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Forex Forum Archive for 05/11/2020

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dc CB 23:05 GMT May 11, 2020
Funding the Military Industrial Complex

dc CB 20:17 GMT
FUNDING THE COVID INDUSTRIAL COMPLEX
(The WPA of 2020s NWO)
____________________________
QUESTION: Why are the democrats refusing to address the recent information which confirms that COVID-19 has a death rates of less than 1%? Why do they continue to try to scare people and pass acts to invade our privacy?

LH

REPLY: They have no incentive to tell the truth. There were people who sold everything long before the World Health Organization declared anything about this virus. This has been an intended coup and that is really the bottom line.

They will NOT let this go because in September when the next flu season begins, the Democrats will be running headlines that people are dying because Trump opened the economy. This is all they have to try to overthrow him. We will witness the most corrupt election in American history come 2020. Expect the votes to be rigged. The turmoil they will unleash on the nation and the world may be far more than we can even speculate

Armstrong Economics

Israel MacroMicro 22:59 GMT May 11, 2020
AUD
Reply   
time to sell AUD vs the rest of G10 is now
use 06380 vs USD as signal for the first leg

good luck

dc CB 22:12 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

Crude thots

may be worth paying attention to the US storage numbers this week, along with the CME daily Open Interest stats for the June contract.
That contract LT date is coming up next week...ReDux May's negative price?

That is If you can find a place to trade CL---that dosen't require $30K+++ margin per contract.

Mtl JP 22:11 GMT May 11, 2020
this is good one...

this is a good one...
-
AT&T, randall, DJT and cynics

might wonder if the entire public “spat” is a ruse to fool the suckers in the cheap seats

dc CB 21:32 GMT May 11, 2020
Monday Amazing Trader 11 May 2020



the only game in town

dc CB 21:29 GMT May 11, 2020
Monday Amazing Trader 11 May 2020



SPX ---- fagedda about that.
The Cubes are in the gap

dc CB 21:22 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

the Treasury sold a supersized 3Y auction - coming at a record high amount of $42Bn vs $40Bn last month and a record low yield of 0.230%, which also stopped through the 0.231% When Issued, the first non-tailing 3Y auction of 2020.

The bid to cover jumped from 2.27 in April to 2.54, the highest since February and well above the 2.440 recent average,
The internals were quite solid as well, with Indirects taking down 54.4%, while Directs jumped from 4.1% to 13.1%, the highest since February, and leaving 32.6% to Dealers, the lowest since December.

Why the stellar demand? Because all the buyers know they just need to hold on the paper for a few days before they can flip it back to the Fed for some risk-free profits.
(ZH)

dc CB 21:17 GMT May 11, 2020
Funding the Military Industrial Complex

Today's Flippty Floppity.
White House Orders All Staff To Wear Face Masks 'At All Times'
Four Months too late.

Mtl JP 20:55 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

From NYT:
-
...“Banks entered this crisis in a position of strength,” Mr. Quarles said in prepared remarks released on Monday afternoon, adding that “banking organizations are well-positioned to serve as a source of strength, not strain, in the current crisis.” .../.

According Mr. Quarles, long an ally of the banking industry, said that financial institutions

“now have an essential part to play in addressing that disruption — as a bridge between the start of this crisis and the completion of our economic recovery.”

Mtl JP 20:18 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

peak -> valley -> zig-zags -> almost back to peak

SPX last ten days

dc CB 20:17 GMT May 11, 2020
Funding the Military Industrial Complex

FUNDING THE COVID INDUSTRIAL COMPLEX
(The WPA of 2020s NWO)

Illinois Democratic Rep. Bobby Rush has introduced the H.R. 6666 TRACE Act, which includes a $100 billion grant program which would authorize the Secretary of Health and Human Services to create an army of contact tracers operating through healthcare, schools and nonprofit entities, who would perform COVID-19 diagnostic testing "through mobile health units and, as necessary, at individuals' residences, and for other purposes."

The bill's co-signers include Reps. Rashida Tlaib (D-MI), Gwen Moore (D-WI), Debbie Wasserman Schultz (D-FL), Steve Cohen (D-TN) and Republican Jefferson Van Drew of New Jersey.

former President Clinton, NY Governor Cuomo, Chelsea Clinton and CA Governor Newsom called for an 'army of contact tracers' to monitor citizens who have tested positive for COVID-19 and their contacts - shortly after which the Washington DC Department of Health posted job listings for investigators with "Trace Force."

