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fxsport commented Oct 19, 2022Thank you POTUS Biden for lowering the USA's STRATEGIC OIL RESERVES to the lowest level in over 20 years. All in the name of lower gasoline prices - what a schmuck.
Why tapping oil reserves is just a 'Band-Aid'
- fxsport replied Oct 19, 2022
Noted but lately the BOJ has been acting like a pussy - their "intervention" is only effective for the stop losses inflicted. All talk and bluster so people just ignore them. Once BOJ does step it watch the plunge - EU won't be affected as much as ...
EURUSD only
- fxsport replied Oct 19, 2022
image I'm loving the tweesers on the 1 hour. Now we just need an hourly close BELOW 112.50 for the elevator to open...
Cable Update (GBPUSD)
- fxsport commented Oct 19, 2022
1. ECB Should NOT hike 0.75 x 2 you dolt! You have an energy crisis AND a WAR 2. ECB will NOT begin QT (ie shrinking the balance sheet) until things stabilize. Talk truth please - stop the lies.
ECB's Vasle: ECB should hike by 75 basis points at the next two meetings
- fxsport replied Oct 19, 2022
Expected... Anticipated... Locked & Loaded..... Waiting....Waiting...
Cable Update (GBPUSD)
- fxsport replied Oct 19, 2022
The DXY is up almost 1% today Anyone have a reason why???? other than because...
Cable Update (GBPUSD)
- fxsport replied Oct 19, 2022
UJ Sell Orders: 149.85 149.95 150.05 150.15 That 150 barrier will be like a car hitting a brick wall at 60 mph. It may punch thru but it won't go all the way and the BOJ response will be swift!
image Cable Update (GBPUSD)
- fxsport commented Oct 19, 2022
Yadda yadda yadda....talk without actions means NOTHING...
Japan's PM Kishida: We cannot tolerate sudden, excessive forex moves
- fxsport replied Oct 13, 2022
Just be careful...I have a sneaky feeling that today was just a "taste" of what's to come; Tomorrow should bring some dollar consolidation but next week "should" be CAPITULATION week (for US equities)
Cable Update (GBPUSD)
- fxsport replied Oct 13, 2022
I'm with you ...for tomorrow
This was a PERFECT example of a bear market "rip your face off" rally. I'm expecting further USD weakness until 111.00 area = 0.99 to 0.9920ish region where I will bail (assuming it gets that high). Today ...EURUSD only
- fxsport replied Oct 13, 2022
It held and it headed back into channel: image Beautiful day when it goes as planned....
EURUSD only
- fxsport replied Oct 13, 2022
These certainly strange times indeed Today USD is king thanks to CPI but U/J drops
- thank you BOJ intervention. Today USD is king thanks to CPI but G/U pops! why? Cause of "rumors" that the tax cuts may not happen. Things are definately ...Cable Update (GBPUSD)
- fxsport replied Oct 13, 2022
image Just a taste of what is to come...
Booked profit and ready to reload those shorts!Cable Update (GBPUSD)
- fxsport commented Oct 13, 2022
Wanna bet? Can you say INTERVENTION???? Come on BOJ stick up for the YEN!!!!
Yen weakens to lowest since 1990 against US dollar
- fxsport replied Oct 13, 2022
Total RED HERRING, a drop in the Ocean.... Look the CPI reading will be what it is. It will NOT change anything. The FED already knows what it has to do. Realize what the LONG_TERM trend is and if you counter-trade the trend BE CAREFUL. Finally, ...
EURUSD only
- fxsport commented Oct 12, 2022
Hey Mr. President, BEFORE you can into office the USA was a net EXPORTER of oil and we could tell the Saudi's to take their oil and ....... NOW you go to them, begging for oil and when they say no (which frankly I don't blame them) you threaten ...
Biden: A recession in the US is possible, but any downturn would be very slight, and the US...
- fxsport replied Oct 12, 2022
I agree with you 100% Unfortunately for those who live outside of the USA it's not the FED's problem. The FED has to look out for the USA 1st that is it's mandate. The FED is the FED and not the UN.
EURUSD only