JP, If I told you that there was a large order in the market to buy EUR and sell GBP would you be looking to sell EURUSD and buy GBPUSD, do the opposite or step aside as the order gets executed?
How You Can Use Currency Crosses to Trade Spot Forex
HOW WRONG is Justin Lahart ?
Kamala Harris Wants to Ban Price Gouging. What Do Economists Say? The line between gouging and normal market forces can be pretty thin. And stopping it is no easy feat either. – By Justin Lahart in WSJ
Lets see…
Price gouging solves itself when 1) the first gouger runs out of supply and when “me too” opportunists arrive with new supply.
2) price gouging, in its pure certified form, gets solved when the gouger gets either shot by pissed gougee or by govt price-control enforcement forces.
TRADER ALERT
A downward revision of 1 million jobs would reduce employment creation to 1.6 million jobs for the year, from 2.6 million, said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.
“That’s why I think that the market is still pricing in about a 25% chance of a 50-basis-point cut in September,” Chandler said. “People thought the Fed was behind the curve in raising rates, and now many people think the Fed is behind the curve in cutting rates.”
Greta … where tfk ARE you ?!
Yesterday I posted (factually per Reuters) that hundreds of millions of individual social security and sensitive data had been hacked and sold on the black market in the dark web in recent weeks. Almost a billion actually. The place to go to see if your data has indeed been hacked and sold is https://npd.pentester.com/.
Reuters poll: S&P 500 to end 2024 at 5600 (May poll 5302, currently 5600); sees 5900 be end-2025
Source: Newsquawk.com
I could say something egomaniacal like “Euro is now officially a sell” but that would be an absurdly arrogant means of verbiage. I wonder how many of them said something almost verbatim this morning in other forums. When a CTA, I learned to be more realistic and responsible than that with one’s language.
There is zero reason to be long UsdJpy today unless some unusual dominant fundamental or market activity condition suddenly arises. Eu metrics are dominant on the buy side in some metrics but there is clear positioning in other metrics on outside months which shows sell side interest building so current levels are producing a pivot level as I type. When this happens usually a sustained shift takes place lasting for one week minimum.
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