HR 6666

AT Trader john 19:55 GMT May 11, 2020
Tuesday Amazing Trader 12 May 2020

LATE MONDAY
DJ: -71
SP: +4.3

2-yr 0.175% +2.6
Spread 10s-2s +53.7 bps (+53.6bps)

10-yr
US: 0.712% +3.1
UK: 0.277% +0.7
DE: -0.508% +1.2

EURUSD MACRO TREND: NEGATIVE
Spots (Pivot Point prev day)
EURUSD 1.0814 (1.0820)
GBPUSD 1.2328 (1.2350)
EURGBP 0.8762 (0.8763)
USDJPY 107.73 (107.34)

This Week 1.0851-1.083 (48 pips)
mon: 1.0851-1.0803 (48)
fri: 1.0875-1.0815 (60)
thu: 1.0834-1.0767 (67)
wed: 1.0848-1.0782 (56)
tue: 1.0926-1.0826 (100)


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20-day avg: 1.0863
50-day avg: 1.0944
100-day avg: 1.0987
200-day avg: 1.1024

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london red 19:26 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

looks like ndz will do 9406 tomorrow not today. if early fill it sets up for a fall. but dont hold yer breath.

Mtl JP 19:25 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

yaaa ... do u see / hear /smell buffet throwing around billion$ ?
this bird had few feathers singed in dawn of his life - who d have tot eh - he ll be double prudent now that he got trigger-ritiss

Israel MacroMicro 19:21 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

CNBC now screaming it's V shape, time to SHORT most probably

Mtl JP 19:20 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

Lest there be mis-conception about infrastructure spending:
that sort of spending does not grow the economy.
But it does provide some profit opps for early birds

AT Trader john 19:17 GMT May 11, 2020
Tuesday Amazing Trader 12 May 2020
Reply   

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

Tue 12 May 2020
AA 12:30 US- CPI
Wed 13 May 2020
A 06:00 GB- Output, Trade, GDP
A 09:00 EZ- Industrial Production
A 12:30 US- PPI
A 16:00 US- EIA Crude
Thu 14 May 2020
B 12:30 US- Import Prices
A 13:30 US- Weekly Jobless
<AA 20:30 AU- Employment
Fri 15 May 2020
AA 09:00 EZ- GDP
AA 12:30 US- Retail Sales
B 12:30 US- Empire PMI
A 13:15 US- Industrial Production
B 14:00 US- JOLTS
A 14:00 US- Flash Univ of Michigan


london red 19:16 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

CAT and in the UK Ashtead. they always "forget" to do that one but it runs up shortly after

GVI Forex Blog 19:14 GMT May 11, 2020
Chart Points: Free Forex Database For 11 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 11 May 2020

Mtl JP 19:14 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

re hassett - that would be old "news" (i.e. history) as he started to make those noises a few days ago.
ex.: "Hassett said on CBS News' "Face the Nation" on Sunday that he believes the unemployment rate will surpass 20% and peak in May or June"

Money-making Trade Opportunity suggestion (not advice):
IF u see noises being made about some massive infrustructure spending (like DJT s been hinting), load up on cement, rebar and possibly digging eq manufacturers.
ps//own diligence a must

london red 19:07 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

they are massaging expectations to ensure every number is a beat

Israel MacroMicro 19:03 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

BREAKING: White House economic adviser Kevin Hassett expects the unemployment rate to climb past 20%


______


WOW this must be the trigger to take DOW above 37500

Israel MacroMicro 18:55 GMT May 11, 2020
GOLD

inshalla when bank of Palestine prints new money your portrait with the almighty sunglasses to be on the banknotes

Israel MacroMicro 18:52 GMT May 11, 2020
GOLD

how are you cute wfak?
you are so amazing as always!

Amman wfakhoury 18:50 GMT May 11, 2020
GOLD
Reply   
Is 1690 reached or not

PAR 18:48 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

Too much liquidity chasing the same tech stocks, too much cash being invested in stock buy backs.

Israel MacroMicro 17:55 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

equities are busy to price in inflation as otherwise there is no reason for equities to be so high during global lockdown. imo

Mtl JP 17:53 GMT May 11, 2020
this is good one...

this is good one...
-
only bronze
Carney got a US$5,000 model of the Bank of England as parting gift

leaving present from the Bank of England was a bronze casting of part of its Threadneedle Street building

PAR 17:42 GMT May 11, 2020
VIX

Crashing VIX means $ billions of stocks to buy MOC or just after the close.

PAR 17:33 GMT May 11, 2020
USA
Reply   
Some US companies have too much cash, some companies have only debt.

It looks like tech companies have too much cash and Trump's America has only debt because of all his well meant tax cuts.

london red 16:47 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

JP, $hit load of paper crap being sold this week so theyll dump to make room and then push em back down.

