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Forex Forum Archive for 01/31/2021

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Mtl JP 23:55 GMT January 31, 2021
Mkt



euro opening GAP
now POOF !

london red 23:12 GMT January 31, 2021
eurusd

Tallinn viies 22:39 GMT 01/31/2021

thats the spirit viies you got. btfd. anything else is just censored stupid. they got the printers jammed in the on possie for at least 5 more triilions, so thats another 3 trillion package later this year after bidens 1.9.
early week losses should be turned by end of week. should. if not there is one more week. so taking that to figures, the ndx turns up at 12600/400/100. one of those. u will know as it tests.

Tallinn viies 22:56 GMT January 31, 2021
eurusd
Reply   
ECB’s Schnabel said that the central bank was more worried about inflation being low and stated that euro area faces very weak demand which doesn’t look as if it is going to fundamentally change. Furthermore, Schnabel said that a rise in inflation is expected this year but should not be confused with a sustained increase, while she also warned that a rate hike in the current environment would have devastating consequences. (Newswires)

ECB’s Knot said that the continuing increase in global stock markets could be the result of growing hopes for an economic recovery and does not necessarily mean that prices are overly inflated. Knot added that markets could be pre-empting the roll out of vaccines and the reopening of economies, while he added that we might be entering the roaring twenties. (Newswires)

ECB’s Lane said that stocks and bank bond purchases is not in the central bank's toolkit against the pandemic and that its current toolbox is a mix of short-term rates, asset purchases, targeted lending and forward guidance. (Newswires)

Fed's Kaplan (non-voter, hawkish) said downside risks include vaccine efficacy and virus variants but added that upside risks include a bounce in public confidence and that more fiscal action would create upside risks to the growth forecast. Furthermore, Kaplan stated that Fed policy accommodation and asset purchases have potential to create excesses, as well as imbalances and that they should use tools aggressively during teeth of crisis, while he stated that the decision on QE taper will not come out of the blue and we are not anywhere close to that. (Newswires)

Tallinn viies 22:39 GMT January 31, 2021
eurusd
Reply   
new month, new opportunities. hundreds billions dollars, euros and yens added to the system by central banks. printing money never been easier. no control at all.
so would be more than sure that mission nr 1 to everybody in industry is push markets values higher. whatever the underlying asset is.

dc CB 22:35 GMT January 31, 2021
Mkt

"The XRT in-kind redemption was likely an attempt by investors to get their hands on scarce GameStop shares. Those who took delivery of the underlying holdings received about 292,000 GameStop shares."
ZH

Mtl JP 22:21 GMT January 31, 2021
Mkt

GAPS
-
some of the more notable GAPs I spot:
aud/usd and usdchf, both down gaps

but overall rather tame early priceaction imo

dc CB 18:11 GMT January 31, 2021
Trend - Irony

""In 1998, again, after a euphoric mania the dot com bubble stocks gave way to the collapse of the tech sector, following the disaster of the “Pets.com” IPO. In the flash crash, retail investor accounts were locked. Preventing millions of “Freedom 55” investors (Generation X and Boomers) from trading out of their positions. Many of those households and their savings were wiped out. Those households which survived 1998’s market crash & recession only returned to their previous wealth level, after inflation adjustment in the early 2010’s. Faith in retail brokerages, market integrity and public trust in banks never recovered. Even to this day, legislation like “Glass Stegall” is spoken about, but nobody really remembers why or how it happened; or its consequences to those who suffered the most in 1998."""

"So You Just 'Raided' Your First Company" - A Letter To Non-Professional Traders
https://www.zerohedge.com/markets/so-you-just-raided-your-first-company-letter-non-professional-traders

Tallinn viies 16:19 GMT January 31, 2021
eurusd
Reply   
Melvin Capital Ends Month With Over $8B in Assets After Investors Added Cash; Melvin had Lost 53% in January Following Short Bet on GameStop

london red 16:01 GMT January 31, 2021
The Rally of the Laggards

Mtl JP 15:38 GMT 01/31/2021
red 11:08 what do you think of "tape reading" for trading decisions in this day n age ?
a member of my fam swears by it. but its a single stock/index/rate specific thing. otherwise u r on ur knees after a couple of hours. back then things were slower, simpler. u had time to get into the trade by phone after data!

