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Forex Forum Archive for 11/10/2020

Pick a date from the header above to view forum postings for that day.
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dc CB 23:38 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

MM
one more...grainey but got disappeared by...guess who.

This one's for you MM

Trader : Paul Tudor Jones (1987) [Documentary]

https://www.youtube.com/watch?v=-tP7nXjjg1c

dc CB 23:27 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

MM

it's not anywhere near trading Forex on a bank desk.

Floored
film
Floored is a 2009 documentary film about the people and business of the Chicago trading floors. The film focuses specifically on several Chicago floor traders who have been impacted by the electronic trading revolution and whose jobs have been threatened by the use of computers in the trading world.

3 links...one should work

https://www.youtube.com/watch?v=--H8SY334Zw

https://www.youtube.com/watch?v=Njoq3HDYwj0

https://www.youtube.com/watch?v=VDKop11g8Fc

dc CB 23:18 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Israel MacroMicro 20:33 GMT 11/10/2020
cb
US agriculture sector creating shortages
_______________________________________________
Yeh, keep that line of thot going.

Saw you asked ATTrader John about Lumber.
Just a note - have you noticed the daily Volume in Lumber Futures??? You want to trade in that arena? really Liquid.

but I think you should trade US Ag Futures...it will be a good learning experience. I started my dabbling as a sideline in the late 80s. BeforeInternet, when you had to call your broker---the first link in the chain that got your SmallGuy order thru the next people who sent it to that loud Rugby player in the pit. with the colored jacket so the other colored jacketed Pit Guys saw where the Big Orders...(not yours) were coming from(as in what House was taking the side)

but I digress

AT Trader john 21:33 GMT November 10, 2020
Wednesday Amazing Trader 11 November 2020

LATE Tuesday: MIXED RISK
DJ: 29,421 +263
SP: 3,546 -5
NQ: 11,554 -160

2-yr 0.179% -0.4 bp
Spread 10s-2s +77.0 bp (+76.8)
10-yr

US: 0.949% -0.9 bp
UK: 0.396% -0.6 bp
DE: -0.487% 0.0 bp

EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.1823 (1.1816)
GBPUSD 1.3246 (1.3227)
EURGBP 0.8924 (0.9831)
USDJPY 105.31 (105.21)

THIS Week 1.1921-1.1796 (125 pips)
tue: 1.1844-1.1780 (64)
mon: 1.1921-1.1796 (125)
fri: 1.1891-1.1796 (95)
thu: 1.1859-1.1711 (148)
wed: 1.1771-1.1603 (168)

20-d avg: 1.1772
50-day avg: 1.1771
100-day avg: 1.1699
200-day avg: 1.1351

Global-View Daily Trading Chart Points





Israel MacroMicro 20:33 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

cb

US agriculture sector creating shortages to skyrocket prices next year? - acceptable assumption in your standards?

tia

london red 20:01 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

fed on wires talking dovish, mcConnell shooting down multi trillion stimulus, stocks off yet...10y refusing to come down...that tells a story...readying for an assault on the big 1

Israel MacroMicro 19:48 GMT November 10, 2020
GOLD bugs special
Reply   
While the markets were giddy about the prospects of a coronavirus vaccine, the Federal Reserve was warning of more economic chaos on the horizon.

The Fed released its biannual Financial Stability Report Monday. The report warned we could see a wave of defaults and “significant declines” in asset prices in the near future.

The biggest concern outlined by the Fed is the surging levels of debt in the economy. “As many households continue to struggle, loan defaults may rise, leading to material losses,” the Fed report warned.

It also expressed concern about the rising levels of business debt.

Debt owed by businesses, which was already historically high relative to gross domestic product (GDP) before the pandemic, has risen sharply as businesses increased borrowing to weather the period of weak earnings. The general decline in revenues associated with the severe reduction in economic activity has weakened the ability of businesses to service these obligations.”

According to the report, small businesses “credit quality … has worsened notably since the COVID-19 outbreak and has not yet stabilized, with many small businesses closing or scaling back operations significantly during the crisis.”

Despite the problems, the Fed said the worst possible outcomes resulting from the pandemic have been largely avoided – so far.

So far, strains in the business and household sectors have been mitigated by significant government lending and relief programs and by low interest rates.”

