Forex Forum Archive for 02/07/2022

Mtl JP 18:51 GMT February 7, 2022
mkt

GBP 1.3516
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Bank of England
@bankofengland
As the UK's central bank we work to ensure low inflation, trust in banknotes and a stable financial system. Follow our
@BoE_PressOffice

Bank of England
@bankofengland
We�re coming to Southampton. Join our live #BoECitizensPanel on Tuesday 22 February at 6.30pm. We want to hear your views of the economy. It�s free to sign up: https://b-o-e.uk/34lIQYM
@BoECentralSouth

Mtl JP 18:44 GMT February 7, 2022
mkt

the end ... is near
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Bloomberg Economics
@economics
Zimbabwe�s central bank has ruled out a return to using the U.S. dollar as official currency because there�s not enough greenbacks in the country

Mtl JP 17:59 GMT February 7, 2022
mkt

EURO 1.1421
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players continue to zzz as lagarde basically does what players were told to expect , namely walk back her earlier hawk.

Bottom Line
puppy appears to have pulled in (lost?) its bull's balls

S around 1.1415-10-00
break below the figure ... and woosh to 1.1350-ish and the 50day
Res 1.1450/75/85 and the round number above that

GVI Forex 16:22 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA

LaGarde reverts to form with some dovish comments.

Mtl JP 16:09 GMT February 7, 2022
mkt

EURO 1.1436
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lagarde making players zzzz
or she needs to up her yak

PAR 16:02 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA

ECB'S PRESIDENT LAGARDE: HISTORICALLY, INCREASES IN ENERGY PRICES HAVE WEAKENED HOUSEHOLD SPENDING POWER AND REDUCED INFLATION OVER THE MEDIUM TERM.


That is just not true. Higher energy prices led to higher prices of all products as everybody experiences. Lagarde is the exception.

GVI Forex 16:01 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA

One takeaway is she did not walk back the more hawkish pivot from kast week's meeting.

GVI Forex 15:57 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA

ECN President LaGarde says ECB will play its part and show the determination needed to ensure price stability.

Newsquawk.com

Mtl JP 15:10 GMT February 7, 2022
mkt

EURO 1.1438
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10:45 - lagarde will yak

PAR 13:34 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA

ECB buying Italian bonds to prevent Italian yields from hitting 2%.

ECB is giant market manipulation.

macao win11 12:58 GMT February 7, 2022
US dollar medium term top formed
Reply   
US dollar long term chart pattern and recent price action confirm dollar bear cycle. Value of US dollar may loss one third in coming 3-4 years. High inflation will drive oil price to $250. Bitcoin will fly to 500k to 1M at the same time period...

Mtl JP 11:35 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA

"Why does the ECB" ...
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IF ... Holger Zschaepitz is German trader and market expert...
his Q casts doubt on the "expert" part and
IF he is trader, his job is not to ask why but trade (and possibly die)

Mtl JP 10:43 GMT February 7, 2022
mkt

EURO 1.1422
trading market theme cool-aid
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The next �pain trade� could be on the horizon as investors crowd into bets pegged to Fed monetary policy
Feb. 4, Vivien Lou Chen
�We are all following central banks and taking whatever they tell us at face value,� ... �The consensus views in this market scare me,� ... �Reading through various research papers from the Street, I couldn�t find anyone disagree with each other. But if we all agree and put on the same positions, who�s going to take us out� of the trade? ... �who has the size to be their counterparty and take them out of the trade?� ... �The next pain trade could come if " .../..

WSJ Feb. 4, Jon Sindreu
Europe�s Hawkish Pivot Could Be More Bark Than Bite
European central banks are trying to shock consumers� inflation expectations with aggressive rate increases, but what ultimately matters is that these economies are doing worse than the U.S.

ECB's Villeroy pushes back on rate hike bets
Reuters � 04/02/2022
FRANKFURT -European Central Bank policymaker Francois Villeroy de Galhau pushed back against market bets on an upcoming interest rate hike on Friday, saying one �shouldn�t rush to conclusions� about the timing of an ECB move.

ECB's Lagarde on Thursday:
�Inflation is likely to remain elevated for longer than previously expected, but to decline in the course of this year.�
�With the upside surprise we have seen first in December, second in January, I can tell you there was unanimous concern around the table of the Governing Council about inflation numbers,�

PAR 08:33 GMT February 7, 2022
ECB LAGARDE CRUELLA PONZI MAFIA KAFKA
Reply   
Why does the ECB keep on printing money while European inflation is approaching double digits in some countries?


Holger Zschaepitz
@Schuldensuehner
�
Good Morning back from #Germany where financial repression continues. Although nominal 10y yields have turned positive again, now at +0.2%, when you subtract the actual inflation of 4.9%, real yields are left at -4.7%. Real yields are now NEGATIVE for 69 consecutive mths..

dc CB 05:21 GMT February 7, 2022
Trusted soures

I have merely created an intellectual foundation�a chalk outline�to ponder why authoritarianism is here and what could stop it. (Plot spoiler: I do not believe it can be stopped.)

They know where we are, they know our names, they know from our iPhones if we�re on our way to the grocery store or not. But they haven�t acted on that to put people in camps yet. They could do it. We could be East Germany in weeks, in a month. Huge concentration camps and so forth.

~ Daniel Ellsberg (@DanielEllsberg), author of The Pentagon Papers and Secrets


___________________________________

Sleep tight and dream right, my friends at GVI....If you can....
GLuck Trading

dc CB 05:17 GMT February 7, 2022
Trusted soures

The notion that a dozen nitwits should set the most important price of them all�the price of capital�rather than letting the markets set it through price discovery is financial authoritarianism or what some call State Capitalism.

Meanwhile, in 2020�21 the Fed contributed to destroying upwards of a half-million mom �n� pop businesses�they gutted the middle class�while giving BlackRock credit at 0.15% interest rates to buy up all their houses

dc CB 05:00 GMT February 7, 2022
Trusted soures

1st quote Part 3 year in review 2021

"I have a foreboding of an America in my children�s or grandchildren�s time when the United States is a service and information economy; when nearly all the manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what�s true, we slide, almost without noticing, back into superstition and darkness. The dumbing down of America is most evident in the slow decay of substantive content in the enormously influential media, the 30 second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on pseudoscience and superstition, but especially a kind of celebration of ignorance."

~ Carl Sagan, 1995, apparently having invented a time machine

dc CB 04:45 GMT February 7, 2022
Trusted soures



Dave Collum's Year End Review--2021

Part 3---released this weekend.
Posted on ZeroHege site---for one---can be found on other sites.

Sunday Collum: 2021 Year In Review, Part 3 - From 'Insurrection' To Authoritarianism

https://www.zerohedge.com/geopolitical/sunday-collum-2021-year-review-part-3-insurrection-authoritarianism

Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology - Cornell University

dc CB 03:08 GMT February 7, 2022
Trusted soures



Gaps Galore----

Sunday/Monday: After last week�s frigid Arctic blast, temperatures will moderate the next several days over much of the US with highs of 40s to 70s for lighter national demand. There will still be strong demand over the Midwest to Northeast Monday due to lingering chilly air, then warming the rest of the week as the frigid cold pool retreats into Canada. Map shows where the strongest HDDs/demand will be Monday.

Image of the Day

https://natgasweather.com/

Sunday

Dave Collum (We are all truckers)
@DavidBCollum
Prof of Organic Chemistry @ Cornell. Libertarian. Fan of Austrian business cycle, Zero Hedge, gold. Opinions and ideas expressed are not my own.
Cornell UniversityJoined November 2011