US Trade balance = - 59.8 B That is the biggest US trade deficit since Sept 2008 Trade war benefit = None. Bullying the whole world with threats, gangster-like negociations and illegal tariffs have only triggered a global slowdown that is now starting to hit US shores. Economy 101 and reality check for the clown.
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Running a Presidential campaign on that as a measure of political/economic success is a boneheaded idea. But if you're gonna do it despite that fact, you really don't want to do it like this:
{quote} Running a Presidential campaign on that as a measure of political/economic success is a boneheaded idea. But if you're gonna do it despite that fact, you really don't want to do it like this: {image}
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Trade balance never been vital for US economy. But having an opinion on sharp topics after reading 3 tweets is trendy nowadays..
EURUSD H4 finding support on ultimate break up point
but still thinking we are sitting too low ahead of ECB to hold the current level in the upcoming sessions
ES straight up 2798 to the fine line. Testing again. {image}
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You nailed it again, well done, sadly still sideline here
but took short in CAC today as price was reaching the highs of Oct 10 big break down candle (ES is trading that big one too but highs are much further)
hopefully 519x and 515x.
{quote} You nailed it again, well done, sadly still sideline here but took short in CAC today as price was reaching the highs of Oct 10 big break down candle (ES is trading that big one too but highs are much further) hopefully 519x and 515x.
-> Macroeconomic projections for the euro area to come Real GDP 2018 2019 2020 2021 December 2018 : 1.9 1.7 1.7 1.5 March 2019 : HCIP 2018 2019 2020 2021 December 2018 : 1.8 1.6 1.7 1.8 March 2019 :
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-> Macroeconomic projections for the euro area - March 2019 Update
Real GDP 2019 2020 2021
1.1 1.6 1.5
HCIP 2019 2020 2021
1.2 1.5 1.6
Both revised down, big revision for 2018 2019
Revision down were expected, not sure 20182019 one was expected to be so important
{quote} ... EU tripping at the lows ahead of ECB leaves bulls with very few margin ... smells crunching time ... Expectations are a dovish ECB...
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All in all, expectations were a dovish ECB, and ECB was very dovish imo
TA wise, usual suspect 1.125x is still holding
=> giving the benefit of the doubt and deleveraging 25% of my hedge here
=> keeping the remaining for 1.118x (50%) and 1.112x (25%)
... considering where EU is sitting now, odds for ECB flow visiting 1.11 handle (=>1.118x => 1.112x) are quite high ...
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as it stands, ECB flow with an inline NFP/AHE tomorrow looks set to test the bottom of the new range 1.112x with intermediate target at 1.118x
only a big miss tomorrow will short circuit the flow imo
after, there is still that potential bullish combo pending from newt week onwards to aim the flip 1.131x ad the new top 1.142x
{quote} was surprised we didn't visit 273x and even 272x, maybe not finished zigzag in CAC took my shorts out, poor outlook had the upper hand over LTRO
The Really Useless Thread
