Dislikedwhole US foreign policy is driven directly by Exxon and a bunch of top executive from OIL companies.Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
The Really Useless System 25 replies
Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies
The Really Really Boring Forex System 97 replies
Dislikedwhole US foreign policy is driven directly by Exxon and a bunch of top executive from OIL companies.Ignored
Disliked{quote} Yes for fact checking yes. But for short term market reaction/expectation no. There is 3 months in between that, markets will likely price before that risk side for EUR/FR50/bonds on downside if she wins same as we had with Brexit, and reaction can be severe. ....Ignored
Disliked{quote} I am actually looking at the other side. We are inches away from a long term bottom in the Euro. Clearing French election in any combination may give us a strong reaction but to start marking the bottom .... For now we are still 'far' and with US and dollar in full control. Depending on how much Trump interfere with free markets and information, things may get a lot clearer and sooner than most expect. For now status quo, with Dollar pushing on macro numbers (and rates) and ignoring risk while Euro 'minimising' macro numbers as long...Ignored
DislikedGoosebone, You may have called that area right as price reacted very quickly there. I was looking for a test of the .0500 handle. It is reasonable to believe we will visit the .058x/.0610 level again prior to Minutes.Ignored
DislikedYes goosebone the .0500 was tested but didn't pierce thru enough to hit the .048x. I actually closed one of last two positions here. I closed at .0494 since price tested this area before and didnt go further along w knowing we still have the Minutes. As as I said before, I am not good w capital and reward management. Perhaps, I should have not closed out my 2nd position at this point. EU is a terrible toddler for me in the past 2 yrs. I can't take it out anywhere as I'm not sure if it is going to behave or throw a fit. Usually, it's the latter....Ignored
DislikedMarkets on the move in the European session. Solid sessions keep coming across the board. Main highlight for today is in the key Bond markets. German and US 2yrs reaching a maximum gap which is not surprising at all giving the current macro and risk environment. For FX trading, bonds giving the 'is ok' to go ahead in Euro* and Dollar to extend the ranges so we just need to actually trigger the moves. Eyes on a quick opening range to set the mood for the rest of the day until the Minutes. sisseIgnored
Disliked{quote} [...] Tomorrow (I think it's at 3:30pm GMT), Bayrou, a centrist, will announce if he is candidate to presidential election (expected) or if he supports Macron (less expected). If he backs Macron, that will make things a lot clearer as odds for Macron to go to second round and win over Le Pen will then increase a lot[...]Ignored
Disliked[...] Anyone see the news w France and election candidates? Is this why EU is acting like a toddler again when we were at the .0500 handle or just Bulls protecting it?Ignored
Disliked{quote} can you give examples or explain this? for future reference what is the indicator watching the bond chart to anticipate a break in range? is it the expectation of bonds selling off? i might be way off but a lil help with this would be greatIgnored
DislikedFor the actual flows (if any) will take @primejarvis and @Earleone for today's reference in the thread: @primejarvis Direct -> 1.056x -> 1.047x @Earleone (merging in one as its 'useless' no pun intended to have 2 in the same area) Direct -> If 1.061x -> [please fill TP1, TP2 etc so we can track] and anybody else who want to jump and call the other...Ignored