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Forex Forum Archive for 05/04/2020

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


dc CB 23:50 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

dc CB 18:47 GMT 05/04/2020
headlines R US
NYT Coronavirus Live Updates: Daily Death Toll Will Nearly Double by June, Trump Administration Models Predict
____________________________________
Guess what folks.

Paula [email protected]
UPDATE: Researchers at @JohnsHopkinsSPH
say data predicting 3k deaths a day from COVID-19 was preliminary and “not accurate to present them as forecasts.”

Paula Ried CBS WH correspondent tweet

dc CB 23:29 GMT May 4, 2020
CCP's secret secret - The United States of Sheep

This would be funnier if it weren't so spot-on.
_________________________________________________________
The Ministry of Covid Compliance is reminding us this week how the virus has a genetic targeting mechanism able to differentiate between essential cans of vegetables, bottles of liquor, lottery tickets and non-essential products like sneakers and paint. Thus the Ministry is able to help us better understand the lock-down policy.
We’ve been piling into crowded supermarkets for seven weeks buying food, and we are allowed to purchase liquor and lottery tickets. Those purchases are deemed safe by the state.....

To avoid an increased infection rate it is critical for American citizens to only visit Home Depot, Lowes, Costco, WalMart & other large institutional retail systems with influential lobbying offices near the Covid Mitigation Ministry.
Effective compliance and mitigation requires that everyone must avoid the small business operations where the virus is more prone to hide out and attack consumers.

Remember, the Ministry is working closely with regional governors to outline the greatest threat. Walking on a golf course in Massachusetts is safe-behavior; however, if you carry a particularly shaped stick and swing it at a ball, the virus will immediately target you.

These granular distinctions are very important to understand.

MINISTRY OF COVID COMPLIANCE REMINDER

Mtl JP 21:55 GMT May 4, 2020
Monday Amazing Trader 05 May 2020



Euro 1.0900
-
some price dynamic options: levels to break or hold

Mtl JP 21:38 GMT May 4, 2020
Monday Amazing Trader 05 May 2020
Reply   
AUD 0.6423
-
Coming up:
0430GMT RBA Interest Rate Decision 0.25% vs 0.25%

Mtl JP 21:26 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

not just the US Treasury:
Apple borrows $8.5 billion, joins record corporate debt borrowing spree

Dow scores sharpest turnaround since March as technology, energy shares stage late-Monday surge - MarketWatch

AT Trader john 20:25 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

LATE MONDAY
DJ: +26
SP: +12.0

2-yr 0.182% -0.2
Spread 10s-2s +38.1 bps (+39.5 bps)

10-yr
US: 0.627% -1.3
UK: 0.225% -0.6
DE: -0.563% -0.3

EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.0900 (1.0924)
GBPUSD 1.2437 (1.2443)
EURGBP 0.8763 (0.8780)
USDJPY 106.77 (106.84)

THIS Week 1.0975-1.0896 (79 pips)
mon: 1.0975-1.0896 (79)
fri: 1.1018-1.0935 (83)
thu: 1.0972-1.0835 (137)
wed: 1.0886-1.0817 (57)
tue: 1.0890-1.0810 (75)
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50-day avg: 1.0958
100-day avg: 1.1001
200-day avg: 1.1031

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Mtl JP 19:35 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

The U.S. Treasury plans to borrow a record $3 trillion in the second quarter to fight coronavirus—more than twice what it borrowed in all of fiscal 2019 - MarketWatch

Mtl JP 19:33 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

1/2 hr left for stocks and some are uP

S&P 2,839.00 uP +8.29 or +0.29%

dc CB 19:26 GMT May 4, 2020
CCP's secret secret - The United States of Sheep

The rest of the story, so far.

In death, he has become famous as a cautionary tale about the risks of mindlessly following the armchair medical advice President Donald Trump has dispensed from the White House podium.

But friends of 68-year-old Gary Lenius, the Arizona man who passed away last month from drinking a fish tank cleaner that contained an ingredient, chloroquine phosphate, that Trump had touted as a potential coronavirus cure, say they are still struggling to understand what drove an engineer with an extensive science background to do something so wildly out of character.

"What bothers me about this is that Gary was a very intelligent man, a retired [mechanical] engineer who designed systems for John Deere in Waterloo, Iowa, and I really can't see the scenario where Gary would say, ‘Yes, please, I would love to drink some of that Koi fish tank cleaner,'" one of his close friends told the Washington Free Beacon. "It just doesn't make any sense."

