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Machinist commented Apr 13, 2020The only way to get through this “very soon” is with one’s feet first. The rest of us are in for a long haul, no matter where we live.
Fauci says US could see a 'rolling' reopen starting next month but warns of a 'rebound' in...
- Machinist commented Mar 12, 2020
In a well functioning mind, fear precipitates decisive action, not panic. Panic is a dysfunction. Just saying.
Up to 150 million Americans are expected to contract the coronavirus, congressional doctor says
- Machinist commented Mar 12, 2020
Population density per square mile is irrelevant. People come in contact with one another regardless. I can guarantee to you that COVID-19 can spread in the US effectively enough. We’ve only seen a teaser so far… The drama has not yet started. The ...
Up to 150 million Americans are expected to contract the coronavirus, congressional doctor says
- Machinist commented Feb 29, 2020
International capital withdrawing from the US stock exchange market? Just guessing…
Panic selling continues to hit markets, but is the USD fall set to continue?
- Machinist commented Jan 20, 2020
To the best of my knowledge, and I didn’t think this would be anyhow controversial, the digital services provided by the companies in question already are taxed with local VAT in every EU country. Are they not?
EU industry chief: EU ready to act on digital tax, if OECD fails
- Machinist commented Jan 20, 2020
If there were only enough people spelling out that this “digital tax” is really taxing local customers of said companies. It’s really an extra sales tax levied on their services, in addition to the VAT, already high in most EU countries. I wonder ...
EU industry chief: EU ready to act on digital tax, if OECD fails
- Machinist commented Oct 20, 2019
BTW, there has been a story, on FT.com, behind a paywall, that reports that “Currency traders in New York and London have been ordered into the office on Sunday.” “Barclays, Goldman Sachs and Deutsche Bank are among the major banks that will have ...
Brexit: Letwin amendment passes 322 v 306
- Machinist commented Oct 20, 2019
BTW, the “Dear Donald” letter is stripped of proper formality precisely in order to be able to be considered, under possible legal scrutiny, as Johnson’s personal view rather than official correspondence. Its real audience are the Tory voters. ...
Brexit: Letwin amendment passes 322 v 306
- Machinist commented Oct 20, 2019
That’s not the official extension request.
Brexit: Letwin amendment passes 322 v 306
- Machinist commented Oct 20, 2019
The “Dear Donald” letter is absolutely inconsequential to what is going to happen next. The European Council is going to weigh EU’s strategic interests and those only. The letter will not sway any of that.
Brexit: Letwin amendment passes 322 v 306
- Machinist commented Oct 20, 2019
With regard to weekend rates at XE.com… For most of the weekend, they’re essentially fluke rates in low-liquidity environment, coming from who-knows-where, including, possibly, some private money transfers, I believe. The rates at XE.com start ...
Brexit: Letwin amendment passes 322 v 306
- Machinist commented Oct 12, 2019
How about increased optimism on the global markets? You seem to have joined in 2010. Have you not learnt since some basics of what drives the USD? And to what have you been paying attention for at least the last 12 months or so?
US Pres Trump: Have Come To Substantial Phase 1 Deal With China
- Machinist commented Aug 1, 2019
Another factor to consider: there was still quantitative tightening going on until Wednesday, with Wednesday having been the end of month. I believe it, too, could have contributed to tipping the balance in favor of USD appreciation.
Federal Reserve issues FOMC statement
- Machinist commented Jul 10, 2019
Don’t bet a farm on it. It may or may not sink so low again. I would expect continuing strong resistance at about 0.69, and generally a medium-term tendency to try to climb back toward 0.70 at any sign of weakness in the USD.
Powell: Welcoming Remarks
- Machinist commented May 11, 2019
Not factual. Pressure on consumer prices has been present, just not yet as much across the board. However, coping with 25% instead of 10% will be another matter entirely… url
Talks with China continue in a very congenial manner - there is absolutely no need to rush
- Machinist commented Mar 30, 2019
There isn’t one. You cannot guarantee successful implementation of an elected outcome; only a due attempt and time to do so. A general election, for instance, is not guaranteed to produce a viable government. And I obviously do not argue for re-runs ...
Brexit: Government plans to hold new vote
- Machinist commented Mar 30, 2019
Yeah, imagine that! Actually, that’s precisely how democracy works: There are always some who don’t like the outcome of an election; and guess what: there’s a re-run every few years!
Brexit: Government plans to hold new vote
- Machinist replied Feb 3, 2019
I sort-of needed the pinch of real money on the line to keep myself focused. People differ in their emotional setups. I have no problem sticking to my rules under any circumstance so long as I believe they’re correct.
How many of you, still prescribe demo trading to others?
- Machinist replied Feb 1, 2019
The clue may be in the comments under this news: url Position defended at 10am ET…
EURUSD only
- Machinist commented Jan 23, 2019
Is there more (inverse) correlation with eur/gbp instead? I would be quite curious to get your view on that.
Pound Climbs As Labour Backs Measure To Delay Brexit