The Federal Reserve report also expressed concern about overvalued asset prices, particularly the stock market.

Given the high level of uncertainty associated with the pandemic, assessing valuation pressures is particularly challenging, and asset prices remain vulnerable to significant declines should investor risk sentiment fall or the economic recovery weaken.”

In simple terms, the Fed’s monetary policy has blown up a big stock market bubble, along with bubbles in other asset prices including housing. It wouldn’t take a very long pin to pop those bubbles and send the stock market crashing through the basement.

Speaking of the housing market, the Fed noted that it is showing signs of stress.

The strength in the housing sector reflects robust demand from households and is being supported by the low level of interest rates. However, downside risk remains, given the unusually large number of mortgage loans in forbearance programs and the uncertainty around their ultimate repayment.”

About 7% of mortgage holders are behind on payments. That up about 2% since the beginning of the pandemic.

Overall, the Fed report warned that we still have high levels of risk in the US economy.

In the near term, risks associated with the course of COVID-19 and its effects on the US and global economies remain high.”

Ironically, the Federal Reserve created this high-debt environment and blew up the suddenly problematic asset bubbles – on purpose – through the very programs it claims have saved us from harm. Artificially low interest rates and borrowing programs funded by money printing allowed businesses to run up the massive levels of debt the Fed is now concerned about. They also fueled the big run-up in the stock market even as the economy collapsed under the pressure of government lockdowns.

This is precisely why we have said there is no exit strategy from this extraordinary monetary policy even if scientists come up with an effective coronavirus vaccine. As Peter Schiff noted in a recent podcast, “The problem is not really the fact that we have a disease, but that we’re addicted to the cure, which was cheap money and all this debt. And so now, it’s the addiction to the cure that’s the real problem.”

The Fed can’t take away the cure without causing an even bigger problem than the initial disease that the cure was meant to cure because now the problem isn’t the disease. Who cares about that? The problem is the cure that was so addicting. And now we’ve got an even bigger problem than the one we started with. And that problem’s not going away. There is no antidote or vaccine that’s going to work for that. We are stuck with that.”

Minneapolis DRS2 19:38 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

There are no "official results" yet because nobody wants to go to the slam for certifying a cheat! It's that blatant.

Now everyone is in a pickle and don't know what to do. You wanna just "accept the results" and certify a "president-elect" that you know is false? OK, go ahead...it may be viscerally satisfying to a lot of people after Bush/Gore and Trump/Clinton, but let's face facts for what they are. The nation is being ordered by the mainstream media to accept a guy as president who stayed in his basement, didn't campaign much and had sparse attendance at public gatherings? Uh huh.

Instead of asking "who is watching anymore?", you might consider asking instead "who will actually consider Biden the president?" This is why everyone is on hold. The mainstream media is shouting "accept your new president" through the megaphone, but there is enough nagging doubt to make the entire house of cards fall down. Draping yourself in blue and standing in front of banners saying "office of the president-elect" won't make it so, and everybody knows it.

GVI Forex Blog 19:21 GMT November 10, 2020
Chart Points: Free Forex Database For 10 November 2020
Reply   

forex rate database image

Global-View Free FX Database. High-Low-Close data for more than a dozen currency pairs for over seventeen years of data in an Excel spreadsheet format.

Global-View Daily Trading Chart Points

Chart Points: Free Forex Database For 10 November 2020

Israel MacroMicro 19:14 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

as a trader, PLEASE never release the results
lol

Israel MacroMicro 19:14 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

I cannot get it, there were elections but no official results yet.
so why the group of genius elected politicians do not pass a law that forbids the media to speculate and drag the nation into useless pointless arguments about who won the elections BEFORE official results released?

dc CB 18:22 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

AT Trader john 10:55 GMT 11/10/2020
Personal Observations:
The U.S. election process continues to drag on, The only question is when the Republicans finally concede. Some say the current Trump strategy is geared at keeping the loyal base fired up for the two Senate run-off races in Georgia early in January. Otherwise, I am not sure who is watching anymore.
________________________________________________________

Republicans across the country escalate efforts to investigate credible allegations of fraud during the 2020 election, a group of ten Republican Attorneys General have filed an 'amicus brief' with the US Supreme Court in a case challenging the legality of late mail-in ballots in Pennsylvania.
AGs from Missouri, Alabama, Arkansas, Florida, Kentucky, Louisiana, Mississippi, South Carolina, South Dakota, and Texas filed in Republican Party of Pennsylvania v. Boockvar, which challenges the Pennsylvania Supreme Court's late October decision to allow ballots arriving after Election Day to be counted - despite, as The Federalist notes - state laws mandating otherwise.

