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  • #1
  • First Post: Jul 3, 2024 2:20am Jul 3, 2024 2:20am
Quoting LukaPetek
The BOJ and government of Japan seem to not know what a balance sheet is, nor do any of them understand what their balance sheet means for Japan. There is no fiscal discipline and only punch bowl forever. And the idea that punch bowl forever just perpetuates the problem is not even on their radar. And every time they prop up another hundred thousand zombie companies they seem to think they have done their job.
It is not possible to make the yen stronger just by increasing rates. The Japanese has an inverted popluation pyramid where more people are not working. If BoJ raise rates, that will only encourage less spending, resulting in a stagnant economy, which begets the question-how could the companies hire? This of course brings the problem of the retired and young not being supported financially.
  • #2
  • Jul 3, 2024 4:21am Jul 3, 2024 4:21am
Quoting axecap
{quote} 2342.84 short with tight stop. scalping seems wise at the moment
What's your TP and SL? Thank you.
  • #3
  • Jul 3, 2024 6:31am Jul 3, 2024 6:31am
Quoting spijack
gold break above range level... NY expecting to retest 2338-42, 2330-33... {image}
Top done, time to create new low? Sell?
Merci.
  • #4
  • Jul 3, 2024 8:53am Jul 3, 2024 8:53am
Sell 1.274. TP 1.2630.

100 pips waterfall incoming. It has hit the upper limit for the week and 3 black crows validated.
  • #5
  • Jul 3, 2024 9:30am Jul 3, 2024 9:30am
IC Markets is horrible. The secure client login always freezes and has a huge delay during US session.
  • #6
  • Jul 4, 2024 2:34am Jul 4, 2024 2:34am
Quoting purplax
{quote} Good summary here: https://www.forexfactory.com/news/1292374-minutes-of-the-federal-open-market-committee-june Edit: TLDR; Rate hikes not out of question. Not much else.
But USD still not getting bids. Very weird.

I won't say the minutes were "bullish", but I see it as neutral with slight bullish.
  • #7
  • Jul 4, 2024 2:46am Jul 4, 2024 2:46am
Quoting rehmatkhan00
salam to all and good morning
Hello good morning. What is your forecast for EURUSD today? I am expecting a drop to 1.07 again.
  • #8
  • Jul 4, 2024 5:12am Jul 4, 2024 5:12am
Quoting BeeTogether
UK data was a pretty big miss, looks like we are in range zone

I'm surprised EUR/USD and GBP/USD are still green. Base on data, they should be at least 30 pips in the red.
  • #9
  • Jul 4, 2024 6:45am Jul 4, 2024 6:45am
Quoting Mrbhatti
I think the gold will go sell??? {image}
Sell silver is a better choice. Silver has no strength.
  • #10
  • Jul 4, 2024 7:40am Jul 4, 2024 7:40am
Quoting Mrbhatti
I think the gold will go sell??? {image}
Why would you think that? DXY has not rallied at all.
  • #11
  • Jul 4, 2024 8:06am Jul 4, 2024 8:06am
Quoting ahmerjamil
{quote} Bears are suddenly comes brother, They are very dangerous... {image}
Bears are only in control if EURUSD is under 1.07433. Long way to go.
  • #12
  • Jul 4, 2024 8:52am Jul 4, 2024 8:52am
Quoting rehmatkhan00
If in this battles bears win, the price may find its support at 1.0760-70 however if they lose then we are highly likely to see another higher high In Sha Allah.
Bears desperately keeping it below 1.08 but can't push it further down.
  • #13
  • Jul 4, 2024 9:25am Jul 4, 2024 9:25am
Quoting hanzohas
{quote} Probably not What are these stats telling you about gold?
Another day, USD gets dumped again, so gold rallies.
USD is worthless.
  • #14
  • Jul 4, 2024 1:52pm Jul 4, 2024 1:52pm
Quoting rehmatkhan00
{quote} good brother, In Sha Allah our TP will be hit. I am expecting it to drop it to 1.0770 if it does not go as I am expecting then I may close it earlier
Bears' first target should be 1.07542. Aim big.
  • #15
  • Jul 4, 2024 10:07pm Jul 4, 2024 10:07pm
Can someone tell me why USD is so weak? Thanks.
  • #16
  • Jul 4, 2024 10:09pm Jul 4, 2024 10:09pm
Quoting rehmatkhan00
{quote} good brother, In Sha Allah our TP will be hit. I am expecting it to drop it to 1.0770 if it does not go as I am expecting then I may close it earlier
Hi, no drop, are you still holding? In Sha Allah.
  • #17
  • Jul 4, 2024 10:22pm Jul 4, 2024 10:22pm
Quoting Konichiwhaat
{quote} SL. Next
Hi, I'm curious too, why is USD so weak? My USD longs keep hitting SL too.
  • #18
  • Jul 4, 2024 10:54pm Jul 4, 2024 10:54pm
Quoting afresh
seems today will go south/
Are you sure? It can't go down it seems. USD is useless.
  • #19
  • Jul 4, 2024 11:46pm Jul 4, 2024 11:46pm
Quoting Whale
{quote} I tend to agree with that view
Down first? But we can't even go below 2350.
  • #20
  • Jul 5, 2024 12:39am Jul 5, 2024 12:39am
Quoting PatienceFx
What will be the policies of the new government and how will it affect eurusd {image}
This affects gbpusd not eurusd.
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