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Forex Forum Archive for 03/03/2020

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HK [email protected] 23:09 GMT March 3, 2020
Gold. Keep steady possible consolidation B4 moving to 1750.
Reply   
.
Around 1750 likely a long consolidation B4 moving higher. Eventually to 2200.

Two factors undermining stox.

1) Disruption by the Corona

2) No less significant, is the total mistrust(especially in the West) in the leadership in handling the spread of the disease.

Italy a selfish country in the middle of Europe, a center for spreading the disease.
It should impose itself into quarantine, and ask if necessary help from the world.
EU is a sinking boat.
Saving or reducing the sinking rate needs compartmentalization.

Seems they(EU leadership) are more horrified of compartmentalization than the disease.

Still they hope that by May it will go away.

In fact not only Italy but many other countries act the same,even people on personal level do not want quarantine center in their neighborhood.
Not thinking that they or relatives may need them too.

In such a Piglish world things may end bad.



Mtl JP 22:38 GMT March 3, 2020
Wednesday Amazing Trader 4 Mar 2020

anyone with juicing ideas from Asia session ?
tia

Israel MacroMicro 21:59 GMT March 3, 2020
Fed Cuts Rates

JP

bipolar guys run the FED :)

Mtl JP 21:48 GMT March 3, 2020
Fed Cuts Rates

mester
-------
Cleveland Fed's Mester: US outlook is 'highly uncertain' after rate cut
Yahoo Finance

Fed's Mester says coronavirus outbreak could weigh on U.S. economic growth - Reuters

Fed's Mester Says Rate Cut Should Help Offset Coronavirus Risks
Wall Street Journal

My wish for these clowns ... is better left unexpressed

dc CB 21:11 GMT March 3, 2020
Fed Cuts Rates

While Larry Summer's opinion has been repeatedly discredited over the years, he does bring up a valid point: why is the Fed wasting half of all of its ammo just to delay what is now an inevitable crash, and why scramble with an "intermeeting" cut when it could have jawboned for the next two weeks and waited until the regular March 18 FOMC meeting. If anything, it would at least eliminate the sense of Fed panic from the equation.

Instead, as it stands, "it smells like panic" as more than one Wall Street veteran put it. via ZeroHedge

IMHO: this is tooooo Stoopid to be Stupid.
'the game is afoot' A C Doyle--Sherlock Holmes

london red 21:02 GMT March 3, 2020
Fed Cuts Rates

geez mester is like a nagging wife, she never stops.

Mtl JP 21:02 GMT March 3, 2020
Fed Cuts Rates

ok, so 3K wins
SnP close 3,003.04

london red 21:00 GMT March 3, 2020
Fed Cuts Rates

enjoy while it lasts tho once it passes it means buy and hold back in game. so the lower the better. but im biased i cashed up all kinds from oct last year till early feb so heres hoping for lower lows!

Mtl JP 20:56 GMT March 3, 2020
Fed Cuts Rates

haha not for long
back sub 3k again

Israel MacroMicro 20:56 GMT March 3, 2020
Fed Cuts Rates

impossible not to enjoy while limits feel on 5 minutes candles as on daily candles not so long ago :)

london red 20:56 GMT March 3, 2020
Fed Cuts Rates

they are unbelieveable. let it fall it will stop 2100/2300/2600 then rally for 2 or 2 years str8 from there.

london red 20:55 GMT March 3, 2020
Fed Cuts Rates

mester talks qe mkt pops higher again

Mtl JP 20:53 GMT March 3, 2020
Fed Cuts Rates

battle for 3000 line raging
hope u enjoy and profit from the violence !

london red 20:49 GMT March 3, 2020
Fed Cuts Rates

profit taken. second half of chelsea liverpool now the main event.

Israel MacroMicro 20:46 GMT March 3, 2020
eurusd

exactly

young traders in the blender

dc CB 20:45 GMT March 3, 2020
Fed Cuts Rates

We now have the answer.

Who pushed PowPow's button

Guess

london red 20:42 GMT March 3, 2020
eurusd

s&p is about 12% off high but still 25% abv last years low. so in that context...

Israel MacroMicro 20:40 GMT March 3, 2020
eurusd

25% off the high of the previous 3 months

my way to calculate things

Tallinn viies 20:36 GMT March 3, 2020
eurusd
Reply   
crash is how much down? 20% YoY?

Israel MacroMicro 20:34 GMT March 3, 2020
Fed Cuts Rates

this market cannot crash before May the earliest

imo

dc CB 20:33 GMT March 3, 2020
eurusd

Tallinn viies 20:25
maybe after quarterly statements they notice it. maybe not. as FOMC already in with 50 pips cut.

So why bother with meet on the 17-18...Risk of CV is tooo great we R outa here voting Member note

Mtl JP 20:31 GMT March 3, 2020
eurusd

Jay's Monday Effect theory

Monday Effect.
It works best, for example, when the high (or low) is set early Monday, market tries to trade the existing trend (episode) on Monday-Tuesday and then starts to get squeezed some time on Wednesday into Thursday (and possible Friday) as the market moves farther away from that high (or low).


ps / adults know managing risk is their responsibility.