"Free and fair elections are the cornerstone of our Republic and it’s one of the reasons why the United States is the envy of the world," said Missouri AG Eric Schmitt in a Monday press conference. "We have to ensure that every legal vote cast is counted in that every illegal vote cast is not counted."
"The actions taken by the Pennsylvania Supreme Court are one of the most breathtaking abuses of judicial authority that I’ve seen in my four-plus years as attorney general," said Oklahoma AG Mike Hunter.

Plaintiffs argue that the PA Supreme Court exceeded its authority and violated the Constitution's Election Clauses which give state legislatures, not the courts, the power and "unique role" to decide various election procedures.

"Our system of federalism relies on separation of powers to preserve liberty at every level of government, and the separation of powers in the Election Clauses is no exception to this principle," reads the amicus brief.

"We as attorneys general and we, as the chief legal officers of our state have a responsibility to address that kind of judicial abuse of authority because of the precedent that that decision represents can affect the outcome of elections, not only in Pennsylvania but national elections," said Oklahoma AG Hunter.

dc CB 18:13 GMT November 10, 2020
Pfizer Biontech Covid Vaccine

when is Biden going to be nominated for the Noble Prize...tough one there --- Peace Prize? Medicine? once they work that out the annc will be on the FrontPages

dc CB 18:11 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

10Y- 0.96% the Indirects(foreign banks) took the same amt as last month --- but the Total Offering was 41bln vs 35bln

https://www.treasurydirect.gov/instit/annceresult/press/preanre/2020/R_20201110_1.pdf

AT Trader john 17:58 GMT November 10, 2020
Wednesday Amazing Trader 11 November 2020
Reply   

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Wed 11 NOV 2020
CA/US Holiday
Thu 12 NOV 20120
AA 08:00 UK- Trade
A 08:00 GB- Output, Trade, GDP
AA 13:30 US- CPI
A 13:30 US- Weekly Jobless
A 16:00 US- EIA Crude
Fri 13 NOV 2020
A 13:30 US- PPI
> AA 15:00 US- Prelim Univ of Michigan


PAR 17:58 GMT November 10, 2020
Pfizer Biontech Covid Vaccine

So many freezers. I guess that is bad for the climate.

Greta not going to like it unless we buy some emission credits from Elon Musk. LOL

dc CB 17:52 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

don't underestimate Biden-Harris with the Good Doktor as COVID CZAR mandating the cure --vax plus masks, pushed by the entire US MSM conglomerate.

this is much more likely than that crap 'ac' posted ---Evil Mass Murderer Trump to reveal secrets out of spite.....reveal what Joe and Hunter have already sold monthly subscriptions (US Nuz and Secrets Weekly)

Oh and by the way Food Inflation 2021....Oct WASDE just released...World Ag Supply and Demand Estimates

https://www.usda.gov/oce/commodity/wasde/wasde1120.pdf

Mtl JP 17:44 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

vaxinated ...
Fauci first
... with at least a tripple independently audited injection
... ... and then the two new wearing mask patriotic clowns

dc CB 17:35 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Dr. Fauci, speaking with the press, said that he expects the emergency use approval from the FDA for Pfizer's vaccine to arrive "in a week or so". At this point in the process, the good doctor anticipates few problems. He also confirmed that he attended a recent White House coronavirus task force meeting.

--------------------------------
get ready to be vaxinated - your next big choice for November

PAR 16:49 GMT November 10, 2020
GERMANY

Back to the Weimar Republic

Weimar Republic

haifa ac 16:49 GMT November 10, 2020
Officials fear Trump could reveal secrets
Reply   
WASHINGTON - As president, Donald Trump selectively revealed highly classified information to attack his adversaries, gain political advantage and to impress or intimidate foreign governments, in some cases jeopardizing U.S. intelligence capabilities. As an ex-president, there's every reason to worry he will do the same, thus posing a unique national security dilemma for the Biden administration, current and former officials and analysts said.

https://www.chron.com/news/article/Officials-fear-Trump-could-reveal-secrets-15715183.php

This guy is ruthless and vindictive. The above is a horrible thought. Let's hope it is totally wrong.

