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- enarco replied Mar 4, 2020
In my own folly that is what I am seeing as well. Its about the right set up and waiting for it. I keep on working at it.
EURUSD
- enarco commented Mar 4, 2020
I would say based on the net long ratio everyone is expecting your 200 pip run up. Which it could do from an oversold area, but it doesn't have to either, technically. And oversold is simply a figure of speech for technicians, as in a trend, the ...
Global economy slumps at steepest rate since 2009 as coronavirus hits
- enarco commented Mar 4, 2020
Oh I also expect that surge in the AUD NZD just think its going to go back down before up as the uncertainty and data continue to support the thesis. Both currencies are held pretty long by retailers who might be much like yourself. Toss some of ...
Global economy slumps at steepest rate since 2009 as coronavirus hits
- enarco commented Mar 4, 2020
Reviewing charts and following economic data isn't listening to the media. Time will tell how fast things recover and that is the big question. You have it figured and congrats. Seriously. I simply think the AUD and NZD will have to work this out. ...
Global economy slumps at steepest rate since 2009 as coronavirus hits
- enarco commented Mar 4, 2020
In 2008 if you review the charts lows were tested and broke all the way until there was a sign that things were actually improving. And even then they retested. I think this will be no different. CB cut rates which is about all they got. Which is ...
Global economy slumps at steepest rate since 2009 as coronavirus hits
- enarco commented Mar 4, 2020
I am simply saying that there will be something potentially going on to mitigate this disruption. I see a potential for some job creation and a positive number. The entire SE Asia region is being affected and China is the biggest player. I am fully ...
Global economy slumps at steepest rate since 2009 as coronavirus hits
- enarco commented Mar 4, 2020
I am expecting a decent employment number from the US on Friday. Thesis is that jobs are created to stem the supply chain disruptions from China. Expect also NZD to announce rate cut before end of month, unsheduled. I think both the AUS and the NZD ...
Global economy slumps at steepest rate since 2009 as coronavirus hits
- enarco commented Mar 3, 2020
A global race to zero. Its all they have left. And as we all know many are already there and below. US dollar should fair well being one of the few still giving some yield. For however long they can hold out for.
Fed Watch: More easing is on its way
- enarco commented Mar 3, 2020
Just follow on from the Greenspan era. Try and eliminate or diminish the recession potential. Just keep on kicking it down the road. Personally thought we were going to get smoked by the debt bubble. Got side swiped by the pandemic. The race to zero ...
Mnuchin hails Fed decision to cut rates amid coronavirus outbreak, as Trump calls for more action
- enarco commented Mar 3, 2020
The race to zero has begun. The US could be one of the few with rate above zero. So what will that do to the dollar? This is all still the dogma from Allan Greenspan days whereby we can prevent recessions by stimulus. Here we are again. Stock market ...
Fed cuts benchmark rate 50 bps
- enarco commented Mar 3, 2020
Just to put it all into perspective. This is still the dogma from Greenspan era whereby we can skirt recessions with intervention. A recession is a part of the cycle and if you do the needful to prevent it where does it get you? Here we are again. ...
'Whatever it takes': Here's what 4 experts are saying about the Fed's surprise rate cut
- enarco replied Mar 2, 2020
Ok I think an act of God is all that will get it back to the high today. What a rip.
EURUSD
- enarco replied Mar 2, 2020
What a beast. Just does not want to give anything back. Butting up against R1 now. Does not want to give any happiness to shorts. None at all. But maybe getting close?
EURUSD only
- enarco commented Mar 1, 2020
I think its going to work on a bottom. Scalping is probably what one needs to do. If you get a good pitch take it but don't plan on a home run. Could just run 65 to 66 for a while till the data comes out suggesting higher value. Or it goes further ...
"There's No Pollution" - NASA Satellite Images Expose China's "Production Has Resumed" False...
- enarco replied Mar 1, 2020
I was hearing something that the EUR is being taken up as a carry trade. Which makes about the only sense I can see for its strength. Being borrowed heavily to purchase these depressed assets?? I also do not see this as sustainable but who am I to ...
EURUSD only
- enarco commented Mar 1, 2020
Sorry, I do not know how to respond other than you do know how this is transmitted? It spreads out via contact and these elderly get exposed either way whether they work or not. You are saying its media hype and even the data you supply does not ...
Did the Panic Market Adjustment Reach a Climax?
- enarco commented Mar 1, 2020
url Market was due for this and all it needed was the catalyst. If 10% of elderly dying by an aggressive flu then I am going to have to disagree that this is media created hype. 18 million people in china are over the age of 80. So its hype if we ...
Did the Panic Market Adjustment Reach a Climax?
- enarco replied Feb 29, 2020
That had trillions of stimulus globally behind it. I think the question is now. What is there now to deal with what potentially could come. I do see your point though, but 2008 was dealt with by huge and I mean historical intervention in the markets. ...
AUD/USD
- enarco replied Feb 29, 2020
I was surprised to hear commentary that the Euro is being used for carry trades and its about all I can see that makes sense for its rise. Much like the GU should drop with Brexit and a slowing economy. With the macro issues going on the economies ...
EURUSD
- enarco commented Feb 29, 2020
Main thing is to expect volatility and thus heavy on the risk management side. We are back to 2008 cycle where a government announcement can swing things in an instant. One's convictions can be tested daily and weekly. On a valuation basis the ...
Powell says Fed will use its tools and act as appropriate to support economy