Israel MacroMicro 20:31 GMT March 3, 2020
Fed Cuts Rates

can't imagine experienced traders taking bearish bets until the FED after today's action from the FED.

being bearish positioned until the 18th area is wishful thinking more than strategic trading.

imo

london red 20:30 GMT March 3, 2020
Fed Cuts Rates

still no wick on the 5s JP thou we may get during this 5 min period to 35 past hour as opened at top of prev bar

Israel MacroMicro 20:27 GMT March 3, 2020
eurusd

eur/usd closing today under yesterday's high, I am bearish for the rest of the week. afterwards, will look further


Mtl JP 20:26 GMT March 3, 2020
Fed Cuts Rates

SnP
-
my price velocity metering gadget (measures incoming magnitude and direction of prices) is oscillating fairly rapidly. typically indicates vehement arguing , currently suggests sellers top buyers

good environment for fast scalping

Tallinn viies 20:25 GMT March 3, 2020
eurusd
Reply   
sp500 still ca +10% up YoY. most of the regular people even do not know that correction is going on. maybe after quarterly statements they notice it. maybe not. as FOMC already in with 50 pips cut. :)

AT Trader john 20:23 GMT March 3, 2020
Wednesday Amazing Trader 4 Mar 2020

Late Tuesday
DJ: -601
SP: -62.2

2-yr 0.668% -15.8
Spread 10s-2s +29.6 (+33.0)

10-yr
US: 0.964% -12.4
UK: 0.389% -0.1
DE: -0.639% +0.2

EURUSD MACRO TREND: POSITIVE
Spot Rate (Pivot Point)
EURUSD 1.1178 (1.1162)
GBPUSD 1.2797 (1.2794)
EURGBP 0.8733 (0.8437)
USDJPY 107.15 (107.55)

this week 1.1036-1.1212 (176) pips

tue: 1.1096-1.1212 (116)
mon: 1.1036-1.1090 (54)
fri: 1.0951-1.1053 (102)
thu: 1.0880-1.1006 (126)
wed: 1.0855-1.0909 (54)


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20-day avg: 1.0915
50-day avg: 1.1028
100-day avg: 1.1056
200-day avg: 1.1097

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london red 20:18 GMT March 3, 2020
Fed Cuts Rates

JP, early exit my own fault as no wick on 5s reasserted quickly and will exit on first wick on 5s

dc CB 20:15 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

Mtl JP 19:14 GMT 03/03/2020
some well defined and clear trading risk parameters
redlines

My 'secret sauce' lines...lol

london red 20:13 GMT March 3, 2020
eurusd

viies the 200wk ma is tgt if 2860 50% breaks. without some kind of cb intervention it will get there on a 2860 break. so its all about if those lows hold

Mtl JP 20:13 GMT March 3, 2020
Fed Cuts Rates

bingo 3030
-
last hour can be tricky

dc CB 20:09 GMT March 3, 2020
Fed Cuts Rates

Mtl JP 20:00 GMT

way better than Kudlow
Hire Him Donald...put him on the Team to fight The Virus.

london red 20:07 GMT March 3, 2020
Fed Cuts Rates

looks like that up blip is done.

Tallinn viies 20:07 GMT March 3, 2020
eurusd
Reply   
sp500 testing 100 week ema. it has been norm from 2008 crises that every second year market wants to lean on it for a while and then crawl up to higher bollinger. max downside since crises has been ca 200 week ema. I think all world would like to buy there :)

probably wishful thinking.

london red 20:01 GMT March 3, 2020
Fed Cuts Rates

they have a chnace at 3030 then 200dma.

Mtl JP 20:00 GMT March 3, 2020
Fed Cuts Rates

for entertainment value I like CNBC’s

Jim Cramer: I’m more nervous now than before the Fed’s rate cut

Israel MacroMicro 19:55 GMT March 3, 2020
Fed Cuts Rates

was busy LOADING
now FULLY loaded

indices

london red 19:50 GMT March 3, 2020
Fed Cuts Rates

JP re your s&p yes eventually but i feed with smaller spoon at look at 2954 first if channel breaks. in and out quick like a, well u know...

dc CB 19:48 GMT March 3, 2020
Fed Cuts Rates

red
since boj nows owns all nikkei efts

yes, . Add that to The 2 Days In March...as a precursor to today's US actions... or rather the US action straight on the heels of the BOJ...when the BOJ juiced the market (the Dow) up 1200pts on the First Trading Day.

good grief charlie brown --- how 'bad' is it?

was there a secret meeting --- like when LTCM imploded, or when They decided to sacrifice Bear and Lehman.....



london red 19:45 GMT March 3, 2020
Fed Cuts Rates

loss? they made 50 yards last year. ok mk to mkt so technically lower now. but still. nice money for not much work. print chf, sell vs usd. buy stocks. repeat. no wonder trump is pi$$ed.

