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fxsport replied Jul 13, 2022If we can get a close below 1.000 this hour watch out below as many stops will be blown!
EURUSD only
- fxsport replied Jul 13, 2022
These are my thoughts on the CPI 1. The WH floated a balloon about the rate being higher than expected - therefore it "should" be a shocker to the upside right? Not so fast 2. If the CPI comes in higher than expected it will be ok because all the ...
EURUSD only
- fxsport replied Jul 13, 2022
@Green what supply issues do you see Europe working out? Not energy and that is the #1 cause of concern right now. If Europe doesn't get their stockpiles to at least 90% before September prepare for a deep recession in Europe as they begin to ration ...
EURUSD only
- fxsport replied Jul 13, 2022
@ Mitiblotch - I couldn't agree more with you - Eur/Usd is oversold and in a BEAR MARKET. With that in mind it is due for a face-ripping relief rally and you 1.0141 is reasonable and expected. But longer-term (that's like 3-5 days for day traders) I ...
EURUSD only
- fxsport replied Jul 13, 2022
I was surprised by the reaction to the NFP as well. In retrospect I think that large positions are waiting until they unleash their sell orders. Bull traps exist. BTW when you look at most retail investors (here on FF page) their is a 60% EU long so ...
EURUSD only
- fxsport replied Jul 13, 2022
Do you REALLY expect Putin to honor their word and supply the EU with supplies? Forget the humanitarian POV from a "business" POV Putin will keep the pipeline shut until fall/winter when it will be life or death. Then and only then will Putin open ...
The Swamp
- fxsport replied Jul 13, 2022
Who would have thought that a CPI report would have an much significance as the NFP? I wouldn't expect too much to happen until the report comes out.
EURUSD only
- fxsport commented Jul 12, 2022
Good Luck you're gonna need it. WHY? The EU NEEDS Natural Gas and unless/until their stocks get to 80% BEFORE September you're gonna see rolling shut downs and it will REALLY hamper manufacturing - especially with energy prices 5X what they are in ...
What does euro-U.S. dollar parity mean for Americans? For imports? For travelers?
- fxsport commented Jul 12, 2022
You're wrong. The Administration is prepping the markets so they won't tank. This is a classic example of sell the news and buy the data - you'll see.
Whitehouse Press Sec. Jean-Pierre: I expect new US CPI data to be highly elevated
- fxsport commented Jul 1, 2022
@sfrankenfx - Hey without people like Ftmofx other people couldn't make easy $$$. Consider it a learning moment.
US Manufacturing PMI at 53%; June 2022 Manufacturing ISM Report On Business
- fxsport commented Jul 1, 2022
Actually it's QUITE profitable when you know what you're doing...
US Manufacturing PMI at 53%; June 2022 Manufacturing ISM Report On Business
- fxsport replied Jul 1, 2022
That's an important point - with so much uncertainity in the world and the US Markets closed on Monday I'm expecting people to go to cash for the weekend (I know I am) so for me it's just stay short EU (currently ) with a TP at 1.04 today.
EURUSD only
- fxsport replied Jun 30, 2022
Yup, tomorrow should be labeled PMI Friday - LOADS of reports from all over; EU & USA. My thoughts are this: The EU PMI will probably be right on or lower due to higher energy costs and the war in Ukraine at this time. I don't think that the EU has ...
EURUSD only
- fxsport commented Jun 29, 2022
While I agree with a lot of what you said I differ about how "easy" it will be to fix this. 1. The Russian/Ukrainian war is too profitable since Afghanistan has closed; therefore the war will continue for many years to come 2. Oil is the energy of ...
Powell: ‘No guarantee’ Fed can tame inflation, spare jobs
- fxsport replied Jun 29, 2022
I hope you're awake now Erkat because it's happening now! ME: Long : 1.0450 SL low 1.04 TP - let it ride!!!!!
EURUSD only