On a more serious note I'm flat - waiting for the 2:00 pm FED speaking. I'm waiting to see if they "pre-announce" a 0.75% rate hike for Wednesday. This has the possibility for some volatility...then again he might just say the same-ole-same-ole ...

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I just found the "Bear Pack" in the green room, getting ready for their entrance. image In case you're wondering yeah even the Chinese bear (Panda) are coming out with the Australian one...

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We should know more today at 2 pm when FOMC member speaks. If there is an reality to the 0.75% rumor today they will "hint" at it. Personally I believe Powell will stick to the 0.5% and "suggest" 0.75% is coming in July.

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I'm sorry for my prior post - I was being a "smart azz" when I shouldn't have. I've been there and done that with the falling knife and dead cat bounce as well. Look at this 2 min chart as it clearly shows the dead cat bounce from bottom up to 50% ...

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Welcome back... I'm of the opposite mindset - I'm waiting for Legarde to speak and watch the Euro fall like a rock. Not that I believe it now but I'll post it anyway... image

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Of course it isn't and the idiots in the White House should have known that - Personally everyone in the Treasury Department and ANYONE who repeated the IT'S TRANSITORY INFLATION - should be FIRED!!!! image

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I am in agreement with your numbers and I "confirm" it looking at the DXY image I expect it to range between 102.30 and 102.70 until the CPI tomorrow. Have a great day all. Until tommorrow

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That's because the driving factor is the USD and NOT EUR. With CPI tomorrow the EC decision didn't really matter.

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PLEASE RE-READ THE STATEMENT - Both of what you mentioned do not START until July 1, 2022. This news is TERRIBLE for Euro as it shows the ECB is further behind the curve than the FED. 1. QE should have already ended and keeping going until July ...

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Just to throw this out there but tomorrow the expected is for the ECB to raise rates by 0.25% which is nothing in the scheme of things. The biggest threat to the Euro is the end of QE (Quantative Easing) i.e., the party is over - no more free euros. ...

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image I really wasn't expecting much today ahead of the ECB meeting which frankly won't matter much - this weeks anticipated report will be Friday's CPI number. Anything below 8.0% will provide fuel for the bulls while any number above 8.1-8.2% ...

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I agree - look at the DXY tending upward in the 1 hr pitchfork. If it doesn't break down then expect more EUR/USD weakness. image

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image This is how I feel about this "bull move"

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THIS is how the market makes me feel at times....OUCH! image

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So far so good for bulls - I'm waiting 5 minutes for close to see if the DXY stays below 102 (101.85 now). Overall today belongs to .... image "Hey dude, lets make a run for it..."

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So what's your next Trade/TP? Bearish vs. Bullish

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So between 1.0745 and 1.0784 it is the domain of this creature! image The bull-bear - know for eating stops and causing whipsaw sickness. But seriously I think a lot depends on the NFP that comes out and IMHO is should not matter. The FED is going ...

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