Mtl JP 19:41 GMT March 3, 2020
Fed Cuts Rates

as a private outfit (for profit ?) how does / would the snb handle losses ?

london red 19:40 GMT March 3, 2020
Fed Cuts Rates

since boj nows owns all nikkei efts, maybe the fed can get them to start on spy. sorry i forgot snb owns half of US mkt already.

Mtl JP 19:39 GMT March 3, 2020
Fed Cuts Rates

red 19:27 their cut did work
for Gold bulls

dc CB 19:37 GMT March 3, 2020
Fed Cuts Rates



Mtl JP 19:27

the Sirens call.
Leonidas and the 255

london red 19:34 GMT March 3, 2020
Fed Cuts Rates

eurgbp bull hammer at the 200dma. a pop here calls eur north of 112. yen also stuck at key 107. feels pivotal.

Tallinn viies 19:33 GMT March 3, 2020
eurusd
Reply   
2-nd working day of the month and monthly range already 203 points. nicccee.
for example last year average trading range for the month was 249 pips.
so, as euro yesterday immideately jumped above previous week and previous month high TARGET yearly high at 1,1225 from january. if this taken out then lot of free space until previous year high at 1,1570. seem to me first signs that euro trying to reverse downtrend. but so far I still treat this move that yearly extreme will be made in 1-st quater. as previous year low taken out my downtrend doesnt change before 1,1570 last year high taken out.
first support previous day low. unitl this is not taken out target higher.

Mtl JP 19:31 GMT March 3, 2020
Fed Cuts Rates

"what shall we do?" hahaha
reminds me of "yes prime minister"

one thing that will NOT occur to to the collective is to step dis-appear and let market work things out on its own

what I want to know is when will they start bail-ins

dc CB 19:30 GMT March 3, 2020
Fed Cuts Rates

gallows humor

tweet

Mtl JP 19:27 GMT March 3, 2020
Fed Cuts Rates



red -- my artwork

london red 19:27 GMT March 3, 2020
Fed Cuts Rates

fed gang "what shall we do?" cut rates? yeah thatll work. hold on...

dc CB 19:22 GMT March 3, 2020
Fed Cuts Rates

Late nite movers
CandyDates from the Whitman Sampler...only thing left 'nuget' or some kinda cream filled.

Super Tuesday results.
Biden v Sanders

'I'll do anything you tell me to do' (been doin' that my entire career) VS Tear it all down - 'Castro was a great guy, hads some problems, but.

Mtl JP 19:22 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

maybe the FED gang would do best to let market find a bottom nexton its own

their meddling with price discovery (denying it) is one of the worst things they have been doing

london red 19:19 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

JP draw a channel from low to next low and that gives you what im talking about. a bit of respite it they hold. if they do not, it will get ugly.

london red 19:15 GMT March 3, 2020
Fed Cuts Rates

yeah well, u know how this turns out CB. hourly close for s&p at 2985 or higher gives it a chance as stays within channel. but whole move off lows now likely a flag for lower so eventually that channel gives way.

Mtl JP 19:14 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020



some well defined and clear trading risk parameters
for the SnP500
the red lines

dc CB 19:07 GMT March 3, 2020
Fed Cuts Rates

dc CB 16:22
banks submittted 21.4bln in moring POMO round..
so today, just using the numbers from the ASK column.
REPO 1 - 108.6bln
REPO 14day - 70.95bln
200.95 Bil
Oh and the 50bps Rate Cut

Just done afternoon POMO 5.22Bln Asked

March 3 2020 - "more please" total --- down on your knees Hank Paulson, ON YOUR KNEES. (Nancy Pelosi, 2008)
206.17Billion USDs

AT Trader john 19:06 GMT March 3, 2020
Wednesday Amazing Trader 4 Mar 2020
Reply   

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

Wed 4 Mar 2020
Final Service PMIs all day
A 13:15 US- ADP Payrolls
AA 15:00 CA- BOC Decision
A 15:30 US- EIA Crude
A 19:00 US- Beige Book
Thu 5 Mar 2019
A 13:30 US- Weekly Jobless
A 13:30 US- Productivity
Fri 6 Mar 2019
A 13:30 US/CA- Employment
A 13:30 US/CA- Trade

Mtl JP 19:03 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

LoD sofar 2996.75
and holding by skin of a tooth

london red 18:57 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

the 10 below 1% and the s&p about to crack 3k. yes im sure that what they had in mind with 50bpd cut. and they get paid for this. s&p now risks 2600 if 2860 50% fib taken.
yen at 107 a big lvl was defended by boj a big lvl if popped and held on close

Mtl JP 18:54 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

below s a typo: 0.986 current

Mtl JP 18:53 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

0.0091%
-
at what point will banks start bail-in s ?

AT Trader john 18:52 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

DJIA -767
SP -81.5

Mtl JP 18:49 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

10-yr 0.996%

dc CB 18:47 GMT March 3, 2020
mkt

It’s a turnaround jump shot
It’s everybody jumpstart
It’s every generation throws a hero up the pop charts
Medicine is magical and magical is art
Thinking of the Boy in the Bubble
And the baby with the baboon heart
(Paul Simon 1986)

https://www.zerohedge.com/health/chinese-architect-suggests-walking-around-bubble-literally-avoid-coronavirus

China --- advanced Covid Masks

AT Trader john 18:43 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

10yr yield is now just a hair below 1.00%.

