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- Jade Gate commented May 15, 2024
Can it possibly be, that market is FINALLY getting the point that bad US data is NOT in fact good for equities, since there is no more bail out money to be had? And that bad US data means the USD is staring down the barrel of rate hikes, not cuts?
US retail sales flat in April, falling short of Wall Street's expectations
- Jade Gate replied May 15, 2024
we get used to covering our arses, comes with the territory
- Jade Gate replied May 15, 2024
Price will often do 20 more pips than you might expect (clears out weak stops, enables buy in before the dump), then get stuck, channel or go into reversal. Or it may continue the merry romp, triumphing over EU data. EURGBP chart needs ...
- Jade Gate replied May 15, 2024
Of course there isn't much integrity in the data, BUT it will at least reflect some baseline info from the PPI data yesterday and it would be glaringly obvious to all and sundry if there was a sizeable divergence, and therefore be a bureaucratic ...
Cable Update (GBPUSD)
- Jade Gate commented May 14, 2024
Correct, no rate cuts for the Fed. More likely hiking but until that happens, USD confidence is being tested. It's going to be a volatile ride for the USD. Bond market will be going bat shit crazy on this data = bad for equities. More CPI data ...
BOE's Pill: Can cut rates while leaving stance restrictive
- Jade Gate commented May 14, 2024
you know me too well. No telling secrets out of school. But see, the US is stuffed unless they can get the price of oil to drop out of the sky
- Jade Gate commented May 14, 2024
Sibling rivalry ECB and BOE. Who's gonna be first past the post? They both wanna smack the US Fed's rear end, and smacked hard it will be if either of them get to the rate reduction post before the Fed (wailing and gnashing of teeth, how could we ...
BOE's Pill: Can cut rates while leaving stance restrictive
- Jade Gate replied May 10, 2024
And now the sisters are both dealing with 200 ema (red) and 200 sma (purple) on daily charts. And same pesky ma's on GU 4H chart. Oil contract rolls over tomorrow, so market is going to need USD. We shall see..
Cable Update (GBPUSD)
- Jade Gate replied May 1, 2024
Market seems a tad wary of the 61.8 fib on UJ, now why would that be?
Cable Update (GBPUSD)
- Jade Gate commented Apr 28, 2024
Very much doubt that "officials" will act. More like market itself will do the job and do it thoroughly. Call it instinct (and timing).
Yen Watchers Ask Where Is Japan as Currency Losses Accelerate
- Jade Gate commented Apr 25, 2024
They won't intervene. They have their instructions from Mummy. They will be the obedient children that they are. It must suck for them being told how to behave. Unlike the SNB who is all grown up and makes their own decisions without consulting ...
Yellen: Currency Intervention is Acceptable Only in Very Rare and Exceptional Circumstances
- Jade Gate replied Apr 25, 2024
There will be barely any movement when the JPY rate decision comes out, except for the Yen pairs to go on another north romp like they did last time with BOJ's "surprise" rate decision. GBPUSD and USDJPY have always had an inverse correlation to ...
Cable Update (GBPUSD)
- Jade Gate replied Apr 25, 2024
If ever those JPY fuckwits running the show are planning to intervene, NOW NOW NOW is the time to do it. Stupid meaningless words and even more stupid BOJ rate policy isn't going to come even close to dealing with the mess they've made.
Cable Update (GBPUSD)
- Jade Gate replied Apr 25, 2024
Do have to wonder if the Yen will EVER resume the role it once had, as the lead indicator for "risk off". Is this the week for it or no?
Cable Update (GBPUSD)
- Jade Gate replied Apr 24, 2024
They are "sisters", EU and GU. Like most sisters, sometimes they get along well, travelling in the same direction. Other times, they hate each other's guts, and make it known, going in opposite directions. That's why watching the EURGBP cross ...
Cable Update (GBPUSD)
- Jade Gate replied Apr 24, 2024
VIX tanked yesterday during US session when equities were having a north party. VIX doesn't trade without US equities live.
Cable Update (GBPUSD)
- Jade Gate replied Apr 24, 2024
Very possible. OIL chart - strong collection of wicks on daily chart, meaning north
Cable Update (GBPUSD)
- Jade Gate replied Apr 24, 2024
Something big is afoot. Don't know what yet, but the indices all look like they wanna go south and USDCHF is in an ascending wedge pattern. UJ also looks like it wants to go on another north romp. USD demand (?) but for what purpose (?). Unknown as ...
Cable Update (GBPUSD)
- Jade Gate replied Apr 23, 2024
LOL my stops were much lower than the time of posting that chart. I always move them down (or up) before sleep since I'm on the other side of the planet. This is where my stop was. Trades all booked in good profit while I slept. Woke with a nice ...
Cable Update (GBPUSD)
- Jade Gate commented Apr 23, 2024
Aus has all kinds of social security type payments for parents to incentivize people to breed. If you have 4 kids, you (as the stay at home parent) never have to work, and collect a motza from the govt. Only problem is that the ppl who do breed 4+ ...
The RBNZ can’t shake off the strength in domestic inflation