Israel MacroMicro 22:18 GMT December 14, 2020
Technical Trader Challenge 2021
where JP got his ballet lessons near the red square
it is USD/RUB if my memory is right :)
lakewood jjlkwd 20:55 GMT December 14, 2020
USD/CAD
fib levels from rise of 1.2993-1.3419 has a 1.618 level at 1.2730... 12/10 low was 1.2706 with close at 1.2737.... since then 4hr and 1hr techs are showing upward potential back to 1.2993, still not negating overall downmove with targets below 1.2737
Mtl JP 18:24 GMT December 14, 2020
this is good one...
this is good one ...
-
today, starting at 13:00, after incessant gov't propaganda pictures of various workers delivering and receiving phiser vaccines, two old age homes are starting to inject some of its elderly occupants under great gov't phamphare.
the apparent blemish on the story is that 60% of the professionals working in the old-age homes are refusing to get in line for the injection themselves.
commented some dude holding a microphone: "unfortunately, there is no law compelling compulsory vaccination"
Israel MacroMicro 15:57 GMT December 14, 2020
USD/CAD
more like 12660 STOP for longs 12720 and lower
Toronto KH 15:42 GMT December 14, 2020
USD/CAD
Micro, did you mean 1.2760?
lakewood jjlkwd 15:25 GMT December 14, 2020
Gold
1814,1805,1767. 3 levels of support
london red 15:24 GMT December 14, 2020
GBP
london going into tier 3 towards end of week not helping. but has been no follow thru to wknd brexit news either. folks are hesitant. u are faced with a big drop if u are wrong. its its tradeable but uninvestable right now.
lakewood jjlkwd 15:20 GMT December 14, 2020
Gold
total disconnect from usd which means lower prices..hasent been this low since 12/2.
Mtl JP 15:14 GMT December 14, 2020
GBP
GBP 1.3350-ish
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seeing as puppy could not blast to 1.35 and turned tail at 1.3450-ish
and seeing puppy under 1.34 ...
odds are puppy will close the gap next before it does anything else, like run back N of 1.34/1.3450
Johannesburg Hercs 14:54 GMT December 14, 2020
Gold
How about the Weekly OPEN?
Hk Ab 14:34 GMT December 14, 2020
Gold
Reply
Many funny biz for this baby at 1838
Israel MacroMicro 13:56 GMT December 14, 2020
USD/CAD
Reply
I wonder how touchable is 1.2660 for today and maybe longer
GVI Forex 13:28 GMT December 14, 2020
GBP
Johnson said a short while ago that no deal is possibl;e, gaps remain, time is short but he is hopeful.
Israel MacroMicro 13:04 GMT December 14, 2020
GBP
now it is bullish, buy the dips classic.
sub 1.3100 to surprise much more than + 1.3600 for now
London Trader 12:23 GMT December 14, 2020
GBP
So far we have heard hints of progress from the EU side. Gap up in gbp today should send many to sidelines waiting for the outcome.
Hk Ab 12:21 GMT December 14, 2020
GBP
Just like kwun, we can always “rebuy” at dream lvl, like 1.33 LOL.
Moment like this needs fast finger
USA ZEUS 11:38 GMT December 14, 2020
GBP
Thanks Red. Agree with your points about Brexit and where the risks are within the capital markets.
Cheers!
london red 11:33 GMT December 14, 2020
GBP
lets hope your taste for a profit is still there, get well soon!
i simply dont like sterling because of the no deal overhang. structurally i like the story but i prefer to purchase lower and the brexit risk is too big a potential drop to rule out. i have a weighting in uk stocks and so have some exposure that way but ready and willing to pile in on no deal if it comes about.
USA ZEUS 11:29 GMT December 14, 2020
GBP
I'm selling GBP on rallies. I see no upside and the risk is a lot lower.
Also doing this while being infected from Covd-19. Strange one it is. Very much like the flu only now all taste is gone.
Cheers!
Mtl JP 10:54 GMT December 14, 2020
GBP
also andrew - "No-deal Brexit worse for UK economy than Covid" - bailey
london red 10:07 GMT December 14, 2020
GBP
nobody is spooked by brexit but the media. a clean break for the uk means higher sterling in 24 months. much much higher. but a no deal will need to be marked down to clean out long positions. so cable 120 and eurgbp aprity would print. todays bounce is because they agreed to extend the deadline from sunday. however boris said no deal is still likely. the only reason deadline has been extended is down to optics. neither side wants to be the one to walk away and be blamed back at home. this is what it is about, there has been no progress for months! the eu will need to walk away first as the uk is able to pass any deal even the day before xmas. for the eu, it needs more time. i would guess this coming sunday at latest, otherwise all eu parliaments will not have time to ratify.
Jkt Abel 09:56 GMT December 14, 2020
GBP
Hk ab, no use calling for 1.5-1.6 and you are out all at 13360 already! But i agree with bullish cable scenario. All the world and their mamma got spooked by endless brexit fear propaganda and yet price goes up. 1.38 next
PAR 08:38 GMT December 14, 2020
Tenfold Risk On
Reply
1. The US start vaccinations today
2. Brexit makes progress
3. Lower US dollar boosts profits of US corporations
4. A new US stimulus plan will be agreed
5. More fiscal stimulus worldwide
6 More monetary stimulus worldwide
7. More M&A worldwide
8 Unseen demand for ETF's
9 A unseen number of Wall Street stock upgrades
10. Corona is leading to more digital revolution.
london red 07:57 GMT December 14, 2020
GBP
sterling is on on extension, nothing else. as per barnier, disagreement still on state aid, backtracking on fishing...
boris said over wknd no deal still most likely outcome
hk ab 07:45 GMT December 14, 2020
GBP
Reply
welcome 1.5-1.6
hk ab 07:41 GMT December 14, 2020
GBP
Reply
Where are those bears?
dc CB 00:02 GMT December 14, 2020
Weak ahead.
Reply
file under: 'I don't read ZeroHedge.
Former Glodman Sachser, New Jersey Gov. Phil Murphy says: “the next number of weeks are going to be hell, I fear, so we’re begging with people to please, please, please don’t ''
Don't what?
Liquidate.
Lock-U-Down/Covid Consequences....
aka We Be Broke--NINH---No Income No Hope.
_____________________________________________
to Larry McDonald's Bear Traps Report, could open the floodgates to 401K selling, leading to a "selling deluge."
As McDonald writes, buried deep in the CARES Act (the Corona Aid, Relief and Economic Security Act) which was enacted on March 27, 2020, and provided $2.2 Trillion of fiscal stimulus to offset the impact of the coronavirus on the U.S. economy, "is a clause that gives temporary flexibility on early withdrawals from retirement accounts. These temporary changes to the rules give more leeway to make emergency withdrawals from tax-deferred retirement accounts without incurring a penalty."
Specifically, Section 2022 of the CARES Act eliminates the 10 percent early withdrawal penalty if you are under the age of 59 ½ and withdraw up to $100,000. It also allows for the spread out of your income tax liability over three years rather than the same year you withdraw the money. And since the window to make these penalty-free early withdrawals closes by the end of 2020, millions of cash-strapped households may have no choice but to sell tens, if not hundreds of billions in passively-managed funds to take advantage of this one-time offer to avoid a 10% early withdrawal charge.
https://www.zerohedge.com/markets/here-little-known-cares-act-provision-could-trigger-year-end-selling-deluge
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