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fxsport commented Sep 16, 2022Here's the problem with that poll: It deals with consumer EXPECTATIONS. When gas drop $1.00 in 6 weeks it makes people feel better. If anything I would borrow from the FED and say this," There is a transitory improvement in the consumer confidence ...
UMich September US prelim consumer sentiment 59.5 vs 60.0 expected
- fxsport commented Sep 16, 2022
@Bloomberg - Are you serious? What question(s) did you ask? Sure gas prices have fallen over $1.00 in the past 6 weeks - GOOD BUT Everything else is increasing; food, rent, mortgage payments, school tuition, etc.,
US Consumers’ Long-Term Inflation Expectations Dip to Lowest Since Mid-2021
- fxsport replied Sep 16, 2022
Ok 1. I took partial profit 2. Waited for a pullback to add to my shorts and put in a TP for the day at 0.99 3. SL is at BE. 4. Back to bed for 2 hours...
EURUSD only
- fxsport replied Sep 16, 2022
DXY has broken the 110.00 level prompting the fall in EU. For me if the DXY can close above 110.00 I will be going all in on EU shorts. image
EURUSD only
- fxsport replied Sep 16, 2022
@Hamzalolo I would never speak against our thread founder however I caution you about perspective. From your earlier post about a possible bear pennant - I think you are spot on. Look at your 4 hour chart again. Frankly based on 4 hour I do NOT see ...
EURUSD only
- fxsport replied Sep 15, 2022
@Lcky I am in your camp as well - not for technical reasons all fundamentals. WHY? Look at the USA numbers for the past few days and compare them to the EU numbers and it's a tale of two continents. For the USA the numbers indicate that the economy ...
EURUSD only
- fxsport replied Sep 15, 2022
[quote=GreenJ;14138915] Look up Bankers Close - you're doing it. (Apiary Fund was into this HEAVILY)
EURUSD only
- fxsport replied Sep 15, 2022
Curious as to where you get your info about Japan selling USD rather than purchasing Yen.
EURUSD only
- fxsport commented Sep 15, 2022
Sales going up in the face of inflation? Why is that? Simple: People KNOW that prices are going to go up in the future so you buy non-disposable items NOW to get the better price. So demand hasn't slowed in spite of (3) 0.75% interest rate hikes! ...
US Retail Sales Unexpectedly Rise After Drop in Prior Month
- fxsport replied Sep 15, 2022
image shorting here as the low from Tuesday has been broken. Forget the technicals for a minute. So many traders got burned with the CPI number that I believe many will do the opposite today and sell BEFORE the number is released - then buy the ...
EURUSD only
- fxsport replied Sep 8, 2022
The problem with Wave theory is that it is subjective and changing especially wave 5 as I have found most to be trucated. While I agree that EU is ready for a pullback I'm not believing that we are at the bottom yet. There hasn't been any panic in ...
EURUSD
- fxsport replied Sep 8, 2022
Breakout time to the top.... image TP at 1.0050 for now. If the 4 hour can close and hold the 1.0050 level I'm onboard to the 1.0080 then 1.0100. DXY is dropping like a rock and it's due for that 38% pullback. image @Dantpm - I hope you prefer ...
EURUSD only
- fxsport replied Sep 8, 2022
image image I WISH I had placed my TP at 0.9940 but I didn't still holding short.
EURUSD only
- fxsport replied Sep 8, 2022
Now the main act - Powell speaks and the Forex world listens.... image
EURUSD only
- fxsport replied Sep 8, 2022
Going down - for now until Powell speaks... image It get's confusing about stops....
EURUSD only
- fxsport commented Sep 8, 2022
It doesn't matter WHAT she says - all that matters is what is the USD going to do. The ECB still doesn't get it that wage inflation is sticky and here to stay.
Lagarde says gas disruptions reinforce slowdown
- fxsport replied Sep 8, 2022
I totally understand where you are coming from. The drop from 1.50 to pairity has been severe but remember this, when the Euro was initially founded it was at pairity with the USD - probably well before your birth. The dollar should NOT be king due ...
EURUSD only
- fxsport replied Sep 8, 2022
"My Game Plan for today: Sell EUR/USD @ 1.0050 (assuming it hits this) After Powell speaks re-eval position for possible additions (assuming 1.0050 is triggered) or sell on break of 1.000" So far so good - as expected the ECB decision was a nothing ...
EURUSD only