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NonySqueak News:

Weakest Japanese GDP Growth Since Q4 2015
[2018-02-14   04:21 GMT]

USDJPY tumbled to 107.01 - the lowest since Trump's election in Nov 2016 - after a disappointing GDP print signaled the beginning of the end of the 'global synchronous recovery'...

As Goldman Sachs writes, Japanese real GDP growth slowed sharply to +0.5% qoq annualized, representing a sharp slowdown from July-September (+2.2%) and coming in below the market forecast (+1.0%).

The reaction was swift, with USDJPY legging lower, stalling briefly at Sept 2017 lows, before tumbling to 107.01. Yen is the strongest since November 14th 2016 against the dollar.

The 105 & 100 are the focus...

Davos Rhetoric in Wave
[2018-01-26   08:34 GMT]

Unstoppable the Buy Behavior: check the final euro leaders' comments from Davos before welcoming the new FED in Feb & its readiness for an unprecedented turbulence

Trade War
[2018-01-26   07:46 GMT]

US Treasury Secretary Steven Mnuchin has made severe headlines this week, verbally assaulting the US dollar – “Obviously a weaker dollar is good for us as it relates to trade and opportunities, and the currency’s short-term value is not a concern of ours at all.”

Question & Answer: Is it the right time to owe GOLD; YEAP!

ECB Left Rates Unchanged
[2018-01-25   14:19 GMT]

US Treasury Secretary Mnuchin  & ECB president Draghi couldn’t reverse the trend of the dollar; The dollar languished near three-year lows against the euro Thursday after U.S. Treasury Secretary Steven Mnuchin doubled down on his view that a weaker U.S. currency is good for the country's economy, at least in the short-term. European Central Bank President Mario Draghi says data confirms a "robust pace" of economic growth and warns that the euro's volatility needs to be monitored. The bank says it will continue its 30 billion euros ($36 billion) in monthly bond purchases at least until September. The purchases push newly printed money into the economy in an attempt to raise inflation toward the bank’s goal of just under 2 percent; right now it is 1.4 percent annually despite continuing growth. He made the comments during the ECB's six-weekly briefing in Frankfurt.

USDJPY Lower Lows
[2018-01-24   09:27 GMT]

AB = CD = 107.30 as long as no close above the downsloping TL is triggered.

Up sloping TL was breached today and close is needed below that TL to secure testing 2017 low

AUDJPY Fake News?
[2018-01-24   09:26 GMT]

The cross has interrupted the 7-week up sloping trendline where the market retraced already towards 38% in the first fortnight of the year. Testing 89.00 seven times in January on a daily basis, the aussie fell below the TL to what it seems the creation of false break. The 87.00 represents DMA50 and so far has been held for 2-day.

Clear close above 89.00 let secure 200pips

Take it or Leave it!

Dollar Index,
[2018-01-24   09:23 GMT]

Dividing the weekly chart onto a segment of 15-year:

Segment I: at the end of the first 15-year, dollar plummeted after it retraced to 50% to a new bi-decade low.

Segment II: the second 15-year has ended in 2017, dollar is plunging after it retraced to 61% and should record a new bi-decade low by 2024.

AB = CD = 50 is target

CHFJPY Crossroad
[2018-01-23   17:34 GMT]

Swiss Franc boring technical machine is about to explode, either by visiting the high or the low of 2017. Decision is based on the followings:

The squeezed triangle of 2017 has generated its sortie in January 2018 from the downsloping trend line, i.e. bullish formation.

The six-month rectangle of almost 400 pips range needs a close beyond its top or bottom to secure respectively the rally or the avalanche.

Stay tuned till you have a clear rectangle close before setting the bullish trade of 400 pips or going south same width.

US Stock Market: Closed
[2018-01-15   13:11 GMT]

"Today, the United States honors the life and legacy of Dr. Martin Luther King Jr. His work to advance civil rights changed history & continues to inspire millions of people around the world."

"As a reminder, FX team has a target of 1.30 on EUR/USD in 2018. Although the Fed is hiking rates, US rate differentials are widening and the dollar has become a G10 high-yielder, the dollar is not responding. Current dynamics look very similar to the 2004-06 Fed cycle. Back then the dollar weakened even as the dollar became one of the highest-yielding currencies in the world. Weaker flows into the US mattered  more than rising rates. FX team believes flows will matter more in 2018 too, and these are decidedly EUR/USD positive"

Gold Vs. Bitcoin
[2018-01-12   12:48 GMT]

We Will Always Love Gold This Year No Matter How Sky Cryptocurrencies Rally, if they rally again!

Serious Question: Can Bitcoin Be Gold 2.0?

EURUSD Melting Up,
[2018-01-12   12:32 GMT]

Chancellor Angela Merkel reached a preliminary accord with Germany’s Social Democrats to clinch a coalition government, advancing her bid to end political gridlock and open the door to her fourth term. “In the seemingly long period of time since the election, we’ve seen that the world is not waiting for us,” said Merkel. That news sent the euro to a three-year high, adding to gains after a shift in European Central Bank messaging was dubbed hawkish. 1.2200 is in the offings!

ForexSurvivor Policy Course

Mapped By Predecessor

i. The market is full of fat tail risks that are impossible to predict and can shift market fundamentals without warning.

ii. Markets can remain irrational a lot longer than traders can remain solvent.

iii. Unless we get some sort of new action, volatility isn't likely to spike out of whack.

iv. A hedge fund manager makes a series of lucrative trades based on research from analysts at his firm and conversations with industry consultants. Some of those consultants have access to nonpublic information, but the manager doesn't trade on just a single thread of data. Instead, he culls together various tidbits of information from every nook and cranny of the market to stitch together a picture of a company.

v. There's an old market adage that says it's those quiet, unassuming price trends which are the ones most likely to continue.

vi. If you are inclined to enjoy puzzles, numbers, finance, economics, business, mathematics, science, psychology, and statistics, the market will be a most enjoyable space to thrive.

vii. Charts illustrate the pendulum swing between supply and demand, and the fight between buyers and sellers. The SLOPE is the master and commander of the trade, and Fibs are the checkpoints to either lighten or increase the trade size known as load.

viii. Silver lining known as Safe haven is defined as a currency, stock or commodity favored by investors in times of crisis because of its stability and/or easy liquidation, generally have lower returns.

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