Mtl JP 18:42 GMT March 3, 2020
Fed Cuts Rates

there is going to be BIG money made off the FED gang

U.S. 10 Year 1.006%

Last Updated: Mar 3, 2020 1:39 p.m. EST

Mtl JP 18:36 GMT March 3, 2020
Fed Cuts Rates

somebodies been reading and now aping my 16:56 post:

01:07 Here’s what history says about stock-market performance in past instances when the Fed delivers an emergency interest-rate cut
- MarketWatch
01:03 The Fed Cut Interest Rates in a Surprise Move. History Shows It Wasn’t Much of a Surprise.
- Barron's Online

Minneapolis DRS2 18:11 GMT March 3, 2020
mkt

State secret? Nah...too many people actually making masks for it to be a secret.

For example...650 employees at a 3M plant in Aberdeen, South Dakota. And they are not the only ones...add Honeywell, Kimberly-Clark and a bunch of others, with multiple factories.

Mtl JP 18:08 GMT March 3, 2020
mkt

eurchf
where do u think this puppy is mowzying next ?
tia

london red 18:03 GMT March 3, 2020
mkt

snbs maechler says world flooding with savings but little will to invest those savings... well they can talk, they have hundreds of billions sitting in US stocks rather than doing good somewhere else back home.

Mtl JP 18:00 GMT March 3, 2020
mkt

ab 17:17 that is probably a strategic state punishable secret

fwiw I asked my car parts dealer what he had for masks (in supplies for body shop) and about N35 he said how many boxes u want

Minneapolis DRS2 17:46 GMT March 3, 2020
mkt

The United States of America

hk ab 17:17 GMT March 3, 2020
mkt
Reply   
Which country produces the largest number of reliable masks? ....

Mtl JP 17:09 GMT March 3, 2020
Fed Cuts Rates

this was a RTRS headline 16hrs ago

Top central banks appear primed to act to combat coronavirus risk
(Reuters) - The world’s top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair Jerome Powell late last week. ../.

Mtl JP 17:05 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020



eur 1.1162
------------
zig zag trading
must be quick
no trigger-ritiss

Mtl JP 16:56 GMT March 3, 2020
Fed Cuts Rates



DJIA -380
lets see how stocks close
-
way to go Powel & gang !!

emergency cut ... inter-meeting ...
historically not a success

AT Trader john 16:51 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

10s 1.028% -0.6bp

DJ -410
SP -35.9

dc CB 16:50 GMT March 3, 2020
Fed Cuts Rates

Gov. Cuomo Confirms 2nd Covid-19 Case In New York
Patient No. 2 is a Westchester lawyer from New Rochelle who commuted into Manhattan for work every day and recently visited Miami..

Mtl JP 16:47 GMT March 3, 2020
Fed Cuts Rates

next:
04/03/20 15:00 AA CA Bank of Canada 1.75% 1.75%

london red 16:41 GMT March 3, 2020
Fed Cuts Rates

Fs, reaction low after rate cut was 11140 the daily channel so while it holds euro may stay supported. abv 11175/80 tgts 112 then big stops over 11239. much depends on stock also there may be a switch where euro begins to trade down on risk off hence need for tight stop.

dc CB 16:41 GMT March 3, 2020
Fed Cuts Rates

yeh that's it...we're down to the 22LR loads.

How many "bullets" left?

PAR 16:36 GMT March 3, 2020
Fed Cuts Rates

Lawyers are lousy central bankers.

Trump should have known ha he has used plenty of lawyers in his business dealings.

Minneapolis DRS2 16:36 GMT March 3, 2020
Fed Cuts Rates

The time to have sold "for now" was at 1200, to take advantage of short term profit taking. You could sell now, but with the caveat that price might jump up a bit first. There are still a few stops above 1200.

Kl Fs 16:29 GMT March 3, 2020
Fed Cuts Rates

So sell euro rallies on fed cut day?

hk ab 16:26 GMT March 3, 2020
Gold
Reply   
In HK, there are some London Gold Girl on internet and social media who lured idiots money for "investments"

I encountered one and pretend to ask her for "views"...

She told me a bunch of nonsense and bragged that "sell" is right.....

From that second, I knew a big upmove is coming.

Now, they are screaming "buy" because of the rate cut......

FWIW, JIMVHO.

PAR 16:24 GMT March 3, 2020
Trump's Rate Cut
Reply   
Russian Rubble and Russian metal tycoons the biggest winners. Will they buy Trump's real estate developments?

Paris ib 16:23 GMT March 3, 2020
Iran temporarily frees 54,000 prisoners to combat spread.

In my experience these types of measure happen in a prelude to some kind of planned chaos. They are never a good idea. Reminds me of when Saddam Hussein released prisoners just before the U.S. attack.
What followed was a crime wave in Iraq which kept the populace bewildered and afraid even before the war started.

