The Really Useless Thread

Quoting sisse

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A rather simple day. All markets behaving in smooth flows. Oil keeps sliding aggressively, US Equities as widely expected retraced and Euro keep grinding slowly up. Not much to do here for the rest of session tracking soft EURO 1.092x for the roll.... sisse

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Quoting KGP

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to be honest didnt expect so positive ADP + the positive revision... and that assists making NFP more of a lottery...

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Quoting sisse

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{quote} Meanwhile is nothing new in the FA front .... sisse

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Quoting sisse

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{quote} Bears (and Republicans) are begging for even a single flop in employment headlines. I personally and from a strictly macroeconomic point of view think it will take at least 2 or 3 consecutive major flops in NFP to consider a change in the US employment front (trend). Markets are smelling blood [risk] via OIL and CHINA so we will just shift the focus there until we find a decent short term floor via OPEC or China showing any signs of bottoming ... Meanwhile is nothing new in the FA front .... sisse

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Quoting sisse

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--> Eyes on ADP as only main report to track before NFP. Markets flirting with risk off legs across the board and a slightly soft push from US employment numbers will be more than enough to set a snowball. --> Simple & direct flows expected. Miss or slightly worst will trigger continuation. Anything else is more chop till NFP. --> Eyes on OIL @29.5x. Losing the floor till Friday (inventories is a plus) will unlock air and lots of it triggering a test of Jan lows in world Equities and complete the leg high in GOLD with the NFP combo. On the Euro,...

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Quoting Lavanda

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{quote} I do not understand this flow. Initial reaction to ADP, that has been better than expected, should have developed a choppy market ( as you remarked and I see logical).But reaction has been as it would had had bad numbers... Initial reaction in SP and Dax, has been positive or choppy ?. Brent choppy or positive now.. The only corelation, as nearly always is with dxy that is breaking the daily range..

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Quoting sisse

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On the Euro, simple ride intraday after we took 1.084x. Short term technicals catching up with the latest FED developments and we finally look set for the short term leg up (1.084x->[check] 1.099x->[check] max ext 1.114x [in play]) to set the HIGH of the Month and Quarter as macro stops at 1.097x were raised for this week [check]after the M close.

Taking 1.086x today...

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Quoting ExForX

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Oil breaking down, looks like it's having a try for this 29.5 level Sisse mentioned.

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Quoting Vladimir1987

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dont see the point in this move... i thought news wise was more a short play till nfp nah dont get it

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Quoting sisse

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{quote} ...and i will take that.... Clearing final target in US Equities with the test 1940.xx but rally is very feeble (via dovish FED ...). Markets and numbers across the board are aligning for dark clouds in the short term. Obviously the natural confirmation will be NFP ... Only a solid NFP will put a hold on the negative sentiment across the board so --> Changing short term outlook in Equities from BUY to NEUTRAL at least until NFP... sisse

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Quoting USD-Bear

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this stuff is highly unpredictable unless your name is sisse, trying again @ 164.15 stop already at BE BUND H4: {image}

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