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The Really Useless Thread

  • #144,001
  • Oct 8, 2016 12:49am Oct 8, 2016 12:49am
Quoting clayjay
On FA side, Australia's interest rate is 1.5% so room to lower rates compared to other countries some negative Reserve Bank of Australia (RBA) is under pressure to keep interest rates low partly due to real estate bubble (mostly housing,apartments). With these issues in mind and the stronger US Dollar. A biases towards lower AUD could be argued.
well its the opposite ...

RBA is in NO pressure to lower their interest rates BUT they are talking down their currency whenever they get the chance...

the same (more or less) is with the RBNZ but in their case they have a "traffic light" system (which they have publicly admitted that they use or going to use whenever they think is appropriate)

RBA has the same system as per RBNZ but never admitted lately of using (but they have used in the past and mentioned about it)

although both of the CB are "cousins" and one "follows" the other in "sympathy" bare in mind that both countries are "different"....

more over RBAs new governor is more hawkish in his comments and stance

in my belief this is due to better commodity prices lately and also because they have seen that rate cuts whenever introduced produce the opposite of whats expected.
  • #144,002
  • Oct 8, 2016 2:40am Oct 8, 2016 2:40am
Thanks for your input KGP.
This is an interesting article from Macquarie Bank.
Although they expect lower rates, the dollar may stay stagnet.


http://www.macrobusiness.com.au/2016...e-cuts-coming/
  • #144,003
  • Oct 8, 2016 6:03am Oct 8, 2016 6:03am
Quoting IMARICH1
Good conversation! Like understanding principles and perspectives on market as a whole. How does or does Sterling factor now into JPY? Additionally, does the soft inline NFP FACTOR slow momentum of next leg of the USD/JPY in short term? It did break thru 103.8x @104.1x Is this extension leg still locked now?
This is so interesting, chart is same yet there are so many different ways to look at it. I took UJ short at 104 seeing the double top and a beautiful supply zone. This SZ was a strong one and right after Nfp it gave 120 pips. It would be interesting to see if it goes to 101.80 first or 105.
  • #144,004
  • Oct 8, 2016 6:06am Oct 8, 2016 6:06am
Quoting The Fool
{quote}Hey, gamblers gotta eat, too.
at the track as we speak, waiting on some two dollar trifectas to come in.....
Look Sharp/Trade Tight
  • #144,005
  • Oct 8, 2016 10:21am Oct 8, 2016 10:21am
Quoting goosebone
Dipping back in to mention I think this trump tape might have legs (for anyone thinking about the us election). Damage control from now til debate Sunday night needs to be A game to quash it. We will see but when news "trumps" a cat 4 hurricane landfall...well like I said. We'll see.
Oh yeah- he's done.

However; he says he's going to air Hillary/Bill issues on the second debate to try and show that they are at least as bad if not worse than him.....so at least there will be some entertainment. That's about all these two are good for.

I'd rather have Gary. Don't even care if he isnt the best fit, he can learn. But these two....good lord. So disgusting we are even in a position to choose between these two, still researching on better countries to move to. Australia always at the top of the list, Japan as well, until their nuclear accident. Need to build trading account for livability first though =[
  • #144,006
  • Oct 8, 2016 10:48am Oct 8, 2016 10:48am
Quoting Pharm0r
{quote} ... So disgusting we are even in a position to choose between these two, still researching on better countries to move to. Australia always at the top of the list, Japan as well, until their nuclear accident. Need to build trading account for livability first though =[
Not if you're an employee

http://www.forexfactory.com/news.php?do=news&id=610293
  • #144,007
  • Oct 8, 2016 11:04am Oct 8, 2016 11:04am
Quoting change
{quote} Not if you're an employee http://www.forexfactory.com/news.php?do=news&id=610293
lol, New Zealand is up there on my list
  • #144,008
  • Oct 8, 2016 11:17am Oct 8, 2016 11:17am
Quoting Pharm0r
{quote} lol, New Zealand is up there on my list
same here for Auckland ....
Re-Incarnated
  • #144,009
  • Oct 9, 2016 2:06am Oct 9, 2016 2:06am
Quoting Pharm0r
{quote} Oh yeah- he's done. However; he says he's going to air Hillary/Bill issues on the second debate to try and show that they are at least as bad if not worse than him.....so at least there will be some entertainment. That's about all these two are good for. I'd rather have Gary. Don't even care if he isnt the best fit, he can learn. But these two....good lord. So disgusting we are even in a position to choose between these two, still researching on better countries to move to. Australia always at the top of the list, Japan as well, until their...
I have heard that Belize is good. 0 tax for income from trading and english is used in official.
Trading in the shadow of SM
  • #144,010
  • Oct 9, 2016 6:15am Oct 9, 2016 6:15am
Quoting The Fool
..but really maybe that will set the stage for true freakout mode on WS as the Trump vs. Clinton polls tighten up down the stretch. Unless he blows it Sunday.
right, Sunday, lol.....watch the MXN peso on Sunday...most likely it'll rally....and if the other big scary market boogers go away for a few days then we should also see US equities rally early in the new week.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,011
  • Oct 9, 2016 7:45am Oct 9, 2016 7:45am
It looks like US are just a few tic-tac away from clearing election 30 days in advance. A loss of epic proportion or not seems the only remaining question.This gonna make the things even clearer for the FED play.
And with Draghi this weekend, kicking tightening speculations and confirming ECB stimulus policy, and nothing good to wait from the brexit front until (i think) german and french elections are cleared (next May), everything looks ready to trigger the mid tem play on EU in the upcoming weeks.
  • #144,012
  • Oct 9, 2016 3:35pm Oct 9, 2016 3:35pm
US in full soap opera mode, with the random guy finally tripping in his own shit .... Mexicans, black, muslims, minorities we heard it all but getting caught insulting white women was the one to really trigger the snowball. ...Only the king of the Brexiters (ukip Farage for those outside of the UK) celebrating and defending such a behaviour ....

