Forex Forum Archive for 08/10/2022

dc CB 21:35 GMT August 10, 2022
INFLATION

Analysis of Google search data reveals that searches for 'sell my house' exploded 147% in the United States as of July 2022 - the highest level in internet history for America. This comes as Americans face rising property and rent costs, with fears of a recession looming.
Searches For 'Sell My House' Exploded

The analysis, by luxury real estate platform RubyHome reveals that searches for 'sell my house' exploded to over double the average volume within the past month, an unprecedented increase in Americans looking to sell their property, according to Google search data analysis. The data also reveals that searches for 'sell my house for cash' is also at an all time high.

This comes at a time where the U.S. housing market sees mortgage rates doubling from this time last year (5.5% up from 2.8%), and according to Zillow, the average house price in America is up 20.7% on last year at $350,000.

https://www.zerohedge.com/news/2022-08-10/searches-sell-my-house-hits-its-highest-point-us-internet-history

PAR 20:39 GMT August 10, 2022
INFLATION
Reply   
I guess we are already seeing the first effects of the

"INFLATION REDUCTION ACT" ?

Mtl JP 18:55 GMT August 10, 2022
mkt

Kashkari says
-
* suggestion that central bank will cut interest-rates early next year 'is not realistic'

* July CPI data is 'first hint' that inflation is starting to move in right direction

* continues to believe that the U.S. central bank will need to raise its policy rate to 3.9% by year-end and to 4.4% by the end of 2023 to fight inflation

* the Fed is "far, far away from declaring victory"

* �We Are Going To Get Inflation Down To 2%�
- - Recession Risk �Would Not Deter Me From Doing What's Needed�

dc CB 17:41 GMT August 10, 2022
mkt

dc CB 13:45 GMT 08/10/2022
There is a 10Y auction at 1pm EDT....so this CPI print is welcome news for Gammy Yellen
______________________________________________

today's sale of $35BN in paper came in at 2.755%, down from 2.94% in July and the 2nd consecutive decline; the yield also stopped through the 2.7610% When Issued by 0.6bps

Overall, this was a 2nd consecutive stellar 10Y auction which just like inflation, has seen yields top and are now sliding fast as the US economy is headed for a recession, an outcome which will send 10Y yields far lower from here even as the curve inverts to even more grotesque levels.

Tomorrow the 30Y auction

CPI Miss With One Of The Strongest 10Y Auctions In History

Mtl JP 17:09 GMT August 10, 2022
mkt



DLRx 104.84

potential development
break under S t-line

Mtl JP 16:11 GMT August 10, 2022
mkt

forewarned = fore-armed:
Under the government�s latest �reasonable worst-case scenario,�
-
Bloomberg Aug 9, 2022
UK Plans for Blackouts in January in Emergency Energy Plan
- Reasonable worst-case scenario envisages 4-day power shortfall
- Industry, households could face planned power outages

Mtl JP 15:54 GMT August 10, 2022
mkt

fresh from the optometrist
Evans says
-
* sees central bank raising benchmark interest rate to range of 3.25% to 3.5% by end of year, and then up to 3.75%-4% range in 2023

Israel MacroMicro 15:47 GMT August 10, 2022
mkt

Ahmed said:
_________________________________________
Israel MacroMicro 13:39 GMT August 9, 2022
mkt: Reply
opened long NQ @ 13040

for 18/30 hours from now

let's see
__________________________________________

Israel MacroMicro 15:29 GMT August 10, 2022
mkt

ALERT
Entry: Target: Stop:

NQ longs for 18/30 hours since 13040 and lower hold nice pips for living now, take action!

bye 👋

Mtl JP 15:29 GMT August 10, 2022
mkt

Evans says
-
* sees interest-rate hikes continuing for the rest of the year and into next year

* July CPI data �the first positive report�

* �I�m not looking for the economy to turn down in a significant fashion�

dc CB 14:51 GMT August 10, 2022
mkt

DOE
Crude +5.457mm (-400k exp)
Cushing +723k
Gasoline -4.978mm
Distillates +2.166mm

After the prior week's surprise build, analysts expected a small draw this week (while API reported another sizable build). However, analysts were seriously wrong with crude inventories rising by 5.457mm. Cushing stocks are also up for the 6th straight week.(ZH)

Mtl JP 13:46 GMT August 10, 2022
mkt

GBP 1.2197
-
puppy is a sell under 1.2250 and 1.22

**

headlines:
U.S. stocks open sharply higher after inflation report for July came in below forecast
S&P 500 opens 1.4% higher; Nasdaq Composite jumps 2.3%
Dow industrials up 455 points, or 1.4%

11:00 evans on economy and mon policy
14:00 kashkari on "inflation"

dc CB 13:45 GMT August 10, 2022
mkt

There is a 10Y auction at 1pm EDT....so this CPI print is welcome news for Gammy Yellen

dc CB 13:42 GMT August 10, 2022
mkt

Market wide the Viagra kicked in @ 8:30AM EDT----ZeroHedge tweeted --'who leaked'

The boners are starting to droop---Crude, Silver. At the cash open looking like the NazzyDak has shot its load.