PAR 16:40 GMT November 10, 2020
GERMANY
Reply   
Spectacular news:

Germans rates could move back to ZERO.

Investors get concerned about the stratospheric amount of debt outstanding and even more allergic to new debt being issued at an exponential rate.

PAR 16:28 GMT November 10, 2020
EUROPE AUCTIONS COMING SOON

Mtl

Buy France, Italy, and Spain. Money is flowing like Niagara Falls.

london red 16:25 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

dc, they really tried today had a ton of $hit on the wires but they will still need to pay highest yield since spring near 1%. fed losing its shine.

Mtl JP 16:20 GMT November 10, 2020
He who yells Loudest --- wins

... "Biden is already speaking with foreign leaders"...

with the help of a teleprompter ?

Mtl JP 16:11 GMT November 10, 2020
EUROPE AUCTIONS COMING SOON

PAR 16:09 sounds like a predictable trade to riches

PAR 16:09 GMT November 10, 2020
EUROPE AUCTIONS COMING SOON

Socializing losses, privatizing profits.

The more things change, the more they stay the same.

PAR 16:04 GMT November 10, 2020
EUROPE AUCTIONS COMING SOON

Still needs to be approved by all the national parliaments.

PAR 15:58 GMT November 10, 2020
EUROPE AUCTIONS COMING SOON
Reply   
EU Clears Hurdle to Unlock 1.8 Trillion-Euro Budget Package

Europe goes on a spending spree

dc CB 15:48 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Never noticed here for some reason.
I guess it has no effect on forex or stocks. lol

10Y Auction going on now 41bln New Issue(read Refunding) on offer...results hit the market just after 1PM ET

london red 15:47 GMT November 10, 2020
S&P crucial below 3512

349x a channel for s&p. if holds then as we were ie tech underperforms but mkts up. if breaks then everything down

dc CB 15:38 GMT November 10, 2020
He who yells Loudest --- wins

Former Obama deputy national security adviser Ben Rhodes admitted Monday that Joe Biden is already speaking with foreign leaders as if he is the next President, a move that some believe to be a breach of the Logan Act, the same law that President Trump’s former national security adviser Gen. Mike Flynn was prosecuted under.

Rhodes made the comments during an MSNBC interview in which he slammed Trump for contesting the election:

“We’re going to have the pageantry already of the president-elect announcing his advisory board. He’s going to start announcing cabinet secretaries. The center of political gravity in this country and the world is shifting to Joe Biden. Foreign leaders are already having phone calls with Joe Biden, talking about the agenda they’re going to pursue January 20th,” said Rhodes

Obama Security Adviser Admits Biden Is Already Talking With Foreign Leaders

PAR 15:33 GMT November 10, 2020
Pfizer Biontech Covid Vaccine

UPS (UPS UN Equity) has built two freezer farms in Louisville, KY and the Netherlands near the company’s air hubs. The two locations should help to ensure global distribution of a vaccine once it is available. Each facility will house 600 deep freezers which can hold 48,000 vials of the vaccine at temperatures as low as -112 Fahrenheit. Between the two facilities, UPS will be able to store over 57 million doses of the vaccine.


FedEx (FDX UN Equity) began building out its freezer farm infrastructure nearly a decade ago in response to the H1N1 outbreak. FedEx now has nearly 90 cold-chain facilities around the world where the vaccines can be safely stored. The company has also begun using Bluetooth to transmit a location every few seconds. Combined with temperature sensors, if something goes wrong with a shipment, FedEx will be able to pinpoint its location and work to fix the problem in a rapid manner.


Deutsche Post (DPW GY Equity) said its contract logistics division operates more than 180 locations worldwide, tailored to the needs of the pharmaceutical industry, where sensitive medical products can be stored and packaged at different temperatures.

haifa ac 15:31 GMT November 10, 2020
S&P crucial below 3512
Reply   
Daily thrust.

Mtl JP 15:01 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

EURO 1.1812-ish
-
puppy tried a run at 50-day S
S holding, 1.1850 Res

AT Trader john 15:00 GMT November 10, 2020
NEWS
Reply   
September 2020 JOLTS Survey



LATEST DATA

6.436 vs. 6.500 exp vs. 6.490 mn (r ) prev.


