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The Swamp

  • #99,901
  • Apr 27, 2022 3:13am Apr 27, 2022 3:13am
Quoting Boulder
{quote} Gold book for now.. short bounce again later.. {image}
I booked gold too early.. free fall to 1886.. almost my TP
  • #99,902
  • Apr 27, 2022 3:15am Apr 27, 2022 3:15am
Quoting xav
7:22 AM GMT+2 POLAND: Russian Gas Supplies Resume To Poland: Reuters
I thought it was a joke the first time. Spoiled child threatens to take the ball and go home. The jackass needs money for the war. So he cuts off a money supply. He was threatening to do what USA wanted the others to do on their own. The governments didnt want to harm their economies . Politicians wanted not to upset their voters with higher energy. The politicians had a excuse if Putin did it. Putin was shooting himself in the foot again. He had to back-off.
those who can, do. those who cant, talk about those who can
  • #99,903
  • Apr 27, 2022 3:17am Apr 27, 2022 3:17am
Quoting Boulder
{quote} I booked gold too early.. free fall to 1886.. almost my TP
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1873.57 is the opposite end of 1980.24. It may bounce back toward 1980.. 1926.90 is 1/2. Monitor close side 187.57
those who can, do. those who cant, talk about those who can
  • #99,904
  • Apr 27, 2022 3:20am Apr 27, 2022 3:20am
Quoting DMA Trader
{quote} almost 40 pips up can we get above 630 ?
The daily ATR will not stay at 66.6 pips...today will be a new High 1.06541 or a new Low 1.05875...most likely for the high...
I am who I am
  • #99,905
  • Apr 27, 2022 3:26am Apr 27, 2022 3:26am
I did get the ea long. But i already closed it. I may be able to get the trade again if the eu drops closer to 0486.
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those who can, do. those who cant, talk about those who can
  • #99,906
  • Apr 27, 2022 3:33am Apr 27, 2022 3:33am
1/2 way there 0486.
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those who can, do. those who cant, talk about those who can
  • #99,907
  • Apr 27, 2022 3:37am Apr 27, 2022 3:37am
Quoting gatorinla
I did get the ea long. But i already closed it. I may be able to get the trade again if the eu drops closer to 0486. {image}
I need the eu to drop and .7146 support to hold the aud again.

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those who can, do. those who cant, talk about those who can
  • #99,908
  • Apr 27, 2022 3:49am Apr 27, 2022 3:49am
Quoting xav
{quote} I don't think these headlines are insignificant though. Yes, the news is BS but now they start aligning in the direction of the trend. That's a good sign for basing. I see 1.05 as a better than average place to bounce. 1.02 is going to be tough too. And we have left over business at 1.15 / 1.20. I hear more and more talk about parity. That's also a good sign. Today the EZ is about 5% more competitive than 4 weeks ago. That more than offsets current energy price increases. And we still have several percentage wiggle room until eu gets too...
it is because of exports ? yes
but besides that who is going to hold eur ?
are companies in US going to hold euro on the business they made in europe ? no

are europe companies - going to hold euro ? probably not
are russians ?chinese ? indians ? i don't think so

So Lagarde is breaking the first rule in monetary policy - stable currency

if trust is out - then bye bye

the only one that can stop is Powell - but atm also for USA it's important to have King Dollar.

