Forex Forum Archive for 09/1/2023

Mtl JP 18:45 GMT September 1, 2023
mkt



satanic ...
because yield on USD is down yet it is the EURO that is down !!

something to think about (like the "why")

Mtl JP 18:33 GMT September 1, 2023
mkt



is this what fx trading is about ?

pic = million+ words

Mtl JP 18:28 GMT September 1, 2023
mkt



IEEE-HA !

1.0777

after-school forex evil satanic scientific humorist

Mtl JP 17:54 GMT September 1, 2023
Mkt

PAR 14:40 maybe I am wrong , it is a possibility
but
you invoke - in me - wild fantasies about volontary bdsm whereby a do-gooding christian dreamer (you) is velcroed (or handcuffed) inside a greed-celebrating profit-seeking satanists' coven (forex)

Mtl JP 17:42 GMT September 1, 2023
mkt

1.0789
one could think bottom is in
but always subject to the potential of after-school forex evil satanic scientific humorist

Mtl JP 16:31 GMT September 1, 2023
mkt



EURO 1.078-sh
ref my JP 06:37- EURO 1.0832
1,0780/60 looks like reasonable odds trgt
-
1.0781 s good nuff for me

a lot of things to discuss, maybe, but I am happy in the dome now
avagoodone all

PAR 15:31 GMT September 1, 2023
mkt

Higher US rates giving boost to the US dollar.

Higher dollar needed to bring down WTI prices.

Mtl JP 14:51 GMT September 1, 2023
mkt



I am tuned in to the break of the slanted H&S Sup price line AND
us 10yr rate as the driver

Belgrade Bobby 14:47 GMT September 1, 2023
mkt

Anyways , when you sit back a bit and ignore price reaction and bidding going on in every second, this was one clear Tail for Sale on hourly :D

Belgrade Bobby 14:43 GMT September 1, 2023
mkt



Look at the support coming in

PAR 14:40 GMT September 1, 2023
Mkt

Never believe a politician or a banker?

Mtl JP 14:34 GMT September 1, 2023
mkt



EURO 1.0814
-
how is this chart for talking about direction, magnitude and timing
trading's three essential components, unlike those of "expert economists" ?

I am reminded of one of g-v's old-timers trademark
"right church. wrong pue" - LA Mel

Mtl JP 14:28 GMT September 1, 2023
Mkt

PAR 14:05 it does not matter how many times
the important thing is ... ahh wtf

the important thing is ... I guess it depends on our individual orientation

u inspire me to ask: why do you choose to walk on the path misery, frustration and .. maybe .. proximity to anger, depression or despair ?

Mtl JP 14:07 GMT September 1, 2023
mkt

partially useful "news" headline:
-
The Wall Street Journal - 8h ago
Summer Was Calm for Eurozone Government Bond Spreads
This has been one of the quietest summers for eurozone government bond spreads in many years, Deutsche Bank Research said, with the ECB�s quantitative tightening under the asset purchase program well-flagged and didn�t lead to any disruptions. ... �The trading range of the 10-year GDP-weighted spread vs Bund was just 5bp, ie. 82-87bps (vis-a-vis a 32bp trading range over the past one year),� they say in a note. Even the most volatile of eurozone government bond spreads�the 10-year Italian BTP-German Bund spread�traded within a tight 15 basis-point range during the summer months (155-170bp) versus a 90bp range over the past one year, Deutsche Bank analysts say. The European Central Bank�s quantitative tightening under the asset purchase program had been well-flagged and didn�t lead to any disruptions, they add. blablabla aaaaahhhHHH

Why ? Because, to my way of thinking, it rouses one (who is alive and agile) to ask (one of my comfort-disrupting questions) :
so what ... what does it mean
for what is next

PAR 14:05 GMT September 1, 2023
Mkt

As usual, US banks put everybody on the wrong foot so that they can make easy money. How many times have we seen that ?