Bad omen, don't know of what.

The precedent

dc CB 16:22 GMT March 3, 2020
Fed Cuts Rates

meanwhile,
banks submittted 21.4bln in moring POMO round..

so today, just using the numbers from the ASK column.
REPO 1 - 108.6bln
REPO 14day - 70.95bln

200.95 Bil

Oh and the 50bps Rate Cut

hk ab 16:18 GMT March 3, 2020
gold
Reply   
I didn't see any one buying with me under 1600......

Now, I don't see many take profit with me around 1640......

:) We will tell soon.

Minneapolis DRS2 16:13 GMT March 3, 2020
Fed Cuts Rates

CB Maybe it's because I'm in a largely rural area, but I kindly suggest that the Rabobank writer is being too melodramatic?

If interest rates become too onerous, then the residents where I live will do what the politicians and bankers have feared ever since the 1920s...they will withdraw from the system and conduct business among themselves.

Business will continue, WITH OR WITHOUT THE BANKS. Let them destroy themselves. The people will do just fine.

PAR 16:07 GMT March 3, 2020
Italian Yields
Reply   
Italian 10 y drop from 1.20 to below 1%.

Targeted measures?

dc CB 16:06 GMT March 3, 2020
Fed Cuts Rates

Chair Powell:

Answer this first, key question: what level of interest rates is required to incentivize you to risk the death of yourself and your family?
I am sure that there are policy wonks out there who believe they can correctly capture that precise equilibrium level on monetary policy. The point is that lower rates don’t help in this situation at all.
If demand is destroyed by people bunkering down at home for weeks, and supply chains being disrupted, all lower borrowing costs can do is help tide businesses over if banks agree to extend loans and credit cards, etc. (as China is already now doing) – and all that does paint us further into the corner we are already in

Rabobank: What Level Of Interest Rates Will Incentivize You To Risk The Death Of Yourself And Your Family

HK [email protected] 16:06 GMT March 3, 2020
Iran temporarily frees 54,000 prisoners to combat spread.
Reply   
.
I think not for humanitarian reasons, but to beat down the masses in case of severe unrest.

Dirty people for dirty jobs.

HK [email protected] 15:57 GMT March 3, 2020
Keep 10% means you were 90% wrong.
Reply   
.
Any buy below 1600 was a gift.

HK [email protected] 15:55 GMT March 3, 2020
Gold
Reply   
.
If consolidates around current level for few days crossing 1700 is next.

Hk Ab 15:50 GMT March 3, 2020
Gold
Reply   
Keep 10%

Hk Ab 15:47 GMT March 3, 2020
Gold
Reply   
Tighten to $10 under day high

dc CB 15:41 GMT March 3, 2020
Fed Cuts Rates

Press conference at 16:00 GMT.....

so the presser is at the same time that THE DESK anncs the ASK amts for today's FIRST POMO. In progress as I write.

How many times Oversubscribed will it be ---- (in a POMO operation the Banks Offer Treasuries for CASH from The DESK.)---The payout is Limited to 7.5Bln

USA ZEUS 15:40 GMT March 3, 2020
EUR/CAD
Reply   
EUR/CAD shorts initiated at 1.4927

Cheers!

AT Trader john 15:40 GMT March 3, 2020
Fed Cuts Rates

New Fed target range 1 to 1 1/4% from 1 1/2 to 1 3/4. Rate cut had been expected, but not this soon.

HK [email protected] 15:39 GMT March 3, 2020
Too much free mad money around markets.
Reply   
.
Only PPT buys stox. The rest will wait, or continue running for the exits..

london red 15:38 GMT March 3, 2020
RISK OFF

11175/80 is sup they struggled there so now a natural pivot

Minneapolis DRS2 15:37 GMT March 3, 2020
RISK OFF

Whatever the case may be, demand is there...now let's see where price really starts to go down...I could see EUR/USD 1.1200 if we follow the existing trendline, but I could also see price moving up to the 1400-1500 range first.

Mtl JP 15:37 GMT March 3, 2020
RISK OFF

remember soldmanygaff's demand ?
insiders usually know
ahead of the peasants

Hk Ab 15:37 GMT March 3, 2020
Gold
Reply   
Trail move up to under 1625.

Zeus san, any thoughts on gold?

HK [email protected] 15:36 GMT March 3, 2020
1655????
Reply   
.

london red 15:34 GMT March 3, 2020
RISK OFF

drs2, stocks demanding more free money!

USA ZEUS 15:31 GMT March 3, 2020
EUR/USD
Reply   
EUR/USD shorts initiated at 1.1202

Cheers!

Hk Ab 15:26 GMT March 3, 2020
Gold
Reply   
Put a safe stop under 1620, just in case if a strong unwinding of carry

Minneapolis DRS2 15:21 GMT March 3, 2020
RISK OFF

Keep in mind that these price jumps are largely because of actual demand (not speculation)...in other words, somebody or something is demanding funds RIGHT NOW.

