I am looking at 50 day 1.0881... ding ding
Mtl JP 13:56:35 GMT - 05/22/2020
Puppy wallowing: showing neither energy to rally nor sick nuff to puke.
GAP from early march is getting long in the tooth.
1.4050 minor Res ahead of 50 day 1.4095.
Above that: 1.4130/50
Sup at Pink line.
Mtl JP 13:26:26 GMT - 05/22/2020
China Communist Party - lead by Xi Jinping - is bent on imposing communist version of democracy on Hong Kong: ban "treason, secession, sedition and subversion".
Trade Opportunity in Hang Seng index (22978 atm)
Mtl JP 13:09:04 GMT - 05/22/2020
3 day holiday week-end likely to see trading peter out after noon with bond market closing early.
Odds are, in absence of data and yakkers, that stocks will drive trading mood in FX.
Euro drop approximately matched with DLR uP magnitude-wise.
Today I am looking at 50 day 1.0881 as S; below 1.0850
Res probably circa 1.0950
dc CB 12:53:15 GMT - 05/22/2020
The United States condemns the PRC proposal to impose national security legislation on Hong Kong and strongly urges Beijing to reconsider. We stand with the people of Hong Kong.
8:26 AM - May 22, 2020
POMPEO SAYS U.S. STANDS WITH PEOPLE OF HONG KONG, STRONGLY URGES BEIJING TO RECONSIDER ITS 'DISASTROUS PROPOSAL' -STATEMENT
U.S. SECRETARY OF STATE POMPEO SAYS CHINA'S DECISION TO BYPASS HONG KONG'S LEGISLATIVE PROCESSES AND IGNORE WILL OF THE PEOPLE 'WOULD BE A DEATH KNELL' FOR AUTONOMY PROMISED UNDER AGREEMENT -STATEMENT
U.S. STRONGLY URGES BEIJING TO RECONSIDER `DISASTROUS PROPOSAL'
Israel MacroMicro 12:47:50 GMT - 05/22/2020
there is no other outcome than 'one country, one system'
question is when?
london red 12:41:09 GMT - 05/22/2020
back in 97 there were folks betting on the peg breaking during the asian crash...it didnt happen. but right around the time of a crisis u always get that talk. unless the chinese roll in with tanks and claim all the $hit as their own, it won't happen.
swiss frank 12:33:09 GMT - 05/22/2020
Martin Armstrong suggesting keep an eye on the peg starting in June.
Futures Slide, Yuan Tumbes, Hang Seng Plunges Most In 5 Years On Hong Kong Crackdown
"China’s move on legislation about Hong Kong and the risk of further deterioration in U.S.-China relations is worrying for market players."
May 22, 2020 7:56 AM
So Which is FAKE NUZ
Futures Slide----Futures Bid
AT Trader john 12:12:46 GMT - 05/22/2020
Equities bid on constructive comments by Fauci on the Moderna vaccine earlier. Importantly he warned the data has not been peer reviewed. LET THE BUYER BEWARE...
AT Trader john 11:52:09 GMT - 05/22/2020
Risk-on in shares. Forex looking for direction.
Mtl JP 10:21:05 GMT - 05/22/2020
just as a donkey-hole, everyone has an opinion
here BoC's poloz:
- there is too much pessimisim about potential for V recovery in 2nd half of 2020
- in a year from canadian economy will be right back to where it was before the pandemic
Before a US holiday stock almost always move higher.
We don't want to spoil the long weekend for the 1%.
So it' easy, BTFD.
Mtl JP 08:49:50 GMT - 05/22/2020
Heading into NY session and 3 day week-end
u.s. stocks liked and posi-responded to states' de-confining
hallucinations that a vaccine will be developed for wuhan_virus also seemed to play a stocks-boosting role
on the other side (the capping one) DJT and Xi continue their mutual nut-kicking (Trump “willing to tolerate greater friction in the bilateral relationship”) = trade opportunities
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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