Forex Forum Archive for 05/02/2020

AT Trader john 20:44 GMT May 2, 2020
Monday Amazing Trader 4 May 2020

LATE FRIDAY
DJ: -494
SP: -65.7

2-yr 0.202% +1.4%
Spread 10s-2s +43.0 bps (+42.0 bps)

10-yr
US: 0.632% +0.7
UK: 0.242% -0.5
DE: -0.581% +0.5

EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.0978 (1.0977)
GBPUSD 1.2492 (1.2527)
EURGBP 0.8786 (0.8758)
USDJPY 106.81 (106.94)

This Week 1.1018-1.0810 (208 pips)
fri: 1.1018-1.0935 (83)
thu: 1.0972-1.0835 (137)
wed: 1.0886-1.0817 (57)
tue: 1.0890-1.0810 (75)
mon: 1.0859-1.0811 (48)


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20-day avg: 1.0871
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100-day avg: 1.1003
200-day avg: 1.1032

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Mtl JP 16:53 GMT May 2, 2020
Baker Hughes Rig Count
Reply   
Baker Hughes reported on Friday
-
that the number of oil and gas rigs in the US fell again this week by 57, falling to 408, with

the total oil and gas rigs sitting at 582 fewer than this time last year

AT Trader john 16:06 GMT May 2, 2020
Monday Amazing Trader 4 May 2020
Reply   

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

Mon 4 May 2020
Final Mfg PMIs all day -- some
Tue 5 May 2020
AA 04:30 AU- RBA Decision
Final Service PMIs all day -- Some
A 08:30 GB- Construction PMI
A 12:30 US/CA- Trade
Wed 6 May 2020
Final Service PMIs all day -- Some
A 12:15 US- ADP Payrolls
A 14:30 US- EIA Crude
Thu 7 May 2019
AA 11:00 GB- BOE Decision
A 12:30 US- Weekly Jobless
A 12:30 US- Non-Farm Productivity
Fri 8 May 2019
AA 13:30 US/CA- Employment

haifa ac 15:51 GMT May 2, 2020
Truck Sales
Reply   


ISABELNET @ISABELNET_SA

🇺🇸 US Heavy Trucks Sales Fell in March to 382K

Historically, before recessions and bear markets, heavy truck sales peak and then decline 👉 https://www.isabelnet.com/?s=recession #trucks #recession #recessions #markets #investing $spx #economy #economics

haifa ac 15:49 GMT May 2, 2020
Warren Buffett
Reply   
Warren Buffett's Berkshire Hathaway has $137 billion in cash, up $10 billion from the end of 2019, it reported Saturday. The company reported more than $50 billion in unrealized stock losses, but still had a quarterly operating profit of nearly $6 billion.

Why it matters: "That’s a contrast to the financial crisis in 2008, when his Omaha-based company dipped into its vast cash reserves to gain lucrative preferred shares and rescue businesses teetering on the edge of collapse," Bloomberg notes.

https://www.axios.com/berkshire-hathaway-coronavirus-8c4117ae-6890-468f-b226-f6635c7e41fa.html

haifa ac 11:51 GMT May 2, 2020
Now officially below 2008 correction
Reply   

Ben Breitholtz @benbreitholtz

U.S. economic data momentum now officially worse than Great Financial Crisis.


https://twitter.com/benbreitholtz/status/1256239829236494342/photo/1

haifa ac 06:43 GMT May 2, 2020
Not yhe Onion

It is a problem. Men go thru several diskette changes in their life. from Haile Selassie who was murdered at the end of his glorious life (Man of year in Times 1930), thru Ben Gurion, Begin, Golda Meir, Carter, many other leaders and thinkers that lost their clairvoyance with old age---It is doubtful that leaders over 75 are likely to succeed in changing their diskettes in fast and drastically changing times. Both Biden and Trump may be too old for that.

dc CB 01:05 GMT May 2, 2020
Not yhe Onion
Reply   
The Main Issue confronting Voters in Nov 2020

A difficult Choice!!!!!!

Caught on an open mike walking to the set of a morning TeeVee Show, speaking to Billy Bush(of The Bush Family and one of the TV Show's hosts), billionaire and TV star of The Apprentice Donald Trump muses: Ya know when you're Rich, women WILLl LET YOU grab their pussy.

Sitting Senator Joe Biden: Ya know being a United States Senator ---Women won't. Plus they get upset and complain....