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fxsport replied Jan 10, 2023With 15 minutes BEFORE Powell speaks I'm GAMBLING on DXY getting some respect: Short here 1.0719 with a TP at the 1.0680 level. This is based 100% on Fundamental because I don't fight the FED. I believe that Powell will be doing his BEST to talk up ...
EURUSD only
- fxsport commented Jan 10, 2023
I don't know what the above posters are complaining about - This is a simple, plain, no-nonsense straight forward FUNDAMENTAL analysis of the current DXY situation. Kuddo's to the author for giving a readers digest version WITHOUT any slant or bias. ...
The USD opportunity to be aware of
- fxsport replied Jan 6, 2023
Doesn't matter what "people" were expecting; all that matters to FED is this: 1. More people are returning to work as stimulus runs out - this keep inflation going; DXY positive 2. Unemployment is going in the wrong direction - Fed NEEDS 4.9% and ...
Cable Update (GBPUSD)
- fxsport replied Jan 6, 2023
Actually you may be VERY correct. Does ANYONE remember the "fake" job creation numbers article posted about a week ago? Now it may not happen today but I believe that in the coming months the US government will be forced to "adjust" the past jobs ...
EURUSD only
- fxsport commented Jan 5, 2023
Are you implying EU is going to parity? image
ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in...
- fxsport commented Jan 5, 2023
Chairman Powell is NOT a happy camper with these numbers. Don't fight the FED!
ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in...
- fxsport replied Jan 4, 2023
image Hey remember when all the talk was about us and parrotity? image I get stressed out thinking about that now!
EURUSD only
- fxsport replied Jan 4, 2023
@tiborf71 - I am a day/swing trader myself (rarely hold a position longer than 48 hours) but what I have found is that my "long-term" outlook can affect my DAILY trading. If I believe that the DXY is going to continue to increase then I'm more ...
Cable Update (GBPUSD)
- fxsport replied Jan 4, 2023
The SAD part is this - the USA equity market doesn't believe the FED and actually believes that rate CUTS are coming in 2023. WRONG!!!! Don't fight the FED people.
Cable Update (GBPUSD)
- fxsport replied Jan 4, 2023
What MORE needs to be said? DON'T FIGHT THE FED! image
Cable Update (GBPUSD)
- fxsport commented Jan 4, 2023
The FOMC minutes may surprise a few people and if the minimutes don't Powell's speech definately will. Why you ask? SIMPLE Powell demands respect and the equity market is laughing in his face. Look at the headlines yesterday and today - "Fed will ...
Fed Minutes to Reveal Source of Inflation Angst Pushing Up Rates
- fxsport commented Jan 4, 2023
Will it be the minutes or Mr. Powell that crashes the market this afternoon? Maybe the 10 EST numbers will give a clue? PS Dollar aint dead - yet
Fed Minutes to Reveal Source of Inflation Angst Pushing Up Rates
- fxsport commented Jan 3, 2023
Chairman Powell doesn't like this - Inflation too hot! Must raise rates!!!
US Construction Spending Rose 0.2% in November
- fxsport commented Dec 23, 2022
Chairman Powell will NOT be happy with this. Bah Humbug...USD rates to rise! DXY up and YOU get a lump of coal in your stocking...
Personal Income and Outlays, November 2022
- fxsport replied Dec 23, 2022
I think of it this way image I'm not shorting GBP (Cable); I'm buying DXY! It's all perspective
Cable Update (GBPUSD)
- fxsport replied Dec 21, 2022
I don't want to bother you but could you elaborate on this bearish shark pattern? image Is your pattern resemble this???
EURUSD only
- fxsport commented Dec 21, 2022
EXACTLY!!! Maybe these are the same people who have been putting out the "FAKE NEW JOBS" totals as well. I'm sorry but from MY perspective and those I interact with this number smells fake/terrible/not right
US Consumer Confidence Bounced Back in December
- fxsport commented Dec 21, 2022
With all due respect I could not disagree more. 1. Timeframes do not give signals - PERIOD! When I open my charts and get the data no signals magically appear. I PLACE indicators on my charts to assist me in interpretating price action. Maybe YOU ...
Statement on Monetary Policy