PAR 15:18 GMT March 3, 2020
RISK OFF
Reply   
What does the FED know that we don't know? Powell is panicking.

london red 15:16 GMT March 3, 2020
Dowj

watch what happens when they go under 200dma on s&p. this can be a v bad day for them.

dc CB 15:16 GMT March 3, 2020
Fed Cuts Rates

this is not good.
unless they were freaked by the surge in REPO today or the Numbers to come from the CDC...

They pulled the trigger way too soon...it's only the 2nd trading day of March.

london red 15:15 GMT March 3, 2020
Dowj

dumb move. why dont they just consult me. would save a lot of time and money.

Hk Ab 15:11 GMT March 3, 2020
Dowj
Reply   
Have a gut feeling that the dowj will collapse after the cut

london red 15:11 GMT March 3, 2020
Fed Cuts Rates

s&p hovering around 50% retracement of drop by 3125. euro stuck at formidable res/sup/magnet 11175/80. a pop higher towards barrier suggests a move even higher if stocks give up gains. what are the odds of -ve s&p today?

Hk Ab 15:09 GMT March 3, 2020
Goldl
Reply   
Feel so good.... :)

PAR 15:08 GMT March 3, 2020
Fed Cuts Rates

The situation must be really bad. The cut comes too early to help Trump?

Will need more cuts.

Mtl JP 15:08 GMT March 3, 2020
Fed Cuts Rates

President Trump RULES ?
rofl

GVI Forex 15:06 GMT March 3, 2020
Fed Cuts Rates
Reply   
Fed cuts cuts rates by 50BP

Press conference at 16:00 GMT

Mtl JP 15:05 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

EUR 1.1124
-
puppy is currently stuck between 1.1150 // 1.1175/85 on top and
200day ma (and 1.10) at bottom

Bias-wise I am currently ambivalent.
IF I have to chose a side I d say the 200day is stronger than weak i.e. should hold on first test

PAR 15:03 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

Mtl.

France, Greece, Italy, Portugal and Spain with the help of Draghi have already spend German savings a couple of times. German savings could be an illusion.

london red 15:02 GMT March 3, 2020
surprise cut by fed. faded. they are early and likely mkt will show it.

london red 14:57 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

odds? for years they have done nothing on fiscal front. but watch euro. insiders will always know and act first. but after a move higher reality will bite as always, so use big gains to set up for multi week drops.

Mtl JP 14:53 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

red 07:44 in view of the mutual love between lagarde and german, what odds u give of an announcement by the german of some spending increases ? tia

london red 14:51 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

funny how every so often DB rallies but nothing ever materially changes. new lows new lows. until rates in europe go up.

dc CB 14:46 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020



heard at the Water St Starbucks:
'deutch, deutch, your quadruple espresso is up. deutch deutch

dc CB 14:39 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

FYI
this round of REPOs and POMOs --- the dates and the MAX amts ends next week on March 10.

The DESK will put out the next round's parameters after Mar 12, which is of course before the FOMC meet-up.

Be of interest to see if THE DESK halts or reverses the 'weaning' path it decided to take --- BCV (BeforeCoronaVirus)

dc CB 14:29 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

From the Juice Bar:

REPOs done this morn.
Single day - 100Bln
14 Day - with a MAX of 25Bln 'da banks wanted 70Bln.

TWO yes 2 POMOs today.
7.5bln - 10:30-11:00AM
2.25Bln - 1:30 -2:00PM

Mtl JP 14:28 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

red 13:12 similar can be said about FED gang's "emergency" rate re-action psychosis. I call it The Spotted Dog.

Paris ib 14:26 GMT March 3, 2020
disney

Indeed it did, good for you for keeping a calm head in all this noise :-)

Israel MacroMicro 14:12 GMT March 3, 2020
disney

ib

EUR/AUD turned into nice film :)

Mtl JP 13:54 GMT March 3, 2020
Winners and Losers

winners and losers
--------------------
08:49 UPDATE: Inovio speeds up development of coronavirus vaccine, plans human trials in U.S. in April
08:49 Inovio shares soar 25% premarket
- MarketWatch

I am not sure how one speeds up things biological

PAR 13:50 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

If you want German to spend, raise real rates into positive territory and they will spend what they earn on their gigantic savings. Simple comme bonjour.

PAR 13:50 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

If you want German to spend, raise real rates into positive territory and they will spend what they earn on their gigantic savings. Simple comme bonjour.

Mtl JP 13:40 GMT March 3, 2020
john 13:03 so lets send stocks into the TOILET

london red 13:12 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

ecbs kazimir says ready to act but no need yet to act. thats one leg of 4 legged chair gone. or it may be a stool, a 3 legged one, in that case...

AT Trader john 13:03 GMT March 3, 2020
nothing of consequence from G7 so far. Mostly vague promises.

london red 12:57 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

forget all you know. put rates up back to positive and cost of business goes up then inflation goes up to 2%. bingo. but thats not what they want.

