The Swamp

Buy Lmt at 1.0452; STP=18 pips; TP= 1.06

I can understand!

Maybe EU next 1.0534

The Gu is into the 12h 1.2463 now. The Eu already broke it. A day close above would break the GU 2463

UJ..

the month average reached now. EU.

EU at 1.0533/34 has some potential R. 1.0532.5 s may be worth 3-4 s/l pips

GU near 2606. But below 2610-2607 has some merit.. If and whenever it gets there.

The Gu looks to still rise. It's unlikely to make 2299 Monday. So maybe 2383 Tuesday.. I will need to tweak some. Those may bear the dividing bull/bear line. So those may be a place to long.. Expect some slippage if hit hard.

The GU beat the 12h.. It may now find a day trend to beat at 2660.5 with a day close. Monday if it falls, 2363 or 2383 may provide support. It atm hasn't reached the month range. Next week it may. I'm laying down supports for Monday only to tp 2483ish.. The supports sustained wise should separate bears from bulls. The odds being we may not see 2363 in early Asia. This support level will rise to 2383 at lunch time. I have to post down side even though i think its rising. -2299 can be a b/o place to drop.


The eu has beaten its 12h now, with the day trend R at 0627.. It looks like the pp at 0610 will happen. But for Monday a retrace is possible. Its bullish so I'm not saying either EU GU will retrace. If they do retrace. 0392 0426, can support. Lunch 0444 tp 0516..Above 0516 can be a b/o bull. 0534ish could slap it down to 0516..

I guess if Powell can't be fired, and Powell isn't afraid to say he is not leaving. The next best thing would be to say is "interest rates are too high, the world should bring them down." It wasn't a Tweet. It was speaking to the World Economic Forum in Switzerland, he said that he will demand rates come down once oil prices decline. He always fucks up the market. He cant keep his mouth shut. And all these leaders know he is lying. Drop rates with its barely ticking down and low employment. It will return with vengeance.
Let's break it down.
1.He wants Opec to pump more to bring the price down?. Whats that say to U.S. producers? Anyone thinks they want to drill on fallen prices? I'm in a oil state. I was once in the industry. My family still is. Producers like high oil prices. And when there is too much, the price falls. (Oil prices went negative for the first time in history on April 20, 2020. The price of West Texas Intermediate (WTI) crude oil, the US benchmark for crude oil, closed at -$37.62 per barrel.) The truth is even before January 20. Oil U.S. oil production was rising to a record all time high since 2009. They dont want to drill more to drop the price.
2. Ok lets take away the labor producing our food, and building homes. To get others to do this work they will want to be paid more. I also live in a agriculture area.
3. The unemployment rate is 4%,, The best its been since the 1960s. We dont have spare labor. We have millions of unfilled jobs already.
4. Add some higher cost to products with tariffs. Yeah Americans want more of that
5. Rates? Inflation, and loose money go hand in hand. There is a balance. Inflation was ticking down. These will increase inflation.

The usd is a world commodity. A view on what the market thinks about the usd as a stock or commodity. Is it comparative price to other currencies. From what the past few days have shown. The usd is in for some harder times. The bond market will eventually step in. That forum in Switzerland was real financial leaders. They know he was lying.
Everything said in this speech was anti usd. Trade in that direction

For anyone interested the death rate in untread bird flu is a lot higher than the 1% that Covid was. The deathrate's may be as high as 50% if untreated. Ebola 50-90%. The CDC is no longer able to tell us this or report. Good luck!

https://money.usnews.com/loans/mortg...rates-from-fed

FOMC week

GU 2330.. this week for me could be a point of interest!
if it arrives and how ..I don't know.

EU with a large RET 1.023x bottom Range as target ?

GJ long could have been trade of the week!

If you can catch that bull/bear, sweet spot, pullback, in the trend direction. You will get those. I was looking for something like that with the eu last week down. But when it held 343 and 403. I gave a long 0610-33 area more merit. So Monday on a pullback, it may be the same for Northbound. I plan to buy a support if the chance arrives.

GBP 2025 PP is 1.2749. So 2406 ish area look for something that may support. But one should not think it can't drop some off Friday's high below 1.2406.. The midpoint to beat at 1.2494. PA is between those 2 points 1.2406 and 1.2494. It may run to 2749 or 2808 later. But as of now. It closed the week above 2406, but not 2494. Keep that in your back pocket. Next Friday will close the month. You probably will not see this posted anywhere else. If GU bulls dont maintain above 1.2406. It may see below 1.22 again. GU bulls need to take and hold the closes above 1.2494 to rise. A Friday close below 2406 looks like a slip to me. 1.2494 rejected Bulls Friday, they did manage the foothold above 1.2406.. The month close may be greater evidence on the winner.

A possible bounce 1.2434ish.. Its likely bullish Today when sustained above 2434. 2483 may attract. 2494 ish meu resist. So if its resisting the next fews days 1 adr is 111 pips. 1 adr today lower may be near 2383 ish.. Below it may be bearish if sustained today.

0516 attracts.. If 434 is lost 1 adr is 404. close to the 403
Or even a retest of 0343

Gaps on chart (mostly gets filled). Rod dotted previous day close line.
EU

GU

The chances of those being filled, is a bounce before the lower adr is broken.