[SF Monedge]

JP – It’s a Great White Soros.  They’ve been around for millions of years.  One of them crashed Sterling decades ago.  They lurk in murky water.  Side note, am short Norwegian Krone/Yen now.

[Mtl JP]

thing is … on Friday afternoon especially , one never knows what kind of shark is lurking for their opportunity and waiting, bidding their time . they are usually highly secretive and elusive and sly and not into sharing

[Mtl JP]

or laying a trap lololol

[Mtl JP]

sf – 8836 —- somebody sneaki is onto me / u

[SF Monedge]

JP – I already took the money on the earlier UsdChf sell andam flat. Looking for another pop above 8840 next week to short again if deemed viable.

[Mtl JP]

usdchf 8840 ish is making a H&S structural shoulder on the hourly.

I like H&S plays. IF n when 8840 breaks down and holds as Res then measured trgt is 8786

[Mtl JP]

USDCHF 8843
looks like it is basing around here and so stretching the 8889 – 8843 GAP thusly

still above its previous approx 8815 top of old range

[Mtl JP]

SF / hail yellen !
“The U.S. national debt is rising by $1 trillion about every 100 days” – cnbc

[Mtl JP]

SF / Tyler has what I think is a good question: will The Fed start QE Reverse-Twist… and hike rates to tamp down a resurgent inflation thanks to animal spirits 2.0 prompted by their prior pivot?

[SF Monedge]

JP – it feels to me like they are more reactive to the markets/economy, which is how it should be.  The one’s who are full of hot air are Yellen and Powell.  Yellen because she is a communist and Powell because he is scared lol.

Believe AudJpy has decent odds to challenge 98.30-40 area eventually where it would be prudent to consider the sell side for positioning even if it inevitably challenges 99 from a longer term viewpoint.  Currently 98.05.  EurJpy will inevitably trade below 162 looking outward, likely after another short lived bout of buy side interest.

[Mtl JP]

SF is the FED pre-emptive or just reactive to having been blind (and therefore ambushed – no-one saw it coming)

[SF Monedge]

Mary Daly, San Francisco (my home town) FED President is the one to listen to.

She explains very cleanly how, what and why they are implementing the policies they are.  The babble is not there.  Straight shooter, eloquent, rational, common sense.  Bottom line from her is we are not quite there yet for a rate adjustment.

[SF Monedge]

JP – JP – well that is what happened to us when we were stuck at 4% LDR for a year lol.  Very large layoff ensued, myself included due to out of balance salary on the high side for my title.  Offered a new position but passed.

Regarding Boj –

Ueda is pretty rational in my view though  never having met the man.  If the 2% is yet to be achieved he should say so.  Tempered Usd/Jpy enthusiasm going forward.  No way I am on the buy side at these levels.

[Mtl JP]

Monedge …”management “identified material weaknesses in the company’s internal controls related to internal loan review, resulting from ineffective oversight, risk assessment and monitoring activities.”…

anybody being held accountable aka career being relegated to flipping burgers ?

[Mtl JP]

USDCHF 8857
developing a price GAP

fwiw

[SF Monedge]

New York Community Bank has fallen 26% this morning after disclosing loan oversight weaknesses.  When I worked with a fortune 500 bank at the headquarters, a loan default rate of 4% is very bad.  If their LDR is anything like 4% or more that bank is in serious trouble and ripe for a takeover.

[Belgrade Knez]

one rule I always obey:
never stay in the trade during red data release, new session opening or NY cut time……. wish I obey all my rules as I obey this one

[Mtl JP]

witnessing the reversing magic of 10am ny hanki-panki

[GVI Forex]

ISM missed on the downside

UofM consumer sentiment revised lower

See our Economic Calendar

[Mtl JP]

Monedge u like ueda’s overnite dissing ideas of hike?
I think this clown has most credibility from market

[Author]

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