Mtl JP 12:51 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

PAR what is wrong - if anything - with "Negative nominal and real rates are destroying the European economical and political model." ? - ie the destroying part ?

london red 12:49 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

JP, its too early. they cut today or tomorrow and then friday sees a bumper nfp. cos its old data but then early march you get real softer data. so they cut again?
best to wait for softer data and then cut. maybe. or maybe in that time it blows over or at least you can see an end to it at some point in future, which is enough for business and mkts.

Belgrade Knez 12:48 GMT March 3, 2020
Suggestion to GV admin
Reply   
when one is replying to some post it doesn't show to exactly which post is referring to unless manually specify name/time of the said post.
Hence, my suggestion is when hit "Reply" to not enclose only subject of the post but somehow specify exactly to whom it's replying.

Mtl JP 12:30 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

red 12:20 w/that u r confirming my perception of CB's communications:
feeding mushrooms (feeding sh!t while keeping 'em in the dark)

london red 12:20 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

fwiw mkt is 300 pts off high could be 250 later today. not sure fed is going to be boxed into 50bps cut or even cut at all. ecb isnt going to do anything and uk says it can do coordinated but knows ecb isnt playing ball so no coordinated (saying yes but knowing you don't have to do it).

Mtl JP 12:18 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

shawn 08:55 you got that ? (08:58, 09:01)

PAR 11:58 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

As long as the ECB is taxing European banks and European citizens with negative real rates, amounting to billions and billions of Euros, Lagarde should shut up about expansive fiscal and monetary policies.

Negative nominal and real rates are destroying the European economical and political model.

The situation looks similar to Europe between WW1
and WW2.

AT Trader john 11:51 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

waiting for G7 plan at the top of the hour. Key could be the specifics.

Israel MacroMicro 11:37 GMT March 3, 2020
CL / WTI

risk free further with $5.01 in the pocket
will refill on dips

SaaR KaL 11:36 GMT March 3, 2020
USDJPY wants 110.5
Reply   
I am Buying

SaaR KaL 11:34 GMT March 3, 2020
EURUSD
Reply   
Bye Bye EurUSD
Hello GBPUSD

SaaR KaL 11:27 GMT March 3, 2020
GBPJPY wants 148
Reply   
I am buying from 137.5

Paris ib 11:12 GMT March 3, 2020
The Beer Virus

While the authorities are milking this for all they can:

- getting protestors off the streets
(goodbye Yellow Vests, Hong Kong democracy protestors and Wuhan clean air protests)
- convenient blame for economic downturn
- increased surveillance and control all round

How long before we have permanent travel restrictions?

Some doctors (and cooler heads) provide more sobering information:

"He points out that more than 80 per cent of people infected will have only mild cases, or show no symptoms at all."

Not as much fun as running around screaming with your hands in the air (Italians love that.... then they turn to fascism pronto as the solution) but useful if you do not want to lose your mind entirely.

Bravo Trump, once again. :-)

Funny old world, eh?

Some less hysterical news

PAR 11:08 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

The recent extreme nature of market moves may raise questions about the rational market hypothesis. Investors yesterday cheered the idea of a G7 finance minister and central bank conference call on the coronavirus. Australia and Malaysia both cut interest rates overnight. Policy support is a good idea. Taking rates more negative (i.e. raising taxes on banks and savers) may not be

Lagarde = Paroles, paroles, paroles

SaaR KaL 10:56 GMT March 3, 2020
SP500 Bullish
Reply   
from here 2900 to 3390 next 20 days
3390 south to 3000 area
north 3220...south to 3000
30 weeks

SaaR KaL 10:41 GMT March 3, 2020
EURUSD shorts
Reply   
1.1150 target near 1.0800

SaaR KaL 10:36 GMT March 3, 2020
cable legs
Reply   
from 1.2745
wants 1.3360 down to 1.24
up to 1.31
down to 1.2
all this into the next 30 weeks

AT Trader john 10:05 GMT March 3, 2020
BREAKING NEWS

Eurozone flash HICP (CPI) February 2020





ALERT
Headline
yy: 1.10% vs. 1.10% exp. vs. 1.10% prev.
CORE
yy: 1.20% vs. 1.40% exp. vs. +1.40% prev.



london red 09:53 GMT March 3, 2020
BREAKING NEWS

euro. break of 200dma runs stops to 11088 sup.

london red 09:51 GMT March 3, 2020
BREAKING NEWS

s&p. Topside and bottom markers today 50% retrace at 3125 and 200dma by 3048. If mkt closes abv topside risk will be back on in a big way. You would expect mkt to test yesterdays broken 200dma at least one and hold at least once for a run at 3125. If they tap 3125 esrlier on you may see that faded into the day. Better for mkt if run up is later rather than earlier.

AT Trader john 09:33 GMT March 3, 2020
BREAKING NEWS

Construction PMI February 2020




-- NEWS ALERT --

52.6 vs. 49.0 exp. vs. 48.4
prev.



