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Macro

Gas just got expensiveIn the chart is the M2 adjusted price of gasoline matched to the current price. It measures the portion of total dollars it would take to purchase a gallon of gasoline. Essentially it's a chart of dollar strength in gasoline terms. Chart up = strong gas, weak dollar. Chart down = weak gas, strong dollar. The white trendline in the center is the longterm linear regression, the center of the logarithmic price distribution (but only back to 1986). To calculate this symbol yourself: RB1! price = 3.798 RB1! / WM2NS price = 0.0001758 3.798 / 0.0001758 = 21604 Now we simply enter RB1! /WM2NS*21604 to get our current price. What the chart does not show is that over the years, public ownership of the dollar supply has gone down. As you pump unwarranted dollars into the economy, you get diminishing returns on real gdp growth and thus a reduction in productivity. No measurements are being made, dollars are only being thrown into the system. More doing, less thinking and measuring. Therefore, people have less overall dollars, relative to the total supply of dollars, to spend on gasoline as they did in previous decades. For example, around the 1970s, the FED could squeeze out about 70 cents in GDP per 1 dollar printed. (Actually they didn't squeeze anything, they just sat on their ass) Fast forward to 2022, these reckless and dogmatic pseudo-scientists are getting around 30 cents per dollar printed. If people are economically half as productive overall, PERHAPS everyday people will only be able to afford about HALF as much stuff and therefore half as much gasoline as when it was just as expensive in the past. Just something to think about, seeing as how regular citizens didn't get much of that money. Those who work the hardest are not worthy of the easy money printed by our glorious church of the FED. Consider how gasoline peaked around 7$ multiple times, in '85, '90, '05, '06. Now imagine if society was half as productive back then, that's basically saying it's 14$ in today's terms if you account for money productivity AND money supply expansion. Probably not the most settling idea. Good luck and hedge your bets.
NYMEX:RB1!
by fringe_chartist
NZD-USD Fundemental and Macro AnalysisThis weekend's market is expected to be relatively quiet. They will not produce large effects or move, and they will most likely not affect all pairings. We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained. After that, I'm going to stick with this currency pair for the weekend. Everyone should use caution, even if they have high expectations.
Long
by Idealadvantage
AUD/USD Outlook (07 March 2022)Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.73000. The Australian Building Approvals m/m data (Actual: 1.8%, Forecast: -2.9%, Previous: 8.2%) released last Friday indicated that consumer spending continues to increase at the same rate during February. Currently, AUD/USD is trading up towards the key level of 0.74. Its next support zone is at 0.73000 and the next resistance zone is at 0.75000. Look for short-term buying opportunities of AUD/USD if it breaks above the key level of 0.74.
Long
by JinDao_Tai
USD Overview (07 March 2022)Yesterday, USD strengthened against most major currencies except AUD, NZD and JPY. The U.S. jobs report released last week indicated that many more jobs than expected were added into the U.S. economy in February and that unemployment rate declined lower while no change were made to average hourly earnings. - Average Hourly Earnings m/m (Actual: 0.0%, Forecast: 0.5%, Previous: 0.6% revised from 0.7%) - Non-Farm Employment Change (Actual: 678K, Forecast: 407K, Previous: 481K revised from 467K) - Unemployment Rate (Actual: 3.8%, Forecast: 3.9%, Previous: 4.0%)
TVC:DXY
by JinDao_Tai
EUR/JPY Outlook (04 March 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke below the key level of 128. The eurozone Unemployment Rate data (Actual: 6.8%, Forecast: 6.9%, Previous: 7.0%) released yesterday indicated a decline in unemployment in February. The eurozone retail sales date (Forecast: 1.5%, Previous: -3.0%) will be released later at 1800 (GMT+8). Currently, EUR/JPY is testing the support zone of 127.500 and the next resistance zone is at 128.800. Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 127.500.
Short
by JinDao_Tai