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- newbegger commented Jun 9, 2020
We are living in interesting times. I do remember times like these, war, riots, gold price rockting higher. Today the COVID-19. The last time was Bretton Woods. Yikes!
Nasdaq hits record high as U.S. recession becomes official
- newbegger commented May 29, 2020
"Surprise, Surprise, Surprise" he says with his big grin.
Personal Income and Outlays: April 2020
- newbegger commented Apr 20, 2020
It may not work the way money printing has in the past. I was an adult in the 1970's and this does not feel the same. To get asset inflation, has to be more cash chasing fewer goods. So far, cash is disappearing faster than anything, except hand ...
Trump warns China could face consequences for virus outbreak
- newbegger commented Apr 19, 2020
I am curious why you post anything on Forex Factory? You are clearly not a trader?. Your 2+2+2+2=4 logic makes no sense? Are you someone with inherited wealth and have all of your financial needs met but have no other means of entertainment then to ...
Trump warns China could face consequences for virus outbreak
- newbegger commented Mar 26, 2020
I do not have notes but as I remember the last high in October 1982, I was almost laid off in March/April of 1982. My boss kept me on for 1 day of week per week so I could keep my health benefits. We were expecting a baby in June and really needed ...
Unemployment insurance weekly claims
- newbegger commented Mar 17, 2020
I do not think these are accurate numbers as there was a extra day, 29, and there was a lot of stockpiling for COVD-19. Maybe some of the surveys went unanswered as they were busy stocking up on toilet paper and hand sanitizer.
U.S. Retail Sales Fell in February Ahead of Virus Impact
- newbegger commented Dec 4, 2019
I agree with the poster who said the trade already priced in "no cut". This appears to be the movers running stops as next move by BOC is expected rate cut and Fed is on hold. I just bought at 1.3200 Target around 1.3260 Stop below 1.3120
Bank of Canada maintains overnight rate target at 1 ¾ percent
- newbegger commented Aug 6, 2019
I hope this does not turn into 1997 all over again. I had horrible year as I was in futures like an idiot. I was not buying AOL, ATHM or WCOM.
PBOC Sets Yuan Mid Point At 6.9996
- newbegger commented May 10, 2019
A picture from CNN shows the tariff situation. Notice how almost all of China imports are subject to tariff while about half of US imports subject to tariff. The real story is that much of the imported product is US based companies so the US ...
In response to US tariff rate increase, China says that it is forced to retaliate, adding that it...
- newbegger commented Feb 21, 2019
Expect this, happens every day in trading. Rumours I was short audusd so this rumor suited me well. Now I am long from low prices as I expect higher prices. News been pretty good for Australia, except falling real estate.
China's Dalian Customs Bans Australian Coal Imports Indefinitely - Source
- newbegger commented Feb 21, 2019
Yes, Exactly. Where does Australian mining companies buy their heavy mining rigs from?
China's Dalian Customs Bans Australian Coal Imports Indefinitely - Source
- newbegger commented Feb 21, 2019
This is bad move and will be reversed very soon. I am buying Aud as this is easy money in long run. China is not a customer for Aud, china is the seller of cheap stuff. Expect tariffs on chinese products and suddenly china will change policy. And my ...
China's Dalian Customs Bans Australian Coal Imports Indefinitely - Source
- newbegger commented Oct 9, 2018
Other than brief correction from oversold, there is no reason to buy down under currencies against any majors. Only buy these against other doomed currencies like Turkish lira
NZ dollar down US10c so far this year, may fall further - economists
- newbegger commented Oct 3, 2018
Nothing new in this statement yet people are reacting as if there is. I think this is a set up for bad US news.
Fed Powell: May Raise Rates Past 'Neutral' Rates Need To Be Gradually Moving Toward Normal
- newbegger commented Jan 24, 2018
Definitely not a morning star, was a bull trap. Shorted the break of 110.000 and trailing stops. USD going down hard on Davos and the brewing trade wars, no one wants to hold USD right now.
Fox news reporting a shutdown coming
- newbegger commented Jan 19, 2018
There was nice pin bar on the weekly chart but now looking like morning star, which is not as reliable. Have to wait for confirmation. Looked good yesterday that USDJPY was going up. Different picture today. I am clueless?
Fox news reporting a shutdown coming
- newbegger commented Jan 19, 2018
This is from Babypips article "Based on the movement of the dollar index back in 2011 and 2013, it seems that the currency reacted mostly to risk sentiment and actually banked on its safe-haven appeal when the government was shut down." "the ...
Fox news reporting a shutdown coming
- newbegger commented Jan 14, 2018
Corporate USA complains there are not enough "qualified" workers. And the FOMC and most US politicians believe them. So very often these speakers sound like half-wits. And some times these people are half witted, book smart but no common sense.
Fed's Boston President Rosengren: Further jobless rate drop risks undermining recovery
- newbegger commented Jan 14, 2018
Yes. And for some reason the FOMC believe they can effect companies employment policies. You have to remember that most of the FOMC members have never had a job in for-profit companies and are clueless to how employment works. They think "Tenure" is ...
Fed's Boston President Rosengren: Further jobless rate drop risks undermining recovery