GVI Forex Blog 18:51 GMT May 4, 2020
Chart Points: Free Forex Database For 4 May 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 4 May 2020

dc CB 18:47 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

headlines R US

NYT Coronavirus Live Updates: Daily Death Toll Will Nearly Double by June, Trump Administration Models Predict

Washington Post: Government report predicts covid-19 cases will reach 200,000 a day by June

(not 'trusted' news source): BEZOS ON COURSE TO BE WORLD'S FIRST TRILLIONAIRE AS VIRUS HELPS AMAZON!

Mtl JP 18:20 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

today justin trudeau commits $850 million to global fight against COVID-19

coronavirus pandemic: goal reached alreadyresponse

Mtl JP 18:16 GMT May 4, 2020
EURUSD

euro 1.09
-
biased to sell pops under 1.10

Mtl JP 16:43 GMT May 4, 2020
EURUSD



EURO 1.0897
-
Last S: red rising line before potential "woosh"
at 1.0884

Mtl JP 16:31 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

Coronavirus cases drop by up to 44% due to shelter-in-place orders, study drawing on CDC data shows - MarketWatch

AT Trader john 16:15 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

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

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


Israel MacroMicro 16:10 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

Mtl JP 16:00

that's a deep one, a scar talking?

Mtl JP 16:09 GMT May 4, 2020
interesting little fun fact

so I got this $836. bill from a CCard, which I paid on due date.
Next cycle invoice I see $19.08 charge.

Cust service says it is interest for one day, seeing as I paid the bill from a different bank which, apparently in this day n age of electronic banking, can take anywhere between 1-5 days to show up. After reversing the charge the rep sweetly suggested I pay the next bill 5 days prior duedate.

Nice, really nice way of making moola. And people criticize CCard comp and banks ! These folks know two things: 1) cash cows and 2) if they get into existential trouble they bailed out.

Bottom Line
BoD

Mtl JP 16:00 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

MacroMicro no h3ll like the fury of a woman scorned

Israel MacroMicro 15:56 GMT May 4, 2020
EURUSD

shorted 10641 here

Israel MacroMicro 15:56 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

jp

the ETF story is unbelievable but real as h€ll

HK Kevin 15:54 GMT May 4, 2020
EURUSD

Israel MacroMicro 12:29 GMT, closed at 1.0908 for the remaining short EUR position. The profit is enough for me for a shorthaul leisure trip with my wife, but no air ticket. I miss Japan, Korea, Thailand, Leondon, LA, Vancouver very much.
Short tiny position of AUD/NZD earlier in front of RBA announcement tmr's morning .

Mtl JP 15:34 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

Fed to buy ETFs reminds me
london red 17:47 May 1,
cos at that level just fed is then as big as us yearly gdp.
london red 17:08 May 1, not sure fed bal sht can be expanded to 20 trillion.

but 10-12 trillion is "ok" ?

Mtl JP 15:18 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

New York Fed Says It Will Begin Buying ETFs in ‘Early May’

“Additional details on timing will be made available as those dates approach,” the New York Fed said.

PAR 15:12 GMT May 4, 2020
ECB LAGARDE PONZI MAFIA
Reply   
It's #PEPP, the new fancy purchase program! #ECB increases PEPP purchases in the past week to €118.8bn. ECB will not disclose its PEPP holdings by country.

NY JM 15:02 GMT May 4, 2020
EURUSD

1.0903 = 61.8% of 1.0832-1.1018

swiss frank 14:55 GMT May 4, 2020
EURUSD

Also see 1.0875 as 50% of the upmove from 1.0730-1.1020 which coincides with the break upwards from previous consolidation.

Mtl JP 14:54 GMT May 4, 2020
EURUSD

VIX at 38.73 (a relatively high #)
implies Sup for DLR

Mtl JP 14:49 GMT May 4, 2020
EURUSD



EURO 1.0905
-
Some next S levels (or targets)
red lines

Mtl JP 14:38 GMT May 4, 2020
EURUSD

Euro 1.0910
-
50 day 1.0956 Res

AT Trader john 14:10 GMT May 4, 2020
BREAKING NEWS

U.S. Factory Orders April 2020

U.S. Data Charts




NEWS ALERT

Headline: -10.3% vs. -9.20% exp. vs. 0.00% prev.





Mtl JP 13:39 GMT May 4, 2020
interesting little fun fact

In Time of Drive Thru Only and The Irrestibility of McDonalds
(long NYSE: MCD 179.59 USD −3.07 (1.68%)?)
-
mother of invention:

"Les filles avaient envie de passer commande mais nous n’avons pas de voiture. Nous avons cherché une solution et trouvé celle-ci"

"The girls wanted to order but we don't have a car. We looked for a solution and found it"

swiss frank 13:07 GMT May 4, 2020
interesting little fun fact
Reply   
While the past is not necessarily an indication of the future, May has been a typically strong month for the USD. DXY has rallied 9 times in the last 10 years this month. Experts say this may be due to the large amounts of US issuance (which spurs foreign demand) associated with this month.

