And the fall began Altough I made huge mistake underestimate the market makers games, still holding my short. Todaz data could not be hack :P
Take care
Elgato
Second Try of Break outIn the last two weeks, we have observed that FX:EURUSD is earnestly trying to establish a new base, aiming to finally take off.
Unfortunately, this cannot happen if certain variables don't change urgently. If not, EURUSD faces significant downturns repeatedly.
What are these variables?
First and foremost, US inflation needs to decline more sharply. This could occur if the job market cools down, or in other words, if we start to see lay-offs. It's not widely discussed that fewer people are entering the job market. This is primarily because there aren't many suitable candidates in the US who are both qualified for the available jobs and willing to work.
Job vacancies can be misleading . While the number of jobs requiring extensive knowledge and education is on the rise, job vacancies remain high. Naturally, in the event of a serious recession, these vacancies will diminish until the economy finds a new equilibrium."
US goverment bonds TVC:US10Y TVC:US02Y
The fact that nobody willing to buy them is driving up the yields which is supporting very strongly the TVC:DXY we need to see bond yields falling which is honestly higly unlikely right now.
Altough...
We are just 14 minutes away to receive the Initial Jobless Claims. Forecast is ONLY 212K - If we wanna see the euro flying we need to see around 300 and above .
DO NOT FORGET that today at 18:00( Budapest - Time ) Fed Chair Powell Speaks.
Trade Safe- ElGato
Patient will pay of. in the next 25 days. NEL ASA Is an under-the-radar company - It was not the fast track company and I did a silly buy a year ago. But most likely you will hold your loss confidently if you know what's behind the scene.
That's what I do. Now you have 15 days to analyze the company while it will retrace a little bit and take a position. Its cheap so think about that you gonna buy some expensive Jeans - 100$
Do not expect to fit the Jeans if you don't try them before (due diligence).
Have fun -ElGatoTrade
Bear MArket Warm UP U.S. stock markets opened sharply lower on Thursday after a new 40-year record high for U.S. inflation stoked fears that the Federal Reserve will have to raise interest rates repeatedly this year.
Earlier, official statistics showed the consumer price index rose 0.6% on the month and 7.5% on the year, its highest since 1982. The rise in prices was broad-based, with the majority of sub-categories for various goods and services showing an inflation rate of over 5%. The labor market, too, showed further signs of having ridden out disruptions from the wave of Omicron-variant Covid-19 quickly, with initial jobless claims falling by more than expected last week to 223,000.
The figures were a disappointment to the bond market too, pushing yields (which move inversely to prices) at the long end of the curve up by around 5-6 basis points. The benchmark 10-Year Treasury note yield, which had fallen on Wednesday after a well-received auction, rose to 2.00% for the first time since August 2019.
CRYPTO is not the safe haven dont be..... you know it.
Bear MArket Warm UP - U.S. stock markets opened sharply lower on Thursday after a new 40-year record high for U.S. inflation stoked fears that the Federal Reserve will have to raise interest rates repeatedly this year.
Earlier, official statistics showed the consumer price index rose 0.6% on the month and 7.5% on the year, its highest since 1982. The rise in prices was broad-based, with the majority of sub-categories for various goods and services showing an inflation rate of over 5%. The labor market, too, showed further signs of having ridden out disruptions from the wave of Omicron-variant Covid-19 quickly, with initial jobless claims falling by more than expected last week to 223,000.
The figures were a disappointment to the bond market too, pushing yields (which move inversely to prices) at the long end of the curve up by around 5-6 basis points. The benchmark 10-Year Treasury note yield, which had fallen on Wednesday after a well-received auction, rose to 2.00% for the first time since August 2019.
CRYPTO is not the safe haven dont be..... you know it.
