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fxsport replied Jun 1, 2022Erkat, I know fontu already answered and I agree with him/her. I just wanted to add that if you look at the move of the DXY from March 28 when it was 97.80 until May 9 when DXY was 105. Now the 50% fib retracement = 101.4!!!! That was where we were ...
EURUSD only
- fxsport replied Jun 1, 2022
I thought you would like to see this - the parity parrots
image EURUSD only
- fxsport commented May 26, 2022
WTH??? Did you take your meds this morning?
Please explain how the "fake inflation data" is used to obtain "real" GDP? And Romans??? Please stop 
Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate); Corporate Profits, 1st...
- fxsport replied May 26, 2022
@suthmo - I'm asking because I thought that the D couldn't be "higher" than the A point when doing E-Waves? Could you please elaborate on your observation? Thanks
EURUSD
- fxsport commented May 26, 2022
WOW 6.5% GDP for the USA!!!!! Woo Hoo!!!! The last time I saw a GDP number above 5% (pre-pandemic) was when I was looking at China. A couple of "factors" that the author didn't allude to about why there was a significant decrease from Q4 to Q1 and ...
Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate); Corporate Profits, 1st...
- fxsport commented May 25, 2022
This explains the sharp drop in A/U tonight. Maybe Australia is the canary in the coal mine relative to world wide recession expectations.
Private New Capital Expenditure and Expected Expenditure, Australia March 2022
- fxsport replied May 25, 2022
Not bad BUT be cautious with that stop and the FOMC meeting minutes coming out at 2:00 pm EST - It "could" cause a spike in either direction. PERSONALLY, I believe that EUR/USD is more likely to fall to your TP than it would take out your stop. As ...
EURUSD
- fxsport commented May 25, 2022
This gives "ammunition" for those who want the FED to slow the rate of interest increases. IMHO this is like slowly letting some of the air out of a hot air balloon - it's still higher than you want but this slows the asscent. In plain terms this ...
US: Durable Goods Orders rise by 0.4% MoM in April vs. 0.6% expected gain
- fxsport replied May 23, 2022
Well that spike didn't get high enough to trigger my sells so I went short at 1.0675 (trying a 2-min scalp system) TP 1.0660
EURUSD only
- fxsport commented May 23, 2022
image What is China doing to Ukraine??? I mean Taiwan.
Biden says U.S. willing to use force to defend Taiwan — prompting backlash from China
- fxsport replied May 23, 2022
Wait till prices pierce 1.07 and spike because of all the stops there.... Sells placed at 1.0710 up to 1.0730 with a target of 1.0640ish...
EURUSD only
- fxsport commented May 23, 2022
1. STOP painting yourself into a corner - say this, "The FED will do all that is necessary to curb inflation and if that takes 0.5%, 0.75% or even a 1.00% rate increase we will do it until inflation is under control. 2. We KNOW that due to elections ...
Bostic: 25 or 50 bps on table in Sept, comfortable with 50 bps hikes next couple of meetings,...
- fxsport commented May 23, 2022
While I understand your point I disagree with you and I agree with Macron - this is not a EU war it is between Ukraine and Russia - PERIOD. I don't agree with it but it is what it is...
Germany and Italy approved Russian gas payments after nod from Brussels
- fxsport replied May 19, 2022
It would be interesting to take a poll to see where people stand.... As for myself I believe that 1.0570 will hold for this week - After that it's another story...
EURUSD only
- fxsport replied May 18, 2022
After the disastous earning from Wal-Mart last night Target followed up with worse!!! RECESSION STRAIGHT AHEAD... image This is how the FED and Wall St see the US economy image This is how Main St feels about the US economy
Real Trading
- fxsport commented May 18, 2022
Hahaha....that will NEVER happen in today's fractured hate filled world. The ECB WANTS a stronger dollar to make their imports cheaper - the UK as well. Russia doesn't care - pay roubles or freeze China could care less as it makes their Apple ...
Surging US Dollar Stirs Markets Buzz of a 1980s-Style Plaza Accord
- fxsport commented May 18, 2022
OMG! What a high bar you have set!!! Didn't other ECB members talk about raising rates by up to 0.5%???
ECB’s Muller: Wouldn't Be Surprised If Rates Raised Past Zero In 2022
- fxsport replied May 18, 2022
As long as the $ stays above 103.5 Euro/Usd is going nowhere. Personally I watch DXY more than E/U because the euro is really not having an impact on much.
EURUSD only
- fxsport commented May 18, 2022
How long have you been trading????
Consumer price inflation, UK: April 2022
- fxsport commented May 18, 2022
image This concept of "peak inflation" being determined month to month is the most ridiculous notion in economics. You can only determine a PEAK in hindsight. PLUS most of these CB's are incorrect about REAL inflation that hits working class ...
Consumer price inflation, UK: April 2022