{quote} Probably.1.0400 should resist a drop first. Good luck!
Patience, Emotion Control and Discipline.
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{quote} I agree with you sir
Just need to watch for a bounce that can take our profits away at 1.0425/20.
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Patience, Emotion Control and Discipline.
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As per the "other" thread .... 
My expectation for the week is a rally on the EU ahead of next weeks dollar fest, which I feel will drop the Euro down to new lows, maybe around the 10222 levels or worse.
For this week, if the EU can rally through the sell-side imbalance from 22.11 and reuse it as an inverted (support) zone, we may see brief recovery to 10600 levels. We'll see ...
My expectation for the week is a rally on the EU ahead of next weeks dollar fest, which I feel will drop the Euro down to new lows, maybe around the 10222 levels or worse.
For this week, if the EU can rally through the sell-side imbalance from 22.11 and reuse it as an inverted (support) zone, we may see brief recovery to 10600 levels. We'll see ...
Don't you know that I'm loco ...
- #8,808
- Nov 25, 2024 2:56am Nov 25, 2024 2:56am
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As per the "other" thread ....
May not rally until thanksgiving holiday where most of the US traders will be out celebrating. That's just a scenario your view is well respected!
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- #8,809
- Edited 4:11am Nov 25, 2024 3:10am | Edited 4:11am
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{quote} Hi RedAllOver, you mean next weeks NFP? May not rally until thanksgiving holiday where most of the US traders will be out celebrating. That's just a scenario your view is well respected!
...You're right about Thanks Giving, that should be a good rally option ...
Maybe even more immediately, this afternoons NY session could indicate how the US see the dollar drop following the Treasury appointment of Scott Bessent, also how the markets perceive his comments on kicking tariffs down the road to focus on delivering the tax cuts. This may cool the dollar inflows in favour of equities and offer a brief reprieve for the EU ... We'll need to see I guess
.Next week kicks off the first of three weeks that lead up to December 18 where I could see the Fed decide against cutting the IR before the end of 2024 and kicking the EU into the long grass (as golfers would say
) ...Green pips amigo
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{quote} Good morning sir, Happy Monday
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{quote} Good morning sir, Happy Monday
can you quote Bensen's about the "kicking the tariffs down the road"?
as far as i was aware he was a great fan of tariffs:
"In an opinion piece he wrote for Fox News published just one week ago, Bessent praised tariffs as a “useful tool” and “significant” revenue raiser....
"The truth is that other countries have taken advantage of the U.S.’s openness for far too long, because we allowed them to. Tariffs are a means to finally stand up for Americans,” Bessent wrote.
https://nebraskaexaminer.com/2024/11...y-under-trump/
No one is saying he is not a big fan of tariffs ... 
This is a comment regarding priorities. Prioritising the tax cuts means a reprieve for the EU as inflows build on t-notes and equities, which the market appear to be reacting to in the Asia/LDN sessions.
In your opinion piece, he says he backs tariffs but he doesn't elaborate on his priorities ... FOX news are Republican and therefore more likely to go with the big pro-trump headlines, rather than the nuances.
"The US dollar weakened and Treasuries rallied on Monday as the nomination of Scott Bessent as Treasury secretary eased investor fears over president-elect Donald Trump’s trade tariff plans." - FT
"Bessent has called for a gradual approach to implementing trade restrictions, and has appeared open to negotiating on the exact size of tariffs. Meanwhile, the US bond market is finally showing signs of steadying after a two-month selloff, with investors starting to swoop in whenever yields test new peaks." - Bloomberg
"President-elect Donald Trump's nominee for U.S. Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal in an interview published on Sunday." - Reuters
This is a comment regarding priorities. Prioritising the tax cuts means a reprieve for the EU as inflows build on t-notes and equities, which the market appear to be reacting to in the Asia/LDN sessions.
In your opinion piece, he says he backs tariffs but he doesn't elaborate on his priorities ... FOX news are Republican and therefore more likely to go with the big pro-trump headlines, rather than the nuances.
"The US dollar weakened and Treasuries rallied on Monday as the nomination of Scott Bessent as Treasury secretary eased investor fears over president-elect Donald Trump’s trade tariff plans." - FT
"Bessent has called for a gradual approach to implementing trade restrictions, and has appeared open to negotiating on the exact size of tariffs. Meanwhile, the US bond market is finally showing signs of steadying after a two-month selloff, with investors starting to swoop in whenever yields test new peaks." - Bloomberg
"President-elect Donald Trump's nominee for U.S. Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal in an interview published on Sunday." - Reuters
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- Nov 25, 2024 4:47am Nov 25, 2024 4:47am
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No one is saying he is not a big fan of tariffs ...
ok, i found the WSJ article but it's behind a paywall, and like you said it seems that depending on how the reporter/journal leans to, they tend to get different takes on what he said. I found different reports with very different takes.
Anyway not sure Trump 2.0 has much patient for people that doesn't do what he wants this time. I doubt the tariffs won't go his way, whatever it takes, my 2 cents.
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