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fxsport commented Oct 27, 2022Mark this day: October 27th as the day the ECB put the final nail in the EU Recession coffin. You could have done 50% You SHOULD have done 50% and waited.... BUT NOOOO.... Monkey see...monkey do... image
ECB hikes rates by 75bp
- fxsport replied Oct 27, 2022
Pat, While I understand your statement I don't believe that the ECB is going to give the market .75% rather it will give a 0.50% rate hike; personally I think the 0.50% is much more prudent given the economic conditions in the EU. Irregardless of 75 ...
Cable Update (GBPUSD)
- fxsport replied Oct 26, 2022
@GreenJ - Please do not take this personally but you sound like the talking heads on TV. HOW can all the rate hikes be "baked in" when no one even knows how many are still necessary? There are so many unanswered questions: 1. How long will the war ...
EURUSD only
- fxsport commented Oct 26, 2022
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They've been writing articles like that for years - hence my belief in the past. However, remember when Trump was in office and he was VERY VOCAL in pressuring current ...Bank of Canada increases policy interest rate by 50 basis points, continues quantitative...
- fxsport replied Oct 26, 2022
So tomorrow SHOULD prove to be a very PROFITABLE day; assuming things go as planned; what is the plan you ask? Look at how far DXY has dropped over the past 3 days: image From the peak of 113.94 to 109.71 in just 4 days! WHY? What changed? Well ...
EURUSD only
- fxsport commented Oct 26, 2022
CAD should be rising a lot more than it is because: 1. OIL is a proxy for the Loonie and look at what OIL is doing - up 3% 2. CAD hasn't reached their pivot point YET so they will CONTINUE to raise rates
Macklem: Monetary Policy Report Press Conference Opening Statement
- fxsport replied Oct 26, 2022
QUESTION: What is the general consensus about the low on September 28th 2022? Was that Wave 5 or Wave 3???? Thoughts??? Originally I thought it was the bottom of wave 3. Since that time and given the current chart I am inclined to declare that it ...
EURUSD only
- fxsport replied Oct 26, 2022
Can't we let it rise up to 1.1650 first??? THEN... image
Cable Update (GBPUSD)
- fxsport commented Oct 26, 2022
I USED to believe that myself; now I believe that the money speaks and dictates the politicans. This move in equities this week has nothing to do with politics. It was a combination of the following: 1. Overzealous hedge fund managers with cash on ...
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative...
- fxsport replied Oct 26, 2022
NOPE - just a bunch of video's.... Look, HOPEFULLY, the USA will back off in their support of Ukraine and this will calm donw or else!
Cable Update (GBPUSD)
- fxsport commented Oct 25, 2022
REALLY???? 1. There is an election in 2 weeks in the USA so every 2 years consumer confidence dips (look it up) 2. Turn on any TV station and all you hear is this, "There is a coming recession on the horizon..." so what you YOU think is going to ...
US Consumer Confidence Declined in October
- fxsport replied Oct 20, 2022
that was short stopped out and DXY climbs back above 113
Cable Update (GBPUSD)
- fxsport commented Oct 20, 2022
Come on BOJ it's 150.20 and we are waiting.....
USD/JPY oscillates around 149.90 after testing 150.00, though fears of BoJ’s intervention loom
- fxsport replied Oct 20, 2022
If you weren't convinced that the USD is the main driver in most pairs look at the movement in the US $! DXY from 112.00 until 113.00 image
Cable Update (GBPUSD)
- fxsport replied Oct 20, 2022
image Notice how DXY and Cable are back to the same price before the Philly Fed Index was released? THERE IS NO PIVOT YET!!!! DON'T FIGHT THE FED
Cable Update (GBPUSD)
- fxsport commented Oct 20, 2022
As you can see by the price action - no one knows who you are....NEXT
Fed's Cook: Inflation remains stubbornly and unacceptably high
- fxsport commented Oct 20, 2022
TRANSLATION: We are going to continue to raise rates until we break the US economy you dummies!
Fed's Cook: Inflation remains stubbornly and unacceptably high