Mtl JP 16:40 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

however incompatible that may be with 10-yr yielding 0.712% presently

Mtl JP 16:38 GMT May 11, 2020
Monday Amazing Trader 11 May 2020



enthusiasts (with money ?) trumping
nay-sayers (lacking conviction?)

london red 16:21 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

looks like ndx fills gap to 9400 today

london red 15:37 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

LQD fills powell gap

london red 15:35 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

closed near wks high so early backfilling sets up for gains later in wk if sup is held.

Mtl JP 15:33 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

just as I read / hear more "stock players are too optimistic" (various headlines/pundits) SnP goes uP ~15-20 points

Paris ib 15:15 GMT May 11, 2020
We're not broke it's the PANDEMIC

The path forward

In a picture

PAR 15:12 GMT May 11, 2020
VIX
Reply   
VIX keeps dropping. The USA is in risk on mood.

Paris ib 15:05 GMT May 11, 2020
Funding the Military Industrial Complex
Reply   
"As U.S. unemployment reached its highest level since the Great Depression amid the coronavirus pandemic, some of America’s largest defense firms are hiring thousands of workers"... in the military procurement space.

Thatcher oversaw the conversion of British Industry to military aims, I thought the U.S. was already there but apparently there is still potential to move further towards military production.

The Military is Hiring

Mtl JP 14:59 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

justin trudeau announces additional support for businesses to help save Canadian jobs

the Government of Canada will :

Mtl JP 14:52 GMT May 11, 2020
We're not broke it's the PANDEMIC

biological problem calls for biological solution.

FED seeing its economy on the ropes handing out more rope is not a biological solution

Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year

Paris ib 14:39 GMT May 11, 2020
We're not broke it's the PANDEMIC

Pretty weird moment to be in financial markets....

Paris ib 14:37 GMT May 11, 2020
We're not broke it's the PANDEMIC

Dunno.... when the banks nicked all that money out of accounts in Cyprus I was in a shop buying a mobile and the little guy there said: spend your money cause they are going to take it away from all of us.

If that idea takes hold: the U.S. can't and won't pay back its debt... then something will change in allocations and capital flows. Sitting back waiting to see how that goes.... meanwhile the FED gets to take care of business.

COVID - IMVHO - was mostly about letting that happen: papering over the cracks to keep up appearances. How that goes, no idea, but I'm guess we will soon see.

london red 14:18 GMT May 11, 2020
We're not broke it's the PANDEMIC

then what? nothing. dumb fks will always give the us money as their is nowhere else to go

haifa ac 14:18 GMT May 11, 2020
AAPL gap?!

311.50 (so far) against the 310.50 gap

Paris ib 14:02 GMT May 11, 2020
We're not broke it's the PANDEMIC

“White House officials have debated several measures to offset the cost of the coronavirus outbreak, including cancelling some or all of the nearly US$1.1 trillion debt that the United States government owes China.”

I don't know how credible this report is.

Defaulting.... then what?

Mtl JP 13:42 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

Stocks - 10 minutes in
-
DJIA better return than SnP:
DJIA 9:40 AM
24,124.45 -206.87 -0.85%

S&P 500 SPX 9:40 AM
2,912.77 -17.03 -0.58%

better return on %age basis.

Mtl JP 13:11 GMT May 11, 2020
Monday Amazing Trader 11 May 2020



EURO 1.0825
-
Puppy w/ a slight nega-bias.
Probably needs to hold sub 1.0840 to keep it and trgt 1.0726
S at 1.0790/75/67; R 1.0850

HK Kevin 12:34 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

london red 11:26 GMT, negative rate is just a talk show. Remember this will be a busy week for bond auction, so Powell's top priority is to cap the bond yield.

swiss frank 11:56 GMT May 11, 2020
aud
Reply   
Been here before (recently) but aud seems to be really struggling up around these levels. If current rates stick looks like key reversal on the daily.

Mtl JP 11:31 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

maybe a big NO NO to negarates but I also expect a big NO NO to any thoughts of hiking rates.

Do I dare imagine the FED hinting at tightening except for in some long distant future away ?

london red 11:26 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

JP, powell will tell his buddies on weds that its a big no no to negative rates
JM, july 1st is brexit extension deadline. if they dont extend transition by then, then uk must leave with whatever has or has not been agreed, on dec 31st 2020. no if buts or maybe. that $hit is written in stone. so far there has been little nterest to price this risk esp in the light of boris saying on a number of occasions post his covid scare, that there will be no extension.

NY JM 11:20 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

JP, finally some logic as marking yields didn’t ahead of a deluge of auctions this week made no sense.

