DrStool Posted August 7, 2020 Author Report Share Posted August 7, 2020 Nice lesson in stop running there. Clean out the stops and take it up. Link to comment Share on other sites More sharing options...
DrStool Posted August 7, 2020 Author Report Share Posted August 7, 2020 A real mess today. Have a great weak end. Do zobaczenia! Later! Link to comment Share on other sites More sharing options...
SiP Posted August 7, 2020 Report Share Posted August 7, 2020 Gold and silver still overboght. lets see what next week brings. Im curious whether this was just one day move on dollar or its start of something, at least a coreection which would move copper and commo in general Link to comment Share on other sites More sharing options...
SiP Posted August 9, 2020 Report Share Posted August 9, 2020 To recap: 1/ Evictions: No eviction moratorium or new rental $, asks HUD to "consider" if evictions should stop 2/ Unemployment: Uses $44B from FEMA to cover $300/week benefit for ~5 more weeks 3. Taxes: Option to defer payroll tax payment, but w/o new law they'll still be due Link to comment Share on other sites More sharing options...
DrStool Posted August 9, 2020 Author Report Share Posted August 9, 2020 2 hours ago, SiP said: To recap: 1/ Evictions: No eviction moratorium or new rental $, asks HUD to "consider" if evictions should stop 2/ Unemployment: Uses $44B from FEMA to cover $300/week benefit for ~5 more weeks 3. Taxes: Option to defer payroll tax payment, but w/o new law they'll still be due Unconstitutional bullcrap. Another snowjob from the dictator. None of this will happen. The US is a banana republic. It's why the USD has turned to shit. Link to comment Share on other sites More sharing options...
DrStool Posted August 9, 2020 Author Report Share Posted August 9, 2020 The next 4 months in the US will be sheer hell. Absolute chaos. This will end very badly. We just don't know how yet. My guess, as it was 3 years ago when I first predicted exactly what we're seeing now, is a military coup to remove Trump. That's the least worst case actually. The worst case is if he stays in office illegally. There will be bloodshed on the streets. Link to comment Share on other sites More sharing options...
DrStool Posted August 9, 2020 Author Report Share Posted August 9, 2020 I guess we can always dream that there are a few patriots left in the Regime who, in the end, might walk him out. But highly unlikely. These people are fucking fascists. Link to comment Share on other sites More sharing options...
DrStool Posted August 9, 2020 Author Report Share Posted August 9, 2020 The monthly oscillators say that the euro will break out within a few months. The target would then be 1.25, and if they get through that, then 1.45. Link to comment Share on other sites More sharing options...
fxfox Posted August 9, 2020 Report Share Posted August 9, 2020 6 hours ago, DrStool said: The monthly oscillators say that the euro will break out within a few months. The target would then be 1.25, and if they get through that, then 1.45. Good to get confirmation from your stuff. I share that view. Given that MASSIVE congestion area around 1.25 I am quite sure that EUR/USD will virtually explode to the upside once that level is cleared. That 1.25 is like a watershed. Link to comment Share on other sites More sharing options...
fxfox Posted August 9, 2020 Report Share Posted August 9, 2020 AUD/USD has also a very nice monthly chart setup. Massive pos divs in MACD, sitting at EMA 50 and downtrendline. AUD should perform very well if Gold advances much more. Link to comment Share on other sites More sharing options...
SiP Posted August 9, 2020 Report Share Posted August 9, 2020 6 minutes ago, fxfox said: AUD/USD has also a very nice monthly chart setup. Massive pos divs in MACD, sitting at EMA 50 and downtrendline. AUD should perform very well if Gold advances much more. they need to clear 0.73 first Link to comment Share on other sites More sharing options...
SiP Posted August 9, 2020 Report Share Posted August 9, 2020 Nasdaq looks to test 14k. It broke from channel (at least 3k points width). So as long as it is above 10.500 points, its good to go, even 14k. Link to comment Share on other sites More sharing options...
SiP Posted August 9, 2020 Report Share Posted August 9, 2020 The withdrawal of USD liquidity (even if it has clearly abated in recent weeks) is a reason to expect EUR/USD to retrace from current levels as the hot money long EUR vs. USD positioning is already stretched at 21.1% of net open interest. We have only had 12 weeks of larger net long positioning on CFTC data over the past decade. Link to comment Share on other sites More sharing options...
fxfox Posted August 9, 2020 Report Share Posted August 9, 2020 44 minutes ago, SiP said: they need to clear 0.73 first Yes correct. Link to comment Share on other sites More sharing options...
fxfox Posted August 9, 2020 Report Share Posted August 9, 2020 SiP, expecting both moves - NDX further up and EUR/USD down somewhat - starting when they come back from The Hamptons. Link to comment Share on other sites More sharing options...
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