Forex Forum Archive for 08/16/2022

Mtl JP 21:57 GMT August 16, 2022
mkt

end of crypto original purpose
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Reuters - Federal Reserve issues guidance for banks considering crypto activities
The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted.

POOF ! crypto

Mtl JP 20:45 GMT August 16, 2022
mkt



greek to you. just common sense to me.

ya believe history will repeat ?

dc CB 20:23 GMT August 16, 2022
mkt

dc CB 21:10 GMT 08/15/2022
US 'consumer' earnings reports next two days---Before Mkt Open.
Tues: Home Depot, Walmart.
Wed: Lowes, Target.
______________________________________________

It was setting up to be a quiet day, with futures drifting lower from their 4,300+ highs hit on Monday, when this morning Walmart's blowout results (at least relatively to sharply lower expectations) and guidance hike sent the stock of the retailer soaring...... lifting all heavily-shorted consumer discretionary stocks

https://www.zerohedge.com/markets/massive-meme-meltup-sparks-marketwide-squeeze-until-hartnett-says-sell

dc CB 20:18 GMT August 16, 2022
mkt


ES---mini futures--- high 4327.5 at 2PM----sold off hard for the next half hour

chart

dc CB 20:11 GMT August 16, 2022
mkt

Nomura Warns Of "Lumpy Gamma" Set To Expire This Friday

...the reality of the Equities price-action is not even about �past peak inflation� and this �cutting of the left-tail�...

Instead, Equities continues to be about �mechanical� flows in the market, particularly:

The magnitude of Options Dealer $Gamma which is stifling Vol, with big �gravity� at the 4300 strike being the largest on the board ($5.33B

More 'it's Greek to me'

dc CB 20:07 GMT August 16, 2022
mkt

BofA's Michael Hartnett, the most accurate strategist on Wall Street who one month ago called the meltup, has a simple message: fade SPX >4328... (ZH)

ES---mini futures--- high 4327.5 at 2PM----sold off hard for the next half hour

https://www.zerohedge.com/markets/mood-no-longer-apocalyptic-wall-streets-most-accurate-strategist-says-start-shorting-sp-now

Mtl JP 19:42 GMT August 16, 2022
2022 FOMC MEETING DATES
Reply   
2022 FOMC MEETING DATES:

September 20-21
-- 21 = statement at 1800gmt; conf 1830gmt

November 1-2
-- 2 = statement 1800gmt; conf 1830gmt

December 13-14
-- 14 = statement at 1800gmt; conf 1830gmt

***
yakkers:
Aug 17 at 1330 & at 1820gmt - bowman
Aug 18 at 1720gmt - george on economic outlook
--------------------- - kashkari at 1745gmt
Aug 19 - Barkin at 1300gmt on economy
Aug 23 - kashkari at 2300gmt
Aug 31 - bostic some yik yak at 2230gmt

Sept 1 - bostic at 1930gmt (to some undergrads)
Sept 8 - evans on current econ conditions or monetary policy at 1600gmt
Sept 9 - on career pathways at 1400gmt
Sept 29-30 mester // �Inflation: Drivers and Dynamics Conference
Sept 30 - brainard and williams //remarks before hybrid Financial Stability Considerations for Monetary Policy Conference

Mtl JP 17:24 GMT August 16, 2022
mkt

DJIA 34200-ish; 10-yr 2.83
IF jerome "could be appropriate" was intended to scare players it appears to be suffering marketing dilemma
-
something is wrong either with FED's communication n guidance
OR
something is wrong with players' cognition of FED's communication n guidance

think the FED gang is last-minute massaging the minutes (?)

Mtl JP 15:18 GMT August 16, 2022
mkt

I m from the gov't and I am here to help / save you
-
�The Biden-Harris Administration will continue to stand up for borrowers who�ve been cheated by their colleges, while working to strengthen oversight and enforcement to protect today�s students from similar deception and abuse,� To date, the Biden-Harris Administration has approved the cancellation of nearly $32 billion in student loans for 1.6 million borrowers. .../..

curious mind would like to know:
what about the fraud perpetrators at ITT Tech ?

Biden administration cancels $3.9 billion in student debt for 208,000 borrowers defrauded by ITT Tech

Mtl JP 14:39 GMT August 16, 2022
mkt

EURO 1.019x

GVI Forex 11:48 GMT October 25, 2021
The forex market is on a never ending quest to run stops.

ya... quest lol

Mtl JP 14:27 GMT August 16, 2022
mkt

usd slips

OR euro rallies
is there a difference ?

