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fxsport commented Jun 9, 2022Compared to what? Not what the FED is doing. Hawkish - compared to doing nothing yes then you could consider this "hawkish". Personally I consider this incompetence. QE should have been stopped months ago and in light of these inflation numbers ...
Monetary policy decisions
- fxsport replied Jun 9, 2022
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
EURUSD only
- fxsport commented Jun 9, 2022
WHAT!!!! You better re-read what the headlines are saying. For example "SWIFT IMPLEMENTATION OF EU PLANS WOULD HELP ECONOMY" What plan and how? If she were hawkish the following would have occurred: 1. STOP QE TODAY 2. Hike 0.25% TODAY 3. Hike 0.5% ...
ECB's Lagarde: Inflation Pressures Have Broadened, Intensified
- fxsport commented Jun 9, 2022
This is the canary in the coal mine report - Recession on the horizon IF energy prices don't retreat! You have been warned: Jamie Diamond JPM, Elon Musk TSLA, Warren Buffet, etc.,
Unemployment insurance weekly claims
- fxsport replied Jun 9, 2022
That's because the driving factor is the USD and NOT EUR. With CPI tomorrow the EC decision didn't really matter.
EURUSD
- fxsport commented Jun 9, 2022
NOPE! The ECB is a bunch of spineless sheep that couldn't find their way out of a brown paper bag.
Monetary policy decisions
- fxsport commented Jun 9, 2022
Actually in September they will push back the date until February 30, 2023
Monetary policy decisions
- fxsport replied Jun 9, 2022
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 ...
EURUSD only
- fxsport replied Jun 8, 2022
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. ...
EURUSD only
- fxsport replied Jun 8, 2022
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% ...
EURUSD only
- fxsport replied Jun 7, 2022
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
EURUSD only
- fxsport commented Jun 6, 2022
Just because something is "legal" doesn't mean it's "smart" to do it...Australia doesn't need to spy on China - PERIOD. Stop poking the dragon or you will get burned.
Australia says China threatened plane over South China Sea
- fxsport replied Jun 3, 2022
THIS is how the market makes me feel at times....OUCH! image
EURUSD only
- fxsport replied Jun 3, 2022
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..."
EURUSD only
- fxsport replied Jun 3, 2022
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 ...
EURUSD only
- fxsport commented Jun 2, 2022
You want to know why? BURNOUT! Too many business can't find help at the price they are willing to pay so they expect more of the employees that remain and after months of working short staffed you get tired and productivity slips.
Productivity and Costs - First Quarter 2022, Revised