Hk Ab 14:32 GMT November 10, 2020
Gold
Reply   
Mission completes, take 1882

Israel MacroMicro 13:57 GMT November 10, 2020
Amazing Trader Update

lumber???

can you analyze successfully lumber futures with AT ?

GVI Forex 13:55 GMT November 10, 2020
Amazing Trader Update
Reply   
Here is a list of the pairs updated on charts by the Amazing Trader

Most forex pairs
Gold
Sikver
'S&P
NDX
DJIA
Bitcoin

We can add any pair upon request.

The Amazing Trader

PAR 13:49 GMT November 10, 2020
Margin Calls
Reply   
Huge volatility leads to margin calls.

There are winners but also big losers.

Look at the guy who bet $ 5 million on Trump being a winner.

Israel MacroMicro 13:36 GMT November 10, 2020
Gold

good luck brave trader

Hk Ab 13:34 GMT November 10, 2020
Gold
Reply   
Stop placed 1837 and with layers of add at 40,50 and 60

Hk Ab 13:17 GMT November 10, 2020
Gold
Reply   
Buy 1 gold to test bangsters

Israel MacroMicro 12:37 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Richard Pilger - gone

PAR 12:28 GMT November 10, 2020
Pfizer Biontech Covid Vaccine
Reply   
One horrible detail. It needs to be stored and transported at - 80 degrees celsius. This will become a logistical nightmare.

Good luck.

AT Trader john 11:52 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Could be latest Amazon complaint by EU. Same old anti-trust stuff...

Israel MacroMicro 11:40 GMT November 10, 2020
He who yells Loudest --- wins

JP asked: Odds of trump's efforts at "truth" to return him to the presidency: ___ ?


answer: same as JP's chances to develop successful belly dancing career

PAR 11:38 GMT November 10, 2020
STOCK INDEX FUTURES
Reply   
Unseen volatility up and down a few hundred points in minutes and the VIX keeps collapsing during this unseen volatility.

VIX a fake contact?

Israel MacroMicro 11:36 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

NQ: what must happen just happened

why?

GVI Forex 11:34 GMT November 10, 2020
Amazing Trader Update: EURGBP
Reply   
Breakout level was .8944, trades weak while below it.

Next key AT level is still a bit far away at .8862

The Amazing Trader

Israel MacroMicro 11:03 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

looking for 50% of previous hour's candle to correct
that's all :)

Israel MacroMicro 11:01 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

NQ 11575 LONG

kl shawn 10:58 GMT November 10, 2020
GBP/JPY

we have eurgbp under 0.8940 and even under 0.89, gbp got the momentum higher

hk ab 10:58 GMT November 10, 2020
yen
Reply   
watch yen for gold today.
Yesterday watch gold for yen.....

Israel MacroMicro 10:57 GMT November 10, 2020
GBP/JPY

not turning here and above 142++ it goes imo

AT Trader john 10:55 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Personal Observations:
Looks like a Mixed Risk profile at this hour. We are getting mixed signals from U.S. equities. The NASDAQ (heavy tech weighting) is in a corrective phase, while the S&P is holding its own.

The U.S. election process continues to drag on, The only question is when the Republicans finally concede. Some say the current Trump strategy is geared at keeping the loyal base fired up for the two Senate run-off races in Georgia early in January. Otherwise, I am not sure who is watching anymore.

As for the Pfizer Coronavirus vaccine, there is no doubt that the announcement was a positive one, but more needs to be done before it is ready for a launch. More testing is required before the CDC can approve the drug. I hear today that if all goes well it COULD be launched sometime in the middle of 2021. It is still unknown how long the immunity will last. From a trading perspective, news on the virus tends to impact equities more directly more than forex.

The critical ERUGBP pair is on the soft side at this hour as EURUSD appears to be in a liquidating market. The GBPUSD remains at the mercy of the latest Brexit headlines.

The Aussie and CAD are weaker vs. the USD. No major data ar due from the U.S. today. Tomorrow is a partial bank holiday for a few key markets.