Mtl JP 13:07 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

Here is a betting opportunity:
-
President Donald Trump said during a Fox News town hall on Sunday night that he thought the US would have a COVID-19 vaccine by the end of the year.

Israel MacroMicro 12:29 GMT May 4, 2020
EURUSD

Kevin, let's test last week's high and even go above and dive afterwards?

HK Kevin 12:19 GMT May 4, 2020
EURUSD

Israel MacroMicro 11:22, no follow through in European session. Booked 1/2 profit at 1.0933 and stop for the remaining also lowered.

Israel MacroMicro 12:11 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

the fact that Japanese markets are closed until Thursday to cause low volatility with JPY until then?

Israel MacroMicro 12:04 GMT May 4, 2020
EURUSD

when we may see 10480 ?

Mtl JP 11:55 GMT May 4, 2020
EURUSD



1.0940 - waiting for breakout

Israel MacroMicro 11:22 GMT May 4, 2020
EURUSD

Kevin, so wishing you a catastrophe is actually a blessing? :)

good trades

Mtl JP 10:41 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

EURO 1.0920 is the S (hrly)
and current hostile pushback to the earlier slide

also earlier opening gap still nagging

Mtl JP 09:34 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

1.2427
-
bit of dlr demand driving the gbp down & giving it nega bias

Paris ib 08:41 GMT May 4, 2020
ECB LAGARDE PONZI MAFIA

You want the ECB Ponzi Mafia to not be too restricted? I don't get it.

AT Trader john 08:23 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

EARLY MONDAY
DJ: -183
SP: -21.5

2-yr 0.190% -1.2
Spread 10s-2s +39.5 bps (+43.0 bps)

10-yr
US: 0.610% -0.3
UK: 0.241% -0.8
DE: -0.562% +2.4

EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.0925 (1.0977)
GBPUSD 1.2443 (1.2527)
EURGBP 0.8780 (0.8758)
USDJPY 107.76 (106.94)

LAST Week 1.1018-1.0810 (208 pips)
mon: 1.0974-1.0924 (50)
fri: 1.1018-1.0935 (83)
thu: 1.0972-1.0835 (137)
wed: 1.0886-1.0817 (57)
tue: 1.0890-1.0810 (75)
br>
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How To Turn Your Forex Trading Into A Business

20-day avg: 1.0871
50-day avg: 1.0956
100-day avg: 1.1003
200-day avg: 1.1032

Global-View Daily Trading Chart Points





AT Trader john 08:01 GMT May 4, 2020
BREAKING NEWS

minor EZ MFG PMI revisions

PAR 07:54 GMT May 4, 2020
ECB LAGARDE PONZI MAFIA
Reply   
The German constitutional court rules on the legality of ECB bond buying tomorrow. The ECB is not bound by German law, but as the ECB is the only adult in the room when it comes to coordinated policy it would be nice if it were not too restricted.

AT Trader john 07:46 GMT May 4, 2020
BREAKING NEWS
Reply   
EZ Final Manufacturing PMIs April 2020





ALERT
08:00 EZ
mfg: 33.4 vs. 33.6 exp. vs. 33.6 flash
08:55 Germany
mfg: 34.5 vs. 34.4 exp. vs. 34.4 flash
08:50 France
mfg: 31.5 vs. 31.5 exp. vs. 31.5 flash
08:45 Italy
mfg: 31.1 vs. 30.3 exp. vs. 40.3



AT Trader john 07:29 GMT May 4, 2020
Monday Amazing Trader 4 May 2020

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


swiss frank 06:50 GMT May 4, 2020
CCP's secret secret - The United States of Sheep

The sheeple of Illinois, well.... maybe just don't care. They still have a lot of freedom of movement. Meanwhile harsh words from Ill politicos accurately following the never let a good crisis go to waste manifesto. Illinois finances are probably worse off than any other state. The deeper they take it down, in baseball terms tanking, the more money they'll win in the bail out lotto. Think of it as a rebuild and it won't feel so bad.