PAR 13:24 GMT August 10, 2022
mkt

"Significant Material Cost Increases": Ford Hikes Prices Of EV Truck By Up To $7,000
Tyler Durden's Photo
BY TYLER DURDEN
WEDNESDAY, AUG 10, 2022 - 02:20 PM

Ford Motor Company is the latest automaker to announce a price hike for its electric vehicle (EV) due to "significant material cost increases and other factors."

The Detroit automaker adjusted the MSRP on the F-150 Lightning for the first time since it was revealed in the spring of 2021. Since then, industrial metal prices for batteries, including nickel, manganese, cobalt, and lithium, have jumped, forcing the automaker to raise the new EV truck prices by up to $7,000, depending on the model.

Mtl JP 13:01 GMT August 10, 2022
mkt



happy gillmore
-
need to see "compelling evidence"

PAR 12:55 GMT August 10, 2022
RECESSION
Reply   
Lower prices could be indicating a lack of demand and could start to hurt corporate profits.

Hk Ab 12:49 GMT August 10, 2022
Mkt
Reply   
Seems buy the rumour sell the fact�..

Do some gold 1804

PAR 12:40 GMT August 10, 2022
DEFLATION

Could we see a September rate cut?

PAR 12:34 GMT August 10, 2022
DEFLATION
Reply   
The risks of deflation are accelerating. Will FED start to reverse hikes?

Mtl JP 11:58 GMT August 10, 2022
mkt

GBP 1.2120
-
R 1.2135-40
S 1.2060

PAR 11:58 GMT August 10, 2022
RISK ON

Yesterday, stock prices started to soar as many investors brace for an upcoming inflation report. If the report shows significant improvement, the market will likely see some rallies today.

Mtl JP 08:36 GMT August 10, 2022
mkt

update tuning the fiddle for
8:30 a.m. ET concert
-
CPI expectation +0.2% vs +1.3% in June
y/y 8.7% in July vs 9.1% in June
core y/y CPI expectation: 6.1% vs 5.9% for the 12 months that ended in June

core strips out volatile food and energy costs.

Mtl JP 08:20 GMT August 10, 2022
mkt



GBP 1.2083
..."75,000 people have pledged"...
current: 96,64x and +
-
�a tragedy for many, many people.�
The typical household is expected to spend the equivalent of �4,266 on energy each year from January.
Prime Minister Boris Johnson�s spokesperson said it would be up to his successor to make decisions on the matter.

YESSS ! "I am from the gov't and here to help"

�A tragedy�: Britain�s cost-of-living crisis worsens as rents soar and energy bills top $5,000

Mtl JP 07:59 GMT August 10, 2022
mkt

tuning the fiddle for
8:30 a.m. ET concert
-
CPI expectation +0.2% vs +1.3% in June
y/y 8.7% in July vs 9.1% in June

Mtl JP 07:48 GMT August 10, 2022
mkt

2-yr 3.2699%; 10-yr 2.7992%; 30-yr 3.0098%
-
Reuters - Demand for FX derivatives jumps as central banks prep rate rises - CME Group

"conditions are ripe for larger-than-expected (rate) increases, which market participants are clearly preparing for." - CME Group senior economist Erik Norland

Mtl JP 07:39 GMT August 10, 2022
mkt

double Depends time schadenfreude
-
�When we were turning out big profits, I became somewhat delirious, and looking back at myself now, I am quite embarrassed and remorseful,� CEO Masayoshi Son at a press conference on Monday.

because �the market and the world is in confusion�

Mtl JP 07:28 GMT August 10, 2022
mkt

CRUDE 89.40
-
IF puppy does not hold S here
3 more down-bux come trgt radar

Mtl JP 06:59 GMT August 10, 2022
mkt

DLRx 106.17
on deck today
-
US CPI
Evans & Kashkari

Belgrade Knez 06:48 GMT August 10, 2022
Winter in Germany
Reply   
-Dad, why is it cold in our house?
-Because it's war, son.
-Did anyone attack us?
-No, Russia invaded Ukraine.
-But why is cold in here?
-Because we imposed sanctions on Russia.
-Why?
-So the Russian can feel bad.
-Dad, are we Russian?