--> Sad to see such a low level, racist, bigotry and soap in the most important political race in the world. Hopefully this will be over soon as just the thought of having somebody like him sitting with the red button of thousand of nuclear warheads in control of the most powerful nation on earth is just sick, sad and scary ... Not expecting much markets wise but after tonight we will enter in final countdown for election day.

--> A bit more relevant for trading today, DB back on the headlines this weekend, no deal with US authorities confirmed and lots of noise that the question is not IF but how the 'bailout' will me made while the UK government back in full aggressive motion and lesson not learnt from the Pound crash....

--> Watch out for a heavy and jittery opening range for the 3er consecutive week and if there is a clean sweep in the debate or capitulation from the random guy in the next few days, a sharp rally in Dollar ....

Probably the less interesting, intelligent, intellectual stimulating and policy based debate in the US ever is expected so to the fellow traders across the Atlantic 'enjoy' having to witness just a long and useless third world country populist show tonight... the rest of us we'll pick up the highlights (if any worth mentioning) in the morning...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,013
  • Oct 9, 2016 5:03pm Oct 9, 2016 5:03pm
goose! you lived!
  • #144,014
  • Oct 9, 2016 5:06pm Oct 9, 2016 5:06pm
Quoting sisse
Probably the less interesting, intelligent, intellectual stimulating and policy based debate in the US ever is expected so to the fellow traders across the Atlantic 'enjoy' having to witness just a long and useless third world country populist show tonight... the rest of us we'll pick up the highlights (if any worth mentioning) in the morning... sisse
I know what you are saying, but you are acting like we have the choice of who our president is anyway.

The electoral college has the vote- not citizens.
  • #144,015
  • Oct 9, 2016 10:11pm Oct 9, 2016 10:11pm
Quoting Pharm0r
goose! you lived!
Yup. Our humble village at the end of road ended up the safest place in FL. Came up north to "assess the damage" (hang on Miami Beach for the weekend). How'd you fare up there?
  • #144,016
  • Oct 9, 2016 10:41pm Oct 9, 2016 10:41pm
peso drops hard over the weekend and the 2nd debate not enough to move it more than a few pesetas either way. Where do you think the peso will be in Q1 2017, with HRC in the WH and WTI pushing towards $60?
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,017
  • Oct 9, 2016 11:50pm Oct 9, 2016 11:50pm
Quoting goosebone
{quote} Yup. Our humble village at the end of road ended up the safest place in FL. Came up north to "assess the damage" (hang on Miami Beach for the weekend). How'd you fare up there?
Tree toppled in the backyard, localized flooding and power outtages. Same ol same ol
  • #144,018
  • Oct 9, 2016 11:59pm Oct 9, 2016 11:59pm
Quoting Pharm0r
{quote} Tree toppled in the backyard, localized flooding and power outtages. Same ol same ol
Nothing too rough then. Glad to hear it.
  • #144,019
  • Edited 3:36am Oct 10, 2016 3:07am | Edited 3:36am
Quoting The Fool
peso drops hard over the weekend and the 2nd debate not enough to move it more than a few pesetas either way. Where do you think the peso will be in Q1 2017, with HRC in the WH and WTI pushing towards $60? {image}
It is a nice carry too.
For now all HRC has to sit tight and she will be in the seat. Trump manage to do the self destruction.
Has been drawing a longer term map with major S/R areas and possible flip how I look it. Nice Trumpometer. It is a trade that will need a lot of patience. I have outlook short term strong sell, mid term sell, and long term neutral.

PS correlation to oil is almost non existing I attach also correlation table.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDMXNWeekly.png Size: 28 KB
Click to Enlarge Name: 2016-10-10 (1).png Size: 117 KB
Trading in the shadow of SM
  • #144,020
  • Oct 10, 2016 5:38am Oct 10, 2016 5:38am
Quoting Earleone
{quote} It is a nice carry too. For now all HRC has to sit tight and she will be in the seat. Trump manage to do the self destruction. Has been drawing a longer term map with major S/R areas and possible flip how I look it. Nice Trumpometer. It is a trade that will need a lot of patience. I have outlook short term strong sell, mid term sell, and long term neutral. PS correlation to oil is almost non existing I attach also correlation table. {image} {image}
Hi Earleone: what is the meaning of colors? how do you read your correlation table? Thanks!
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