop. Imports came to a grinding halt. Exports too, can't have those nasty germ ridden ...
- Jade Gate commented Apr 23, 2024
Good analysis. Many Kiwi young people with skills leaving permanently for much higher paid work in Aus. Was over there for the ski season last year, it just looked terrible. Housing prices are completely off the grid. Over-government ex Ahern's ...
- Jade Gate replied Apr 22, 2024
Ok, this game is called "Spot the Inter-relationships". It cannot be emphasized enough re the need to watch these inter-relationships religiously.
- Jade Gate replied Apr 22, 2024
Cable's frenemy, the cross, cleared the 200 sma (purple) but expecting it to run into some opposition at the 200 ema (red)
- Jade Gate replied Apr 22, 2024
Expecting to see cable looking for support on the 50.0 fib at 1.2280 or so. Previous support around that level too, not just the fib. BUT if it doesn't hold then next train stop is 1.18180 at 38.2 fib. And yup, time to move my TP stops down to cover ...
- Jade Gate replied Apr 22, 2024
It does look like everything is about to get smacked by USD strength DXY, wicks below on the daily chart (meaning north traffic coming). Monthly chart, may be headed to 108.70. Earnings season ramping up into overdrive this week, market is going to ...