Amazing Trader Reviews

swiss frank 10:53 GMT November 10, 2020
GBP/JPY

Well it could... (re 142). I don't know. Its somewhat a question of risk reward whether to enter here or wait for higher. I'm comfortable on that basis here. We've had three thrusts higher off the 124 low which often times tends to be it. Also like the symmetry with the high previous to the one near 143 (now at 139.50). Maybe I'm just seeing what I want to see (as is the case with MANY things these days but.... we'll see...

kl shawn 10:43 GMT November 10, 2020
GBP/JPY

you dont wanna wait till 142?

Israel MacroMicro 10:42 GMT November 10, 2020
GBP/JPY

go ahead Frank, surprise me extremely!

swiss frank 10:32 GMT November 10, 2020
GBP/JPY
Reply   
I like short GBP/JPY here for an epic fail and move back to 125.

Mtl JP 10:32 GMT November 10, 2020
He who yells Loudest --- wins

CB - the RUSH is a propaganda tactic.
*
- the Gish gallop - flood the zone with bullsh!t
-- assume victory
--- wrap yourself in the flag:
--- "Wearing masks are a patriotic duty" - biden (never mind the science)
*
*
Odds of trump's efforts at "truth" to return him to the presidency: ___ ?


jkt abel 10:18 GMT November 10, 2020
gold

gold 1850 will hold IMO

GVI Forex 10:14 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Posted yesterday on the AT forum''

Monday Amazing Trader 9 November 2020
GVI Forex 17:57 GMT 11/09/2020 - My Profile
EURUSD 1.1790 is the key AT level. Look at your AT 1 and 4 hour charts

The Amazing Trader

PAR 10:10 GMT November 10, 2020
EUROPE
Reply   
European stocks rise on the hope of the end of negative interest rates and the hope of the return of dividends.

Especially financials doing well.

hk ab 10:10 GMT November 10, 2020
yen
Reply   
It's always honest and faster than you thought, hello 110.....soon.

hk ab 10:09 GMT November 10, 2020
gold
Reply   
can gold cry wolf 3 times for the 1850 bottom...... interesting.

GVI Forex 10:06 GMT November 10, 2020
Master Class: How to Use Crosses to Trade Spot FX

This article is worth repeating (note how a weaker EURGBP is driving EURUSD and GBPUSD)


If I told you that there was a large order in the market to buy EUR and sell GBP would you be looking to sell EURUSD and buy GBPUSD, do the opposite or step aside as the order gets executed? As outsiders, we are not privy to the flows in the market and due to increased regulation, banks that are executing the orders no longer pass on the information. All we are left with is guesswork but the price action in major crosses, such as EURGBP, EURJPY, GBPJPY, etc. can give a clue to the cross flows and how to use this information to trade spot fx.


Master Class: How to Use Crosses to Trade Spot FX

AT Trader john 10:02 GMT November 10, 2020
NEWS
Reply   
German ZEW Survey November 2020



LATEST Data
Expectations: 39.0 vs. 43.7 exp. vs. 56.1 prev.
Sentiment: -64.3 vs. -65.0 exp. vs. -59.3 prev.



AT Trader john 09:55 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

Tuesday: MIXED RISK
DJ: 29,263 +199
SP: 3,553 +8
NQ: 11,743 -79

2-yr 0.181% -0.2 bp
Spread 10s-2s +76.8 bp (+77.1)
10-yr

US: 0.949% -0.9 bp
UK: 0.390% +1.5 bp
DE: -0.486% +2.2 bp

EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.1812 (1.1850)
GBPUSD 1.3246 (1.3157)
EURGBP 0.8918 (0.9004)
USDJPY 105.25 (104.74)

THIS Week 1.1921-1.17096 (125 pips)
tue: 1.1843-1.1803 (33)
mon: 1.1921-1.1796 (125)
fri: 1.1891-1.1796 (95)
thu: 1.1859-1.1711 (148)
wed: 1.1771-1.1603 (168)

20-d avg: 1.1767
50-day avg: 1.1771
100-day avg: 1.1693
200-day avg: 1.1346

Global-View Daily Trading Chart Points





PAR 09:48 GMT November 10, 2020
ECB LAGARDE PONZI MAFIA
Reply   
ECB as usual on the wrong foot.

As vaccines and cures become available the economic outlook all of a sudden is brightening up. That means that the ECB either has to invent other doom scenarios, change its forecast, or eliminate even more expansive monetary policy.