AT Trader john 09:19 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

Early Tuesday
DJ: -22
SP: -3.3

2-yr 0.818% +4.9
Spread 10s-2s +33.0 (+26.5)

10-yr
US: 1.148% +6.0
UK: 0.427% +0.2
DE: -0.605% +1.5

EURUSD MACRO TREND: POSITIVE
Spot Rate (Pivot Point)
EURUSD 1.1108 (1.1117)
GBPUSD 1.2770 (1.2784)
EURGBP 0.8698 (0.8685)
USDJPY 107.95 (108.14)

this week 1.1036-1.1139 (104) pips

tue: 1.1104-1.1139 (35)
mon: 1.1036-1.1090 (54)
fri: 1.0951-1.1053 (102)
thu: 1.0880-1.1006 (126)
wed: 1.0855-1.0909 (54)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.0909
50-day avg: 1.1027
100-day avg: 1.1054
200-day avg: 1.1097

Global-View Daily Trading Chart Points





HK Kevin 09:07 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

Should be 1.1063, 1.1106 and 1.1168

HK Kevin 09:03 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

3 pivotal chart points in my mind 1.1063, 1106 and 1.1168 to watch

Minneapolis DRS2 09:01 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

And "right now" means RIGHT NOW. Not tomorrow, not a year later or when someone puts up a DX chart. I mean...sell RIGHT NOW.

AT Trader john 09:00 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

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

Tue 3 Mar 2020
AA 04:30 AU- RBA Decision
AA 10:00 EZ- Flash HICP
Wed 4 Mar 2020
Final Service PMIs all day
A 13:15 US- ADP Payrolls
AA 15:00 CA- BOC Decision
A 15:30 US- EIA Crude
A 19:00 US- Beige Book
Thu 5 Mar 2019
A 13:30 US- Weekly Jobless
A 13:30 US- Productivity
Fri 6 Mar 2019
A 13:30 US/CA- Employment
A 13:30 US/CA- Trade

Minneapolis DRS2 08:58 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

I'm clueless enough to know that I can't predict how the market is going to turn, so I don't. All I know is that price is going down right now, which means traders are selling right now...so that's what I do. Follow the movement down right now for as much profit as I can get, and escape with stops if price goes the other way.

kl shawn 08:55 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

what kind of trade call is that? if clueless, stand aside

Minneapolis DRS2 08:42 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020

So here's a trade call for you...sell EUR/USD right now.

Then when price starts its run up...go ahead and buy.

london red 08:34 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

yup that 200dma decisive. game over under 11050. topside reaffrimed abv 11139

Paris ib 08:23 GMT March 3, 2020
disney

Love it!

How to plan and execute a robbery while having fun
How to kill
How to marry up while working as a prostitute
How to live as a pimp...

Going for the position of public enemy sir?

Mtl JP 08:22 GMT March 3, 2020
Tuesday Amazing Trader 3 Mar 2020



some might, might nots
postulation is not a trade call
---
03:11 Trump praises Australia interest rate cut, urges ‘big’ easing by the Fed
02:03 U.S. stock futures slip after report G7 coronavirus effort may disappoint
- MarketWatch

Donald J. Trump
@realDonaldTrump
·
1h
....paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!

Donald J. Trump
@realDonaldTrump
·
1h
Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us....

Sydney ACC 08:08 GMT March 3, 2020
NZ Treasury: Coronavirus hit could last quarters
Reply   
The global spread of coronavirus could have a substantial effect on New Zealand's economy for several quarters, according to the country's Treasury.

"The situation is evolving rapidly," the department said Tuesday in a monthly assessment of economic developments.

"The global spread of the virus is increasing the risks of a substantial negative impact that persists for several quarters," it said.

The Treasury, which is the key economic and fiscal adviser to New Zealand's government, said it is working with other agencies to assess the economic consequences of the epidemic.

New Zealand officials, including from the central bank, have previously said the virus could have a short and sharp economic impact followed by a second-half rebound.

Minneapolis DRS2 07:58 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

For now, EUR/USD might just be range trading. It's selling right now and might even dip below 1.11 for a bit, but mentally preparing for a move towards 1.12 is a good cautionary measure.

Mtl JP 07:53 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

EUR 1.1117
-
200 day 1.1097 = S
and blocking more down for now

london red 07:44 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

lagarde wont do $hit, they brought her in to end negative rates. she hates the germans and wants them to spend, thats her job. to get them to spend.
euro is at risk closed under channel of 11138 yest, they need to clear 11175/80 or going down.

PAR 07:42 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

What about new NPL' s ?

HK Kevin 07:14 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA

ECB President statment: We stand ready to take appropriate and targeted measures, as necessary and commensurate with the underlying risks.
From the perspective of communications, what did she want to say?

PAR 05:44 GMT March 3, 2020
ECB LAGARDE PONZI MAFIA
Reply   
Does Lagarde not work on Mondays?

What a strange timing and strange statement by the ECB late Monday night when all world markets where closed and nobody paid attention.

What are " targeted measures"?

More ECB taxes on European banks and savers?

After a week of downplaying the Coronavirus, after a weekend of partying in Paris, ECB Lagarde seems to have changed her mind.

Let's see which rabbit she gets out of her magic box.

Hk Ab 01:10 GMT March 3, 2020
Gold
Reply   
Time to take some off the table, bought too much

 




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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