HK Kevin 06:03 GMT May 4, 2020
EURUSD

There is an old Chinese saying "Those who survive a catastrophe are bound to have good fortune later on" My EUR short from 1.0983 has survved by 2 pips last Fri. It now look good following breaking of Fri's low. Move stop to b/e and watch the support 1.0895 during European session

Central Kwun 05:39 GMT May 4, 2020
Buy on dip
Reply   
Buy Gold
Entry: 1698 Target: 1800 Stop: 1668

The price bullish because May 1 didn't break support zone 1670 showed support.
4H engulfing candle closed RSI UP

SaaR KaL 05:33 GMT May 4, 2020
EURUSD
Reply   
I am short from last week...tgt 1.0730
will long 1.07 to 1.0670
tgt 1.0878

Mtl JP 05:08 GMT May 4, 2020
Warren Buffett

Why we didn't repurchase shares when their prices sank recently

Buffett and Vice Chairman Greg Abel discuss why (they were asleep at the wheel)

Mtl JP 04:59 GMT May 4, 2020
Warren Buffett

the difference between "lead" and "react" or
Loosing Touch In Old Age:

“If you stick around long enough, you’ll see everything in markets,” he said from his Omaha headquarters. “And it may have taken me to 89 years of age to throw this one into the experience, but the markets, if you have to be open second by second, they react to news in a big time way.”

Buffett called the recent market shock “a one-two punch”

dc CB 04:02 GMT May 4, 2020
chinese communists' state secret




The Models say...
Trust the Models
Fear the Models

Winter is coming---Big Snowfall in DC

initialized May 2 ---thru May 17

dc CB 01:54 GMT May 4, 2020
This week in History

May 8 1945

Norman Corwin, the prolific writer who lived to the ripe old age of 110, wrote an incredible hour-long radio broadcast about the end of the WWII in Europe called “On a Note of Triumph” in which he posed the following questions:

Whom did we beat?
How much did it cost to beat them?
What have we learned out of this war, and is all this going to happen again?

Lord God of test tube and blueprint, Who jointed molecules of dust and shook them till their name was Adam, Who taught worms and stars how they could live together, Appear now among the parliaments of conquerors and give instruction to their schemes: Measure out new liberties so none shall suffer for his father's color or the credo of his choice:

dc CB 01:19 GMT May 4, 2020
chinese communists' state secret

make of this what you will

an Independen editorial cartoonist

dc CB 01:11 GMT May 4, 2020
Risk off



Risk???
MS sez WTF cares
UR As$ is covered for the next 19 months
Have at it boys, have at it.

dc CB 00:57 GMT May 4, 2020
This week in History

Kent State shootings
The Kent State shootings, were the shootings on May 4, 1970, of unarmed college students by the Ohio National Guard at Kent State University in Kent, Ohio, during a mass protest against the bombing in neutral Cambodia by United States military forces.Wikipedia

the iconic image from that

dc CB 00:51 GMT May 4, 2020
This week in History

one more, last one.

May 4, 1970 ----4 Dead in Ohio ---well at least The Classic Rock stations still play the once-upon-a-time Outrage song.

The Vibes reverberated between the 2 hills of Higher Learning in NYC. CCNY(City College) where I was 135th St, south down the valley to 125th St and up the hill to Columbia University - 116th Street.

Back then NYC Unis were shut down by Outrage. Not Official Decree.

The other line from that rock group (CSNY), in another Rock Classic replay...."Teach your children well"
That too is forgotten.

Mtl JP 00:35 GMT May 4, 2020
Monday Amazing Trader 4 My 2020
Reply   


EURO 1.0953
-
1) bit of an opening down-gap

Current euro enthusiasm tamers:
2) 100 day 1.1003
3) 200 day 1.1032

GVI Forex 00:13 GMT May 4, 2020
Risk off
Reply   
Risk off start

dc CB 00:04 GMT May 4, 2020
chinese communists' state secret



Just IN's involved with the really really important stuff.
Canadian PM Justin Trudeau announced a ban on 1,500 different firearms on Friday, effective immediately.

CBS News reports that the new list of prohibited firearms centers on “assault-style” guns. Trudeau said, “These weapons were designed for one purpose and one purpose only: to kill the largest number of people in the shortest amount of time. There is no use and no place for such weapons in Canada.”

“As of today, the market for assault weapons in Canada is closed,” Public Safety Minister Bill Blair said. “Enough is enough. Banning these firearms will save Canadian lives.”
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


Political power grows out of the barrel of a gun (Chinese: 枪杆子里面出政权; pinyin: Qiānggǎn zi lǐmiàn chū zhèngquán)
Every Communist must grasp the truth, "Political power grows out of the barrel of a gun." Our principle is that the Party commands the gun, and the gun must never be allowed to command the Party. Yet, having guns, we can create Party organizations, as witness the powerful Party organizations which the Eighth Route Army has created in northern China. We can also create cadres, create schools, create culture, create mass movements. Everything in Yenan has been created by having guns. All things grow out of the barrel of a gun. WKIPEDIA

 




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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