Bonds are experiencing a bit of moderate pushback on the attempt to catch wind that has been in play since 4/16 (US). The bid has held since but with this pullback I am paying special attention to the 20yr Index currently at 90.21 and looking like it might test sub-90 and in my view if 89.70 holds we would see yields drop and the Euro as well. I like to pay attention to a group of things because sometimes you get a little “heads up.” A bit of an inflection point starting this week. Just some added input. You know what my position is on Usd.
JP – Regarding your:
April 22, 2024 at 9:37 am
Trading THEME , week of april 22
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Correctly identify the degree of difference in the messaging on interest rates from ECB and the Fed AND how much traction that theme has with players and you ll have your “go with” or “go against” trade bias
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JP it seems to me that ECB wants to start cutting but is apprehensive and waiting for the FED to work in unison. They are communist after all so they like herd mentality.
AI Replace a Human Trader ?
your morning chuckle:
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Frm WSJ:
Move Aside, Banks: Giant Funds Now Rule Wall Street
Asset managers are growing into huge and complex financial supermarkets that mint billionaires by the dozen.
Big Tech Faces Earnings Test After Market Rout
The Magnificent Seven stocks lost nearly $1 trillion in combined market value last week, increasing pressure on the group to deliver
Business Tripping: The Professionals Trying Drugs to Get Better at Work
EURGBP DAILY CHART – BREAKOUT MODE
The key level on this chart is .8715, now needing to hold the,8620 break to expose it.
On the downside, it keeps a risk on the upside as long as it stays above .8550, stronger while above the.8585 breakout level.
Even if you don’t trade EURGBP you can use it as a clue to trade GBPUSD and EURUSD as I explain in
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‘How you Can Use Currency Crosses to Trade Spot Forex
Knez Belgrade
Amman, on the 3rd of April you wrote that the price would go to 1.0666 if stays below 1.0760……after you wrote it, the price went up to 1.0885 …..so how is this a good call please?
Just for your information, the price did not close below 10760 before rising to 10885 so where is the problem?
GBPUSD WEEKLY – HOW LOW CAN IT GO?
I had to go to the weekly chart to find the next key level that is not until 1.2035.
That may be a reach as it would imply a much stronger dollar but that is what this chart shows following the break of 1.2499
If trading the GBPUSD, keep an eye on EURGBO as this was the flow that sent it lower on Friday.
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AS TRADERS, SHOULD WE WORRIED THAT WE WILL BE REPLACED BY AI AND BOTS?
THIS QUESTION IS DEALT WITH IN THIS INSIGHTFUL BLOG ARTICLE POSTED OVER THE WEEKEND.
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