Man, higher than expected inflation, meaning they need to raise interest rates, but today very bad retail data, meaning they need to lower interest rates. The US economy is a dumpster fire. The wasted spending is going to have to be cut for the ...

Only EURUSD

Yep, took last weeks high and the supply of orders above it has stymied the bullish move up.

Only EURUSD

I expected the EU to get closer to 1.03 before moving back up. Instead, it found support at the demand that lined up with the 61.8 Fib of the move up on 1H. I should have at least put a small order here and started buying in, but the news aggressive ...

Only EURUSD

That was a wild ride, up about 40 pips and down 50 pips in one minute. I'm trying to figure out, good US data used to mean likely interest rate cuts for the USD, meaning the EURUSD would go up. Today, there is good economic news and the EURUSD is ...

Only EURUSD

I thought the same thing and then remembered tomorrow is NFP day. I think the market is going to chop until it comes out tomorrow.

Only EURUSD

Took the London low, on a Friday, where there is no more news to move things big and liquidity brought it back up. I should have just placed a buy order on the break of the London low, ugh.

Only EURUSD

US economy is bad as well, and the US will soon need to cut interest rates, which will send the DXY lower later this year. Seems like it is two bad economies, fighting for which is less worse, lol.

Only EURUSD

ECB tomorrow.

Only EURUSD

Okay, I have absolutely no idea what is going to happen, lol.

Only EURUSD

This makes the most sense, FOMC is probably a likely known, but also a liquidity event, meaning that it will not be a surprise, but the big boys will use it to stop hunt and then continue up. And the move down this morning is a start of this stop ...

Only EURUSD

I thought it would get down to 1.0372, take the previous low, into the fair value gap that lead to the break of the previous highs, and then either stagnate or move back up before FOMC. I'm more surprised EU sold off during the European session with ...

Only EURUSD

I completely understand. Greatly Daily Supply zone. I am sad few here use supply and demand zones.

EURUSD

I had the same area marked for shorts. I chickened out due to the aggressive move on Powell's speech. Lesson learned.

EURUSD

This is an excellent explanation. During Powell's speech today, the UJ really went wild. Chopping up and down. A lot of indecision on today's news, which tells you that sellers have lost strength for the time being. Obviously the direction will be ...

USD/JPY Discussion

It gave a nice 13 pip bounce from .9955.

The Swamp

EXCELLENT! Thank you for this information, it is very much appreciated.

The Swamp

CPI on Wednesday. I have a question about what you think they will do. If inflation is higher than expected will they raise interest rates even faster to combat it, or will they slow down the interest rate hikes due to recession concerns? If ...

The Swamp

Does this happen at a certain time of the day, or is it just an on going event all day long?

The Swamp

EU seems to have no direction. I am guessing this indirection will continue until after NFP tomorrow.

The Swamp

Great management. Thank you for sharing!

The Swamp