If Powell doesn't blink next week and goes volker style - we are in for some difficult times imo
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #99,909
  • Apr 27, 2022 4:00am Apr 27, 2022 4:00am
Quoting DMA Trader
{quote} it is because of exports ? yes but besides that who is going to hold eur ? are companies in US going to hold euro on the business they made in europe ? no are europe companies - going to hold euro ? probably not are russians ?chinese ? indians ? i don't think so So Lagarde is breaking the first rule in monetary policy - stable currency if trust is out - then bye bye the only one that can stop is Powell - but atm also for USA it's important to have King Dollar. If Powell doesn't blink next week and goes volker style - we are in for...
corporate finance 101: you keep accounts receivable in the same currency as accounts payable
unless you want to go the way of a bunch of SE Asian countries...
so the entire EZ economy is still be euro based
  • #99,910
  • Apr 27, 2022 4:01am Apr 27, 2022 4:01am
Quoting DMA Trader
{quote} it is because of exports ? yes but besides that who is going to hold eur ? are companies in US going to hold euro on the business they made in europe ? no are europe companies - going to hold euro ? probably not are russians ?chinese ? indians ? i don't think so So Lagarde is breaking the first rule in monetary policy - stable currency if trust is out - then bye bye the only one that can stop is Powell - but atm also for USA it's important to have King Dollar. If Powell doesn't blink next week and goes volker style - we are in for some difficult...
When Europe was building things and paying more for energy it was tough. When the U.S. started producing more energy, EU was on the way down. Now, not only is the energy price more % difference than ever. The supply of energy is not stable. The basket of currencies now known as the EZ. Was less than 0.600. The GBP was 0.4 in 1970. The GBP rose after the U.S. got off the gold standard. But a lot of the rise was energy related. Gold just gets the credit.
those who can, do. those who cant, talk about those who can
  • #99,911
  • Apr 27, 2022 4:07am Apr 27, 2022 4:07am
*TEN EUROPEAN GAS BUYERS OPENED GAZPROMBANK ACCOUNTS FOR RUBLES
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #99,912
  • Apr 27, 2022 4:08am Apr 27, 2022 4:08am
Quoting xav
{quote} corporate finance 101: you keep accounts receivable in the same currency as accounts payable unless you want to go the way of a bunch of SE Asian countries... so the entire EZ economy is still be euro based
you are payed and you pay in euro
you don't keep money in euro -

all companies have USD accounts. people too

you also hedge your FX exposure that also means you sell euro
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #99,913
  • Apr 27, 2022 4:15am Apr 27, 2022 4:15am
Quoting gatorinla
{quote} When Europe was building things and paying more for energy it was tough. When the U.S. started producing more energy, EU was on the way down. Now, not only is the energy price more % difference than ever. The supply of energy is not stable. The basket of currencies now known as the EZ. Was less than 0.600. The GBP was 0.4 in 1970. The GBP rose after the U.S. got off the gold standard. But a lot of the rise was energy related. Gold just gets the credit.
PS here is a hint for you all. China subsidized energy for all those American/European companies having things built in China. What happens when those subsidies are not sustainable? When you spend a bunch on a military the money for other things dries up. When you have to import most of your oil like Japan, EZ, China, and most of Asia. Its not a positive.
those who can, do. those who cant, talk about those who can
  • #99,914
  • Apr 27, 2022 4:18am Apr 27, 2022 4:18am
Quoting DMA Trader
*TEN EUROPEAN GAS BUYERS OPENED GAZPROMBANK ACCOUNTS FOR RUBLES
Hmmm and what bank is that? What bank is going to cut off its own nuts? Not the account, hell i can do that. What bank will do the exchange?
those who can, do. those who cant, talk about those who can
  • #99,915
  • Apr 27, 2022 4:27am Apr 27, 2022 4:27am
40 countries here. Plus a bunch not mentioned yet. Those will include Israel and several M.E. countries not being named yet.
https://www.reuters.com/world/us-hos...se-2022-04-25/
those who can, do. those who cant, talk about those who can
  • #99,916
  • Apr 27, 2022 4:30am Apr 27, 2022 4:30am
There must be pallets of Rubles being exchanged. https://sanctionsnews.bakermckenzie....nts-in-russia/
those who can, do. those who cant, talk about those who can
  • #99,917
  • Apr 27, 2022 4:36am Apr 27, 2022 4:36am
Quoting gatorinla
{quote} PS here is a hint for you all. China subsidized energy for all those American/European companies having things built in China. What happens when those subsidies are not sustainable? When you spend a bunch on a military the money for other things dries up. When you have to import most of your oil like Japan, EZ, China, and most of Asia. Its not a positive.
The little boy point to the king and says. '' you got no fucking clothes on''.

Economies built on sand exposed.

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those who can, do. those who cant, talk about those who can
  • #99,918
  • Apr 27, 2022 5:00am Apr 27, 2022 5:00am
Hello Gator, hello everyone

Good Morning from London $£
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #99,919
  • Apr 27, 2022 5:00am Apr 27, 2022 5:00am
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #99,920
  • Apr 27, 2022 5:02am Apr 27, 2022 5:02am
Good Lock everyone
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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