dc CB 15:51 GMT January 31, 2021
Trend - Irony

so IF it's SLV, then the Game Is:

WSB vs JPM. Or is it WSB with JPM.

dc CB 15:45 GMT January 31, 2021
Trend - Irony



seems that It's On.
Update (1030ET): It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be "the world's biggest short squeeze" and that has left bullion dealers

As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.
(ZH)

Mtl JP 15:38 GMT January 31, 2021
The Rally of the Laggards

red 11:08 what do you think of "tape reading" for trading decisions in this day n age ?

dc CB 15:02 GMT January 31, 2021
Trend - Irony
Reply   


with the trumpster gone and the new boss clearly anti ICE vehicles, here is a breakdown of what's required to make the thing that makes the wheels go round.

dc CB 14:45 GMT January 31, 2021
After all is said and done, more is said than done

'Sprechen Sie Deutsch?
( I don't)

was watching a YTube--and the viewin suggestion column showed this...Short Squeeze is the IT subject this weekend, apparently.

GameStop: Kriegserklärung an die Wall Street (Shortsqueeze)

Mtl JP 13:30 GMT January 31, 2021
After all is said and done, more is said than done

One reason for my 2:02 post and listing Fri stock closes is that futures , as they reopen on Sunday evening (DJIA, S&P 500 and Nasdaq) players will be looking for (influencing?) signs of continued rally (where is Support?) or will they try to find Supp and chew through it.

"Who knows what evil lurks in the hearts of men? The Shadow knows ..."

Mtl JP 13:11 GMT January 31, 2021
After all is said and done, more is said than done

red 11:12 - laughs best he who laughs last

GVI Forex 12:06 GMT January 31, 2021
Trade to Win: Trade Using Directional Risk

I posted this article last year and have updated it as I feel strongly that identifying the directional risk make the difference between being a winning and losing trader. It can also, at times, protect against a headline news reaction. 

Trade to Win: Trade Using Directional Risk

Rome EC 11:42 GMT January 31, 2021
Draghi?
Reply   
ROME (Reuters) - Matteo Renzi, who triggered Italy’s political crisis this month by pulling his Italia Viva party out of the ruling coalition, would like to see former European Central Bank chief Mario Draghi become prime minister, a party source said on Sunday.

london red 11:12 GMT January 31, 2021
After all is said and done, more is said than done

After all is said and done, more is said than done
dc CB 09:24 GMT 01/31/2021
Interesting post, that the zealots on WSB prob won't want to read.

as we have all been saying all along. and we can all hazard guesses as to which wall st bros have fingeres in this piece.

london red 11:08 GMT January 31, 2021
The Rally of the Laggards

haifa ac 17:31 GMT 01/30/2021 - My Profile
or in "clear" English --the rally of the garbage.
Jesse Livermore said that in the latter part of a bull market the stocks that lagged thru out the duration of the bull are being pushed while smart money is liquidating their large holdings in the leaders. kind of clandestinely.
Pay attention.

u know what anyone calling the future has a chance of being right, but while the fed and us t are printing and will continue to print this year, stocks are on an elstic band which is pinned well above present mkt levels. so even if u got another 30% drop, it will be coming str8 back within months. there is absolutely no question about that. its a rigged game. i guess while the 10 is above 0% and the printer is on 24/7, the game continues.
and fwiw livermores book is a great one, but he overstayed his welcome and suicided himself broke.

london red 11:04 GMT January 31, 2021
Bitcoin yesr 2021 trading range

haifa ac 17:22 GMT 01/30/2021 - My Profile
"Upside target is 150-200k"
personally it think its bull$hit as a store of value or transaction currency cos its flawed. but having said that, its coded to rise to infinity until the ponzi is taken down by action or event. so yeah every 50-75% pullback is a buy until then.

dc CB 09:24 GMT January 31, 2021
After all is said and done, more is said than done

Interesting post, that the zealots on WSB prob won't want to read.
___________________________________________
Via 'The_Law_of_Pizza':

I don't work on the trading Floor, but I'm an attorney who services a variety of financial institutions, including broker/dealers.
.............
This is a big deal to the shorting community, but to the other 99% of the financial world, nobody gives a censored.

n 6 months, nobody will remember or care, except that (maybe) it will become more difficult for retail investors to trade options.