NY JM 11:18 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

Red, you have been ahead of the curve citing the Brexit risk. Tks for keeping us on alert.

Also this implies buying EURGBP on sharp dips??

Mtl JP 11:16 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

One could chose higher yield
(U.S. 10 Yr 0.689 vs 0.620 friday)
as cause of DLR uP

london red 11:14 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

brexit hoes will be buyers from cloud top 12310 to last low 12247. stops below. they will want to close at 12354 or higher. brexit talks going frm $hit to worse but us cbs will always buy the dip. cos its never diff, but it will be diff for these talks, they just dont know it yet. so sterling is a sell on blips and also a buy on dips for the spritely.LTt tgt eurgbp parity always in play. cable could offer 1.10 but it largely depends on what usd does overall. imp to take away that it will underperform compared to euro, vs the usd once this is all thrashed out.

Mtl JP 11:08 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

Stocks
-
Asians closed uP
Europeans currently DOwn some
US looking to open DOwn
--
DLR is uP, back N of 100

AT Trader john 09:21 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

MONDAY
DJ: +28
SP: +1.0

2-yr 0.155% +0.6
Spread 10s-2s +53.6 bps (+52.8bps)

10-yr
US: 0.691% +2.5
UK: 0.261% +2.5
DE: -0.521% +1.1

EURUSD MACRO TREND: NEGATIVE
Spots (Pivot Point prev day)
EURUSD 1.0814 (1.0844)
GBPUSD 1.2364 (1.2412)
EURGBP 0.8748 (0.8738)
USDJPY 106.25 (106.52)

Last Week 1.0975-1.0767 (208 pips)
mon: 1.0851-1.0809 (52)
fri: 1.0875-1.0815 (60)
thu: 1.0834-1.0767 (67)
wed: 1.0848-1.0782 (56)
tue: 1.0926-1.0826 (100)


Sign up now for your invaluable report

How To Turn Your Forex Trading Into A Business

20-day avg: 1.0867
50-day avg: 1.0950
100-day avg: 1.0990
200-day avg: 1.1026

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AT Trader john 09:08 GMT May 11, 2020
Monday Amazing Trader 11 May 2020

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

Mon 11 May 2020
No Major Data
Tue 12 May 2020
AA 12:30 US- CPI
Wed 13 May 2020
A 06:00 GB- Output, Trade, GDP
A 09:00 EZ- Industrial Production
A 12:30 US- PPI
A 16:00 US- EIA Crude
Thu 14 May 2020
B 12:30 US- Import Prices
A 13:30 US- Weekly Jobless
<AA 20:30 AU- Employment
Fri 15 May 2020
AA 09:00 EZ- GDP
AA 12:30 US- Retail Sales
B 12:30 US- Empire PMI
A 13:15 US- Industrial Production
B 14:00 US- JOLTS
A 14:00 US- Flash Univ of Michigan


HK Kevin 08:43 GMT May 11, 2020
Gold Price Forecast – Prices Could Exceed $10,000 This Decad

HK Hu Flung Dung 06:19, welcome new member from HK on board. Dung, can u elaborate the impact of capital outflow for buyng Gold due to the launch of digital CNY?

london red 08:31 GMT May 11, 2020
sell cable

12354 is shs neck. sterling lower on brexit

jkt abel 07:59 GMT May 11, 2020
sell cable
Reply   
will brexit bulls appear again this time?

swiss frank 07:06 GMT May 11, 2020
Gold Price Forecast – Prices Could Exceed $10,000 This Decad

Mr. Dung- What are you thinking on fx?

jkt abel 06:21 GMT May 11, 2020
Gold Price Forecast – Prices Could Exceed $10,000 This Decad

better call marc faber first if he is still alive and kicking with his call of gold 5000 since 2 decades ago

HK Hu Flung Dung 06:19 GMT May 11, 2020
Gold Price Forecast – Prices Could Exceed $10,000 This Decad

KWAN- If that is what you believe will occur, you about to get the biggest colonoscopy of all time. Happy colonoscopy.

Central Kwun 02:39 GMT May 11, 2020
Gold Price Forecast – Prices Could Exceed $10,000 This Decad
Reply   
Buy Gold
Entry: 1708 Target: 10000 Stop:

The 2020s should favor tangible assets and commodities as supply shortages, and currency debasement creates widespread panic and a global depression.

Mtl JP 00:31 GMT May 11, 2020
RISK ON - VIX

** reminder **
-
powell is to yak on wednesday at 09:00 NYT
allegedly on the economy

I expect powell's yak to deliver what the FED
- a) plans to do and
- b) certainly plans NOT to do

 




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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