Why the shift of 1?

EURUSD only

Inflation is a tricky thing to gauge because it depends on what you are measuring. Gasoline - was $3.50 a gallon now $3.16 BUT compared to $2.50 LAST YEAR! Groceries - all over the place; some places couldn't get turkeys for Thanksgiving so they ...

EURUSD only

That's exactly what I'm anticipating...

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This should give all your bears some joy - I'm long again. My personal bias is this - today is sell the rumor and tomorrow will be buy the news (referring to the CPI data tomorrow) Let's face it people the FED is going to raise rates sometime but ...

EURUSD only

WHY? I don't see anything on your chart to indicate that. Personally I don't see any catalyst to precipitate a drop until Friday with the CPI numbers. The large drop yesterday was due to the Omicron crap (the sky is falling - the sky is falling...) ...

EURUSD only

Well have fun dancing with the bulls today - I'm gonna sleep with the bears tonight, keeping my short open because look at the VIX 34!!!! Why is this important? It hasn't been this high since March 2020 - know what happened then? image

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WHAT????? image

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My EOD 1.12618 image

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Breaking up or Breaking down? I think that the "black swan" event is going to occur in December hence my short: Good luck all image

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Those numbers should have sent USD down as Powell isn't going to raise rates until they force him to; data be damned! I forgot about the release of the FOMC meeting at 2:00 pm - problem is that most people on Wall St. will have already left for the ...

EURUSD only

You are correct BUT Ain't gonna happen with these GDP numbers - this is dove ammo to support their bogus transitory inflation narrative. The excuse for 1.12 breakthru may come with the 10:00 EST Core PCE or Michigan sentiment

EURUSD only

I think you are correct in that the GDP "may" drive this in one direction or the other. If we don't see any reaction to the GDP (wouldn't surprise me) then the 10:00 EST the Core PCE index will be interesting; too large a number and everyone says ...

EURUSD only

I respectfully disagree. Right now the EUR/USD is sinking because EUR is weak due to Covid lockdowns as well as slowdown in Eurozone. As EUR continues to fall then the rush to USD will begin without one rate hike. This fall is not USD driven but EUR ...

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image Done!

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Nicely done - Personally staying in short until 1.1205

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Dear Ata With Thursday being Thanksgiving and the USA markets closed the volume with be super-light. I'm curious, do you let thinks like volume/market closure/opening affect your technical analysis for that day?

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image

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Actually nothing at all; she's doing exactly what Trump did to the USD while president. Having a weaker currency boosts exports; ask China about that.

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I won't go into specifics but I did way worse than you this week. I held a EU long waaaay too long and thanks to Austria I took my heavyist loss in quite some time I would love to blame Covid-19 or FED but ...

EURUSD only

I'm terribly sorry bit it is a lagging indicator and it's not even a discussion. If you think a moving average can help you predict the future you need to quit forex now and save your money. Here's a good primer for you: url

It's Unreliable