Mtl JP 13:54 GMT September 1, 2023
US PAYROLLS

NEXT RELEASE
August 2023 CPI data are scheduled to be released on September 13, 2023, at 8:30 A.M. Eastern Time

Consumer Price Index

Mtl JP 13:48 GMT September 1, 2023
US PAYROLLS

higher NFP is just one component of what jerome talked about when he said his and gang's rate decision will weigh an amalgam of incoming data. They still have 2.5 weeks of weighing left:

Federal Reserve 2023 Meeting Schedule
June 13-14 - poof
July 25-26 - poof
September 19-20
Oct/Nov 31-1
December 12-13

GVI Forex 13:41 GMT September 1, 2023
Mkt

US yields pushing higher despite data (yield curve flattening)

GVI Forex 12:34 GMT September 1, 2023
US PAYROLLS

Higher NFP
Higher unemployment rate
Weaker earnings

Hk Ab 12:34 GMT September 1, 2023
Mkt
Reply   
Gold�. Lol

Belgrade Bobby 12:33 GMT September 1, 2023
Trading

Next hurdle at 1.08935

PAR 12:32 GMT September 1, 2023
US PAYROLLS

Better than expected. What did you expect?

Belgrade Bobby 11:40 GMT September 1, 2023
Trading
Reply   


I was ready to share something today , but so far market goes nowhere. However, there might be some risky opportunities after the first block of data at 14:30 ( 08:30 EST ), and later on (16:00 ) . As you can see from the chart (1h) , eurusd is locked within the rectangle , with resistance at 1.08600 and support 1.08250 ( that support is important as it held at 8:00 - european entry ) , and it was possible to trade it only using very small time frames , with very small stops and very modest gains :) I will be following it , and in the case that opportunity arises , I will let you know .

Belgrade Bobby 11:23 GMT September 1, 2023
EURUSD current destiny

Nice to see you Cape :D Years have passed by like seconds...let's kick some more as long as we can :D

Mtl JP 11:03 GMT September 1, 2023
mkt

new profit opp in the making
maybe
-
approx 6 million mortgages in Canada, total residential mortgage debt of C$2 trillion at the start of the year. Now Canada's major banks report that approx 20% of these are non-performing.

Major mortgage insurer - Canada Guaranty - cuts back on disclosing information about homeowners with underwater loans - aug 20, 2023

Canadian Mortgage Default Risk Is The Highest In The OECD: IMF
- June 2, 2023

PAR 09:08 GMT September 1, 2023
US PAYROLLS
Reply   
With most banks predicting rather weak numbers, one should take the contrary view and look for rather solid numbers.

Back to school, leisure, and hospitality should give a temporary boost to NFP.

Cape Town 07:47 GMT September 1, 2023
EURUSD current destiny

Limassol -Bobby ... Definitely not forgotten! Not actively trading fx right now but I follow mkts and the forum most days.

PAR 07:22 GMT September 1, 2023
FRANCE GOVERNMENT BUDGET DEFICIT
Reply   
-168.99 billion. IN ONE MONTH.


France's government budget deficit widened to EUR 168.99 billion in January to July 2023, up from 131.22 billion in the same period last year. Total expenditure rose by 5.4 percent to EUR 319.25 billion, while revenues declined by 7.7 percent to EUR 178.05 billion. Moreover, the Treasury special accounts, which track the balance of inflows and outflows of targeted revenues and outlays, for example receipts from local government, recorded a shortfall of 27.79 billion, compared with a gap of EUR 21.11 billion in the same period a year ago.

source: Ministere de l'�conomie, des Finances, de l'Action et des Comptes publics, France

Mtl JP 06:37 GMT September 1, 2023
mkt



EURO 1.0832
-
1,0780/60 looks like reasonable odds trgt

Belgrade Knez 05:52 GMT September 1, 2023
EURUSD current destiny

Mtl JP 17:56 GMT August 31, 2023
Belgrade Bobby 21:06 (Knez ?)
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I am not Bobby!