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AnonymousAnonymous
A look at the day ahead in European and global markets from Rae Wee
The Reserve Bank of Australia (RBA) on Tuesday joined the Federal Reserve in a chorus of caution as it pushed back against bets for imminent rate cuts, and even kept a tightening bias at the conclusion of its policy meeting….Full story
healing bleeding hearts: some bits to leave some bits to take
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* It’s not uncommon to turn to material possessions to fill the void created by isolation.* Being part of a community can be more rewarding than the temporary satisfaction that comes from spending.
* Even small acts of kindness can make us braver and bolder in connecting with people.
Op-ed: Embrace community over consumerism. It may be the secret to a more satisfying life – on cnbc of all places
AnonymousAnonymousMTL, I am Pro USD ( but that means nothing, as I really hate EUR )
Now my View for today :
There are two options – pattern wise – one is for support at 1.07450 to hold for now and we go up till the end of the day – in that case I only can get involved on very small time frames ( don’t like buying in this conditions ) . As I said last night, Resistance is at 1.08200 and even 1.08400. From there I would expect next day to just fall down and go through the support.
Second possibility is for support to be broken in next hour or so…and again I would have to play on small time frames…entry, stop, profit and all….
I would of course prefer that they do behave as I expect, so I can get in tomorrow for a bigger move…but we’ll see how it developspotential warning or potential profit opps
“an alternate reality dominated by fear and loathing.”
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about those who have at least one postgraduate degree, earn more than $150,000 a year, and live in or near citiesHow young elites are protesting against their own best interests
An Opinion By Steven W. Mosher – NY Post
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
The Reserve Bank of Australia on Tuesday and the Reserve Bank of India on Thursday are both expected to hold policy unchanged, extending a lengthening trend of no action among major central banks which are in no hurry to cut rates given still high levels of inflation combined with still stable economic activity.
Economic highlights include Eurozone retail sales on Tuesday which are expected to fall once again; German manufacturing orders on Tuesday and German industrial production on Wednesday are both expected to be flat. Chinese consumer prices on Thursday are expected to remain in contraction, while Canada’s labour force survey on Friday is expected to rebound in January after coming in flat in December.
MTL – have you seen Market overview ?
HELLO ! Yield | 5:36 AM EST
4.091% up+0.06
https://www.cnbc.com/quotes/US10YI just love this Tools of ours….I don’t have to rapidly open my trading station , just to see what’s going on…
One click at the Real time charts here and voila…I can look at it and come back to forum to blubber 😀EURO 1.0750
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“In a time of Universal Deceit – telling the truth is a revolutionary act.” – OrwellJerome Powell: Full 2024 60 Minutes interview transcript
POWELL: Well, interesting, you know, we were being honest, and I was being honest in saying that we thought there would be pain. And we thought that the pain would likely come, as it has in so many past cycles, in the form of higher unemployment. That hasn’t happened. …
PELLEY: I wonder why?
POWELL: Yeah, it’s historically unusual. And I think we’ll be able to say much more definitively when we’re looking back years from now what, why it is. But I’ll tell you why I think it is.honest vs truthful
“Honesty and truthfulness are not the same thing. Being honest means not telling lies. Being truthful means actively making known all the full truth of a matter. Lawyers must be honest, but they do not have to be truthful.”I am biased and my bet is that
jerome & co. will not be cutting rates in this year 2024EURO 1.0770 as I type.
puppy is ever-so gingerly trying to punch through 1.0780 Sup—-
is powell’s “interview” LIVE or is it a few days old pre-registration ?
how about amateur hour mostly benefitting CBS News ’60 Minutes’ eyeball count
cbsnews peddles it as
“There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.”EURUSD
After quite a drop on Friday, caused by the number of numerous data positive for USD , it is a question what happens next ??
Well, base on the pattern, derived from the daily chart , early Europe might just pick it up, for no good reason whatsoever, except for the custom to buy EUR at all times…Now there is a possibility to reach the first Resistance at 1.08200, but depending on the mood of those involved, it can reach up to 1.08400 and still be in the strong downtrend.
Support awaits at 1.07450 and might prove to be a bit stubborn…nevertheless , once taken out ( as pattern suggests at least another 3-4 weeks of down pressure ), opens the road to first target in 1.05 area. Now, if that happens, we’ll be targeting parity , over period of time. I’ll be with you and updates tomorrow Europe morning…Ciao -
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