Yeah, at this point I've switched to the bear camp. I currently do not have any positions in the market, I have closed all my longs for the time being. Your reasoning for the decline on Friday is very logical, but one interesting thing that I've ...

EURUSD only

I feel the same way, especially if it closes below 75... if we don't get stuck around 45 level again, we might even have a second red week in a row... and if that happens potentially even a third.

EURUSD only

The EUR is trading in the high 1.21s with an aim to breach the 1.22 mark that resisted its climb on Monday and stands as a strong ceiling ahead of a possible move to the mid 1.22s. The EUR has sat in a ~50pips channel through the week with firm ...

EURUSD only

Thanks for sharing! Yeah, on your chart it is a different situation , but I think the difference between my and yours comes from us estimating the value on different time scales. For my calculations I've used 3 cumulative data sets, 198 days, 99 ...

EURUSD only

For tomorrow we should be looking at buys only, the relative value of the EURO has remain unchanged for three consecutive sessions, while USD remains at a low level (even after it gaining in relative value today). Even though today was a quiet day, ...

EURUSD only

Closed my position at 1.17478, a solid 162 pips profit. Since the fall was so sudden and sharp, I've decided to go for option 2 and close it manually, we've reached my minimum acceptable price of 175xx. As i've already said, we have broken through ...

EURUSD only

I might have went a bit ahead of myself there, what i meant to say was that it is very likely a start of an uptrend on a montly basis, according to me at least. I'll share this attachment where I roughly drew how i see trends on the EUR USD ...

EURUSD only

I am still keeping my short, for me it is crucial that we break 1.18 now, the support is there for me now. But we need to break it decisively. As it looks now we have a pretty good shot at doing it. After that i'm watching the 17480-17730 for any ...

EURUSD only

I'd say it's a very likely scenario, the first part of your projection(part b) has happened since you've posted. Lets see if it continues downwards or bounces back up. So far, nice one! I'm watching the 1791x level as a crucial point for a breakout ...

EURUSD only

Hello fellows, I've been reading this thread for quite a while and I like the way it is, good job to everyone for keeping it clean, esp the thread starter. I believe we'll have a very large sell of on EURUSD, perhaps even under the price that many ...

EURUSD only

Yeah, a lot will happen soon. It'll be pretty bad for some people, but i guess the system did need some purging of such institutions. There was a series of earthquakes in Zagreb, with a few of them being around 5.4 richter, the highest in over 140 ...

Macro Talk

Exactly what you've been talking about for a few months now has happened! Nice one EF!! I was a lot more optimistic, i didn't expect things to go south this fast. It's very interesting how a natural event like a pandemic occurs "at just ...

Macro Talk

Right now if DAX stays within the "Hunt" zone, we could see a recovery by the end of this week. I'm not so sure this will happen considering the increase in coronavirus cases in Europe and new confirmed cases in Austria and Croatia. The hunt zones ...

Swing Trades DAX/DOW/NQ/GOLD

No. As i have explained as long as they outpace inflation they do not have to. There are MANY examples of this which i can gladly provide if you ask nicely. If you want to communicate with me provide a proper reply, write your reasoning. You can ...

Macro Talk

Higher wages don't have to come at the expense of investments and they can affect real GDP significantly. If I understood correctly in your scenario wage growth is equal to inflation, but more ofthen then not wage growth outpaces inflation by quite ...

Macro Talk

Good to be back The December labor market report shows that the labor market generally remains on a firm foundation. Employment gains have averaged 184K per month over the past three months. Although not quite as strong as a year ago, this ...

Macro Talk

I'll explain the 4 sector model to those who haven't encountered these formulas yet. Lots of this stuff is not on Wikipedia or the "general internet" but is taught in most economics courses. C = Alpha + Beta * (Y-T) where Alpha is autonomous ...

Macro Talk

Leadinx Index data from today suggests that the US is still expanding very nicely and supports views that arecession is not due yet. LEI Chart image In the last 8 months, LEI has fallen 6 times, this jump from January and some recession models ...

Macro Talk