EURO 1.0634
DING DING DING DING
knocking on early Sup
odds are for lower in s/t
Mtl JP 23:00:12 GMT - 09/20/2023
EURO 1.0655-ish
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under 75 shorter term tech bias is now bearish
next Support that needs to give is 1.0635, obvious to everyone.
IF dlr bulls and euro bears can push the puppy sub 1,06 and contnue, then a 200 or so pip run down is a decent odds probability
Mtl JP 21:44:28 GMT - 09/20/2023
here is one powell statement I don't agree with:
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“A soft landing is a primary objective,” “The record is clear on that—if you don't restore price stability, inflation comes back,” “So the best thing we can do for everyone, we believe, is to restore price stability,”
jerome's lust for more convincing evidence" is going to be the gaming theme ahead of next FOMC meeting.
all that players will have to argue about exactly what is "convincing evidence". in the meantime indigestion food for degenerate players
Mtl JP 21:33:16 GMT - 09/20/2023
powell says
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“We want to see convincing evidence, really, that we have reached the appropriate level,” “We've seen progress, and we welcome that—but you know, we need to see more progress before we would be willing to reach that conclusion.” - sept 20 2023
that s my boy !
Caribbean! Rafe... 20:34:53 GMT - 09/20/2023
umm hmm... yep, waiting for the rate cut straightment...
while secretly digging into a bowl of air fried nuts...
look stait ahead at the TV not at the nuts!!
oouucch! let em' cool down for sometime. ouuuuccchouch!!
Belgrade Bobby 18:07:17 GMT - 09/20/2023
Strong support at 1.06550 .... I would like to see it gone ...but not sure it is going to happen right now
Mtl JP 18:05:30 GMT - 09/20/2023
PPOOFF 1.0675 Sup
bit of house cleaning
GVI Forex18:04:54 GMT - 09/20/2023
Fed : hawkish pause
Mtl JP 18:02:04 GMT - 09/20/2023
degenerate players already grabbing for FEDs nuts
Mtl JP 18:01:29 GMT - 09/20/2023
fed chickens out
unchanged lol
Belgrade Bobby 17:59:57 GMT - 09/20/2023
Some ground yes, but not a foothold ...needs to go above 1.08000 and stay there for the Bulls to start dictating...
Mtl JP 17:58:26 GMT - 09/20/2023
EURO 1.0727
only IF euro closes N of 1.0765 will the bulls gain some ground.
Supp around 1.0675
jerome yaks in 30 minutes after
Mtl JP 17:31:55 GMT - 09/20/2023
to only sound = to not only sound
Mtl JP 17:30:46 GMT - 09/20/2023
DLR/X 104.38
somewhat on the downside, ie. soft/er
overwhelming expectation for the FED gang to stay pat this time BUT also one must not forget what jerome prognosticated at jackson hole about inflation - namely "stubborn" - so even IF it takes a pass today I m expecting playrs will , few moments later, price jerome's keeping the door open and the odds for next meeting. ie. from 5.5 to 5.65%
for the dlr to pop uP the FEDs will have to only sound hawkish but also convince players of their hawkishness.
Mtl JP 10:59:02 GMT - 09/20/2023
ALGORYTHM
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a very precise sequence of ordered instructions to follow
really just a like a recipe, only with more , much much more detail
Mtl JP 10:06:39 GMT - 09/20/2023
EURO 1.07
Jefff Cox
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* There’s virtually no chance the U.S. central bank will choose to raise its benchmark borrowing rate when its two-day meeting concludes Wednesday.
* The meeting will feature the Fed’s quarterly update on what it expects for a bevy of key indicators — interest rates, gross domestic product, inflation and unemployment.
* There’s widespread belief the Fed will make sure the market knows that it shouldn’t make assumptions about what’s next.
ALERT Entry: Target: Stop:
Consumer price index +6.7% in Aug vs Reuters poll +7.0%
Underlying inflation measures also fall
Investors add to bets on BoE rate hike pause this week
UK still has high inflation compared with other countries
Hunt says government plan working but inflation still too high
LONDON, Sept 20 (Reuters) - Britain's high inflation rate unexpectedly fell, prompting investors to raise bets on the Bank of England pausing its long run of interest rates hikes as soon as Thursday.
Sept 19 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
China is expected to keep benchmark lending rates unchanged on Wednesday, grabbing the spotlight in Asia as the relentless rise in oil prices toward $100 a barrel seeps deeper into investor sentiment globally
more good news
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Yahoo Finance
Why the Fed's economic forecasts aren't always forecasts for the Fed
...with the CME's FedWatch tool showing a 99% probability rates do not change, ... And with Wednesday expected to see the Fed sit tight, there are three choices facing the central bank over the balance of the year: raise rates in November, raise rates in December, or change its forecast.
Which way the Fed breaks on this question will likely shape much of the market's reaction on Wednesday.
ahhhh ... the market's reaction ... isn't that what degenerate gamers thrive on ?
good news
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The Fed Isn't Getting the Economy It Expected
..."While policy makers are almost certain to keep rates on hold, and might be comfortable leaving them on hold for the remainder of the year, rate cuts are likely to be even further from their minds now."...
India just waking up to
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Trudeau accuses India's government of involvement in killing of Canadian Sikh leader - CBC
"Canadian security agencies have been actively pursuing credible allegations of a potential link between agents of the Government of India and the killing of a Canadian citizen, Hardeep Singh Nijjar," Trudeau said Monday in a speech to the House of Commons.
GVI Forex23:26:15 GMT - 09/18/2023
MARKET CHATTER Entry: Target: Stop:
Sept 19 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
The calm before the potential storm?
Ahead of a raft of central bank meetings this week, most notably the U.S. Federal Reserve's latest decision, outlook and guidance on Wednesday, investors have started the week cautiously and key markets have been confined to tight trading ranges.
With the Fed widely expected to keep rates on hold this week, traders will be focused on the so-called dot plot summary of economic forecasts. The two main questions are whether policymakers will retain their projections for one more 25 basis-point hike by year-end — and how much easing they are penciling in for 2024. In June, they projected 1 percentage point of cuts.
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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