[Mtl JP]

I disagree w/jerome that strong labour market is good news

[Mtl JP]

wondering how algo would interpret say something like “foreseeable”

[SF Monedge]

Internals on US stocks are positive but not emphatically.  Would call it hanging in there so far.  Bid/Ask volume is muted interestingly.

[Mtl JP]

no change

[SF Monedge]

The expectation – no change by the Fed.  The strength – USD overall.  The economy – signs of weakness appearing of late.  My belief is initially stocks and Euro won’t behave well but likely pull up post-Fed after a great deal of volatility and reluctantly continue to find buyer interest into next week.  In my book 0685 Euro  has to clear and hold for bids to find daylight that sticks.

[Mtl JP]

from nurse jeff cox
…” could be months — or even longer”…
talking about how long FED could be keeping rate between 5.25%-5.5%

now I am not sure I undersdand what “even longer” than “months” means. You ?
tia

https://www.cnbc.com/2024/04/30/heres-everything-to-expect-when-the-fed-wraps-up-its-meeting-wednesday.html

[Mtl JP]

Banking 102
– pay attention peasant:

“If a failing bank is insured by the FDIC, all depositors will be paid “up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category.”

https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html

[Mtl JP]

if Powell is less hawkish players might start to think the man has lost a gear

and price a mistake by the FED

[GVI Forex]

Another case of looking bid in an offered market.

It took hours to see some pre-FOMC position squaring in what is still yawn ranges.

Only surprise would be if Powell is less hawkish.

[SF Monedge]

Selling Usd light if it hits 106.30 ahead of Fed.  Intra-day only and maybe not for long.

[Mtl JP]

DLRx 106.07
–
As I expected dlr upside is wishi-washi ahead of FED at 14:00hrs and jerome’s explenation hlf hour later

the lyrics of his song are an open secret
beyond the expected wait till more confidence builders appear , jerome will very likely NOT take a cut off the table and may even mumble something about the possibility of a hike.

All in aggregate I expect that the player collective is not likeley to be surprised by anything jerome may share which implies, in my optique, low odds of a dlr ramp up.

IF for some nebulous reason to me I the dollar pop up, I will likely be looking to fade it.

Unless of course jerome makes some very overt hawk comments

[Mtl JP]

I apologize Knez.
–
posi-pips ADD money to my trading account. (posi=pips = gain)
nega-pips reduce the money balance of my account. (nega-pips = loss)

[Ab hk]

Gold can’t blast on usd bad news, watch out

[SF Monedge]

Got out with a few and flat.  EurUsd is bid overall intra-day.  Need to see this pan out.

[SF Monedge]

I’m short EurUsd light from just above market to see if it sticks.  Intra only.

[GVI Forex]

USDJPY ONE HOUR CHART – I TOLD YOIU ABOUT THE BOJ

I posted this week that the BoJ looks at the same charts and technicals as we do. I pointed out that if there was a level to defend (covertly) it would be 158 as 61.8% of 160.16-164.49 = 157.994.

The high so far today has been 157.985.

This suggests the intervention risk would increase above 158 and not below it.

[GVI Forex]

Mixed bag for iSM… miss on the downside (sub-50) but prices rise

See our Economic Calendar

[GVI Forex]

ISM PMI is due up next. The market has been very sensitive to any misses.

[SF Monedge]

Of note -monthly yields are up and yearly yields are down.  Says something.

[GVI Forex]

I have said many times that identifying the side to trade at any point in time is more than half the battle in putting on successful trades. Here is an illustration from the earlier run-up in EURUSD.

Visit The Amazing Trader

[Author]

Posts