If the narrative on the next phase of the Covid-crisis changes (from 3rd wave to vaccination), it will have consequences for monetary and fiscal policy. A return to normal social and economic life reduces the need for both to keep on easing. In that respect, any ECB package at the December meeting could be the final one in the cycle. It implies uncertainty on granted lifelines. The ECB’s guidance on its Pandemic Emergency Purchase Programme for example clearly states that it will terminate purchases once it judges that the COVID-19 crisis phase is over. The new narrative could make it a very tricky road ahead for bonds and stocks after the early optimism fades away.

GVI Forex 09:19 GMT November 10, 2020
GBP
Reply   
Focus is on GBP which is up on expectations that Johnson will be more likely to compromise on Brexit to get a deal done now that Biden will be president

Note eurgbp as well as gbpusd, All clearly presented on

The Amazing Trader

jkt abel 09:12 GMT November 10, 2020
yen

ab, for that to happen, gold will have to be much lower than now

AT Trader john 08:59 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 10 Nov 2020
A 10:00 DE- ZEW Survey
A 7:00 GB- Employment
B 14:00 US- JOLTS
Wed 11 NOV 2020
CA/US Holiday
A 15:30 US- EIA Crude
Thu 12 NOV 20120
AA 08:00 UK- Trade
A 08:00 GB- Output, Trade, GDP
AA 13:30 US- CPI
A 13:30 US- Weekly Jobless
Fri 13 NOV 2020
A 13:30 US- PPI
> AA 15:00 US- Prelim Univ of Michigan


PAR 08:59 GMT November 10, 2020
ECB LAGARDE PONZI MAFIA

Or the EURO. If the EURO would go into freefall than she will have to raise rates but then we will be in a situation that Lagarde knows very well - ARGENTINA -.

haifa ac 08:45 GMT November 10, 2020
ECB LAGARDE PONZI MAFIA

There is a slight chance that the BOND market will do this for you.
If the break of 170-30 is real and we go into a down phase (Monthly chart)--that would mean that big money refuses to buy treasuries for the current interest rates and demand higher rates.
This can push the market into a more "inflationary" mood.

PAR 08:22 GMT November 10, 2020
ECB LAGARDE PONZI MAFIA
Reply   
Now that a German company has discovered a vaccine for Covid maybe Lagarde should better start listening to her German colleagues and start raising rates, reduce QE, and stop intervening in politics.

Covid, climate change can't be solved by the ECB.

Even setting interest rates would be better left to the markets than to bureaucrats but she Lagarde needs a job.

With the vaccine, the ECB forecasts, as usual, are completely useless and 2021 looks totally different. Lagarde is always back looking.

Amman wfakhoury 07:57 GMT November 10, 2020
GOLD

Hi Ahmad
Thank you for asking ..I am ok working as a money manager for Britsh investment company.
Yesterday I traded GBPUSD and I made a good profit, then I saw the drop of Gold, I just made 200$ from it.

Israel MacroMicro 07:24 GMT November 10, 2020
GOLD

hi WFAK

are you okay?

bit worried about you, last time you shared a statement it shown millions, this time kind of candy size.

how are you friend?

Amman wfakhoury 06:44 GMT November 10, 2020
GOLD
Reply   


My gold trading after dropped 100$ yesterday

hk ab 06:43 GMT November 10, 2020
yen
Reply   
path to 110.....

Sydney ACC 06:26 GMT November 10, 2020
Breaking News

Did you not consider they would not want to be tarnished as Comey was prior to the 2016 election with the release of the of the Clinton laptop.investigation

haifa ac 05:57 GMT November 10, 2020
Breaking News

Who would have thunk it?
Did you know that Pfizer, the FDA (possibly FBI and God too) are all Democratic?! and they all joined forces to topple the good old Trump?!

hk ab 05:46 GMT November 10, 2020
yen
Reply   
may reenter at 105 long for 110.

hk ab 05:38 GMT November 10, 2020
Gold
Reply   
This is not the usual Gold move, probably, it's a revenge on all fronts. GL and GT.

san francisco chris john 04:37 GMT November 10, 2020
Breaking News

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chris john

haifa ac 04:04 GMT November 10, 2020
Breaking News

Donald J. Trump
@realDonaldTrump
·
3h
As I have long said, @Pfizer
and the others would only announce a Vaccine after the Election, because they didn’t have the courage to do it before. Likewise, the @US_FDA
should have announced it earlier, not for political purposes, but for saving lives!