And not because the greedy hedge fund oligarchs forced the SEC to crack down on retail investors.

But rather because, when this is all said and done, there is going to be a black hole where most of these retail investors' brokerage accounts used to be, and the SEC and brokerage community will be lambasted for failing to protect unsophisticated investors from a bubble.

I have been monitoring the WSB threads, and while the WSB veterans know that they're making a suicide charge for the memes, they have brought thousands of naive, new investors with them - who predominantly think that they're going to somehow come out on top, not realizing that they're cannon fodder for the more savvy WSB users to exit with gains.

Redditors never seem to stop and think about why the WSB guys know so much about derivatives trading.
Or how they seem to know how to access and read from a Bloomberg Terminal.

Or why there are so many users there that can seemingly drop tens or hundreds of thousands of dollars on complicated meme plays.

How do you think that WSB knew that GME was open to a short squeeze and a gamma squeeze play?

WSB's power users are younger finance bros. It's 30-something investment bankers and portfolio managers memeing with each other a. cosplaying as "autists."

If you didn't know what a gamma squeeze was 48 hours ago, you are their exit strategy and the down payment on their next Porsche.

Are You A WSB 'Useful Idiot'?

haifa ac 08:39 GMT January 31, 2021
After all is said and done, more is said than done

The dollar index is at a huge monthly double bottom around 89. More likely to see a multi months rally.

Macau Steven 03:57 GMT January 31, 2021
After all is said and done, more is said than done

US dollar index is in a bear cycle and is gunning for 65 in next few years

Mtl JP 02:02 GMT January 31, 2021
After all is said and done, more is said than done
Reply   


After all is said and done, more is said than done
-
S&P 500 dropped 73.14 points, or 1.9%, to 3,714.324
DJIA dropped 620.74 points, or 2%, to 29,982.62
Nasdaq dropped 266.46 points, or 2%, to 13,070.69

YTD
S&P 500 is down 41.83 points, or 1.1%.
DJIA is down 623.86 points, or 2%.
Nasdaq is up 182.41 points, or 1.4%.

Bloomberg
Dalio Says GameStop Drama Reflects Growing Intolerance in U.S.

Fed’s Daly Pushes Back Against Pulling Policy Aid to Curb Stocks
- "the U.S. central bank should not prematurely withdraw pandemic support for the U.S. economy just because some people are getting rich in the stock market".../.

Fed’s Kaplan Expects ‘Enthusiastic’ Debate on Taper Timing
(kaplan does not vote)

Treasury Market Set for a Respite From Record Supply Onslaught

***
10-yr 1.064%
DLRx 90.515
-- Bloomberg: Shorting the Dollar Is Also Proving Uncomfortable at the Moment

I am biased

Macau Steven 00:36 GMT January 31, 2021
Bitcoin Price Soars 14 Percent After Elon Musk Namecheck on Twitter
Reply   
https://gadgets.ndtv.com/internet/news/bitcoin-price-usd-36901-elon-musk-twitter-14-percent-jump-cryptocurrency-value-gamestop-reddit-2360062

Macau Steven 00:33 GMT January 31, 2021
TW3

Lesson to learn: put all your pride in trash bin before you join the world of trading.

Macau Steven 00:25 GMT January 31, 2021
Bitcoin yesr 2021 trading range

When I first started to collect bitcoins, one bitcoin can buy a pair of nice basketball shoes. After two years, one bitcoin can buy more than 10 ounce of gold. After another 3 years, one bitcoin can now buy a Tesla model 3. The faith in bitcoin has continued to ballon. More and more bitcoins flow to strong hands. The market dynamics support high speed growth curve of bitcoin. The breakdown of dollar hegemony would send the price of bitcoin to over 1 million in few years.

Macau Steven 00:05 GMT January 31, 2021
CONFLICT OF INTEREST

All government officials are liars, arent they.

 




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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