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  • #1,199,181
  • Sep 2, 2021 7:59am Sep 2, 2021 7:59am
Quoting OnlineAddict
{quote} So you link an article about something that would make EU stronger as an argument about it getting weaker? What am I missing here?
Think about it - the EU wants to stop tapering now with a 2-3% inflation rate.

Meanwhile in the USA the inflation rate is 5-6% and affecting the economy (slowing slightly) and the FED doesn't want to stop stimulus,i.e., taper?

If the NFP comes in STRONG then it pressures the FED to stop buying bonds and TAPER TANTRUM!

Conversely, if the NFP comes in very weak it would hint at a major economic slowdown in the USA. Why? Tens of thousands will be evicted in September and the US has cut off extra unemployement benefits as well. This "could" result in massive slowdowns in the service industries.

Just food for thought.

Plus I'm expecting a 10% "correction" in the equity market and when that happens safe haven currencies benefit - JPY, CHF, USD

Either way I don't expect any movement until tomorrow and even then with a US Holiday weekend the effects may be minimal. Packing up myself to leave at noon tomorrow.
...because you never know - until you do!
  • #1,199,182
  • Sep 2, 2021 8:01am Sep 2, 2021 8:01am
Quoting fxsport
{quote} Think about it - the EU wants to stop tapering now with a 2-3% inflation rate.

That's the official rate at least. But in the UK (not EU I know), electricity and gas prices are set to rise 12% this winter. Real inflation is much higher.
  • #1,199,183
  • Sep 2, 2021 8:07am Sep 2, 2021 8:07am
Quoting Mcbeaners
{quote} it continues to be accumulated so yes buy that dip (if it comes).
i will add dollar weakness to UJ and UM as well. both should be short on any rise.
In tea leaves we trust!
  • #1,199,184
  • Sep 2, 2021 8:07am Sep 2, 2021 8:07am
Quoting fxsport
{quote} Think about it - the EU wants to stop tapering now with a 2-3% inflation rate. Meanwhile in the USA the inflation rate is 5-6% and affecting the economy (slowing slightly) and the FED doesn't want to stop stimulus,i.e., taper? If the NFP comes in STRONG then it pressures the FED to stop buying bonds and TAPER TANTRUM! Conversely, if the NFP comes in very weak it would hint at a major economic slowdown in the USA. Why? Tens of thousands will be evicted in September and the US has cut off extra unemployement benefits as well. This "could"...
The thing about taper...first, it doesn't matter how good NFP is, FED will not start tapering anytime soon, definitely not this year, it would make everything collapse over there like a house of cards. Second, even if they did, its now fully priced in by the market. I see no good outcome for the dollar at the moment...I will start shorting EU around 2250.
Everyone can see the chart, but only a few can actually read it.
  • #1,199,185
  • Sep 2, 2021 8:13am Sep 2, 2021 8:13am
Gap closed. Blue dots
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POSTMASTER
  • #1,199,186
  • Sep 2, 2021 8:21am Sep 2, 2021 8:21am
USD perilously close to being in the cloud
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  • #1,199,187
  • Sep 2, 2021 8:21am Sep 2, 2021 8:21am
It is quite bullish. I think it will soon reach 1.1600 and then continue moving further north.
  • #1,199,188
  • Sep 2, 2021 10:13am Sep 2, 2021 10:13am
Quoting materforex
{quote} Yea, if you want to buy first, go ahead lol. xd
It is now 5 pips away...
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Only an idiot knows with certainty to where the market is going.
  • #1,199,189
  • Sep 2, 2021 10:43am Sep 2, 2021 10:43am
This is panning out just fine; USD is now deeply in the cloud. It could very easily storm back out of course
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  • #1,199,190
  • Sep 2, 2021 11:03am Sep 2, 2021 11:03am
da boys are still accumulating. so dip buying should continue.
In tea leaves we trust!
  • #1,199,191
  • Sep 2, 2021 11:29am Sep 2, 2021 11:29am
Not so much movement from what I was expecting, tomorrow's NFP may continue, or destroy this uptrend.

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Looking for profitable short term trades ...|
  • #1,199,192
  • Sep 2, 2021 11:33am Sep 2, 2021 11:33am
I feel these days liquidity providers are stopping supply and move against retailers and stop out them. The move is onesided and volume kept low is purely for this purpose... So blind shorting or buying seeing the price high or low can backfire..
  • #1,199,193
  • Sep 2, 2021 2:55pm Sep 2, 2021 2:55pm
Quoting Leesi
I feel these days liquidity providers are stopping supply and move against retailers and stop out them. The move is onesided and volume kept low is purely for this purpose... So blind shorting or buying seeing the price high or low can backfire..
Do retail traders really have enough money on the table for the big players to care about them?
  • #1,199,194
  • Sep 2, 2021 7:08pm Sep 2, 2021 7:08pm
Yesterday trading, price still headed up to uptrend, the price success break upper band line, it's mean there is increase volatility market, but today I guess many traders will focus on NFP news and before the news released, probably the price will sideways, but this not always happens, sometimes before news releases the movement already move high volatile.
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  • #1,199,195
  • Sep 2, 2021 7:47pm Sep 2, 2021 7:47pm
Quoting Fxoday
Yesterday trading, price still headed up to uptrend, the price success break upper band line, it's mean there is increase volatility market, but today I guess many traders will focus on NFP news and before the news released, probably the price will sideways, but this not always happens, sometimes before news releases the movement already move high volatile. {image}
Yes, I agree with you. Sometimes Market already moves days or weeks before data release and it will still price in, days or weeks after released.

Adjusted my stops tighter..
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Only an idiot knows with certainty to where the market is going.
  • #1,199,196
  • Sep 3, 2021 12:19am Sep 3, 2021 12:19am
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$JY 5' For me 109.79 is a nice bottom. LONG now.

  • #1,199,197
  • Sep 3, 2021 12:33am Sep 3, 2021 12:33am
my buy zone, should it drop there on non-farm. still being accumulated though.
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In tea leaves we trust!
  • #1,199,198
  • Sep 3, 2021 1:47am Sep 3, 2021 1:47am
Just a forecast, but remember 1st Friday of the Month NFP should be watched.

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Looking for profitable short term trades ...|
  • #1,199,199
  • Sep 3, 2021 2:07am Sep 3, 2021 2:07am
Quoting MrBullBear
{quote} It is now 5 pips away... {image}
wow, amazing! I am still waiting to sell EURUSD xd. I guess it's coming soon, especially during news give a strong sell.
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  • #1,199,200
  • Sep 3, 2021 6:32am Sep 3, 2021 6:32am
Not trading this, but I suspect a drop down, rise up, and then drop right off downwards.
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