Looks like I made an error in judgement. 1175 seems to be the price to beat. Means I'm stlil not clear yet. I thought 1170 would mean higher. Guess the grind continues.

The Swamp

er what just happened?

The Swamp

Going to hold on to my longs. Give it another hour to see what happens.

The Swamp

sigh... way to go bloomberg. Crimping my style I might have to cut my positions.

The Swamp

Bulls need to defend 1.1166. The china scare unexpectedly giving bulls some trouble...

The Swamp

3 minute to close. above 1170 opens up the way to 1200 edit: Long 1.1173 avg price 1.11675

The Swamp

add small long 1.1165. I'm half loaded. Will watch and see. If we clear 1170, will add on breakout. avg price 1.1162

The Swamp

putting in some longs. 1.1165 small amounts. will add. edit: add more small longs 1.1162 add more small longs 1.1158

The Swamp

going to cash out for now @1.1166 Will reload when eu starts

The Swamp

1.1170 might be a soft resistance. I still think 1200 is the target. 1.1170 needs to be challenged a few more times, and hold that price for me to say that we've hit a ceiling.

The Swamp

Going long 1.1155 Will add more as it goes up or down.

The Swamp

Checking euro futures. Open interest increased from 497765 to 509507. Yesterday's bid was real. Better to be long until 1200. If nfp numbers are going to be soft as the rumours on the street goes, then dollar is going to fall more which is a case ...

The Swamp

From here to 1200 there's 50 points. I'm going to take a long view until then. The question now is will price pull back and give me a nice entry or will it make me chase the price.

The Swamp

I've set pending buys at 1135 1127 When japan comes online I might start chasing if price hasn't dropped.

The Swamp

Summary: Fed Chair Jay Powell is a little bit hawkish in saying that the current funds rate is likely to remain appropriate. But he's massively dovish in saying that you'd need a "significant move up" inflation before the fed would consider raising ...

The Swamp

Markets just care that fed won't raise rates. So only pause or cut. Market seems to think that only cuts will be possible.

The Swamp

Fed needs to watch till mid of next year. So pause till next year??

The Swamp

Fed won't raise. But the tone is hawkish. Probably a pause

The Swamp

he seems to be hinting that fed might pause the cutting. A slghtly more hawkish tone.

The Swamp

After that last minute rejection I don't thinnk market is going anywhere until fed comes on. Going to chill a few hours

The Swamp