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fxsport replied Sep 28, 2022Sorry Green but that smell is coming from the GBP and it's bleeding over to EUR as well. While I anticipate a DXY pullback due to the EU/GU stench it might keep DXY up longer than anticipated.
EURUSD only
- fxsport commented Sep 28, 2022
It is at times like this that I am ashamed of the current President and Vice-President of the USA. Now is not the time for petty one liners like this. You do not poke a sleeping bear.
US VP Harris says that will continue to deepen unofficial ties with Taiwan
- fxsport replied Sep 27, 2022
What they said! Nicely said. The only thing that I differ with you is on the USD. I believe that it is due for a pullback to the 110 area before making a run at 120 which leads me to believe that EU would go to 0.98 ...EURUSD
- fxsport commented Sep 27, 2022
Fight what? AFTER all this you would realize that there are many types of traders. For people who buy and hold you are 100% absolutely correct...BUT For scalpers/day traders there have been many instances of re-tracement or simply waiting for the ...
US Consumer Confidence Improved Again in September
- fxsport commented Sep 27, 2022
You obviously weren't trading 20 years ago when Japan actively intervened in their currency. Trust me if and when the Japanese want to stop it they can and will.
US Consumer Confidence Improved Again in September
- fxsport replied Sep 27, 2022
This is a great chart showing how far the USD has come this year. This is my thought process for the remainder of the week: Today marks the beginning of the FED speakers and since there is little on the economic calender I believe that there are 1 ...
EURUSD only
- fxsport replied Sep 26, 2022
Hey this goes out to the "old-timers" (like myself) who were around when Japan used to intervene in the FX markets. Does anyone remember if the BOE did interventions as well when Soros was messing with the currency? If the BOE did interven, here's ...
Cable Update (GBPUSD)
- fxsport commented Sep 26, 2022
So let's see how to do it THIS time.... image
Statement from the Governor of the Bank of England
- fxsport replied Sep 23, 2022
Ok shorts this is your opportunity - why? I'm going long here (just for today) I'm making the market come to me with a buy at 0.9774 and a stop at 1.1040 and TP 0.98 Based on 1 hour MACD divergence and Fib retracement levels image So since I'm ...
EURUSD only
- fxsport replied Sep 23, 2022
image Time to rest and digest those "parrotees" image Who said we wouldn't reach that???
EURUSD only
- fxsport commented Sep 22, 2022
After they are booted out of office and complaining that Trump caused the Recession....I kid you not!
The Conference Board LEI for the US Fell Further in August
- fxsport replied Sep 21, 2022
Totally agree with you Cat. UC has been highly correlated with oil. Recession comes, oil falls. I shorted the pair yesterday (too early) at 1.3350 - so I'm underwater now - but I'm confident in a re-tracement.
USD/CAD
- fxsport replied Sep 21, 2022
Well the moment of truth is only 240 minutes away. I am a EU BEAR - just want to establish that. I believe that IF EU can hold 0.985 then we should get a relief rally up to a re-test of pairity - after that it's downward again. I look at the MACD ...
EURUSD only
- fxsport commented Sep 21, 2022
True I did forget that but that's because frankly Putin is too evil for that "nice" of an exit. My personal favorite Number 5 The God of the Old Testament strikes Putin down: image
German Economy Minister Habeck: Partial mobilisation of Russian troops is a bad and wrong...
- fxsport replied Sep 21, 2022
I agree about the pump and dump - or sell the rumor and buy the fact. What short order have you placed - what pair? Just curious as I am expecting the USD to retrace back to the 109.5 area by EOD
The Swamp
- fxsport commented Sep 21, 2022
In my mind Putin's end comes 1 of 3 ways: 1. Internal revolt - this could happen with the call up of their reserve 2. Military coup - I don't know the status but it "could" happen 3. Nuclear bomb - doubtful as the "west" will get nuked before ...
German Economy Minister Habeck: Partial mobilisation of Russian troops is a bad and wrong...
- fxsport commented Sep 21, 2022
Come on you know better than that - population doesn't matter, it's fighting men and women that count. Probably 25% of the NATO population is over the age of 60 and not fighting. Look when you are outsized and outgunned (like Russia is claiming) the ...
German Economy Minister Habeck: Partial mobilisation of Russian troops is a bad and wrong...
- fxsport commented Sep 21, 2022
Does it REALLY matter at this point? We KNOW it's 0.75% now and 0.75% in November. The FED needs to kills the jobs market and reset the housing market(s) - can't do it until interest rates get to 5.0%+
Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most