GVI Forex 14:18 GMT August 16, 2022
mkt

Yields up

FX not paying attention as usd slips

jpy the underperformer

Stocks undecided

August trading

Mtl JP 13:53 GMT August 16, 2022
mkt

EURO 1.0165
-
up around Res price point
I am biased. Biased down.

puppy would need to race uP N of 1.0200/20+ to change mood

Mtl JP 13:30 GMT August 16, 2022
mkt



trade call anyone ?

NZDUSD .6326
RBNZ this evening
-
50bps expected n priced

Mtl JP 13:24 GMT August 16, 2022
mkt



us "risk" looking somewhat weak(er) atm while DLR has a bit of upside flavor to it

opportunistically scalping day for me

PAR 13:02 GMT August 16, 2022
WAR AND PEACE

Privatize profits and socialize losses. As always.

European taxpayers are going to pay for this war.

It is starting in Germany. Each family will have to pay an additional �500 to use American gas instead of Russian gas.

Will this stop the war? I don't think so.

Let's do like Zelensky. BUY NOW. PAY NEVER.

Mtl JP 12:53 GMT August 16, 2022
mkt

no guarantee but today should be a nothingburger type trading day
ahead of tom's fed's minutes.

as players voluntarily set themselves for thrall to the FED gang and see if they parse odds of another jerome 75bps hike that "could be appropriate"
something that , lest players forget, should be "incoming data driven"

Mtl JP 12:01 GMT August 16, 2022
mkt

US 10-yr US 10-YR 2.806% +0.015
-
Bond types still not "getting it"

Belgrade Knez 11:54 GMT August 16, 2022
WAR AND PEACE

I am not surprised of Zelensky's demands but I am surprised of Europe blindly following what ever he said no matter how much that will harm Europe itself

PAR 11:45 GMT August 16, 2022
WAR AND PEACE
Reply   
Ukrainian President Volodymyr Zelenskyy issued a fresh call on Friday (12 August) for European Union states to ban visas for Russian nationals to keep the bloc from becoming a �supermarket� open to anyone with the means to enter.

Zelenskyy said his proposal did not apply to Russians who needed help for risking their freedom or their lives by resisting Kremlin leader Vladimir Putin�s policies.

�There must be guarantees that Russian killers or accomplices of state terror not use Schengen visas,� Zelenskyy said in a nightly address, referring to visas granting the holder access to the border-free Schengen Area that spans several EU states.

�Secondly, we must not destroy the very idea of Europe � our common European values. Europe must therefore not be transformed into a supermarket where it is not important who walks in and where the main thing is that people just pay for their goods.�

Zelenskyy first urged a visa ban in an interview this week with the Washington Post, saying Russians should live in their own world until they changed their philosophy.

Zelenskyy�s appeal has yet to win support from the EU�s major players.

The European Commission has questioned the feasibility of a blanket ban, saying certain categories such as family members, journalists and dissidents should always be granted visas.

Latvia, Lithuania and the Czech Republic have already stopped issuing visas to most Russians, while Finland and Estonia recently called for the EU to do so jointly.

Estonia said on Thursday it will from next week prevent most Russians from entering the country with visas issued by Estonian authorities, cutting off a popular route into Europe�s passport-free Schengen zone.

While exceptions apply, the Foreign Ministry for Estonia, a European Union member, said it will also cease to issue visas to Russians for work, study and business in the country.

Estonia said it will continue to honour visas issued by other European countries, and also allows students already in the country to finish their degrees.

Exceptions were also made for Russians who have long-term residence permits or are entering on humanitarian grounds, visitors to close relatives, diplomats and their families, and workers in international goods and passenger transport.

Kremlin spokesman Dmitry Peskov denounced Zelenskyy�s appeal this week, saying �any attempt to isolate Russians or Russia is a process that has no prospects�.

Mtl JP 11:39 GMT August 16, 2022
mkt



DLRx, Euro, "risk"
-
price lines in the sand
resting, breathing, waiting for ...
a catalyst

GVI 09:37 GMT August 16, 2022
mkt

A look at the day ahead in European and global markets from Anshuman Daga

While global stocks are still hovering near multi-month highs, despite a batch of bad economic data from China, worries about a sharp slowdown in growth are keeping them rangebound.

Morning Bid: Growth pangs linger

Mtl JP 02:17 GMT August 16, 2022
mkt

EURO 1.0166
-
it is now possible "they" are going to try to scare shorts from 1.0200/15-ish