Minneapolis DRS2 03:09 GMT November 10, 2020
He who yells Loudest --- wins

Why the rush? The rush is to establish the sense of "inevitability" that the Democrats have always tried to set. It started with Richard Nixon, who stayed in the oval office until some Republicans visited him and said "It's time to go". In recent times they did it with impeachment ("Trump is GUILTY!") It is how they do things.

They are trying to do the same thing with Trump...make themselves look like the rightful rulers of Earth, and make Trump look like some a**hole that won't give up the office. That's why there's all the talk about how Biden is "the president-elect" (when he isn't), and why "Trump refuses to leave" (when he has no reason to). Get the compliant mainstream media to sing that Biden is the new president, and the pressure is much easier to start things like forming new policy and hiring staffers and stuff like that. Take a look at the promises Biden is already making...Green New Deal, Palestine, Iran Nuclear Deal. People with their hands out.

Notice that the more seasoned leaders around the world are not drinking the koolaid...not yet. Xi, Putin, Netanyahu. They'll say congratulatory words, but until Biden is inaugurated and Trump is really out of office, they won't make any sudden moves. They're no fools, and unlike many US voters they know all too well what's happening. They know what a potentially explosive situation this is, and although they may like a Biden presidency this is not the way they wanted to get it...no way in hell. (What they wanted, by the way, was a clear Trump rejection by the US population. What they got instead is the worst of all worlds...a lame-duck president-elect who is obviously rejected by many voters, with the appearance of having gotten into office by cheating. They are wise to want no part of it.)

dc CB 01:20 GMT November 10, 2020
He who yells Loudest --- wins



JP
There is now no doubt that Joe Biden is the next U.S. President. says so, maybe it is so . John ATTrader.

Not until this plays out ---- so Dec 14th....Jan 6. My question remains,,,,WHY THE RUSH to Declare Biden POTUS 46.

dc CB 01:11 GMT November 10, 2020
Tuesday Amazing Trader 10 November 2020

AG Barr finally does something.
_______________________________

The Washington Times - Updated: 7:47 p.m. on Monday, November 9, 2020

In a memo to U.S. attorneys across the country, Mr. Barr said they could conduct investigations “if there are clear and apparently-credible allegations of irregularities that, if true, could potentially impact the outcome of a federal election in an individual state.”

The Associated Press first reported the memo.

AG William Barr authorizes Justice Department voter fraud probe

Mtl JP 00:18 GMT November 10, 2020
He who yells Loudest --- wins

dc CB 00:05 - in canada every news monkey hastes to slip in his/her "report" 'Without Proof' as well.

IF john 11:38 GMT November 9, 2020
Personal Observations: There is now no doubt that Joe Biden is the next U.S. President.
says so, maybe it is so .

Mtl JP 00:08 GMT November 10, 2020
Stocks

GVI Forex 21:01 - how conveniently coincidal eh ?
...soon after the safety milestones can be met ...
pigeon-feed.
There is NO immunizing vaccine on radar for at least several months.
even IF there were to be one developped in several months producing and delivering just 50 million doses to _____ (who?) is another time challenge.
Bottom Line
Do not feel guilty cashing riches off pigeon:
-
Dow jumps over 800 points, its best daily gain in 5 months, as Nasdaq ends lower on coronavirus vaccine report -

..."The companies said they are planning to submit for Emergency Use Authorization to the Food and Drug Administration soon after the safety milestones can be met, which currently is expected in the third week of November." .../..

MarketWatch

dc CB 00:05 GMT November 10, 2020
He who yells Loudest --- wins
Reply   
Dr. Fauci Praises Biden Plan, Says He Would Like To Stay On, As US Tops 10 Million COVID-19 Cases: Live Updates

Fox's Neil Cavuto Interrupts Trump Campaign Broadcast Over Election Fraud Claims 'Without Proof'

Hedge Fund Groups Have Immediately Started Lobbying President-Elect Biden
"The hedge fund industry looks forward to working with the Biden administration on public policies that promote fair, efficient, and transparent capital markets.”

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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